Can I retire at age 60 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$105,701$104,760$103,841$102,944$102,069$99,239
2 years$52,327$51,353$50,408$49,493$48,604$45,775
3 years$34,538$33,560$32,618$31,710$30,837$28,095
4 years$25,646$24,670$23,737$22,846$21,993$19,361
5 years$20,311$19,341$18,421$17,548$16,719$14,204
6 years$16,756$15,794$14,887$14,033$13,229$10,833
7 years$14,218$13,264$12,371$11,537$10,759$8,482
8 years$12,315$11,369$10,492$9,678$8,925$6,767
9 years$10,836$9,899$9,036$8,244$7,516$5,474
10 years$9,653$8,726$7,878$7,106$6,404$4,475
11 years$8,686$7,768$6,936$6,185$5,508$3,689
12 years$7,881$6,972$6,155$5,425$4,773$3,061
13 years$7,200$6,301$5,499$4,789$4,162$2,553
14 years$6,617$5,727$4,941$4,251$3,649$2,139
15 years$6,112$5,232$4,461$3,791$3,212$1,798
16 years$5,671$4,800$4,045$3,395$2,839$1,516
17 years$5,282$4,421$3,681$3,050$2,517$1,281
18 years$4,936$4,085$3,360$2,749$2,238$1,085
19 years$4,628$3,786$3,076$2,484$1,995$920
20 years$4,350$3,518$2,823$2,250$1,782$782
21 years$4,100$3,277$2,596$2,042$1,595$665
22 years$3,872$3,059$2,393$1,856$1,429$566
23 years$3,664$2,861$2,210$1,691$1,283$482
24 years$3,475$2,680$2,043$1,542$1,153$411
25 years$3,300$2,515$1,893$1,408$1,038$351
26 years$3,139$2,364$1,755$1,288$935$299
27 years$2,991$2,225$1,630$1,179$843$256
28 years$2,853$2,097$1,515$1,080$761$218
29 years$2,725$1,978$1,410$990$687$187
30 years$2,606$1,868$1,313$909$621$160
31 years$2,494$1,766$1,225$835$561$136
32 years$2,390$1,671$1,142$767$507$117
33 years$2,292$1,582$1,067$705$459$100
34 years$2,201$1,500$997$649$416$85
35 years$2,114$1,422$932$597$377$73
36 years$2,033$1,350$872$550$341$62
37 years$1,956$1,282$816$507$309$53
38 years$1,884$1,219$764$467$280$46
39 years$1,815$1,159$716$431$254$39
40 years$1,750$1,102$671$397$231$34
41 years$1,688$1,049$629$367$209$29
42 years$1,630$999$590$338$190$25
43 years$1,574$952$554$312$172$21
44 years$1,521$908$520$288$156$18
45 years$1,470$866$488$266$142$15
46 years$1,422$826$458$246$129$13
47 years$1,376$788$431$227$117$11
48 years$1,332$752$405$210$106$10
49 years$1,290$718$380$194$97$8
50 years$1,250$686$358$179$88$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,280,000, adding $4,867 every year, while hoping to spend $25,224 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: 63/22/15 Blend
59$1,280,000$1,280,000$1,280,000$1,280,000
60$1,415,580$1,347,740$1,327,900$1,499,268
61$1,533,131$1,386,941$1,345,547$1,595,212
62$1,661,827$1,427,218$1,362,939$1,696,620
63$1,802,778$1,468,596$1,380,042$1,806,747
64$1,957,206$1,511,102$1,396,818$1,926,442
65$2,126,458$1,554,763$1,413,229$2,056,642
66$2,312,017$1,599,607$1,429,232$2,198,374
67$2,515,516$1,645,660$1,444,784$2,352,773
68$2,738,753$1,692,952$1,459,839$2,521,087
69$2,983,710$1,741,511$1,474,348$2,704,691
70$3,252,569$1,791,366$1,488,259$2,905,098
71$3,547,734$1,842,546$1,501,519$3,123,976
72$3,871,853$1,895,081$1,514,070$3,363,161
73$4,227,843$1,949,001$1,525,852$3,624,676
74$4,618,918$2,004,336$1,536,803$3,910,749
75$5,048,617$2,061,118$1,546,855$4,223,836
76$5,520,840$2,119,377$1,555,939$4,566,639
77$6,039,884$2,179,145$1,563,981$4,942,138
78$6,610,482$2,240,453$1,570,904$5,353,615
79$7,237,848$2,303,332$1,576,627$5,804,683
80$7,927,728$2,367,815$1,581,063$6,299,327
81$8,686,452$2,433,934$1,584,125$6,841,934
82$9,520,994$2,501,720$1,585,717$7,437,340
83$10,439,038$2,571,207$1,585,741$8,090,870
84$11,449,050$2,642,426$1,584,093$8,808,395
85$12,560,357$2,715,409$1,580,664$9,596,381
86$13,783,238$2,790,189$1,575,341$10,461,954
87$15,129,018$2,866,798$1,568,005$11,412,964
88$16,610,174$2,945,266$1,558,528$12,458,063
89$18,240,454$3,025,627$1,546,782$13,606,782
90$20,035,008$3,107,911$1,532,627$14,869,626
91$22,010,529$3,192,148$1,515,920$16,258,167
92$24,185,409$3,278,370$1,496,509$17,785,160
93$26,579,916$3,366,605$1,474,237$19,464,658
94$29,216,381$3,456,883$1,448,939$21,312,146
95$32,119,414$3,549,232$1,420,440$23,344,688
96$35,316,129$3,643,679$1,388,560$25,581,088
97$38,836,406$3,740,251$1,353,108$28,042,067
98$42,713,170$3,838,974$1,313,887$30,750,459
99$46,982,700$3,939,870$1,270,689$33,731,424
100$51,684,974$4,042,963$1,223,297$37,012,690