Can I retire at age 60 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$122,217$121,128$120,066$119,030$118,017$113,335
2 years$60,503$59,377$58,285$57,226$56,199$51,539
3 years$39,935$38,803$37,714$36,665$35,655$31,165
4 years$29,653$28,525$27,446$26,415$25,429$21,143
5 years$23,485$22,364$21,299$20,289$19,331$15,260
6 years$19,375$18,262$17,213$16,226$15,296$11,442
7 years$16,440$15,336$14,304$13,340$12,440$8,802
8 years$14,239$13,146$12,131$11,191$10,320$6,895
9 years$12,529$11,446$10,448$9,532$8,691$5,473
10 years$11,162$10,089$9,109$8,217$7,405$4,388
11 years$10,044$8,982$8,020$7,151$6,369$3,545
12 years$9,112$8,061$7,117$6,272$5,519$2,881
13 years$8,325$7,285$6,359$5,537$4,813$2,353
14 years$7,651$6,622$5,713$4,916$4,219$1,929
15 years$7,067$6,049$5,158$4,384$3,714$1,587
16 years$6,557$5,550$4,677$3,925$3,283$1,308
17 years$6,107$5,111$4,256$3,527$2,911$1,080
18 years$5,708$4,723$3,885$3,178$2,588$894
19 years$5,351$4,377$3,556$2,872$2,307$741
20 years$5,030$4,068$3,264$2,601$2,061$614
21 years$4,740$3,789$3,002$2,361$1,844$510
22 years$4,477$3,537$2,767$2,146$1,653$424
23 years$4,237$3,308$2,555$1,955$1,484$352
24 years$4,017$3,099$2,363$1,783$1,334$293
25 years$3,816$2,909$2,188$1,628$1,200$244
26 years$3,630$2,734$2,030$1,489$1,081$203
27 years$3,458$2,573$1,885$1,363$975$169
28 years$3,299$2,424$1,752$1,248$879$141
29 years$3,151$2,287$1,630$1,145$794$117
30 years$3,013$2,160$1,519$1,051$717$98
31 years$2,884$2,042$1,416$965$649$82
32 years$2,763$1,932$1,321$887$587$68
33 years$2,650$1,829$1,233$816$531$57
34 years$2,544$1,734$1,152$750$481$47
35 years$2,445$1,645$1,077$691$435$39
36 years$2,351$1,561$1,008$636$395$33
37 years$2,262$1,483$943$586$358$27
38 years$2,178$1,409$883$540$324$23
39 years$2,099$1,340$828$498$294$19
40 years$2,023$1,275$776$459$267$16
41 years$1,952$1,213$727$424$242$13
42 years$1,884$1,156$682$391$220$11
43 years$1,820$1,101$640$361$199$9
44 years$1,758$1,050$601$333$181$8
45 years$1,700$1,001$564$308$164$6
46 years$1,644$955$530$284$149$5
47 years$1,591$911$498$263$135$4
48 years$1,540$870$468$243$123$4
49 years$1,492$831$440$224$112$3
50 years$1,445$793$414$207$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,480,000, adding $4,691 every year, while hoping to spend $42,477 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: 39/33/28 Blend
59$1,480,000$1,480,000$1,480,000$1,480,000
60$1,635,799$1,557,359$1,534,419$1,685,858
61$1,757,455$1,588,474$1,540,627$1,753,980
62$1,890,097$1,619,691$1,545,619$1,823,331
63$2,034,799$1,650,968$1,549,310$1,897,512
64$2,192,747$1,682,263$1,551,609$1,976,993
65$2,365,242$1,713,530$1,552,424$2,062,289
66$2,553,721$1,744,716$1,551,654$2,153,972
67$2,759,761$1,775,769$1,549,195$2,252,671
68$2,985,104$1,806,628$1,544,940$2,359,081
69$3,231,662$1,837,230$1,538,773$2,473,972
70$3,501,544$1,867,508$1,530,575$2,598,190
71$3,797,073$1,897,387$1,520,220$2,732,672
72$4,120,804$1,926,788$1,507,578$2,878,451
73$4,475,553$1,955,628$1,492,509$3,036,669
74$4,864,422$1,983,816$1,474,870$3,208,585
75$5,290,824$2,011,254$1,454,509$3,395,590
76$5,758,521$2,037,839$1,431,268$3,599,218
77$6,271,657$2,063,460$1,404,982$3,821,164
78$6,834,794$2,087,997$1,375,477$4,063,298
79$7,452,959$2,111,325$1,342,572$4,327,684
80$8,131,689$2,133,308$1,306,076$4,616,600
81$8,877,083$2,153,802$1,265,791$4,932,559
82$9,695,860$2,172,653$1,221,510$5,278,338
83$10,595,422$2,189,697$1,173,015$5,656,996
84$11,583,922$2,204,759$1,120,078$6,071,913
85$12,670,344$2,217,655$1,062,463$6,526,817
86$13,864,585$2,228,185$999,920$7,025,820
87$15,177,546$2,236,140$932,192$7,573,461
88$16,621,241$2,241,296$859,005$8,174,747
89$18,208,904$2,243,416$780,078$8,835,202
90$19,955,116$2,242,247$695,114$9,560,919
91$21,875,942$2,237,521$603,805$10,358,621
92$23,989,082$2,228,954$505,827$11,235,723
93$26,314,040$2,216,243$400,843$12,200,406
94$28,872,302$2,199,069$288,501$13,261,693
95$31,687,545$2,177,092$168,434$14,429,534
96$34,785,856$2,149,951$40,258$15,714,906
97$38,195,980$2,117,265$0$17,129,916
98$41,949,588$2,078,630$0$18,716,753
99$46,081,580$2,033,616$0$20,476,013
100$50,630,408$1,981,770$0$22,412,024