Can I retire at age 60 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$131,301$130,131$128,990$127,876$126,789$126,043
2 years$65,000$63,790$62,617$61,479$60,376$59,623
3 years$42,903$41,687$40,517$39,390$38,305$37,569
4 years$31,857$30,645$29,486$28,378$27,319$26,605
5 years$25,231$24,026$22,882$21,797$20,768$20,078
6 years$20,815$19,619$18,492$17,432$16,433$15,769
7 years$17,662$16,476$15,367$14,331$13,364$12,726
8 years$15,298$14,123$13,033$12,022$11,087$10,474
9 years$13,460$12,296$11,225$10,240$9,337$8,750
10 years$11,991$10,839$9,786$8,827$7,955$7,394
11 years$10,790$9,649$8,616$7,682$6,842$6,305
12 years$9,790$8,661$7,646$6,738$5,929$5,417
13 years$8,944$7,827$6,831$5,949$5,170$4,682
14 years$8,220$7,114$6,138$5,281$4,532$4,067
15 years$7,593$6,499$5,542$4,710$3,991$3,548
16 years$7,044$5,963$5,024$4,217$3,527$3,106
17 years$6,561$5,491$4,572$3,789$3,127$2,728
18 years$6,132$5,074$4,174$3,415$2,781$2,402
19 years$5,749$4,703$3,821$3,085$2,478$2,120
20 years$5,404$4,370$3,507$2,794$2,214$1,875
21 years$5,092$4,071$3,225$2,536$1,981$1,661
22 years$4,810$3,800$2,973$2,306$1,776$1,473
23 years$4,552$3,554$2,745$2,100$1,594$1,309
24 years$4,316$3,330$2,538$1,915$1,433$1,164
25 years$4,099$3,125$2,351$1,749$1,289$1,036
26 years$3,900$2,937$2,180$1,599$1,161$924
27 years$3,715$2,764$2,025$1,464$1,047$824
28 years$3,544$2,604$1,882$1,341$945$735
29 years$3,385$2,457$1,752$1,230$853$656
30 years$3,237$2,320$1,632$1,129$771$586
31 years$3,098$2,193$1,521$1,037$697$524
32 years$2,969$2,075$1,419$953$630$469
33 years$2,847$1,965$1,325$876$570$419
34 years$2,734$1,863$1,238$806$517$375
35 years$2,626$1,767$1,158$742$468$336
36 years$2,525$1,677$1,083$683$424$301
37 years$2,430$1,593$1,014$630$384$270
38 years$2,340$1,514$949$580$348$242
39 years$2,255$1,439$889$535$316$216
40 years$2,174$1,369$833$494$286$194
41 years$2,097$1,304$782$455$260$174
42 years$2,024$1,241$733$420$236$156
43 years$1,955$1,183$688$388$214$140
44 years$1,889$1,128$646$358$194$125
45 years$1,826$1,075$606$331$176$112
46 years$1,766$1,026$569$306$160$101
47 years$1,709$979$535$282$145$90
48 years$1,655$934$503$261$132$81
49 years$1,602$892$473$241$120$73
50 years$1,552$852$444$223$109$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,590,000, adding $5,055 every year, while hoping to spend $51,972 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: 43/38/19 Blend
59$1,590,000$1,590,000$1,590,000$1,590,000
60$1,757,394$1,673,124$1,648,479$1,823,044
61$1,881,351$1,699,810$1,648,405$1,896,571
62$2,016,209$1,726,060$1,646,587$1,970,702
63$2,163,026$1,751,801$1,642,912$2,049,935
64$2,322,964$1,776,949$1,637,259$2,134,766
65$2,497,305$1,801,419$1,629,506$2,225,742
66$2,687,457$1,825,115$1,619,521$2,323,468
67$2,894,970$1,847,938$1,607,167$2,428,612
68$3,121,551$1,869,781$1,592,302$2,541,913
69$3,369,080$1,890,530$1,574,774$2,664,185
70$3,639,623$1,910,064$1,554,427$2,796,329
71$3,935,460$1,928,252$1,531,095$2,939,342
72$4,259,097$1,944,956$1,504,606$3,094,321
73$4,613,294$1,960,029$1,474,780$3,262,481
74$5,001,093$1,973,313$1,441,428$3,445,163
75$5,425,840$1,984,640$1,404,351$3,643,848
76$5,891,222$1,993,834$1,363,344$3,860,172
77$6,401,299$2,000,705$1,318,189$4,095,940
78$6,960,544$2,005,051$1,268,660$4,353,147
79$7,573,880$2,006,660$1,214,520$4,633,996
80$8,246,732$2,005,302$1,155,523$4,940,917
81$8,985,075$2,000,739$1,091,410$5,276,596
82$9,795,490$1,992,712$1,021,910$5,643,995
83$10,685,227$1,980,952$946,740$6,046,387
84$11,662,270$1,965,169$865,606$6,487,383
85$12,735,417$1,945,058$778,200$6,970,969
86$13,914,359$1,920,294$684,198$7,501,545
87$15,209,770$1,890,535$583,265$8,083,966
88$16,633,412$1,855,417$475,050$8,723,593
89$18,198,241$1,814,553$359,185$9,426,339
90$19,918,531$1,767,536$235,288$10,198,731
91$21,810,009$1,713,933$102,958$11,047,969
92$23,890,002$1,653,288$0$11,982,001
93$26,177,598$1,585,114$0$13,017,351
94$28,693,829$1,508,901$0$14,178,713
95$31,461,868$1,424,106$0$15,455,957
96$34,507,248$1,330,157$0$16,860,953
97$37,858,099$1,226,446$0$18,406,788
98$41,545,416$1,112,333$0$20,107,894
99$45,603,353$987,141$0$21,980,184
100$50,069,538$850,155$0$24,041,203