Can I retire at age 60 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$115,611$114,581$113,576$112,596$111,638$109,924
2 years$57,233$56,167$55,134$54,132$53,161$51,439
3 years$37,776$36,706$35,675$34,683$33,727$32,050
4 years$28,050$26,983$25,963$24,987$24,055$22,435
5 years$22,216$21,155$20,148$19,193$18,286$16,729
6 years$18,327$17,274$16,283$15,349$14,469$12,976
7 years$15,551$14,507$13,531$12,619$11,767$10,339
8 years$13,470$12,435$11,475$10,586$9,762$8,399
9 years$11,852$10,827$9,884$9,017$8,221$6,922
10 years$10,558$9,544$8,617$7,772$7,005$5,768
11 years$9,501$8,496$7,586$6,764$6,024$4,849
12 years$8,620$7,626$6,732$5,933$5,221$4,106
13 years$7,875$6,891$6,015$5,238$4,552$3,496
14 years$7,237$6,264$5,405$4,650$3,991$2,991
15 years$6,685$5,722$4,880$4,147$3,514$2,569
16 years$6,203$5,250$4,424$3,713$3,105$2,214
17 years$5,777$4,835$4,026$3,336$2,753$1,914
18 years$5,399$4,468$3,675$3,007$2,448$1,658
19 years$5,062$4,141$3,364$2,717$2,182$1,439
20 years$4,758$3,848$3,088$2,460$1,949$1,251
21 years$4,484$3,584$2,840$2,233$1,744$1,089
22 years$4,235$3,346$2,617$2,030$1,563$950
23 years$4,008$3,129$2,417$1,849$1,403$829
24 years$3,800$2,932$2,235$1,686$1,261$724
25 years$3,609$2,751$2,070$1,540$1,135$633
26 years$3,434$2,586$1,920$1,408$1,022$554
27 years$3,271$2,434$1,783$1,289$922$485
28 years$3,120$2,293$1,657$1,181$832$425
29 years$2,980$2,163$1,542$1,083$751$373
30 years$2,850$2,043$1,437$994$679$327
31 years$2,728$1,931$1,339$913$614$287
32 years$2,614$1,827$1,250$839$555$252
33 years$2,507$1,731$1,167$771$502$221
34 years$2,407$1,640$1,090$710$455$194
35 years$2,312$1,556$1,019$653$412$170
36 years$2,224$1,477$953$602$373$150
37 years$2,140$1,402$892$554$338$131
38 years$2,060$1,333$836$511$307$115
39 years$1,985$1,267$783$471$278$101
40 years$1,914$1,206$734$435$252$89
41 years$1,847$1,148$688$401$229$78
42 years$1,782$1,093$646$370$208$69
43 years$1,721$1,042$606$342$188$61
44 years$1,663$993$569$315$171$53
45 years$1,608$947$534$291$155$47
46 years$1,555$903$501$269$141$41
47 years$1,505$862$471$249$128$36
48 years$1,457$823$443$230$116$32
49 years$1,411$786$416$212$106$28
50 years$1,367$751$391$196$96$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,400,000, adding $2,934 every year, while hoping to spend $20,145 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: 58/31/11 Blend
59$1,400,000$1,400,000$1,400,000$1,400,000
60$1,545,826$1,471,626$1,449,926$1,631,187
61$1,682,067$1,522,302$1,477,065$1,739,740
62$1,831,528$1,574,785$1,504,437$1,855,501
63$1,995,538$1,629,144$1,532,030$1,981,198
64$2,175,559$1,685,448$1,559,829$2,117,786
65$2,373,201$1,743,770$1,587,818$2,266,316
66$2,590,238$1,804,185$1,615,981$2,427,945
67$2,828,624$1,866,772$1,644,298$2,603,946
68$3,090,513$1,931,613$1,672,751$2,795,718
69$3,378,275$1,998,792$1,701,318$3,004,803
70$3,694,524$2,068,398$1,729,977$3,232,897
71$4,042,137$2,140,521$1,758,703$3,481,867
72$4,424,286$2,215,258$1,787,471$3,753,768
73$4,844,465$2,292,707$1,816,253$4,050,861
74$5,306,523$2,372,972$1,845,019$4,375,638
75$5,814,700$2,456,159$1,873,739$4,730,840
76$6,373,669$2,542,381$1,902,379$5,119,486
77$6,988,577$2,631,752$1,930,903$5,544,900
78$7,665,097$2,724,393$1,959,273$6,010,743
79$8,409,479$2,820,429$1,987,450$6,521,044
80$9,228,607$2,919,992$2,015,391$7,080,243
81$10,130,069$3,023,216$2,043,051$7,693,229
82$11,122,225$3,130,242$2,070,382$8,365,384
83$12,214,286$3,241,218$2,097,334$9,102,639
84$13,416,401$3,356,295$2,123,853$9,911,524
85$14,739,754$3,475,634$2,149,882$10,799,233
86$16,196,668$3,599,399$2,175,362$11,773,689
87$17,800,721$3,727,762$2,200,230$12,843,619
88$19,566,875$3,860,903$2,224,418$14,018,638
89$21,511,617$3,999,009$2,247,857$15,309,336
90$23,653,114$4,142,272$2,270,472$16,727,380
91$26,011,384$4,290,895$2,292,185$18,285,620
92$28,608,485$4,445,089$2,312,913$19,998,216
93$31,468,725$4,605,073$2,332,570$21,880,764
94$34,618,888$4,771,074$2,351,064$23,950,449
95$38,088,488$4,943,331$2,368,298$26,226,201
96$41,910,050$5,122,090$2,384,172$28,728,877
97$46,119,411$5,307,609$2,398,578$31,481,455
98$50,756,066$5,500,156$2,411,405$34,509,253
99$55,863,532$5,700,011$2,422,535$37,840,163
100$61,489,766$5,907,465$2,431,843$41,504,918