Can I retire at age 60 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$90,837$90,028$89,238$88,468$87,716$84,976
2 years$44,969$44,131$43,320$42,533$41,769$39,033
3 years$29,681$28,840$28,031$27,251$26,500$23,854
4 years$22,039$21,201$20,399$19,633$18,900$16,364
5 years$17,455$16,622$15,831$15,080$14,368$11,948
6 years$14,400$13,573$12,793$12,060$11,369$9,068
7 years$12,219$11,398$10,631$9,915$9,246$7,064
8 years$10,583$9,771$9,016$8,317$7,670$5,606
9 years$9,312$8,507$7,766$7,084$6,459$4,510
10 years$8,296$7,499$6,770$6,107$5,504$3,666
11 years$7,465$6,675$5,960$5,315$4,733$3,005
12 years$6,773$5,992$5,290$4,662$4,102$2,479
13 years$6,188$5,415$4,726$4,116$3,577$2,055
14 years$5,687$4,922$4,246$3,653$3,135$1,711
15 years$5,253$4,496$3,834$3,258$2,761$1,429
16 years$4,873$4,125$3,476$2,917$2,440$1,197
17 years$4,539$3,799$3,163$2,621$2,163$1,005
18 years$4,242$3,510$2,887$2,362$1,924$845
19 years$3,977$3,253$2,643$2,135$1,715$712
20 years$3,739$3,023$2,426$1,933$1,531$601
21 years$3,523$2,816$2,231$1,755$1,371$507
22 years$3,327$2,629$2,057$1,595$1,228$429
23 years$3,149$2,459$1,899$1,453$1,103$363
24 years$2,986$2,304$1,756$1,325$991$307
25 years$2,836$2,162$1,627$1,210$892$260
26 years$2,698$2,032$1,509$1,106$803$220
27 years$2,570$1,912$1,401$1,013$724$187
28 years$2,452$1,802$1,302$928$654$159
29 years$2,342$1,700$1,212$851$590$134
30 years$2,239$1,605$1,129$781$533$114
31 years$2,143$1,517$1,052$717$482$97
32 years$2,054$1,436$982$659$436$82
33 years$1,970$1,360$917$606$395$70
34 years$1,891$1,289$857$558$357$59
35 years$1,817$1,222$801$513$324$50
36 years$1,747$1,160$749$473$293$43
37 years$1,681$1,102$701$436$266$36
38 years$1,619$1,047$657$402$241$31
39 years$1,560$996$615$370$218$26
40 years$1,504$947$577$342$198$22
41 years$1,451$902$541$315$180$19
42 years$1,400$859$507$291$163$16
43 years$1,353$818$476$268$148$14
44 years$1,307$780$447$248$134$12
45 years$1,264$744$419$229$122$10
46 years$1,222$710$394$211$111$8
47 years$1,183$677$370$195$101$7
48 years$1,145$646$348$180$91$6
49 years$1,109$617$327$167$83$5
50 years$1,074$590$307$154$75$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,100,000, adding $5,434 every year, while hoping to spend $45,386 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: 68/25/7 Blend
59$1,100,000$1,100,000$1,100,000$1,100,000
60$1,217,805$1,159,505$1,142,455$1,298,835
61$1,293,731$1,168,031$1,132,437$1,361,767
62$1,375,880$1,175,453$1,120,562$1,424,541
63$1,464,839$1,181,669$1,106,720$1,491,964
64$1,561,254$1,186,572$1,090,797$1,564,483
65$1,665,833$1,190,045$1,072,670$1,642,590
66$1,779,358$1,191,967$1,052,214$1,726,829
67$1,902,685$1,192,207$1,029,296$1,817,800
68$2,036,760$1,190,626$1,003,778$1,916,163
69$2,182,620$1,187,077$975,516$2,022,649
70$2,341,409$1,181,405$944,357$2,138,061
71$2,514,383$1,173,445$910,143$2,263,287
72$2,702,926$1,163,020$872,709$2,399,305
73$2,908,561$1,149,944$831,882$2,547,197
74$3,132,964$1,134,021$787,479$2,708,153
75$3,377,980$1,115,041$739,313$2,883,487
76$3,645,639$1,092,783$687,185$3,074,648
77$3,938,176$1,067,012$630,888$3,283,236
78$4,258,055$1,037,480$570,207$3,511,015
79$4,607,983$1,003,923$504,916$3,759,930
80$4,990,946$966,064$434,779$4,032,128
81$5,410,229$923,608$359,551$4,329,976
82$5,869,450$876,243$278,974$4,656,084
83$6,372,595$823,639$192,780$5,013,334
84$6,924,050$765,448$100,689$5,404,903
85$7,528,650$701,302$2,408$5,834,294
86$8,191,717$630,810$0$6,305,372
87$8,919,113$553,561$0$6,830,054
88$9,717,297$469,120$0$7,406,076
89$10,593,382$377,027$0$8,038,468
90$11,555,202$276,797$0$8,732,974
91$12,611,389$167,916$0$9,495,928
92$13,771,450$49,843$0$10,334,311
93$15,045,858$0$0$11,255,823
94$16,446,152$0$0$12,290,407
95$17,985,044$0$0$13,442,529
96$19,676,535$0$0$14,708,971
97$21,536,055$0$0$16,101,292
98$23,580,600$0$0$17,632,228
99$25,828,897$0$0$19,315,811
100$28,301,577$0$0$21,167,499