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

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$147,817$146,500$145,215$143,961$142,737$141,305
2 years$73,176$71,814$70,493$69,212$67,970$66,528
3 years$48,300$46,931$45,614$44,345$43,123$41,715
4 years$35,864$34,499$33,195$31,948$30,756$29,393
5 years$28,404$27,048$25,761$24,539$23,380$22,067
6 years$23,433$22,087$20,818$19,624$18,500$17,237
7 years$19,883$18,548$17,300$16,134$15,045$13,834
8 years$17,222$15,899$14,672$13,534$12,482$11,322
9 years$15,153$13,843$12,637$11,528$10,511$9,403
10 years$13,500$12,202$11,017$9,938$8,956$7,898
11 years$12,147$10,863$9,699$8,649$7,703$6,694
12 years$11,021$9,750$8,608$7,586$6,675$5,714
13 years$10,069$8,811$7,691$6,697$5,821$4,907
14 years$9,254$8,009$6,910$5,945$5,102$4,235
15 years$8,548$7,316$6,239$5,302$4,492$3,670
16 years$7,930$6,713$5,656$4,747$3,970$3,191
17 years$7,386$6,182$5,147$4,265$3,520$2,783
18 years$6,903$5,713$4,699$3,844$3,130$2,434
19 years$6,472$5,294$4,301$3,473$2,790$2,133
20 years$6,084$4,920$3,948$3,146$2,492$1,872
21 years$5,733$4,583$3,631$2,855$2,230$1,646
22 years$5,415$4,278$3,347$2,596$1,999$1,450
23 years$5,125$4,001$3,090$2,364$1,794$1,278
24 years$4,859$3,748$2,858$2,156$1,613$1,128
25 years$4,615$3,518$2,647$1,969$1,451$996
26 years$4,390$3,306$2,455$1,801$1,307$881
27 years$4,182$3,111$2,279$1,648$1,179$779
28 years$3,990$2,932$2,119$1,510$1,064$690
29 years$3,810$2,766$1,972$1,385$960$611
30 years$3,644$2,612$1,837$1,271$868$542
31 years$3,488$2,469$1,712$1,167$785$480
32 years$3,342$2,336$1,598$1,073$710$426
33 years$3,206$2,213$1,492$986$642$378
34 years$3,077$2,097$1,394$908$581$336
35 years$2,957$1,989$1,303$835$527$298
36 years$2,843$1,888$1,219$769$477$265
37 years$2,736$1,793$1,141$709$432$235
38 years$2,634$1,704$1,069$653$392$209
39 years$2,538$1,620$1,001$602$356$185
40 years$2,447$1,542$938$556$323$165
41 years$2,361$1,468$880$513$293$146
42 years$2,279$1,398$825$473$265$130
43 years$2,201$1,332$774$437$241$116
44 years$2,127$1,269$727$403$219$103
45 years$2,056$1,210$683$372$199$91
46 years$1,989$1,155$641$344$180$81
47 years$1,924$1,102$602$318$164$72
48 years$1,863$1,052$566$294$149$64
49 years$1,804$1,005$532$271$135$57
50 years$1,748$960$500$251$123$51

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 $5,853 every year, while hoping to spend $50,443 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: 58/25/17 Blend
59$1,790,000$1,790,000$1,790,000$1,790,000
60$1,978,617$1,883,747$1,856,002$2,084,291
61$2,126,765$1,922,380$1,864,507$2,195,210
62$2,288,334$1,961,215$1,871,607$2,310,041
63$2,464,638$2,000,209$1,877,200$2,434,071
64$2,657,127$2,039,315$1,881,182$2,568,196
65$2,867,394$2,078,482$1,883,442$2,713,402
66$3,097,195$2,117,654$1,883,864$2,870,776
67$3,348,461$2,156,771$1,882,325$3,041,515
68$3,623,319$2,195,768$1,878,699$3,226,941
69$3,924,113$2,234,576$1,872,850$3,428,508
70$4,253,421$2,273,118$1,864,639$3,647,820
71$4,614,083$2,311,314$1,853,918$3,886,647
72$5,009,228$2,349,077$1,840,532$4,146,937
73$5,442,299$2,386,312$1,824,320$4,430,838
74$5,917,091$2,422,918$1,805,111$4,740,720
75$6,437,781$2,458,788$1,782,730$5,079,194
76$7,008,972$2,493,806$1,756,988$5,449,138
77$7,635,732$2,527,847$1,727,692$5,853,726
78$8,323,644$2,560,780$1,694,638$6,296,456
79$9,078,860$2,592,462$1,657,612$6,781,183
80$9,908,153$2,622,741$1,616,391$7,312,161
81$10,818,986$2,651,457$1,570,742$7,894,074
82$11,819,580$2,678,436$1,520,420$8,532,090
83$12,918,993$2,703,495$1,465,169$9,231,905
84$14,127,200$2,726,437$1,404,722$9,999,797
85$15,455,195$2,747,052$1,338,801$10,842,689
86$16,915,086$2,765,119$1,267,112$11,768,210
87$18,520,215$2,780,400$1,189,350$12,784,772
88$20,285,281$2,792,643$1,105,197$13,901,649
89$22,226,477$2,801,581$1,014,319$15,129,062
90$24,361,647$2,806,927$916,368$16,478,281
91$26,710,448$2,808,380$810,979$17,961,725
92$29,294,540$2,805,617$697,773$19,593,090
93$32,137,787$2,798,297$576,353$21,387,468
94$35,266,485$2,786,057$446,305$23,361,500
95$38,709,606$2,768,512$307,195$25,533,525
96$42,499,071$2,745,255$158,572$27,923,763
97$46,670,057$2,715,853$0$30,554,498
98$51,261,319$2,679,846$0$33,450,304
99$56,315,564$2,636,749$0$36,668,948
100$61,879,848$2,586,046$0$40,211,578