Can I retire at age 60 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$140,384$139,134$137,914$136,723$135,560$132,015
2 years$69,497$68,203$66,949$65,732$64,553$61,005
3 years$45,871$44,571$43,320$42,115$40,955$37,516
4 years$34,061$32,765$31,526$30,342$29,209$25,906
5 years$26,976$25,688$24,465$23,305$22,204$19,045
6 years$22,255$20,976$19,772$18,637$17,570$14,558
7 years$18,883$17,616$16,430$15,323$14,289$11,424
8 years$16,356$15,100$13,934$12,854$11,854$9,135
9 years$14,392$13,147$12,002$10,949$9,983$7,408
10 years$12,821$11,589$10,463$9,438$8,506$6,071
11 years$11,537$10,317$9,212$8,214$7,315$5,018
12 years$10,467$9,260$8,175$7,205$6,339$4,175
13 years$9,563$8,368$7,304$6,361$5,528$3,491
14 years$8,788$7,606$6,563$5,646$4,846$2,933
15 years$8,118$6,949$5,925$5,035$4,267$2,473
16 years$7,532$6,375$5,372$4,509$3,771$2,091
17 years$7,015$5,871$4,888$4,051$3,343$1,772
18 years$6,556$5,425$4,462$3,651$2,973$1,505
19 years$6,146$5,028$4,085$3,299$2,650$1,280
20 years$5,778$4,672$3,749$2,988$2,367$1,091
21 years$5,445$4,352$3,448$2,712$2,118$931
22 years$5,142$4,063$3,178$2,465$1,899$795
23 years$4,867$3,800$2,935$2,245$1,704$679
24 years$4,615$3,560$2,714$2,048$1,532$581
25 years$4,383$3,341$2,514$1,870$1,378$497
26 years$4,169$3,140$2,331$1,710$1,242$426
27 years$3,972$2,955$2,165$1,565$1,119$365
28 years$3,789$2,784$2,013$1,434$1,010$313
29 years$3,619$2,627$1,873$1,315$912$268
30 years$3,460$2,481$1,744$1,207$824$230
31 years$3,313$2,345$1,626$1,108$745$197
32 years$3,174$2,219$1,517$1,019$674$169
33 years$3,044$2,101$1,417$937$610$145
34 years$2,923$1,992$1,324$862$552$125
35 years$2,808$1,889$1,238$793$500$107
36 years$2,700$1,793$1,158$731$453$92
37 years$2,598$1,703$1,084$673$411$79
38 years$2,502$1,618$1,015$621$372$68
39 years$2,411$1,539$951$572$338$58
40 years$2,324$1,464$891$528$306$50
41 years$2,242$1,394$836$487$278$43
42 years$2,164$1,327$784$449$252$37
43 years$2,090$1,265$736$415$229$32
44 years$2,020$1,206$690$383$208$27
45 years$1,953$1,150$648$354$189$23
46 years$1,889$1,097$609$327$171$20
47 years$1,828$1,047$572$302$155$17
48 years$1,769$999$538$279$141$15
49 years$1,713$954$505$258$128$13
50 years$1,660$911$475$238$116$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,700,000, adding $4,857 every year, while hoping to spend $23,002 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: 50/40/10 Blend
59$1,700,000$1,700,000$1,700,000$1,700,000
60$1,878,410$1,788,310$1,761,960$1,967,107
61$2,045,534$1,851,463$1,796,512$2,091,442
62$2,228,933$1,916,940$1,831,450$2,223,638
63$2,430,245$1,984,830$1,866,763$2,366,755
64$2,651,269$2,055,226$1,902,440$2,521,826
65$2,893,992$2,128,226$1,938,465$2,689,983
66$3,160,600$2,203,930$1,974,824$2,872,471
67$3,453,502$2,282,443$2,011,501$3,070,661
68$3,775,351$2,363,875$2,048,479$3,286,059
69$4,129,071$2,448,339$2,085,737$3,520,321
70$4,517,882$2,535,953$2,123,255$3,775,270
71$4,945,333$2,626,842$2,161,011$4,052,910
72$5,415,333$2,721,133$2,198,981$4,355,446
73$5,932,188$2,818,960$2,237,138$4,685,305
74$6,500,644$2,920,461$2,275,455$5,045,157
75$7,125,929$3,025,783$2,313,901$5,437,941
76$7,813,802$3,135,075$2,352,446$5,866,890
77$8,570,611$3,248,495$2,391,054$6,335,564
78$9,403,349$3,366,207$2,429,690$6,847,880
79$10,319,719$3,488,380$2,468,313$7,408,152
80$11,328,212$3,615,192$2,506,883$8,021,128
81$12,438,182$3,746,828$2,545,356$8,692,035
82$13,659,935$3,883,481$2,583,684$9,426,628
83$15,004,828$4,025,351$2,621,817$10,231,243
84$16,485,375$4,172,648$2,659,702$11,112,858
85$18,115,364$4,325,589$2,697,283$12,079,157
86$19,909,990$4,484,401$2,734,501$13,138,600
87$21,885,993$4,649,321$2,771,291$14,300,504
88$24,061,822$4,820,596$2,807,587$15,575,131
89$26,457,805$4,998,482$2,843,317$16,973,783
90$29,096,340$5,183,247$2,878,408$18,508,906
91$32,002,111$5,375,170$2,912,779$20,194,209
92$35,202,316$5,574,543$2,946,347$22,044,793
93$38,726,926$5,781,669$2,979,023$24,077,289
94$42,608,966$5,996,864$3,010,714$26,310,018
95$46,884,828$6,220,459$3,041,321$28,763,161
96$51,594,616$6,452,796$3,070,740$31,458,947
97$56,782,520$6,694,236$3,098,862$34,421,865
98$62,497,235$6,945,152$3,125,572$37,678,891
99$68,792,422$7,205,933$3,150,748$41,259,745
100$75,727,213$7,476,988$3,174,262$45,197,165