Can I retire at age 60 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$123,043$121,947$120,878$119,834$118,815$114,736
2 years$60,912$59,778$58,678$57,612$56,578$52,511
3 years$40,205$39,065$37,969$36,913$35,896$31,967
4 years$29,853$28,717$27,632$26,594$25,601$21,841
5 years$23,644$22,515$21,443$20,426$19,462$15,880
6 years$19,505$18,385$17,329$16,335$15,399$12,000
7 years$16,551$15,440$14,401$13,430$12,524$9,305
8 years$14,336$13,235$12,213$11,266$10,390$7,349
9 years$12,614$11,523$10,519$9,596$8,750$5,884
10 years$11,237$10,157$9,171$8,272$7,455$4,759
11 years$10,111$9,042$8,074$7,199$6,412$3,880
12 years$9,174$8,116$7,165$6,315$5,556$3,184
13 years$8,381$7,334$6,402$5,575$4,845$2,625
14 years$7,703$6,667$5,752$4,949$4,247$2,173
15 years$7,115$6,090$5,193$4,413$3,740$1,805
16 years$6,601$5,588$4,708$3,952$3,305$1,503
17 years$6,148$5,146$4,284$3,551$2,930$1,255
18 years$5,746$4,755$3,911$3,200$2,606$1,049
19 years$5,387$4,407$3,580$2,891$2,322$879
20 years$5,064$4,095$3,286$2,619$2,074$737
21 years$4,772$3,815$3,022$2,377$1,856$618
22 years$4,507$3,561$2,786$2,161$1,664$519
23 years$4,266$3,330$2,572$1,968$1,494$437
24 years$4,045$3,120$2,379$1,795$1,343$367
25 years$3,841$2,928$2,203$1,639$1,208$309
26 years$3,654$2,752$2,043$1,499$1,088$260
27 years$3,481$2,590$1,897$1,372$981$219
28 years$3,321$2,441$1,764$1,257$885$185
29 years$3,172$2,302$1,641$1,153$799$156
30 years$3,033$2,174$1,529$1,058$722$131
31 years$2,903$2,055$1,425$972$653$111
32 years$2,782$1,945$1,330$893$591$93
33 years$2,668$1,842$1,242$821$535$79
34 years$2,562$1,746$1,160$755$484$66
35 years$2,461$1,656$1,085$695$438$56
36 years$2,366$1,572$1,015$640$397$47
37 years$2,277$1,493$950$590$360$40
38 years$2,193$1,418$889$544$326$34
39 years$2,113$1,349$833$502$296$28
40 years$2,037$1,283$781$463$268$24
41 years$1,965$1,222$732$427$244$20
42 years$1,897$1,163$687$394$221$17
43 years$1,832$1,108$645$364$201$14
44 years$1,770$1,057$605$336$182$12
45 years$1,711$1,008$568$310$165$10
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$7
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,490,000, adding $2,927 every year, while hoping to spend $42,564 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: 40/39/21 Blend
59$1,490,000$1,490,000$1,490,000$1,490,000
60$1,644,999$1,566,029$1,542,934$1,700,462
61$1,767,501$1,597,477$1,549,335$1,771,950
62$1,901,072$1,629,039$1,554,523$1,844,962
63$2,046,796$1,660,676$1,558,414$1,923,083
64$2,205,865$1,692,345$1,560,917$2,006,802
65$2,379,594$1,724,001$1,561,938$2,096,659
66$2,569,428$1,755,593$1,561,379$2,193,249
67$2,776,960$1,787,067$1,559,135$2,297,229
68$3,003,941$1,818,364$1,555,097$2,409,326
69$3,252,302$1,849,423$1,549,152$2,530,338
70$3,524,168$1,880,176$1,541,180$2,661,150
71$3,821,878$1,910,549$1,531,054$2,802,735
72$4,148,009$1,940,466$1,518,644$2,956,169
73$4,505,399$1,969,841$1,503,811$3,122,640
74$4,897,173$1,998,587$1,486,412$3,303,456
75$5,326,772$2,026,606$1,466,295$3,500,064
76$5,797,989$2,053,795$1,443,302$3,714,057
77$6,314,999$2,080,046$1,417,267$3,947,195
78$6,882,400$2,105,239$1,388,017$4,201,421
79$7,505,259$2,129,251$1,355,370$4,478,877
80$8,189,157$2,151,945$1,319,136$4,781,926
81$8,940,240$2,173,180$1,279,117$5,113,178
82$9,765,282$2,192,803$1,235,104$5,475,510
83$10,671,741$2,210,651$1,186,881$5,872,096
84$11,667,837$2,226,551$1,134,220$6,306,440
85$12,762,624$2,240,320$1,076,884$6,782,405
86$13,966,076$2,251,759$1,014,623$7,304,255
87$15,289,182$2,260,662$947,180$7,876,693
88$16,744,050$2,266,806$874,282$8,504,904
89$18,344,019$2,269,955$795,646$9,194,613
90$20,103,785$2,269,859$710,976$9,952,130
91$22,039,540$2,266,252$619,963$10,784,416
92$24,169,125$2,258,850$522,284$11,699,152
93$26,512,197$2,247,355$417,602$12,704,805
94$29,090,414$2,231,448$305,564$13,810,717
95$31,927,638$2,210,791$185,803$15,027,188
96$35,050,165$2,185,028$57,935$16,365,580
97$38,486,966$2,153,778$0$17,838,422
98$42,269,963$2,116,639$0$19,477,124
99$46,434,332$2,073,187$0$21,294,327
100$51,018,831$2,022,970$0$23,293,934