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%16.7%
1 years$94,140$93,302$92,483$91,685$90,905$88,421
2 years$46,604$45,736$44,895$44,079$43,288$40,803
3 years$30,761$29,889$29,050$28,242$27,464$25,056
4 years$22,841$21,972$21,141$20,347$19,587$17,276
5 years$18,090$17,226$16,406$15,628$14,890$12,681
6 years$14,924$14,066$13,259$12,498$11,782$9,677
7 years$12,663$11,813$11,018$10,275$9,582$7,581
8 years$10,968$10,126$9,344$8,620$7,949$6,052
9 years$9,651$8,816$8,048$7,342$6,694$4,898
10 years$8,597$7,771$7,017$6,329$5,704$4,007
11 years$7,736$6,918$6,177$5,508$4,906$3,305
12 years$7,019$6,209$5,482$4,831$4,251$2,744
13 years$6,413$5,612$4,898$4,265$3,707$2,291
14 years$5,893$5,101$4,401$3,786$3,250$1,920
15 years$5,444$4,660$3,973$3,377$2,861$1,615
16 years$5,051$4,275$3,602$3,023$2,529$1,363
17 years$4,704$3,937$3,278$2,717$2,242$1,153
18 years$4,397$3,638$2,992$2,448$1,994$977
19 years$4,122$3,372$2,739$2,212$1,777$829
20 years$3,874$3,133$2,514$2,004$1,587$705
21 years$3,651$2,918$2,313$1,818$1,420$600
22 years$3,448$2,724$2,131$1,653$1,273$511
23 years$3,264$2,548$1,968$1,506$1,143$436
24 years$3,094$2,387$1,820$1,373$1,027$372
25 years$2,939$2,240$1,686$1,254$924$317
26 years$2,796$2,106$1,563$1,147$833$271
27 years$2,664$1,982$1,452$1,050$751$232
28 years$2,541$1,867$1,350$962$677$198
29 years$2,427$1,762$1,256$882$612$170
30 years$2,321$1,664$1,170$809$553$145
31 years$2,221$1,573$1,091$743$500$124
32 years$2,129$1,488$1,018$683$452$106
33 years$2,042$1,409$950$628$409$91
34 years$1,960$1,336$888$578$370$78
35 years$1,883$1,267$830$532$335$67
36 years$1,811$1,202$776$490$304$57
37 years$1,742$1,142$727$451$275$49
38 years$1,678$1,085$681$416$250$42
39 years$1,616$1,032$638$384$226$36
40 years$1,559$982$598$354$205$31
41 years$1,504$935$560$327$186$26
42 years$1,451$890$526$301$169$23
43 years$1,402$848$493$278$153$19
44 years$1,354$808$463$257$139$17
45 years$1,309$771$435$237$126$14
46 years$1,267$735$408$219$115$12
47 years$1,226$702$384$202$104$10
48 years$1,186$670$360$187$95$9
49 years$1,149$640$339$173$86$8
50 years$1,113$611$319$160$78$7

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 $4,087 every year, while hoping to spend $40,555 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: 75/16/9 Blend
59$1,140,000$1,140,000$1,140,000$1,140,000
60$1,260,496$1,200,076$1,182,406$1,352,834
61$1,345,916$1,215,729$1,178,866$1,429,869
62$1,438,690$1,230,791$1,173,849$1,508,727
63$1,539,525$1,245,188$1,167,261$1,593,993
64$1,649,199$1,258,844$1,159,007$1,686,289
65$1,768,568$1,271,678$1,148,984$1,786,300
66$1,898,573$1,283,602$1,137,087$1,894,778
67$2,040,252$1,294,523$1,123,204$2,012,557
68$2,194,745$1,304,342$1,107,218$2,140,549
69$2,363,308$1,312,954$1,089,009$2,279,765
70$2,547,322$1,320,245$1,068,447$2,431,316
71$2,748,308$1,326,096$1,045,400$2,596,427
72$2,967,942$1,330,381$1,019,727$2,776,447
73$3,208,067$1,332,964$991,282$2,972,865
74$3,470,712$1,333,702$959,912$3,187,319
75$3,758,112$1,332,441$925,457$3,421,617
76$4,072,729$1,329,021$887,750$3,677,750
77$4,417,273$1,323,268$846,615$3,957,913
78$4,794,728$1,315,001$801,869$4,264,525
79$5,208,380$1,304,026$753,322$4,600,252
80$5,661,850$1,290,138$700,773$4,968,033
81$6,159,123$1,273,119$644,013$5,371,107
82$6,704,590$1,252,739$582,824$5,813,044
83$7,303,088$1,228,753$516,979$6,297,780
84$7,959,944$1,200,902$446,238$6,829,652
85$8,681,025$1,168,914$370,354$7,413,441
86$9,472,795$1,132,496$289,066$8,054,415
87$10,342,374$1,091,342$202,104$8,758,384
88$11,297,606$1,045,128$109,185$9,531,750
89$12,347,132$993,509$10,012$10,381,569
90$13,500,470$936,121$0$11,315,619
91$14,768,107$872,581$0$12,351,675
92$16,161,597$802,480$0$13,491,609
93$17,693,667$725,389$0$14,744,906
94$19,378,342$640,854$0$16,123,081
95$21,231,071$548,395$0$17,638,822
96$23,268,877$447,503$0$19,306,113
97$25,510,515$337,642$0$21,140,365
98$27,976,649$218,248$0$23,158,561
99$30,690,046$88,721$0$25,379,420
100$33,675,792$0$0$27,823,568