Can I retire at age 60 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$156,074$154,684$153,328$152,004$150,711$146,711
2 years$77,265$75,826$74,431$73,079$71,767$67,765
3 years$50,998$49,553$48,162$46,822$45,532$41,653
4 years$37,867$36,427$35,049$33,733$32,474$28,748
5 years$29,991$28,559$27,200$25,910$24,686$21,123
6 years$24,742$23,320$21,981$20,720$19,533$16,137
7 years$20,994$19,585$18,267$17,035$15,886$12,657
8 years$18,184$16,788$15,492$14,291$13,179$10,115
9 years$16,000$14,617$13,343$12,172$11,098$8,197
10 years$14,254$12,884$11,633$10,493$9,456$6,714
11 years$12,826$11,470$10,241$9,132$8,133$5,546
12 years$11,637$10,295$9,089$8,010$7,048$4,611
13 years$10,632$9,303$8,120$7,071$6,146$3,854
14 years$9,771$8,456$7,296$6,277$5,387$3,235
15 years$9,025$7,725$6,587$5,598$4,743$2,725
16 years$8,373$7,088$5,972$5,013$4,192$2,302
17 years$7,799$6,527$5,435$4,504$3,717$1,950
18 years$7,289$6,032$4,961$4,059$3,305$1,655
19 years$6,833$5,590$4,542$3,667$2,946$1,407
20 years$6,424$5,195$4,168$3,322$2,631$1,198
21 years$6,053$4,839$3,834$3,015$2,355$1,021
22 years$5,717$4,517$3,534$2,741$2,111$871
23 years$5,411$4,224$3,263$2,496$1,895$744
24 years$5,130$3,958$3,017$2,277$1,703$636
25 years$4,873$3,714$2,795$2,079$1,532$544
26 years$4,635$3,491$2,592$1,901$1,380$465
27 years$4,416$3,285$2,407$1,740$1,245$398
28 years$4,212$3,096$2,237$1,594$1,123$341
29 years$4,023$2,920$2,082$1,462$1,014$292
30 years$3,847$2,758$1,939$1,342$916$250
31 years$3,683$2,607$1,808$1,232$828$215
32 years$3,529$2,467$1,687$1,133$749$184
33 years$3,385$2,336$1,575$1,041$678$158
34 years$3,249$2,214$1,472$958$614$135
35 years$3,122$2,100$1,376$882$556$116
36 years$3,002$1,993$1,287$812$504$100
37 years$2,888$1,893$1,205$749$457$85
38 years$2,781$1,799$1,128$690$414$73
39 years$2,680$1,711$1,057$636$375$63
40 years$2,584$1,628$991$587$341$54
41 years$2,493$1,550$929$541$309$46
42 years$2,406$1,476$871$500$280$40
43 years$2,324$1,406$818$461$254$34
44 years$2,246$1,340$768$426$231$29
45 years$2,171$1,278$721$393$210$25
46 years$2,100$1,219$677$363$190$22
47 years$2,032$1,164$636$336$173$18
48 years$1,967$1,111$598$310$157$16
49 years$1,905$1,061$562$287$143$14
50 years$1,845$1,013$528$265$129$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,890,000, adding $6,146 every year, while hoping to spend $49,633 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: 76/10/14 Blend
59$1,890,000$1,890,000$1,890,000$1,890,000
60$2,089,120$1,988,950$1,959,655$2,241,310
61$2,249,401$2,033,599$1,972,494$2,387,243
62$2,424,367$2,078,773$1,984,100$2,540,344
63$2,615,464$2,124,444$1,994,379$2,706,819
64$2,824,283$2,170,583$2,003,232$2,887,984
65$3,052,575$2,217,158$2,010,556$3,085,288
66$3,302,271$2,264,131$2,016,242$3,300,327
67$3,575,493$2,311,464$2,020,177$3,534,859
68$3,874,579$2,359,112$2,022,239$3,790,822
69$4,202,106$2,407,028$2,022,304$4,070,348
70$4,560,908$2,455,160$2,020,238$4,375,788
71$4,954,110$2,503,452$2,015,905$4,709,732
72$5,385,149$2,551,841$2,009,158$5,075,034
73$5,857,815$2,600,262$1,999,845$5,474,836
74$6,376,279$2,648,641$1,987,807$5,912,604
75$6,945,136$2,696,902$1,972,876$6,392,153
76$7,569,450$2,744,960$1,954,877$6,917,688
77$8,254,794$2,792,723$1,933,626$7,493,844
78$9,007,311$2,840,095$1,908,930$8,125,726
79$9,833,767$2,886,970$1,880,589$8,818,962
80$10,741,614$2,933,234$1,848,392$9,579,749
81$11,739,063$2,978,766$1,812,117$10,414,922
82$12,835,158$3,023,437$1,771,534$11,332,007
83$14,039,864$3,067,105$1,726,400$12,339,301
84$15,364,160$3,109,623$1,676,464$13,445,946
85$16,820,138$3,150,828$1,621,460$14,662,017
86$18,421,125$3,190,552$1,561,111$15,998,616
87$20,181,801$3,228,609$1,495,129$17,467,976
88$22,118,339$3,264,806$1,423,211$19,083,582
89$24,248,561$3,298,933$1,345,040$20,860,290
90$26,592,102$3,330,768$1,260,286$22,814,474
91$29,170,595$3,360,074$1,168,604$24,964,178
92$32,007,876$3,386,598$1,069,633$27,329,287
93$35,130,209$3,410,071$962,995$29,931,715
94$38,566,532$3,430,207$848,298$32,795,612
95$42,348,731$3,446,700$725,128$35,947,592
96$46,511,939$3,459,226$593,058$39,416,982
97$51,094,869$3,467,440$451,637$43,236,107
98$56,140,178$3,470,976$300,399$47,440,584
99$61,694,867$3,469,445$138,853$52,069,669
100$67,810,729$3,462,433$0$57,166,622