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%19.3%
1 years$118,088$117,036$116,010$115,008$114,030$109,766
2 years$58,459$57,371$56,316$55,292$54,300$50,053
3 years$38,586$37,492$36,440$35,426$34,450$30,354
4 years$28,651$27,561$26,519$25,523$24,570$20,655
5 years$22,692$21,608$20,580$19,604$18,678$14,955
6 years$18,720$17,645$16,631$15,677$14,779$11,251
7 years$15,884$14,818$13,821$12,889$12,019$8,684
8 years$13,758$12,702$11,721$10,812$9,971$6,827
9 years$12,106$11,059$10,095$9,210$8,397$5,439
10 years$10,785$9,748$8,801$7,939$7,155$4,377
11 years$9,704$8,678$7,749$6,909$6,153$3,550
12 years$8,805$7,789$6,877$6,060$5,332$2,897
13 years$8,044$7,039$6,144$5,350$4,650$2,376
14 years$7,393$6,398$5,520$4,749$4,076$1,956
15 years$6,828$5,845$4,984$4,236$3,589$1,616
16 years$6,335$5,363$4,519$3,793$3,172$1,338
17 years$5,901$4,939$4,112$3,408$2,812$1,110
18 years$5,515$4,564$3,754$3,071$2,501$923
19 years$5,170$4,230$3,436$2,775$2,229$768
20 years$4,860$3,930$3,154$2,513$1,991$640
21 years$4,580$3,661$2,901$2,281$1,782$534
22 years$4,326$3,417$2,674$2,074$1,597$446
23 years$4,094$3,196$2,469$1,889$1,434$372
24 years$3,882$2,995$2,283$1,723$1,289$311
25 years$3,687$2,810$2,114$1,573$1,159$260
26 years$3,507$2,641$1,961$1,438$1,044$218
27 years$3,341$2,486$1,821$1,317$942$182
28 years$3,187$2,342$1,693$1,206$850$152
29 years$3,044$2,210$1,575$1,106$767$128
30 years$2,911$2,087$1,467$1,015$693$107
31 years$2,786$1,973$1,368$932$627$90
32 years$2,670$1,867$1,276$857$567$75
33 years$2,561$1,768$1,192$788$513$63
34 years$2,458$1,675$1,114$725$465$53
35 years$2,362$1,589$1,041$667$421$44
36 years$2,271$1,508$974$615$381$37
37 years$2,185$1,432$912$566$346$31
38 years$2,104$1,361$854$522$313$26
39 years$2,028$1,295$800$481$284$22
40 years$1,955$1,232$750$444$258$18
41 years$1,886$1,172$703$410$234$15
42 years$1,821$1,117$659$378$212$13
43 years$1,758$1,064$619$349$192$11
44 years$1,699$1,014$581$322$175$9
45 years$1,643$967$545$298$159$8
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$4
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 $4,423 every year, while hoping to spend $33,030 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: 72/13/15 Blend
59$1,430,000$1,430,000$1,430,000$1,430,000
60$1,580,422$1,504,632$1,482,467$1,688,589
61$1,706,482$1,543,216$1,496,986$1,799,491
62$1,844,292$1,582,583$1,510,885$1,916,452
63$1,995,017$1,622,736$1,524,107$2,043,666
64$2,159,939$1,663,680$1,536,594$2,182,140
65$2,340,467$1,705,415$1,548,284$2,332,986
66$2,538,156$1,747,942$1,559,113$2,497,424
67$2,754,717$1,791,259$1,569,012$2,676,804
68$2,992,033$1,835,366$1,577,909$2,872,607
69$3,252,180$1,880,259$1,585,729$3,086,469
70$3,537,443$1,925,933$1,592,392$3,320,190
71$3,850,340$1,972,381$1,597,814$3,575,754
72$4,193,643$2,019,596$1,601,909$3,855,346
73$4,570,405$2,067,567$1,604,584$4,161,372
74$4,983,991$2,116,282$1,605,742$4,496,487
75$5,438,106$2,165,728$1,605,282$4,863,613
76$5,936,832$2,215,887$1,603,098$5,265,968
77$6,484,665$2,266,742$1,599,078$5,707,102
78$7,086,559$2,318,270$1,593,105$6,190,924
79$7,747,970$2,370,448$1,585,057$6,721,741
80$8,474,911$2,423,248$1,574,804$7,304,300
81$9,274,004$2,476,639$1,562,212$7,943,830
82$10,152,546$2,530,588$1,547,140$8,646,096
83$11,118,575$2,585,057$1,529,439$9,417,447
84$12,180,950$2,640,005$1,508,956$10,264,881
85$13,349,428$2,695,386$1,485,527$11,196,110
86$14,634,761$2,751,151$1,458,982$12,219,631
87$16,048,793$2,807,244$1,429,145$13,344,809
88$17,604,577$2,863,606$1,395,829$14,581,962
89$19,316,494$2,920,173$1,358,839$15,942,462
90$21,200,388$2,976,873$1,317,972$17,438,840
91$23,273,718$3,033,630$1,273,014$19,084,904
92$25,555,721$3,090,362$1,223,744$20,895,873
93$28,067,593$3,146,978$1,169,928$22,888,516
94$30,832,689$3,203,381$1,111,322$25,081,313
95$33,876,744$3,259,468$1,047,672$27,494,631
96$37,228,115$3,315,125$978,712$30,150,912
97$40,918,049$3,370,232$904,165$33,074,889
98$44,980,974$3,424,657$823,739$36,293,817
99$49,454,830$3,478,263$737,131$39,837,733
100$54,381,422$3,530,897$644,024$43,739,738