Can I retire at age 60 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$132,952$131,768$130,613$129,485$128,384$127,843
2 years$65,818$64,592$63,404$62,252$61,135$60,589
3 years$43,443$42,212$41,027$39,886$38,787$38,252
4 years$32,257$31,030$29,857$28,735$27,663$27,144
5 years$25,548$24,328$23,170$22,072$21,029$20,528
6 years$21,076$19,866$18,725$17,651$16,639$16,156
7 years$17,884$16,683$15,561$14,512$13,532$13,067
8 years$15,490$14,300$13,197$12,173$11,226$10,780
9 years$13,630$12,451$11,366$10,369$9,454$9,026
10 years$12,142$10,975$9,909$8,938$8,055$7,645
11 years$10,926$9,770$8,724$7,779$6,928$6,535
12 years$9,913$8,769$7,742$6,823$6,004$5,629
13 years$9,056$7,925$6,917$6,024$5,235$4,877
14 years$8,323$7,204$6,215$5,347$4,589$4,248
15 years$7,688$6,581$5,611$4,769$4,041$3,716
16 years$7,133$6,038$5,088$4,270$3,571$3,262
17 years$6,644$5,560$4,630$3,837$3,166$2,873
18 years$6,209$5,138$4,226$3,458$2,815$2,537
19 years$5,821$4,762$3,869$3,124$2,509$2,245
20 years$5,472$4,425$3,551$2,830$2,242$1,991
21 years$5,157$4,122$3,266$2,568$2,006$1,769
22 years$4,870$3,847$3,010$2,335$1,798$1,574
23 years$4,609$3,598$2,779$2,126$1,614$1,403
24 years$4,370$3,372$2,570$1,939$1,451$1,251
25 years$4,151$3,164$2,381$1,771$1,305$1,117
26 years$3,949$2,974$2,208$1,619$1,176$999
27 years$3,762$2,799$2,050$1,482$1,060$894
28 years$3,588$2,637$1,906$1,358$957$800
29 years$3,427$2,488$1,774$1,245$864$717
30 years$3,277$2,349$1,652$1,143$780$642
31 years$3,137$2,221$1,540$1,050$706$576
32 years$3,006$2,102$1,437$965$638$517
33 years$2,883$1,990$1,342$887$578$464
34 years$2,768$1,886$1,254$816$523$417
35 years$2,659$1,789$1,172$751$474$374
36 years$2,557$1,698$1,096$692$429$336
37 years$2,461$1,613$1,026$638$389$302
38 years$2,369$1,533$961$588$353$272
39 years$2,283$1,457$900$542$320$244
40 years$2,201$1,387$844$500$290$220
41 years$2,123$1,320$791$461$263$198
42 years$2,050$1,257$742$426$239$178
43 years$1,980$1,198$697$393$217$160
44 years$1,913$1,142$654$363$197$144
45 years$1,849$1,089$614$335$179$130
46 years$1,789$1,039$577$309$162$117
47 years$1,731$991$542$286$147$105
48 years$1,675$946$509$264$134$95
49 years$1,623$904$479$244$121$85
50 years$1,572$863$450$226$110$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,610,000, adding $3,235 every year, while hoping to spend $48,532 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: 78/15/7 Blend
59$1,610,000$1,610,000$1,610,000$1,610,000
60$1,777,557$1,692,227$1,667,272$1,914,510
61$1,907,230$1,723,508$1,671,488$2,036,105
62$2,048,503$1,754,696$1,674,218$2,162,788
63$2,202,508$1,785,734$1,675,363$2,300,281
64$2,370,492$1,816,562$1,674,815$2,449,639
65$2,553,824$1,847,116$1,672,463$2,612,020
66$2,754,014$1,877,325$1,668,191$2,788,705
67$2,972,725$1,907,115$1,661,877$2,981,100
68$3,211,785$1,936,406$1,653,391$3,190,756
69$3,473,208$1,965,111$1,642,601$3,419,382
70$3,759,212$1,993,137$1,629,364$3,668,857
71$4,072,237$2,020,387$1,613,534$3,941,256
72$4,414,973$2,046,754$1,594,955$4,238,861
73$4,790,381$2,072,125$1,573,467$4,564,188
74$5,201,720$2,096,379$1,548,898$4,920,008
75$5,652,581$2,119,388$1,521,072$5,309,375
76$6,146,919$2,141,012$1,489,802$5,735,652
77$6,689,089$2,161,107$1,454,895$6,202,548
78$7,283,889$2,179,514$1,416,147$6,714,146
79$7,936,603$2,196,067$1,373,345$7,274,947
80$8,653,051$2,210,589$1,326,267$7,889,910
81$9,439,644$2,222,890$1,274,679$8,564,499
82$10,303,446$2,232,770$1,218,339$9,304,737
83$11,252,235$2,240,013$1,156,991$10,117,258
84$12,294,583$2,244,394$1,090,370$11,009,376
85$13,439,931$2,245,669$1,018,198$11,989,147
86$14,698,680$2,243,583$940,184$13,065,451
87$16,082,290$2,237,863$856,024$14,248,073
88$17,603,385$2,228,220$765,402$15,547,797
89$19,275,873$2,214,346$667,986$16,976,506
90$21,115,079$2,195,916$563,431$18,547,296
91$23,137,886$2,172,584$451,375$20,274,599
92$25,362,895$2,143,985$331,440$22,174,318
93$27,810,600$2,109,731$203,233$24,263,983
94$30,503,583$2,069,409$66,343$26,562,907
95$33,466,724$2,022,586$0$29,092,378
96$36,727,436$1,968,799$0$31,881,811
97$40,315,925$1,907,560$0$34,956,778
98$44,265,471$1,838,352$0$38,340,844
99$48,612,747$1,760,630$0$42,065,446
100$53,398,159$1,673,813$0$46,165,223