Can I retire at age 60 with 1,490,000?

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 $1,490,000?

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$123,043$121,947$120,878$119,834$118,815$117,087
2 years$60,912$59,778$58,678$57,612$56,578$54,842
3 years$40,205$39,065$37,969$36,913$35,896$34,204
4 years$29,853$28,717$27,632$26,594$25,601$23,967
5 years$23,644$22,515$21,443$20,426$19,462$17,890
6 years$19,505$18,385$17,329$16,335$15,399$13,892
7 years$16,551$15,440$14,401$13,430$12,524$11,081
8 years$14,336$13,235$12,213$11,266$10,390$9,012
9 years$12,614$11,523$10,519$9,596$8,750$7,436
10 years$11,237$10,157$9,171$8,272$7,455$6,204
11 years$10,111$9,042$8,074$7,199$6,412$5,222
12 years$9,174$8,116$7,165$6,315$5,556$4,427
13 years$8,381$7,334$6,402$5,575$4,845$3,775
14 years$7,703$6,667$5,752$4,949$4,247$3,234
15 years$7,115$6,090$5,193$4,413$3,740$2,782
16 years$6,601$5,588$4,708$3,952$3,305$2,401
17 years$6,148$5,146$4,284$3,551$2,930$2,078
18 years$5,746$4,755$3,911$3,200$2,606$1,802
19 years$5,387$4,407$3,580$2,891$2,322$1,567
20 years$5,064$4,095$3,286$2,619$2,074$1,364
21 years$4,772$3,815$3,022$2,377$1,856$1,190
22 years$4,507$3,561$2,786$2,161$1,664$1,039
23 years$4,266$3,330$2,572$1,968$1,494$908
24 years$4,045$3,120$2,379$1,795$1,343$795
25 years$3,841$2,928$2,203$1,639$1,208$696
26 years$3,654$2,752$2,043$1,499$1,088$610
27 years$3,481$2,590$1,897$1,372$981$535
28 years$3,321$2,441$1,764$1,257$885$470
29 years$3,172$2,302$1,641$1,153$799$412
30 years$3,033$2,174$1,529$1,058$722$362
31 years$2,903$2,055$1,425$972$653$318
32 years$2,782$1,945$1,330$893$591$280
33 years$2,668$1,842$1,242$821$535$246
34 years$2,562$1,746$1,160$755$484$216
35 years$2,461$1,656$1,085$695$438$190
36 years$2,366$1,572$1,015$640$397$167
37 years$2,277$1,493$950$590$360$147
38 years$2,193$1,418$889$544$326$130
39 years$2,113$1,349$833$502$296$114
40 years$2,037$1,283$781$463$268$100
41 years$1,965$1,222$732$427$244$88
42 years$1,897$1,163$687$394$221$78
43 years$1,832$1,108$645$364$201$69
44 years$1,770$1,057$605$336$182$60
45 years$1,711$1,008$568$310$165$53
46 years$1,655$961$534$286$150$47
47 years$1,602$917$501$265$136$41
48 years$1,551$876$471$244$124$36
49 years$1,502$836$443$226$112$32
50 years$1,455$799$416$209$102$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,490,000, adding $3,942 every year, while hoping to spend $42,768 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: 63/28/9 Blend
59$1,490,000$1,490,000$1,490,000$1,490,000
60$1,646,046$1,567,076$1,543,981$1,746,350
61$1,768,438$1,598,358$1,550,200$1,845,103
62$1,901,881$1,629,739$1,555,193$1,947,545
63$2,047,456$1,661,180$1,558,875$2,058,309
64$2,206,354$1,692,636$1,561,156$2,178,200
65$2,379,887$1,724,060$1,561,939$2,308,108
66$2,569,498$1,755,401$1,561,127$2,449,008
67$2,776,775$1,786,604$1,558,613$2,601,979
68$3,003,468$1,817,609$1,554,288$2,768,207
69$3,251,502$1,848,353$1,548,038$2,949,001
70$3,522,999$1,878,766$1,539,741$3,145,800
71$3,820,294$1,908,775$1,529,271$3,360,194
72$4,145,959$1,938,299$1,516,496$3,593,931
73$4,502,824$1,967,253$1,501,276$3,848,941
74$4,894,011$1,995,547$1,483,467$4,127,349
75$5,322,953$2,023,082$1,462,917$4,431,496
76$5,793,435$2,049,754$1,439,465$4,763,964
77$6,309,623$2,075,450$1,412,945$5,127,599
78$6,876,108$2,100,050$1,383,182$5,525,535
79$7,497,946$2,123,428$1,349,994$5,961,228
80$8,180,707$2,145,446$1,313,188$6,438,488
81$8,930,525$2,165,958$1,272,566$6,961,512
82$9,754,159$2,184,811$1,227,918$7,534,929
83$10,659,055$2,201,838$1,179,025$8,163,838
84$11,653,414$2,216,864$1,125,657$8,853,861
85$12,746,272$2,229,700$1,067,577$9,611,194
86$13,947,585$2,240,149$1,004,534$10,442,666
87$15,268,319$2,247,996$936,266$11,355,806
88$16,720,557$2,253,018$862,501$12,358,911
89$18,317,613$2,254,974$782,953$13,461,126
90$20,074,152$2,253,611$697,325$14,672,533
91$22,006,334$2,248,657$605,304$16,004,240
92$24,131,965$2,239,825$506,566$17,468,497
93$26,470,660$2,226,812$400,772$19,078,801
94$29,044,036$2,209,294$287,566$20,850,031
95$31,875,907$2,186,929$166,579$22,798,586
96$34,992,515$2,159,354$37,424$24,942,543
97$38,422,772$2,126,183$0$27,301,823
98$42,198,538$2,087,009$0$29,908,030
99$46,354,916$2,041,400$0$32,780,186
100$50,930,587$1,988,897$0$35,941,415