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%14.3%
1 years$139,559$138,316$137,103$135,919$134,763$132,367
2 years$69,088$67,802$66,555$65,346$64,173$61,767
3 years$45,601$44,309$43,065$41,868$40,714$38,373
4 years$33,860$32,572$31,341$30,163$29,037$26,780
5 years$26,817$25,537$24,322$23,168$22,074$19,906
6 years$22,124$20,853$19,655$18,528$17,466$15,391
7 years$18,772$17,512$16,334$15,233$14,205$12,222
8 years$16,260$15,011$13,852$12,778$11,784$9,894
9 years$14,307$13,070$11,931$10,884$9,924$8,125
10 years$12,745$11,520$10,402$9,382$8,456$6,746
11 years$11,469$10,256$9,157$8,166$7,272$5,650
12 years$10,405$9,205$8,127$7,162$6,302$4,765
13 years$9,507$8,319$7,261$6,323$5,495$4,042
14 years$8,737$7,562$6,524$5,613$4,817$3,444
15 years$8,070$6,908$5,890$5,006$4,241$2,946
16 years$7,487$6,338$5,340$4,482$3,749$2,528
17 years$6,974$5,837$4,860$4,027$3,324$2,176
18 years$6,518$5,393$4,436$3,629$2,955$1,876
19 years$6,110$4,999$4,061$3,279$2,634$1,622
20 years$5,744$4,645$3,727$2,970$2,353$1,404
21 years$5,413$4,327$3,428$2,696$2,106$1,217
22 years$5,112$4,039$3,160$2,451$1,887$1,056
23 years$4,838$3,777$2,917$2,232$1,694$918
24 years$4,587$3,539$2,698$2,036$1,523$798
25 years$4,357$3,321$2,499$1,859$1,370$694
26 years$4,145$3,121$2,318$1,700$1,234$605
27 years$3,949$2,938$2,152$1,556$1,113$527
28 years$3,767$2,768$2,001$1,426$1,004$459
29 years$3,598$2,611$1,862$1,307$907$401
30 years$3,440$2,466$1,734$1,200$819$350
31 years$3,293$2,331$1,617$1,102$741$305
32 years$3,156$2,206$1,508$1,013$670$267
33 years$3,027$2,089$1,408$931$606$233
34 years$2,905$1,980$1,316$857$549$203
35 years$2,791$1,878$1,230$789$497$178
36 years$2,684$1,782$1,151$726$451$155
37 years$2,583$1,693$1,077$669$408$136
38 years$2,487$1,609$1,009$617$370$119
39 years$2,396$1,530$945$569$336$104
40 years$2,310$1,456$886$525$304$91
41 years$2,229$1,386$831$484$276$79
42 years$2,152$1,320$779$447$251$69
43 years$2,078$1,257$731$412$227$61
44 years$2,008$1,198$686$381$206$53
45 years$1,941$1,143$644$352$187$46
46 years$1,878$1,090$605$325$170$41
47 years$1,817$1,040$569$300$155$35
48 years$1,759$993$534$277$140$31
49 years$1,703$948$502$256$127$27
50 years$1,650$906$472$237$116$24

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 $4,884 every year, while hoping to spend $23,163 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: 27/48/25 Blend
59$1,690,000$1,690,000$1,690,000$1,690,000
60$1,867,418$1,777,848$1,751,653$1,903,097
61$2,033,249$1,840,317$1,785,688$1,994,451
62$2,215,219$1,905,071$1,820,087$2,090,134
63$2,414,949$1,972,197$1,854,837$2,192,387
64$2,634,225$2,041,787$1,889,926$2,301,785
65$2,875,016$2,113,934$1,925,338$2,418,958
66$3,139,488$2,188,737$1,961,058$2,544,595
67$3,430,031$2,266,300$1,997,068$2,679,455
68$3,749,273$2,346,727$2,033,348$2,824,369
69$4,100,113$2,430,131$2,069,880$2,980,250
70$4,485,744$2,516,628$2,106,641$3,148,100
71$4,909,683$2,606,336$2,143,607$3,329,021
72$5,375,806$2,699,381$2,180,752$3,524,222
73$5,888,381$2,795,893$2,218,050$3,735,031
74$6,452,112$2,896,008$2,255,471$3,962,909
75$7,072,182$2,999,867$2,292,984$4,209,461
76$7,754,301$3,107,617$2,330,555$4,476,452
77$8,504,759$3,219,410$2,368,149$4,765,820
78$9,330,490$3,335,406$2,405,726$5,079,699
79$10,239,129$3,455,770$2,443,248$5,420,434
80$11,239,093$3,580,676$2,480,669$5,790,605
81$12,339,654$3,710,303$2,517,945$6,193,050
82$13,551,029$3,844,837$2,555,026$6,630,890
83$14,884,474$3,984,475$2,591,860$7,107,559
84$16,352,396$4,129,419$2,628,393$7,626,837
85$17,968,461$4,279,881$2,664,564$8,192,882
86$19,747,730$4,436,082$2,700,314$8,810,270
87$21,706,799$4,598,251$2,735,575$9,484,037
88$23,863,955$4,766,627$2,770,279$10,219,728
89$26,239,347$4,941,460$2,804,351$11,023,444
90$28,855,178$5,123,010$2,837,716$11,901,903
91$31,735,917$5,311,548$2,870,289$12,862,500
92$34,908,522$5,507,355$2,901,985$13,913,376
93$38,402,702$5,710,727$2,932,713$15,063,497
94$42,251,194$5,921,969$2,962,376$16,322,730
95$46,490,073$6,141,402$2,990,872$17,701,946
96$51,159,088$6,369,358$3,018,094$19,213,112
97$56,302,044$6,606,186$3,043,929$20,869,406
98$61,967,211$6,852,248$3,068,259$22,685,344
99$68,207,779$7,107,921$3,090,959$24,676,909
100$75,082,363$7,373,599$3,111,896$26,861,707