Can I retire at age 60 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$120,565$119,492$118,444$117,421$116,422$113,700
2 years$59,686$58,574$57,497$56,452$55,439$52,712
3 years$39,395$38,279$37,204$36,170$35,173$32,526
4 years$29,252$28,139$27,075$26,058$25,086$22,540
5 years$23,168$22,061$21,011$20,015$19,070$16,631
6 years$19,113$18,015$16,980$16,006$15,089$12,761
7 years$16,217$15,129$14,111$13,160$12,272$10,054
8 years$14,047$12,968$11,967$11,039$10,180$8,073
9 years$12,360$11,291$10,307$9,403$8,573$6,574
10 years$11,011$9,953$8,986$8,106$7,305$5,412
11 years$9,908$8,860$7,911$7,054$6,283$4,492
12 years$8,989$7,952$7,021$6,188$5,444$3,755
13 years$8,213$7,187$6,273$5,463$4,748$3,155
14 years$7,548$6,532$5,636$4,849$4,162$2,663
15 years$6,972$5,968$5,089$4,325$3,664$2,256
16 years$6,468$5,475$4,614$3,872$3,238$1,917
17 years$6,025$5,042$4,198$3,479$2,871$1,633
18 years$5,631$4,659$3,832$3,135$2,553$1,394
19 years$5,279$4,318$3,508$2,833$2,276$1,192
20 years$4,962$4,013$3,220$2,566$2,033$1,021
21 years$4,676$3,738$2,962$2,329$1,819$876
22 years$4,416$3,489$2,730$2,117$1,631$752
23 years$4,180$3,263$2,520$1,928$1,464$646
24 years$3,963$3,057$2,331$1,759$1,316$556
25 years$3,764$2,869$2,159$1,606$1,184$478
26 years$3,581$2,697$2,002$1,469$1,066$412
27 years$3,411$2,538$1,859$1,344$961$355
28 years$3,254$2,391$1,728$1,232$867$306
29 years$3,108$2,256$1,608$1,129$783$264
30 years$2,972$2,131$1,498$1,037$708$228
31 years$2,845$2,014$1,397$952$640$196
32 years$2,726$1,906$1,303$875$579$169
33 years$2,615$1,805$1,217$805$524$146
34 years$2,510$1,710$1,137$740$474$126
35 years$2,412$1,622$1,063$681$430$109
36 years$2,319$1,540$994$628$389$94
37 years$2,231$1,463$931$578$353$81
38 years$2,149$1,390$872$533$320$70
39 years$2,070$1,322$817$491$290$61
40 years$1,996$1,257$765$453$263$52
41 years$1,926$1,197$718$418$239$45
42 years$1,859$1,140$673$386$217$39
43 years$1,795$1,086$632$356$197$34
44 years$1,735$1,035$593$329$178$29
45 years$1,677$987$557$304$162$25
46 years$1,622$942$523$281$147$22
47 years$1,570$899$491$259$134$19
48 years$1,519$858$462$240$121$16
49 years$1,471$819$434$221$110$14
50 years$1,425$783$408$205$100$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,460,000, adding $2,578 every year, while hoping to spend $51,285 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: 78/12/10 Blend
59$1,460,000$1,460,000$1,460,000$1,460,000
60$1,611,579$1,534,199$1,511,569$1,734,359
61$1,721,393$1,554,808$1,507,640$1,836,020
62$1,840,690$1,574,708$1,501,860$1,940,622
63$1,970,382$1,593,810$1,494,114$2,053,862
64$2,111,473$1,612,019$1,484,279$2,176,576
65$2,265,069$1,629,234$1,472,228$2,309,691
66$2,432,386$1,645,347$1,457,828$2,454,222
67$2,614,763$1,660,242$1,440,938$2,611,293
68$2,813,671$1,673,796$1,421,412$2,782,139
69$3,030,732$1,685,879$1,399,097$2,968,121
70$3,267,731$1,696,351$1,373,830$3,170,738
71$3,526,631$1,705,064$1,345,445$3,391,643
72$3,809,596$1,711,860$1,313,766$3,632,657
73$4,119,005$1,716,571$1,278,607$3,895,787
74$4,457,479$1,719,020$1,239,777$4,183,243
75$4,827,906$1,719,015$1,197,073$4,497,462
76$5,233,463$1,716,358$1,150,286$4,841,128
77$5,677,650$1,710,833$1,099,194$5,217,200
78$6,164,320$1,702,214$1,043,567$5,628,939
79$6,697,719$1,690,260$983,164$6,079,939
80$7,282,521$1,674,717$917,735$6,574,159
81$7,923,873$1,655,314$847,014$7,115,964
82$8,627,448$1,631,764$770,729$7,710,163
83$9,399,491$1,603,763$688,591$8,362,059
84$10,246,881$1,570,990$600,301$9,077,493
85$11,177,197$1,533,102$505,545$9,862,905
86$12,198,787$1,489,740$403,997$10,725,391
87$13,320,847$1,440,522$295,315$11,672,772
88$14,553,507$1,385,041$179,142$12,713,669
89$15,907,928$1,322,871$55,106$13,857,583
90$17,396,403$1,253,558$0$15,114,983
91$19,032,478$1,176,624$0$16,505,656
92$20,831,074$1,091,562$0$18,040,886
93$22,808,631$997,836$0$19,728,851
94$24,983,262$894,881$0$21,585,049
95$27,374,922$782,097$0$23,626,558
96$30,005,597$658,853$0$25,872,195
97$32,899,512$524,481$0$28,342,699
98$36,083,356$378,274$0$31,060,924
99$39,586,538$219,489$0$34,052,052
100$43,441,458$47,338$0$37,343,836