Can I retire at age 60 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$136,255$135,042$133,858$132,702$131,573$127,158
2 years$67,453$66,197$64,979$63,799$62,654$58,249
3 years$44,522$43,260$42,046$40,877$39,750$35,494
4 years$33,059$31,801$30,599$29,449$28,350$24,276
5 years$26,183$24,932$23,746$22,620$21,551$17,669
6 years$21,600$20,359$19,190$18,089$17,053$13,366
7 years$18,328$17,098$15,947$14,872$13,869$10,376
8 years$15,875$14,656$13,524$12,476$11,505$8,205
9 years$13,968$12,761$11,649$10,627$9,689$6,577
10 years$12,444$11,248$10,156$9,160$8,256$5,327
11 years$11,197$10,013$8,941$7,972$7,100$4,349
12 years$10,159$8,987$7,935$6,993$6,153$3,573
13 years$9,281$8,122$7,089$6,174$5,365$2,950
14 years$8,530$7,383$6,370$5,480$4,703$2,446
15 years$7,879$6,744$5,751$4,887$4,141$2,034
16 years$7,310$6,188$5,214$4,376$3,660$1,697
17 years$6,809$5,699$4,745$3,932$3,245$1,418
18 years$6,363$5,266$4,331$3,543$2,885$1,188
19 years$5,966$4,880$3,965$3,202$2,572$996
20 years$5,608$4,535$3,639$2,900$2,297$836
21 years$5,285$4,224$3,347$2,632$2,056$703
22 years$4,991$3,943$3,085$2,393$1,843$592
23 years$4,724$3,688$2,848$2,179$1,654$498
24 years$4,479$3,455$2,634$1,988$1,487$420
25 years$4,254$3,243$2,440$1,815$1,338$354
26 years$4,047$3,048$2,263$1,660$1,205$298
27 years$3,855$2,868$2,101$1,519$1,086$252
28 years$3,677$2,703$1,953$1,392$980$212
29 years$3,512$2,550$1,818$1,276$885$179
30 years$3,359$2,408$1,693$1,171$800$151
31 years$3,215$2,276$1,578$1,076$723$128
32 years$3,081$2,154$1,473$989$654$108
33 years$2,955$2,040$1,375$909$592$91
34 years$2,837$1,933$1,285$837$536$77
35 years$2,725$1,834$1,201$770$485$65
36 years$2,621$1,740$1,124$709$440$55
37 years$2,522$1,653$1,052$653$399$46
38 years$2,428$1,571$985$602$361$39
39 years$2,340$1,494$923$555$328$33
40 years$2,256$1,421$865$512$297$28
41 years$2,176$1,353$811$473$270$24
42 years$2,101$1,288$761$436$245$20
43 years$2,029$1,228$714$403$222$17
44 years$1,960$1,170$670$372$202$14
45 years$1,895$1,116$629$343$183$12
46 years$1,833$1,064$591$317$166$10
47 years$1,774$1,016$555$293$151$9
48 years$1,717$970$522$271$137$7
49 years$1,663$926$490$250$124$6
50 years$1,611$885$461$231$113$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,650,000, adding $3,027 every year, while hoping to spend $55,607 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: 77/13/10 Blend
59$1,650,000$1,650,000$1,650,000$1,650,000
60$1,821,422$1,733,972$1,708,397$1,958,299
61$1,948,042$1,759,772$1,706,463$2,074,557
62$2,085,713$1,784,971$1,702,601$2,194,578
63$2,235,504$1,809,483$1,696,686$2,324,583
64$2,398,591$1,833,213$1,688,591$2,465,543
65$2,576,268$1,856,061$1,678,179$2,618,529
66$2,769,957$1,877,918$1,665,308$2,784,719
67$2,981,227$1,898,670$1,649,829$2,965,411
68$3,211,801$1,918,194$1,631,588$3,162,038
69$3,463,578$1,936,359$1,610,419$3,376,175
70$3,738,647$1,953,025$1,586,153$3,609,558
71$4,039,311$1,968,044$1,558,610$3,864,102
72$4,368,100$1,981,258$1,527,603$4,141,914
73$4,727,804$1,992,498$1,492,936$4,445,319
74$5,121,495$2,001,585$1,454,404$4,776,877
75$5,552,552$2,008,327$1,411,791$5,139,408
76$6,024,700$2,012,523$1,364,874$5,536,022
77$6,542,040$2,013,957$1,313,418$5,970,145
78$7,109,087$2,012,400$1,257,176$6,445,552
79$7,730,816$2,007,609$1,195,893$6,966,405
80$8,412,703$1,999,327$1,129,300$7,537,290
81$9,160,784$1,987,278$1,057,117$8,163,260
82$9,981,703$1,971,174$979,049$8,849,884
83$10,882,782$1,950,707$894,792$9,603,301
84$11,872,083$1,925,549$804,025$10,430,277
85$12,958,489$1,895,355$706,414$11,338,266
86$14,151,786$1,859,758$601,610$12,335,487
87$15,462,752$1,818,370$489,248$13,430,995
88$16,903,263$1,770,780$368,948$14,634,771
89$18,486,400$1,716,553$240,312$15,957,816
90$20,226,575$1,655,227$102,925$17,412,255
91$22,139,667$1,586,314$0$19,011,449
92$24,243,169$1,509,299$0$20,774,787
93$26,556,354$1,423,636$0$22,725,861
94$29,100,456$1,328,748$0$24,871,618
95$31,898,869$1,224,024$0$27,231,824
96$34,977,371$1,108,818$0$29,828,265
97$38,364,362$982,450$0$32,684,946
98$42,091,134$844,197$0$35,828,322
99$46,192,166$693,298$0$39,287,544
100$50,705,446$528,949$0$43,094,739