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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$155,249$153,866$152,517$151,200$149,914$144,710
2 years$76,856$75,424$74,037$72,692$71,388$66,199
3 years$50,728$49,291$47,907$46,575$45,291$40,280
4 years$37,667$36,234$34,864$33,554$32,302$27,507
5 years$29,832$28,408$27,056$25,773$24,556$19,989
6 years$24,611$23,197$21,865$20,611$19,430$15,096
7 years$20,883$19,481$18,170$16,945$15,802$11,700
8 years$18,088$16,699$15,410$14,215$13,109$9,235
9 years$15,915$14,539$13,272$12,108$11,040$7,389
10 years$14,178$12,816$11,571$10,437$9,406$5,973
11 years$12,758$11,409$10,187$9,084$8,090$4,867
12 years$11,575$10,240$9,041$7,967$7,010$3,991
13 years$10,575$9,254$8,077$7,034$6,113$3,288
14 years$9,719$8,412$7,257$6,244$5,359$2,720
15 years$8,977$7,684$6,553$5,569$4,718$2,258
16 years$8,329$7,050$5,941$4,986$4,170$1,879
17 years$7,758$6,493$5,406$4,480$3,697$1,567
18 years$7,250$6,000$4,935$4,037$3,288$1,310
19 years$6,797$5,560$4,518$3,648$2,930$1,096
20 years$6,390$5,167$4,146$3,304$2,617$918
21 years$6,021$4,813$3,814$2,999$2,342$770
22 years$5,687$4,493$3,515$2,726$2,100$646
23 years$5,382$4,202$3,245$2,483$1,885$543
24 years$5,103$3,937$3,001$2,265$1,694$456
25 years$4,847$3,695$2,780$2,068$1,524$384
26 years$4,611$3,472$2,578$1,891$1,373$323
27 years$4,392$3,268$2,394$1,731$1,238$272
28 years$4,190$3,079$2,226$1,586$1,117$229
29 years$4,002$2,905$2,071$1,454$1,009$193
30 years$3,827$2,743$1,929$1,335$911$162
31 years$3,663$2,593$1,799$1,226$824$137
32 years$3,510$2,454$1,678$1,127$745$115
33 years$3,367$2,324$1,567$1,036$675$97
34 years$3,232$2,203$1,464$953$611$82
35 years$3,105$2,089$1,369$877$553$69
36 years$2,986$1,983$1,280$808$501$58
37 years$2,873$1,883$1,198$745$454$49
38 years$2,767$1,790$1,122$686$412$41
39 years$2,666$1,702$1,051$633$373$35
40 years$2,570$1,619$985$584$339$29
41 years$2,480$1,541$924$538$307$25
42 years$2,394$1,468$867$497$279$21
43 years$2,312$1,399$813$459$253$18
44 years$2,234$1,333$764$424$230$15
45 years$2,159$1,271$717$391$209$12
46 years$2,089$1,213$673$361$189$11
47 years$2,021$1,157$633$334$172$9
48 years$1,956$1,105$594$308$156$7
49 years$1,895$1,055$559$285$142$6
50 years$1,836$1,008$525$264$129$5

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 $4,252 every year, while hoping to spend $35,052 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: 76/19/5 Blend
59$1,880,000$1,880,000$1,880,000$1,880,000
60$2,076,146$1,976,506$1,947,366$2,232,993
61$2,250,618$2,036,060$1,975,308$2,396,119
62$2,441,711$2,097,357$2,003,011$2,569,916
63$2,651,084$2,160,446$2,030,430$2,759,369
64$2,880,563$2,225,376$2,057,518$2,966,013
65$3,132,159$2,292,198$2,084,223$3,191,543
66$3,408,088$2,360,965$2,110,494$3,437,820
67$3,710,791$2,431,730$2,136,273$3,706,897
68$4,042,953$2,504,546$2,161,500$4,001,032
69$4,407,537$2,579,472$2,186,113$4,322,713
70$4,807,803$2,656,563$2,210,044$4,674,678
71$5,247,343$2,735,878$2,233,225$5,059,945
72$5,730,113$2,817,478$2,255,580$5,481,836
73$6,260,474$2,901,424$2,277,031$5,944,010
74$6,843,228$2,987,779$2,297,497$6,450,497
75$7,483,664$3,076,607$2,316,889$7,005,737
76$8,187,611$3,167,973$2,335,118$7,614,620
77$8,961,490$3,261,947$2,352,087$8,282,531
78$9,812,375$3,358,595$2,367,695$9,015,405
79$10,748,059$3,457,989$2,381,836$9,819,776
80$11,777,131$3,560,200$2,394,397$10,702,847
81$12,909,050$3,665,301$2,405,261$11,672,548
82$14,154,240$3,773,368$2,414,304$12,737,619
83$15,524,186$3,884,477$2,421,397$13,907,688
84$17,031,543$3,998,706$2,426,404$15,193,361
85$18,690,253$4,116,135$2,429,180$16,606,324
86$20,515,678$4,236,845$2,429,577$18,159,452
87$22,524,745$4,360,918$2,427,436$19,866,930
88$24,736,106$4,488,440$2,422,592$21,744,388
89$27,170,312$4,619,497$2,414,872$23,809,046
90$29,850,007$4,754,175$2,404,094$26,079,878
91$32,800,143$4,892,566$2,390,066$28,577,789
92$36,048,215$5,034,758$2,372,590$31,325,815
93$39,624,517$5,180,845$2,351,456$34,349,336
94$43,562,432$5,330,921$2,326,445$37,676,319
95$47,898,746$5,485,082$2,297,326$41,337,578
96$52,673,991$5,643,424$2,263,859$45,367,070
97$57,932,833$5,806,047$2,225,794$49,802,208
98$63,724,488$5,973,050$2,182,864$54,684,220
99$70,103,192$6,144,535$2,134,796$60,058,534
100$77,128,706$6,320,605$2,081,300$65,975,209