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%13.9%
1 years$137,907$136,679$135,480$134,310$133,168$131,016
2 years$68,271$66,999$65,767$64,572$63,413$61,251
3 years$45,062$43,785$42,556$41,372$40,232$38,127
4 years$33,460$32,186$30,970$29,806$28,694$26,662
5 years$26,500$25,235$24,034$22,894$21,813$19,860
6 years$21,862$20,606$19,423$18,309$17,260$15,388
7 years$18,550$17,305$16,140$15,052$14,037$12,247
8 years$16,068$14,833$13,688$12,627$11,645$9,937
9 years$14,138$12,915$11,790$10,756$9,807$8,180
10 years$12,595$11,384$10,279$9,271$8,356$6,808
11 years$11,333$10,135$9,049$8,069$7,186$5,717
12 years$10,282$9,096$8,031$7,077$6,227$4,834
13 years$9,394$8,220$7,175$6,248$5,430$4,111
14 years$8,633$7,472$6,447$5,547$4,760$3,512
15 years$7,975$6,826$5,821$4,947$4,191$3,013
16 years$7,399$6,263$5,277$4,429$3,704$2,593
17 years$6,891$5,768$4,802$3,980$3,284$2,237
18 years$6,441$5,330$4,384$3,586$2,920$1,935
19 years$6,038$4,939$4,013$3,241$2,603$1,677
20 years$5,676$4,590$3,683$2,935$2,325$1,456
21 years$5,349$4,275$3,388$2,664$2,081$1,266
22 years$5,052$3,991$3,122$2,422$1,865$1,102
23 years$4,781$3,733$2,883$2,206$1,674$961
24 years$4,533$3,497$2,666$2,012$1,505$838
25 years$4,306$3,282$2,469$1,837$1,354$732
26 years$4,096$3,084$2,290$1,680$1,220$639
27 years$3,902$2,903$2,127$1,538$1,100$559
28 years$3,722$2,735$1,977$1,409$992$489
29 years$3,555$2,580$1,840$1,292$896$428
30 years$3,399$2,437$1,714$1,186$810$375
31 years$3,254$2,304$1,598$1,089$732$328
32 years$3,118$2,180$1,491$1,001$662$287
33 years$2,991$2,064$1,392$920$599$252
34 years$2,871$1,957$1,300$847$542$221
35 years$2,758$1,856$1,216$779$491$193
36 years$2,652$1,761$1,137$718$445$170
37 years$2,552$1,673$1,065$661$403$149
38 years$2,458$1,590$997$610$366$130
39 years$2,368$1,512$934$562$332$114
40 years$2,283$1,438$875$518$301$100
41 years$2,203$1,369$821$478$273$88
42 years$2,126$1,304$770$441$248$77
43 years$2,053$1,242$723$408$225$68
44 years$1,984$1,184$678$376$204$60
45 years$1,918$1,129$637$347$185$52
46 years$1,855$1,077$598$321$168$46
47 years$1,795$1,028$562$297$153$40
48 years$1,738$981$528$274$139$35
49 years$1,683$937$496$253$126$31
50 years$1,631$895$467$234$114$27

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 $4,062 every year, while hoping to spend $53,646 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: 44/35/21 Blend
59$1,670,000$1,670,000$1,670,000$1,670,000
60$1,844,530$1,756,020$1,730,135$1,914,309
61$1,975,593$1,784,986$1,731,016$1,992,916
62$2,118,227$1,813,573$1,730,128$2,072,504
63$2,273,554$1,841,707$1,727,355$2,157,675
64$2,442,812$1,869,306$1,722,577$2,248,973
65$2,627,361$1,896,284$1,715,666$2,346,998
66$2,828,699$1,922,549$1,706,487$2,452,414
67$3,048,473$1,948,001$1,694,902$2,565,953
68$3,288,499$1,972,534$1,680,762$2,688,425
69$3,550,773$1,996,036$1,663,915$2,820,723
70$3,837,495$2,018,384$1,644,199$2,963,835
71$4,151,085$2,039,452$1,621,446$3,118,849
72$4,494,211$2,059,099$1,595,479$3,286,971
73$4,869,806$2,077,180$1,566,113$3,469,529
74$5,281,103$2,093,539$1,533,155$3,667,992
75$5,731,661$2,108,008$1,496,401$3,883,980
76$6,225,401$2,120,411$1,455,641$4,119,284
77$6,766,639$2,130,559$1,410,652$4,375,879
78$7,360,130$2,138,250$1,361,203$4,655,946
79$8,011,112$2,143,272$1,307,052$4,961,896
80$8,725,351$2,145,399$1,247,944$5,296,385
81$9,509,201$2,144,388$1,183,614$5,662,349
82$10,369,661$2,139,984$1,113,787$6,063,028
83$11,314,439$2,131,916$1,038,171$6,501,997
84$12,352,027$2,119,895$956,465$6,983,202
85$13,491,780$2,103,616$868,353$7,510,999
86$14,744,003$2,082,755$773,505$8,090,193
87$16,120,049$2,056,967$671,574$8,726,089
88$17,632,424$2,025,889$562,202$9,424,540
89$19,294,908$1,989,134$445,012$10,192,003
90$21,122,680$1,946,293$319,612$11,035,604
91$23,132,465$1,896,933$185,591$11,963,204
92$25,342,690$1,840,596$42,521$12,983,477
93$27,773,654$1,776,796$0$14,105,992
94$30,447,727$1,705,018$0$15,365,988
95$33,389,551$1,624,721$0$16,762,198
96$36,626,281$1,535,327$0$18,298,039
97$40,187,833$1,436,230$0$19,987,793
98$44,107,172$1,326,785$0$21,847,207
99$48,420,620$1,206,314$0$23,893,642
100$53,168,196$1,074,096$0$26,146,239