Can I retire at age 60 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$77,046$76,360$75,690$75,037$74,399$72,541
2 years$38,142$37,431$36,743$36,075$35,428$33,568
3 years$25,175$24,462$23,775$23,114$22,477$20,673
4 years$18,693$17,982$17,302$16,652$16,031$14,297
5 years$14,805$14,098$13,427$12,791$12,186$10,527
6 years$12,214$11,512$10,851$10,229$9,643$8,060
7 years$10,364$9,668$9,017$8,410$7,842$6,336
8 years$8,977$8,287$7,647$7,055$6,506$5,075
9 years$7,898$7,215$6,587$6,009$5,479$4,123
10 years$7,036$6,360$5,742$5,180$4,668$3,386
11 years$6,332$5,662$5,056$4,508$4,015$2,803
12 years$5,745$5,082$4,487$3,954$3,479$2,337
13 years$5,248$4,593$4,009$3,491$3,034$1,958
14 years$4,823$4,175$3,602$3,099$2,659$1,649
15 years$4,455$3,814$3,252$2,764$2,342$1,393
16 years$4,134$3,499$2,948$2,474$2,070$1,180
17 years$3,850$3,222$2,683$2,223$1,835$1,002
18 years$3,598$2,978$2,449$2,004$1,632$853
19 years$3,373$2,760$2,242$1,810$1,454$728
20 years$3,171$2,564$2,058$1,640$1,299$621
21 years$2,988$2,389$1,893$1,488$1,162$531
22 years$2,822$2,230$1,744$1,353$1,042$455
23 years$2,671$2,085$1,611$1,232$935$390
24 years$2,533$1,954$1,490$1,124$841$334
25 years$2,405$1,834$1,380$1,026$756$287
26 years$2,288$1,723$1,279$938$681$246
27 years$2,180$1,622$1,188$859$614$211
28 years$2,079$1,528$1,105$787$554$181
29 years$1,986$1,442$1,028$722$501$156
30 years$1,899$1,362$957$662$452$134
31 years$1,818$1,287$893$608$409$115
32 years$1,742$1,218$833$559$370$99
33 years$1,671$1,153$778$514$335$85
34 years$1,604$1,093$727$473$303$73
35 years$1,541$1,037$679$435$275$63
36 years$1,482$984$635$401$249$54
37 years$1,426$935$595$370$225$47
38 years$1,373$888$557$341$204$40
39 years$1,323$845$522$314$185$35
40 years$1,276$804$489$290$168$30
41 years$1,231$765$459$267$153$26
42 years$1,188$728$430$247$138$22
43 years$1,147$694$404$228$126$19
44 years$1,109$662$379$210$114$16
45 years$1,072$631$356$194$103$14
46 years$1,037$602$334$179$94$12
47 years$1,003$574$314$166$85$10
48 years$971$548$295$153$77$9
49 years$940$524$277$141$70$8
50 years$911$500$261$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $933,000, adding $3,428 every year, while hoping to spend $51,490 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: 48/41/11 Blend
59$933,000$933,000$933,000$933,000
60$1,031,702$982,253$967,791$1,077,952
61$1,082,151$975,598$945,428$1,103,475
62$1,136,019$966,892$920,589$1,125,527
63$1,193,602$955,979$893,138$1,148,301
64$1,255,223$942,695$862,931$1,171,882
65$1,321,235$926,866$829,818$1,196,365
66$1,392,026$908,308$793,642$1,221,859
67$1,468,023$886,825$754,240$1,248,486
68$1,549,693$862,211$711,438$1,276,385
69$1,637,549$834,247$665,059$1,305,713
70$1,732,155$802,701$614,914$1,336,648
71$1,834,129$767,327$560,808$1,369,390
72$1,944,151$727,868$502,536$1,404,162
73$2,062,968$684,047$439,885$1,441,219
74$2,191,401$635,575$372,631$1,480,844
75$2,330,351$582,145$300,541$1,523,356
76$2,480,810$523,434$223,372$1,569,112
77$2,643,868$459,097$140,870$1,618,513
78$2,820,723$388,774$52,770$1,672,008
79$3,012,693$312,080$0$1,730,096
80$3,221,229$228,613$0$1,798,182
81$3,447,925$137,945$0$1,878,972
82$3,694,534$39,626$0$1,967,001
83$3,962,988$0$0$2,063,084
84$4,255,409$0$0$2,198,278
85$4,574,136$0$0$2,365,213
86$4,921,741$0$0$2,547,370
87$5,301,054$0$0$2,746,246
88$5,715,191$0$0$2,963,488
89$6,167,584$0$0$3,200,907
90$6,662,008$0$0$3,460,501
91$7,202,621$0$0$3,744,465
92$7,794,001$0$0$4,055,221
93$8,441,188$0$0$4,395,431
94$9,149,733$0$0$4,768,030
95$9,925,747$0$0$5,176,248
96$10,775,960$0$0$5,623,643
97$11,707,786$0$0$6,114,135
98$12,729,387$0$0$6,652,039
99$13,849,755$0$0$7,242,108
100$15,078,793$0$0$7,889,578