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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$113,133$112,126$111,142$110,183$109,246$106,605
2 years$56,007$54,964$53,953$52,972$52,022$49,377
3 years$36,967$35,919$34,911$33,940$33,005$30,439
4 years$27,449$26,404$25,406$24,452$23,539$21,072
5 years$21,740$20,701$19,716$18,781$17,894$15,532
6 years$17,935$16,904$15,934$15,020$14,159$11,905
7 years$15,218$14,196$13,241$12,348$11,515$9,369
8 years$13,181$12,169$11,229$10,359$9,553$7,514
9 years$11,598$10,595$9,672$8,823$8,045$6,111
10 years$10,332$9,339$8,432$7,606$6,855$5,024
11 years$9,297$8,314$7,424$6,619$5,895$4,166
12 years$8,435$7,462$6,588$5,806$5,109$3,477
13 years$7,706$6,744$5,886$5,126$4,455$2,918
14 years$7,082$6,130$5,289$4,550$3,905$2,460
15 years$6,542$5,600$4,775$4,058$3,438$2,081
16 years$6,070$5,138$4,329$3,633$3,039$1,766
17 years$5,653$4,732$3,939$3,265$2,694$1,502
18 years$5,284$4,372$3,596$2,942$2,396$1,280
19 years$4,953$4,052$3,292$2,658$2,135$1,093
20 years$4,656$3,765$3,021$2,408$1,907$935
21 years$4,388$3,507$2,779$2,185$1,707$801
22 years$4,144$3,274$2,561$1,987$1,530$686
23 years$3,922$3,062$2,365$1,809$1,373$589
24 years$3,719$2,869$2,187$1,650$1,234$506
25 years$3,532$2,692$2,026$1,507$1,111$435
26 years$3,360$2,530$1,879$1,378$1,001$374
27 years$3,201$2,381$1,745$1,261$902$321
28 years$3,053$2,244$1,622$1,156$814$277
29 years$2,916$2,117$1,509$1,060$735$238
30 years$2,789$1,999$1,406$973$664$205
31 years$2,670$1,890$1,311$893$600$177
32 years$2,558$1,788$1,223$821$543$152
33 years$2,453$1,693$1,142$755$492$131
34 years$2,355$1,605$1,067$695$445$113
35 years$2,263$1,522$997$639$403$97
36 years$2,176$1,445$933$589$365$84
37 years$2,094$1,372$873$543$331$72
38 years$2,016$1,304$818$500$300$62
39 years$1,943$1,240$766$461$272$54
40 years$1,873$1,180$718$425$247$46
41 years$1,807$1,123$673$392$224$40
42 years$1,744$1,070$632$362$203$35
43 years$1,685$1,019$593$334$184$30
44 years$1,628$972$556$309$167$26
45 years$1,574$926$522$285$152$22
46 years$1,522$884$491$263$138$19
47 years$1,473$843$461$243$125$17
48 years$1,426$805$433$225$114$14
49 years$1,381$769$407$208$103$12
50 years$1,338$734$383$192$94$11

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 $2,530 every year, while hoping to spend $43,332 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: 43/34/23 Blend
59$1,370,000$1,370,000$1,370,000$1,370,000
60$1,512,350$1,439,740$1,418,505$1,567,147
61$1,620,504$1,464,182$1,419,920$1,630,775
62$1,738,239$1,488,370$1,419,930$1,695,293
63$1,866,484$1,512,245$1,418,442$1,764,327
64$2,006,265$1,535,744$1,415,359$1,838,317
65$2,158,709$1,558,801$1,410,580$1,917,751
66$2,325,059$1,581,344$1,403,995$2,003,164
67$2,506,680$1,603,295$1,395,495$2,095,152
68$2,705,078$1,624,573$1,384,960$2,194,369
69$2,921,908$1,645,089$1,372,268$2,301,539
70$3,158,993$1,664,748$1,357,289$2,417,462
71$3,418,341$1,683,452$1,339,889$2,543,022
72$3,702,162$1,701,091$1,319,926$2,679,195
73$4,012,890$1,717,552$1,297,251$2,827,057
74$4,353,205$1,732,712$1,271,709$2,987,798
75$4,726,058$1,746,442$1,243,138$3,162,732
76$5,134,701$1,758,602$1,211,368$3,353,310
77$5,582,713$1,769,046$1,176,221$3,561,133
78$6,074,036$1,777,616$1,137,511$3,787,969
79$6,613,014$1,784,146$1,095,044$4,035,771
80$7,204,430$1,788,457$1,048,616$4,306,694
81$7,853,552$1,790,362$998,015$4,603,117
82$8,566,184$1,789,659$943,018$4,927,665
83$9,348,719$1,786,137$883,394$5,283,238
84$10,208,199$1,779,568$818,898$5,673,034
85$11,152,383$1,769,714$749,278$6,100,583
86$12,189,816$1,756,320$674,269$6,569,782
87$13,329,913$1,739,116$593,593$7,084,931
88$14,583,048$1,717,816$506,962$7,650,774
89$15,960,647$1,692,118$414,074$8,272,547
90$17,475,301$1,661,699$314,613$8,956,025
91$19,140,879$1,626,220$208,250$9,707,582
92$20,972,663$1,585,319$94,641$10,534,250
93$22,987,492$1,538,616$0$11,443,786
94$25,203,914$1,485,707$0$12,451,275
95$27,642,370$1,426,164$0$13,584,840
96$30,325,380$1,359,534$0$14,831,740
97$33,277,757$1,285,339$0$16,203,562
98$36,526,841$1,203,073$0$17,713,080
99$40,102,756$1,112,201$0$19,374,378
100$44,038,695$1,012,157$0$21,202,980