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

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$156,900$155,503$154,139$152,808$151,509$149,802
2 years$77,673$76,227$74,825$73,465$72,147$70,429
3 years$51,268$49,815$48,417$47,070$45,773$44,097
4 years$38,068$36,619$35,235$33,911$32,646$31,024
5 years$30,150$28,710$27,344$26,047$24,817$23,255
6 years$24,873$23,444$22,098$20,830$19,637$18,136
7 years$21,105$19,688$18,363$17,126$15,970$14,531
8 years$18,280$16,876$15,574$14,366$13,249$11,872
9 years$16,085$14,694$13,414$12,237$11,157$9,842
10 years$14,329$12,952$11,694$10,548$9,506$8,252
11 years$12,894$11,530$10,295$9,180$8,176$6,981
12 years$11,698$10,349$9,137$8,052$7,085$5,948
13 years$10,688$9,353$8,163$7,109$6,178$5,098
14 years$9,822$8,501$7,335$6,310$5,416$4,391
15 years$9,073$7,766$6,622$5,628$4,769$3,798
16 years$8,418$7,125$6,004$5,039$4,214$3,295
17 years$7,840$6,562$5,463$4,528$3,737$2,868
18 years$7,328$6,064$4,987$4,080$3,323$2,502
19 years$6,869$5,620$4,566$3,687$2,962$2,188
20 years$6,457$5,222$4,190$3,339$2,645$1,917
21 years$6,085$4,864$3,854$3,031$2,367$1,682
22 years$5,747$4,540$3,552$2,755$2,122$1,477
23 years$5,439$4,247$3,280$2,509$1,905$1,299
24 years$5,157$3,979$3,033$2,289$1,712$1,144
25 years$4,898$3,734$2,809$2,090$1,541$1,008
26 years$4,660$3,509$2,606$1,911$1,388$889
27 years$4,439$3,303$2,420$1,749$1,251$785
28 years$4,235$3,112$2,249$1,603$1,129$693
29 years$4,045$2,936$2,093$1,470$1,019$613
30 years$3,868$2,773$1,950$1,349$921$542
31 years$3,702$2,621$1,818$1,239$833$479
32 years$3,548$2,480$1,696$1,139$753$424
33 years$3,403$2,349$1,583$1,047$682$375
34 years$3,266$2,226$1,479$963$617$332
35 years$3,138$2,111$1,383$887$559$294
36 years$3,018$2,004$1,294$817$507$261
37 years$2,904$1,903$1,211$752$459$231
38 years$2,796$1,809$1,134$694$416$205
39 years$2,694$1,720$1,063$640$377$181
40 years$2,598$1,636$996$590$342$161
41 years$2,506$1,558$934$544$311$142
42 years$2,419$1,484$876$502$282$126
43 years$2,336$1,414$822$464$256$112
44 years$2,257$1,347$772$428$232$99
45 years$2,182$1,285$725$395$211$88
46 years$2,111$1,226$681$365$191$78
47 years$2,043$1,170$639$337$174$69
48 years$1,977$1,117$601$312$158$61
49 years$1,915$1,066$565$288$143$54
50 years$1,855$1,019$531$266$130$48

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 $2,000 every year, while hoping to spend $39,158 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: 42/45/13 Blend
59$1,900,000$1,900,000$1,900,000$1,900,000
60$2,095,863$1,995,163$1,965,713$2,175,826
61$2,267,977$2,051,262$1,989,901$2,288,247
62$2,456,335$2,108,798$2,013,586$2,405,859
63$2,662,551$2,167,799$2,036,711$2,532,356
64$2,888,405$2,228,295$2,059,215$2,668,568
65$3,135,855$2,290,314$2,081,032$2,815,405
66$3,407,060$2,353,887$2,102,094$2,973,872
67$3,704,395$2,419,043$2,122,329$3,145,072
68$4,030,477$2,485,810$2,141,661$3,330,220
69$4,388,190$2,554,218$2,160,010$3,530,654
70$4,780,706$2,624,296$2,177,292$3,747,845
71$5,211,525$2,696,073$2,193,418$3,983,414
72$5,684,497$2,769,578$2,208,294$4,239,145
73$6,203,867$2,844,838$2,221,823$4,517,003
74$6,774,308$2,921,882$2,233,901$4,819,149
75$7,400,970$3,000,737$2,244,419$5,147,966
76$8,089,526$3,081,430$2,253,264$5,506,076
77$8,846,225$3,163,986$2,260,315$5,896,370
78$9,677,951$3,248,433$2,265,447$6,322,027
79$10,592,289$3,334,794$2,268,527$6,786,554
80$11,597,597$3,423,093$2,269,416$7,293,811
81$12,703,080$3,513,353$2,267,970$7,848,049
82$13,918,882$3,605,595$2,264,035$8,453,954
83$15,256,178$3,699,839$2,257,451$9,116,686
84$16,727,283$3,796,106$2,248,049$9,841,931
85$18,345,761$3,894,411$2,235,655$10,635,953
86$20,126,562$3,994,770$2,220,082$11,505,653
87$22,086,155$4,097,197$2,201,138$12,458,633
88$24,242,686$4,201,703$2,178,620$13,503,273
89$26,616,152$4,308,299$2,152,316$14,648,802
90$29,228,584$4,416,990$2,122,003$15,905,391
91$32,104,258$4,527,780$2,087,448$17,284,248
92$35,269,923$4,640,672$2,048,408$18,797,720
93$38,755,053$4,755,663$2,004,628$20,459,414
94$42,592,125$4,872,747$1,955,840$22,284,325
95$46,816,927$4,991,917$1,901,766$24,288,974
96$51,468,891$5,113,159$1,842,113$26,491,568
97$56,591,470$5,236,456$1,776,575$28,912,168
98$62,232,544$5,361,785$1,704,834$31,572,883
99$68,444,872$5,489,122$1,626,555$34,498,076
100$75,286,593$5,618,433$1,541,389$37,714,592