Can I retire at age 60 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$134,604$133,405$132,235$131,093$129,978$127,615
2 years$66,636$65,395$64,192$63,026$61,895$59,522
3 years$43,982$42,736$41,536$40,381$39,268$36,961
4 years$32,658$31,416$30,228$29,092$28,007$25,781
5 years$25,865$24,630$23,458$22,346$21,290$19,154
6 years$21,338$20,112$18,958$17,870$16,846$14,801
7 years$18,106$16,890$15,754$14,692$13,700$11,747
8 years$15,683$14,478$13,361$12,325$11,366$9,504
9 years$13,799$12,606$11,507$10,498$9,572$7,800
10 years$12,293$11,111$10,032$9,049$8,156$6,472
11 years$11,061$9,892$8,832$7,876$7,014$5,417
12 years$10,036$8,878$7,839$6,908$6,078$4,566
13 years$9,169$8,023$7,003$6,099$5,300$3,870
14 years$8,426$7,293$6,292$5,414$4,646$3,296
15 years$7,784$6,662$5,681$4,828$4,091$2,817
16 years$7,222$6,113$5,151$4,323$3,616$2,416
17 years$6,726$5,629$4,687$3,884$3,206$2,077
18 years$6,286$5,202$4,279$3,500$2,850$1,791
19 years$5,893$4,821$3,917$3,163$2,541$1,546
20 years$5,540$4,480$3,595$2,865$2,269$1,337
21 years$5,221$4,173$3,306$2,600$2,031$1,158
22 years$4,931$3,895$3,047$2,364$1,820$1,005
23 years$4,666$3,643$2,814$2,153$1,634$872
24 years$4,425$3,413$2,602$1,964$1,469$758
25 years$4,202$3,203$2,410$1,793$1,322$659
26 years$3,998$3,011$2,235$1,640$1,190$574
27 years$3,808$2,833$2,076$1,501$1,073$499
28 years$3,633$2,670$1,930$1,375$968$435
29 years$3,470$2,519$1,796$1,261$875$379
30 years$3,318$2,379$1,673$1,157$790$331
31 years$3,176$2,249$1,559$1,063$714$288
32 years$3,043$2,128$1,455$977$646$251
33 years$2,919$2,015$1,358$898$585$219
34 years$2,802$1,910$1,269$826$529$192
35 years$2,692$1,811$1,187$761$480$167
36 years$2,589$1,719$1,110$701$435$146
37 years$2,491$1,633$1,039$646$394$127
38 years$2,399$1,552$973$595$357$111
39 years$2,311$1,476$912$549$324$97
40 years$2,228$1,404$854$506$294$85
41 years$2,150$1,336$801$467$266$74
42 years$2,075$1,273$752$431$242$65
43 years$2,004$1,213$705$398$219$57
44 years$1,937$1,156$662$367$199$50
45 years$1,872$1,102$622$339$181$43
46 years$1,811$1,052$584$313$164$38
47 years$1,752$1,003$548$289$149$33
48 years$1,696$958$515$267$135$29
49 years$1,643$915$484$247$123$25
50 years$1,591$874$455$228$112$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,630,000, adding $4,121 every year, while hoping to spend $55,754 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: 65/24/11 Blend
59$1,630,000$1,630,000$1,630,000$1,630,000
60$1,800,511$1,714,121$1,688,856$1,912,903
61$1,924,841$1,738,791$1,686,111$2,013,056
62$2,059,984$1,762,801$1,681,405$2,115,522
63$2,206,985$1,786,060$1,674,614$2,226,060
64$2,366,991$1,808,471$1,665,607$2,345,453
65$2,541,267$1,829,929$1,654,248$2,474,566
66$2,731,204$1,850,323$1,640,393$2,614,350
67$2,938,332$1,869,535$1,623,892$2,765,855
68$3,164,337$1,887,437$1,604,587$2,930,238
69$3,411,072$1,903,894$1,582,313$3,108,775
70$3,680,579$1,918,763$1,556,899$3,302,873
71$3,975,106$1,931,890$1,528,163$3,514,083
72$4,297,127$1,943,112$1,495,916$3,744,114
73$4,649,365$1,952,256$1,459,960$3,994,851
74$5,034,820$1,959,137$1,420,089$4,268,374
75$5,456,796$1,963,558$1,376,086$4,566,974
76$5,918,928$1,965,311$1,327,723$4,893,179
77$6,425,222$1,964,175$1,274,766$5,249,774
78$6,980,089$1,959,913$1,216,964$5,639,832
79$7,588,386$1,952,277$1,154,061$6,066,740
80$8,255,464$1,941,001$1,085,784$6,534,234
81$8,987,215$1,925,805$1,011,852$7,046,432
82$9,790,130$1,906,388$931,969$7,607,874
83$10,671,359$1,882,437$845,825$8,223,568
84$11,638,776$1,853,614$753,098$8,899,033
85$12,701,056$1,819,566$653,452$9,640,356
86$13,867,755$1,779,916$546,534$10,454,246
87$15,149,399$1,734,266$431,976$11,348,104
88$16,557,587$1,682,193$309,396$12,330,085
89$18,105,092$1,623,252$178,392$13,409,184
90$19,805,989$1,556,970$38,547$14,595,315
91$21,675,785$1,482,846$0$15,899,411
92$23,731,562$1,400,353$0$17,346,515
93$25,992,141$1,308,929$0$18,942,595
94$28,478,257$1,207,985$0$20,697,825
95$31,212,758$1,096,895$0$22,628,414
96$34,220,813$974,997$0$24,752,224
97$37,530,158$841,593$0$27,088,945
98$41,171,348$695,945$0$29,660,279
99$45,178,053$537,274$0$32,490,146
100$49,587,370$364,755$0$35,604,913