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%18.6%
1 years$114,785$113,762$112,765$111,791$110,841$106,993
2 years$56,824$55,766$54,740$53,746$52,781$48,945
3 years$37,507$36,444$35,421$34,435$33,487$29,782
4 years$27,850$26,790$25,777$24,809$23,883$20,338
5 years$22,057$21,004$20,004$19,056$18,155$14,779
6 years$18,196$17,151$16,166$15,239$14,366$11,162
7 years$15,440$14,403$13,434$12,529$11,683$8,650
8 years$13,374$12,346$11,393$10,510$9,692$6,828
9 years$11,767$10,750$9,813$8,952$8,162$5,463
10 years$10,483$9,475$8,555$7,717$6,955$4,416
11 years$9,433$8,435$7,532$6,716$5,981$3,598
12 years$8,558$7,571$6,684$5,891$5,183$2,950
13 years$7,819$6,842$5,972$5,201$4,520$2,431
14 years$7,186$6,219$5,366$4,617$3,962$2,011
15 years$6,637$5,681$4,845$4,117$3,489$1,669
16 years$6,158$5,213$4,392$3,687$3,083$1,389
17 years$5,736$4,801$3,997$3,312$2,734$1,159
18 years$5,361$4,436$3,649$2,985$2,431$968
19 years$5,025$4,111$3,340$2,697$2,167$810
20 years$4,724$3,820$3,065$2,443$1,935$679
21 years$4,452$3,559$2,820$2,217$1,732$569
22 years$4,205$3,322$2,599$2,016$1,552$478
23 years$3,979$3,107$2,399$1,836$1,393$401
24 years$3,773$2,911$2,219$1,674$1,252$337
25 years$3,584$2,732$2,055$1,529$1,127$284
26 years$3,409$2,567$1,906$1,398$1,015$239
27 years$3,248$2,416$1,770$1,280$915$201
28 years$3,098$2,277$1,646$1,173$826$169
29 years$2,959$2,148$1,531$1,075$746$142
30 years$2,829$2,028$1,426$987$674$120
31 years$2,709$1,918$1,330$906$609$101
32 years$2,595$1,814$1,241$833$551$85
33 years$2,489$1,718$1,158$766$499$72
34 years$2,390$1,628$1,082$705$452$60
35 years$2,296$1,545$1,012$649$409$51
36 years$2,208$1,466$947$597$371$43
37 years$2,124$1,392$886$551$336$36
38 years$2,046$1,323$830$507$304$31
39 years$1,971$1,258$777$468$276$26
40 years$1,900$1,197$729$432$250$22
41 years$1,833$1,140$683$398$227$18
42 years$1,770$1,085$641$367$206$15
43 years$1,709$1,034$601$339$187$13
44 years$1,652$986$565$313$170$11
45 years$1,597$940$530$289$154$9
46 years$1,544$897$498$267$140$8
47 years$1,494$856$468$247$127$7
48 years$1,447$817$440$228$115$6
49 years$1,401$780$413$211$105$5
50 years$1,357$745$388$195$95$4

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 $2,446 every year, while hoping to spend $59,006 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: 60/32/8 Blend
59$1,390,000$1,390,000$1,390,000$1,390,000
60$1,534,303$1,460,633$1,439,088$1,623,570
61$1,628,020$1,469,422$1,424,516$1,692,476
62$1,729,319$1,476,664$1,407,477$1,760,635
63$1,838,910$1,482,221$1,387,828$1,833,499
64$1,957,575$1,485,947$1,365,417$1,911,526
65$2,086,173$1,487,684$1,340,084$1,995,216
66$2,225,650$1,487,267$1,311,664$2,085,127
67$2,377,044$1,484,521$1,279,982$2,181,871
68$2,541,498$1,479,258$1,244,857$2,286,127
69$2,720,269$1,471,280$1,206,099$2,398,643
70$2,914,740$1,460,377$1,163,507$2,520,248
71$3,126,433$1,446,325$1,116,874$2,651,854
72$3,357,022$1,428,888$1,065,982$2,794,473
73$3,608,350$1,407,814$1,010,603$2,949,220
74$3,882,443$1,382,839$950,500$3,117,325
75$4,181,535$1,353,680$885,424$3,300,152
76$4,508,080$1,320,040$815,115$3,499,201
77$4,864,785$1,281,602$739,302$3,716,133
78$5,254,624$1,238,032$657,700$3,952,782
79$5,680,877$1,188,977$570,014$4,211,170
80$6,147,152$1,134,062$475,935$4,493,533
81$6,657,422$1,072,891$375,139$4,802,340
82$7,216,061$1,005,045$267,289$5,140,313
83$7,827,889$930,082$152,033$5,510,463
84$8,498,211$847,533$29,003$5,916,109
85$9,232,870$756,904$0$6,360,917
86$10,038,301$657,670$0$6,857,666
87$10,921,591$549,280$0$7,405,300
88$11,890,548$431,149$0$8,006,306
89$12,953,770$302,661$0$8,666,163
90$14,120,727$163,165$0$9,390,914
91$15,401,853$11,971$0$10,187,227
92$16,808,639$0$0$11,062,456
93$18,353,745$0$0$12,078,112
94$20,051,116$0$0$13,198,606
95$21,916,116$0$0$14,429,880
96$23,965,669$0$0$15,783,121
97$26,218,421$0$0$17,270,656
98$28,694,914$0$0$18,906,067
99$31,417,779$0$0$20,704,314
100$34,411,949$0$0$22,681,882