Can I retire at age 60 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$104,050$103,123$102,219$101,336$100,474$97,064
2 years$51,510$50,550$49,621$48,719$47,845$44,443
3 years$33,999$33,035$32,108$31,215$30,355$27,069
4 years$25,245$24,284$23,366$22,489$21,649$18,504
5 years$19,994$19,039$18,133$17,273$16,457$13,461
6 years$16,495$15,547$14,654$13,814$13,022$10,177
7 years$13,996$13,056$12,178$11,357$10,591$7,896
8 years$12,123$11,192$10,328$9,527$8,786$6,240
9 years$10,667$9,744$8,895$8,115$7,399$4,999
10 years$9,502$8,589$7,755$6,995$6,304$4,046
11 years$8,551$7,646$6,827$6,088$5,422$3,301
12 years$7,758$6,863$6,059$5,340$4,699$2,710
13 years$7,088$6,202$5,414$4,714$4,097$2,236
14 years$6,514$5,638$4,864$4,185$3,592$1,853
15 years$6,017$5,150$4,392$3,732$3,162$1,540
16 years$5,582$4,725$3,982$3,342$2,795$1,283
17 years$5,199$4,352$3,623$3,003$2,478$1,072
18 years$4,859$4,021$3,307$2,706$2,203$897
19 years$4,555$3,727$3,028$2,445$1,964$752
20 years$4,282$3,463$2,779$2,214$1,754$631
21 years$4,036$3,226$2,556$2,010$1,570$530
22 years$3,811$3,011$2,356$1,827$1,407$445
23 years$3,607$2,816$2,175$1,664$1,263$375
24 years$3,420$2,639$2,012$1,518$1,135$316
25 years$3,248$2,476$1,863$1,386$1,022$266
26 years$3,090$2,327$1,728$1,267$920$224
27 years$2,944$2,190$1,605$1,160$830$189
28 years$2,808$2,064$1,492$1,063$749$159
29 years$2,682$1,947$1,388$975$676$134
30 years$2,565$1,839$1,293$895$611$113
31 years$2,455$1,738$1,205$822$552$96
32 years$2,353$1,645$1,125$755$500$81
33 years$2,256$1,558$1,050$694$452$68
34 years$2,166$1,476$981$639$409$57
35 years$2,081$1,400$917$588$371$49
36 years$2,001$1,329$858$542$336$41
37 years$1,926$1,262$803$499$304$35
38 years$1,854$1,200$752$460$276$29
39 years$1,787$1,141$705$424$250$25
40 years$1,723$1,085$660$391$227$21
41 years$1,662$1,033$619$361$206$18
42 years$1,604$984$581$333$187$15
43 years$1,549$937$545$307$170$13
44 years$1,497$894$512$284$154$11
45 years$1,447$852$480$262$140$9
46 years$1,400$813$451$242$127$8
47 years$1,355$776$424$224$115$6
48 years$1,311$740$398$207$105$5
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,260,000, adding $3,093 every year, while hoping to spend $23,232 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: 35/42/23 Blend
59$1,260,000$1,260,000$1,260,000$1,260,000
60$1,391,710$1,324,930$1,305,400$1,430,617
61$1,508,946$1,365,133$1,324,413$1,499,852
62$1,637,361$1,406,528$1,343,283$1,572,155
63$1,778,072$1,449,147$1,361,983$1,649,700
64$1,932,306$1,493,026$1,380,480$1,732,971
65$2,101,418$1,538,201$1,398,743$1,822,496
66$2,286,898$1,584,708$1,416,736$1,918,859
67$2,490,387$1,632,584$1,434,422$2,022,701
68$2,713,694$1,681,869$1,451,763$2,134,726
69$2,958,812$1,732,601$1,468,718$2,255,711
70$3,227,933$1,784,821$1,485,242$2,386,510
71$3,523,475$1,838,570$1,501,291$2,528,063
72$3,848,101$1,893,892$1,516,816$2,681,403
73$4,204,744$1,950,829$1,531,765$2,847,669
74$4,596,634$2,009,426$1,546,086$3,028,114
75$5,027,332$2,069,729$1,559,721$3,224,118
76$5,500,759$2,131,785$1,572,611$3,437,201
77$6,021,236$2,195,642$1,584,693$3,669,034
78$6,593,522$2,261,349$1,595,901$3,921,460
79$7,222,863$2,328,956$1,606,164$4,196,507
80$7,915,036$2,398,515$1,615,411$4,496,410
81$8,676,406$2,470,079$1,623,565$4,823,628
82$9,513,988$2,543,702$1,630,543$5,180,871
83$10,435,511$2,619,439$1,636,262$5,571,126
84$11,449,488$2,697,347$1,640,632$5,997,679
85$12,565,302$2,777,483$1,643,559$6,464,152
86$13,793,290$2,859,907$1,644,945$6,974,535
87$15,144,842$2,944,678$1,644,687$7,533,224
88$16,632,508$3,031,860$1,642,676$8,145,061
89$18,270,117$3,121,514$1,638,799$8,815,381
90$20,072,907$3,213,706$1,632,937$9,550,060
91$22,057,667$3,308,502$1,624,964$10,355,575
92$24,242,899$3,405,968$1,614,750$11,239,058
93$26,648,988$3,506,174$1,602,158$12,208,372
94$29,298,397$3,609,189$1,587,042$13,272,177
95$32,215,879$3,715,085$1,569,254$14,440,016
96$35,428,709$3,823,934$1,548,635$15,722,403
97$38,966,943$3,935,812$1,525,019$17,130,925
98$42,863,698$4,050,794$1,498,234$18,678,348
99$47,155,469$4,168,957$1,468,099$20,378,738
100$51,882,471$4,290,380$1,434,424$22,247,596