Can I retire at age 60 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$154,423$153,047$151,705$150,395$149,116$146,586
2 years$76,447$75,023$73,643$72,306$71,008$68,466
3 years$50,458$49,028$47,652$46,327$45,050$42,576
4 years$37,467$36,041$34,679$33,376$32,130$29,744
5 years$29,674$28,257$26,912$25,636$24,425$22,132
6 years$24,480$23,074$21,749$20,501$19,327$17,130
7 years$20,772$19,377$18,073$16,855$15,718$13,619
8 years$17,992$16,610$15,328$14,139$13,039$11,037
9 years$15,831$14,462$13,202$12,044$10,981$9,074
10 years$14,103$12,747$11,510$10,382$9,356$7,544
11 years$12,690$11,348$10,133$9,035$8,047$6,326
12 years$11,514$10,186$8,993$7,925$6,973$5,342
13 years$10,519$9,205$8,034$6,997$6,081$4,537
14 years$9,667$8,367$7,219$6,211$5,330$3,871
15 years$8,930$7,643$6,518$5,539$4,693$3,316
16 years$8,285$7,013$5,909$4,960$4,148$2,850
17 years$7,716$6,458$5,377$4,456$3,678$2,456
18 years$7,212$5,968$4,909$4,016$3,270$2,121
19 years$6,761$5,531$4,494$3,629$2,915$1,836
20 years$6,356$5,140$4,124$3,286$2,604$1,592
21 years$5,989$4,787$3,793$2,983$2,330$1,382
22 years$5,657$4,469$3,496$2,712$2,088$1,201
23 years$5,354$4,180$3,228$2,470$1,875$1,045
24 years$5,076$3,916$2,985$2,253$1,685$910
25 years$4,821$3,675$2,765$2,057$1,516$793
26 years$4,586$3,454$2,564$1,881$1,366$692
27 years$4,369$3,251$2,381$1,722$1,231$604
28 years$4,168$3,063$2,214$1,577$1,111$528
29 years$3,981$2,890$2,060$1,447$1,003$461
30 years$3,807$2,729$1,919$1,328$907$403
31 years$3,644$2,580$1,789$1,219$820$352
32 years$3,492$2,441$1,669$1,121$741$308
33 years$3,349$2,312$1,558$1,030$671$269
34 years$3,215$2,191$1,456$948$607$236
35 years$3,089$2,078$1,361$873$550$206
36 years$2,970$1,972$1,274$804$499$181
37 years$2,858$1,873$1,192$741$452$158
38 years$2,752$1,780$1,116$683$410$138
39 years$2,652$1,693$1,046$629$371$121
40 years$2,557$1,611$980$581$337$106
41 years$2,466$1,533$919$536$306$93
42 years$2,381$1,460$862$494$277$81
43 years$2,299$1,391$809$456$252$71
44 years$2,222$1,326$759$421$228$63
45 years$2,148$1,265$713$389$207$55
46 years$2,078$1,206$670$359$188$48
47 years$2,010$1,151$629$332$171$42
48 years$1,946$1,099$591$307$155$37
49 years$1,885$1,049$556$284$141$32
50 years$1,826$1,002$523$262$128$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,870,000, adding $2,153 every year, while hoping to spend $25,675 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: 32/42/26 Blend
59$1,870,000$1,870,000$1,870,000$1,870,000
60$2,062,961$1,963,851$1,934,866$2,112,496
61$2,246,065$2,032,762$1,972,366$2,219,333
62$2,446,985$2,104,188$2,010,262$2,331,891
63$2,667,511$2,178,227$2,048,539$2,452,618
64$2,909,616$2,254,979$2,087,184$2,582,249
65$3,175,470$2,334,547$2,126,178$2,721,593
66$3,467,468$2,417,039$2,165,505$2,871,535
67$3,788,245$2,502,569$2,205,144$3,033,050
68$4,140,704$2,591,253$2,245,075$3,207,208
69$4,528,045$2,683,214$2,285,274$3,395,184
70$4,953,792$2,778,577$2,325,717$3,598,270
71$5,421,827$2,877,476$2,366,377$3,817,888
72$5,936,429$2,980,048$2,407,226$4,055,597
73$6,502,309$3,086,435$2,448,233$4,313,115
74$7,124,661$3,196,787$2,489,365$4,592,330
75$7,809,205$3,311,258$2,530,587$4,895,318
76$8,562,244$3,430,010$2,571,862$5,224,363
77$9,390,723$3,553,210$2,613,149$5,581,976
78$10,302,294$3,681,034$2,654,406$5,970,923
79$11,305,386$3,813,663$2,695,588$6,394,243
80$12,409,290$3,951,288$2,736,645$6,855,284
81$13,624,241$4,094,104$2,777,526$7,357,728
82$14,961,517$4,242,319$2,818,176$7,905,627
83$16,433,545$4,396,145$2,858,538$8,503,444
84$18,054,017$4,555,807$2,898,550$9,156,088
85$19,838,021$4,721,536$2,938,145$9,868,965
86$21,802,182$4,893,574$2,977,256$10,648,025
87$23,964,819$5,072,174$3,015,809$11,499,819
88$26,346,118$5,257,597$3,053,725$12,431,562
89$28,968,321$5,450,119$3,090,924$13,451,196
90$31,855,938$5,650,023$3,127,319$14,567,466
91$35,035,977$5,857,607$3,162,817$15,790,002
92$38,538,198$6,073,181$3,197,322$17,129,410
93$42,395,395$6,297,067$3,230,733$18,597,368
94$46,643,704$6,529,603$3,262,942$20,206,741
95$51,322,946$6,771,137$3,293,835$21,971,694
96$56,477,001$7,022,037$3,323,292$23,907,830
97$62,154,221$7,282,684$3,351,189$26,032,334
98$68,407,890$7,553,473$3,377,392$28,364,136
99$75,296,722$7,834,821$3,401,762$30,924,087
100$82,885,419$8,127,158$3,424,152$33,735,152