Can I retire at age 60 with 1,690,000?

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 $1,690,000?

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$139,559$138,316$137,103$135,919$134,763$133,578
2 years$69,088$67,802$66,555$65,346$64,173$62,979
3 years$45,601$44,309$43,065$41,868$40,714$39,548
4 years$33,860$32,572$31,341$30,163$29,037$27,908
5 years$26,817$25,537$24,322$23,168$22,074$20,985
6 years$22,124$20,853$19,655$18,528$17,466$16,419
7 years$18,772$17,512$16,334$15,233$14,205$13,199
8 years$16,260$15,011$13,852$12,778$11,784$10,821
9 years$14,307$13,070$11,931$10,884$9,924$9,002
10 years$12,745$11,520$10,402$9,382$8,456$7,575
11 years$11,469$10,256$9,157$8,166$7,272$6,432
12 years$10,405$9,205$8,127$7,162$6,302$5,501
13 years$9,507$8,319$7,261$6,323$5,495$4,734
14 years$8,737$7,562$6,524$5,613$4,817$4,093
15 years$8,070$6,908$5,890$5,006$4,241$3,554
16 years$7,487$6,338$5,340$4,482$3,749$3,097
17 years$6,974$5,837$4,860$4,027$3,324$2,707
18 years$6,518$5,393$4,436$3,629$2,955$2,372
19 years$6,110$4,999$4,061$3,279$2,634$2,083
20 years$5,744$4,645$3,727$2,970$2,353$1,833
21 years$5,413$4,327$3,428$2,696$2,106$1,615
22 years$5,112$4,039$3,160$2,451$1,887$1,425
23 years$4,838$3,777$2,917$2,232$1,694$1,259
24 years$4,587$3,539$2,698$2,036$1,523$1,114
25 years$4,357$3,321$2,499$1,859$1,370$987
26 years$4,145$3,121$2,318$1,700$1,234$874
27 years$3,949$2,938$2,152$1,556$1,113$775
28 years$3,767$2,768$2,001$1,426$1,004$688
29 years$3,598$2,611$1,862$1,307$907$611
30 years$3,440$2,466$1,734$1,200$819$543
31 years$3,293$2,331$1,617$1,102$741$483
32 years$3,156$2,206$1,508$1,013$670$429
33 years$3,027$2,089$1,408$931$606$382
34 years$2,905$1,980$1,316$857$549$340
35 years$2,791$1,878$1,230$789$497$302
36 years$2,684$1,782$1,151$726$451$269
37 years$2,583$1,693$1,077$669$408$240
38 years$2,487$1,609$1,009$617$370$213
39 years$2,396$1,530$945$569$336$190
40 years$2,310$1,456$886$525$304$169
41 years$2,229$1,386$831$484$276$151
42 years$2,152$1,320$779$447$251$134
43 years$2,078$1,257$731$412$227$120
44 years$2,008$1,198$686$381$206$107
45 years$1,941$1,143$644$352$187$95
46 years$1,878$1,090$605$325$170$85
47 years$1,817$1,040$569$300$155$76
48 years$1,759$993$534$277$140$67
49 years$1,703$948$502$256$127$60
50 years$1,650$906$472$237$116$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,690,000, adding $4,711 every year, while hoping to spend $58,695 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: 34/49/17 Blend
59$1,690,000$1,690,000$1,690,000$1,690,000
60$1,867,239$1,777,669$1,751,474$1,920,770
61$1,995,247$1,802,324$1,747,698$1,985,074
62$2,134,344$1,826,220$1,741,827$2,048,569
63$2,285,599$1,849,257$1,733,731$2,115,791
64$2,450,190$1,871,330$1,723,271$2,187,103
65$2,629,410$1,892,326$1,710,301$2,262,905
66$2,824,683$1,912,123$1,694,669$2,343,643
67$3,037,577$1,930,594$1,676,217$2,429,810
68$3,269,817$1,947,599$1,654,777$2,521,952
69$3,523,300$1,962,994$1,630,174$2,620,676
70$3,800,118$1,976,622$1,602,227$2,726,651
71$4,102,571$1,988,318$1,570,742$2,840,621
72$4,433,192$1,997,903$1,535,520$2,963,409
73$4,794,768$2,005,192$1,496,351$3,095,928
74$5,190,372$2,009,983$1,453,016$3,239,185
75$5,623,383$2,012,065$1,405,285$3,394,300
76$6,097,524$2,011,213$1,352,918$3,562,507
77$6,616,895$2,007,186$1,295,664$3,745,178
78$7,186,011$1,999,730$1,233,262$3,943,826
79$7,809,843$1,988,577$1,165,436$4,160,129
80$8,493,869$1,973,439$1,091,899$4,395,940
81$9,244,119$1,954,013$1,012,353$4,653,311
82$10,067,237$1,929,977$926,485$4,934,510
83$10,970,539$1,900,990$833,966$5,242,048
84$11,962,087$1,866,691$734,456$5,578,698
85$13,050,757$1,826,696$627,598$5,947,528
86$14,246,331$1,780,601$513,020$6,351,928
87$15,559,582$1,727,976$390,331$6,795,646
88$17,002,378$1,668,365$259,126$7,282,824
89$18,587,795$1,601,290$118,981$7,818,041
90$20,330,237$1,526,239$0$8,406,352
91$22,245,571$1,442,675$0$9,058,894
92$24,351,282$1,350,029$0$9,799,686
93$26,666,630$1,247,698$0$10,614,028
94$29,212,837$1,135,045$0$11,509,546
95$32,013,282$1,011,398$0$12,494,651
96$35,093,726$876,046$0$13,578,631
97$38,482,550$728,236$0$14,771,732
98$42,211,026$567,176$0$16,085,262
99$46,313,610$392,027$0$17,531,699
100$50,828,264$201,902$0$19,124,813