Can I retire at age 60 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$127,998$126,857$125,745$124,659$123,599$119,499
2 years$63,365$62,185$61,041$59,932$58,857$54,766
3 years$41,824$40,639$39,498$38,399$37,341$33,388
4 years$31,055$29,874$28,744$27,664$26,632$22,847
5 years$24,596$23,421$22,307$21,249$20,245$16,638
6 years$20,291$19,125$18,027$16,993$16,019$12,593
7 years$17,217$16,061$14,981$13,971$13,028$9,782
8 years$14,913$13,768$12,705$11,720$10,808$7,739
9 years$13,122$11,987$10,943$9,983$9,102$6,208
10 years$11,690$10,566$9,540$8,605$7,755$5,031
11 years$10,519$9,406$8,399$7,489$6,670$4,110
12 years$9,543$8,443$7,454$6,569$5,780$3,379
13 years$8,719$7,630$6,659$5,799$5,040$2,792
14 years$8,013$6,935$5,984$5,148$4,418$2,316
15 years$7,402$6,335$5,402$4,591$3,890$1,928
16 years$6,867$5,813$4,898$4,111$3,438$1,609
17 years$6,396$5,353$4,457$3,694$3,048$1,346
18 years$5,978$4,947$4,069$3,329$2,711$1,128
19 years$5,604$4,584$3,725$3,008$2,416$947
20 years$5,268$4,260$3,418$2,724$2,158$796
21 years$4,964$3,968$3,144$2,472$1,931$669
22 years$4,689$3,704$2,898$2,248$1,731$564
23 years$4,437$3,464$2,676$2,047$1,554$475
24 years$4,207$3,246$2,475$1,867$1,397$400
25 years$3,996$3,046$2,292$1,705$1,257$338
26 years$3,801$2,863$2,126$1,559$1,132$285
27 years$3,621$2,694$1,974$1,427$1,021$241
28 years$3,455$2,539$1,835$1,308$921$203
29 years$3,300$2,395$1,708$1,199$832$172
30 years$3,155$2,262$1,591$1,100$751$145
31 years$3,020$2,138$1,483$1,011$679$123
32 years$2,894$2,023$1,383$929$615$104
33 years$2,776$1,916$1,292$854$556$88
34 years$2,665$1,816$1,207$786$504$74
35 years$2,560$1,722$1,128$723$456$63
36 years$2,462$1,635$1,056$666$413$53
37 years$2,369$1,553$988$614$374$45
38 years$2,281$1,476$925$566$340$38
39 years$2,198$1,403$867$522$308$32
40 years$2,119$1,335$813$481$279$27
41 years$2,044$1,271$762$444$253$23
42 years$1,973$1,210$715$410$230$19
43 years$1,906$1,153$671$378$209$16
44 years$1,842$1,099$629$349$189$14
45 years$1,780$1,048$591$323$172$12
46 years$1,722$1,000$555$298$156$10
47 years$1,666$954$522$275$142$8
48 years$1,613$911$490$254$129$7
49 years$1,562$870$461$235$117$6
50 years$1,513$831$433$217$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,550,000, adding $3,059 every year, while hoping to spend $36,448 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: 70/15/15 Blend
59$1,550,000$1,550,000$1,550,000$1,550,000
60$1,711,255$1,629,105$1,605,080$1,824,965
61$1,847,023$1,670,151$1,620,070$1,941,992
62$1,995,417$1,711,987$1,634,341$2,065,361
63$2,157,688$1,754,612$1,647,829$2,199,440
64$2,335,210$1,798,026$1,660,469$2,345,281
65$2,529,499$1,842,227$1,672,193$2,504,040
66$2,742,223$1,887,211$1,682,926$2,676,993
67$2,975,218$1,932,972$1,692,592$2,865,543
68$3,230,506$1,979,504$1,701,110$3,071,239
69$3,510,317$2,026,799$1,708,396$3,295,783
70$3,817,103$2,074,845$1,714,361$3,541,054
71$4,153,566$2,123,631$1,718,910$3,809,118
72$4,522,682$2,173,142$1,721,947$4,102,255
73$4,927,730$2,223,360$1,723,366$4,422,975
74$5,372,320$2,274,267$1,723,061$4,774,043
75$5,860,431$2,325,840$1,720,917$5,158,508
76$6,396,443$2,378,054$1,716,816$5,579,725
77$6,985,183$2,430,881$1,710,632$6,041,396
78$7,631,968$2,484,291$1,702,235$6,547,597
79$8,342,655$2,538,248$1,691,487$7,102,818
80$9,123,698$2,592,714$1,678,243$7,712,011
81$9,982,205$2,647,647$1,662,354$8,380,628
82$10,926,008$2,703,000$1,643,661$9,114,680
83$11,963,737$2,758,722$1,621,999$9,920,789
84$13,104,896$2,814,758$1,597,195$10,806,254
85$14,359,961$2,871,047$1,569,066$11,779,117
86$15,740,471$2,927,522$1,537,424$12,848,238
87$17,259,141$2,984,112$1,502,069$14,023,386
88$18,929,978$3,040,739$1,462,794$15,315,321
89$20,768,420$3,097,318$1,419,381$16,735,904
90$22,791,470$3,153,759$1,371,602$18,298,203
91$25,017,870$3,209,963$1,319,220$20,016,622
92$27,468,264$3,265,823$1,261,986$21,907,033
93$30,165,404$3,321,225$1,199,639$23,986,926
94$33,134,357$3,376,046$1,131,909$26,275,579
95$36,402,743$3,430,154$1,058,509$28,794,232
96$40,000,998$3,483,407$979,145$31,566,295
97$43,962,658$3,535,652$893,504$34,617,567
98$48,324,677$3,586,727$801,264$37,976,478
99$53,127,773$3,636,455$702,086$41,674,358
100$58,416,815$3,684,651$595,615$45,745,736