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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$134,604$133,405$132,235$131,093$129,978$128,248
2 years$66,636$65,395$64,192$63,026$61,895$60,154
3 years$43,982$42,736$41,536$40,381$39,268$37,572
4 years$32,658$31,416$30,228$29,092$28,007$26,367
5 years$25,865$24,630$23,458$22,346$21,290$19,712
6 years$21,338$20,112$18,958$17,870$16,846$15,332
7 years$18,106$16,890$15,754$14,692$13,700$12,250
8 years$15,683$14,478$13,361$12,325$11,366$9,980
9 years$13,799$12,606$11,507$10,498$9,572$8,249
10 years$12,293$11,111$10,032$9,049$8,156$6,895
11 years$11,061$9,892$8,832$7,876$7,014$5,815
12 years$10,036$8,878$7,839$6,908$6,078$4,939
13 years$9,169$8,023$7,003$6,099$5,300$4,220
14 years$8,426$7,293$6,292$5,414$4,646$3,622
15 years$7,784$6,662$5,681$4,828$4,091$3,122
16 years$7,222$6,113$5,151$4,323$3,616$2,700
17 years$6,726$5,629$4,687$3,884$3,206$2,342
18 years$6,286$5,202$4,279$3,500$2,850$2,036
19 years$5,893$4,821$3,917$3,163$2,541$1,773
20 years$5,540$4,480$3,595$2,865$2,269$1,548
21 years$5,221$4,173$3,306$2,600$2,031$1,353
22 years$4,931$3,895$3,047$2,364$1,820$1,184
23 years$4,666$3,643$2,814$2,153$1,634$1,038
24 years$4,425$3,413$2,602$1,964$1,469$910
25 years$4,202$3,203$2,410$1,793$1,322$799
26 years$3,998$3,011$2,235$1,640$1,190$702
27 years$3,808$2,833$2,076$1,501$1,073$617
28 years$3,633$2,670$1,930$1,375$968$543
29 years$3,470$2,519$1,796$1,261$875$478
30 years$3,318$2,379$1,673$1,157$790$421
31 years$3,176$2,249$1,559$1,063$714$370
32 years$3,043$2,128$1,455$977$646$326
33 years$2,919$2,015$1,358$898$585$288
34 years$2,802$1,910$1,269$826$529$254
35 years$2,692$1,811$1,187$761$480$224
36 years$2,589$1,719$1,110$701$435$197
37 years$2,491$1,633$1,039$646$394$174
38 years$2,399$1,552$973$595$357$154
39 years$2,311$1,476$912$549$324$136
40 years$2,228$1,404$854$506$294$120
41 years$2,150$1,336$801$467$266$106
42 years$2,075$1,273$752$431$242$93
43 years$2,004$1,213$705$398$219$82
44 years$1,937$1,156$662$367$199$73
45 years$1,872$1,102$622$339$181$64
46 years$1,811$1,052$584$313$164$57
47 years$1,752$1,003$548$289$149$50
48 years$1,696$958$515$267$135$44
49 years$1,643$915$484$247$123$39
50 years$1,591$874$455$228$112$34

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 $4,163 every year, while hoping to spend $33,547 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: 45/46/9 Blend
59$1,630,000$1,630,000$1,630,000$1,630,000
60$1,800,554$1,714,164$1,688,899$1,876,834
61$1,948,517$1,762,464$1,709,784$1,978,315
62$2,110,448$1,812,007$1,730,243$2,084,506
63$2,287,735$1,862,818$1,750,228$2,198,883
64$2,481,910$1,914,921$1,769,687$2,322,212
65$2,694,657$1,968,344$1,788,563$2,455,336
66$2,927,831$2,023,112$1,806,799$2,599,182
67$3,183,476$2,079,251$1,824,333$2,754,770
68$3,463,842$2,136,786$1,841,100$2,923,223
69$3,771,408$2,195,743$1,857,031$3,105,776
70$4,108,906$2,256,148$1,872,056$3,303,789
71$4,479,342$2,318,027$1,886,097$3,518,759
72$4,886,029$2,381,404$1,899,075$3,752,335
73$5,332,616$2,446,306$1,910,907$4,006,328
74$5,823,125$2,512,756$1,921,504$4,282,739
75$6,361,982$2,580,780$1,930,773$4,583,765
76$6,954,067$2,650,402$1,938,617$4,911,829
77$7,604,755$2,721,644$1,944,934$5,269,597
78$8,319,966$2,794,531$1,949,615$5,660,008
79$9,106,223$2,869,084$1,952,548$6,086,297
80$9,970,714$2,945,325$1,953,614$6,552,027
81$10,921,356$3,023,275$1,952,690$7,061,124
82$11,966,873$3,102,954$1,949,643$7,617,910
83$13,116,876$3,184,381$1,944,338$8,227,149
84$14,381,955$3,267,573$1,936,631$8,894,087
85$15,773,778$3,352,547$1,926,371$9,624,505
86$17,305,199$3,439,318$1,913,401$10,424,770
87$18,990,385$3,527,899$1,897,555$11,301,898
88$20,844,940$3,618,303$1,878,659$12,263,618
89$22,886,063$3,710,539$1,856,534$13,318,446
90$25,132,701$3,804,615$1,830,987$14,475,764
91$27,605,732$3,900,537$1,801,821$15,745,911
92$30,328,162$3,998,308$1,768,827$17,140,277
93$33,325,339$4,097,929$1,731,786$18,671,413
94$36,625,194$4,199,398$1,690,472$20,353,148
95$40,258,506$4,302,711$1,644,645$22,200,721
96$44,259,188$4,407,858$1,594,055$24,230,922
97$48,664,611$4,514,829$1,538,441$26,462,253
98$53,515,952$4,623,607$1,477,530$28,915,103
99$58,858,589$4,734,173$1,411,037$31,611,938
100$64,742,521$4,846,503$1,338,662$34,577,512