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%11.3%
1 years$141,210$139,952$138,725$137,527$136,358$135,612
2 years$69,906$68,604$67,342$66,119$64,932$64,180
3 years$46,141$44,834$43,575$42,363$41,196$40,460
4 years$34,261$32,957$31,711$30,520$29,381$28,668
5 years$27,135$25,839$24,609$23,442$22,335$21,646
6 years$22,385$21,099$19,888$18,747$17,673$17,009
7 years$18,994$17,719$16,527$15,413$14,373$13,734
8 years$16,452$15,189$14,016$12,930$11,924$11,311
9 years$14,476$13,225$12,072$11,013$10,041$9,454
10 years$12,896$11,657$10,525$9,493$8,556$7,993
11 years$11,604$10,377$9,266$8,262$7,358$6,821
12 years$10,529$9,314$8,223$7,247$6,377$5,863
13 years$9,619$8,417$7,347$6,398$5,560$5,071
14 years$8,840$7,651$6,601$5,679$4,874$4,408
15 years$8,166$6,989$5,960$5,065$4,292$3,848
16 years$7,576$6,413$5,404$4,535$3,793$3,371
17 years$7,056$5,906$4,917$4,075$3,363$2,963
18 years$6,595$5,457$4,489$3,672$2,990$2,611
19 years$6,182$5,058$4,109$3,318$2,665$2,306
20 years$5,812$4,700$3,771$3,005$2,381$2,041
21 years$5,477$4,378$3,469$2,727$2,131$1,809
22 years$5,173$4,086$3,197$2,480$1,910$1,606
23 years$4,895$3,822$2,952$2,258$1,714$1,428
24 years$4,642$3,581$2,730$2,060$1,541$1,271
25 years$4,409$3,361$2,529$1,881$1,386$1,132
26 years$4,194$3,158$2,345$1,720$1,249$1,010
27 years$3,995$2,972$2,178$1,574$1,126$901
28 years$3,811$2,801$2,024$1,443$1,016$805
29 years$3,640$2,642$1,884$1,323$917$719
30 years$3,481$2,495$1,755$1,214$829$643
31 years$3,332$2,359$1,636$1,115$749$575
32 years$3,193$2,232$1,526$1,025$678$515
33 years$3,062$2,114$1,425$942$614$461
34 years$2,940$2,003$1,332$867$555$413
35 years$2,825$1,900$1,245$798$503$370
36 years$2,716$1,804$1,165$735$456$332
37 years$2,613$1,713$1,090$677$413$297
38 years$2,516$1,628$1,021$624$375$267
39 years$2,425$1,548$956$576$340$239
40 years$2,338$1,473$896$531$308$215
41 years$2,255$1,402$841$490$280$193
42 years$2,177$1,335$788$452$254$173
43 years$2,103$1,272$740$417$230$155
44 years$2,032$1,213$694$385$209$139
45 years$1,964$1,156$652$356$190$125
46 years$1,900$1,103$612$329$172$112
47 years$1,838$1,053$575$304$156$101
48 years$1,780$1,005$541$281$142$90
49 years$1,723$960$508$259$129$81
50 years$1,670$917$478$240$117$73

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 $3,134 every year, while hoping to spend $22,633 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: 66/19/15 Blend
59$1,710,000$1,710,000$1,710,000$1,710,000
60$1,887,653$1,797,023$1,770,518$2,005,303
61$2,056,112$1,860,995$1,805,749$2,148,269
62$2,240,995$1,927,344$1,841,401$2,301,551
63$2,443,955$1,996,162$1,877,466$2,468,538
64$2,666,809$2,067,544$1,913,932$2,650,571
65$2,911,561$2,141,592$1,950,786$2,849,124
66$3,180,420$2,218,409$1,988,017$3,065,822
67$3,475,816$2,298,105$2,025,609$3,302,454
68$3,800,429$2,380,792$2,063,547$3,560,988
69$4,157,210$2,466,588$2,101,813$3,843,591
70$4,549,410$2,555,616$2,140,389$4,152,650
71$4,980,612$2,648,003$2,179,254$4,490,793
72$5,454,763$2,743,883$2,218,387$4,860,913
73$5,976,209$2,843,394$2,257,764$5,266,196
74$6,549,743$2,946,681$2,297,359$5,710,153
75$7,180,642$3,053,894$2,337,146$6,196,648
76$7,874,722$3,165,188$2,377,094$6,729,936
77$8,638,389$3,280,729$2,417,173$7,314,708
78$9,478,705$3,400,685$2,457,349$7,956,124
79$10,403,448$3,525,233$2,497,585$8,659,875
80$11,421,190$3,654,559$2,537,843$9,432,224
81$12,541,373$3,788,855$2,578,083$10,280,072
82$13,774,404$3,928,320$2,618,260$11,211,020
83$15,131,750$4,073,164$2,658,328$12,233,444
84$16,626,044$4,223,605$2,698,238$13,356,568
85$18,271,208$4,379,869$2,737,937$14,590,555
86$20,082,583$4,542,194$2,777,368$15,946,600
87$22,077,070$4,710,825$2,816,474$17,437,037
88$24,273,296$4,886,020$2,855,191$19,075,455
89$26,691,784$5,068,047$2,893,452$20,876,824
90$29,355,151$5,257,186$2,931,187$22,857,639
91$32,288,316$5,453,728$2,968,322$25,036,070
92$35,518,741$5,657,977$3,004,777$27,432,140
93$39,076,685$5,870,251$3,040,470$30,067,908
94$42,995,493$6,090,879$3,075,311$32,967,677
95$47,311,908$6,320,207$3,109,209$36,158,227
96$52,066,420$6,558,595$3,142,066$39,669,063
97$57,303,647$6,806,418$3,173,776$43,532,696
98$63,072,754$7,064,067$3,204,233$47,784,945
99$69,427,920$7,331,952$3,233,320$52,465,281
100$76,428,848$7,610,497$3,260,916$57,617,192