Can I retire at age 60 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$126,346$125,221$124,123$123,051$122,004$119,835
2 years$62,548$61,383$60,254$59,159$58,097$55,919
3 years$41,284$40,114$38,988$37,904$36,859$34,740
4 years$30,655$29,488$28,373$27,308$26,288$24,245
5 years$24,278$23,119$22,019$20,975$19,984$18,022
6 years$20,029$18,878$17,795$16,774$15,813$13,934
7 years$16,995$15,854$14,787$13,791$12,860$11,065
8 years$14,721$13,590$12,541$11,569$10,669$8,957
9 years$12,952$11,832$10,801$9,854$8,984$7,355
10 years$11,539$10,430$9,417$8,494$7,655$6,107
11 years$10,383$9,285$8,291$7,392$6,584$5,115
12 years$9,420$8,334$7,358$6,484$5,705$4,314
13 years$8,606$7,531$6,574$5,725$4,975$3,659
14 years$7,910$6,846$5,906$5,082$4,361$3,118
15 years$7,306$6,254$5,333$4,532$3,840$2,667
16 years$6,778$5,738$4,835$4,058$3,394$2,289
17 years$6,313$5,284$4,399$3,646$3,009$1,970
18 years$5,901$4,883$4,016$3,286$2,676$1,699
19 years$5,532$4,525$3,677$2,969$2,385$1,468
20 years$5,200$4,205$3,374$2,689$2,130$1,271
21 years$4,900$3,917$3,104$2,440$1,906$1,102
22 years$4,628$3,656$2,860$2,219$1,709$956
23 years$4,380$3,420$2,641$2,021$1,534$831
24 years$4,153$3,204$2,443$1,843$1,379$722
25 years$3,945$3,007$2,262$1,683$1,241$629
26 years$3,752$2,826$2,098$1,539$1,117$547
27 years$3,575$2,660$1,948$1,409$1,007$477
28 years$3,410$2,506$1,811$1,291$909$416
29 years$3,257$2,364$1,686$1,184$821$363
30 years$3,114$2,233$1,570$1,086$742$317
31 years$2,981$2,111$1,464$998$671$276
32 years$2,857$1,997$1,366$917$607$241
33 years$2,740$1,891$1,275$843$549$211
34 years$2,630$1,793$1,191$776$497$184
35 years$2,527$1,700$1,114$714$450$161
36 years$2,430$1,614$1,042$658$408$141
37 years$2,338$1,533$975$606$370$123
38 years$2,252$1,457$913$559$335$107
39 years$2,170$1,385$856$515$304$94
40 years$2,092$1,318$802$475$276$82
41 years$2,018$1,254$752$438$250$72
42 years$1,948$1,195$705$404$227$63
43 years$1,881$1,138$662$373$206$55
44 years$1,818$1,085$621$345$187$48
45 years$1,757$1,035$583$318$170$42
46 years$1,700$987$548$294$154$37
47 years$1,645$942$515$272$140$32
48 years$1,592$899$484$251$127$28
49 years$1,542$859$455$232$115$25
50 years$1,494$820$428$214$105$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,530,000, adding $5,508 every year, while hoping to spend $46,375 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: 45/26/29 Blend
59$1,530,000$1,530,000$1,530,000$1,530,000
60$1,691,742$1,610,652$1,586,937$1,753,464
61$1,814,956$1,640,231$1,590,756$1,827,540
62$1,949,185$1,669,705$1,593,150$1,902,966
63$2,095,502$1,699,021$1,594,020$1,983,891
64$2,255,089$1,728,119$1,593,266$2,070,853
65$2,429,248$1,756,937$1,590,780$2,164,450
66$2,619,412$1,785,407$1,586,452$2,265,341
67$2,827,158$1,813,458$1,580,164$2,374,252
68$3,054,222$1,841,011$1,571,793$2,491,986
69$3,302,514$1,867,982$1,561,210$2,619,431
70$3,574,141$1,894,284$1,548,281$2,757,565
71$3,871,419$1,919,819$1,532,864$2,907,470
72$4,196,900$1,944,486$1,514,811$3,070,338
73$4,553,394$1,968,176$1,493,967$3,247,486
74$4,943,995$1,990,772$1,470,170$3,440,369
75$5,372,111$2,012,148$1,443,249$3,650,593
76$5,841,495$2,032,173$1,413,027$3,879,928
77$6,356,282$2,050,703$1,379,318$4,130,331
78$6,921,024$2,067,589$1,341,926$4,403,960
79$7,540,736$2,082,669$1,300,649$4,703,197
80$8,220,943$2,095,771$1,255,272$5,030,670
81$8,967,729$2,106,714$1,205,573$5,389,282
82$9,787,797$2,115,303$1,151,320$5,782,233
83$10,688,531$2,121,331$1,092,268$6,213,056
84$11,678,065$2,124,580$1,028,162$6,685,649
85$12,765,359$2,124,815$958,737$7,204,311
86$13,960,285$2,121,791$883,714$7,773,789
87$15,273,719$2,115,243$802,803$8,399,315
88$16,717,642$2,104,894$715,701$9,086,666
89$18,305,254$2,090,446$622,089$9,842,211
90$20,051,098$2,071,587$521,638$10,672,978
91$21,971,198$2,047,982$414,000$11,586,718
92$24,083,207$2,019,280$298,816$12,591,982
93$26,406,576$1,985,107$175,708$13,698,201
94$28,962,735$1,945,065$44,283$14,915,776
95$31,775,297$1,898,737$0$16,256,179
96$34,870,279$1,845,676$0$17,761,760
97$38,276,347$1,785,414$0$19,433,328
98$42,025,086$1,717,452$0$21,272,694
99$46,151,301$1,641,263$0$23,296,971
100$50,693,339$1,556,289$0$25,525,023