Can I retire at age 60 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$147,817$146,500$145,215$143,961$142,737$138,445
2 years$73,176$71,814$70,493$69,212$67,970$63,682
3 years$48,300$46,931$45,614$44,345$43,123$38,974
4 years$35,864$34,499$33,195$31,948$30,756$26,777
5 years$28,404$27,048$25,761$24,539$23,380$19,582
6 years$23,433$22,087$20,818$19,624$18,500$14,886
7 years$19,883$18,548$17,300$16,134$15,045$11,616
8 years$17,222$15,899$14,672$13,534$12,482$9,234
9 years$15,153$13,843$12,637$11,528$10,511$7,443
10 years$13,500$12,202$11,017$9,938$8,956$6,062
11 years$12,147$10,863$9,699$8,649$7,703$4,978
12 years$11,021$9,750$8,608$7,586$6,675$4,114
13 years$10,069$8,811$7,691$6,697$5,821$3,418
14 years$9,254$8,009$6,910$5,945$5,102$2,851
15 years$8,548$7,316$6,239$5,302$4,492$2,387
16 years$7,930$6,713$5,656$4,747$3,970$2,004
17 years$7,386$6,182$5,147$4,265$3,520$1,686
18 years$6,903$5,713$4,699$3,844$3,130$1,421
19 years$6,472$5,294$4,301$3,473$2,790$1,200
20 years$6,084$4,920$3,948$3,146$2,492$1,015
21 years$5,733$4,583$3,631$2,855$2,230$859
22 years$5,415$4,278$3,347$2,596$1,999$728
23 years$5,125$4,001$3,090$2,364$1,794$617
24 years$4,859$3,748$2,858$2,156$1,613$524
25 years$4,615$3,518$2,647$1,969$1,451$445
26 years$4,390$3,306$2,455$1,801$1,307$378
27 years$4,182$3,111$2,279$1,648$1,179$321
28 years$3,990$2,932$2,119$1,510$1,064$273
29 years$3,810$2,766$1,972$1,385$960$232
30 years$3,644$2,612$1,837$1,271$868$197
31 years$3,488$2,469$1,712$1,167$785$168
32 years$3,342$2,336$1,598$1,073$710$143
33 years$3,206$2,213$1,492$986$642$122
34 years$3,077$2,097$1,394$908$581$104
35 years$2,957$1,989$1,303$835$527$88
36 years$2,843$1,888$1,219$769$477$75
37 years$2,736$1,793$1,141$709$432$64
38 years$2,634$1,704$1,069$653$392$54
39 years$2,538$1,620$1,001$602$356$46
40 years$2,447$1,542$938$556$323$39
41 years$2,361$1,468$880$513$293$34
42 years$2,279$1,398$825$473$265$29
43 years$2,201$1,332$774$437$241$24
44 years$2,127$1,269$727$403$219$21
45 years$2,056$1,210$683$372$199$18
46 years$1,989$1,155$641$344$180$15
47 years$1,924$1,102$602$318$164$13
48 years$1,863$1,052$566$294$149$11
49 years$1,804$1,005$532$271$135$9
50 years$1,748$960$500$251$123$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,790,000, adding $4,501 every year, while hoping to spend $42,108 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: 78/11/11 Blend
59$1,790,000$1,790,000$1,790,000$1,790,000
60$1,977,223$1,882,353$1,854,608$2,127,176
61$2,134,097$1,929,785$1,871,935$2,273,844
62$2,305,561$1,978,131$1,888,430$2,428,807
63$2,493,059$2,027,390$1,904,023$2,597,558
64$2,698,179$2,077,561$1,918,637$2,781,455
65$2,922,674$2,128,641$1,932,191$2,981,994
66$3,168,468$2,180,627$1,944,602$3,200,821
67$3,437,686$2,233,512$1,955,780$3,439,749
68$3,732,665$2,287,288$1,965,633$3,700,776
69$4,055,977$2,341,946$1,974,063$3,986,104
70$4,410,459$2,397,474$1,980,966$4,298,155
71$4,799,233$2,453,856$1,986,235$4,639,599
72$5,225,736$2,511,077$1,989,755$5,013,378
73$5,693,758$2,569,117$1,991,409$5,422,732
74$6,207,471$2,627,953$1,991,071$5,871,231
75$6,771,470$2,687,560$1,988,609$6,362,808
76$7,390,819$2,747,909$1,983,886$6,901,795
77$8,071,094$2,808,968$1,976,757$7,492,966
78$8,818,438$2,870,701$1,967,072$8,141,582
79$9,639,621$2,933,067$1,954,671$8,853,436
80$10,542,099$2,996,023$1,939,389$9,634,915
81$11,534,085$3,059,520$1,921,050$10,493,054
82$12,624,629$3,123,504$1,899,473$11,435,605
83$13,823,702$3,187,917$1,874,466$12,471,110
84$15,142,288$3,252,693$1,845,829$13,608,980
85$16,592,490$3,317,764$1,813,353$14,859,588
86$18,187,641$3,383,052$1,776,818$16,234,360
87$19,942,434$3,448,475$1,735,994$17,745,889
88$21,873,055$3,513,942$1,690,643$19,408,052
89$23,997,338$3,579,357$1,640,511$21,236,139
90$26,334,935$3,644,615$1,585,337$23,247,000
91$28,907,498$3,709,600$1,524,845$25,459,201
92$31,738,884$3,774,192$1,458,749$27,893,203
93$34,855,381$3,838,257$1,386,747$30,571,553
94$38,285,952$3,901,655$1,308,525$33,519,095
95$42,062,514$3,964,231$1,223,756$36,763,209
96$46,220,235$4,025,822$1,132,096$40,334,065
97$50,797,864$4,086,253$1,033,187$44,264,911
98$55,838,102$4,145,335$926,654$48,592,386
99$61,387,998$4,202,866$812,106$53,356,865
100$67,499,396$4,258,629$689,135$58,602,840