Can I retire at age 60 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$129,649$128,494$127,368$126,268$125,194$123,272
2 years$64,183$62,987$61,829$60,706$59,616$57,685
3 years$42,363$41,163$40,007$38,895$37,823$35,942
4 years$31,456$30,259$29,115$28,021$26,976$25,159
5 years$24,913$23,724$22,595$21,523$20,506$18,760
6 years$20,553$19,372$18,260$17,212$16,226$14,552
7 years$17,439$16,269$15,174$14,151$13,196$11,595
8 years$15,105$13,945$12,869$11,871$10,947$9,419
9 years$13,291$12,142$11,084$10,111$9,219$7,762
10 years$11,840$10,702$9,663$8,716$7,855$6,469
11 years$10,654$9,528$8,507$7,586$6,756$5,438
12 years$9,667$8,552$7,550$6,654$5,854$4,604
13 years$8,831$7,728$6,745$5,874$5,105$3,921
14 years$8,116$7,025$6,061$5,214$4,475$3,354
15 years$7,497$6,417$5,472$4,650$3,940$2,881
16 years$6,956$5,888$4,961$4,164$3,482$2,483
17 years$6,479$5,422$4,515$3,741$3,088$2,146
18 years$6,055$5,010$4,121$3,372$2,746$1,859
19 years$5,676$4,644$3,773$3,047$2,447$1,613
20 years$5,336$4,315$3,462$2,759$2,186$1,403
21 years$5,028$4,019$3,185$2,504$1,956$1,222
22 years$4,749$3,752$2,935$2,277$1,753$1,065
23 years$4,495$3,509$2,710$2,074$1,574$930
24 years$4,262$3,288$2,506$1,891$1,415$812
25 years$4,048$3,085$2,321$1,727$1,273$710
26 years$3,850$2,900$2,153$1,579$1,147$622
27 years$3,668$2,729$1,999$1,446$1,034$544
28 years$3,499$2,572$1,859$1,324$933$477
29 years$3,342$2,426$1,730$1,215$842$418
30 years$3,196$2,291$1,611$1,115$761$367
31 years$3,059$2,166$1,502$1,024$688$322
32 years$2,931$2,049$1,401$941$622$282
33 years$2,812$1,941$1,308$865$563$248
34 years$2,699$1,839$1,223$796$510$217
35 years$2,593$1,745$1,143$733$462$191
36 years$2,494$1,656$1,069$675$419$168
37 years$2,399$1,573$1,001$622$379$147
38 years$2,310$1,495$937$573$344$129
39 years$2,226$1,421$878$528$312$114
40 years$2,146$1,352$823$487$283$100
41 years$2,071$1,287$772$450$257$88
42 years$1,999$1,226$724$415$233$77
43 years$1,930$1,168$679$383$211$68
44 years$1,865$1,113$638$354$192$60
45 years$1,803$1,062$599$327$174$52
46 years$1,744$1,013$562$302$158$46
47 years$1,688$967$528$279$144$41
48 years$1,634$923$496$258$130$36
49 years$1,582$881$467$238$118$31
50 years$1,533$842$439$220$108$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,570,000, adding $4,229 every year, while hoping to spend $45,358 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: 31/49/20 Blend
59$1,570,000$1,570,000$1,570,000$1,570,000
60$1,734,502$1,651,292$1,626,957$1,777,342
61$1,863,161$1,683,945$1,633,200$1,842,648
62$2,003,423$1,716,678$1,638,131$1,908,503
63$2,156,423$1,749,446$1,641,660$1,978,441
64$2,323,412$1,782,202$1,643,689$2,052,846
65$2,505,765$1,814,895$1,644,118$2,132,138
66$2,704,997$1,847,470$1,642,840$2,216,787
67$2,922,776$1,879,865$1,639,744$2,307,306
68$3,160,937$1,912,016$1,634,713$2,404,267
69$3,421,501$1,943,854$1,627,625$2,508,299
70$3,706,695$1,975,303$1,618,351$2,620,097
71$4,018,969$2,006,284$1,606,757$2,740,429
72$4,361,022$2,036,710$1,592,702$2,870,144
73$4,735,826$2,066,489$1,576,037$3,010,180
74$5,146,655$2,095,521$1,556,609$3,161,572
75$5,597,112$2,123,701$1,534,254$3,325,463
76$6,091,170$2,150,914$1,508,804$3,503,117
77$6,633,201$2,177,041$1,480,080$3,695,928
78$7,228,022$2,201,950$1,447,898$3,905,438
79$7,880,940$2,225,505$1,412,061$4,133,348
80$8,597,798$2,247,557$1,372,368$4,381,537
81$9,385,035$2,267,949$1,328,604$4,652,080
82$10,249,744$2,286,514$1,280,547$4,947,267
83$11,199,737$2,303,072$1,227,965$5,269,628
84$12,243,622$2,317,434$1,170,613$5,621,955
85$13,390,881$2,329,398$1,108,238$6,007,332
86$14,651,960$2,338,748$1,040,574$6,429,160
87$16,038,368$2,345,255$967,341$6,891,198
88$17,562,785$2,348,676$888,250$7,397,592
89$19,239,180$2,348,752$802,998$7,952,919
90$21,082,945$2,345,209$711,267$8,562,230
91$23,111,037$2,337,756$612,726$9,231,100
92$25,342,139$2,326,083$507,029$9,965,682
93$27,796,839$2,309,862$393,816$10,772,765
94$30,497,816$2,288,745$272,708$11,659,841
95$33,470,062$2,262,363$143,313$12,635,177
96$36,741,114$2,230,324$5,220$13,707,894
97$40,341,312$2,192,214$0$14,888,055
98$44,304,087$2,147,594$0$16,217,097
99$48,666,276$2,095,998$0$17,680,096
100$53,468,469$2,036,934$0$19,289,548