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

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$118,088$117,036$116,010$115,008$114,030$113,122
2 years$58,459$57,371$56,316$55,292$54,300$53,385
3 years$38,586$37,492$36,440$35,426$34,450$33,556
4 years$28,651$27,561$26,519$25,523$24,570$23,704
5 years$22,692$21,608$20,580$19,604$18,678$17,842
6 years$18,720$17,645$16,631$15,677$14,779$13,975
7 years$15,884$14,818$13,821$12,889$12,019$11,247
8 years$13,758$12,702$11,721$10,812$9,971$9,231
9 years$12,106$11,059$10,095$9,210$8,397$7,688
10 years$10,785$9,748$8,801$7,939$7,155$6,477
11 years$9,704$8,678$7,749$6,909$6,153$5,507
12 years$8,805$7,789$6,877$6,060$5,332$4,716
13 years$8,044$7,039$6,144$5,350$4,650$4,063
14 years$7,393$6,398$5,520$4,749$4,076$3,518
15 years$6,828$5,845$4,984$4,236$3,589$3,059
16 years$6,335$5,363$4,519$3,793$3,172$2,669
17 years$5,901$4,939$4,112$3,408$2,812$2,336
18 years$5,515$4,564$3,754$3,071$2,501$2,050
19 years$5,170$4,230$3,436$2,775$2,229$1,803
20 years$4,860$3,930$3,154$2,513$1,991$1,588
21 years$4,580$3,661$2,901$2,281$1,782$1,402
22 years$4,326$3,417$2,674$2,074$1,597$1,239
23 years$4,094$3,196$2,469$1,889$1,434$1,097
24 years$3,882$2,995$2,283$1,723$1,289$971
25 years$3,687$2,810$2,114$1,573$1,159$862
26 years$3,507$2,641$1,961$1,438$1,044$765
27 years$3,341$2,486$1,821$1,317$942$679
28 years$3,187$2,342$1,693$1,206$850$604
29 years$3,044$2,210$1,575$1,106$767$537
30 years$2,911$2,087$1,467$1,015$693$478
31 years$2,786$1,973$1,368$932$627$425
32 years$2,670$1,867$1,276$857$567$379
33 years$2,561$1,768$1,192$788$513$338
34 years$2,458$1,675$1,114$725$465$301
35 years$2,362$1,589$1,041$667$421$268
36 years$2,271$1,508$974$615$381$239
37 years$2,185$1,432$912$566$346$213
38 years$2,104$1,361$854$522$313$190
39 years$2,028$1,295$800$481$284$170
40 years$1,955$1,232$750$444$258$152
41 years$1,886$1,172$703$410$234$135
42 years$1,821$1,117$659$378$212$121
43 years$1,758$1,064$619$349$192$108
44 years$1,699$1,014$581$322$175$96
45 years$1,643$967$545$298$159$86
46 years$1,589$922$512$275$144$77
47 years$1,537$880$481$254$131$69
48 years$1,488$840$452$235$119$61
49 years$1,441$803$425$217$108$55
50 years$1,396$767$400$200$98$49

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 $6,632 every year, while hoping to spend $26,596 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: 34/48/18 Blend
59$1,430,000$1,430,000$1,430,000$1,430,000
60$1,582,701$1,506,911$1,484,746$1,627,534
61$1,715,838$1,552,452$1,506,187$1,706,594
62$1,861,665$1,599,332$1,527,455$1,788,852
63$2,021,446$1,647,591$1,548,516$1,876,995
64$2,196,576$1,697,266$1,569,334$1,971,558
65$2,388,591$1,748,396$1,589,871$2,073,131
66$2,599,183$1,801,023$1,610,087$2,182,360
67$2,830,214$1,855,188$1,629,940$2,299,956
68$3,083,736$1,910,932$1,649,383$2,426,700
69$3,362,011$1,968,301$1,668,371$2,563,454
70$3,667,527$2,027,339$1,686,852$2,711,163
71$4,003,027$2,088,091$1,704,774$2,870,867
72$4,371,533$2,150,605$1,722,081$3,043,714
73$4,776,372$2,214,927$1,738,714$3,230,961
74$5,221,212$2,281,109$1,754,611$3,433,998
75$5,710,092$2,349,199$1,769,706$3,654,350
76$6,247,461$2,419,249$1,783,931$3,893,698
77$6,838,222$2,491,313$1,797,213$4,153,892
78$7,487,777$2,565,443$1,809,476$4,436,969
79$8,202,076$2,641,696$1,820,639$4,745,171
80$8,987,676$2,720,128$1,830,619$5,080,968
81$9,851,801$2,800,795$1,839,326$5,447,079
82$10,802,408$2,883,758$1,846,667$5,846,498
83$11,848,268$2,969,076$1,852,545$6,282,523
84$12,999,042$3,056,812$1,856,856$6,758,787
85$14,265,376$3,147,027$1,859,492$7,279,290
86$15,658,999$3,239,787$1,860,340$7,848,437
87$17,192,837$3,335,156$1,859,281$8,471,083
88$18,881,129$3,433,202$1,856,190$9,152,573
89$20,739,568$3,533,992$1,850,936$9,898,798
90$22,785,444$3,637,597$1,843,382$10,716,245
91$25,037,807$3,744,088$1,833,384$11,612,062
92$27,517,652$3,853,537$1,820,791$12,594,122
93$30,248,109$3,966,017$1,805,444$13,671,101
94$33,254,668$4,081,603$1,787,178$14,852,555
95$36,565,416$4,200,374$1,765,820$16,149,015
96$40,211,301$4,322,405$1,741,188$17,572,082
97$44,226,427$4,447,776$1,713,091$19,134,539
98$48,648,374$4,576,568$1,681,331$20,850,470
99$53,518,551$4,708,863$1,645,698$22,735,393
100$58,882,589$4,844,743$1,605,975$24,806,406