Can I retire at age 60 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$106,527$105,578$104,652$103,749$102,866$99,256
2 years$52,736$51,754$50,802$49,879$48,984$45,385
3 years$34,808$33,822$32,872$31,958$31,077$27,602
4 years$25,846$24,863$23,923$23,024$22,165$18,840
5 years$20,470$19,493$18,565$17,685$16,849$13,684
6 years$16,887$15,917$15,003$14,143$13,332$10,328
7 years$14,329$13,367$12,468$11,627$10,843$8,000
8 years$12,411$11,458$10,574$9,754$8,995$6,311
9 years$10,921$9,976$9,107$8,308$7,575$5,047
10 years$9,729$8,794$7,940$7,162$6,454$4,077
11 years$8,754$7,829$6,990$6,233$5,551$3,320
12 years$7,943$7,026$6,203$5,467$4,810$2,720
13 years$7,256$6,350$5,542$4,827$4,195$2,240
14 years$6,669$5,772$4,980$4,284$3,677$1,852
15 years$6,160$5,273$4,496$3,821$3,238$1,536
16 years$5,715$4,838$4,076$3,421$2,861$1,277
17 years$5,323$4,455$3,709$3,074$2,537$1,065
18 years$4,975$4,117$3,386$2,770$2,256$889
19 years$4,664$3,815$3,100$2,503$2,011$743
20 years$4,384$3,545$2,845$2,267$1,796$622
21 years$4,132$3,302$2,617$2,058$1,607$521
22 years$3,902$3,083$2,412$1,871$1,441$437
23 years$3,693$2,883$2,227$1,704$1,293$367
24 years$3,502$2,701$2,059$1,554$1,162$308
25 years$3,326$2,535$1,907$1,419$1,046$259
26 years$3,164$2,383$1,769$1,298$942$218
27 years$3,014$2,242$1,643$1,188$849$183
28 years$2,875$2,113$1,527$1,088$766$154
29 years$2,746$1,993$1,421$998$692$130
30 years$2,626$1,882$1,324$916$625$109
31 years$2,514$1,780$1,234$841$565$92
32 years$2,409$1,684$1,151$773$511$77
33 years$2,310$1,595$1,075$711$463$65
34 years$2,218$1,511$1,004$654$419$55
35 years$2,131$1,433$939$602$380$46
36 years$2,049$1,361$879$555$344$39
37 years$1,971$1,292$822$511$312$33
38 years$1,898$1,228$770$471$283$28
39 years$1,829$1,168$721$434$256$23
40 years$1,764$1,111$676$400$232$20
41 years$1,701$1,058$634$370$211$16
42 years$1,642$1,007$595$341$191$14
43 years$1,586$960$558$315$174$12
44 years$1,533$915$524$291$158$10
45 years$1,482$872$492$268$143$8
46 years$1,433$832$462$248$130$7
47 years$1,387$794$434$229$118$6
48 years$1,342$758$408$212$107$5
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,290,000, adding $3,686 every year, while hoping to spend $29,129 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: 61/17/22 Blend
59$1,290,000$1,290,000$1,290,000$1,290,000
60$1,425,382$1,357,012$1,337,017$1,503,868
61$1,539,778$1,392,513$1,350,814$1,592,946
62$1,664,866$1,428,776$1,364,097$1,686,596
63$1,801,706$1,465,810$1,376,818$1,788,157
64$1,951,465$1,503,620$1,388,926$1,898,405
65$2,115,428$1,542,211$1,400,369$2,018,191
66$2,295,010$1,581,587$1,411,089$2,148,455
67$2,491,769$1,621,753$1,421,029$2,290,232
68$2,707,422$1,662,711$1,430,126$2,444,662
69$2,943,858$1,704,463$1,438,314$2,613,001
70$3,203,159$1,747,010$1,445,526$2,796,634
71$3,487,619$1,790,351$1,451,688$2,997,084
72$3,799,762$1,834,484$1,456,726$3,216,032
73$4,142,371$1,879,407$1,460,559$3,455,330
74$4,518,509$1,925,114$1,463,104$3,717,018
75$4,931,552$1,971,600$1,464,273$4,003,343
76$5,385,219$2,018,857$1,463,975$4,316,784
77$5,883,605$2,066,874$1,462,112$4,660,069
78$6,431,223$2,115,641$1,458,583$5,036,208
79$7,033,043$2,165,144$1,453,281$5,448,515
80$7,694,544$2,215,366$1,446,096$5,900,645
81$8,421,757$2,266,289$1,436,910$6,396,622
82$9,221,331$2,317,891$1,425,601$6,940,884
83$10,100,589$2,370,150$1,412,041$7,538,320
84$11,067,600$2,423,038$1,396,095$8,194,321
85$12,131,253$2,476,525$1,377,623$8,914,823
86$13,301,344$2,530,578$1,356,476$9,706,373
87$14,588,664$2,585,160$1,332,501$10,576,183
88$16,005,105$2,640,229$1,305,537$11,532,203
89$17,563,766$2,695,742$1,275,413$12,583,193
90$19,279,085$2,751,648$1,241,954$13,738,808
91$21,166,967$2,807,893$1,204,975$15,009,688
92$23,244,937$2,864,419$1,164,280$16,407,562
93$25,532,306$2,921,162$1,119,670$17,945,352
94$28,050,353$2,978,051$1,070,931$19,637,302
95$30,822,525$3,035,010$1,017,842$21,499,110
96$33,874,655$3,091,959$960,173$23,548,075
97$37,235,212$3,148,807$897,681$25,803,262
98$40,935,564$3,205,459$830,114$28,285,685
99$45,010,277$3,261,811$757,207$31,018,501
100$49,497,437$3,317,752$678,686$34,027,230