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%14.6%
1 years$132,952$131,768$130,613$129,485$128,384$125,946
2 years$65,818$64,592$63,404$62,252$61,135$58,689
3 years$43,443$42,212$41,027$39,886$38,787$36,408
4 years$32,257$31,030$29,857$28,735$27,663$25,370
5 years$25,548$24,328$23,170$22,072$21,029$18,828
6 years$21,076$19,866$18,725$17,651$16,639$14,534
7 years$17,884$16,683$15,561$14,512$13,532$11,522
8 years$15,490$14,300$13,197$12,173$11,226$9,311
9 years$13,630$12,451$11,366$10,369$9,454$7,632
10 years$12,142$10,975$9,909$8,938$8,055$6,325
11 years$10,926$9,770$8,724$7,779$6,928$5,288
12 years$9,913$8,769$7,742$6,823$6,004$4,451
13 years$9,056$7,925$6,917$6,024$5,235$3,768
14 years$8,323$7,204$6,215$5,347$4,589$3,204
15 years$7,688$6,581$5,611$4,769$4,041$2,735
16 years$7,133$6,038$5,088$4,270$3,571$2,342
17 years$6,644$5,560$4,630$3,837$3,166$2,011
18 years$6,209$5,138$4,226$3,458$2,815$1,731
19 years$5,821$4,762$3,869$3,124$2,509$1,493
20 years$5,472$4,425$3,551$2,830$2,242$1,289
21 years$5,157$4,122$3,266$2,568$2,006$1,115
22 years$4,870$3,847$3,010$2,335$1,798$965
23 years$4,609$3,598$2,779$2,126$1,614$837
24 years$4,370$3,372$2,570$1,939$1,451$726
25 years$4,151$3,164$2,381$1,771$1,305$630
26 years$3,949$2,974$2,208$1,619$1,176$548
27 years$3,762$2,799$2,050$1,482$1,060$476
28 years$3,588$2,637$1,906$1,358$957$414
29 years$3,427$2,488$1,774$1,245$864$360
30 years$3,277$2,349$1,652$1,143$780$314
31 years$3,137$2,221$1,540$1,050$706$273
32 years$3,006$2,102$1,437$965$638$238
33 years$2,883$1,990$1,342$887$578$207
34 years$2,768$1,886$1,254$816$523$181
35 years$2,659$1,789$1,172$751$474$157
36 years$2,557$1,698$1,096$692$429$137
37 years$2,461$1,613$1,026$638$389$120
38 years$2,369$1,533$961$588$353$104
39 years$2,283$1,457$900$542$320$91
40 years$2,201$1,387$844$500$290$79
41 years$2,123$1,320$791$461$263$69
42 years$2,050$1,257$742$426$239$60
43 years$1,980$1,198$697$393$217$53
44 years$1,913$1,142$654$363$197$46
45 years$1,849$1,089$614$335$179$40
46 years$1,789$1,039$577$309$162$35
47 years$1,731$991$542$286$147$30
48 years$1,675$946$509$264$134$27
49 years$1,623$904$479$244$121$23
50 years$1,572$863$450$226$110$20

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 $4,183 every year, while hoping to spend $27,434 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: 54/26/20 Blend
59$1,610,000$1,610,000$1,610,000$1,610,000
60$1,778,535$1,693,205$1,668,250$1,864,681
61$1,930,756$1,746,982$1,694,947$1,977,947
62$2,097,584$1,802,475$1,721,618$2,097,940
63$2,280,480$1,859,739$1,748,235$2,227,968
64$2,481,053$1,918,831$1,774,765$2,368,998
65$2,701,076$1,979,808$1,801,175$2,522,094
66$2,942,499$2,042,733$1,827,428$2,688,427
67$3,207,475$2,107,668$1,853,488$2,869,285
68$3,498,370$2,174,676$1,879,312$3,066,088
69$3,817,795$2,243,826$1,904,860$3,280,397
70$4,168,622$2,315,186$1,930,085$3,513,931
71$4,554,018$2,388,826$1,954,939$3,768,585
72$4,977,470$2,464,822$1,979,373$4,046,444
73$5,442,822$2,543,247$2,003,331$4,349,804
74$5,954,305$2,624,182$2,026,758$4,681,194
75$6,516,584$2,707,706$2,049,594$5,043,397
76$7,134,795$2,793,904$2,071,775$5,439,483
77$7,814,600$2,882,861$2,093,236$5,872,828
78$8,562,235$2,974,667$2,113,905$6,347,155
79$9,384,571$3,069,413$2,133,708$6,866,561
80$10,289,178$3,167,196$2,152,569$7,435,562
81$11,284,398$3,268,112$2,170,403$8,059,131
82$12,379,420$3,372,263$2,187,125$8,742,747
83$13,584,371$3,479,754$2,202,644$9,492,446
84$14,910,408$3,590,693$2,216,864$10,314,876
85$16,369,824$3,705,191$2,229,683$11,217,363
86$17,976,165$3,823,365$2,240,997$12,207,978
87$19,744,357$3,945,332$2,250,693$13,295,612
88$21,690,845$4,071,217$2,258,654$14,490,061
89$23,833,750$4,201,145$2,264,758$15,802,117
90$26,193,040$4,335,249$2,268,875$17,243,674
91$28,790,718$4,473,664$2,270,870$18,827,832
92$31,651,027$4,616,530$2,270,601$20,569,028
93$34,800,683$4,763,991$2,267,917$22,483,168
94$38,269,123$4,916,198$2,262,663$24,587,779
95$42,088,786$5,073,303$2,254,675$26,902,173
96$46,295,415$5,235,468$2,243,779$29,447,627
97$50,928,398$5,402,856$2,229,796$32,247,588
98$56,031,136$5,575,638$2,212,536$35,327,892
99$61,651,458$5,753,990$2,191,801$38,717,006
100$67,842,064$5,938,093$2,167,384$42,446,300