Can I retire at age 60 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$112,308$111,307$110,331$109,379$108,448$105,399
2 years$55,598$54,562$53,559$52,586$51,642$48,594
3 years$36,697$35,657$34,656$33,692$32,764$29,811
4 years$27,248$26,212$25,221$24,273$23,367$20,533
5 years$21,581$20,550$19,572$18,644$17,764$15,056
6 years$17,804$16,781$15,817$14,910$14,056$11,477
7 years$15,107$14,093$13,144$12,258$11,431$8,981
8 years$13,085$12,080$11,147$10,283$9,483$7,161
9 years$11,513$10,518$9,601$8,759$7,986$5,789
10 years$10,257$9,271$8,371$7,550$6,805$4,730
11 years$9,229$8,253$7,369$6,571$5,852$3,897
12 years$8,374$7,408$6,540$5,764$5,071$3,231
13 years$7,650$6,694$5,843$5,088$4,422$2,693
14 years$7,031$6,085$5,250$4,517$3,877$2,255
15 years$6,494$5,559$4,740$4,028$3,413$1,894
16 years$6,025$5,100$4,298$3,607$3,017$1,596
17 years$5,612$4,697$3,911$3,241$2,675$1,348
18 years$5,245$4,340$3,570$2,921$2,378$1,140
19 years$4,917$4,022$3,268$2,639$2,120$966
20 years$4,622$3,738$2,999$2,390$1,893$820
21 years$4,356$3,482$2,759$2,169$1,694$697
22 years$4,114$3,250$2,543$1,972$1,519$593
23 years$3,893$3,040$2,348$1,796$1,363$505
24 years$3,692$2,848$2,171$1,638$1,225$430
25 years$3,506$2,673$2,011$1,496$1,103$367
26 years$3,335$2,512$1,865$1,368$993$313
27 years$3,178$2,364$1,732$1,252$896$267
28 years$3,031$2,228$1,610$1,147$808$228
29 years$2,895$2,101$1,498$1,052$730$194
30 years$2,768$1,985$1,396$966$659$166
31 years$2,650$1,876$1,301$887$596$142
32 years$2,539$1,775$1,214$815$539$121
33 years$2,436$1,681$1,133$749$488$104
34 years$2,338$1,593$1,059$690$442$89
35 years$2,246$1,511$990$635$400$76
36 years$2,160$1,434$926$585$363$65
37 years$2,078$1,362$867$539$329$55
38 years$2,001$1,295$812$496$298$47
39 years$1,928$1,231$761$458$270$40
40 years$1,859$1,171$713$422$245$35
41 years$1,794$1,115$668$390$222$30
42 years$1,731$1,062$627$360$202$25
43 years$1,672$1,012$588$332$183$22
44 years$1,616$964$552$306$166$19
45 years$1,562$920$519$283$151$16
46 years$1,511$877$487$261$137$14
47 years$1,462$837$458$242$124$12
48 years$1,415$799$430$223$113$10
49 years$1,371$763$404$206$103$8
50 years$1,328$729$380$191$93$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,360,000, adding $5,250 every year, while hoping to spend $57,733 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: 67/12/21 Blend
59$1,360,000$1,360,000$1,360,000$1,360,000
60$1,504,135$1,432,055$1,410,975$1,596,621
61$1,596,130$1,440,799$1,396,816$1,668,003
62$1,695,573$1,448,035$1,380,246$1,738,898
63$1,803,163$1,453,631$1,361,126$1,815,053
64$1,919,668$1,457,441$1,339,307$1,896,985
65$2,045,933$1,459,315$1,314,633$1,985,265
66$2,182,887$1,459,090$1,286,942$2,080,523
67$2,331,551$1,456,595$1,256,064$2,183,455
68$2,493,048$1,451,647$1,221,820$2,294,829
69$2,668,613$1,444,052$1,184,025$2,415,493
70$2,859,606$1,433,605$1,142,485$2,546,381
71$3,067,522$1,420,088$1,096,995$2,688,527
72$3,294,007$1,403,270$1,047,342$2,843,071
73$3,540,872$1,382,907$993,304$3,011,271
74$3,810,110$1,358,738$934,649$3,194,516
75$4,103,914$1,330,489$871,132$3,394,337
76$4,424,699$1,297,869$802,501$3,612,427
77$4,775,124$1,260,569$728,490$3,850,651
78$5,158,113$1,218,264$648,821$4,111,069
79$5,576,889$1,170,607$563,205$4,395,954
80$6,034,998$1,117,234$471,339$4,707,813
81$6,536,347$1,057,757$372,907$5,049,412
82$7,085,235$991,768$267,580$5,423,804
83$7,686,398$918,834$155,014$5,834,356
84$8,345,052$838,498$34,848$6,284,785
85$9,066,939$750,276$0$6,779,188
86$9,858,386$653,659$0$7,343,013
87$10,726,359$548,106$0$7,970,015
88$11,678,532$433,047$0$8,657,970
89$12,723,356$307,880$0$9,413,042
90$13,870,140$171,968$0$10,242,024
91$15,129,141$24,641$0$11,152,403
92$16,511,652$0$0$12,152,429
93$18,030,120$0$0$13,268,996
94$19,698,251$0$0$14,499,278
95$21,531,146$0$0$15,851,169
96$23,545,443$0$0$17,336,951
97$25,759,468$0$0$18,970,156
98$28,193,415$0$0$20,765,690
99$30,869,528$0$0$22,739,976
100$33,812,317$0$0$24,911,110