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%15.4%
1 years$113,133$112,126$111,142$110,183$109,246$106,822
2 years$56,007$54,964$53,953$52,972$52,022$49,592
3 years$36,967$35,919$34,911$33,940$33,005$30,646
4 years$27,449$26,404$25,406$24,452$23,539$21,269
5 years$21,740$20,701$19,716$18,781$17,894$15,718
6 years$17,935$16,904$15,934$15,020$14,159$12,080
7 years$15,218$14,196$13,241$12,348$11,515$9,534
8 years$13,181$12,169$11,229$10,359$9,553$7,669
9 years$11,598$10,595$9,672$8,823$8,045$6,256
10 years$10,332$9,339$8,432$7,606$6,855$5,159
11 years$9,297$8,314$7,424$6,619$5,895$4,291
12 years$8,435$7,462$6,588$5,806$5,109$3,593
13 years$7,706$6,744$5,886$5,126$4,455$3,026
14 years$7,082$6,130$5,289$4,550$3,905$2,559
15 years$6,542$5,600$4,775$4,058$3,438$2,173
16 years$6,070$5,138$4,329$3,633$3,039$1,850
17 years$5,653$4,732$3,939$3,265$2,694$1,579
18 years$5,284$4,372$3,596$2,942$2,396$1,351
19 years$4,953$4,052$3,292$2,658$2,135$1,158
20 years$4,656$3,765$3,021$2,408$1,907$994
21 years$4,388$3,507$2,779$2,185$1,707$855
22 years$4,144$3,274$2,561$1,987$1,530$736
23 years$3,922$3,062$2,365$1,809$1,373$634
24 years$3,719$2,869$2,187$1,650$1,234$546
25 years$3,532$2,692$2,026$1,507$1,111$471
26 years$3,360$2,530$1,879$1,378$1,001$407
27 years$3,201$2,381$1,745$1,261$902$351
28 years$3,053$2,244$1,622$1,156$814$304
29 years$2,916$2,117$1,509$1,060$735$262
30 years$2,789$1,999$1,406$973$664$227
31 years$2,670$1,890$1,311$893$600$196
32 years$2,558$1,788$1,223$821$543$170
33 years$2,453$1,693$1,142$755$492$147
34 years$2,355$1,605$1,067$695$445$127
35 years$2,263$1,522$997$639$403$110
36 years$2,176$1,445$933$589$365$95
37 years$2,094$1,372$873$543$331$83
38 years$2,016$1,304$818$500$300$71
39 years$1,943$1,240$766$461$272$62
40 years$1,873$1,180$718$425$247$54
41 years$1,807$1,123$673$392$224$46
42 years$1,744$1,070$632$362$203$40
43 years$1,685$1,019$593$334$184$35
44 years$1,628$972$556$309$167$30
45 years$1,574$926$522$285$152$26
46 years$1,522$884$491$263$138$23
47 years$1,473$843$461$243$125$20
48 years$1,426$805$433$225$114$17
49 years$1,381$769$407$208$103$15
50 years$1,338$734$383$192$94$13

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 $6,273 every year, while hoping to spend $28,934 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: 36/37/27 Blend
59$1,370,000$1,370,000$1,370,000$1,370,000
60$1,516,211$1,443,601$1,422,366$1,558,306
61$1,640,079$1,483,551$1,439,229$1,630,040
62$1,775,611$1,524,490$1,455,688$1,704,352
63$1,923,968$1,566,435$1,471,698$1,784,020
64$2,086,425$1,609,403$1,487,213$1,869,542
65$2,264,389$1,653,412$1,502,183$1,961,470
66$2,459,407$1,698,479$1,516,556$2,060,411
67$2,673,185$1,744,623$1,530,279$2,167,032
68$2,907,600$1,791,859$1,543,293$2,282,070
69$3,164,720$1,840,205$1,555,539$2,406,333
70$3,446,824$1,889,678$1,566,951$2,540,715
71$3,756,420$1,940,292$1,577,465$2,686,199
72$4,096,273$1,992,065$1,587,008$2,843,867
73$4,469,426$2,045,010$1,595,506$3,014,913
74$4,879,235$2,099,142$1,602,883$3,200,650
75$5,329,393$2,154,476$1,609,055$3,402,529
76$5,823,969$2,211,024$1,613,937$3,622,143
77$6,367,449$2,268,798$1,617,438$3,861,252
78$6,964,770$2,327,811$1,619,464$4,121,793
79$7,621,375$2,388,073$1,619,915$4,405,901
80$8,343,259$2,449,592$1,618,686$4,715,930
81$9,137,028$2,512,378$1,615,668$5,054,472
82$10,009,957$2,576,437$1,610,745$5,424,386
83$10,970,065$2,641,775$1,603,798$5,828,820
84$12,026,186$2,708,396$1,594,699$6,271,245
85$13,188,052$2,776,302$1,583,316$6,755,487
86$14,466,387$2,845,495$1,569,511$7,285,762
87$15,873,006$2,915,972$1,553,138$7,866,716
88$17,420,929$2,987,731$1,534,044$8,503,470
89$19,124,499$3,060,765$1,512,070$9,201,669
90$20,999,523$3,135,067$1,487,049$9,967,533
91$23,063,415$3,210,626$1,458,806$10,807,918
92$25,335,365$3,287,429$1,427,158$11,730,382
93$27,836,518$3,365,458$1,391,913$12,743,252
94$30,590,172$3,444,695$1,352,872$13,855,709
95$33,622,000$3,525,116$1,309,824$15,077,870
96$36,960,292$3,606,694$1,262,550$16,420,886
97$40,636,217$3,689,398$1,210,821$17,897,048
98$44,684,126$3,773,193$1,154,398$19,519,901
99$49,141,866$3,858,038$1,093,029$21,304,378
100$54,051,144$3,943,890$1,026,454$23,266,932