Can I retire at age 60 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$146,165$144,863$143,593$142,353$141,142$136,297
2 years$72,359$71,011$69,705$68,439$67,211$62,379
3 years$47,760$46,407$45,104$43,849$42,641$37,974
4 years$35,463$34,114$32,824$31,591$30,412$25,945
5 years$28,087$26,746$25,473$24,265$23,119$18,864
6 years$23,171$21,840$20,586$19,405$18,293$14,254
7 years$19,661$18,341$17,107$15,954$14,877$11,054
8 years$17,030$15,722$14,508$13,383$12,342$8,730
9 years$14,984$13,689$12,496$11,400$10,394$6,990
10 years$13,349$12,066$10,894$9,827$8,856$5,654
11 years$12,012$10,741$9,591$8,552$7,616$4,610
12 years$10,898$9,641$8,512$7,501$6,600$3,782
13 years$9,957$8,713$7,605$6,623$5,756$3,119
14 years$9,150$7,920$6,833$5,879$5,045$2,582
15 years$8,452$7,235$6,169$5,243$4,442$2,145
16 years$7,842$6,638$5,593$4,694$3,926$1,786
17 years$7,304$6,113$5,090$4,218$3,481$1,491
18 years$6,826$5,649$4,646$3,801$3,095$1,246
19 years$6,399$5,235$4,253$3,435$2,759$1,044
20 years$6,016$4,865$3,904$3,111$2,464$875
21 years$5,669$4,531$3,590$2,823$2,205$735
22 years$5,354$4,230$3,309$2,567$1,977$617
23 years$5,067$3,956$3,055$2,338$1,774$519
24 years$4,805$3,707$2,826$2,132$1,595$436
25 years$4,563$3,478$2,617$1,947$1,435$367
26 years$4,341$3,269$2,427$1,780$1,293$309
27 years$4,135$3,077$2,254$1,630$1,166$260
28 years$3,945$2,899$2,095$1,493$1,052$219
29 years$3,768$2,735$1,950$1,369$950$185
30 years$3,603$2,583$1,816$1,257$858$156
31 years$3,449$2,442$1,693$1,154$776$131
32 years$3,305$2,310$1,580$1,061$702$111
33 years$3,170$2,188$1,475$975$635$93
34 years$3,043$2,074$1,378$897$575$79
35 years$2,924$1,967$1,289$826$521$66
36 years$2,811$1,867$1,205$761$472$56
37 years$2,705$1,773$1,128$701$428$47
38 years$2,605$1,685$1,057$646$388$40
39 years$2,510$1,602$990$596$352$34
40 years$2,420$1,524$928$550$319$28
41 years$2,335$1,451$870$507$289$24
42 years$2,253$1,382$816$468$263$20
43 years$2,176$1,317$766$432$238$17
44 years$2,103$1,255$719$399$216$14
45 years$2,033$1,197$675$368$196$12
46 years$1,966$1,142$634$340$178$10
47 years$1,903$1,090$596$314$162$9
48 years$1,842$1,040$560$290$147$7
49 years$1,784$993$526$268$134$6
50 years$1,728$949$495$248$121$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,770,000, adding $6,422 every year, while hoping to spend $39,007 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: 69/20/11 Blend
59$1,770,000$1,770,000$1,770,000$1,770,000
60$1,957,164$1,863,354$1,835,919$2,087,281
61$2,115,292$1,913,156$1,855,919$2,224,277
62$2,288,241$1,964,090$1,875,282$2,368,781
63$2,477,483$2,016,171$1,893,945$2,525,838
64$2,684,636$2,069,413$1,911,842$2,696,674
65$2,911,484$2,123,830$1,928,904$2,882,642
66$3,159,990$2,179,433$1,945,058$3,085,227
67$3,432,318$2,236,233$1,960,225$3,306,068
68$3,730,848$2,294,242$1,974,327$3,546,970
69$4,058,204$2,353,470$1,987,276$3,809,919
70$4,417,275$2,413,924$1,998,984$4,097,104
71$4,811,242$2,475,611$2,009,355$4,410,936
72$5,243,612$2,538,539$2,018,292$4,754,069
73$5,718,244$2,602,712$2,025,688$5,129,428
74$6,239,393$2,668,132$2,031,436$5,540,236
75$6,811,741$2,734,801$2,035,420$5,990,043
76$7,440,451$2,802,719$2,037,519$6,482,759
77$8,131,208$2,871,883$2,037,607$7,022,691
78$8,890,275$2,942,288$2,035,550$7,614,588
79$9,724,551$3,013,929$2,031,209$8,263,677
80$10,641,639$3,086,795$2,024,438$8,975,722
81$11,649,913$3,160,875$2,015,084$9,757,069
82$12,758,600$3,236,154$2,002,985$10,614,715
83$13,977,866$3,312,614$1,987,974$11,556,365
84$15,318,910$3,390,234$1,969,873$12,590,512
85$16,794,073$3,468,989$1,948,498$13,726,513
86$18,416,951$3,548,851$1,923,654$14,974,678
87$20,202,523$3,629,788$1,895,140$16,346,369
88$22,167,295$3,711,763$1,862,742$17,854,103
89$24,329,454$3,794,734$1,826,239$19,511,676
90$26,709,037$3,878,655$1,785,397$21,334,289
91$29,328,125$3,963,475$1,739,973$23,338,691
92$32,211,044$4,049,136$1,689,713$25,543,341
93$35,384,602$4,135,575$1,634,350$27,968,579
94$38,878,336$4,222,723$1,573,605$30,636,817
95$42,724,792$4,310,502$1,507,187$33,572,757
96$46,959,835$4,398,830$1,434,791$36,803,614
97$51,622,980$4,487,616$1,356,099$40,359,382
98$56,757,774$4,576,758$1,270,778$44,273,114
99$62,412,198$4,666,151$1,178,480$48,581,232
100$68,639,125$4,755,675$1,078,842$53,323,874