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%11.9%
1 years$146,165$144,863$143,593$142,353$141,142$140,018
2 years$72,359$71,011$69,705$68,439$67,211$66,077
3 years$47,760$46,407$45,104$43,849$42,641$41,534
4 years$35,463$34,114$32,824$31,591$30,412$29,340
5 years$28,087$26,746$25,473$24,265$23,119$22,084
6 years$23,171$21,840$20,586$19,405$18,293$17,297
7 years$19,661$18,341$17,107$15,954$14,877$13,921
8 years$17,030$15,722$14,508$13,383$12,342$11,425
9 years$14,984$13,689$12,496$11,400$10,394$9,516
10 years$13,349$12,066$10,894$9,827$8,856$8,017
11 years$12,012$10,741$9,591$8,552$7,616$6,816
12 years$10,898$9,641$8,512$7,501$6,600$5,837
13 years$9,957$8,713$7,605$6,623$5,756$5,029
14 years$9,150$7,920$6,833$5,879$5,045$4,355
15 years$8,452$7,235$6,169$5,243$4,442$3,786
16 years$7,842$6,638$5,593$4,694$3,926$3,304
17 years$7,304$6,113$5,090$4,218$3,481$2,891
18 years$6,826$5,649$4,646$3,801$3,095$2,537
19 years$6,399$5,235$4,253$3,435$2,759$2,231
20 years$6,016$4,865$3,904$3,111$2,464$1,966
21 years$5,669$4,531$3,590$2,823$2,205$1,735
22 years$5,354$4,230$3,309$2,567$1,977$1,534
23 years$5,067$3,956$3,055$2,338$1,774$1,357
24 years$4,805$3,707$2,826$2,132$1,595$1,202
25 years$4,563$3,478$2,617$1,947$1,435$1,066
26 years$4,341$3,269$2,427$1,780$1,293$947
27 years$4,135$3,077$2,254$1,630$1,166$841
28 years$3,945$2,899$2,095$1,493$1,052$747
29 years$3,768$2,735$1,950$1,369$950$665
30 years$3,603$2,583$1,816$1,257$858$592
31 years$3,449$2,442$1,693$1,154$776$527
32 years$3,305$2,310$1,580$1,061$702$469
33 years$3,170$2,188$1,475$975$635$418
34 years$3,043$2,074$1,378$897$575$372
35 years$2,924$1,967$1,289$826$521$332
36 years$2,811$1,867$1,205$761$472$296
37 years$2,705$1,773$1,128$701$428$264
38 years$2,605$1,685$1,057$646$388$236
39 years$2,510$1,602$990$596$352$210
40 years$2,420$1,524$928$550$319$188
41 years$2,335$1,451$870$507$289$168
42 years$2,253$1,382$816$468$263$150
43 years$2,176$1,317$766$432$238$134
44 years$2,103$1,255$719$399$216$119
45 years$2,033$1,197$675$368$196$106
46 years$1,966$1,142$634$340$178$95
47 years$1,903$1,090$596$314$162$85
48 years$1,842$1,040$560$290$147$76
49 years$1,784$993$526$268$134$68
50 years$1,728$949$495$248$121$61

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 $3,170 every year, while hoping to spend $57,817 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: 42/30/28 Blend
59$1,770,000$1,770,000$1,770,000$1,770,000
60$1,953,810$1,860,000$1,832,565$2,019,732
61$2,091,582$1,889,623$1,832,439$2,097,120
62$2,241,468$1,918,760$1,830,371$2,175,194
63$2,404,645$1,947,326$1,826,235$2,258,645
64$2,582,403$1,975,229$1,819,899$2,348,005
65$2,776,166$2,002,374$1,811,223$2,443,860
66$2,987,500$2,028,654$1,800,064$2,546,862
67$3,218,126$2,053,960$1,786,267$2,657,727
68$3,469,942$2,078,171$1,769,675$2,777,252
69$3,745,036$2,101,162$1,750,118$2,906,313
70$4,045,706$2,122,795$1,727,424$3,045,882
71$4,374,483$2,142,926$1,701,407$3,197,031
72$4,734,152$2,161,402$1,671,876$3,360,946
73$5,127,783$2,178,057$1,638,631$3,538,937
74$5,558,751$2,192,717$1,601,460$3,732,452
75$6,030,779$2,205,195$1,560,144$3,943,090
76$6,547,962$2,215,294$1,514,453$4,172,619
77$7,114,813$2,222,801$1,464,145$4,422,991
78$7,736,299$2,227,493$1,408,969$4,696,363
79$8,417,893$2,229,133$1,348,661$4,995,116
80$9,165,624$2,227,466$1,282,947$5,321,881
81$9,986,130$2,222,224$1,211,538$5,679,564
82$10,886,725$2,213,123$1,134,134$6,071,373
83$11,875,463$2,199,858$1,050,420$6,500,850
84$12,961,219$2,182,110$960,068$6,971,906
85$14,153,768$2,159,538$862,735$7,488,860
86$15,463,877$2,131,780$758,061$8,056,479
87$16,903,410$2,098,455$645,674$8,680,024
88$18,485,435$2,059,156$525,181$9,365,303
89$20,224,350$2,013,455$396,175$10,118,728
90$22,136,016$1,960,897$258,230$10,947,374
91$24,237,909$1,901,001$110,900$11,859,049
92$26,549,282$1,833,255$0$12,862,370
93$29,091,347$1,757,123$0$13,980,685
94$31,887,474$1,672,032$0$15,246,904
95$34,963,413$1,577,379$0$16,639,585
96$38,347,537$1,472,525$0$18,171,658
97$42,071,103$1,356,796$0$19,857,377
98$46,168,555$1,229,479$0$21,712,458
99$50,677,842$1,089,817$0$23,754,227
100$55,640,779$937,016$0$26,001,785