Can I retire at age 60 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$126,346$125,221$124,123$123,051$122,004$119,395
2 years$62,548$61,383$60,254$59,159$58,097$55,481
3 years$41,284$40,114$38,988$37,904$36,859$34,318
4 years$30,655$29,488$28,373$27,308$26,288$23,841
5 years$24,278$23,119$22,019$20,975$19,984$17,638
6 years$20,029$18,878$17,795$16,774$15,813$13,571
7 years$16,995$15,854$14,787$13,791$12,860$10,722
8 years$14,721$13,590$12,541$11,569$10,669$8,634
9 years$12,952$11,832$10,801$9,854$8,984$7,052
10 years$11,539$10,430$9,417$8,494$7,655$5,823
11 years$10,383$9,285$8,291$7,392$6,584$4,850
12 years$9,420$8,334$7,358$6,484$5,705$4,066
13 years$8,606$7,531$6,574$5,725$4,975$3,428
14 years$7,910$6,846$5,906$5,082$4,361$2,904
15 years$7,306$6,254$5,333$4,532$3,840$2,468
16 years$6,778$5,738$4,835$4,058$3,394$2,105
17 years$6,313$5,284$4,399$3,646$3,009$1,800
18 years$5,901$4,883$4,016$3,286$2,676$1,542
19 years$5,532$4,525$3,677$2,969$2,385$1,324
20 years$5,200$4,205$3,374$2,689$2,130$1,138
21 years$4,900$3,917$3,104$2,440$1,906$980
22 years$4,628$3,656$2,860$2,219$1,709$845
23 years$4,380$3,420$2,641$2,021$1,534$729
24 years$4,153$3,204$2,443$1,843$1,379$629
25 years$3,945$3,007$2,262$1,683$1,241$544
26 years$3,752$2,826$2,098$1,539$1,117$470
27 years$3,575$2,660$1,948$1,409$1,007$407
28 years$3,410$2,506$1,811$1,291$909$352
29 years$3,257$2,364$1,686$1,184$821$305
30 years$3,114$2,233$1,570$1,086$742$264
31 years$2,981$2,111$1,464$998$671$229
32 years$2,857$1,997$1,366$917$607$198
33 years$2,740$1,891$1,275$843$549$172
34 years$2,630$1,793$1,191$776$497$149
35 years$2,527$1,700$1,114$714$450$129
36 years$2,430$1,614$1,042$658$408$112
37 years$2,338$1,533$975$606$370$97
38 years$2,252$1,457$913$559$335$84
39 years$2,170$1,385$856$515$304$73
40 years$2,092$1,318$802$475$276$63
41 years$2,018$1,254$752$438$250$55
42 years$1,948$1,195$705$404$227$48
43 years$1,881$1,138$662$373$206$41
44 years$1,818$1,085$621$345$187$36
45 years$1,757$1,035$583$318$170$31
46 years$1,700$987$548$294$154$27
47 years$1,645$942$515$272$140$24
48 years$1,592$899$484$251$127$20
49 years$1,542$859$455$232$115$18
50 years$1,494$820$428$214$105$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,530,000, adding $4,893 every year, while hoping to spend $39,283 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: 75/14/11 Blend
59$1,530,000$1,530,000$1,530,000$1,530,000
60$1,691,107$1,610,017$1,586,302$1,814,047
61$1,821,803$1,647,111$1,597,646$1,932,882
62$1,964,514$1,684,706$1,608,054$2,057,651
63$2,120,423$1,722,785$1,617,453$2,193,289
64$2,290,833$1,761,329$1,625,765$2,340,861
65$2,477,181$1,800,317$1,632,911$2,501,541
66$2,681,046$1,839,725$1,638,805$2,676,622
67$2,904,167$1,879,526$1,643,360$2,867,529
68$3,148,461$1,919,692$1,646,482$3,075,830
69$3,416,037$1,960,190$1,648,072$3,303,252
70$3,709,219$2,000,985$1,648,028$3,551,700
71$4,030,564$2,042,038$1,646,242$3,823,269
72$4,382,892$2,083,308$1,642,601$4,120,271
73$4,769,305$2,124,748$1,636,986$4,445,250
74$5,193,221$2,166,309$1,629,273$4,801,010
75$5,658,407$2,207,935$1,619,331$5,190,641
76$6,169,010$2,249,569$1,607,023$5,617,546
77$6,729,597$2,291,146$1,592,207$6,085,475
78$7,345,202$2,332,598$1,574,731$6,598,562
79$8,021,368$2,373,850$1,554,440$7,161,359
80$8,764,201$2,414,823$1,531,168$7,778,883
81$9,580,431$2,455,431$1,504,743$8,456,662
82$10,477,468$2,495,579$1,474,985$9,200,790
83$11,463,477$2,535,170$1,441,704$10,017,977
84$12,547,454$2,574,096$1,404,704$10,915,621
85$13,739,310$2,612,243$1,363,778$11,901,873
86$15,049,964$2,649,487$1,318,708$12,985,716
87$16,491,446$2,685,697$1,269,271$14,177,047
88$18,077,010$2,720,733$1,215,228$15,486,774
89$19,821,260$2,754,444$1,156,333$16,926,917
90$21,740,286$2,786,669$1,092,327$18,510,721
91$23,851,816$2,817,237$1,022,941$20,252,783
92$26,175,384$2,845,964$947,892$22,169,189
93$28,732,512$2,872,655$866,886$24,277,666
94$31,546,915$2,897,103$779,614$26,597,749
95$34,644,724$2,919,084$685,754$29,150,964
96$38,054,730$2,938,363$584,971$31,961,037
97$41,808,658$2,954,688$476,913$35,054,111
98$45,941,465$2,967,793$361,214$38,458,997
99$50,491,672$2,977,391$237,492$42,207,448
100$55,501,721$2,983,182$105,346$46,334,454