Can I retire at age 60 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$127,172$126,039$124,934$123,855$122,802$120,224
2 years$62,956$61,784$60,647$59,546$58,477$55,892
3 years$41,554$40,376$39,243$38,152$37,100$34,589
4 years$30,855$29,681$28,559$27,486$26,460$24,042
5 years$24,437$23,270$22,163$21,112$20,115$17,796
6 years$20,160$19,002$17,911$16,883$15,916$13,699
7 years$17,106$15,958$14,884$13,881$12,944$10,830
8 years$14,817$13,679$12,623$11,644$10,738$8,726
9 years$13,037$11,910$10,872$9,918$9,043$7,132
10 years$11,614$10,498$9,478$8,550$7,705$5,892
11 years$10,451$9,346$8,345$7,441$6,627$4,910
12 years$9,482$8,388$7,406$6,527$5,743$4,120
13 years$8,663$7,580$6,617$5,762$5,008$3,476
14 years$7,961$6,890$5,945$5,115$4,390$2,946
15 years$7,354$6,295$5,368$4,562$3,865$2,506
16 years$6,823$5,775$4,866$4,084$3,416$2,139
17 years$6,355$5,319$4,428$3,670$3,029$1,830
18 years$5,939$4,915$4,042$3,307$2,693$1,569
19 years$5,568$4,555$3,701$2,988$2,400$1,348
20 years$5,234$4,233$3,396$2,707$2,144$1,160
21 years$4,932$3,943$3,124$2,456$1,919$999
22 years$4,658$3,680$2,879$2,233$1,720$862
23 years$4,409$3,442$2,658$2,034$1,544$744
24 years$4,180$3,225$2,459$1,855$1,388$643
25 years$3,970$3,026$2,277$1,694$1,249$556
26 years$3,777$2,844$2,112$1,549$1,125$481
27 years$3,598$2,677$1,961$1,418$1,014$417
28 years$3,432$2,522$1,823$1,299$915$361
29 years$3,278$2,380$1,697$1,191$826$313
30 years$3,135$2,247$1,580$1,093$747$271
31 years$3,001$2,124$1,473$1,004$675$235
32 years$2,875$2,010$1,375$923$611$204
33 years$2,758$1,904$1,283$849$553$177
34 years$2,648$1,804$1,199$781$500$153
35 years$2,544$1,711$1,121$719$453$133
36 years$2,446$1,624$1,049$662$411$116
37 years$2,354$1,543$982$610$372$100
38 years$2,266$1,466$919$562$337$87
39 years$2,184$1,394$861$518$306$76
40 years$2,105$1,326$807$478$277$66
41 years$2,031$1,263$757$441$252$57
42 years$1,961$1,202$710$407$228$50
43 years$1,894$1,146$666$376$207$43
44 years$1,830$1,092$625$347$188$37
45 years$1,769$1,041$587$320$171$32
46 years$1,711$993$552$296$155$28
47 years$1,656$948$518$273$141$24
48 years$1,603$905$487$253$128$21
49 years$1,552$864$458$234$116$18
50 years$1,504$826$430$216$106$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,540,000, adding $2,817 every year, while hoping to spend $52,611 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: 68/12/20 Blend
59$1,540,000$1,540,000$1,540,000$1,540,000
60$1,699,986$1,618,366$1,594,496$1,806,965
61$1,817,407$1,641,688$1,591,934$1,902,187
62$1,945,041$1,664,390$1,587,522$1,999,922
63$2,083,875$1,686,385$1,581,145$2,105,558
64$2,234,995$1,707,582$1,572,677$2,219,872
65$2,399,593$1,727,882$1,561,990$2,343,721
66$2,578,984$1,747,181$1,548,950$2,478,047
67$2,774,614$1,765,366$1,533,413$2,623,890
68$2,988,074$1,782,319$1,515,232$2,782,399
69$3,221,117$1,797,911$1,494,251$2,954,837
70$3,475,669$1,812,008$1,470,307$3,142,599
71$3,753,856$1,824,464$1,443,231$3,347,223
72$4,058,012$1,835,126$1,412,842$3,570,404
73$4,390,713$1,843,831$1,378,956$3,814,011
74$4,754,790$1,850,403$1,341,375$4,080,105
75$5,153,365$1,854,659$1,299,898$4,370,959
76$5,589,872$1,856,401$1,254,308$4,689,079
77$6,068,095$1,855,421$1,204,383$5,037,228
78$6,592,201$1,851,497$1,149,890$5,418,451
79$7,166,777$1,844,392$1,090,584$5,836,108
80$7,796,880$1,833,858$1,026,209$6,293,902
81$8,488,074$1,819,630$956,500$6,795,915
82$9,246,491$1,801,425$881,176$7,346,650
83$10,078,884$1,778,946$799,947$7,951,070
84$10,992,693$1,751,878$712,508$8,614,647
85$11,996,112$1,719,884$618,541$9,343,414
86$13,098,168$1,682,611$517,715$10,144,022
87$14,308,805$1,639,683$409,682$11,023,804
88$15,638,978$1,590,701$294,081$11,990,845
89$17,100,754$1,535,246$170,533$13,054,058
90$18,707,430$1,472,872$38,645$14,223,268
91$20,473,652$1,403,107$0$15,509,306
92$22,415,557$1,325,453$0$16,945,904
93$24,550,926$1,239,381$0$18,534,654
94$26,899,344$1,144,335$0$20,281,907
95$29,482,395$1,039,725$0$22,203,761
96$32,323,855$924,927$0$24,317,956
97$35,449,923$799,284$0$26,644,039
98$38,889,465$662,098$0$29,203,553
99$42,674,285$512,635$0$32,020,238
100$46,839,426$350,119$0$35,120,256