Can I retire at age 60 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$146,991$145,681$144,404$143,157$141,940$140,224
2 years$72,768$71,412$70,099$68,826$67,590$65,864
3 years$48,030$46,669$45,359$44,097$42,882$41,198
4 years$35,663$34,307$33,010$31,770$30,584$28,956
5 years$28,246$26,897$25,617$24,402$23,249$21,682
6 years$23,302$21,963$20,702$19,515$18,396$16,891
7 years$19,772$18,445$17,204$16,044$14,961$13,519
8 years$17,126$15,810$14,590$13,459$12,412$11,032
9 years$15,069$13,766$12,566$11,464$10,453$9,135
10 years$13,424$12,134$10,956$9,882$8,906$7,650
11 years$12,079$10,802$9,645$8,600$7,660$6,463
12 years$10,960$9,695$8,560$7,544$6,638$5,500
13 years$10,013$8,762$7,648$6,660$5,788$4,708
14 years$9,202$7,964$6,871$5,912$5,074$4,050
15 years$8,500$7,275$6,204$5,272$4,467$3,498
16 years$7,886$6,675$5,625$4,721$3,948$3,031
17 years$7,345$6,148$5,118$4,242$3,501$2,634
18 years$6,865$5,681$4,672$3,823$3,113$2,295
19 years$6,436$5,265$4,277$3,454$2,774$2,004
20 years$6,050$4,892$3,926$3,128$2,478$1,753
21 years$5,701$4,557$3,611$2,839$2,218$1,535
22 years$5,384$4,254$3,328$2,581$1,988$1,347
23 years$5,096$3,978$3,073$2,351$1,784$1,183
24 years$4,832$3,728$2,842$2,144$1,604$1,040
25 years$4,589$3,498$2,632$1,958$1,443$915
26 years$4,366$3,288$2,441$1,790$1,300$806
27 years$4,159$3,094$2,267$1,639$1,172$710
28 years$3,967$2,916$2,107$1,502$1,058$626
29 years$3,789$2,750$1,961$1,377$955$553
30 years$3,623$2,598$1,827$1,264$863$488
31 years$3,468$2,456$1,703$1,161$780$431
32 years$3,324$2,323$1,589$1,067$706$380
33 years$3,188$2,200$1,483$981$639$336
34 years$3,060$2,085$1,386$902$578$297
35 years$2,940$1,978$1,296$831$524$263
36 years$2,827$1,877$1,212$765$475$232
37 years$2,720$1,783$1,135$705$430$205
38 years$2,619$1,695$1,063$650$390$182
39 years$2,524$1,611$995$599$354$161
40 years$2,434$1,533$933$553$321$142
41 years$2,348$1,459$875$510$291$126
42 years$2,266$1,390$821$471$264$111
43 years$2,189$1,324$770$434$240$99
44 years$2,115$1,262$723$401$217$87
45 years$2,045$1,204$679$370$197$77
46 years$1,978$1,148$638$342$179$68
47 years$1,914$1,096$599$316$163$61
48 years$1,852$1,046$563$292$148$54
49 years$1,794$999$529$270$134$47
50 years$1,738$954$497$250$122$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,780,000, adding $3,997 every year, while hoping to spend $23,174 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: 48/44/8 Blend
59$1,780,000$1,780,000$1,780,000$1,780,000
60$1,965,683$1,871,343$1,843,753$2,055,644
61$2,141,526$1,938,382$1,880,862$2,184,775
62$2,334,528$2,007,929$1,918,437$2,322,129
63$2,546,415$2,080,083$1,956,470$2,470,716
64$2,779,088$2,154,945$1,994,950$2,631,586
65$3,034,641$2,232,624$2,033,867$2,805,897
66$3,315,381$2,313,230$2,073,209$2,994,919
67$3,623,850$2,396,878$2,112,962$3,200,049
68$3,962,848$2,483,690$2,153,110$3,422,821
69$4,335,458$2,573,790$2,193,639$3,664,925
70$4,745,079$2,667,310$2,234,530$3,928,217
71$5,195,454$2,764,385$2,275,764$4,214,738
72$5,690,708$2,865,158$2,317,321$4,526,735
73$6,235,387$2,969,777$2,359,177$4,866,676
74$6,834,495$3,078,395$2,401,308$5,237,280
75$7,493,550$3,191,173$2,443,688$5,641,536
76$8,218,629$3,308,278$2,486,289$6,082,735
77$9,016,430$3,429,884$2,529,081$6,564,497
78$9,894,331$3,556,173$2,572,030$7,090,806
79$10,860,462$3,687,335$2,615,102$7,666,047
80$11,923,781$3,823,566$2,658,260$8,295,047
81$13,094,158$3,965,073$2,701,463$8,983,118
82$14,382,470$4,112,069$2,744,670$9,736,109
83$15,800,699$4,264,778$2,787,834$10,560,458
84$17,362,052$4,423,433$2,830,907$11,463,253
85$19,081,077$4,588,277$2,873,838$12,452,300
86$20,973,808$4,759,563$2,916,573$13,536,191
87$23,057,911$4,937,557$2,959,053$14,724,388
88$25,352,853$5,122,532$3,001,216$16,027,311
89$27,880,084$5,314,776$3,042,997$17,456,434
90$30,663,242$5,514,590$3,084,327$19,024,392
91$33,728,373$5,722,285$3,125,133$20,745,101
92$37,104,178$5,938,188$3,165,335$22,633,887
93$40,822,284$6,162,639$3,204,854$24,707,630
94$44,917,541$6,395,992$3,243,601$26,984,920
95$49,428,353$6,638,619$3,281,484$29,486,237
96$54,397,039$6,890,905$3,318,407$32,234,133
97$59,870,230$7,153,253$3,354,267$35,253,455
98$65,899,315$7,426,083$3,388,957$38,571,570
99$72,540,920$7,709,836$3,422,361$42,218,623
100$79,857,444$8,004,969$3,454,361$46,227,824