Can I retire at age 60 with 932,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$76,964$76,278$75,609$74,956$74,319$71,568
2 years$38,101$37,391$36,704$36,037$35,390$32,650
3 years$25,148$24,436$23,750$23,089$22,453$19,809
4 years$18,673$17,963$17,284$16,634$16,014$13,487
5 years$14,789$14,083$13,413$12,777$12,173$9,770
6 years$12,201$11,500$10,840$10,218$9,632$7,354
7 years$10,353$9,658$9,008$8,401$7,834$5,680
8 years$8,967$8,278$7,639$7,047$6,499$4,468
9 years$7,890$7,208$6,580$6,002$5,473$3,561
10 years$7,029$6,353$5,736$5,174$4,663$2,868
11 years$6,325$5,656$5,050$4,503$4,010$2,328
12 years$5,738$5,076$4,482$3,950$3,475$1,901
13 years$5,243$4,588$4,004$3,487$3,031$1,560
14 years$4,818$4,170$3,598$3,095$2,657$1,285
15 years$4,450$3,809$3,248$2,761$2,339$1,062
16 years$4,129$3,495$2,945$2,472$2,067$880
17 years$3,846$3,219$2,680$2,221$1,833$731
18 years$3,594$2,974$2,446$2,001$1,630$608
19 years$3,370$2,757$2,240$1,809$1,453$506
20 years$3,168$2,562$2,055$1,638$1,298$422
21 years$2,985$2,386$1,891$1,487$1,161$353
22 years$2,819$2,227$1,742$1,352$1,041$295
23 years$2,668$2,083$1,609$1,231$934$246
24 years$2,530$1,952$1,488$1,123$840$206
25 years$2,403$1,832$1,378$1,025$756$172
26 years$2,286$1,721$1,278$937$681$144
27 years$2,178$1,620$1,187$858$614$121
28 years$2,077$1,527$1,103$786$554$101
29 years$1,984$1,440$1,027$721$500$85
30 years$1,897$1,360$956$662$452$71
31 years$1,816$1,286$892$608$408$60
32 years$1,740$1,217$832$558$369$50
33 years$1,669$1,152$777$514$334$42
34 years$1,602$1,092$726$473$303$35
35 years$1,539$1,036$679$435$274$29
36 years$1,480$983$635$401$248$25
37 years$1,424$934$594$369$225$21
38 years$1,372$887$556$340$204$17
39 years$1,322$844$521$314$185$15
40 years$1,274$803$489$289$168$12
41 years$1,229$764$458$267$152$10
42 years$1,187$728$430$246$138$9
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$6
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$4
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$3
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $932,000, adding $3,040 every year, while hoping to spend $26,023 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/20/8 Blend
59$932,000$932,000$932,000$932,000
60$1,030,200$980,804$966,358$1,102,803
61$1,107,592$1,001,175$971,042$1,171,519
62$1,192,006$1,021,672$975,012$1,243,200
63$1,284,130$1,042,274$978,215$1,320,959
64$1,384,723$1,062,957$980,597$1,405,390
65$1,494,620$1,083,697$982,102$1,497,144
66$1,614,738$1,104,465$982,669$1,596,940
67$1,746,091$1,125,233$982,237$1,705,569
68$1,889,790$1,145,967$980,741$1,823,902
69$2,047,063$1,166,634$978,110$1,952,901
70$2,219,261$1,187,196$974,274$2,093,622
71$2,407,869$1,207,613$969,156$2,247,230
72$2,614,526$1,227,840$962,677$2,415,011
73$2,841,035$1,247,832$954,754$2,598,377
74$3,089,383$1,267,538$945,301$2,798,888
75$3,361,757$1,286,905$934,225$3,018,260
76$3,660,567$1,305,873$921,432$3,258,385
77$3,988,467$1,324,383$906,822$3,521,348
78$4,348,380$1,342,367$890,290$3,809,447
79$4,743,526$1,359,755$871,726$4,125,212
80$5,177,453$1,376,470$851,016$4,471,432
81$5,654,068$1,392,432$828,040$4,851,182
82$6,177,676$1,407,554$802,673$5,267,848
83$6,753,020$1,421,745$774,783$5,725,164
84$7,385,323$1,434,905$744,233$6,227,242
85$8,080,340$1,446,930$710,880$6,778,615
86$8,844,414$1,457,709$674,573$7,384,279
87$9,684,529$1,467,122$635,156$8,049,738
88$10,608,383$1,475,042$592,466$8,781,061
89$11,624,455$1,481,336$546,330$9,584,932
90$12,742,087$1,485,860$496,570$10,468,719
91$13,971,574$1,488,461$443,000$11,440,544
92$15,324,258$1,488,978$385,423$12,509,356
93$16,812,634$1,487,240$323,636$13,685,015
94$18,450,471$1,483,063$257,426$14,978,393
95$20,252,941$1,476,255$186,572$16,401,466
96$22,236,758$1,466,609$110,840$17,967,436
97$24,420,343$1,453,909$29,988$19,690,852
98$26,823,990$1,437,922$0$21,587,748
99$29,470,061$1,418,404$0$23,680,598
100$32,383,197$1,395,096$0$25,987,116