Can I retire at age 60 with 1,380,000?

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 $1,380,000?

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$113,959$112,944$111,954$110,987$110,043$107,601
2 years$56,415$55,365$54,346$53,359$52,401$49,954
3 years$37,237$36,181$35,166$34,188$33,246$30,869
4 years$27,649$26,597$25,592$24,630$23,711$21,424
5 years$21,898$20,853$19,860$18,918$18,025$15,833
6 years$18,065$17,028$16,050$15,129$14,262$12,169
7 years$15,329$14,300$13,338$12,439$11,599$9,604
8 years$13,277$12,258$11,311$10,434$9,623$7,725
9 years$11,683$10,672$9,742$8,888$8,104$6,302
10 years$10,407$9,407$8,494$7,661$6,905$5,197
11 years$9,365$8,375$7,478$6,668$5,938$4,323
12 years$8,497$7,517$6,636$5,848$5,146$3,620
13 years$7,763$6,793$5,929$5,163$4,487$3,048
14 years$7,134$6,175$5,327$4,583$3,934$2,578
15 years$6,590$5,641$4,810$4,088$3,463$2,188
16 years$6,114$5,175$4,361$3,660$3,061$1,864
17 years$5,695$4,766$3,968$3,288$2,714$1,591
18 years$5,322$4,404$3,622$2,964$2,413$1,361
19 years$4,989$4,082$3,316$2,678$2,151$1,167
20 years$4,690$3,793$3,043$2,425$1,921$1,002
21 years$4,420$3,533$2,799$2,201$1,719$861
22 years$4,174$3,298$2,580$2,001$1,541$741
23 years$3,951$3,084$2,382$1,823$1,383$638
24 years$3,746$2,890$2,203$1,662$1,243$550
25 years$3,558$2,712$2,041$1,518$1,119$475
26 years$3,384$2,549$1,893$1,388$1,008$410
27 years$3,224$2,399$1,757$1,271$909$354
28 years$3,076$2,260$1,634$1,164$820$306
29 years$2,938$2,132$1,520$1,068$740$264
30 years$2,809$2,014$1,416$980$669$229
31 years$2,689$1,904$1,320$900$605$198
32 years$2,577$1,801$1,232$827$547$171
33 years$2,471$1,706$1,150$760$495$148
34 years$2,372$1,617$1,075$700$448$128
35 years$2,279$1,533$1,005$644$406$111
36 years$2,192$1,455$940$593$368$96
37 years$2,109$1,382$880$547$333$83
38 years$2,031$1,314$824$504$302$72
39 years$1,957$1,249$772$464$274$62
40 years$1,887$1,189$723$428$249$54
41 years$1,820$1,131$678$395$226$47
42 years$1,757$1,078$636$365$205$41
43 years$1,697$1,027$597$337$186$35
44 years$1,640$979$560$311$169$30
45 years$1,585$933$526$287$153$26
46 years$1,533$890$494$265$139$23
47 years$1,484$850$464$245$126$20
48 years$1,436$811$436$226$115$17
49 years$1,391$774$410$209$104$15
50 years$1,347$740$386$193$95$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,380,000, adding $6,502 every year, while hoping to spend $54,907 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: 40/36/24 Blend
59$1,380,000$1,380,000$1,380,000$1,380,000
60$1,527,467$1,454,327$1,432,937$1,577,499
61$1,624,848$1,467,168$1,422,520$1,627,020
62$1,730,321$1,478,799$1,409,913$1,674,900
63$1,844,655$1,489,101$1,394,986$1,725,613
64$1,968,693$1,497,949$1,377,601$1,779,448
65$2,103,363$1,505,212$1,357,614$1,836,730
66$2,249,686$1,510,747$1,334,874$1,897,817
67$2,408,784$1,514,405$1,309,223$1,963,110
68$2,581,895$1,516,025$1,280,496$2,033,051
69$2,770,376$1,515,438$1,248,521$2,108,133
70$2,975,724$1,512,464$1,213,116$2,188,902
71$3,199,584$1,506,912$1,174,092$2,275,965
72$3,443,769$1,498,578$1,131,251$2,369,995
73$3,710,272$1,487,247$1,084,387$2,471,738
74$4,001,289$1,472,691$1,033,283$2,582,023
75$4,319,235$1,454,667$977,712$2,701,767
76$4,666,771$1,432,920$917,440$2,831,987
77$5,046,826$1,407,177$852,218$2,973,810
78$5,462,623$1,377,149$781,788$3,128,486
79$5,917,713$1,342,533$705,881$3,297,396
80$6,416,007$1,303,004$624,215$3,482,074
81$6,961,810$1,258,221$536,496$3,684,214
82$7,559,862$1,207,822$442,416$3,905,695
83$8,215,386$1,151,423$341,656$4,148,594
84$8,934,133$1,088,620$233,879$4,415,210
85$9,722,437$1,018,985$118,735$4,708,086
86$10,587,273$942,063$0$5,030,037
87$11,536,328$857,376$0$5,385,236
88$12,578,064$764,418$0$5,808,580
89$13,721,805$662,654$0$6,273,539
90$14,977,823$551,517$0$6,784,426
91$16,357,431$430,412$0$7,346,002
92$17,873,092$298,706$0$7,963,521
93$19,538,539$155,733$0$8,642,783
94$21,368,896$790$0$9,390,191
95$23,380,828$0$0$10,212,807
96$25,592,695$0$0$11,184,531
97$28,024,724$0$0$12,253,522
98$30,699,199$0$0$13,429,288
99$33,640,673$0$0$14,722,648
100$36,876,198$0$0$16,145,523