Can I retire at age 60 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$104,875$103,941$103,030$102,140$101,272$97,678
2 years$51,919$50,952$50,014$49,106$48,225$44,643
3 years$34,269$33,297$32,363$31,463$30,596$27,138
4 years$25,445$24,477$23,552$22,667$21,821$18,514
5 years$20,153$19,190$18,277$17,410$16,588$13,440
6 years$16,625$15,670$14,771$13,923$13,126$10,139
7 years$14,107$13,160$12,274$11,447$10,675$7,848
8 years$12,219$11,281$10,410$9,603$8,856$6,188
9 years$10,751$9,822$8,966$8,179$7,458$4,945
10 years$9,578$8,657$7,817$7,051$6,354$3,992
11 years$8,618$7,707$6,882$6,136$5,465$3,249
12 years$7,819$6,918$6,107$5,382$4,736$2,660
13 years$7,144$6,251$5,456$4,752$4,130$2,189
14 years$6,565$5,682$4,903$4,218$3,620$1,809
15 years$6,064$5,191$4,426$3,762$3,187$1,499
16 years$5,627$4,763$4,013$3,368$2,817$1,246
17 years$5,241$4,386$3,652$3,026$2,498$1,037
18 years$4,898$4,053$3,334$2,727$2,221$865
19 years$4,592$3,756$3,052$2,464$1,980$723
20 years$4,316$3,491$2,801$2,232$1,768$605
21 years$4,068$3,251$2,576$2,026$1,582$507
22 years$3,842$3,035$2,374$1,842$1,418$425
23 years$3,636$2,839$2,192$1,677$1,273$356
24 years$3,447$2,660$2,028$1,530$1,144$299
25 years$3,274$2,496$1,878$1,397$1,030$251
26 years$3,115$2,346$1,742$1,277$928$211
27 years$2,967$2,208$1,617$1,169$836$177
28 years$2,831$2,080$1,503$1,071$755$149
29 years$2,704$1,962$1,399$982$681$125
30 years$2,585$1,853$1,303$902$616$105
31 years$2,475$1,752$1,215$828$557$88
32 years$2,371$1,658$1,134$761$503$74
33 years$2,274$1,570$1,058$700$456$63
34 years$2,183$1,488$989$644$413$53
35 years$2,098$1,411$925$593$374$44
36 years$2,017$1,339$865$546$339$37
37 years$1,941$1,272$810$503$307$31
38 years$1,869$1,209$758$464$278$26
39 years$1,801$1,150$710$427$252$22
40 years$1,736$1,094$666$394$229$19
41 years$1,675$1,041$624$364$208$16
42 years$1,617$992$586$336$188$13
43 years$1,562$945$549$310$171$11
44 years$1,509$901$516$286$155$9
45 years$1,459$859$484$264$141$8
46 years$1,411$819$455$244$128$7
47 years$1,365$782$427$226$116$6
48 years$1,322$746$402$208$105$5
49 years$1,280$713$377$193$96$4
50 years$1,240$681$355$178$87$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,270,000, adding $4,922 every year, while hoping to spend $54,257 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: 58/35/7 Blend
59$1,270,000$1,270,000$1,270,000$1,270,000
60$1,404,617$1,337,307$1,317,622$1,483,691
61$1,490,159$1,345,106$1,304,033$1,545,187
62$1,582,608$1,351,469$1,288,171$1,605,608
63$1,682,610$1,356,267$1,269,901$1,670,113
64$1,790,879$1,359,367$1,249,085$1,739,098
65$1,908,194$1,360,622$1,225,576$1,812,998
66$2,035,418$1,359,880$1,199,220$1,892,297
67$2,173,494$1,356,978$1,169,858$1,977,528
68$2,323,464$1,351,743$1,137,322$2,069,279
69$2,486,472$1,343,993$1,101,436$2,168,203
70$2,663,776$1,333,532$1,062,018$2,275,020
71$2,856,761$1,320,155$1,018,875$2,390,524
72$3,066,950$1,303,643$971,808$2,515,597
73$3,296,022$1,283,763$920,605$2,651,208
74$3,545,820$1,260,272$865,050$2,798,432
75$3,818,376$1,232,907$804,911$2,958,456
76$4,115,925$1,201,395$739,951$3,132,589
77$4,440,929$1,165,443$669,919$3,322,280
78$4,796,096$1,124,742$594,554$3,529,128
79$5,184,410$1,078,967$513,583$3,754,901
80$5,609,154$1,027,770$426,722$4,001,549
81$6,073,943$970,786$333,673$4,271,228
82$6,582,760$907,629$234,125$4,566,320
83$7,139,988$837,890$127,755$4,889,452
84$7,750,455$761,135$14,224$5,243,527
85$8,419,479$676,908$0$5,631,752
86$9,152,916$584,727$0$6,065,651
87$9,957,215$484,079$0$6,542,799
88$10,839,479$374,428$0$7,066,474
89$11,807,533$255,202$0$7,641,468
90$12,869,995$125,800$0$8,273,069
91$14,036,358$0$0$8,967,111
92$15,317,079$0$0$9,735,582
93$16,723,678$0$0$10,632,908
94$18,268,844$0$0$11,618,746
95$19,966,556$0$0$12,702,029
96$21,832,215$0$0$13,892,601
97$23,882,788$0$0$15,201,301
98$26,136,964$0$0$16,640,077
99$28,615,338$0$0$18,222,087
100$31,340,596$0$0$19,961,831