Can I retire at age 60 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$137,907$136,679$135,480$134,310$133,168$129,060
2 years$68,271$66,999$65,767$64,572$63,413$59,311
3 years$45,062$43,785$42,556$41,372$40,232$36,263
4 years$33,460$32,186$30,970$29,806$28,694$24,889
5 years$26,500$25,235$24,034$22,894$21,813$18,183
6 years$21,862$20,606$19,423$18,309$17,260$13,807
7 years$18,550$17,305$16,140$15,052$14,037$10,762
8 years$16,068$14,833$13,688$12,627$11,645$8,545
9 years$14,138$12,915$11,790$10,756$9,807$6,879
10 years$12,595$11,384$10,279$9,271$8,356$5,596
11 years$11,333$10,135$9,049$8,069$7,186$4,589
12 years$10,282$9,096$8,031$7,077$6,227$3,788
13 years$9,394$8,220$7,175$6,248$5,430$3,143
14 years$8,633$7,472$6,447$5,547$4,760$2,618
15 years$7,975$6,826$5,821$4,947$4,191$2,188
16 years$7,399$6,263$5,277$4,429$3,704$1,835
17 years$6,891$5,768$4,802$3,980$3,284$1,541
18 years$6,441$5,330$4,384$3,586$2,920$1,297
19 years$6,038$4,939$4,013$3,241$2,603$1,094
20 years$5,676$4,590$3,683$2,935$2,325$924
21 years$5,349$4,275$3,388$2,664$2,081$781
22 years$5,052$3,991$3,122$2,422$1,865$660
23 years$4,781$3,733$2,883$2,206$1,674$559
24 years$4,533$3,497$2,666$2,012$1,505$474
25 years$4,306$3,282$2,469$1,837$1,354$402
26 years$4,096$3,084$2,290$1,680$1,220$341
27 years$3,902$2,903$2,127$1,538$1,100$289
28 years$3,722$2,735$1,977$1,409$992$245
29 years$3,555$2,580$1,840$1,292$896$208
30 years$3,399$2,437$1,714$1,186$810$177
31 years$3,254$2,304$1,598$1,089$732$150
32 years$3,118$2,180$1,491$1,001$662$128
33 years$2,991$2,064$1,392$920$599$108
34 years$2,871$1,957$1,300$847$542$92
35 years$2,758$1,856$1,216$779$491$78
36 years$2,652$1,761$1,137$718$445$67
37 years$2,552$1,673$1,065$661$403$57
38 years$2,458$1,590$997$610$366$48
39 years$2,368$1,512$934$562$332$41
40 years$2,283$1,438$875$518$301$35
41 years$2,203$1,369$821$478$273$30
42 years$2,126$1,304$770$441$248$25
43 years$2,053$1,242$723$408$225$21
44 years$1,984$1,184$678$376$204$18
45 years$1,918$1,129$637$347$185$15
46 years$1,855$1,077$598$321$168$13
47 years$1,795$1,028$562$297$153$11
48 years$1,738$981$528$274$139$9
49 years$1,683$937$496$253$126$8
50 years$1,631$895$467$234$114$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,670,000, adding $2,042 every year, while hoping to spend $49,387 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: 44/47/9 Blend
59$1,670,000$1,670,000$1,670,000$1,670,000
60$1,842,446$1,753,936$1,728,051$1,918,694
61$1,977,828$1,787,332$1,733,394$2,005,176
62$2,125,364$1,820,708$1,737,260$2,093,646
63$2,286,241$1,854,013$1,739,548$2,188,406
64$2,461,767$1,887,189$1,740,152$2,290,053
65$2,653,379$1,920,173$1,738,959$2,399,242
66$2,862,662$1,952,900$1,735,852$2,516,698
67$3,091,359$1,985,297$1,730,709$2,643,221
68$3,341,390$2,017,289$1,723,399$2,779,689
69$3,614,866$2,048,791$1,713,788$2,927,076
70$3,914,117$2,079,715$1,701,734$3,086,452
71$4,241,702$2,109,967$1,687,087$3,259,000
72$4,600,444$2,139,444$1,669,693$3,446,022
73$4,993,449$2,168,036$1,649,388$3,648,956
74$5,424,140$2,195,629$1,626,001$3,869,388
75$5,896,283$2,222,096$1,599,354$4,109,067
76$6,414,031$2,247,305$1,569,258$4,369,923
77$6,981,952$2,271,113$1,535,519$4,654,084
78$7,605,083$2,293,370$1,497,930$4,963,897
79$8,288,969$2,313,912$1,456,278$5,301,952
80$9,039,718$2,332,568$1,410,338$5,671,106
81$9,864,060$2,349,155$1,359,875$6,074,508
82$10,769,407$2,363,476$1,304,644$6,515,635
83$11,763,925$2,375,325$1,244,388$6,998,318
84$12,856,608$2,384,479$1,178,838$7,526,787
85$14,057,368$2,390,704$1,107,714$8,105,705
86$15,377,120$2,393,749$1,030,724$8,740,214
87$16,827,893$2,393,350$947,560$9,435,987
88$18,422,938$2,389,224$857,903$10,199,281
89$20,176,853$2,381,071$761,418$11,036,997
90$22,105,723$2,368,574$657,756$11,956,744
91$24,227,269$2,351,396$546,553$12,966,915
92$26,561,015$2,329,180$427,427$14,076,765
93$29,128,475$2,301,545$299,982$15,296,503
94$31,953,349$2,268,091$163,802$16,637,384
95$35,061,755$2,228,392$18,453$18,111,822
96$38,482,467$2,181,996$0$19,733,505
97$42,247,190$2,128,425$0$21,530,650
98$46,390,859$2,067,174$0$23,509,522
99$50,951,969$1,997,707$0$25,686,748
100$55,972,932$1,919,458$0$28,082,615