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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$104,050$103,123$102,219$101,336$100,474$97,886
2 years$51,510$50,550$49,621$48,719$47,845$45,255
3 years$33,999$33,035$32,108$31,215$30,355$27,844
4 years$25,245$24,284$23,366$22,489$21,649$19,236
5 years$19,994$19,039$18,133$17,273$16,457$14,149
6 years$16,495$15,547$14,654$13,814$13,022$10,821
7 years$13,996$13,056$12,178$11,357$10,591$8,497
8 years$12,123$11,192$10,328$9,527$8,786$6,799
9 years$10,667$9,744$8,895$8,115$7,399$5,516
10 years$9,502$8,589$7,755$6,995$6,304$4,524
11 years$8,551$7,646$6,827$6,088$5,422$3,741
12 years$7,758$6,863$6,059$5,340$4,699$3,115
13 years$7,088$6,202$5,414$4,714$4,097$2,607
14 years$6,514$5,638$4,864$4,185$3,592$2,191
15 years$6,017$5,150$4,392$3,732$3,162$1,849
16 years$5,582$4,725$3,982$3,342$2,795$1,564
17 years$5,199$4,352$3,623$3,003$2,478$1,327
18 years$4,859$4,021$3,307$2,706$2,203$1,128
19 years$4,555$3,727$3,028$2,445$1,964$960
20 years$4,282$3,463$2,779$2,214$1,754$819
21 years$4,036$3,226$2,556$2,010$1,570$699
22 years$3,811$3,011$2,356$1,827$1,407$597
23 years$3,607$2,816$2,175$1,664$1,263$511
24 years$3,420$2,639$2,012$1,518$1,135$437
25 years$3,248$2,476$1,863$1,386$1,022$375
26 years$3,090$2,327$1,728$1,267$920$321
27 years$2,944$2,190$1,605$1,160$830$275
28 years$2,808$2,064$1,492$1,063$749$236
29 years$2,682$1,947$1,388$975$676$203
30 years$2,565$1,839$1,293$895$611$174
31 years$2,455$1,738$1,205$822$552$149
32 years$2,353$1,645$1,125$755$500$128
33 years$2,256$1,558$1,050$694$452$110
34 years$2,166$1,476$981$639$409$95
35 years$2,081$1,400$917$588$371$81
36 years$2,001$1,329$858$542$336$70
37 years$1,926$1,262$803$499$304$60
38 years$1,854$1,200$752$460$276$52
39 years$1,787$1,141$705$424$250$44
40 years$1,723$1,085$660$391$227$38
41 years$1,662$1,033$619$361$206$33
42 years$1,604$984$581$333$187$28
43 years$1,549$937$545$307$170$24
44 years$1,497$894$512$284$154$21
45 years$1,447$852$480$262$140$18
46 years$1,400$813$451$242$127$15
47 years$1,355$776$424$224$115$13
48 years$1,311$740$398$207$105$11
49 years$1,270$707$374$191$95$10
50 years$1,230$675$352$177$86$8

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 $6,216 every year, while hoping to spend $22,532 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: 32/46/22 Blend
59$1,260,000$1,260,000$1,260,000$1,260,000
60$1,394,932$1,328,152$1,308,622$1,429,935
61$1,513,241$1,369,257$1,328,487$1,497,908
62$1,642,863$1,411,622$1,348,262$1,568,604
63$1,784,926$1,455,283$1,367,921$1,644,289
64$1,940,677$1,500,281$1,387,435$1,725,413
65$2,111,486$1,546,654$1,406,773$1,812,473
66$2,298,863$1,594,445$1,425,905$1,906,013
67$2,504,469$1,643,696$1,444,796$2,006,634
68$2,730,139$1,694,450$1,463,410$2,114,995
69$2,977,888$1,746,753$1,481,709$2,231,819
70$3,249,939$1,800,651$1,499,653$2,357,903
71$3,548,742$1,856,192$1,517,200$2,494,126
72$3,876,993$1,913,424$1,534,306$2,641,451
73$4,237,663$1,972,399$1,550,922$2,800,940
74$4,634,026$2,033,168$1,566,999$2,973,760
75$5,069,687$2,095,784$1,582,484$3,161,198
76$5,548,621$2,160,303$1,597,323$3,364,669
77$6,075,203$2,226,780$1,611,456$3,585,730
78$6,654,256$2,295,275$1,624,822$3,826,095
79$7,291,093$2,365,846$1,637,356$4,087,652
80$7,991,567$2,438,555$1,648,991$4,372,481
81$8,762,129$2,513,466$1,659,654$4,682,869
82$9,609,883$2,590,644$1,669,270$5,021,337
83$10,542,661$2,670,154$1,677,759$5,390,659
84$11,569,087$2,752,067$1,685,039$5,793,893
85$12,698,668$2,836,452$1,691,022$6,234,404
86$13,941,876$2,923,383$1,695,615$6,715,900
87$15,310,252$3,012,933$1,698,723$7,242,465
88$16,816,511$3,105,180$1,700,243$7,818,596
89$18,474,663$3,200,202$1,700,070$8,449,249
90$20,300,147$3,298,080$1,698,091$9,139,881
91$22,309,975$3,398,899$1,694,189$9,896,504
92$24,522,890$3,502,742$1,688,242$10,725,743
93$26,959,547$3,609,699$1,680,121$11,634,893
94$29,642,706$3,719,859$1,669,690$12,631,995
95$32,597,445$3,833,316$1,656,808$13,725,904
96$35,851,401$3,950,164$1,641,327$14,926,379
97$39,435,023$4,070,502$1,623,091$16,244,169
98$43,381,869$4,194,430$1,601,938$17,691,120
99$47,728,914$4,322,052$1,577,698$19,280,281
100$52,516,904$4,453,473$1,550,191$21,026,033