Can I retire at age 60 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$119,740$118,673$117,632$116,617$115,625$113,152
2 years$59,277$58,173$57,103$56,066$55,060$52,580
3 years$39,125$38,017$36,950$35,922$34,932$32,523
4 years$29,052$27,946$26,890$25,880$24,914$22,595
5 years$23,009$21,910$20,868$19,878$18,939$16,716
6 years$18,982$17,891$16,864$15,897$14,986$12,861
7 years$16,106$15,025$14,014$13,070$12,188$10,161
8 years$13,951$12,879$11,885$10,964$10,111$8,183
9 years$12,275$11,214$10,237$9,339$8,515$6,684
10 years$10,935$9,884$8,925$8,050$7,255$5,519
11 years$9,840$8,799$7,857$7,006$6,239$4,596
12 years$8,928$7,898$6,973$6,145$5,407$3,854
13 years$8,156$7,137$6,230$5,425$4,715$3,249
14 years$7,496$6,488$5,598$4,816$4,133$2,752
15 years$6,924$5,927$5,054$4,295$3,639$2,339
16 years$6,424$5,438$4,582$3,846$3,216$1,995
17 years$5,983$5,008$4,169$3,455$2,852$1,706
18 years$5,592$4,627$3,806$3,114$2,536$1,461
19 years$5,242$4,289$3,484$2,814$2,260$1,255
20 years$4,928$3,985$3,198$2,548$2,019$1,079
21 years$4,644$3,712$2,941$2,313$1,807$929
22 years$4,386$3,465$2,711$2,103$1,619$800
23 years$4,151$3,241$2,503$1,915$1,454$691
24 years$3,936$3,036$2,315$1,747$1,307$596
25 years$3,738$2,850$2,144$1,595$1,176$515
26 years$3,556$2,678$1,989$1,459$1,059$445
27 years$3,388$2,520$1,846$1,335$955$385
28 years$3,232$2,375$1,717$1,223$862$334
29 years$3,087$2,241$1,597$1,122$778$289
30 years$2,952$2,116$1,488$1,029$703$250
31 years$2,825$2,000$1,387$945$635$217
32 years$2,707$1,893$1,294$869$575$188
33 years$2,597$1,792$1,208$799$520$163
34 years$2,493$1,699$1,129$735$471$141
35 years$2,395$1,611$1,056$677$427$122
36 years$2,303$1,529$988$623$387$106
37 years$2,216$1,453$924$574$350$92
38 years$2,134$1,380$866$529$318$80
39 years$2,056$1,313$811$488$288$69
40 years$1,982$1,249$760$450$261$60
41 years$1,912$1,189$713$415$237$52
42 years$1,846$1,132$669$383$215$45
43 years$1,783$1,079$627$354$195$39
44 years$1,723$1,028$589$327$177$34
45 years$1,666$981$553$302$161$30
46 years$1,611$935$519$279$146$26
47 years$1,559$893$488$257$133$22
48 years$1,509$852$458$238$120$19
49 years$1,461$814$431$220$109$17
50 years$1,416$777$405$203$99$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,450,000, adding $3,239 every year, while hoping to spend $55,024 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: 35/41/24 Blend
59$1,450,000$1,450,000$1,450,000$1,450,000
60$1,601,241$1,524,391$1,501,916$1,645,546
61$1,706,023$1,540,541$1,493,685$1,694,815
62$1,819,648$1,555,638$1,483,334$1,742,683
63$1,942,960$1,569,573$1,470,734$1,793,234
64$2,076,888$1,582,228$1,455,750$1,846,742
65$2,222,453$1,593,480$1,438,240$1,903,512
66$2,380,778$1,603,195$1,418,056$1,963,882
67$2,553,098$1,611,232$1,395,042$2,028,232
68$2,740,774$1,617,443$1,369,035$2,096,981
69$2,945,301$1,621,666$1,339,866$2,170,595
70$3,168,327$1,623,732$1,307,357$2,249,591
71$3,411,663$1,623,462$1,271,320$2,334,547
72$3,677,305$1,620,664$1,231,561$2,426,100
73$3,967,448$1,615,134$1,187,877$2,524,961
74$4,284,510$1,606,658$1,140,053$2,631,915
75$4,631,153$1,595,007$1,087,868$2,747,836
76$5,010,306$1,579,938$1,031,087$2,873,692
77$5,425,197$1,561,195$969,468$3,010,557
78$5,879,377$1,538,503$902,755$3,159,621
79$6,376,759$1,511,575$830,683$3,322,203
80$6,921,651$1,480,105$752,973$3,499,763
81$7,518,798$1,443,769$669,336$3,693,921
82$8,173,424$1,402,222$579,468$3,906,470
83$8,891,285$1,355,103$483,052$4,139,395
84$9,678,720$1,302,027$379,758$4,394,892
85$10,542,709$1,242,586$269,239$4,675,395
86$11,490,943$1,176,350$151,137$4,983,595
87$12,531,893$1,102,865$25,073$5,322,471
88$13,674,889$1,021,648$0$5,695,317
89$14,930,210$932,192$0$6,133,808
90$16,309,179$833,956$0$6,622,616
91$17,824,269$726,375$0$7,159,882
92$19,489,223$608,845$0$7,750,645
93$21,319,179$480,734$0$8,400,471
94$23,330,815$341,369$0$9,115,503
95$25,542,505$190,044$0$9,902,523
96$27,974,495$26,010$0$10,769,017
97$30,649,087$0$0$11,723,247
98$33,590,855$0$0$12,842,692
99$36,826,874$0$0$14,087,256
100$40,386,973$0$0$15,456,705