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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$114,785$113,762$112,765$111,791$110,841$107,638
2 years$56,824$55,766$54,740$53,746$52,781$49,580
3 years$37,507$36,444$35,421$34,435$33,487$30,387
4 years$27,850$26,790$25,777$24,809$23,883$20,909
5 years$22,057$21,004$20,004$19,056$18,155$15,315
6 years$18,196$17,151$16,166$15,239$14,366$11,662
7 years$15,440$14,403$13,434$12,529$11,683$9,115
8 years$13,374$12,346$11,393$10,510$9,692$7,259
9 years$11,767$10,750$9,813$8,952$8,162$5,862
10 years$10,483$9,475$8,555$7,717$6,955$4,783
11 years$9,433$8,435$7,532$6,716$5,981$3,935
12 years$8,558$7,571$6,684$5,891$5,183$3,259
13 years$7,819$6,842$5,972$5,201$4,520$2,713
14 years$7,186$6,219$5,366$4,617$3,962$2,268
15 years$6,637$5,681$4,845$4,117$3,489$1,903
16 years$6,158$5,213$4,392$3,687$3,083$1,601
17 years$5,736$4,801$3,997$3,312$2,734$1,350
18 years$5,361$4,436$3,649$2,985$2,431$1,140
19 years$5,025$4,111$3,340$2,697$2,167$965
20 years$4,724$3,820$3,065$2,443$1,935$818
21 years$4,452$3,559$2,820$2,217$1,732$694
22 years$4,205$3,322$2,599$2,016$1,552$589
23 years$3,979$3,107$2,399$1,836$1,393$501
24 years$3,773$2,911$2,219$1,674$1,252$426
25 years$3,584$2,732$2,055$1,529$1,127$363
26 years$3,409$2,567$1,906$1,398$1,015$309
27 years$3,248$2,416$1,770$1,280$915$263
28 years$3,098$2,277$1,646$1,173$826$224
29 years$2,959$2,148$1,531$1,075$746$191
30 years$2,829$2,028$1,426$987$674$163
31 years$2,709$1,918$1,330$906$609$139
32 years$2,595$1,814$1,241$833$551$119
33 years$2,489$1,718$1,158$766$499$101
34 years$2,390$1,628$1,082$705$452$86
35 years$2,296$1,545$1,012$649$409$74
36 years$2,208$1,466$947$597$371$63
37 years$2,124$1,392$886$551$336$54
38 years$2,046$1,323$830$507$304$46
39 years$1,971$1,258$777$468$276$39
40 years$1,900$1,197$729$432$250$33
41 years$1,833$1,140$683$398$227$28
42 years$1,770$1,085$641$367$206$24
43 years$1,709$1,034$601$339$187$21
44 years$1,652$986$565$313$170$18
45 years$1,597$940$530$289$154$15
46 years$1,544$897$498$267$140$13
47 years$1,494$856$468$247$127$11
48 years$1,447$817$440$228$115$9
49 years$1,401$780$413$211$105$8
50 years$1,357$745$388$195$95$7

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 $6,570 every year, while hoping to spend $57,363 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: 43/31/26 Blend
59$1,390,000$1,390,000$1,390,000$1,390,000
60$1,538,557$1,464,887$1,443,342$1,592,808
61$1,634,456$1,475,633$1,430,660$1,642,933
62$1,738,214$1,484,982$1,415,631$1,691,232
63$1,850,572$1,492,807$1,398,115$1,742,446
64$1,972,346$1,498,969$1,377,967$1,796,878
65$2,104,430$1,503,324$1,355,034$1,854,864
66$2,247,810$1,505,715$1,329,156$1,916,778
67$2,403,570$1,505,978$1,300,166$1,983,034
68$2,572,902$1,503,939$1,267,889$2,054,094
69$2,757,117$1,499,411$1,232,142$2,130,470
70$2,957,658$1,492,197$1,192,734$2,212,730
71$3,176,112$1,482,088$1,149,463$2,301,504
72$3,414,227$1,468,862$1,102,122$2,397,493
73$3,673,926$1,452,283$1,050,491$2,501,472
74$3,957,324$1,432,103$994,340$2,614,302
75$4,266,752$1,408,057$933,431$2,736,936
76$4,604,774$1,379,865$867,514$2,870,431
77$4,974,212$1,347,230$796,327$3,015,960
78$5,378,175$1,309,838$719,598$3,174,818
79$5,820,085$1,267,356$637,041$3,348,444
80$6,303,711$1,219,433$548,358$3,538,428
81$6,833,200$1,165,696$453,239$3,746,532
82$7,413,122$1,105,751$351,358$3,974,707
83$8,048,509$1,039,181$242,377$4,225,109
84$8,744,901$965,545$125,941$4,500,126
85$9,508,402$884,378$1,681$4,802,400
86$10,345,733$795,186$0$5,134,851
87$11,264,297$697,450$0$5,537,034
88$12,272,249$590,618$0$5,979,056
89$13,378,570$474,110$0$6,464,517
90$14,593,154$347,312$0$6,997,906
91$15,926,900$209,574$0$7,584,174
92$17,391,813$60,212$0$8,228,787
93$19,001,119$0$0$8,937,776
94$20,769,387$0$0$9,752,419
95$22,712,668$0$0$10,670,447
96$24,848,646$0$0$11,679,698
97$27,196,801$0$0$12,789,400
98$29,778,595$0$0$14,009,719
99$32,617,676$0$0$15,351,860
100$35,740,096$0$0$16,828,162