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%15.7%
1 years$127,172$126,039$124,934$123,855$122,802$119,930
2 years$62,956$61,784$60,647$59,546$58,477$55,601
3 years$41,554$40,376$39,243$38,152$37,100$34,309
4 years$30,855$29,681$28,559$27,486$26,460$23,775
5 years$24,437$23,270$22,163$21,112$20,115$17,543
6 years$20,160$19,002$17,911$16,883$15,916$13,461
7 years$17,106$15,958$14,884$13,881$12,944$10,605
8 years$14,817$13,679$12,623$11,644$10,738$8,515
9 years$13,037$11,910$10,872$9,918$9,043$6,934
10 years$11,614$10,498$9,478$8,550$7,705$5,708
11 years$10,451$9,346$8,345$7,441$6,627$4,739
12 years$9,482$8,388$7,406$6,527$5,743$3,960
13 years$8,663$7,580$6,617$5,762$5,008$3,328
14 years$7,961$6,890$5,945$5,115$4,390$2,809
15 years$7,354$6,295$5,368$4,562$3,865$2,380
16 years$6,823$5,775$4,866$4,084$3,416$2,022
17 years$6,355$5,319$4,428$3,670$3,029$1,723
18 years$5,939$4,915$4,042$3,307$2,693$1,471
19 years$5,568$4,555$3,701$2,988$2,400$1,258
20 years$5,234$4,233$3,396$2,707$2,144$1,077
21 years$4,932$3,943$3,124$2,456$1,919$924
22 years$4,658$3,680$2,879$2,233$1,720$793
23 years$4,409$3,442$2,658$2,034$1,544$682
24 years$4,180$3,225$2,459$1,855$1,388$586
25 years$3,970$3,026$2,277$1,694$1,249$505
26 years$3,777$2,844$2,112$1,549$1,125$435
27 years$3,598$2,677$1,961$1,418$1,014$374
28 years$3,432$2,522$1,823$1,299$915$323
29 years$3,278$2,380$1,697$1,191$826$278
30 years$3,135$2,247$1,580$1,093$747$240
31 years$3,001$2,124$1,473$1,004$675$207
32 years$2,875$2,010$1,375$923$611$179
33 years$2,758$1,904$1,283$849$553$154
34 years$2,648$1,804$1,199$781$500$133
35 years$2,544$1,711$1,121$719$453$115
36 years$2,446$1,624$1,049$662$411$99
37 years$2,354$1,543$982$610$372$86
38 years$2,266$1,466$919$562$337$74
39 years$2,184$1,394$861$518$306$64
40 years$2,105$1,326$807$478$277$55
41 years$2,031$1,263$757$441$252$48
42 years$1,961$1,202$710$407$228$41
43 years$1,894$1,146$666$376$207$36
44 years$1,830$1,092$625$347$188$31
45 years$1,769$1,041$587$320$171$27
46 years$1,711$993$552$296$155$23
47 years$1,656$948$518$273$141$20
48 years$1,603$905$487$253$128$17
49 years$1,552$864$458$234$116$15
50 years$1,504$826$430$216$106$13

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 $3,632 every year, while hoping to spend $20,975 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: 42/40/18 Blend
59$1,540,000$1,540,000$1,540,000$1,540,000
60$1,700,826$1,619,206$1,595,336$1,763,153
61$1,851,993$1,676,230$1,626,463$1,864,622
62$2,017,877$1,735,345$1,657,929$1,972,106
63$2,199,955$1,796,632$1,689,724$2,088,059
64$2,399,857$1,860,174$1,721,837$2,213,269
65$2,619,377$1,926,057$1,754,254$2,348,600
66$2,860,493$1,994,373$1,786,960$2,495,002
67$3,125,381$2,065,216$1,819,942$2,653,520
68$3,416,442$2,138,683$1,853,181$2,825,303
69$3,736,317$2,214,877$1,886,661$3,011,613
70$4,087,919$2,293,903$1,920,362$3,213,839
71$4,474,454$2,375,872$1,954,261$3,433,507
72$4,899,458$2,460,899$1,988,338$3,672,298
73$5,366,823$2,549,103$2,022,568$3,932,059
74$5,880,839$2,640,610$2,056,925$4,214,824
75$6,446,233$2,735,548$2,091,380$4,522,829
76$7,068,212$2,834,053$2,125,904$4,858,535
77$7,752,514$2,936,265$2,160,466$5,224,652
78$8,505,459$3,042,331$2,195,031$5,624,159
79$9,334,014$3,152,404$2,229,562$6,060,340
80$10,245,853$3,266,641$2,264,022$6,536,804
81$11,249,432$3,385,208$2,298,369$7,057,528
82$12,354,069$3,508,279$2,332,559$7,626,888
83$13,570,031$3,636,031$2,366,547$8,249,704
84$14,908,630$3,768,652$2,400,282$8,931,280
85$16,382,331$3,906,338$2,433,713$9,677,458
86$18,004,871$4,049,289$2,466,783$10,494,670
87$19,791,382$4,197,720$2,499,435$11,389,999
88$21,758,544$4,351,848$2,531,607$12,371,245
89$23,924,731$4,511,905$2,563,232$13,446,998
90$26,310,195$4,678,129$2,594,241$14,626,717
91$28,937,248$4,850,771$2,624,561$15,920,821
92$31,830,477$5,030,089$2,654,114$17,340,785
93$35,016,978$5,216,355$2,682,819$18,899,248
94$38,526,605$5,409,851$2,710,589$20,610,131
95$42,392,257$5,610,873$2,737,332$22,488,767
96$46,650,189$5,819,727$2,762,954$24,552,047
97$51,340,347$6,036,733$2,787,352$26,818,578
98$56,506,755$6,262,225$2,810,421$29,308,853
99$62,197,922$6,496,552$2,832,048$32,045,451
100$68,467,303$6,740,076$2,852,115$35,053,244