Can I retire at age 60 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$109,830$108,852$107,897$106,966$106,056$103,283
2 years$54,371$53,359$52,377$51,426$50,503$47,728
3 years$35,888$34,871$33,892$32,949$32,041$29,351
4 years$26,647$25,634$24,664$23,738$22,852$20,267
5 years$21,105$20,097$19,141$18,233$17,372$14,900
6 years$17,411$16,411$15,468$14,581$13,746$11,389
7 years$14,773$13,782$12,854$11,988$11,179$8,938
8 years$12,796$11,813$10,902$10,056$9,274$7,147
9 years$11,259$10,286$9,389$8,566$7,810$5,796
10 years$10,030$9,066$8,186$7,384$6,655$4,750
11 years$9,026$8,071$7,207$6,426$5,723$3,926
12 years$8,189$7,244$6,396$5,637$4,960$3,266
13 years$7,481$6,547$5,714$4,976$4,325$2,732
14 years$6,876$5,951$5,134$4,417$3,791$2,295
15 years$6,351$5,436$4,636$3,939$3,338$1,934
16 years$5,892$4,988$4,203$3,527$2,950$1,636
17 years$5,488$4,593$3,824$3,169$2,616$1,386
18 years$5,129$4,244$3,491$2,856$2,326$1,177
19 years$4,809$3,934$3,196$2,581$2,073$1,002
20 years$4,520$3,655$2,933$2,337$1,852$853
21 years$4,260$3,405$2,698$2,121$1,657$728
22 years$4,023$3,178$2,487$1,929$1,485$622
23 years$3,808$2,973$2,296$1,757$1,333$531
24 years$3,610$2,785$2,123$1,602$1,198$454
25 years$3,429$2,614$1,967$1,463$1,078$389
26 years$3,262$2,457$1,824$1,338$971$333
27 years$3,107$2,312$1,694$1,225$876$285
28 years$2,964$2,178$1,574$1,122$790$245
29 years$2,831$2,055$1,465$1,029$714$210
30 years$2,707$1,941$1,365$944$645$180
31 years$2,592$1,835$1,272$867$583$154
32 years$2,483$1,736$1,187$797$527$132
33 years$2,382$1,644$1,108$733$477$114
34 years$2,287$1,558$1,036$674$432$97
35 years$2,197$1,478$968$621$391$84
36 years$2,112$1,403$906$572$355$72
37 years$2,033$1,332$848$527$321$62
38 years$1,957$1,266$794$486$291$53
39 years$1,886$1,204$744$448$264$45
40 years$1,818$1,146$697$413$240$39
41 years$1,754$1,090$654$381$217$34
42 years$1,693$1,038$613$352$197$29
43 years$1,635$989$575$325$179$25
44 years$1,580$943$540$300$163$21
45 years$1,528$899$507$277$148$18
46 years$1,478$858$476$256$134$16
47 years$1,430$819$448$236$122$13
48 years$1,384$782$421$218$110$12
49 years$1,340$746$395$202$100$10
50 years$1,299$713$372$186$91$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,330,000, adding $6,938 every year, while hoping to spend $55,566 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: 59/34/7 Blend
59$1,330,000$1,330,000$1,330,000$1,330,000
60$1,472,817$1,402,327$1,381,712$1,557,143
61$1,563,922$1,411,919$1,368,877$1,624,119
62$1,662,458$1,420,119$1,353,750$1,690,163
63$1,769,124$1,426,799$1,336,196$1,760,779
64$1,884,688$1,431,826$1,316,072$1,836,410
65$2,009,995$1,435,055$1,293,230$1,917,544
66$2,145,976$1,436,334$1,267,514$2,004,718
67$2,293,652$1,435,500$1,238,762$2,098,529
68$2,454,147$1,432,383$1,206,804$2,199,634
69$2,628,699$1,426,799$1,171,461$2,308,759
70$2,818,669$1,418,555$1,132,547$2,426,707
71$3,025,554$1,407,444$1,089,868$2,554,364
72$3,251,002$1,393,250$1,043,220$2,692,710
73$3,496,825$1,375,741$992,389$2,842,824
74$3,765,021$1,354,672$937,154$3,005,903
75$4,057,786$1,329,783$877,281$3,183,265
76$4,377,537$1,300,800$812,527$3,376,367
77$4,726,938$1,267,431$742,639$3,586,818
78$5,108,918$1,229,368$667,350$3,816,394
79$5,526,706$1,186,285$586,384$4,067,058
80$5,983,853$1,137,836$499,451$4,340,974
81$6,484,272$1,083,656$406,249$4,640,536
82$7,032,271$1,023,358$306,461$4,968,383
83$7,632,593$956,534$199,758$5,327,431
84$8,290,464$882,750$85,797$5,720,897
85$9,011,638$801,551$0$6,152,334
86$9,802,450$712,452$0$6,628,339
87$10,669,882$614,944$0$7,157,576
88$11,621,621$508,487$0$7,738,437
89$12,666,134$392,511$0$8,376,224
90$13,812,750$266,414$0$9,076,787
91$15,071,742$129,561$0$9,846,580
92$16,454,430$0$0$10,692,722
93$17,973,281$0$0$11,630,071
94$19,642,031$0$0$12,713,301
95$21,475,810$0$0$13,903,775
96$23,491,289$0$0$15,212,329
97$25,706,833$0$0$16,650,903
98$28,142,674$0$0$18,232,648
99$30,821,105$0$0$19,972,058
100$33,766,683$0$0$21,885,096