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%18%
1 years$114,785$113,762$112,765$111,791$110,841$107,250
2 years$56,824$55,766$54,740$53,746$52,781$49,197
3 years$37,507$36,444$35,421$34,435$33,487$30,022
4 years$27,850$26,790$25,777$24,809$23,883$20,564
5 years$22,057$21,004$20,004$19,056$18,155$14,991
6 years$18,196$17,151$16,166$15,239$14,366$11,359
7 years$15,440$14,403$13,434$12,529$11,683$8,833
8 years$13,374$12,346$11,393$10,510$9,692$6,997
9 years$11,767$10,750$9,813$8,952$8,162$5,619
10 years$10,483$9,475$8,555$7,717$6,955$4,560
11 years$9,433$8,435$7,532$6,716$5,981$3,730
12 years$8,558$7,571$6,684$5,891$5,183$3,070
13 years$7,819$6,842$5,972$5,201$4,520$2,540
14 years$7,186$6,219$5,366$4,617$3,962$2,110
15 years$6,637$5,681$4,845$4,117$3,489$1,759
16 years$6,158$5,213$4,392$3,687$3,083$1,470
17 years$5,736$4,801$3,997$3,312$2,734$1,232
18 years$5,361$4,436$3,649$2,985$2,431$1,034
19 years$5,025$4,111$3,340$2,697$2,167$869
20 years$4,724$3,820$3,065$2,443$1,935$731
21 years$4,452$3,559$2,820$2,217$1,732$616
22 years$4,205$3,322$2,599$2,016$1,552$520
23 years$3,979$3,107$2,399$1,836$1,393$439
24 years$3,773$2,911$2,219$1,674$1,252$370
25 years$3,584$2,732$2,055$1,529$1,127$313
26 years$3,409$2,567$1,906$1,398$1,015$265
27 years$3,248$2,416$1,770$1,280$915$224
28 years$3,098$2,277$1,646$1,173$826$189
29 years$2,959$2,148$1,531$1,075$746$160
30 years$2,829$2,028$1,426$987$674$136
31 years$2,709$1,918$1,330$906$609$115
32 years$2,595$1,814$1,241$833$551$97
33 years$2,489$1,718$1,158$766$499$82
34 years$2,390$1,628$1,082$705$452$70
35 years$2,296$1,545$1,012$649$409$59
36 years$2,208$1,466$947$597$371$50
37 years$2,124$1,392$886$551$336$42
38 years$2,046$1,323$830$507$304$36
39 years$1,971$1,258$777$468$276$30
40 years$1,900$1,197$729$432$250$26
41 years$1,833$1,140$683$398$227$22
42 years$1,770$1,085$641$367$206$18
43 years$1,709$1,034$601$339$187$16
44 years$1,652$986$565$313$170$13
45 years$1,597$940$530$289$154$11
46 years$1,544$897$498$267$140$10
47 years$1,494$856$468$247$127$8
48 years$1,447$817$440$228$115$7
49 years$1,401$780$413$211$105$6
50 years$1,357$745$388$195$95$5

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 $3,466 every year, while hoping to spend $59,284 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: 30/49/21 Blend
59$1,390,000$1,390,000$1,390,000$1,390,000
60$1,535,355$1,461,685$1,440,140$1,571,250
61$1,628,884$1,470,230$1,425,307$1,607,452
62$1,729,965$1,477,207$1,407,990$1,640,820
63$1,839,307$1,482,476$1,388,044$1,675,474
64$1,957,688$1,485,889$1,365,315$1,711,562
65$2,085,964$1,487,288$1,339,644$1,749,252
66$2,225,074$1,486,507$1,310,864$1,788,733
67$2,376,053$1,483,367$1,278,799$1,830,216
68$2,540,038$1,477,680$1,243,267$1,873,943
69$2,718,281$1,469,246$1,204,076$1,920,181
70$2,912,159$1,457,852$1,161,025$1,969,233
71$3,123,185$1,443,273$1,113,906$2,021,440
72$3,353,027$1,425,270$1,062,498$2,077,182
73$3,603,517$1,403,590$1,006,574$2,136,885
74$3,876,675$1,377,965$945,893$2,201,028
75$4,174,722$1,348,111$880,206$2,270,144
76$4,500,101$1,313,726$809,251$2,344,830
77$4,855,506$1,274,493$732,755$2,425,753
78$5,243,898$1,230,074$650,433$2,513,658
79$5,668,540$1,180,112$561,987$2,609,375
80$6,133,023$1,124,229$467,106$2,713,831
81$6,641,302$1,062,027$365,464$2,828,056
82$7,197,730$993,082$256,722$2,953,199
83$7,807,103$916,947$140,527$3,090,541
84$8,474,701$833,151$16,508$3,241,502
85$9,206,339$741,194$0$3,407,667
86$10,008,421$640,548$0$3,616,749
87$10,888,002$530,657$0$3,850,383
88$11,852,849$410,930$0$4,107,129
89$12,911,521$280,746$0$4,389,497
90$14,073,442$139,449$0$4,700,264
91$15,348,994$0$0$5,042,505
92$16,749,615$0$0$5,426,987
93$18,287,903$0$0$5,932,067
94$19,977,735$0$0$6,487,137
95$21,834,401$0$0$7,097,249
96$23,874,743$0$0$7,767,969
97$26,117,317$0$0$8,505,425
98$28,582,566$0$0$9,316,374
99$31,293,009$0$0$10,208,257
100$34,273,462$0$0$11,189,272