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%16.7%
1 years$112,308$111,307$110,331$109,379$108,448$105,484
2 years$55,598$54,562$53,559$52,586$51,642$48,678
3 years$36,697$35,657$34,656$33,692$32,764$29,892
4 years$27,248$26,212$25,221$24,273$23,367$20,610
5 years$21,581$20,550$19,572$18,644$17,764$15,128
6 years$17,804$16,781$15,817$14,910$14,056$11,544
7 years$15,107$14,093$13,144$12,258$11,431$9,044
8 years$13,085$12,080$11,147$10,283$9,483$7,219
9 years$11,513$10,518$9,601$8,759$7,986$5,844
10 years$10,257$9,271$8,371$7,550$6,805$4,780
11 years$9,229$8,253$7,369$6,571$5,852$3,943
12 years$8,374$7,408$6,540$5,764$5,071$3,274
13 years$7,650$6,694$5,843$5,088$4,422$2,733
14 years$7,031$6,085$5,250$4,517$3,877$2,291
15 years$6,494$5,559$4,740$4,028$3,413$1,927
16 years$6,025$5,100$4,298$3,607$3,017$1,626
17 years$5,612$4,697$3,911$3,241$2,675$1,375
18 years$5,245$4,340$3,570$2,921$2,378$1,165
19 years$4,917$4,022$3,268$2,639$2,120$989
20 years$4,622$3,738$2,999$2,390$1,893$841
21 years$4,356$3,482$2,759$2,169$1,694$716
22 years$4,114$3,250$2,543$1,972$1,519$610
23 years$3,893$3,040$2,348$1,796$1,363$520
24 years$3,692$2,848$2,171$1,638$1,225$444
25 years$3,506$2,673$2,011$1,496$1,103$379
26 years$3,335$2,512$1,865$1,368$993$324
27 years$3,178$2,364$1,732$1,252$896$277
28 years$3,031$2,228$1,610$1,147$808$236
29 years$2,895$2,101$1,498$1,052$730$202
30 years$2,768$1,985$1,396$966$659$173
31 years$2,650$1,876$1,301$887$596$148
32 years$2,539$1,775$1,214$815$539$127
33 years$2,436$1,681$1,133$749$488$108
34 years$2,338$1,593$1,059$690$442$93
35 years$2,246$1,511$990$635$400$80
36 years$2,160$1,434$926$585$363$68
37 years$2,078$1,362$867$539$329$58
38 years$2,001$1,295$812$496$298$50
39 years$1,928$1,231$761$458$270$43
40 years$1,859$1,171$713$422$245$37
41 years$1,794$1,115$668$390$222$31
42 years$1,731$1,062$627$360$202$27
43 years$1,672$1,012$588$332$183$23
44 years$1,616$964$552$306$166$20
45 years$1,562$920$519$283$151$17
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$11
49 years$1,371$763$404$206$103$9
50 years$1,328$729$380$191$93$8

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 $3,684 every year, while hoping to spend $21,537 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: 48/40/12 Blend
59$1,360,000$1,360,000$1,360,000$1,360,000
60$1,502,520$1,430,440$1,409,360$1,569,499
61$1,632,862$1,477,616$1,433,658$1,663,192
62$1,775,777$1,526,383$1,458,049$1,762,328
63$1,932,524$1,576,794$1,482,512$1,869,482
64$2,104,492$1,628,907$1,507,027$1,985,408
65$2,293,209$1,682,782$1,531,570$2,110,939
66$2,500,357$1,738,479$1,556,119$2,246,987
67$2,727,791$1,796,062$1,580,647$2,394,556
68$2,977,555$1,855,598$1,605,127$2,554,751
69$3,251,897$1,917,154$1,629,531$2,728,787
70$3,553,297$1,980,802$1,653,827$2,918,003
71$3,884,486$2,046,613$1,677,982$3,123,868
72$4,248,472$2,114,665$1,701,963$3,348,002
73$4,648,569$2,185,037$1,725,731$3,592,187
74$5,088,428$2,257,809$1,749,249$3,858,383
75$5,572,073$2,333,067$1,772,474$4,148,749
76$6,103,936$2,410,898$1,795,363$4,465,660
77$6,688,899$2,491,394$1,817,869$4,811,733
78$7,332,343$2,574,648$1,839,944$5,189,846
79$8,040,195$2,660,759$1,861,535$5,603,170
80$8,818,986$2,749,828$1,882,588$6,055,195
81$9,675,913$2,841,960$1,903,045$6,549,765
82$10,618,904$2,937,264$1,922,845$7,091,113
83$11,656,696$3,035,853$1,941,924$7,683,898
84$12,798,915$3,137,846$1,960,214$8,333,254
85$14,056,166$3,243,363$1,977,643$9,044,833
86$15,440,138$3,352,530$1,994,137$9,824,862
87$16,963,708$3,465,480$2,009,617$10,680,196
88$18,641,065$3,582,347$2,023,998$11,618,389
89$20,487,845$3,703,274$2,037,193$12,647,760
90$22,521,276$3,828,405$2,049,110$13,777,472
91$24,760,343$3,957,894$2,059,652$15,017,618
92$27,225,964$4,091,897$2,068,717$16,379,318
93$29,941,191$4,230,579$2,076,197$17,874,820
94$32,931,424$4,374,108$2,081,981$19,517,618
95$36,224,652$4,522,662$2,085,950$21,322,574
96$39,851,717$4,676,423$2,087,980$23,306,067
97$43,846,605$4,835,581$2,087,940$25,486,136
98$48,246,767$5,000,333$2,085,695$27,882,657
99$53,093,472$5,170,884$2,081,100$30,517,529
100$58,432,196$5,347,446$2,074,006$33,414,876