Can I retire at age 60 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$142,862$141,589$140,348$139,136$137,953$133,912
2 years$70,724$69,406$68,130$66,892$65,692$61,654
3 years$46,681$45,358$44,085$42,859$41,678$37,769
4 years$34,662$33,343$32,082$30,877$29,725$25,975
5 years$27,452$26,141$24,897$23,717$22,596$19,016
6 years$22,647$21,346$20,121$18,966$17,880$14,472
7 years$19,217$17,927$16,720$15,593$14,541$11,305
8 years$16,645$15,366$14,180$13,081$12,063$8,998
9 years$14,646$13,379$12,213$11,142$10,159$7,261
10 years$13,047$11,793$10,648$9,604$8,656$5,922
11 years$11,740$10,499$9,374$8,359$7,444$4,869
12 years$10,652$9,423$8,319$7,332$6,451$4,029
13 years$9,732$8,516$7,433$6,473$5,626$3,352
14 years$8,943$7,741$6,678$5,746$4,931$2,800
15 years$8,261$7,071$6,030$5,124$4,342$2,347
16 years$7,665$6,488$5,467$4,588$3,837$1,973
17 years$7,139$5,975$4,975$4,123$3,402$1,663
18 years$6,672$5,521$4,541$3,715$3,025$1,404
19 years$6,255$5,117$4,157$3,357$2,697$1,187
20 years$5,880$4,755$3,815$3,040$2,409$1,005
21 years$5,541$4,429$3,509$2,759$2,155$852
22 years$5,233$4,134$3,234$2,509$1,932$723
23 years$4,953$3,867$2,986$2,285$1,734$614
24 years$4,696$3,623$2,762$2,084$1,559$522
25 years$4,460$3,400$2,558$1,903$1,403$444
26 years$4,243$3,195$2,372$1,740$1,264$378
27 years$4,042$3,007$2,203$1,593$1,139$322
28 years$3,856$2,834$2,048$1,459$1,028$274
29 years$3,683$2,673$1,906$1,338$928$233
30 years$3,522$2,525$1,775$1,228$839$199
31 years$3,371$2,387$1,655$1,128$758$169
32 years$3,230$2,258$1,544$1,037$686$144
33 years$3,098$2,139$1,442$953$621$123
34 years$2,974$2,027$1,347$877$562$105
35 years$2,858$1,922$1,259$807$509$89
36 years$2,748$1,825$1,178$744$461$76
37 years$2,644$1,733$1,103$685$418$65
38 years$2,546$1,647$1,033$632$379$55
39 years$2,453$1,566$968$582$344$47
40 years$2,365$1,490$907$537$312$40
41 years$2,282$1,418$850$496$283$34
42 years$2,203$1,351$798$457$257$29
43 years$2,127$1,287$748$422$233$25
44 years$2,055$1,227$703$390$211$21
45 years$1,987$1,170$660$360$192$18
46 years$1,922$1,116$620$333$174$16
47 years$1,860$1,065$582$307$158$13
48 years$1,800$1,017$547$284$144$11
49 years$1,743$971$514$262$130$10
50 years$1,689$927$483$242$119$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,730,000, adding $4,400 every year, while hoping to spend $52,490 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: 73/17/10 Blend
59$1,730,000$1,730,000$1,730,000$1,730,000
60$1,910,999$1,819,309$1,792,494$2,046,622
61$2,050,072$1,852,606$1,796,693$2,170,075
62$2,201,571$1,885,775$1,799,274$2,298,283
63$2,366,708$1,918,755$1,800,127$2,437,255
64$2,546,817$1,951,480$1,799,137$2,588,041
65$2,743,367$1,983,877$1,796,182$2,751,796
66$2,957,974$2,015,870$1,791,137$2,929,794
67$3,192,416$2,047,376$1,783,869$3,123,437
68$3,448,652$2,078,307$1,774,238$3,334,272
69$3,728,838$2,108,568$1,762,099$3,564,000
70$4,035,349$2,138,057$1,747,298$3,814,499
71$4,370,798$2,166,665$1,729,676$4,087,835
72$4,738,063$2,194,276$1,709,065$4,386,286
73$5,140,316$2,220,765$1,685,289$4,712,362
74$5,581,046$2,246,000$1,658,163$5,068,828
75$6,064,097$2,269,839$1,627,496$5,458,732
76$6,593,704$2,292,130$1,593,087$5,885,433
77$7,174,529$2,312,712$1,554,723$6,352,630
78$7,811,709$2,331,413$1,512,184$6,864,403
79$8,510,901$2,348,050$1,465,239$7,425,247
80$9,278,336$2,362,427$1,413,648$8,040,115
81$10,120,878$2,374,338$1,357,157$8,714,465
82$11,046,088$2,383,561$1,295,502$9,454,313
83$12,062,295$2,389,861$1,228,407$10,266,291
84$13,178,674$2,392,990$1,155,585$11,157,706
85$14,405,335$2,392,682$1,076,732$12,136,610
86$15,753,411$2,388,656$991,535$13,211,879
87$17,235,171$2,380,612$899,663$14,393,295
88$18,864,130$2,368,234$800,774$15,691,640
89$20,655,179$2,351,185$694,507$17,118,794
90$22,624,722$2,329,108$580,488$18,687,853
91$24,790,835$2,301,625$458,325$20,413,250
92$27,173,430$2,268,334$327,609$22,310,890
93$29,794,448$2,228,811$187,913$24,398,305
94$32,678,065$2,182,606$38,790$26,694,817
95$35,850,914$2,129,240$0$29,221,718
96$39,342,344$2,068,210$0$32,015,320
97$43,184,692$1,998,981$0$35,093,900
98$47,413,585$1,920,986$0$38,481,874
99$52,068,284$1,833,627$0$42,210,719
100$57,192,045$1,736,271$0$46,315,120