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%18.9%
1 years$116,436$115,399$114,387$113,400$112,435$108,403
2 years$57,642$56,568$55,528$54,519$53,541$49,522
3 years$38,046$36,968$35,930$34,931$33,968$30,089
4 years$28,250$27,175$26,148$25,166$24,227$20,517
5 years$22,374$21,306$20,292$19,330$18,417$14,886
6 years$18,458$17,398$16,399$15,458$14,572$11,223
7 years$15,662$14,611$13,628$12,709$11,851$8,683
8 years$13,566$12,524$11,557$10,661$9,832$6,842
9 years$11,937$10,904$9,954$9,081$8,280$5,464
10 years$10,634$9,612$8,678$7,828$7,055$4,409
11 years$9,569$8,557$7,640$6,813$6,067$3,585
12 years$8,681$7,680$6,781$5,976$5,258$2,934
13 years$7,931$6,941$6,058$5,276$4,585$2,413
14 years$7,289$6,309$5,443$4,683$4,019$1,992
15 years$6,733$5,763$4,914$4,176$3,539$1,650
16 years$6,247$5,288$4,456$3,740$3,128$1,370
17 years$5,818$4,870$4,054$3,360$2,773$1,140
18 years$5,438$4,500$3,701$3,028$2,466$950
19 years$5,098$4,170$3,388$2,736$2,198$794
20 years$4,792$3,875$3,110$2,478$1,963$663
21 years$4,516$3,610$2,860$2,249$1,757$555
22 years$4,265$3,370$2,636$2,045$1,575$465
23 years$4,037$3,151$2,434$1,862$1,414$389
24 years$3,827$2,953$2,251$1,698$1,270$327
25 years$3,635$2,771$2,085$1,551$1,143$274
26 years$3,458$2,604$1,934$1,418$1,030$230
27 years$3,294$2,451$1,796$1,298$928$193
28 years$3,143$2,309$1,669$1,189$838$162
29 years$3,002$2,179$1,553$1,091$756$136
30 years$2,870$2,058$1,447$1,001$684$114
31 years$2,747$1,945$1,349$919$618$96
32 years$2,633$1,840$1,259$845$559$81
33 years$2,525$1,743$1,175$777$506$68
34 years$2,424$1,652$1,098$715$458$57
35 years$2,329$1,567$1,026$658$415$48
36 years$2,239$1,487$960$606$376$40
37 years$2,155$1,412$899$558$341$34
38 years$2,075$1,342$842$515$309$29
39 years$1,999$1,276$789$475$280$24
40 years$1,928$1,214$739$438$254$20
41 years$1,860$1,156$693$404$230$17
42 years$1,795$1,101$650$373$209$14
43 years$1,734$1,049$610$344$190$12
44 years$1,675$1,000$573$318$172$10
45 years$1,620$953$538$293$156$8
46 years$1,566$910$505$271$142$7
47 years$1,516$868$474$250$129$6
48 years$1,467$829$446$231$117$5
49 years$1,421$791$419$214$106$4
50 years$1,377$756$394$198$97$4

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 $6,861 every year, while hoping to spend $51,270 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: 37/44/19 Blend
59$1,410,000$1,410,000$1,410,000$1,410,000
60$1,560,897$1,486,167$1,464,312$1,609,470
61$1,665,558$1,504,438$1,458,816$1,663,546
62$1,779,175$1,521,887$1,451,417$1,716,585
63$1,902,610$1,538,417$1,441,998$1,772,811
64$2,036,806$1,553,930$1,430,434$1,832,538
65$2,182,804$1,568,316$1,416,598$1,896,114
66$2,341,749$1,581,463$1,400,353$1,963,928
67$2,514,899$1,593,247$1,381,557$2,036,408
68$2,703,641$1,603,538$1,360,061$2,114,031
69$2,909,500$1,612,199$1,335,711$2,197,324
70$3,134,154$1,619,082$1,308,342$2,286,871
71$3,379,452$1,624,030$1,277,785$2,383,322
72$3,647,426$1,626,878$1,243,861$2,487,392
73$3,940,317$1,627,448$1,206,384$2,599,878
74$4,260,589$1,625,553$1,165,158$2,721,660
75$4,610,958$1,620,994$1,119,979$2,853,713
76$4,994,411$1,613,559$1,070,635$2,997,115
77$5,414,241$1,603,023$1,016,901$3,153,061
78$5,874,071$1,589,148$958,544$3,322,874
79$6,377,892$1,571,682$895,321$3,508,017
80$6,930,100$1,550,358$826,977$3,710,109
81$7,535,536$1,524,891$753,247$3,930,940
82$8,199,531$1,494,980$673,850$4,172,491
83$8,927,957$1,460,309$588,499$4,436,953
84$9,727,283$1,420,539$496,888$4,726,748
85$10,604,634$1,375,313$398,702$5,044,554
86$11,567,857$1,324,254$293,609$5,393,333
87$12,625,598$1,266,962$181,264$5,776,357
88$13,787,380$1,203,014$61,307$6,197,244
89$15,063,694$1,131,962$0$6,659,990
90$16,466,097$1,053,334$0$7,182,537
91$18,007,320$966,630$0$7,770,384
92$19,701,392$871,320$0$8,416,564
93$21,563,765$766,845$0$9,127,119
94$23,611,464$652,615$0$9,908,718
95$25,863,246$528,007$0$10,768,721
96$28,339,777$392,359$0$11,715,248
97$31,063,827$244,978$0$12,757,261
98$34,060,482$85,126$0$13,904,650
99$37,357,383$0$0$15,168,326
100$40,984,983$0$0$16,602,920