Can I retire at age 60 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$119,740$118,673$117,632$116,617$115,625$114,608
2 years$59,277$58,173$57,103$56,066$55,060$54,035
3 years$39,125$38,017$36,950$35,922$34,932$33,931
4 years$29,052$27,946$26,890$25,880$24,914$23,945
5 years$23,009$21,910$20,868$19,878$18,939$18,005
6 years$18,982$17,891$16,864$15,897$14,986$14,087
7 years$16,106$15,025$14,014$13,070$12,188$11,325
8 years$13,951$12,879$11,885$10,964$10,111$9,284
9 years$12,275$11,214$10,237$9,339$8,515$7,724
10 years$10,935$9,884$8,925$8,050$7,255$6,499
11 years$9,840$8,799$7,857$7,006$6,239$5,519
12 years$8,928$7,898$6,973$6,145$5,407$4,720
13 years$8,156$7,137$6,230$5,425$4,715$4,061
14 years$7,496$6,488$5,598$4,816$4,133$3,512
15 years$6,924$5,927$5,054$4,295$3,639$3,050
16 years$6,424$5,438$4,582$3,846$3,216$2,657
17 years$5,983$5,008$4,169$3,455$2,852$2,322
18 years$5,592$4,627$3,806$3,114$2,536$2,035
19 years$5,242$4,289$3,484$2,814$2,260$1,787
20 years$4,928$3,985$3,198$2,548$2,019$1,572
21 years$4,644$3,712$2,941$2,313$1,807$1,386
22 years$4,386$3,465$2,711$2,103$1,619$1,223
23 years$4,151$3,241$2,503$1,915$1,454$1,081
24 years$3,936$3,036$2,315$1,747$1,307$956
25 years$3,738$2,850$2,144$1,595$1,176$846
26 years$3,556$2,678$1,989$1,459$1,059$750
27 years$3,388$2,520$1,846$1,335$955$665
28 years$3,232$2,375$1,717$1,223$862$590
29 years$3,087$2,241$1,597$1,122$778$524
30 years$2,952$2,116$1,488$1,029$703$466
31 years$2,825$2,000$1,387$945$635$414
32 years$2,707$1,893$1,294$869$575$368
33 years$2,597$1,792$1,208$799$520$327
34 years$2,493$1,699$1,129$735$471$291
35 years$2,395$1,611$1,056$677$427$259
36 years$2,303$1,529$988$623$387$231
37 years$2,216$1,453$924$574$350$206
38 years$2,134$1,380$866$529$318$183
39 years$2,056$1,313$811$488$288$163
40 years$1,982$1,249$760$450$261$145
41 years$1,912$1,189$713$415$237$129
42 years$1,846$1,132$669$383$215$115
43 years$1,783$1,079$627$354$195$103
44 years$1,723$1,028$589$327$177$92
45 years$1,666$981$553$302$161$82
46 years$1,611$935$519$279$146$73
47 years$1,559$893$488$257$133$65
48 years$1,509$852$458$238$120$58
49 years$1,461$814$431$220$109$52
50 years$1,416$777$405$203$99$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,450,000, adding $6,575 every year, while hoping to spend $59,260 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: 39/34/27 Blend
59$1,450,000$1,450,000$1,450,000$1,450,000
60$1,604,682$1,527,832$1,505,357$1,654,195
61$1,705,308$1,539,644$1,492,734$1,702,705
62$1,814,211$1,550,048$1,477,703$1,749,156
63$1,932,173$1,558,913$1,460,119$1,798,243
64$2,060,054$1,566,100$1,439,832$1,850,245
65$2,198,800$1,571,459$1,416,687$1,905,470
66$2,349,449$1,574,831$1,390,517$1,964,264
67$2,513,145$1,576,050$1,361,152$2,027,009
68$2,691,145$1,574,937$1,328,410$2,094,134
69$2,884,834$1,571,301$1,292,104$2,166,111
70$3,095,734$1,564,941$1,252,036$2,243,469
71$3,325,520$1,555,644$1,208,000$2,326,795
72$3,576,035$1,543,183$1,159,781$2,416,739
73$3,849,310$1,527,318$1,107,152$2,514,026
74$4,147,577$1,507,794$1,049,879$2,619,458
75$4,473,295$1,484,341$987,715$2,733,929
76$4,829,170$1,456,673$920,403$2,858,426
77$5,218,181$1,424,486$847,672$2,994,048
78$5,643,610$1,387,459$769,243$3,142,011
79$6,109,067$1,345,254$684,822$3,303,665
80$6,618,530$1,297,509$594,101$3,480,506
81$7,176,377$1,243,845$496,761$3,674,190
82$7,787,432$1,183,858$392,467$3,886,553
83$8,457,005$1,117,122$280,870$4,119,629
84$9,190,946$1,043,186$161,605$4,375,669
85$9,995,694$961,575$34,291$4,657,165
86$10,878,346$871,783$0$4,966,877
87$11,846,716$773,279$0$5,337,120
88$12,909,412$665,500$0$5,754,455
89$14,075,913$547,851$0$6,212,854
90$15,356,665$419,704$0$6,716,579
91$16,763,171$280,396$0$7,270,339
92$18,308,105$129,226$0$7,879,329
93$20,005,427$0$0$8,549,284
94$21,870,518$0$0$9,299,459
95$23,920,321$0$0$10,177,272
96$26,173,503$0$0$11,142,393
97$28,650,629$0$0$12,203,659
98$31,374,355$0$0$13,370,803
99$34,369,644$0$0$14,654,551
100$37,663,999$0$0$16,066,718