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%16.5%
1 years$127,998$126,857$125,745$124,659$123,599$120,318
2 years$63,365$62,185$61,041$59,932$58,857$55,574
3 years$41,824$40,639$39,498$38,399$37,341$34,160
4 years$31,055$29,874$28,744$27,664$26,632$23,576
5 years$24,596$23,421$22,307$21,249$20,245$17,323
6 years$20,291$19,125$18,027$16,993$16,019$13,234
7 years$17,217$16,061$14,981$13,971$13,028$10,380
8 years$14,913$13,768$12,705$11,720$10,808$8,295
9 years$13,122$11,987$10,943$9,983$9,102$6,723
10 years$11,690$10,566$9,540$8,605$7,755$5,506
11 years$10,519$9,406$8,399$7,489$6,670$4,548
12 years$9,543$8,443$7,454$6,569$5,780$3,781
13 years$8,719$7,630$6,659$5,799$5,040$3,160
14 years$8,013$6,935$5,984$5,148$4,418$2,653
15 years$7,402$6,335$5,402$4,591$3,890$2,235
16 years$6,867$5,813$4,898$4,111$3,438$1,888
17 years$6,396$5,353$4,457$3,694$3,048$1,599
18 years$5,978$4,947$4,069$3,329$2,711$1,357
19 years$5,604$4,584$3,725$3,008$2,416$1,154
20 years$5,268$4,260$3,418$2,724$2,158$982
21 years$4,964$3,968$3,144$2,472$1,931$837
22 years$4,689$3,704$2,898$2,248$1,731$714
23 years$4,437$3,464$2,676$2,047$1,554$610
24 years$4,207$3,246$2,475$1,867$1,397$522
25 years$3,996$3,046$2,292$1,705$1,257$446
26 years$3,801$2,863$2,126$1,559$1,132$382
27 years$3,621$2,694$1,974$1,427$1,021$327
28 years$3,455$2,539$1,835$1,308$921$280
29 years$3,300$2,395$1,708$1,199$832$240
30 years$3,155$2,262$1,591$1,100$751$205
31 years$3,020$2,138$1,483$1,011$679$176
32 years$2,894$2,023$1,383$929$615$151
33 years$2,776$1,916$1,292$854$556$129
34 years$2,665$1,816$1,207$786$504$111
35 years$2,560$1,722$1,128$723$456$95
36 years$2,462$1,635$1,056$666$413$82
37 years$2,369$1,553$988$614$374$70
38 years$2,281$1,476$925$566$340$60
39 years$2,198$1,403$867$522$308$52
40 years$2,119$1,335$813$481$279$44
41 years$2,044$1,271$762$444$253$38
42 years$1,973$1,210$715$410$230$33
43 years$1,906$1,153$671$378$209$28
44 years$1,842$1,099$629$349$189$24
45 years$1,780$1,048$591$323$172$21
46 years$1,722$1,000$555$298$156$18
47 years$1,666$954$522$275$142$15
48 years$1,613$911$490$254$129$13
49 years$1,562$870$461$235$117$11
50 years$1,513$831$433$217$106$10

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 $3,961 every year, while hoping to spend $41,803 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: 69/16/15 Blend
59$1,550,000$1,550,000$1,550,000$1,550,000
60$1,712,186$1,630,036$1,606,011$1,824,129
61$1,842,351$1,665,429$1,615,334$1,934,532
62$1,984,391$1,701,156$1,623,569$2,049,926
63$2,139,475$1,737,189$1,630,634$2,175,112
64$2,308,886$1,773,496$1,636,445$2,311,048
65$2,494,040$1,810,045$1,640,913$2,458,790
66$2,696,493$1,846,798$1,643,945$2,619,502
67$2,917,961$1,883,716$1,645,442$2,794,466
68$3,160,330$1,920,756$1,645,302$2,985,095
69$3,425,681$1,957,869$1,643,416$3,192,944
70$3,716,301$1,995,006$1,639,672$3,419,728
71$4,034,713$2,032,110$1,633,950$3,667,336
72$4,383,692$2,069,122$1,626,126$3,937,851
73$4,766,296$2,105,977$1,616,069$4,233,567
74$5,185,893$2,142,605$1,603,642$4,557,010
75$5,646,193$2,178,931$1,588,702$4,910,968
76$6,151,280$2,214,874$1,571,099$5,298,510
77$6,705,655$2,250,347$1,550,675$5,723,019
78$7,314,275$2,285,257$1,527,266$6,188,223
79$7,982,600$2,319,504$1,500,699$6,698,232
80$8,716,646$2,352,981$1,470,793$7,257,572
81$9,523,039$2,385,572$1,437,360$7,871,234
82$10,409,079$2,417,155$1,400,202$8,544,719
83$11,382,808$2,447,598$1,359,111$9,284,086
84$12,453,085$2,476,761$1,313,872$10,096,016
85$13,629,672$2,504,494$1,264,259$10,987,870
86$14,923,321$2,530,637$1,210,034$11,967,762
87$16,345,879$2,555,018$1,150,950$13,044,633
88$17,910,401$2,577,456$1,086,749$14,228,339
89$19,631,267$2,597,757$1,017,160$15,529,739
90$21,524,323$2,615,713$941,901$16,960,806
91$23,607,027$2,631,106$860,677$18,534,730
92$25,898,613$2,643,700$773,180$20,266,052
93$28,420,277$2,653,247$679,087$22,170,796
94$31,195,371$2,659,481$578,062$24,266,621
95$34,249,626$2,662,123$469,754$26,572,993
96$37,611,393$2,660,872$353,796$29,111,362
97$41,311,911$2,655,411$229,805$31,905,369
98$45,385,604$2,645,404$97,381$34,981,071
99$49,870,399$2,630,492$0$38,367,183
100$54,808,091$2,610,297$0$42,102,387