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

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$115,611$114,581$113,576$112,596$111,638$108,368
2 years$57,233$56,167$55,134$54,132$53,161$49,893
3 years$37,776$36,706$35,675$34,683$33,727$30,564
4 years$28,050$26,983$25,963$24,987$24,055$21,020
5 years$22,216$21,155$20,148$19,193$18,286$15,389
6 years$18,327$17,274$16,283$15,349$14,469$11,711
7 years$15,551$14,507$13,531$12,619$11,767$9,149
8 years$13,470$12,435$11,475$10,586$9,762$7,282
9 years$11,852$10,827$9,884$9,017$8,221$5,876
10 years$10,558$9,544$8,617$7,772$7,005$4,792
11 years$9,501$8,496$7,586$6,764$6,024$3,940
12 years$8,620$7,626$6,732$5,933$5,221$3,261
13 years$7,875$6,891$6,015$5,238$4,552$2,713
14 years$7,237$6,264$5,405$4,650$3,991$2,266
15 years$6,685$5,722$4,880$4,147$3,514$1,900
16 years$6,203$5,250$4,424$3,713$3,105$1,597
17 years$5,777$4,835$4,026$3,336$2,753$1,346
18 years$5,399$4,468$3,675$3,007$2,448$1,136
19 years$5,062$4,141$3,364$2,717$2,182$961
20 years$4,758$3,848$3,088$2,460$1,949$814
21 years$4,484$3,584$2,840$2,233$1,744$690
22 years$4,235$3,346$2,617$2,030$1,563$585
23 years$4,008$3,129$2,417$1,849$1,403$497
24 years$3,800$2,932$2,235$1,686$1,261$423
25 years$3,609$2,751$2,070$1,540$1,135$359
26 years$3,434$2,586$1,920$1,408$1,022$306
27 years$3,271$2,434$1,783$1,289$922$260
28 years$3,120$2,293$1,657$1,181$832$222
29 years$2,980$2,163$1,542$1,083$751$189
30 years$2,850$2,043$1,437$994$679$161
31 years$2,728$1,931$1,339$913$614$137
32 years$2,614$1,827$1,250$839$555$117
33 years$2,507$1,731$1,167$771$502$100
34 years$2,407$1,640$1,090$710$455$85
35 years$2,312$1,556$1,019$653$412$72
36 years$2,224$1,477$953$602$373$62
37 years$2,140$1,402$892$554$338$53
38 years$2,060$1,333$836$511$307$45
39 years$1,985$1,267$783$471$278$38
40 years$1,914$1,206$734$435$252$33
41 years$1,847$1,148$688$401$229$28
42 years$1,782$1,093$646$370$208$24
43 years$1,721$1,042$606$342$188$20
44 years$1,663$993$569$315$171$17
45 years$1,608$947$534$291$155$15
46 years$1,555$903$501$269$141$13
47 years$1,505$862$471$249$128$11
48 years$1,457$823$443$230$116$9
49 years$1,411$786$416$212$106$8
50 years$1,367$751$391$196$96$7

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 $3,981 every year, while hoping to spend $43,712 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: 71/24/5 Blend
59$1,400,000$1,400,000$1,400,000$1,400,000
60$1,546,906$1,472,706$1,451,006$1,655,727
61$1,658,182$1,498,360$1,453,106$1,753,704
62$1,779,342$1,523,805$1,453,811$1,855,070
63$1,911,349$1,548,986$1,453,028$1,964,784
64$2,055,263$1,573,842$1,450,660$2,083,654
65$2,212,247$1,598,308$1,446,605$2,212,570
66$2,383,586$1,622,315$1,440,756$2,352,513
67$2,570,690$1,645,787$1,432,999$2,504,563
68$2,775,114$1,668,644$1,423,219$2,669,909
69$2,998,570$1,690,801$1,411,290$2,849,863
70$3,242,940$1,712,166$1,397,084$3,045,869
71$3,510,299$1,732,642$1,380,466$3,259,518
72$3,802,931$1,752,123$1,361,293$3,492,565
73$4,123,351$1,770,498$1,339,417$3,746,940
74$4,474,327$1,787,647$1,314,683$4,024,774
75$4,858,912$1,803,445$1,286,927$4,328,411
76$5,280,462$1,817,754$1,255,980$4,660,438
77$5,742,677$1,830,433$1,221,664$5,023,703
78$6,249,632$1,841,326$1,183,792$5,421,347
79$6,805,814$1,850,270$1,142,168$5,856,829
80$7,416,166$1,857,093$1,096,590$6,333,963
81$8,086,133$1,861,609$1,046,844$6,856,952
82$8,821,713$1,863,622$992,708$7,430,427
83$9,629,512$1,862,924$933,948$8,059,494
84$10,516,808$1,859,293$870,321$8,749,779
85$11,491,619$1,852,494$801,573$9,507,483
86$12,562,776$1,842,278$727,437$10,339,440
87$13,740,010$1,828,380$647,637$11,253,182
88$15,034,040$1,810,521$561,883$12,257,011
89$16,456,677$1,788,401$469,870$13,360,077
90$18,020,932$1,761,706$371,285$14,572,466
91$19,741,139$1,730,102$265,795$15,905,292
92$21,633,093$1,693,234$153,056$17,370,806
93$23,714,194$1,650,729$32,710$18,982,510
94$26,003,615$1,602,188$0$20,755,286
95$28,522,480$1,547,191$0$22,710,643
96$31,294,064$1,485,295$0$24,863,746
97$34,344,012$1,416,027$0$27,232,796
98$37,700,580$1,338,891$0$29,839,775
99$41,394,902$1,253,360$0$32,708,911
100$45,461,284$1,158,877$0$35,866,906