Can I retire at age 60 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$116,436$115,399$114,387$113,400$112,435$108,145
2 years$57,642$56,568$55,528$54,519$53,541$49,269
3 years$38,046$36,968$35,930$34,931$33,968$29,849
4 years$28,250$27,175$26,148$25,166$24,227$20,292
5 years$22,374$21,306$20,292$19,330$18,417$14,676
6 years$18,458$17,398$16,399$15,458$14,572$11,029
7 years$15,662$14,611$13,628$12,709$11,851$8,503
8 years$13,566$12,524$11,557$10,661$9,832$6,677
9 years$11,937$10,904$9,954$9,081$8,280$5,313
10 years$10,634$9,612$8,678$7,828$7,055$4,270
11 years$9,569$8,557$7,640$6,813$6,067$3,459
12 years$8,681$7,680$6,781$5,976$5,258$2,819
13 years$7,931$6,941$6,058$5,276$4,585$2,309
14 years$7,289$6,309$5,443$4,683$4,019$1,898
15 years$6,733$5,763$4,914$4,176$3,539$1,565
16 years$6,247$5,288$4,456$3,740$3,128$1,294
17 years$5,818$4,870$4,054$3,360$2,773$1,072
18 years$5,438$4,500$3,701$3,028$2,466$890
19 years$5,098$4,170$3,388$2,736$2,198$740
20 years$4,792$3,875$3,110$2,478$1,963$615
21 years$4,516$3,610$2,860$2,249$1,757$513
22 years$4,265$3,370$2,636$2,045$1,575$427
23 years$4,037$3,151$2,434$1,862$1,414$356
24 years$3,827$2,953$2,251$1,698$1,270$297
25 years$3,635$2,771$2,085$1,551$1,143$248
26 years$3,458$2,604$1,934$1,418$1,030$207
27 years$3,294$2,451$1,796$1,298$928$173
28 years$3,143$2,309$1,669$1,189$838$145
29 years$3,002$2,179$1,553$1,091$756$121
30 years$2,870$2,058$1,447$1,001$684$101
31 years$2,747$1,945$1,349$919$618$85
32 years$2,633$1,840$1,259$845$559$71
33 years$2,525$1,743$1,175$777$506$59
34 years$2,424$1,652$1,098$715$458$49
35 years$2,329$1,567$1,026$658$415$41
36 years$2,239$1,487$960$606$376$35
37 years$2,155$1,412$899$558$341$29
38 years$2,075$1,342$842$515$309$24
39 years$1,999$1,276$789$475$280$20
40 years$1,928$1,214$739$438$254$17
41 years$1,860$1,156$693$404$230$14
42 years$1,795$1,101$650$373$209$12
43 years$1,734$1,049$610$344$190$10
44 years$1,675$1,000$573$318$172$8
45 years$1,620$953$538$293$156$7
46 years$1,566$910$505$271$142$6
47 years$1,516$868$474$250$129$5
48 years$1,467$829$446$231$117$4
49 years$1,421$791$419$214$106$3
50 years$1,377$756$394$198$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,410,000, adding $6,379 every year, while hoping to spend $59,245 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: 76/6/18 Blend
59$1,410,000$1,410,000$1,410,000$1,410,000
60$1,560,400$1,485,670$1,463,815$1,672,119
61$1,656,525$1,495,432$1,449,817$1,756,656
62$1,760,468$1,503,686$1,433,364$1,841,342
63$1,872,966$1,510,296$1,414,311$1,932,610
64$1,994,826$1,515,118$1,392,508$2,031,100
65$2,126,936$1,517,997$1,367,795$2,137,517
66$2,270,273$1,518,769$1,340,006$2,252,638
67$2,425,913$1,517,260$1,308,968$2,377,321
68$2,595,035$1,513,285$1,274,498$2,512,509
69$2,778,941$1,506,649$1,236,406$2,659,243
70$2,979,061$1,497,142$1,194,493$2,818,672
71$3,196,968$1,484,545$1,148,551$2,992,061
72$3,434,394$1,468,623$1,098,363$3,180,806
73$3,693,244$1,449,127$1,043,700$3,386,444
74$3,975,617$1,425,796$984,325$3,610,671
75$4,283,819$1,398,350$919,990$3,855,358
76$4,620,393$1,366,493$850,434$4,122,566
77$4,988,135$1,329,914$775,386$4,414,568
78$5,390,126$1,288,280$694,562$4,733,869
79$5,829,756$1,241,243$607,667$5,083,233
80$6,310,758$1,188,431$514,391$5,465,706
81$6,837,242$1,129,451$414,410$5,884,645
82$7,413,736$1,063,889$307,388$6,343,754
83$8,045,224$991,306$192,972$6,847,113
84$8,737,194$911,238$70,794$7,399,225
85$9,495,694$823,195$0$8,005,048
86$10,327,381$726,657$0$8,681,499
87$11,239,588$621,078$0$9,438,417
88$12,240,393$505,878$0$10,268,918
89$13,338,693$380,446$0$11,180,415
90$14,544,288$244,135$0$12,181,074
91$15,867,972$96,265$0$13,279,893
92$17,321,637$0$0$14,486,785
93$18,918,382$0$0$15,816,892
94$20,672,639$0$0$17,285,247
95$22,600,304$0$0$18,898,807
96$24,718,892$0$0$20,672,240
97$27,047,696$0$0$22,621,705
98$29,607,973$0$0$24,765,003
99$32,423,144$0$0$27,121,748
100$35,519,009$0$0$29,713,549