Can I retire at age 60 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$109,830$108,852$107,897$106,966$106,056$101,888
2 years$54,371$53,359$52,377$51,426$50,503$46,355
3 years$35,888$34,871$33,892$32,949$32,041$28,044
4 years$26,647$25,634$24,664$23,738$22,852$19,035
5 years$21,105$20,097$19,141$18,233$17,372$13,746
6 years$17,411$16,411$15,468$14,581$13,746$10,313
7 years$14,773$13,782$12,854$11,988$11,179$7,938
8 years$12,796$11,813$10,902$10,056$9,274$6,221
9 years$11,259$10,286$9,389$8,566$7,810$4,941
10 years$10,030$9,066$8,186$7,384$6,655$3,964
11 years$9,026$8,071$7,207$6,426$5,723$3,205
12 years$8,189$7,244$6,396$5,637$4,960$2,607
13 years$7,481$6,547$5,714$4,976$4,325$2,130
14 years$6,876$5,951$5,134$4,417$3,791$1,748
15 years$6,351$5,436$4,636$3,939$3,338$1,438
16 years$5,892$4,988$4,203$3,527$2,950$1,187
17 years$5,488$4,593$3,824$3,169$2,616$981
18 years$5,129$4,244$3,491$2,856$2,326$812
19 years$4,809$3,934$3,196$2,581$2,073$674
20 years$4,520$3,655$2,933$2,337$1,852$559
21 years$4,260$3,405$2,698$2,121$1,657$465
22 years$4,023$3,178$2,487$1,929$1,485$386
23 years$3,808$2,973$2,296$1,757$1,333$321
24 years$3,610$2,785$2,123$1,602$1,198$268
25 years$3,429$2,614$1,967$1,463$1,078$223
26 years$3,262$2,457$1,824$1,338$971$186
27 years$3,107$2,312$1,694$1,225$876$155
28 years$2,964$2,178$1,574$1,122$790$129
29 years$2,831$2,055$1,465$1,029$714$108
30 years$2,707$1,941$1,365$944$645$90
31 years$2,592$1,835$1,272$867$583$75
32 years$2,483$1,736$1,187$797$527$62
33 years$2,382$1,644$1,108$733$477$52
34 years$2,287$1,558$1,036$674$432$43
35 years$2,197$1,478$968$621$391$36
36 years$2,112$1,403$906$572$355$30
37 years$2,033$1,332$848$527$321$25
38 years$1,957$1,266$794$486$291$21
39 years$1,886$1,204$744$448$264$18
40 years$1,818$1,146$697$413$240$15
41 years$1,754$1,090$654$381$217$12
42 years$1,693$1,038$613$352$197$10
43 years$1,635$989$575$325$179$9
44 years$1,580$943$540$300$163$7
45 years$1,528$899$507$277$148$6
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$4
48 years$1,384$782$421$218$110$3
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,330,000, adding $4,926 every year, while hoping to spend $39,911 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: 47/28/25 Blend
59$1,330,000$1,330,000$1,330,000$1,330,000
60$1,470,741$1,400,251$1,379,636$1,529,145
61$1,578,292$1,426,398$1,383,389$1,596,829
62$1,695,475$1,452,489$1,385,930$1,665,937
63$1,823,231$1,478,479$1,387,176$1,740,159
64$1,962,595$1,504,319$1,387,041$1,819,996
65$2,114,706$1,529,957$1,385,433$1,905,998
66$2,280,818$1,555,336$1,382,257$1,998,774
67$2,462,311$1,580,398$1,377,412$2,098,995
68$2,660,705$1,605,076$1,370,794$2,207,403
69$2,877,674$1,629,301$1,362,293$2,324,815
70$3,115,059$1,652,999$1,351,792$2,452,133
71$3,374,889$1,676,090$1,339,171$2,590,355
72$3,659,398$1,698,489$1,324,303$2,740,579
73$3,971,045$1,720,103$1,307,056$2,904,017
74$4,312,539$1,740,836$1,287,290$3,082,009
75$4,686,864$1,760,583$1,264,860$3,276,032
76$5,097,305$1,779,232$1,239,614$3,487,715
77$5,547,481$1,796,666$1,211,391$3,718,857
78$6,041,378$1,812,756$1,180,027$3,971,442
79$6,583,386$1,827,369$1,145,345$4,247,660
80$7,178,341$1,840,359$1,107,164$4,549,925
81$7,831,570$1,851,575$1,065,293$4,880,903
82$8,548,941$1,860,854$1,019,531$5,243,534
83$9,336,919$1,868,021$969,671$5,641,062
84$10,202,624$1,872,893$915,494$6,077,063
85$11,153,900$1,875,274$856,772$6,555,486
86$12,199,392$1,874,956$793,267$7,080,683
87$13,348,619$1,871,718$724,731$7,657,458
88$14,612,071$1,865,325$650,902$8,291,107
89$16,001,304$1,855,528$571,510$8,987,473
90$17,529,052$1,842,064$486,270$9,752,999
91$19,209,342$1,824,652$394,887$10,594,793
92$21,057,630$1,802,995$297,051$11,520,694
93$23,090,945$1,776,778$192,438$12,539,344
94$25,328,049$1,745,668$80,713$13,660,278
95$27,789,615$1,709,311$0$14,894,007
96$30,498,422$1,667,333$0$16,262,401
97$33,479,565$1,619,337$0$17,791,611
98$36,760,701$1,564,904$0$19,474,285
99$40,372,298$1,503,590$0$21,326,072
100$44,347,931$1,434,924$0$23,364,225