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

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$119,740$118,673$117,632$116,617$115,625$114,848
2 years$59,277$58,173$57,103$56,066$55,060$54,276
3 years$39,125$38,017$36,950$35,922$34,932$34,166
4 years$29,052$27,946$26,890$25,880$24,914$24,172
5 years$23,009$21,910$20,868$19,878$18,939$18,223
6 years$18,982$17,891$16,864$15,897$14,986$14,296
7 years$16,106$15,025$14,014$13,070$12,188$11,525
8 years$13,951$12,879$11,885$10,964$10,111$9,475
9 years$12,275$11,214$10,237$9,339$8,515$7,905
10 years$10,935$9,884$8,925$8,050$7,255$6,672
11 years$9,840$8,799$7,857$7,006$6,239$5,683
12 years$8,928$7,898$6,973$6,145$5,407$4,876
13 years$8,156$7,137$6,230$5,425$4,715$4,209
14 years$7,496$6,488$5,598$4,816$4,133$3,652
15 years$6,924$5,927$5,054$4,295$3,639$3,181
16 years$6,424$5,438$4,582$3,846$3,216$2,782
17 years$5,983$5,008$4,169$3,455$2,852$2,440
18 years$5,592$4,627$3,806$3,114$2,536$2,145
19 years$5,242$4,289$3,484$2,814$2,260$1,891
20 years$4,928$3,985$3,198$2,548$2,019$1,669
21 years$4,644$3,712$2,941$2,313$1,807$1,477
22 years$4,386$3,465$2,711$2,103$1,619$1,308
23 years$4,151$3,241$2,503$1,915$1,454$1,160
24 years$3,936$3,036$2,315$1,747$1,307$1,030
25 years$3,738$2,850$2,144$1,595$1,176$916
26 years$3,556$2,678$1,989$1,459$1,059$815
27 years$3,388$2,520$1,846$1,335$955$726
28 years$3,232$2,375$1,717$1,223$862$646
29 years$3,087$2,241$1,597$1,122$778$576
30 years$2,952$2,116$1,488$1,029$703$514
31 years$2,825$2,000$1,387$945$635$459
32 years$2,707$1,893$1,294$869$575$410
33 years$2,597$1,792$1,208$799$520$366
34 years$2,493$1,699$1,129$735$471$327
35 years$2,395$1,611$1,056$677$427$292
36 years$2,303$1,529$988$623$387$261
37 years$2,216$1,453$924$574$350$234
38 years$2,134$1,380$866$529$318$209
39 years$2,056$1,313$811$488$288$187
40 years$1,982$1,249$760$450$261$167
41 years$1,912$1,189$713$415$237$150
42 years$1,846$1,132$669$383$215$134
43 years$1,783$1,079$627$354$195$120
44 years$1,723$1,028$589$327$177$107
45 years$1,666$981$553$302$161$96
46 years$1,611$935$519$279$146$86
47 years$1,559$893$488$257$133$77
48 years$1,509$852$458$238$120$69
49 years$1,461$814$431$220$109$62
50 years$1,416$777$405$203$99$55

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 $3,879 every year, while hoping to spend $31,693 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: 52/18/30 Blend
59$1,450,000$1,450,000$1,450,000$1,450,000
60$1,601,901$1,525,051$1,502,576$1,671,500
61$1,731,574$1,566,058$1,519,191$1,761,414
62$1,873,411$1,608,011$1,535,301$1,855,686
63$2,028,620$1,650,925$1,550,855$1,957,631
64$2,198,530$1,694,811$1,565,799$2,067,997
65$2,384,605$1,739,682$1,580,078$2,187,609
66$2,588,458$1,785,548$1,593,633$2,317,375
67$2,811,862$1,832,422$1,606,402$2,458,294
68$3,056,775$1,880,314$1,618,319$2,611,468
69$3,325,349$1,929,232$1,629,316$2,778,113
70$3,619,956$1,979,186$1,639,320$2,959,566
71$3,943,209$2,030,183$1,648,254$3,157,304
72$4,297,985$2,082,231$1,656,040$3,372,950
73$4,687,455$2,135,335$1,662,592$3,608,298
74$5,115,109$2,189,501$1,667,822$3,865,321
75$5,584,794$2,244,730$1,671,638$4,146,195
76$6,100,747$2,301,026$1,673,942$4,453,319
77$6,667,636$2,358,389$1,674,632$4,789,336
78$7,290,603$2,416,818$1,673,600$5,157,159
79$7,975,313$2,476,311$1,670,734$5,559,999
80$8,728,006$2,536,862$1,665,916$6,001,396
81$9,555,560$2,598,466$1,659,022$6,485,249
82$10,465,550$2,661,112$1,649,921$7,015,859
83$11,466,321$2,724,792$1,638,478$7,597,963
84$12,567,068$2,789,490$1,624,550$8,236,785
85$13,777,925$2,855,190$1,607,988$8,938,080
86$15,110,053$2,921,874$1,588,635$9,708,195
87$16,575,751$2,989,519$1,566,328$10,554,121
88$18,188,572$3,058,099$1,540,894$11,483,566
89$19,963,446$3,127,586$1,512,154$12,505,026
90$21,916,826$3,197,947$1,479,919$13,627,864
91$24,066,840$3,269,143$1,443,994$14,862,401
92$26,433,462$3,341,136$1,404,172$16,220,010
93$29,038,701$3,413,877$1,360,238$17,713,229
94$31,906,809$3,487,318$1,311,966$19,355,876
95$35,064,508$3,561,401$1,259,121$21,163,180
96$38,541,243$3,636,065$1,201,457$23,151,927
97$42,369,460$3,711,242$1,138,716$25,340,617
98$46,584,911$3,786,859$1,070,629$27,749,640
99$51,226,991$3,862,835$996,915$30,401,469
100$56,339,112$3,939,081$917,280$33,320,873