Can I retire at age 60 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$109,679
2 years$58,459$57,371$56,316$55,292$54,300$49,968
3 years$38,586$37,492$36,440$35,426$34,450$30,273
4 years$28,651$27,561$26,519$25,523$24,570$20,580
5 years$22,692$21,608$20,580$19,604$18,678$14,884
6 years$18,720$17,645$16,631$15,677$14,779$11,185
7 years$15,884$14,818$13,821$12,889$12,019$8,624
8 years$13,758$12,702$11,721$10,812$9,971$6,771
9 years$12,106$11,059$10,095$9,210$8,397$5,388
10 years$10,785$9,748$8,801$7,939$7,155$4,331
11 years$9,704$8,678$7,749$6,909$6,153$3,508
12 years$8,805$7,789$6,877$6,060$5,332$2,859
13 years$8,044$7,039$6,144$5,350$4,650$2,342
14 years$7,393$6,398$5,520$4,749$4,076$1,925
15 years$6,828$5,845$4,984$4,236$3,589$1,588
16 years$6,335$5,363$4,519$3,793$3,172$1,313
17 years$5,901$4,939$4,112$3,408$2,812$1,088
18 years$5,515$4,564$3,754$3,071$2,501$903
19 years$5,170$4,230$3,436$2,775$2,229$750
20 years$4,860$3,930$3,154$2,513$1,991$624
21 years$4,580$3,661$2,901$2,281$1,782$520
22 years$4,326$3,417$2,674$2,074$1,597$433
23 years$4,094$3,196$2,469$1,889$1,434$361
24 years$3,882$2,995$2,283$1,723$1,289$302
25 years$3,687$2,810$2,114$1,573$1,159$252
26 years$3,507$2,641$1,961$1,438$1,044$210
27 years$3,341$2,486$1,821$1,317$942$176
28 years$3,187$2,342$1,693$1,206$850$147
29 years$3,044$2,210$1,575$1,106$767$123
30 years$2,911$2,087$1,467$1,015$693$103
31 years$2,786$1,973$1,368$932$627$86
32 years$2,670$1,867$1,276$857$567$72
33 years$2,561$1,768$1,192$788$513$60
34 years$2,458$1,675$1,114$725$465$50
35 years$2,362$1,589$1,041$667$421$42
36 years$2,271$1,508$974$615$381$35
37 years$2,185$1,432$912$566$346$29
38 years$2,104$1,361$854$522$313$25
39 years$2,028$1,295$800$481$284$21
40 years$1,955$1,232$750$444$258$17
41 years$1,886$1,172$703$410$234$14
42 years$1,821$1,117$659$378$212$12
43 years$1,758$1,064$619$349$192$10
44 years$1,699$1,014$581$322$175$8
45 years$1,643$967$545$298$159$7
46 years$1,589$922$512$275$144$6
47 years$1,537$880$481$254$131$5
48 years$1,488$840$452$235$119$4
49 years$1,441$803$425$217$108$3
50 years$1,396$767$400$200$98$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,430,000, adding $2,294 every year, while hoping to spend $41,453 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: 42/47/11 Blend
59$1,430,000$1,430,000$1,430,000$1,430,000
60$1,578,226$1,502,436$1,480,271$1,639,332
61$1,695,100$1,531,950$1,485,755$1,711,833
62$1,822,505$1,561,521$1,490,032$1,785,963
63$1,961,472$1,591,107$1,493,020$1,865,309
64$2,113,136$1,620,665$1,494,630$1,950,364
65$2,278,745$1,650,146$1,494,769$2,041,672
66$2,459,673$1,679,500$1,493,340$2,139,831
67$2,657,433$1,708,669$1,490,241$2,245,504
68$2,873,692$1,737,594$1,485,364$2,359,420
69$3,110,282$1,766,210$1,478,598$2,482,383
70$3,369,224$1,794,447$1,469,824$2,615,281
71$3,652,742$1,822,232$1,458,920$2,759,091
72$3,963,284$1,849,484$1,445,756$2,914,893
73$4,303,547$1,876,116$1,430,197$3,083,878
74$4,676,501$1,902,039$1,412,101$3,267,360
75$5,085,417$1,927,151$1,391,319$3,466,786
76$5,533,898$1,951,350$1,367,697$3,683,755
77$6,025,912$1,974,522$1,341,071$3,920,030
78$6,565,829$1,996,548$1,311,271$4,177,556
79$7,158,463$2,017,299$1,278,118$4,458,476
80$7,809,119$2,036,639$1,241,428$4,765,159
81$8,523,637$2,054,422$1,201,003$5,100,212
82$9,308,452$2,070,493$1,156,641$5,466,516
83$10,170,654$2,084,687$1,108,128$5,867,245
84$11,118,051$2,096,827$1,055,241$6,305,903
85$12,159,248$2,106,727$997,747$6,786,353
86$13,303,722$2,114,188$935,403$7,312,855
87$14,561,916$2,118,997$867,953$7,890,111
88$15,945,334$2,120,930$795,132$8,523,303
89$17,466,650$2,119,749$716,661$9,218,149
90$19,139,831$2,115,198$632,251$9,980,954
91$20,980,260$2,107,010$541,598$10,818,673
92$23,004,890$2,094,897$444,386$11,738,974
93$25,232,399$2,078,557$340,283$12,750,316
94$27,683,366$2,057,668$228,944$13,862,026
95$30,380,465$2,031,890$110,010$15,084,390
96$33,348,680$2,000,860$0$16,428,750
97$36,615,540$1,964,196$0$17,909,600
98$40,211,375$1,921,493$0$19,552,655
99$44,169,610$1,872,320$0$21,360,247
100$48,527,069$1,816,223$0$23,349,197