Can I retire at age 60 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$138,733$137,497$136,291$135,115$133,966$132,788
2 years$68,680$67,401$66,161$64,959$63,793$62,606
3 years$45,332$44,047$42,810$41,620$40,473$39,314
4 years$33,660$32,379$31,155$29,985$28,866$27,743
5 years$26,659$25,386$24,178$23,031$21,943$20,861
6 years$21,993$20,729$19,539$18,418$17,363$16,322
7 years$18,661$17,408$16,237$15,143$14,121$13,121
8 years$16,164$14,922$13,770$12,703$11,714$10,757
9 years$14,222$12,993$11,860$10,820$9,865$8,949
10 years$12,670$11,452$10,340$9,327$8,406$7,530
11 years$11,401$10,195$9,103$8,117$7,229$6,394
12 years$10,344$9,151$8,079$7,120$6,265$5,469
13 years$9,450$8,270$7,218$6,286$5,463$4,706
14 years$8,685$7,517$6,485$5,580$4,789$4,069
15 years$8,022$6,867$5,855$4,976$4,216$3,533
16 years$7,443$6,300$5,309$4,456$3,726$3,079
17 years$6,932$5,802$4,831$4,003$3,304$2,691
18 years$6,479$5,361$4,410$3,608$2,938$2,358
19 years$6,074$4,969$4,037$3,260$2,619$2,071
20 years$5,710$4,617$3,705$2,953$2,339$1,822
21 years$5,381$4,301$3,408$2,680$2,093$1,605
22 years$5,082$4,015$3,141$2,436$1,876$1,417
23 years$4,810$3,755$2,900$2,219$1,684$1,252
24 years$4,560$3,518$2,682$2,024$1,514$1,108
25 years$4,331$3,302$2,484$1,848$1,362$981
26 years$4,120$3,103$2,304$1,690$1,227$869
27 years$3,925$2,920$2,139$1,547$1,106$771
28 years$3,744$2,752$1,989$1,417$998$684
29 years$3,576$2,596$1,851$1,300$901$607
30 years$3,420$2,452$1,724$1,193$814$540
31 years$3,274$2,318$1,607$1,095$736$480
32 years$3,137$2,193$1,500$1,007$666$427
33 years$3,009$2,077$1,400$926$603$379
34 years$2,888$1,968$1,308$852$546$338
35 years$2,775$1,867$1,223$784$494$300
36 years$2,668$1,772$1,144$722$448$267
37 years$2,567$1,683$1,071$665$406$238
38 years$2,472$1,599$1,003$613$368$212
39 years$2,382$1,521$940$565$334$189
40 years$2,297$1,447$881$522$303$168
41 years$2,216$1,377$826$481$275$150
42 years$2,139$1,312$775$444$249$134
43 years$2,066$1,250$727$410$226$119
44 years$1,996$1,191$682$379$205$106
45 years$1,930$1,136$641$350$186$95
46 years$1,866$1,084$602$323$169$84
47 years$1,806$1,034$565$298$154$75
48 years$1,748$987$531$276$140$67
49 years$1,693$943$499$255$127$60
50 years$1,640$901$469$235$115$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,680,000, adding $4,432 every year, while hoping to spend $38,296 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: 63/31/6 Blend
59$1,680,000$1,680,000$1,680,000$1,680,000
60$1,855,932$1,766,892$1,740,852$1,970,652
61$2,004,490$1,812,723$1,758,423$2,093,476
62$2,166,918$1,859,516$1,775,301$2,222,610
63$2,344,589$1,907,278$1,791,419$2,362,600
64$2,539,018$1,956,015$1,806,712$2,514,492
65$2,751,869$2,005,731$1,821,108$2,679,441
66$2,984,978$2,056,431$1,834,534$2,858,717
67$3,240,366$2,108,115$1,846,910$3,053,719
68$3,520,257$2,160,787$1,858,155$3,265,988
69$3,827,102$2,214,444$1,868,183$3,497,219
70$4,163,600$2,269,086$1,876,901$3,749,279
71$4,532,724$2,324,708$1,884,214$4,024,227
72$4,937,749$2,381,306$1,890,022$4,324,328
73$5,382,281$2,438,871$1,894,220$4,652,076
74$5,870,293$2,497,396$1,896,695$5,010,219
75$6,406,162$2,556,866$1,897,333$5,401,787
76$6,994,707$2,617,270$1,896,011$5,830,112
77$7,641,241$2,678,589$1,892,600$6,298,870
78$8,351,612$2,740,805$1,886,968$6,812,107
79$9,132,267$2,803,895$1,878,972$7,374,282
80$9,990,306$2,867,834$1,868,464$7,990,308
81$10,933,551$2,932,591$1,855,292$8,665,595
82$11,970,620$2,998,135$1,839,291$9,406,107
83$13,111,008$3,064,429$1,820,292$10,218,413
84$14,365,177$3,131,432$1,798,118$11,109,753
85$15,744,651$3,199,098$1,772,581$12,088,101
86$17,262,130$3,267,379$1,743,487$13,162,246
87$18,931,605$3,336,218$1,710,632$14,341,871
88$20,768,492$3,405,555$1,673,801$15,637,646
89$22,789,776$3,475,325$1,632,771$17,061,329
90$25,014,171$3,545,455$1,587,307$18,625,873
91$27,462,301$3,615,866$1,537,166$20,345,556
92$30,156,884$3,686,472$1,482,090$22,236,108
93$33,122,959$3,757,182$1,421,812$24,314,865
94$36,388,110$3,827,893$1,356,052$26,600,928
95$39,982,735$3,898,498$1,284,518$29,115,347
96$43,940,328$3,968,877$1,206,903$31,881,319
97$48,297,794$4,038,905$1,122,887$34,924,406
98$53,095,802$4,108,445$1,032,137$38,272,776
99$58,379,163$4,177,348$934,303$41,957,472
100$64,197,257$4,245,457$829,020$46,012,701