Can I retire at age 60 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$111,482$110,489$109,520$108,574$107,651$106,086
2 years$55,189$54,161$53,165$52,199$51,262$49,689
3 years$36,427$35,395$34,401$33,445$32,523$30,990
4 years$27,048$26,019$25,035$24,095$23,196$21,715
5 years$21,422$20,399$19,428$18,507$17,633$16,209
6 years$17,673$16,657$15,701$14,800$13,952$12,587
7 years$14,996$13,989$13,048$12,168$11,347$10,040
8 years$12,989$11,991$11,065$10,208$9,413$8,165
9 years$11,429$10,440$9,531$8,695$7,927$6,737
10 years$10,181$9,203$8,309$7,495$6,755$5,621
11 years$9,161$8,193$7,315$6,523$5,809$4,732
12 years$8,312$7,353$6,492$5,721$5,034$4,011
13 years$7,594$6,645$5,800$5,051$4,390$3,420
14 years$6,979$6,040$5,211$4,484$3,848$2,930
15 years$6,446$5,518$4,705$3,999$3,388$2,520
16 years$5,981$5,063$4,266$3,580$2,994$2,175
17 years$5,571$4,662$3,882$3,217$2,655$1,882
18 years$5,206$4,308$3,544$2,899$2,361$1,633
19 years$4,881$3,993$3,244$2,620$2,104$1,419
20 years$4,588$3,710$2,977$2,373$1,880$1,236
21 years$4,324$3,456$2,738$2,153$1,682$1,078
22 years$4,084$3,226$2,524$1,958$1,508$941
23 years$3,865$3,017$2,330$1,783$1,353$823
24 years$3,665$2,827$2,155$1,626$1,216$720
25 years$3,481$2,653$1,996$1,485$1,095$631
26 years$3,311$2,493$1,851$1,358$986$553
27 years$3,154$2,347$1,719$1,243$889$485
28 years$3,009$2,211$1,598$1,139$802$425
29 years$2,874$2,086$1,487$1,044$724$374
30 years$2,748$1,970$1,385$958$654$328
31 years$2,631$1,862$1,291$880$592$288
32 years$2,521$1,762$1,205$809$535$253
33 years$2,418$1,669$1,125$744$484$223
34 years$2,321$1,582$1,051$684$439$196
35 years$2,230$1,500$983$630$397$172
36 years$2,144$1,424$919$580$360$152
37 years$2,063$1,352$861$535$326$133
38 years$1,987$1,285$806$493$296$117
39 years$1,914$1,222$755$454$268$103
40 years$1,846$1,163$708$419$243$91
41 years$1,781$1,107$664$387$221$80
42 years$1,719$1,054$622$357$200$71
43 years$1,660$1,004$584$329$182$62
44 years$1,604$957$548$304$165$55
45 years$1,551$913$515$281$150$48
46 years$1,500$871$484$259$136$42
47 years$1,451$831$454$240$123$37
48 years$1,405$793$427$222$112$33
49 years$1,361$758$401$205$102$29
50 years$1,318$724$377$189$92$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,350,000, adding $3,858 every year, while hoping to spend $37,316 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: 48/44/8 Blend
59$1,350,000$1,350,000$1,350,000$1,350,000
60$1,491,680$1,420,130$1,399,205$1,559,909
61$1,604,127$1,450,012$1,406,374$1,636,972
62$1,726,793$1,480,108$1,412,533$1,716,349
63$1,860,681$1,510,389$1,417,608$1,801,661
64$2,006,896$1,540,822$1,421,523$1,893,471
65$2,166,651$1,571,374$1,424,196$1,992,398
66$2,341,285$1,602,008$1,425,542$2,099,127
67$2,532,272$1,632,682$1,425,474$2,214,410
68$2,741,233$1,663,353$1,423,896$2,339,078
69$2,969,954$1,693,972$1,420,712$2,474,046
70$3,220,402$1,724,489$1,415,818$2,620,321
71$3,494,742$1,754,848$1,409,107$2,779,015
72$3,795,359$1,784,989$1,400,466$2,951,351
73$4,124,880$1,814,848$1,389,776$3,138,682
74$4,486,198$1,844,356$1,376,913$3,342,493
75$4,882,499$1,873,437$1,361,748$3,564,426
76$5,317,291$1,902,013$1,344,144$3,806,289
77$5,794,440$1,929,998$1,323,959$4,070,076
78$6,318,205$1,957,299$1,301,043$4,357,983
79$6,893,275$1,983,820$1,275,241$4,672,434
80$7,524,816$2,009,454$1,246,388$5,016,101
81$8,218,519$2,034,090$1,214,315$5,391,926
82$8,980,655$2,057,607$1,178,841$5,803,158
83$9,818,130$2,079,878$1,139,781$6,253,374
84$10,738,553$2,100,766$1,096,937$6,746,520
85$11,750,307$2,120,125$1,050,106$7,286,948
86$12,862,627$2,137,799$999,073$7,879,452
87$14,085,688$2,153,625$943,615$8,529,320
88$15,430,700$2,167,424$883,498$9,242,381
89$16,910,014$2,179,010$818,477$10,025,063
90$18,537,237$2,188,183$748,298$10,884,448
91$20,327,363$2,194,732$672,694$11,828,350
92$22,296,910$2,198,430$591,385$12,865,378
93$24,464,081$2,199,039$504,082$14,005,027
94$26,848,928$2,196,303$410,480$15,257,761
95$29,473,549$2,189,952$310,262$16,635,118
96$32,362,292$2,179,701$203,097$18,149,818
97$35,541,984$2,165,244$88,638$19,815,883
98$39,042,184$2,146,259$0$21,648,769
99$42,895,465$2,122,403$0$23,668,378
100$47,137,716$2,093,315$0$25,898,895