Can I retire at age 60 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$108,179$107,215$106,275$105,357$104,461$100,475
2 years$53,554$52,556$51,590$50,653$49,743$45,775
3 years$35,348$34,346$33,382$32,454$31,559$27,732
4 years$26,247$25,248$24,294$23,381$22,508$18,853
5 years$20,787$19,795$18,853$17,959$17,110$13,635
6 years$17,149$16,164$15,236$14,362$13,539$10,247
7 years$14,551$13,574$12,661$11,808$11,011$7,900
8 years$12,604$11,636$10,738$9,905$9,135$6,203
9 years$11,090$10,131$9,248$8,437$7,693$4,936
10 years$9,880$8,930$8,063$7,273$6,554$3,967
11 years$8,890$7,950$7,098$6,329$5,637$3,214
12 years$8,066$7,135$6,300$5,552$4,885$2,619
13 years$7,369$6,448$5,628$4,901$4,260$2,145
14 years$6,772$5,861$5,057$4,351$3,734$1,763
15 years$6,255$5,354$4,566$3,880$3,288$1,454
16 years$5,804$4,913$4,140$3,474$2,906$1,202
17 years$5,406$4,524$3,767$3,122$2,576$996
18 years$5,052$4,181$3,439$2,813$2,291$827
19 years$4,736$3,875$3,148$2,542$2,042$687
20 years$4,452$3,600$2,889$2,302$1,824$572
21 years$4,196$3,354$2,657$2,089$1,632$476
22 years$3,963$3,131$2,449$1,900$1,463$397
23 years$3,750$2,928$2,261$1,730$1,313$331
24 years$3,556$2,743$2,091$1,578$1,180$276
25 years$3,377$2,574$1,937$1,441$1,062$231
26 years$3,213$2,420$1,797$1,318$957$193
27 years$3,061$2,277$1,668$1,206$863$161
28 years$2,920$2,146$1,551$1,105$778$135
29 years$2,789$2,024$1,443$1,013$703$112
30 years$2,667$1,912$1,344$930$635$94
31 years$2,553$1,807$1,253$854$574$79
32 years$2,446$1,710$1,169$785$519$66
33 years$2,346$1,619$1,092$722$470$55
34 years$2,252$1,535$1,020$664$426$46
35 years$2,164$1,456$954$611$385$38
36 years$2,081$1,382$892$563$349$32
37 years$2,002$1,312$835$519$317$27
38 years$1,928$1,247$782$478$287$23
39 years$1,858$1,186$733$441$260$19
40 years$1,791$1,128$687$407$236$16
41 years$1,728$1,074$644$375$214$13
42 years$1,668$1,023$604$346$194$11
43 years$1,611$975$567$320$176$9
44 years$1,556$929$532$295$160$8
45 years$1,505$886$500$273$145$6
46 years$1,455$845$469$252$132$5
47 years$1,408$806$441$233$120$5
48 years$1,363$770$414$215$109$4
49 years$1,320$735$389$199$99$3
50 years$1,279$702$366$184$90$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,310,000, adding $3,930 every year, while hoping to spend $46,760 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: 40/30/30 Blend
59$1,310,000$1,310,000$1,310,000$1,310,000
60$1,447,674$1,378,244$1,357,939$1,492,631
61$1,545,584$1,396,025$1,353,677$1,543,592
62$1,651,914$1,413,111$1,347,706$1,594,090
63$1,767,474$1,429,418$1,339,918$1,647,852
64$1,893,152$1,444,856$1,330,202$1,705,206
65$2,029,930$1,459,330$1,318,440$1,766,519
66$2,178,886$1,472,739$1,304,510$1,832,196
67$2,341,204$1,484,976$1,288,284$1,902,685
68$2,518,191$1,495,924$1,269,626$1,978,485
69$2,711,284$1,505,462$1,248,395$2,060,147
70$2,922,064$1,513,458$1,224,445$2,148,282
71$3,152,271$1,519,774$1,197,621$2,243,564
72$3,403,823$1,524,263$1,167,761$2,346,742
73$3,678,828$1,526,768$1,134,697$2,458,646
74$3,979,611$1,527,121$1,098,251$2,580,191
75$4,308,727$1,525,146$1,058,239$2,712,392
76$4,668,994$1,520,655$1,014,467$2,856,371
77$5,063,513$1,513,449$966,733$3,013,371
78$5,495,699$1,503,315$914,826$3,184,765
79$5,969,312$1,490,030$858,524$3,372,070
80$6,488,495$1,473,355$797,598$3,576,968
81$7,057,810$1,453,037$731,806$3,801,314
82$7,682,281$1,428,810$660,895$4,047,162
83$8,367,441$1,400,390$584,603$4,316,779
84$9,119,388$1,367,476$502,655$4,612,674
85$9,944,834$1,329,752$414,763$4,937,618
86$10,851,178$1,286,880$320,628$5,294,672
87$11,846,565$1,238,504$219,936$5,687,219
88$12,939,972$1,184,248$112,361$6,118,994
89$14,141,285$1,123,712$0$6,594,127
90$15,461,398$1,056,476$0$7,117,955
91$16,912,310$982,092$0$7,733,167
92$18,507,241$900,090$0$8,409,435
93$20,260,756$809,971$0$9,153,022
94$22,188,902$711,208$0$9,970,834
95$24,309,357$603,245$0$10,870,488
96$26,641,600$485,493$0$11,860,384
97$29,207,092$357,330$0$12,949,786
98$32,029,477$218,101$0$14,148,907
99$35,134,808$67,113$0$15,469,014
100$38,551,790$0$0$16,922,528