Can I retire at age 60 with 1,140,000?

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 $1,140,000?

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$94,140$93,302$92,483$91,685$90,905$89,070
2 years$46,604$45,736$44,895$44,079$43,288$41,447
3 years$30,761$29,889$29,050$28,242$27,464$25,674
4 years$22,841$21,972$21,141$20,347$19,587$17,864
5 years$18,090$17,226$16,406$15,628$14,890$13,237
6 years$14,924$14,066$13,259$12,498$11,782$10,201
7 years$12,663$11,813$11,018$10,275$9,582$8,073
8 years$10,968$10,126$9,344$8,620$7,949$6,513
9 years$9,651$8,816$8,048$7,342$6,694$5,329
10 years$8,597$7,771$7,017$6,329$5,704$4,408
11 years$7,736$6,918$6,177$5,508$4,906$3,678
12 years$7,019$6,209$5,482$4,831$4,251$3,090
13 years$6,413$5,612$4,898$4,265$3,707$2,611
14 years$5,893$5,101$4,401$3,786$3,250$2,216
15 years$5,444$4,660$3,973$3,377$2,861$1,887
16 years$5,051$4,275$3,602$3,023$2,529$1,613
17 years$4,704$3,937$3,278$2,717$2,242$1,382
18 years$4,397$3,638$2,992$2,448$1,994$1,187
19 years$4,122$3,372$2,739$2,212$1,777$1,021
20 years$3,874$3,133$2,514$2,004$1,587$880
21 years$3,651$2,918$2,313$1,818$1,420$759
22 years$3,448$2,724$2,131$1,653$1,273$656
23 years$3,264$2,548$1,968$1,506$1,143$567
24 years$3,094$2,387$1,820$1,373$1,027$491
25 years$2,939$2,240$1,686$1,254$924$425
26 years$2,796$2,106$1,563$1,147$833$369
27 years$2,664$1,982$1,452$1,050$751$320
28 years$2,541$1,867$1,350$962$677$277
29 years$2,427$1,762$1,256$882$612$241
30 years$2,321$1,664$1,170$809$553$209
31 years$2,221$1,573$1,091$743$500$182
32 years$2,129$1,488$1,018$683$452$158
33 years$2,042$1,409$950$628$409$137
34 years$1,960$1,336$888$578$370$119
35 years$1,883$1,267$830$532$335$104
36 years$1,811$1,202$776$490$304$90
37 years$1,742$1,142$727$451$275$78
38 years$1,678$1,085$681$416$250$68
39 years$1,616$1,032$638$384$226$59
40 years$1,559$982$598$354$205$51
41 years$1,504$935$560$327$186$45
42 years$1,451$890$526$301$169$39
43 years$1,402$848$493$278$153$34
44 years$1,354$808$463$257$139$29
45 years$1,309$771$435$237$126$26
46 years$1,267$735$408$219$115$22
47 years$1,226$702$384$202$104$19
48 years$1,186$670$360$187$95$17
49 years$1,149$640$339$173$86$15
50 years$1,113$611$319$160$78$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,140,000, adding $6,783 every year, while hoping to spend $48,159 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: 65/29/6 Blend
59$1,140,000$1,140,000$1,140,000$1,140,000
60$1,263,277$1,202,857$1,185,187$1,343,722
61$1,340,890$1,210,556$1,173,650$1,405,749
62$1,424,806$1,217,018$1,160,112$1,467,118
63$1,515,616$1,222,132$1,144,456$1,532,888
64$1,613,972$1,225,780$1,126,558$1,603,481
65$1,720,589$1,227,834$1,106,289$1,679,365
66$1,836,253$1,228,162$1,083,514$1,761,053
67$1,961,830$1,226,621$1,058,091$1,849,114
68$2,098,271$1,223,061$1,029,872$1,944,175
69$2,246,625$1,217,320$998,702$2,046,927
70$2,408,041$1,209,230$964,420$2,158,133
71$2,583,789$1,198,609$926,855$2,278,637
72$2,775,261$1,185,267$885,831$2,409,368
73$2,983,994$1,169,001$841,162$2,551,352
74$3,211,675$1,149,596$792,655$2,705,722
75$3,460,164$1,126,825$740,107$2,873,729
76$3,731,508$1,100,446$683,307$3,056,751
77$4,027,958$1,070,205$622,035$3,256,311
78$4,351,995$1,035,830$556,058$3,474,089
79$4,706,350$997,036$485,137$3,711,940
80$5,094,027$953,521$409,019$3,971,908
81$5,518,338$904,964$327,441$4,256,252
82$5,982,928$851,026$240,130$4,567,462
83$6,491,809$791,349$146,797$4,908,288
84$7,049,404$725,555$47,144$5,281,762
85$7,660,579$653,243$0$5,691,229
86$8,330,696$573,990$0$6,144,173
87$9,065,660$487,349$0$6,644,342
88$9,871,975$392,847$0$7,193,232
89$10,756,806$289,986$0$7,795,821
90$11,728,043$178,238$0$8,457,602
91$12,794,378$57,046$0$9,184,632
92$13,965,387$0$0$9,983,590
93$15,251,617$0$0$10,885,515
94$16,664,688$0$0$11,896,462
95$18,217,401$0$0$13,007,396
96$19,923,857$0$0$14,228,416
97$21,799,593$0$0$15,570,650
98$23,861,723$0$0$17,046,356
99$26,129,107$0$0$18,669,040
100$28,622,518$0$0$20,453,582