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%13.9%
1 years$113,133$112,126$111,142$110,183$109,246$107,480
2 years$56,007$54,964$53,953$52,972$52,022$50,248
3 years$36,967$35,919$34,911$33,940$33,005$31,278
4 years$27,449$26,404$25,406$24,452$23,539$21,872
5 years$21,740$20,701$19,716$18,781$17,894$16,292
6 years$17,935$16,904$15,934$15,020$14,159$12,624
7 years$15,218$14,196$13,241$12,348$11,515$10,047
8 years$13,181$12,169$11,229$10,359$9,553$8,152
9 years$11,598$10,595$9,672$8,823$8,045$6,710
10 years$10,332$9,339$8,432$7,606$6,855$5,585
11 years$9,297$8,314$7,424$6,619$5,895$4,690
12 years$8,435$7,462$6,588$5,806$5,109$3,965
13 years$7,706$6,744$5,886$5,126$4,455$3,372
14 years$7,082$6,130$5,289$4,550$3,905$2,881
15 years$6,542$5,600$4,775$4,058$3,438$2,472
16 years$6,070$5,138$4,329$3,633$3,039$2,127
17 years$5,653$4,732$3,939$3,265$2,694$1,836
18 years$5,284$4,372$3,596$2,942$2,396$1,588
19 years$4,953$4,052$3,292$2,658$2,135$1,376
20 years$4,656$3,765$3,021$2,408$1,907$1,195
21 years$4,388$3,507$2,779$2,185$1,707$1,039
22 years$4,144$3,274$2,561$1,987$1,530$904
23 years$3,922$3,062$2,365$1,809$1,373$788
24 years$3,719$2,869$2,187$1,650$1,234$688
25 years$3,532$2,692$2,026$1,507$1,111$600
26 years$3,360$2,530$1,879$1,378$1,001$524
27 years$3,201$2,381$1,745$1,261$902$458
28 years$3,053$2,244$1,622$1,156$814$401
29 years$2,916$2,117$1,509$1,060$735$351
30 years$2,789$1,999$1,406$973$664$307
31 years$2,670$1,890$1,311$893$600$269
32 years$2,558$1,788$1,223$821$543$236
33 years$2,453$1,693$1,142$755$492$207
34 years$2,355$1,605$1,067$695$445$181
35 years$2,263$1,522$997$639$403$159
36 years$2,176$1,445$933$589$365$139
37 years$2,094$1,372$873$543$331$122
38 years$2,016$1,304$818$500$300$107
39 years$1,943$1,240$766$461$272$94
40 years$1,873$1,180$718$425$247$82
41 years$1,807$1,123$673$392$224$72
42 years$1,744$1,070$632$362$203$63
43 years$1,685$1,019$593$334$184$56
44 years$1,628$972$556$309$167$49
45 years$1,574$926$522$285$152$43
46 years$1,522$884$491$263$138$38
47 years$1,473$843$461$243$125$33
48 years$1,426$805$433$225$114$29
49 years$1,381$769$407$208$103$25
50 years$1,338$734$383$192$94$22

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 $6,136 every year, while hoping to spend $48,880 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: 50/39/11 Blend
59$1,370,000$1,370,000$1,370,000$1,370,000
60$1,516,069$1,443,459$1,422,224$1,587,106
61$1,618,700$1,462,181$1,417,861$1,655,124
62$1,730,162$1,480,182$1,411,713$1,723,326
63$1,851,302$1,497,374$1,403,669$1,796,318
64$1,983,056$1,513,667$1,393,613$1,874,565
65$2,126,450$1,528,959$1,381,422$1,958,578
66$2,282,617$1,543,146$1,366,968$2,048,924
67$2,452,799$1,556,116$1,350,117$2,146,225
68$2,638,366$1,567,747$1,330,727$2,251,173
69$2,840,826$1,577,913$1,308,653$2,364,528
70$3,061,837$1,586,478$1,283,740$2,487,132
71$3,303,225$1,593,296$1,255,826$2,619,913
72$3,567,001$1,598,215$1,224,744$2,763,897
73$3,855,378$1,601,070$1,190,315$2,920,217
74$4,170,793$1,601,689$1,152,357$3,090,123
75$4,515,928$1,599,886$1,110,675$3,274,997
76$4,893,738$1,595,465$1,065,068$3,476,364
77$5,307,475$1,588,220$1,015,324$3,695,906
78$5,760,724$1,577,928$961,223$3,935,484
79$6,257,427$1,564,357$902,534$4,197,148
80$6,801,932$1,547,257$839,016$4,483,165
81$7,399,023$1,526,366$770,417$4,796,035
82$8,053,971$1,501,406$696,473$5,138,518
83$8,772,581$1,472,080$616,910$5,513,662
84$9,561,249$1,438,076$531,441$5,924,829
85$10,427,017$1,399,063$439,765$6,375,731
86$11,377,645$1,354,689$341,570$6,870,464
87$12,421,680$1,304,584$236,527$7,413,550
88$13,568,537$1,248,355$124,297$8,009,976
89$14,828,589$1,185,585$4,522$8,665,247
90$16,213,262$1,115,836$0$9,385,438
91$17,735,144$1,038,641$0$10,191,723
92$19,408,105$953,511$0$11,078,530
93$21,247,422$859,924$0$12,053,536
94$23,269,931$757,331$0$13,125,791
95$25,494,176$645,153$0$14,305,275
96$27,940,592$522,776$0$15,602,996
97$30,631,692$389,551$0$17,031,095
98$33,592,280$244,795$0$18,602,958
99$36,849,687$87,784$0$20,333,349
100$40,434,026$0$0$22,238,548