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%15.2%
1 years$155,249$153,866$152,517$151,200$149,914$146,707
2 years$76,856$75,424$74,037$72,692$71,388$68,172
3 years$50,728$49,291$47,907$46,575$45,291$42,168
4 years$37,667$36,234$34,864$33,554$32,302$29,295
5 years$29,832$28,408$27,056$25,773$24,556$21,673
6 years$24,611$23,197$21,865$20,611$19,430$16,675
7 years$20,883$19,481$18,170$16,945$15,802$13,175
8 years$18,088$16,699$15,410$14,215$13,109$10,609
9 years$15,915$14,539$13,272$12,108$11,040$8,666
10 years$14,178$12,816$11,571$10,437$9,406$7,155
11 years$12,758$11,409$10,187$9,084$8,090$5,959
12 years$11,575$10,240$9,041$7,967$7,010$4,997
13 years$10,575$9,254$8,077$7,034$6,113$4,213
14 years$9,719$8,412$7,257$6,244$5,359$3,568
15 years$8,977$7,684$6,553$5,569$4,718$3,033
16 years$8,329$7,050$5,941$4,986$4,170$2,587
17 years$7,758$6,493$5,406$4,480$3,697$2,211
18 years$7,250$6,000$4,935$4,037$3,288$1,895
19 years$6,797$5,560$4,518$3,648$2,930$1,627
20 years$6,390$5,167$4,146$3,304$2,617$1,398
21 years$6,021$4,813$3,814$2,999$2,342$1,204
22 years$5,687$4,493$3,515$2,726$2,100$1,038
23 years$5,382$4,202$3,245$2,483$1,885$895
24 years$5,103$3,937$3,001$2,265$1,694$773
25 years$4,847$3,695$2,780$2,068$1,524$668
26 years$4,611$3,472$2,578$1,891$1,373$578
27 years$4,392$3,268$2,394$1,731$1,238$500
28 years$4,190$3,079$2,226$1,586$1,117$432
29 years$4,002$2,905$2,071$1,454$1,009$374
30 years$3,827$2,743$1,929$1,335$911$324
31 years$3,663$2,593$1,799$1,226$824$281
32 years$3,510$2,454$1,678$1,127$745$244
33 years$3,367$2,324$1,567$1,036$675$211
34 years$3,232$2,203$1,464$953$611$183
35 years$3,105$2,089$1,369$877$553$159
36 years$2,986$1,983$1,280$808$501$138
37 years$2,873$1,883$1,198$745$454$119
38 years$2,767$1,790$1,122$686$412$104
39 years$2,666$1,702$1,051$633$373$90
40 years$2,570$1,619$985$584$339$78
41 years$2,480$1,541$924$538$307$68
42 years$2,394$1,468$867$497$279$59
43 years$2,312$1,399$813$459$253$51
44 years$2,234$1,333$764$424$230$44
45 years$2,159$1,271$717$391$209$38
46 years$2,089$1,213$673$361$189$33
47 years$2,021$1,157$633$334$172$29
48 years$1,956$1,105$594$308$156$25
49 years$1,895$1,055$559$285$142$22
50 years$1,836$1,008$525$264$129$19

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 $6,585 every year, while hoping to spend $37,067 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: 49/45/6 Blend
59$1,880,000$1,880,000$1,880,000$1,880,000
60$2,078,552$1,978,912$1,949,772$2,176,925
61$2,251,126$2,036,440$1,975,651$2,302,295
62$2,440,059$2,095,544$2,001,154$2,433,889
63$2,646,983$2,156,263$2,026,230$2,575,935
64$2,873,690$2,218,636$2,050,824$2,729,418
65$3,122,158$2,282,701$2,074,878$2,895,421
66$3,394,564$2,348,498$2,098,332$3,075,133
67$3,693,304$2,416,070$2,121,121$3,269,864
68$4,021,020$2,485,455$2,143,177$3,481,056
69$4,380,619$2,556,698$2,164,428$3,710,294
70$4,775,304$2,629,838$2,184,799$3,959,324
71$5,208,606$2,704,921$2,204,210$4,230,066
72$5,684,410$2,781,988$2,222,578$4,524,634
73$6,206,998$2,861,084$2,239,813$4,845,357
74$6,781,089$2,942,254$2,255,823$5,194,797
75$7,411,877$3,025,541$2,270,510$5,575,774
76$8,105,088$3,110,992$2,283,771$5,991,396
77$8,867,028$3,198,652$2,295,499$6,445,081
78$9,704,645$3,288,567$2,305,579$6,940,598
79$10,625,595$3,380,782$2,313,891$7,482,094
80$11,638,310$3,475,345$2,320,311$8,074,138
81$12,752,083$3,572,302$2,324,707$8,721,760
82$13,977,150$3,671,700$2,326,940$9,430,502
83$15,324,792$3,773,585$2,326,864$10,206,468
84$16,807,435$3,878,006$2,324,329$11,056,382
85$18,438,772$3,985,007$2,319,173$11,987,650
86$20,233,891$4,094,636$2,311,229$13,008,429
87$22,209,414$4,206,940$2,300,322$14,127,709
88$24,383,658$4,321,964$2,286,266$15,355,388
89$26,776,805$4,439,754$2,268,870$16,702,376
90$29,411,093$4,560,355$2,247,930$18,180,689
91$32,311,023$4,683,811$2,223,235$19,803,566
92$35,503,597$4,810,168$2,194,563$21,585,594
93$39,018,564$4,939,466$2,161,681$23,542,843
94$42,888,706$5,071,748$2,124,346$25,693,019
95$47,150,145$5,207,055$2,082,303$28,055,631
96$51,842,685$5,345,426$2,035,285$30,652,176
97$57,010,186$5,486,899$1,983,014$33,506,336
98$62,700,978$5,631,509$1,925,197$36,644,209
99$68,968,316$5,779,292$1,861,530$40,094,549
100$75,870,886$5,930,279$1,791,693$43,889,040