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%18.2%
1 years$90,837$90,028$89,238$88,468$87,716$84,806
2 years$44,969$44,131$43,320$42,533$41,769$38,866
3 years$29,681$28,840$28,031$27,251$26,500$23,695
4 years$22,039$21,201$20,399$19,633$18,900$16,214
5 years$17,455$16,622$15,831$15,080$14,368$11,807
6 years$14,400$13,573$12,793$12,060$11,369$8,937
7 years$12,219$11,398$10,631$9,915$9,246$6,942
8 years$10,583$9,771$9,016$8,317$7,670$5,493
9 years$9,312$8,507$7,766$7,084$6,459$4,405
10 years$8,296$7,499$6,770$6,107$5,504$3,570
11 years$7,465$6,675$5,960$5,315$4,733$2,917
12 years$6,773$5,992$5,290$4,662$4,102$2,398
13 years$6,188$5,415$4,726$4,116$3,577$1,981
14 years$5,687$4,922$4,246$3,653$3,135$1,644
15 years$5,253$4,496$3,834$3,258$2,761$1,368
16 years$4,873$4,125$3,476$2,917$2,440$1,142
17 years$4,539$3,799$3,163$2,621$2,163$955
18 years$4,242$3,510$2,887$2,362$1,924$800
19 years$3,977$3,253$2,643$2,135$1,715$672
20 years$3,739$3,023$2,426$1,933$1,531$565
21 years$3,523$2,816$2,231$1,755$1,371$475
22 years$3,327$2,629$2,057$1,595$1,228$400
23 years$3,149$2,459$1,899$1,453$1,103$337
24 years$2,986$2,304$1,756$1,325$991$284
25 years$2,836$2,162$1,627$1,210$892$240
26 years$2,698$2,032$1,509$1,106$803$202
27 years$2,570$1,912$1,401$1,013$724$171
28 years$2,452$1,802$1,302$928$654$144
29 years$2,342$1,700$1,212$851$590$122
30 years$2,239$1,605$1,129$781$533$103
31 years$2,143$1,517$1,052$717$482$87
32 years$2,054$1,436$982$659$436$74
33 years$1,970$1,360$917$606$395$62
34 years$1,891$1,289$857$558$357$53
35 years$1,817$1,222$801$513$324$44
36 years$1,747$1,160$749$473$293$38
37 years$1,681$1,102$701$436$266$32
38 years$1,619$1,047$657$402$241$27
39 years$1,560$996$615$370$218$23
40 years$1,504$947$577$342$198$19
41 years$1,451$902$541$315$180$16
42 years$1,400$859$507$291$163$14
43 years$1,353$818$476$268$148$12
44 years$1,307$780$447$248$134$10
45 years$1,264$744$419$229$122$8
46 years$1,222$710$394$211$111$7
47 years$1,183$677$370$195$101$6
48 years$1,145$646$348$180$91$5
49 years$1,109$617$327$167$83$4
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 $4,863 every year, while hoping to spend $59,989 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: 73/21/6 Blend
59$1,100,000$1,100,000$1,100,000$1,100,000
60$1,217,216$1,158,916$1,141,866$1,304,871
61$1,277,544$1,151,875$1,116,291$1,356,239
62$1,342,016$1,142,479$1,087,848$1,404,444
63$1,410,989$1,130,548$1,056,379$1,455,531
64$1,484,858$1,115,893$1,021,716$1,509,763
65$1,564,055$1,098,314$983,685$1,567,435
66$1,649,055$1,077,597$942,104$1,628,869
67$1,740,376$1,053,517$896,783$1,694,422
68$1,838,591$1,025,835$847,521$1,764,489
69$1,944,325$994,299$794,111$1,839,506
70$2,058,267$958,641$736,335$1,919,954
71$2,181,174$918,578$673,965$2,006,365
72$2,313,875$873,810$606,765$2,099,326
73$2,457,284$824,020$534,485$2,199,488
74$2,612,404$768,874$456,867$2,307,567
75$2,780,336$708,016$373,640$2,424,356
76$2,962,294$641,073$284,520$2,550,730
77$3,159,611$567,647$189,214$2,687,656
78$3,373,751$487,322$87,412$2,836,202
79$3,606,327$399,654$0$2,997,548
80$3,859,112$304,177$0$3,174,356
81$4,134,057$200,397$0$3,372,766
82$4,433,307$87,793$0$3,588,788
83$4,759,225$0$0$3,824,201
84$5,114,408$0$0$4,088,866
85$5,501,717$0$0$4,399,639
86$5,924,300$0$0$4,738,762
87$6,385,620$0$0$5,109,022
88$6,889,491$0$0$5,513,485
89$7,440,112$0$0$5,955,530
90$8,042,106$0$0$6,438,873
91$8,700,560$0$0$6,967,606
92$9,421,079$0$0$7,546,238
93$10,209,832$0$0$8,179,730
94$11,073,614$0$0$8,873,547
95$12,019,906$0$0$9,633,707
96$13,056,949$0$0$10,466,838
97$14,193,817$0$0$11,380,239
98$15,440,505$0$0$12,381,949
99$16,808,021$0$0$13,480,823
100$18,308,490$0$0$14,686,613