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

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$120,565$119,492$118,444$117,421$116,422$115,592
2 years$59,686$58,574$57,497$56,452$55,439$54,602
3 years$39,395$38,279$37,204$36,170$35,173$34,354
4 years$29,252$28,139$27,075$26,058$25,086$24,292
5 years$23,168$22,061$21,011$20,015$19,070$18,304
6 years$19,113$18,015$16,980$16,006$15,089$14,352
7 years$16,217$15,129$14,111$13,160$12,272$11,564
8 years$14,047$12,968$11,967$11,039$10,180$9,501
9 years$12,360$11,291$10,307$9,403$8,573$7,923
10 years$11,011$9,953$8,986$8,106$7,305$6,683
11 years$9,908$8,860$7,911$7,054$6,283$5,689
12 years$8,989$7,952$7,021$6,188$5,444$4,878
13 years$8,213$7,187$6,273$5,463$4,748$4,208
14 years$7,548$6,532$5,636$4,849$4,162$3,648
15 years$6,972$5,968$5,089$4,325$3,664$3,176
16 years$6,468$5,475$4,614$3,872$3,238$2,775
17 years$6,025$5,042$4,198$3,479$2,871$2,432
18 years$5,631$4,659$3,832$3,135$2,553$2,137
19 years$5,279$4,318$3,508$2,833$2,276$1,882
20 years$4,962$4,013$3,220$2,566$2,033$1,661
21 years$4,676$3,738$2,962$2,329$1,819$1,468
22 years$4,416$3,489$2,730$2,117$1,631$1,300
23 years$4,180$3,263$2,520$1,928$1,464$1,152
24 years$3,963$3,057$2,331$1,759$1,316$1,022
25 years$3,764$2,869$2,159$1,606$1,184$908
26 years$3,581$2,697$2,002$1,469$1,066$807
27 years$3,411$2,538$1,859$1,344$961$718
28 years$3,254$2,391$1,728$1,232$867$639
29 years$3,108$2,256$1,608$1,129$783$569
30 years$2,972$2,131$1,498$1,037$708$508
31 years$2,845$2,014$1,397$952$640$453
32 years$2,726$1,906$1,303$875$579$404
33 years$2,615$1,805$1,217$805$524$360
34 years$2,510$1,710$1,137$740$474$322
35 years$2,412$1,622$1,063$681$430$287
36 years$2,319$1,540$994$628$389$257
37 years$2,231$1,463$931$578$353$229
38 years$2,149$1,390$872$533$320$205
39 years$2,070$1,322$817$491$290$183
40 years$1,996$1,257$765$453$263$164
41 years$1,926$1,197$718$418$239$146
42 years$1,859$1,140$673$386$217$131
43 years$1,795$1,086$632$356$197$117
44 years$1,735$1,035$593$329$178$105
45 years$1,677$987$557$304$162$94
46 years$1,622$942$523$281$147$84
47 years$1,570$899$491$259$134$75
48 years$1,519$858$462$240$121$67
49 years$1,471$819$434$221$110$60
50 years$1,425$783$408$205$100$54

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 $4,034 every year, while hoping to spend $30,700 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: 46/29/25 Blend
59$1,460,000$1,460,000$1,460,000$1,460,000
60$1,613,081$1,535,701$1,513,071$1,675,529
61$1,744,951$1,578,286$1,531,094$1,762,548
62$1,889,242$1,621,928$1,548,693$1,853,587
63$2,047,190$1,666,648$1,565,819$1,951,757
64$2,220,154$1,712,464$1,582,424$2,057,740
65$2,409,631$1,759,396$1,598,457$2,172,287
66$2,617,269$1,807,463$1,613,861$2,296,227
67$2,844,886$1,856,683$1,628,580$2,430,470
68$3,094,479$1,907,076$1,642,553$2,576,021
69$3,368,253$1,958,660$1,655,716$2,733,984
70$3,668,633$2,011,452$1,668,000$2,905,578
71$3,998,292$2,065,472$1,679,336$3,092,146
72$4,360,173$2,120,735$1,689,649$3,295,164
73$4,757,518$2,177,258$1,698,860$3,516,262
74$5,193,900$2,235,059$1,706,887$3,757,233
75$5,673,252$2,294,152$1,713,642$4,020,056
76$6,199,911$2,354,552$1,719,036$4,306,908
77$6,778,650$2,416,273$1,722,972$4,620,189
78$7,414,730$2,479,328$1,725,350$4,962,545
79$8,113,948$2,543,730$1,726,064$5,336,890
80$8,882,687$2,609,490$1,725,004$5,746,435
81$9,727,983$2,676,617$1,722,053$6,194,720
82$10,657,586$2,745,120$1,717,090$6,685,644
83$11,680,035$2,815,005$1,709,988$7,223,506
84$12,804,737$2,886,280$1,700,612$7,813,042
85$14,042,060$2,958,947$1,688,822$8,459,471
86$15,403,424$3,033,010$1,674,471$9,168,547
87$16,901,413$3,108,466$1,657,406$9,946,608
88$18,549,892$3,185,316$1,637,464$10,800,641
89$20,364,138$3,263,555$1,614,476$11,738,346
90$22,360,986$3,343,174$1,588,267$12,768,208
91$24,558,983$3,424,166$1,558,650$13,899,578
92$26,978,567$3,506,518$1,525,433$15,142,765
93$29,642,257$3,590,214$1,488,411$16,509,125
94$32,574,868$3,675,235$1,447,373$18,011,178
95$35,803,742$3,761,558$1,402,098$19,662,721
96$39,359,007$3,849,158$1,352,351$21,478,957
97$43,273,863$3,938,004$1,297,892$23,476,644
98$47,584,892$4,028,061$1,238,466$25,674,251
99$52,332,404$4,119,289$1,173,808$28,092,131
100$57,560,818$4,211,644$1,103,640$30,752,717