Can I retire at age 60 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$141,210$139,952$138,725$137,527$136,358$132,258
2 years$69,906$68,604$67,342$66,119$64,932$60,836
3 years$46,141$44,834$43,575$42,363$41,196$37,232
4 years$34,261$32,957$31,711$30,520$29,381$25,580
5 years$27,135$25,839$24,609$23,442$22,335$18,707
6 years$22,385$21,099$19,888$18,747$17,673$14,221
7 years$18,994$17,719$16,527$15,413$14,373$11,097
8 years$16,452$15,189$14,016$12,930$11,924$8,822
9 years$14,476$13,225$12,072$11,013$10,041$7,110
10 years$12,896$11,657$10,525$9,493$8,556$5,791
11 years$11,604$10,377$9,266$8,262$7,358$4,756
12 years$10,529$9,314$8,223$7,247$6,377$3,930
13 years$9,619$8,417$7,347$6,398$5,560$3,265
14 years$8,840$7,651$6,601$5,679$4,874$2,724
15 years$8,166$6,989$5,960$5,065$4,292$2,280
16 years$7,576$6,413$5,404$4,535$3,793$1,914
17 years$7,056$5,906$4,917$4,075$3,363$1,611
18 years$6,595$5,457$4,489$3,672$2,990$1,358
19 years$6,182$5,058$4,109$3,318$2,665$1,147
20 years$5,812$4,700$3,771$3,005$2,381$969
21 years$5,477$4,378$3,469$2,727$2,131$821
22 years$5,173$4,086$3,197$2,480$1,910$695
23 years$4,895$3,822$2,952$2,258$1,714$590
24 years$4,642$3,581$2,730$2,060$1,541$500
25 years$4,409$3,361$2,529$1,881$1,386$425
26 years$4,194$3,158$2,345$1,720$1,249$361
27 years$3,995$2,972$2,178$1,574$1,126$307
28 years$3,811$2,801$2,024$1,443$1,016$261
29 years$3,640$2,642$1,884$1,323$917$222
30 years$3,481$2,495$1,755$1,214$829$189
31 years$3,332$2,359$1,636$1,115$749$160
32 years$3,193$2,232$1,526$1,025$678$137
33 years$3,062$2,114$1,425$942$614$116
34 years$2,940$2,003$1,332$867$555$99
35 years$2,825$1,900$1,245$798$503$84
36 years$2,716$1,804$1,165$735$456$72
37 years$2,613$1,713$1,090$677$413$61
38 years$2,516$1,628$1,021$624$375$52
39 years$2,425$1,548$956$576$340$44
40 years$2,338$1,473$896$531$308$38
41 years$2,255$1,402$841$490$280$32
42 years$2,177$1,335$788$452$254$27
43 years$2,103$1,272$740$417$230$23
44 years$2,032$1,213$694$385$209$20
45 years$1,964$1,156$652$356$190$17
46 years$1,900$1,103$612$329$172$14
47 years$1,838$1,053$575$304$156$12
48 years$1,780$1,005$541$281$142$10
49 years$1,723$960$508$259$129$9
50 years$1,670$917$478$240$117$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,710,000, adding $3,688 every year, while hoping to spend $51,084 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: 67/20/13 Blend
59$1,710,000$1,710,000$1,710,000$1,710,000
60$1,888,224$1,797,594$1,771,089$2,008,928
61$2,026,470$1,831,323$1,776,068$2,123,543
62$2,177,105$1,864,993$1,779,501$2,242,429
63$2,341,338$1,898,547$1,781,283$2,371,114
64$2,520,502$1,931,923$1,781,303$2,510,553
65$2,716,061$1,965,055$1,779,445$2,661,799
66$2,929,630$1,997,872$1,775,586$2,826,011
67$3,162,982$2,030,299$1,769,599$3,004,468
68$3,418,075$2,062,252$1,761,349$3,198,579
69$3,697,059$2,093,643$1,750,695$3,409,894
70$4,002,306$2,124,378$1,737,490$3,640,125
71$4,336,425$2,154,356$1,721,579$3,891,157
72$4,702,289$2,183,468$1,702,801$4,165,066
73$5,103,063$2,211,599$1,680,985$4,464,143
74$5,542,232$2,238,623$1,655,954$4,790,911
75$6,023,633$2,264,410$1,627,523$5,148,150
76$6,551,495$2,288,817$1,595,496$5,538,927
77$7,130,472$2,311,694$1,559,670$5,966,620
78$7,765,693$2,332,879$1,519,831$6,434,954
79$8,462,805$2,352,202$1,475,758$6,948,031
80$9,228,031$2,369,480$1,427,215$7,510,378
81$10,068,224$2,384,518$1,373,960$8,126,980
82$10,990,932$2,397,109$1,315,738$8,803,334
83$12,004,473$2,407,033$1,252,281$9,545,500
84$13,118,008$2,414,056$1,183,311$10,360,153
85$14,341,629$2,417,929$1,108,536$11,254,656
86$15,686,456$2,418,388$1,027,652$12,237,122
87$17,164,737$2,415,152$940,341$13,316,493
88$18,789,969$2,407,923$846,271$14,502,627
89$20,577,018$2,396,383$745,093$15,806,389
90$22,542,266$2,380,199$636,447$17,239,754
91$24,703,761$2,359,012$519,951$18,815,923
92$27,081,387$2,332,446$395,212$20,549,445
93$29,697,053$2,300,101$261,816$22,456,356
94$32,574,898$2,261,551$119,333$24,554,335
95$35,741,519$2,216,348$0$26,862,862
96$39,226,220$2,164,016$0$29,407,952
97$43,061,292$2,104,050$0$32,226,695
98$47,282,312$2,035,916$0$35,328,677
99$51,928,482$1,959,050$0$38,742,724
100$57,042,997$1,872,854$0$42,500,603