Can I retire at age 60 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$77,542$76,851$76,177$75,519$74,877$71,878
2 years$38,387$37,672$36,979$36,307$35,656$32,672
3 years$25,337$24,619$23,928$23,263$22,622$19,747
4 years$18,813$18,098$17,413$16,759$16,134$13,390
5 years$14,900$14,189$13,514$12,873$12,265$9,659
6 years$12,292$11,586$10,921$10,294$9,705$7,239
7 years$10,430$9,730$9,075$8,464$7,892$5,565
8 years$9,034$8,340$7,697$7,100$6,548$4,356
9 years$7,949$7,262$6,629$6,048$5,514$3,456
10 years$7,082$6,401$5,779$5,213$4,698$2,769
11 years$6,372$5,698$5,088$4,537$4,041$2,236
12 years$5,781$5,115$4,516$3,979$3,502$1,816
13 years$5,282$4,622$4,034$3,513$3,053$1,482
14 years$4,854$4,201$3,625$3,119$2,677$1,214
15 years$4,484$3,838$3,273$2,781$2,357$998
16 years$4,160$3,521$2,967$2,490$2,083$822
17 years$3,875$3,243$2,700$2,238$1,847$679
18 years$3,621$2,997$2,465$2,017$1,642$561
19 years$3,395$2,777$2,256$1,822$1,464$465
20 years$3,191$2,581$2,071$1,650$1,307$385
21 years$3,007$2,404$1,905$1,498$1,170$319
22 years$2,840$2,244$1,756$1,362$1,049$265
23 years$2,688$2,099$1,621$1,240$941$220
24 years$2,549$1,966$1,499$1,131$846$183
25 years$2,421$1,845$1,388$1,033$761$152
26 years$2,303$1,734$1,288$945$686$127
27 years$2,194$1,632$1,196$865$618$105
28 years$2,093$1,538$1,112$792$558$88
29 years$1,999$1,451$1,034$726$504$73
30 years$1,911$1,370$964$667$455$61
31 years$1,830$1,295$898$612$412$51
32 years$1,753$1,226$838$563$372$42
33 years$1,682$1,161$783$517$337$35
34 years$1,614$1,100$731$476$305$29
35 years$1,551$1,043$684$438$276$24
36 years$1,491$990$639$404$250$20
37 years$1,435$941$599$372$227$17
38 years$1,382$894$561$343$206$14
39 years$1,331$850$525$316$187$12
40 years$1,284$809$492$292$169$10
41 years$1,238$770$462$269$153$8
42 years$1,195$733$433$248$139$7
43 years$1,155$699$406$229$126$6
44 years$1,116$666$381$212$115$5
45 years$1,079$635$358$195$104$4
46 years$1,043$606$336$180$95$3
47 years$1,009$578$316$167$86$3
48 years$977$552$297$154$78$2
49 years$946$527$279$142$71$2
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $939,000, adding $2,693 every year, while hoping to spend $42,870 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: 48/32/20 Blend
59$939,000$939,000$939,000$939,000
60$1,037,556$987,789$973,234$1,081,376
61$1,097,773$990,577$960,224$1,114,927
62$1,162,696$992,065$945,342$1,146,795
63$1,232,759$992,144$928,478$1,180,502
64$1,308,439$990,698$909,521$1,216,239
65$1,390,262$987,605$888,352$1,254,218
66$1,478,804$982,733$864,848$1,294,676
67$1,574,700$975,944$838,878$1,337,874
68$1,678,646$967,092$810,307$1,384,104
69$1,791,410$956,022$778,994$1,433,690
70$1,913,834$942,567$744,791$1,486,992
71$2,046,846$926,554$707,542$1,544,411
72$2,191,465$907,796$667,086$1,606,390
73$2,348,816$886,099$623,254$1,673,423
74$2,520,131$861,254$575,869$1,746,056
75$2,706,770$833,041$524,747$1,824,897
76$2,910,228$801,228$469,693$1,910,617
77$3,132,151$765,567$410,508$2,003,965
78$3,374,350$725,800$346,979$2,105,766
79$3,638,819$681,649$278,888$2,216,939
80$3,927,753$632,825$206,006$2,338,498
81$4,243,568$579,017$128,091$2,471,569
82$4,588,924$519,902$44,895$2,617,399
83$4,966,751$455,133$0$2,777,367
84$5,380,273$384,349$0$2,962,368
85$5,833,043$307,164$0$3,175,558
86$6,328,971$223,172$0$3,409,280
87$6,872,363$131,945$0$3,665,668
88$7,467,964$33,030$0$3,947,077
89$8,120,996$0$0$4,256,110
90$8,837,213$0$0$4,621,717
91$9,622,952$0$0$5,035,678
92$10,485,194$0$0$5,490,054
93$11,431,627$0$0$5,988,908
94$12,470,719$0$0$6,536,721
95$13,611,800$0$0$7,138,424
96$14,865,148$0$0$7,799,451
97$16,242,082$0$0$8,525,791
98$17,755,075$0$0$9,324,037
99$19,417,868$0$0$10,201,455
100$21,245,595$0$0$11,166,051