Can I retire at age 60 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$114,785$113,762$112,765$111,791$110,841$108,425
2 years$56,824$55,766$54,740$53,746$52,781$50,360
3 years$37,507$36,444$35,421$34,435$33,487$31,135
4 years$27,850$26,790$25,777$24,809$23,883$21,619
5 years$22,057$21,004$20,004$19,056$18,155$15,986
6 years$18,196$17,151$16,166$15,239$14,366$12,293
7 years$15,440$14,403$13,434$12,529$11,683$9,707
8 years$13,374$12,346$11,393$10,510$9,692$7,812
9 years$11,767$10,750$9,813$8,952$8,162$6,377
10 years$10,483$9,475$8,555$7,717$6,955$5,262
11 years$9,433$8,435$7,532$6,716$5,981$4,380
12 years$8,558$7,571$6,684$5,891$5,183$3,670
13 years$7,819$6,842$5,972$5,201$4,520$3,092
14 years$7,186$6,219$5,366$4,617$3,962$2,617
15 years$6,637$5,681$4,845$4,117$3,489$2,223
16 years$6,158$5,213$4,392$3,687$3,083$1,895
17 years$5,736$4,801$3,997$3,312$2,734$1,619
18 years$5,361$4,436$3,649$2,985$2,431$1,386
19 years$5,025$4,111$3,340$2,697$2,167$1,189
20 years$4,724$3,820$3,065$2,443$1,935$1,021
21 years$4,452$3,559$2,820$2,217$1,732$879
22 years$4,205$3,322$2,599$2,016$1,552$757
23 years$3,979$3,107$2,399$1,836$1,393$652
24 years$3,773$2,911$2,219$1,674$1,252$563
25 years$3,584$2,732$2,055$1,529$1,127$486
26 years$3,409$2,567$1,906$1,398$1,015$420
27 years$3,248$2,416$1,770$1,280$915$363
28 years$3,098$2,277$1,646$1,173$826$314
29 years$2,959$2,148$1,531$1,075$746$272
30 years$2,829$2,028$1,426$987$674$235
31 years$2,709$1,918$1,330$906$609$203
32 years$2,595$1,814$1,241$833$551$176
33 years$2,489$1,718$1,158$766$499$153
34 years$2,390$1,628$1,082$705$452$132
35 years$2,296$1,545$1,012$649$409$114
36 years$2,208$1,466$947$597$371$99
37 years$2,124$1,392$886$551$336$86
38 years$2,046$1,323$830$507$304$75
39 years$1,971$1,258$777$468$276$65
40 years$1,900$1,197$729$432$250$56
41 years$1,833$1,140$683$398$227$49
42 years$1,770$1,085$641$367$206$42
43 years$1,709$1,034$601$339$187$36
44 years$1,652$986$565$313$170$32
45 years$1,597$940$530$289$154$27
46 years$1,544$897$498$267$140$24
47 years$1,494$856$468$247$127$21
48 years$1,447$817$440$228$115$18
49 years$1,401$780$413$211$105$16
50 years$1,357$745$388$195$95$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,390,000, adding $6,215 every year, while hoping to spend $32,114 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: 26/47/27 Blend
59$1,390,000$1,390,000$1,390,000$1,390,000
60$1,538,191$1,464,521$1,442,976$1,565,055
61$1,660,917$1,502,113$1,457,146$1,625,084
62$1,795,085$1,540,471$1,470,715$1,686,287
63$1,941,828$1,579,599$1,483,629$1,751,292
64$2,102,394$1,619,498$1,495,830$1,820,440
65$2,278,156$1,660,172$1,507,258$1,894,111
66$2,470,628$1,701,620$1,517,850$1,972,720
67$2,681,474$1,743,842$1,527,541$2,056,727
68$2,912,531$1,786,836$1,536,260$2,146,635
69$3,165,818$1,830,600$1,543,933$2,243,003
70$3,443,561$1,875,128$1,550,484$2,346,445
71$3,748,210$1,920,416$1,555,832$2,457,637
72$4,082,466$1,966,456$1,559,891$2,577,326
73$4,449,303$2,013,237$1,562,572$2,706,333
74$4,851,995$2,060,749$1,563,782$2,845,566
75$5,294,151$2,108,978$1,563,421$2,996,025
76$5,779,745$2,157,909$1,561,387$3,158,812
77$6,313,156$2,207,523$1,557,570$3,335,141
78$6,899,208$2,257,801$1,551,858$3,526,355
79$7,543,212$2,308,719$1,544,131$3,733,930
80$8,251,025$2,360,251$1,534,264$3,959,496
81$9,029,093$2,412,367$1,522,126$4,204,850
82$9,884,524$2,465,036$1,507,580$4,471,973
83$10,825,144$2,518,222$1,490,483$4,763,052
84$11,859,578$2,571,884$1,470,683$5,080,495
85$12,997,327$2,625,978$1,448,023$5,426,959
86$14,248,862$2,680,458$1,422,339$5,805,374
87$15,625,715$2,735,270$1,393,457$6,218,972
88$17,140,597$2,790,358$1,361,197$6,671,315
89$18,807,511$2,845,658$1,325,370$7,166,332
90$20,641,884$2,901,102$1,285,777$7,708,354
91$22,660,718$2,956,618$1,242,212$8,302,160
92$24,882,744$3,012,125$1,194,459$8,953,016
93$27,328,601$3,067,537$1,142,291$9,666,731
94$30,021,033$3,122,760$1,085,471$10,449,707
95$32,985,096$3,177,694$1,023,753$11,309,008
96$36,248,405$3,232,230$956,878$12,252,419
97$39,841,385$3,286,251$884,575$13,288,525
98$43,797,561$3,339,632$806,564$14,426,791
99$48,153,876$3,392,238$722,548$15,677,653
100$52,951,038$3,443,924$632,219$17,052,618