Can I retire at age 60 with 1,620,000?

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 $1,620,000?

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%
1 years$133,778$132,586$131,424$130,289$129,181$128,583
2 years$66,227$64,993$63,798$62,639$61,515$60,911
3 years$43,713$42,474$41,282$40,133$39,028$38,437
4 years$32,458$31,223$30,042$28,914$27,835$27,261
5 years$25,707$24,479$23,314$22,209$21,160$20,606
6 years$21,207$19,989$18,841$17,760$16,743$16,209
7 years$17,995$16,787$15,657$14,602$13,616$13,103
8 years$15,586$14,389$13,279$12,249$11,296$10,803
9 years$13,714$12,528$11,437$10,434$9,513$9,040
10 years$12,217$11,043$9,971$8,994$8,106$7,652
11 years$10,994$9,831$8,778$7,827$6,971$6,538
12 years$9,974$8,824$7,790$6,866$6,041$5,627
13 years$9,113$7,974$6,960$6,061$5,268$4,873
14 years$8,375$7,248$6,254$5,381$4,618$4,241
15 years$7,736$6,622$5,646$4,798$4,066$3,708
16 years$7,177$6,075$5,119$4,297$3,593$3,253
17 years$6,685$5,595$4,658$3,860$3,186$2,863
18 years$6,248$5,170$4,252$3,479$2,833$2,526
19 years$5,857$4,791$3,893$3,144$2,525$2,234
20 years$5,506$4,452$3,573$2,847$2,255$1,980
21 years$5,189$4,147$3,286$2,584$2,018$1,758
22 years$4,900$3,871$3,029$2,349$1,809$1,563
23 years$4,638$3,621$2,797$2,140$1,624$1,392
24 years$4,397$3,392$2,586$1,951$1,460$1,240
25 years$4,177$3,184$2,395$1,782$1,314$1,107
26 years$3,973$2,992$2,222$1,630$1,183$989
27 years$3,785$2,816$2,063$1,492$1,067$884
28 years$3,611$2,653$1,918$1,367$963$791
29 years$3,449$2,503$1,785$1,253$869$708
30 years$3,298$2,364$1,662$1,150$785$634
31 years$3,157$2,235$1,550$1,056$710$568
32 years$3,025$2,115$1,446$971$642$509
33 years$2,901$2,003$1,350$893$581$457
34 years$2,785$1,898$1,261$821$526$410
35 years$2,676$1,800$1,179$756$477$368
36 years$2,573$1,709$1,103$696$432$330
37 years$2,476$1,623$1,033$642$391$296
38 years$2,384$1,542$967$591$355$266
39 years$2,297$1,467$906$545$322$239
40 years$2,215$1,395$849$503$292$215
41 years$2,137$1,328$796$464$265$193
42 years$2,062$1,265$747$428$240$174
43 years$1,992$1,205$701$395$218$156
44 years$1,925$1,149$658$365$198$140
45 years$1,861$1,095$618$337$180$126
46 years$1,800$1,045$580$311$163$114
47 years$1,742$997$545$288$148$102
48 years$1,686$952$512$266$135$92
49 years$1,633$909$481$246$122$83
50 years$1,582$868$453$227$111$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,620,000, adding $3,548 every year, while hoping to spend $38,574 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: 43/41/16 Blend
59$1,620,000$1,620,000$1,620,000$1,620,000
60$1,788,900$1,703,040$1,677,930$1,857,357
61$1,930,325$1,745,446$1,693,098$1,948,218
62$2,084,883$1,788,638$1,707,481$2,042,501
63$2,253,872$1,832,612$1,721,013$2,143,822
64$2,438,723$1,877,366$1,733,623$2,252,843
65$2,641,009$1,922,894$1,745,236$2,370,298
66$2,862,465$1,969,188$1,755,774$2,496,993
67$3,105,000$2,016,242$1,765,156$2,633,814
68$3,370,716$2,064,044$1,773,295$2,781,739
69$3,661,929$2,112,582$1,780,100$2,941,845
70$3,981,189$2,161,842$1,785,477$3,115,320
71$4,331,304$2,211,806$1,789,324$3,303,469
72$4,715,368$2,262,455$1,791,537$3,507,733
73$5,136,788$2,313,768$1,792,006$3,729,700
74$5,599,317$2,365,719$1,790,615$3,971,118
75$6,107,089$2,418,281$1,787,243$4,233,914
76$6,664,658$2,471,423$1,781,761$4,520,211
77$7,277,041$2,525,110$1,774,038$4,832,350
78$7,949,763$2,579,304$1,763,932$5,172,911
79$8,688,912$2,633,964$1,751,297$5,544,735
80$9,501,196$2,689,042$1,735,980$5,950,956
81$10,394,001$2,744,489$1,717,819$6,395,027
82$11,375,469$2,800,249$1,696,645$6,880,752
83$12,454,567$2,856,261$1,672,283$7,412,327
84$13,641,175$2,912,460$1,644,547$7,994,374
85$14,946,178$2,968,774$1,613,243$8,631,990
86$16,381,571$3,025,126$1,578,169$9,330,790
87$17,960,566$3,081,433$1,539,112$10,096,966
88$19,697,723$3,137,602$1,495,852$10,937,341
89$21,609,084$3,193,537$1,448,156$11,859,435
90$23,712,322$3,249,132$1,395,781$12,871,539
91$26,026,913$3,304,274$1,338,473$13,982,791
92$28,574,313$3,358,839$1,275,967$15,203,261
93$31,378,168$3,412,696$1,207,987$16,544,052
94$34,464,527$3,465,704$1,134,241$18,017,400
95$37,862,097$3,517,713$1,054,426$19,636,792
96$41,602,509$3,568,558$968,227$21,417,095
97$45,720,615$3,618,067$875,312$23,374,695
98$50,254,818$3,666,054$775,337$25,527,653
99$55,247,438$3,712,318$667,938$27,895,876
100$60,745,104$3,756,649$552,741$30,501,309