Can I retire at age 60 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$81,423$80,698$79,990$79,299$78,625$78,162
2 years$40,308$39,558$38,830$38,125$37,440$36,974
3 years$26,605$25,851$25,126$24,427$23,754$23,297
4 years$19,755$19,004$18,285$17,598$16,941$16,499
5 years$15,646$14,899$14,190$13,517$12,879$12,451
6 years$12,908$12,166$11,468$10,810$10,190$9,779
7 years$10,952$10,217$9,530$8,887$8,288$7,892
8 years$9,487$8,758$8,082$7,455$6,875$6,495
9 years$8,347$7,625$6,961$6,350$5,790$5,426
10 years$7,436$6,721$6,069$5,474$4,933$4,585
11 years$6,691$5,984$5,343$4,764$4,243$3,910
12 years$6,071$5,371$4,742$4,179$3,677$3,359
13 years$5,546$4,853$4,236$3,689$3,206$2,903
14 years$5,097$4,412$3,806$3,275$2,811$2,522
15 years$4,708$4,030$3,437$2,921$2,475$2,200
16 years$4,368$3,698$3,116$2,615$2,187$1,926
17 years$4,069$3,405$2,835$2,350$1,939$1,692
18 years$3,803$3,147$2,588$2,117$1,724$1,490
19 years$3,565$2,916$2,369$1,913$1,537$1,315
20 years$3,351$2,710$2,174$1,733$1,373$1,163
21 years$3,158$2,524$2,000$1,573$1,228$1,030
22 years$2,983$2,356$1,843$1,430$1,101$914
23 years$2,823$2,204$1,702$1,302$988$812
24 years$2,676$2,065$1,574$1,188$888$722
25 years$2,542$1,938$1,458$1,085$799$643
26 years$2,418$1,821$1,352$992$720$573
27 years$2,304$1,714$1,256$908$649$511
28 years$2,198$1,615$1,167$832$586$456
29 years$2,099$1,524$1,086$763$529$407
30 years$2,007$1,439$1,012$700$478$364
31 years$1,921$1,360$943$643$432$325
32 years$1,841$1,287$880$591$391$291
33 years$1,766$1,219$822$543$354$260
34 years$1,695$1,155$768$500$320$233
35 years$1,629$1,096$718$460$290$208
36 years$1,566$1,040$672$424$263$187
37 years$1,507$988$629$391$238$167
38 years$1,451$939$589$360$216$150
39 years$1,398$893$551$332$196$134
40 years$1,348$849$517$306$178$120
41 years$1,300$808$485$282$161$108
42 years$1,255$770$455$261$146$97
43 years$1,212$734$427$241$133$87
44 years$1,172$699$400$222$120$78
45 years$1,133$667$376$205$109$70
46 years$1,095$636$353$190$99$63
47 years$1,060$607$332$175$90$56
48 years$1,026$579$312$162$82$50
49 years$994$553$293$150$74$45
50 years$963$529$276$138$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $986,000, adding $3,394 every year, while hoping to spend $41,686 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: 26/45/29 Blend
59$986,000$986,000$986,000$986,000
60$1,090,073$1,037,815$1,022,532$1,108,492
61$1,156,907$1,044,314$1,012,433$1,130,472
62$1,229,161$1,049,735$1,000,599$1,150,268
63$1,307,343$1,053,980$986,927$1,170,659
64$1,392,014$1,056,947$971,311$1,191,725
65$1,483,787$1,058,525$953,638$1,213,558
66$1,583,340$1,058,600$933,791$1,236,261
67$1,691,416$1,057,046$911,648$1,259,952
68$1,808,832$1,053,733$887,081$1,284,765
69$1,936,490$1,048,523$859,954$1,310,852
70$2,075,377$1,041,266$830,128$1,338,386
71$2,226,584$1,031,807$797,456$1,367,560
72$2,391,310$1,019,979$761,785$1,398,594
73$2,570,872$1,005,606$722,953$1,431,733
74$2,766,722$988,502$680,793$1,467,256
75$2,980,458$968,469$635,130$1,505,475
76$3,213,838$945,298$585,781$1,546,740
77$3,468,798$918,766$532,553$1,591,444
78$3,747,470$888,640$475,248$1,640,026
79$4,052,199$854,670$413,655$1,692,980
80$4,385,568$816,594$347,558$1,750,855
81$4,750,423$774,134$276,728$1,814,268
82$5,149,895$726,995$200,927$1,883,905
83$5,587,433$674,867$119,907$1,960,535
84$6,066,836$617,421$33,409$2,045,012
85$6,592,287$554,308$0$2,138,290
86$7,168,393$485,162$0$2,259,657
87$7,800,228$409,593$0$2,404,286
88$8,493,381$327,193$0$2,563,236
89$9,254,008$237,528$0$2,738,065
90$10,088,889$140,139$0$2,930,499
91$11,005,494$34,544$0$3,142,449
92$12,012,050$0$0$3,376,031
93$13,117,620$0$0$3,673,086
94$14,332,189$0$0$4,018,396
95$15,666,757$0$0$4,398,002
96$17,133,440$0$0$4,815,374
97$18,745,588$0$0$5,274,336
98$20,517,907$0$0$5,779,096
99$22,466,602$0$0$6,334,296
100$24,609,524$0$0$6,945,046