Can I retire at age 60 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$90,011$89,209$88,427$87,664$86,918$84,990
2 years$44,560$43,730$42,926$42,146$41,390$39,457
3 years$29,412$28,578$27,776$27,003$26,259$24,382
4 years$21,839$21,008$20,214$19,454$18,728$16,922
5 years$17,296$16,470$15,687$14,943$14,237$12,506
6 years$14,269$13,449$12,677$11,950$11,265$9,611
7 years$12,108$11,295$10,535$9,825$9,162$7,585
8 years$10,487$9,682$8,934$8,242$7,600$6,101
9 years$9,228$8,430$7,695$7,020$6,401$4,977
10 years$8,220$7,430$6,709$6,051$5,454$4,105
11 years$7,397$6,615$5,906$5,267$4,690$3,414
12 years$6,711$5,937$5,242$4,619$4,065$2,859
13 years$6,131$5,365$4,683$4,078$3,544$2,407
14 years$5,635$4,877$4,208$3,620$3,107$2,036
15 years$5,205$4,455$3,799$3,229$2,736$1,729
16 years$4,829$4,088$3,444$2,891$2,418$1,472
17 years$4,498$3,765$3,134$2,597$2,144$1,257
18 years$4,204$3,479$2,861$2,341$1,906$1,075
19 years$3,941$3,224$2,619$2,115$1,699$922
20 years$3,705$2,996$2,404$1,916$1,518$791
21 years$3,491$2,790$2,211$1,739$1,358$680
22 years$3,297$2,605$2,038$1,581$1,217$585
23 years$3,121$2,436$1,882$1,440$1,093$504
24 years$2,959$2,283$1,740$1,313$982$435
25 years$2,810$2,142$1,612$1,199$884$375
26 years$2,673$2,013$1,495$1,096$796$324
27 years$2,547$1,895$1,388$1,004$718$280
28 years$2,429$1,785$1,290$919$648$242
29 years$2,320$1,684$1,201$843$585$209
30 years$2,219$1,591$1,119$774$528$181
31 years$2,124$1,504$1,043$711$478$156
32 years$2,035$1,423$973$653$432$135
33 years$1,952$1,347$908$601$391$117
34 years$1,874$1,277$849$553$354$101
35 years$1,800$1,211$794$509$321$88
36 years$1,731$1,150$742$469$291$76
37 years$1,666$1,092$695$432$263$66
38 years$1,604$1,038$651$398$239$57
39 years$1,546$987$610$367$217$49
40 years$1,490$939$571$338$196$43
41 years$1,438$894$536$312$178$37
42 years$1,388$851$503$288$162$32
43 years$1,340$811$472$266$147$28
44 years$1,295$773$443$246$133$24
45 years$1,252$737$416$227$121$21
46 years$1,211$703$390$210$110$18
47 years$1,172$671$367$194$100$16
48 years$1,134$641$345$179$91$14
49 years$1,098$612$324$165$82$12
50 years$1,064$584$305$153$75$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,090,000, adding $3,768 every year, while hoping to spend $38,785 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: 59/31/10 Blend
59$1,090,000$1,090,000$1,090,000$1,090,000
60$1,205,067$1,147,297$1,130,402$1,273,121
61$1,286,717$1,162,247$1,127,003$1,334,273
62$1,375,395$1,176,631$1,122,191$1,396,212
63$1,471,777$1,190,378$1,115,877$1,462,801
64$1,576,608$1,203,415$1,107,968$1,534,491
65$1,690,704$1,215,665$1,098,367$1,611,778
66$1,814,967$1,227,044$1,086,973$1,695,210
67$1,950,387$1,237,462$1,073,680$1,785,391
68$2,098,054$1,246,825$1,058,376$1,882,987
69$2,259,167$1,255,031$1,040,943$1,988,734
70$2,435,048$1,261,974$1,021,261$2,103,443
71$2,627,151$1,267,539$999,201$2,228,009
72$2,837,075$1,271,603$974,629$2,363,420
73$3,066,584$1,274,038$947,406$2,510,764
74$3,317,616$1,274,707$917,385$2,671,243
75$3,592,308$1,273,463$884,413$2,846,183
76$3,893,012$1,270,151$848,329$3,037,047
77$4,222,318$1,264,607$808,967$3,245,447
78$4,583,078$1,256,657$766,151$3,473,164
79$4,978,434$1,246,114$719,698$3,722,160
80$5,411,843$1,232,783$669,417$3,994,601
81$5,887,117$1,216,456$615,109$4,292,877
82$6,408,452$1,196,911$556,564$4,619,623
83$6,980,470$1,173,915$493,565$4,977,745
84$7,608,262$1,147,221$425,883$5,370,449
85$8,297,436$1,116,566$353,282$5,801,273
86$9,054,170$1,081,673$275,511$6,274,117
87$9,885,267$1,042,247$192,313$6,793,283
88$10,798,225$997,978$103,417$7,363,516
89$11,801,302$948,537$8,539$7,990,049
90$12,903,594$893,575$0$8,678,654
91$14,115,125$832,724$0$9,445,589
92$15,446,937$765,596$0$10,289,595
93$16,911,193$691,779$0$11,217,537
94$18,521,296$610,838$0$12,237,986
95$20,292,013$522,313$0$13,360,394
96$22,239,611$425,719$0$14,595,180
97$24,382,015$320,544$0$15,953,832
98$26,738,974$206,244$0$17,449,013
99$29,332,248$82,249$0$19,094,685
100$32,185,812$0$0$20,906,239