Can I retire at age 60 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$90,011$89,209$88,427$87,664$86,918$84,001
2 years$44,560$43,730$42,926$42,146$41,390$38,480
3 years$29,412$28,578$27,776$27,003$26,259$23,448
4 years$21,839$21,008$20,214$19,454$18,728$16,037
5 years$17,296$16,470$15,687$14,943$14,237$11,672
6 years$14,269$13,449$12,677$11,950$11,265$8,830
7 years$12,108$11,295$10,535$9,825$9,162$6,855
8 years$10,487$9,682$8,934$8,242$7,600$5,420
9 years$9,228$8,430$7,695$7,020$6,401$4,345
10 years$8,220$7,430$6,709$6,051$5,454$3,519
11 years$7,397$6,615$5,906$5,267$4,690$2,873
12 years$6,711$5,937$5,242$4,619$4,065$2,360
13 years$6,131$5,365$4,683$4,078$3,544$1,949
14 years$5,635$4,877$4,208$3,620$3,107$1,616
15 years$5,205$4,455$3,799$3,229$2,736$1,344
16 years$4,829$4,088$3,444$2,891$2,418$1,121
17 years$4,498$3,765$3,134$2,597$2,144$937
18 years$4,204$3,479$2,861$2,341$1,906$785
19 years$3,941$3,224$2,619$2,115$1,699$658
20 years$3,705$2,996$2,404$1,916$1,518$553
21 years$3,491$2,790$2,211$1,739$1,358$465
22 years$3,297$2,605$2,038$1,581$1,217$391
23 years$3,121$2,436$1,882$1,440$1,093$329
24 years$2,959$2,283$1,740$1,313$982$277
25 years$2,810$2,142$1,612$1,199$884$234
26 years$2,673$2,013$1,495$1,096$796$197
27 years$2,547$1,895$1,388$1,004$718$166
28 years$2,429$1,785$1,290$919$648$140
29 years$2,320$1,684$1,201$843$585$118
30 years$2,219$1,591$1,119$774$528$100
31 years$2,124$1,504$1,043$711$478$84
32 years$2,035$1,423$973$653$432$71
33 years$1,952$1,347$908$601$391$60
34 years$1,874$1,277$849$553$354$51
35 years$1,800$1,211$794$509$321$43
36 years$1,731$1,150$742$469$291$36
37 years$1,666$1,092$695$432$263$31
38 years$1,604$1,038$651$398$239$26
39 years$1,546$987$610$367$217$22
40 years$1,490$939$571$338$196$19
41 years$1,438$894$536$312$178$16
42 years$1,388$851$503$288$162$13
43 years$1,340$811$472$266$147$11
44 years$1,295$773$443$246$133$9
45 years$1,252$737$416$227$121$8
46 years$1,211$703$390$210$110$7
47 years$1,172$671$367$194$100$6
48 years$1,134$641$345$179$91$5
49 years$1,098$612$324$165$82$4
50 years$1,064$584$305$153$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,090,000, adding $4,270 every year, while hoping to spend $27,336 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: 45/39/16 Blend
59$1,090,000$1,090,000$1,090,000$1,090,000
60$1,205,585$1,147,815$1,130,920$1,254,131
61$1,299,469$1,174,972$1,139,720$1,315,610
62$1,402,013$1,202,544$1,147,899$1,379,159
63$1,514,072$1,230,522$1,155,407$1,447,483
64$1,636,586$1,258,897$1,162,192$1,521,037
65$1,770,591$1,287,656$1,168,199$1,600,319
66$1,917,227$1,316,787$1,173,369$1,685,882
67$2,077,750$1,346,275$1,177,643$1,778,332
68$2,253,543$1,376,105$1,180,957$1,878,337
69$2,446,129$1,406,259$1,183,243$1,986,634
70$2,657,184$1,436,715$1,184,432$2,104,036
71$2,888,556$1,467,453$1,184,449$2,231,436
72$3,142,278$1,498,448$1,183,217$2,369,821
73$3,420,591$1,529,673$1,180,656$2,520,278
74$3,725,963$1,561,098$1,176,679$2,684,005
75$4,061,111$1,592,692$1,171,199$2,862,321
76$4,429,031$1,624,420$1,164,120$3,056,681
77$4,833,019$1,656,244$1,155,345$3,268,690
78$5,276,709$1,688,122$1,144,771$3,500,115
79$5,764,104$1,720,011$1,132,291$3,752,905
80$6,299,611$1,751,860$1,117,792$4,029,208
81$6,888,089$1,783,618$1,101,155$4,331,392
82$7,534,888$1,815,229$1,082,258$4,662,067
83$8,245,903$1,846,632$1,060,970$5,024,110
84$9,027,629$1,877,761$1,037,156$5,420,693
85$9,887,221$1,908,545$1,010,675$5,855,312
86$10,832,563$1,938,910$981,378$6,331,820
87$11,872,341$1,968,772$949,110$6,854,467
88$13,016,124$1,998,046$913,710$7,427,936
89$14,274,456$2,026,638$875,006$8,057,389
90$15,658,954$2,054,447$832,823$8,748,517
91$17,182,419$2,081,367$786,975$9,507,594
92$18,858,955$2,107,283$737,267$10,341,534
93$20,704,101$2,132,073$683,498$11,257,961
94$22,734,980$2,155,605$625,457$12,265,278
95$24,970,460$2,177,741$562,921$13,372,746
96$27,431,328$2,198,332$495,660$14,590,578
97$30,140,492$2,217,219$423,433$15,930,027
98$33,123,193$2,234,233$345,989$17,403,499
99$36,407,243$2,249,195$263,064$19,024,671
100$40,023,289$2,261,913$174,383$20,808,617