Can I retire at age 60 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$155,249$153,866$152,517$151,200$149,914$143,966
2 years$76,856$75,424$74,037$72,692$71,388$65,469
3 years$50,728$49,291$47,907$46,575$45,291$39,588
4 years$37,667$36,234$34,864$33,554$32,302$26,858
5 years$29,832$28,408$27,056$25,773$24,556$19,384
6 years$24,611$23,197$21,865$20,611$19,430$14,535
7 years$20,883$19,481$18,170$16,945$15,802$11,181
8 years$18,088$16,699$15,410$14,215$13,109$8,758
9 years$15,915$14,539$13,272$12,108$11,040$6,952
10 years$14,178$12,816$11,571$10,437$9,406$5,573
11 years$12,758$11,409$10,187$9,084$8,090$4,503
12 years$11,575$10,240$9,041$7,967$7,010$3,660
13 years$10,575$9,254$8,077$7,034$6,113$2,989
14 years$9,719$8,412$7,257$6,244$5,359$2,451
15 years$8,977$7,684$6,553$5,569$4,718$2,015
16 years$8,329$7,050$5,941$4,986$4,170$1,661
17 years$7,758$6,493$5,406$4,480$3,697$1,372
18 years$7,250$6,000$4,935$4,037$3,288$1,136
19 years$6,797$5,560$4,518$3,648$2,930$941
20 years$6,390$5,167$4,146$3,304$2,617$781
21 years$6,021$4,813$3,814$2,999$2,342$648
22 years$5,687$4,493$3,515$2,726$2,100$538
23 years$5,382$4,202$3,245$2,483$1,885$448
24 years$5,103$3,937$3,001$2,265$1,694$372
25 years$4,847$3,695$2,780$2,068$1,524$310
26 years$4,611$3,472$2,578$1,891$1,373$258
27 years$4,392$3,268$2,394$1,731$1,238$215
28 years$4,190$3,079$2,226$1,586$1,117$179
29 years$4,002$2,905$2,071$1,454$1,009$149
30 years$3,827$2,743$1,929$1,335$911$124
31 years$3,663$2,593$1,799$1,226$824$104
32 years$3,510$2,454$1,678$1,127$745$86
33 years$3,367$2,324$1,567$1,036$675$72
34 years$3,232$2,203$1,464$953$611$60
35 years$3,105$2,089$1,369$877$553$50
36 years$2,986$1,983$1,280$808$501$42
37 years$2,873$1,883$1,198$745$454$35
38 years$2,767$1,790$1,122$686$412$29
39 years$2,666$1,702$1,051$633$373$24
40 years$2,570$1,619$985$584$339$20
41 years$2,480$1,541$924$538$307$17
42 years$2,394$1,468$867$497$279$14
43 years$2,312$1,399$813$459$253$12
44 years$2,234$1,333$764$424$230$10
45 years$2,159$1,271$717$391$209$8
46 years$2,089$1,213$673$361$189$7
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,880,000, adding $5,702 every year, while hoping to spend $30,719 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: 41/30/29 Blend
59$1,880,000$1,880,000$1,880,000$1,880,000
60$2,077,642$1,978,002$1,948,862$2,144,911
61$2,256,876$2,042,239$1,981,464$2,258,434
62$2,453,363$2,108,594$2,014,128$2,377,951
63$2,668,830$2,177,139$2,046,825$2,506,744
64$2,905,179$2,247,947$2,079,522$2,645,687
65$3,164,505$2,321,095$2,112,184$2,795,739
66$3,449,118$2,396,661$2,144,775$2,957,959
67$3,761,558$2,474,728$2,177,256$3,133,508
68$4,104,627$2,555,380$2,209,584$3,323,666
69$4,481,410$2,638,704$2,241,716$3,529,841
70$4,895,306$2,724,792$2,273,605$3,753,585
71$5,350,057$2,813,738$2,305,201$3,996,602
72$5,849,790$2,905,637$2,336,452$4,260,771
73$6,399,047$3,000,592$2,367,302$4,548,160
74$7,002,834$3,098,706$2,397,691$4,861,047
75$7,666,667$3,200,086$2,427,557$5,201,938
76$8,396,621$3,304,845$2,456,835$5,573,594
77$9,199,391$3,413,097$2,485,454$5,979,054
78$10,082,353$3,524,963$2,513,340$6,421,668
79$11,053,633$3,640,565$2,540,417$6,905,123
80$12,122,184$3,760,033$2,566,601$7,433,479
81$13,297,871$3,883,499$2,591,807$8,011,210
82$14,591,563$4,011,101$2,615,942$8,643,243
83$16,015,238$4,142,980$2,638,911$9,335,005
84$17,582,090$4,279,284$2,660,613$10,092,474
85$19,306,660$4,420,166$2,680,940$10,922,237
86$21,204,970$4,565,784$2,699,781$11,831,547
87$23,294,671$4,716,301$2,717,018$12,828,398
88$25,595,215$4,871,888$2,732,527$13,921,594
89$28,128,037$5,032,720$2,746,176$15,120,836
90$30,916,753$5,198,979$2,757,829$16,436,810
91$33,987,387$5,370,855$2,767,341$17,881,292
92$37,368,615$5,548,541$2,774,562$19,467,253
93$41,092,035$5,732,242$2,779,332$21,208,988
94$45,192,467$5,922,166$2,781,483$23,122,243
95$49,708,278$6,118,531$2,780,842$25,224,370
96$54,681,746$6,321,563$2,777,224$27,534,488
97$60,159,459$6,531,495$2,770,437$30,073,662
98$66,192,755$6,748,569$2,760,277$32,865,102
99$72,838,203$6,973,036$2,746,534$35,934,384
100$80,158,142$7,205,156$2,728,984$39,309,688