Can I retire at age 60 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$113,133$112,126$111,142$110,183$109,246$106,132
2 years$56,007$54,964$53,953$52,972$52,022$48,909
3 years$36,967$35,919$34,911$33,940$33,005$29,990
4 years$27,449$26,404$25,406$24,452$23,539$20,646
5 years$21,740$20,701$19,716$18,781$17,894$15,131
6 years$17,935$16,904$15,934$15,020$14,159$11,527
7 years$15,218$14,196$13,241$12,348$11,515$9,016
8 years$13,181$12,169$11,229$10,359$9,553$7,184
9 years$11,598$10,595$9,672$8,823$8,045$5,804
10 years$10,332$9,339$8,432$7,606$6,855$4,739
11 years$9,297$8,314$7,424$6,619$5,895$3,902
12 years$8,435$7,462$6,588$5,806$5,109$3,233
13 years$7,706$6,744$5,886$5,126$4,455$2,693
14 years$7,082$6,130$5,289$4,550$3,905$2,253
15 years$6,542$5,600$4,775$4,058$3,438$1,891
16 years$6,070$5,138$4,329$3,633$3,039$1,592
17 years$5,653$4,732$3,939$3,265$2,694$1,344
18 years$5,284$4,372$3,596$2,942$2,396$1,136
19 years$4,953$4,052$3,292$2,658$2,135$962
20 years$4,656$3,765$3,021$2,408$1,907$816
21 years$4,388$3,507$2,779$2,185$1,707$693
22 years$4,144$3,274$2,561$1,987$1,530$589
23 years$3,922$3,062$2,365$1,809$1,373$501
24 years$3,719$2,869$2,187$1,650$1,234$427
25 years$3,532$2,692$2,026$1,507$1,111$363
26 years$3,360$2,530$1,879$1,378$1,001$310
27 years$3,201$2,381$1,745$1,261$902$264
28 years$3,053$2,244$1,622$1,156$814$225
29 years$2,916$2,117$1,509$1,060$735$192
30 years$2,789$1,999$1,406$973$664$164
31 years$2,670$1,890$1,311$893$600$140
32 years$2,558$1,788$1,223$821$543$119
33 years$2,453$1,693$1,142$755$492$102
34 years$2,355$1,605$1,067$695$445$87
35 years$2,263$1,522$997$639$403$74
36 years$2,176$1,445$933$589$365$64
37 years$2,094$1,372$873$543$331$54
38 years$2,016$1,304$818$500$300$46
39 years$1,943$1,240$766$461$272$40
40 years$1,873$1,180$718$425$247$34
41 years$1,807$1,123$673$392$224$29
42 years$1,744$1,070$632$362$203$25
43 years$1,685$1,019$593$334$184$21
44 years$1,628$972$556$309$167$18
45 years$1,574$926$522$285$152$15
46 years$1,522$884$491$263$138$13
47 years$1,473$843$461$243$125$11
48 years$1,426$805$433$225$114$10
49 years$1,381$769$407$208$103$8
50 years$1,338$734$383$192$94$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,370,000, adding $2,893 every year, while hoping to spend $21,748 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: 74/20/6 Blend
59$1,370,000$1,370,000$1,370,000$1,370,000
60$1,512,724$1,440,114$1,418,879$1,623,456
61$1,643,882$1,487,540$1,443,272$1,744,156
62$1,787,690$1,536,561$1,467,753$1,873,294
63$1,945,414$1,587,232$1,492,302$2,014,134
64$2,118,450$1,639,610$1,516,898$2,167,823
65$2,308,336$1,693,755$1,541,518$2,335,628
66$2,516,765$1,749,728$1,566,138$2,518,939
67$2,745,602$1,807,592$1,590,731$2,719,291
68$2,996,904$1,867,414$1,615,271$2,938,371
69$3,272,932$1,929,261$1,639,726$3,178,038
70$3,576,181$1,993,205$1,664,067$3,440,337
71$3,909,397$2,059,319$1,688,259$3,727,524
72$4,275,608$2,127,677$1,712,269$4,042,079
73$4,678,147$2,198,361$1,736,057$4,386,735
74$5,120,688$2,271,450$1,759,584$4,764,504
75$5,607,277$2,347,030$1,782,809$5,178,699
76$6,142,373$2,425,188$1,805,687$5,632,973
77$6,730,888$2,506,015$1,828,170$6,131,349
78$7,378,234$2,589,605$1,850,209$6,678,255
79$8,090,374$2,676,056$1,871,752$7,278,572
80$8,873,879$2,765,470$1,892,742$7,937,677
81$9,735,988$2,857,951$1,913,122$8,661,490
82$10,684,676$2,953,608$1,932,829$9,456,536
83$11,728,733$3,052,554$1,951,798$10,330,000
84$12,877,841$3,154,907$1,969,961$11,289,800
85$14,142,670$3,260,787$1,987,245$12,344,659
86$15,534,978$3,370,321$2,003,573$13,504,185
87$17,067,719$3,483,640$2,018,865$14,778,965
88$18,755,166$3,600,878$2,033,037$16,180,662
89$20,613,049$3,722,178$2,046,000$17,722,128
90$22,658,700$3,847,684$2,057,661$19,417,521
91$24,911,214$3,977,548$2,067,920$21,282,440
92$27,391,638$4,111,927$2,076,674$23,334,072
93$30,123,158$4,250,984$2,083,816$25,591,356
94$33,131,326$4,394,889$2,089,230$28,075,155
95$36,444,299$4,543,816$2,092,797$30,808,462
96$40,093,104$4,697,949$2,094,392$33,816,608
97$44,111,928$4,857,476$2,093,882$37,127,504
98$48,538,446$5,022,594$2,091,128$40,771,906
99$53,414,172$5,193,506$2,085,986$44,783,702
100$58,784,854$5,370,424$2,078,303$49,200,234