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%19.1%
1 years$115,611$114,581$113,576$112,596$111,638$107,549
2 years$57,233$56,167$55,134$54,132$53,161$49,087
3 years$37,776$36,706$35,675$34,683$33,727$29,796
4 years$28,050$26,983$25,963$24,987$24,055$20,296
5 years$22,216$21,155$20,148$19,193$18,286$14,711
6 years$18,327$17,274$16,283$15,349$14,469$11,079
7 years$15,551$14,507$13,531$12,619$11,767$8,562
8 years$13,470$12,435$11,475$10,586$9,762$6,738
9 years$11,852$10,827$9,884$9,017$8,221$5,375
10 years$10,558$9,544$8,617$7,772$7,005$4,331
11 years$9,501$8,496$7,586$6,764$6,024$3,518
12 years$8,620$7,626$6,732$5,933$5,221$2,875
13 years$7,875$6,891$6,015$5,238$4,552$2,361
14 years$7,237$6,264$5,405$4,650$3,991$1,946
15 years$6,685$5,722$4,880$4,147$3,514$1,610
16 years$6,203$5,250$4,424$3,713$3,105$1,335
17 years$5,777$4,835$4,026$3,336$2,753$1,109
18 years$5,399$4,468$3,675$3,007$2,448$923
19 years$5,062$4,141$3,364$2,717$2,182$770
20 years$4,758$3,848$3,088$2,460$1,949$642
21 years$4,484$3,584$2,840$2,233$1,744$537
22 years$4,235$3,346$2,617$2,030$1,563$449
23 years$4,008$3,129$2,417$1,849$1,403$375
24 years$3,800$2,932$2,235$1,686$1,261$314
25 years$3,609$2,751$2,070$1,540$1,135$263
26 years$3,434$2,586$1,920$1,408$1,022$221
27 years$3,271$2,434$1,783$1,289$922$185
28 years$3,120$2,293$1,657$1,181$832$155
29 years$2,980$2,163$1,542$1,083$751$130
30 years$2,850$2,043$1,437$994$679$109
31 years$2,728$1,931$1,339$913$614$91
32 years$2,614$1,827$1,250$839$555$77
33 years$2,507$1,731$1,167$771$502$64
34 years$2,407$1,640$1,090$710$455$54
35 years$2,312$1,556$1,019$653$412$45
36 years$2,224$1,477$953$602$373$38
37 years$2,140$1,402$892$554$338$32
38 years$2,060$1,333$836$511$307$27
39 years$1,985$1,267$783$471$278$23
40 years$1,914$1,206$734$435$252$19
41 years$1,847$1,148$688$401$229$16
42 years$1,782$1,093$646$370$208$13
43 years$1,721$1,042$606$342$188$11
44 years$1,663$993$569$315$171$9
45 years$1,608$947$534$291$155$8
46 years$1,555$903$501$269$141$7
47 years$1,505$862$471$249$128$6
48 years$1,457$823$443$230$116$5
49 years$1,411$786$416$212$106$4
50 years$1,367$751$391$196$96$3

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 $5,637 every year, while hoping to spend $43,136 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: 53/20/27 Blend
59$1,400,000$1,400,000$1,400,000$1,400,000
60$1,548,615$1,474,415$1,452,715$1,618,765
61$1,660,677$1,500,765$1,455,484$1,694,287
62$1,782,724$1,526,960$1,456,901$1,771,566
63$1,915,728$1,552,948$1,456,874$1,854,802
64$2,060,761$1,578,670$1,455,307$1,944,582
65$2,219,000$1,604,067$1,452,102$2,041,552
66$2,391,743$1,629,071$1,447,152$2,146,429
67$2,580,418$1,653,612$1,440,348$2,259,999
68$2,786,596$1,677,615$1,431,575$2,383,134
69$3,012,007$1,700,997$1,420,712$2,516,793
70$3,258,558$1,723,672$1,407,632$2,662,036
71$3,528,346$1,745,547$1,392,203$2,820,032
72$3,823,681$1,766,522$1,374,285$2,992,069
73$4,147,107$1,786,491$1,353,734$3,179,572
74$4,501,424$1,805,342$1,330,396$3,384,110
75$4,889,718$1,822,952$1,304,113$3,607,416
76$5,315,386$1,839,194$1,274,718$3,851,399
77$5,782,170$1,853,929$1,242,036$4,118,168
78$6,294,192$1,867,012$1,205,884$4,410,050
79$6,855,990$1,878,286$1,166,072$4,729,608
80$7,472,565$1,887,587$1,122,399$5,079,674
81$8,149,425$1,894,736$1,074,658$5,463,368
82$8,892,636$1,899,548$1,022,628$5,884,135
83$9,708,881$1,901,823$966,083$6,345,772
84$10,605,523$1,901,348$904,783$6,852,469
85$11,590,673$1,897,900$838,480$7,408,845
86$12,673,264$1,891,240$766,912$8,019,997
87$13,863,141$1,881,115$689,807$8,691,545
88$15,171,146$1,867,255$606,880$9,429,687
89$16,609,229$1,849,375$517,836$10,241,259
90$18,190,550$1,827,175$422,364$11,133,797
91$19,929,612$1,800,332$320,139$12,115,616
92$21,842,393$1,768,509$210,824$13,195,882
93$23,946,496$1,731,345$94,066$14,384,703
94$26,261,318$1,688,460$0$15,693,224
95$28,808,228$1,639,450$0$17,142,532
96$31,610,772$1,583,889$0$18,766,874
97$34,694,896$1,521,324$0$20,554,179
98$38,089,185$1,451,279$0$22,521,042
99$41,825,137$1,373,246$0$24,685,752
100$45,937,457$1,286,692$0$27,068,466