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%13%
1 years$90,837$90,028$89,238$88,468$87,716$86,619
2 years$44,969$44,131$43,320$42,533$41,769$40,666
3 years$29,681$28,840$28,031$27,251$26,500$25,425
4 years$22,039$21,201$20,399$19,633$18,900$17,860
5 years$17,455$16,622$15,831$15,080$14,368$13,367
6 years$14,400$13,573$12,793$12,060$11,369$10,408
7 years$12,219$11,398$10,631$9,915$9,246$8,325
8 years$10,583$9,771$9,016$8,317$7,670$6,790
9 years$9,312$8,507$7,766$7,084$6,459$5,619
10 years$8,296$7,499$6,770$6,107$5,504$4,703
11 years$7,465$6,675$5,960$5,315$4,733$3,971
12 years$6,773$5,992$5,290$4,662$4,102$3,377
13 years$6,188$5,415$4,726$4,116$3,577$2,889
14 years$5,687$4,922$4,246$3,653$3,135$2,483
15 years$5,253$4,496$3,834$3,258$2,761$2,143
16 years$4,873$4,125$3,476$2,917$2,440$1,856
17 years$4,539$3,799$3,163$2,621$2,163$1,612
18 years$4,242$3,510$2,887$2,362$1,924$1,403
19 years$3,977$3,253$2,643$2,135$1,715$1,224
20 years$3,739$3,023$2,426$1,933$1,531$1,070
21 years$3,523$2,816$2,231$1,755$1,371$937
22 years$3,327$2,629$2,057$1,595$1,228$821
23 years$3,149$2,459$1,899$1,453$1,103$721
24 years$2,986$2,304$1,756$1,325$991$633
25 years$2,836$2,162$1,627$1,210$892$557
26 years$2,698$2,032$1,509$1,106$803$490
27 years$2,570$1,912$1,401$1,013$724$431
28 years$2,452$1,802$1,302$928$654$380
29 years$2,342$1,700$1,212$851$590$335
30 years$2,239$1,605$1,129$781$533$295
31 years$2,143$1,517$1,052$717$482$261
32 years$2,054$1,436$982$659$436$230
33 years$1,970$1,360$917$606$395$203
34 years$1,891$1,289$857$558$357$179
35 years$1,817$1,222$801$513$324$158
36 years$1,747$1,160$749$473$293$140
37 years$1,681$1,102$701$436$266$124
38 years$1,619$1,047$657$402$241$109
39 years$1,560$996$615$370$218$97
40 years$1,504$947$577$342$198$85
41 years$1,451$902$541$315$180$76
42 years$1,400$859$507$291$163$67
43 years$1,353$818$476$268$148$59
44 years$1,307$780$447$248$134$52
45 years$1,264$744$419$229$122$46
46 years$1,222$710$394$211$111$41
47 years$1,183$677$370$195$101$36
48 years$1,145$646$348$180$91$32
49 years$1,109$617$327$167$83$28
50 years$1,074$590$307$154$75$25

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 $3,384 every year, while hoping to spend $22,982 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: 63/12/25 Blend
59$1,100,000$1,100,000$1,100,000$1,100,000
60$1,215,691$1,157,391$1,140,341$1,284,059
61$1,315,238$1,189,650$1,154,089$1,362,978
62$1,424,170$1,222,720$1,167,528$1,446,301
63$1,543,418$1,256,616$1,180,623$1,536,802
64$1,674,009$1,291,353$1,193,337$1,635,189
65$1,817,076$1,326,947$1,205,631$1,742,238
66$1,973,863$1,363,413$1,217,466$1,858,805
67$2,145,743$1,400,766$1,228,797$1,985,835
68$2,334,228$1,439,022$1,239,580$2,124,367
69$2,540,980$1,478,196$1,249,767$2,275,545
70$2,767,834$1,518,302$1,259,309$2,440,632
71$3,016,809$1,559,354$1,268,152$2,621,018
72$3,290,129$1,601,368$1,276,240$2,818,235
73$3,590,245$1,644,357$1,283,516$3,033,969
74$3,919,854$1,688,336$1,289,919$3,270,082
75$4,281,931$1,733,316$1,295,383$3,528,622
76$4,679,751$1,779,311$1,299,841$3,811,847
77$5,116,922$1,826,334$1,303,222$4,122,247
78$5,597,419$1,874,395$1,305,451$4,462,562
79$6,125,622$1,923,507$1,306,450$4,835,815
80$6,706,356$1,973,678$1,306,136$5,245,335
81$7,344,935$2,024,920$1,304,423$5,694,792
82$8,047,218$2,077,240$1,301,220$6,188,230
83$8,819,656$2,130,647$1,296,433$6,730,105
84$9,669,359$2,185,147$1,289,961$7,325,327
85$10,604,160$2,240,745$1,281,701$7,979,310
86$11,632,688$2,297,446$1,271,543$8,698,016
87$12,764,455$2,355,253$1,259,372$9,488,020
88$14,009,936$2,414,167$1,245,067$10,356,563
89$15,380,677$2,474,189$1,228,504$11,311,630
90$16,889,398$2,535,316$1,209,551$12,362,016
91$18,550,115$2,597,544$1,188,069$13,517,417
92$20,378,272$2,660,869$1,163,915$14,788,517
93$22,390,886$2,725,283$1,136,937$16,187,091
94$24,606,709$2,790,774$1,106,977$17,726,114
95$27,046,403$2,857,331$1,073,870$19,419,889
96$29,732,734$2,924,939$1,037,443$21,284,173
97$32,690,790$2,993,578$997,515$23,336,336
98$35,948,216$3,063,229$953,896$25,595,519
99$39,535,472$3,133,865$906,390$28,082,816
100$43,486,126$3,205,460$854,790$30,821,473