Can I retire at age 60 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$156,900$155,503$154,139$152,808$151,509$147,966
2 years$77,673$76,227$74,825$73,465$72,147$68,598
3 years$51,268$49,815$48,417$47,070$45,773$42,329
4 years$38,068$36,619$35,235$33,911$32,646$29,332
5 years$30,150$28,710$27,344$26,047$24,817$21,644
6 years$24,873$23,444$22,098$20,830$19,637$16,607
7 years$21,105$19,688$18,363$17,126$15,970$13,084
8 years$18,280$16,876$15,574$14,366$13,249$10,506
9 years$16,085$14,694$13,414$12,237$11,157$8,555
10 years$14,329$12,952$11,694$10,548$9,506$7,042
11 years$12,894$11,530$10,295$9,180$8,176$5,846
12 years$11,698$10,349$9,137$8,052$7,085$4,886
13 years$10,688$9,353$8,163$7,109$6,178$4,106
14 years$9,822$8,501$7,335$6,310$5,416$3,466
15 years$9,073$7,766$6,622$5,628$4,769$2,936
16 years$8,418$7,125$6,004$5,039$4,214$2,495
17 years$7,840$6,562$5,463$4,528$3,737$2,125
18 years$7,328$6,064$4,987$4,080$3,323$1,814
19 years$6,869$5,620$4,566$3,687$2,962$1,552
20 years$6,457$5,222$4,190$3,339$2,645$1,329
21 years$6,085$4,864$3,854$3,031$2,367$1,140
22 years$5,747$4,540$3,552$2,755$2,122$979
23 years$5,439$4,247$3,280$2,509$1,905$841
24 years$5,157$3,979$3,033$2,289$1,712$723
25 years$4,898$3,734$2,809$2,090$1,541$623
26 years$4,660$3,509$2,606$1,911$1,388$536
27 years$4,439$3,303$2,420$1,749$1,251$462
28 years$4,235$3,112$2,249$1,603$1,129$398
29 years$4,045$2,936$2,093$1,470$1,019$343
30 years$3,868$2,773$1,950$1,349$921$296
31 years$3,702$2,621$1,818$1,239$833$256
32 years$3,548$2,480$1,696$1,139$753$221
33 years$3,403$2,349$1,583$1,047$682$190
34 years$3,266$2,226$1,479$963$617$164
35 years$3,138$2,111$1,383$887$559$142
36 years$3,018$2,004$1,294$817$507$123
37 years$2,904$1,903$1,211$752$459$106
38 years$2,796$1,809$1,134$694$416$91
39 years$2,694$1,720$1,063$640$377$79
40 years$2,598$1,636$996$590$342$68
41 years$2,506$1,558$934$544$311$59
42 years$2,419$1,484$876$502$282$51
43 years$2,336$1,414$822$464$256$44
44 years$2,257$1,347$772$428$232$38
45 years$2,182$1,285$725$395$211$33
46 years$2,111$1,226$681$365$191$28
47 years$2,043$1,170$639$337$174$25
48 years$1,977$1,117$601$312$158$21
49 years$1,915$1,066$565$288$143$18
50 years$1,855$1,019$531$266$130$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,900,000, adding $5,063 every year, while hoping to spend $58,222 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: 57/16/27 Blend
59$1,900,000$1,900,000$1,900,000$1,900,000
60$2,099,022$1,998,322$1,968,872$2,202,891
61$2,251,175$2,034,293$1,972,882$2,310,659
62$2,416,896$2,070,074$1,975,074$2,421,519
63$2,597,507$2,105,595$1,975,327$2,541,152
64$2,794,465$2,140,781$1,973,513$2,670,424
65$3,009,370$2,175,550$1,969,496$2,810,290
66$3,243,987$2,209,813$1,963,135$2,961,803
67$3,500,256$2,243,476$1,954,282$3,126,127
68$3,780,315$2,276,439$1,942,783$3,304,543
69$4,086,514$2,308,592$1,928,474$3,498,464
70$4,421,445$2,339,819$1,911,184$3,709,452
71$4,787,960$2,369,997$1,890,736$3,939,227
72$5,189,198$2,398,993$1,866,941$4,189,688
73$5,628,617$2,426,665$1,839,605$4,462,927
74$6,110,026$2,452,862$1,808,522$4,761,255
75$6,637,619$2,477,422$1,773,478$5,087,219
76$7,216,014$2,500,174$1,734,247$5,443,629
77$7,850,297$2,520,932$1,690,594$5,833,585
78$8,546,073$2,539,503$1,642,274$6,260,503
79$9,309,511$2,555,678$1,589,030$6,728,154
80$10,147,410$2,569,235$1,530,591$7,240,697
81$11,067,257$2,579,939$1,466,677$7,802,715
82$12,077,300$2,587,538$1,396,993$8,419,266
83$13,186,625$2,591,768$1,321,233$9,095,927
84$14,405,240$2,592,344$1,239,073$9,838,848
85$15,744,172$2,588,966$1,150,179$10,654,811
86$17,215,567$2,581,315$1,054,200$11,551,295
87$18,832,807$2,569,051$950,768$12,536,545
88$20,610,635$2,551,817$839,500$13,619,657
89$22,565,293$2,529,229$719,997$14,810,656
90$24,714,676$2,500,885$591,841$16,120,600
91$27,078,500$2,466,355$454,594$17,561,679
92$29,678,486$2,425,185$307,802$19,147,333
93$32,538,567$2,376,894$150,988$20,892,384
94$35,685,111$2,320,973$0$22,813,171
95$39,147,173$2,256,881$0$24,932,421
96$42,956,764$2,184,047$0$27,312,010
97$47,149,155$2,101,867$0$29,930,447
98$51,763,210$2,009,700$0$32,812,035
99$56,841,752$1,906,870$0$35,983,557
100$62,431,964$1,792,659$0$39,474,529