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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$142,862$141,589$140,348$139,136$137,953$137,083
2 years$70,724$69,406$68,130$66,892$65,692$64,815
3 years$46,681$45,358$44,085$42,859$41,678$40,820
4 years$34,662$33,343$32,082$30,877$29,725$28,894
5 years$27,452$26,141$24,897$23,717$22,596$21,794
6 years$22,647$21,346$20,121$18,966$17,880$17,107
7 years$19,217$17,927$16,720$15,593$14,541$13,798
8 years$16,645$15,366$14,180$13,081$12,063$11,350
9 years$14,646$13,379$12,213$11,142$10,159$9,476
10 years$13,047$11,793$10,648$9,604$8,656$8,003
11 years$11,740$10,499$9,374$8,359$7,444$6,820
12 years$10,652$9,423$8,319$7,332$6,451$5,855
13 years$9,732$8,516$7,433$6,473$5,626$5,058
14 years$8,943$7,741$6,678$5,746$4,931$4,391
15 years$8,261$7,071$6,030$5,124$4,342$3,828
16 years$7,665$6,488$5,467$4,588$3,837$3,349
17 years$7,139$5,975$4,975$4,123$3,402$2,939
18 years$6,672$5,521$4,541$3,715$3,025$2,587
19 years$6,255$5,117$4,157$3,357$2,697$2,281
20 years$5,880$4,755$3,815$3,040$2,409$2,016
21 years$5,541$4,429$3,509$2,759$2,155$1,784
22 years$5,233$4,134$3,234$2,509$1,932$1,582
23 years$4,953$3,867$2,986$2,285$1,734$1,404
24 years$4,696$3,623$2,762$2,084$1,559$1,248
25 years$4,460$3,400$2,558$1,903$1,403$1,110
26 years$4,243$3,195$2,372$1,740$1,264$988
27 years$4,042$3,007$2,203$1,593$1,139$881
28 years$3,856$2,834$2,048$1,459$1,028$785
29 years$3,683$2,673$1,906$1,338$928$701
30 years$3,522$2,525$1,775$1,228$839$626
31 years$3,371$2,387$1,655$1,128$758$559
32 years$3,230$2,258$1,544$1,037$686$499
33 years$3,098$2,139$1,442$953$621$446
34 years$2,974$2,027$1,347$877$562$399
35 years$2,858$1,922$1,259$807$509$357
36 years$2,748$1,825$1,178$744$461$320
37 years$2,644$1,733$1,103$685$418$286
38 years$2,546$1,647$1,033$632$379$256
39 years$2,453$1,566$968$582$344$229
40 years$2,365$1,490$907$537$312$205
41 years$2,282$1,418$850$496$283$184
42 years$2,203$1,351$798$457$257$165
43 years$2,127$1,287$748$422$233$148
44 years$2,055$1,227$703$390$211$132
45 years$1,987$1,170$660$360$192$118
46 years$1,922$1,116$620$333$174$106
47 years$1,860$1,065$582$307$158$95
48 years$1,800$1,017$547$284$144$85
49 years$1,743$971$514$262$130$76
50 years$1,689$927$483$242$119$69

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 $4,925 every year, while hoping to spend $40,672 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: 30/50/20 Blend
59$1,730,000$1,730,000$1,730,000$1,730,000
60$1,911,540$1,819,850$1,793,035$1,956,773
61$2,063,243$1,865,748$1,809,827$2,037,459
62$2,229,055$1,912,532$1,825,818$2,120,204
63$2,410,375$1,960,202$1,840,939$2,208,364
64$2,608,739$2,008,758$1,855,117$2,302,430
65$2,825,840$2,058,196$1,868,273$2,402,946
66$3,063,542$2,108,514$1,880,326$2,510,509
67$3,323,898$2,159,706$1,891,192$2,625,777
68$3,609,168$2,211,764$1,900,779$2,749,475
69$3,921,842$2,264,680$1,908,994$2,882,402
70$4,264,662$2,318,441$1,915,738$3,025,438
71$4,640,648$2,373,035$1,920,905$3,179,553
72$5,053,125$2,428,444$1,924,386$3,345,815
73$5,505,757$2,484,652$1,926,067$3,525,402
74$6,002,581$2,541,636$1,925,826$3,719,612
75$6,548,040$2,599,372$1,923,537$3,929,876
76$7,147,031$2,657,833$1,919,067$4,157,772
77$7,804,950$2,716,987$1,912,277$4,405,037
78$8,527,736$2,776,802$1,903,020$4,673,587
79$9,321,938$2,837,237$1,891,144$4,965,537
80$10,194,766$2,898,252$1,876,487$5,283,214
81$11,154,165$2,959,799$1,858,882$5,629,185
82$12,208,888$3,021,828$1,838,153$6,006,283
83$13,368,578$3,084,281$1,814,115$6,417,626
84$14,643,859$3,147,097$1,786,574$6,866,655
85$16,046,438$3,210,210$1,755,329$7,357,164
86$17,589,210$3,273,545$1,720,168$7,893,333
87$19,286,384$3,337,024$1,680,869$8,479,774
88$21,153,618$3,400,561$1,637,200$9,121,568
89$23,208,160$3,464,061$1,588,919$9,824,321
90$25,469,017$3,527,425$1,535,773$10,594,210
91$27,957,130$3,590,542$1,477,495$11,438,046
92$30,695,575$3,653,296$1,413,808$12,363,340
93$33,709,775$3,715,560$1,344,423$13,378,370
94$37,027,747$3,777,197$1,269,035$14,492,265
95$40,680,358$3,838,060$1,187,329$15,715,087
96$44,701,623$3,897,993$1,098,973$17,057,930
97$49,129,020$3,956,827$1,003,620$18,533,026
98$54,003,849$4,014,380$900,910$20,153,858
99$59,371,616$4,070,459$790,465$21,935,292
100$65,282,465$4,124,856$671,890$23,893,714