Can I retire at age 60 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$91,663$90,846$90,050$89,272$88,513$86,726
2 years$45,378$44,532$43,713$42,919$42,149$40,356
3 years$29,951$29,102$28,285$27,499$26,741$24,999
4 years$22,240$21,393$20,585$19,811$19,072$17,393
5 years$17,614$16,773$15,974$15,217$14,498$12,888
6 years$14,531$13,696$12,910$12,169$11,472$9,932
7 years$12,330$11,502$10,728$10,005$9,330$7,861
8 years$10,680$9,859$9,098$8,393$7,740$6,341
9 years$9,397$8,584$7,836$7,149$6,518$5,189
10 years$8,371$7,567$6,832$6,162$5,554$4,292
11 years$7,533$6,736$6,015$5,363$4,776$3,581
12 years$6,834$6,046$5,338$4,704$4,139$3,009
13 years$6,244$5,464$4,769$4,153$3,609$2,542
14 years$5,738$4,966$4,285$3,687$3,164$2,157
15 years$5,300$4,537$3,869$3,288$2,786$1,838
16 years$4,918$4,163$3,508$2,944$2,462$1,570
17 years$4,580$3,834$3,192$2,645$2,183$1,346
18 years$4,281$3,542$2,914$2,384$1,941$1,155
19 years$4,013$3,283$2,667$2,154$1,730$994
20 years$3,773$3,051$2,448$1,951$1,545$857
21 years$3,555$2,842$2,252$1,770$1,383$739
22 years$3,358$2,653$2,075$1,610$1,240$639
23 years$3,178$2,481$1,916$1,466$1,113$552
24 years$3,013$2,324$1,772$1,337$1,000$478
25 years$2,862$2,181$1,641$1,221$900$414
26 years$2,722$2,050$1,522$1,117$811$359
27 years$2,593$1,929$1,414$1,022$731$311
28 years$2,474$1,818$1,314$936$660$270
29 years$2,363$1,715$1,223$859$596$234
30 years$2,259$1,620$1,139$788$538$203
31 years$2,163$1,531$1,062$724$486$177
32 years$2,073$1,449$991$665$440$154
33 years$1,988$1,372$925$612$398$133
34 years$1,908$1,300$864$563$361$116
35 years$1,833$1,233$808$518$327$101
36 years$1,763$1,171$756$477$296$88
37 years$1,696$1,112$708$440$268$76
38 years$1,633$1,057$663$405$243$66
39 years$1,574$1,005$621$374$220$58
40 years$1,518$956$582$345$200$50
41 years$1,464$910$546$318$181$44
42 years$1,413$867$512$293$165$38
43 years$1,365$826$480$271$149$33
44 years$1,319$787$451$250$136$29
45 years$1,275$751$423$231$123$25
46 years$1,233$716$398$213$112$22
47 years$1,193$683$373$197$102$19
48 years$1,155$652$351$182$92$16
49 years$1,119$623$330$168$84$14
50 years$1,084$595$310$156$76$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,110,000, adding $3,525 every year, while hoping to spend $20,131 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: 75/10/15 Blend
59$1,110,000$1,110,000$1,110,000$1,110,000
60$1,226,856$1,168,026$1,150,821$1,314,614
61$1,330,576$1,203,840$1,167,954$1,408,917
62$1,444,201$1,240,734$1,184,987$1,509,397
63$1,568,720$1,278,740$1,201,894$1,618,980
64$1,705,221$1,317,891$1,218,650$1,738,565
65$1,854,905$1,358,219$1,235,226$1,869,143
66$2,019,094$1,399,760$1,251,594$2,011,806
67$2,199,241$1,442,548$1,267,723$2,167,755
68$2,396,951$1,486,620$1,283,579$2,338,313
69$2,613,989$1,532,014$1,299,128$2,524,940
70$2,852,301$1,578,767$1,314,333$2,729,241
71$3,114,028$1,626,919$1,329,155$2,952,984
72$3,401,531$1,676,510$1,343,554$3,198,119
73$3,717,410$1,727,582$1,357,487$3,466,793
74$4,064,530$1,780,178$1,370,907$3,761,370
75$4,446,047$1,834,342$1,383,767$4,084,457
76$4,865,437$1,890,118$1,396,016$4,438,922
77$5,326,530$1,947,552$1,407,601$4,827,930
78$5,833,547$2,006,693$1,418,467$5,254,963
79$6,391,136$2,067,588$1,428,553$5,723,861
80$7,004,421$2,130,288$1,437,797$6,238,852
81$7,679,043$2,194,844$1,446,136$6,804,598
82$8,421,223$2,261,309$1,453,499$7,426,232
83$9,237,811$2,329,737$1,459,814$8,109,411
84$10,136,357$2,400,182$1,465,006$8,860,368
85$11,125,176$2,472,703$1,468,996$9,685,973
86$12,213,436$2,547,356$1,471,698$10,593,792
87$13,411,232$2,624,203$1,473,026$11,592,165
88$14,729,693$2,703,304$1,472,888$12,690,279
89$16,181,078$2,784,722$1,471,186$13,898,260
90$17,778,897$2,868,522$1,467,819$15,227,265
91$19,538,034$2,954,769$1,462,681$16,689,586
92$21,474,892$3,043,532$1,455,660$18,298,770
93$23,607,546$3,134,880$1,446,639$20,069,745
94$25,955,910$3,228,883$1,435,495$22,018,958
95$28,541,929$3,325,615$1,422,101$24,164,536
96$31,389,786$3,425,150$1,406,321$26,526,452
97$34,526,126$3,527,564$1,388,015$29,126,716
98$37,980,313$3,632,937$1,367,035$31,989,580
99$41,784,700$3,741,346$1,343,227$35,141,771
100$45,974,943$3,852,876$1,316,428$38,612,742