Can I retire at age 60 with 1,910,000?

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 $1,910,000?

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$157,726$156,321$154,950$153,612$152,306$150,590
2 years$78,082$76,628$75,219$73,852$72,527$70,799
3 years$51,538$50,077$48,671$47,318$46,014$44,329
4 years$38,268$36,812$35,420$34,090$32,818$31,187
5 years$30,308$28,861$27,488$26,184$24,947$23,377
6 years$25,004$23,567$22,214$20,940$19,740$18,231
7 years$21,216$19,792$18,460$17,216$16,054$14,608
8 years$18,377$16,965$15,656$14,442$13,318$11,934
9 years$16,169$14,771$13,484$12,301$11,216$9,894
10 years$14,405$13,020$11,756$10,604$9,557$8,295
11 years$12,962$11,591$10,350$9,228$8,219$7,018
12 years$11,760$10,404$9,185$8,095$7,122$5,979
13 years$10,744$9,402$8,206$7,146$6,211$5,125
14 years$9,874$8,546$7,373$6,344$5,444$4,414
15 years$9,121$7,807$6,657$5,657$4,794$3,818
16 years$8,462$7,163$6,036$5,066$4,237$3,313
17 years$7,882$6,597$5,492$4,551$3,756$2,883
18 years$7,366$6,095$5,014$4,102$3,340$2,516
19 years$6,906$5,649$4,590$3,706$2,977$2,199
20 years$6,491$5,250$4,212$3,357$2,659$1,927
21 years$6,117$4,890$3,874$3,046$2,380$1,690
22 years$5,778$4,564$3,571$2,770$2,133$1,485
23 years$5,468$4,269$3,297$2,523$1,915$1,306
24 years$5,185$4,000$3,049$2,301$1,721$1,150
25 years$4,924$3,754$2,824$2,101$1,549$1,014
26 years$4,684$3,528$2,619$1,921$1,395$894
27 years$4,463$3,320$2,432$1,759$1,258$789
28 years$4,257$3,128$2,261$1,611$1,135$697
29 years$4,066$2,951$2,104$1,478$1,025$616
30 years$3,888$2,787$1,960$1,356$926$545
31 years$3,722$2,635$1,827$1,245$837$482
32 years$3,566$2,493$1,705$1,145$757$426
33 years$3,421$2,361$1,592$1,052$685$377
34 years$3,284$2,238$1,487$968$620$334
35 years$3,155$2,122$1,391$891$562$296
36 years$3,034$2,014$1,301$821$509$262
37 years$2,919$1,913$1,218$756$461$232
38 years$2,811$1,818$1,140$697$418$206
39 years$2,708$1,729$1,068$643$379$182
40 years$2,611$1,645$1,001$593$344$162
41 years$2,519$1,566$939$547$312$143
42 years$2,432$1,491$881$505$283$127
43 years$2,349$1,421$826$466$257$113
44 years$2,269$1,354$776$430$233$100
45 years$2,194$1,292$728$397$212$89
46 years$2,122$1,232$684$367$192$79
47 years$2,053$1,176$643$339$175$70
48 years$1,988$1,122$604$313$159$62
49 years$1,925$1,072$568$290$144$55
50 years$1,865$1,024$534$268$131$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,910,000, adding $2,451 every year, while hoping to spend $28,621 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: 69/11/20 Blend
59$1,910,000$1,910,000$1,910,000$1,910,000
60$2,107,348$2,006,118$1,976,513$2,242,208
61$2,291,845$2,073,965$2,012,274$2,400,437
62$2,494,202$2,144,178$2,048,273$2,569,926
63$2,716,209$2,216,841$2,084,489$2,754,688
64$2,959,840$2,292,045$2,120,898$2,956,228
65$3,227,269$2,369,880$2,157,473$3,176,204
66$3,520,890$2,450,444$2,194,188$3,416,443
67$3,843,340$2,533,835$2,231,012$3,678,954
68$4,197,525$2,620,156$2,267,915$3,965,952
69$4,586,644$2,709,516$2,304,862$4,279,877
70$5,014,224$2,802,025$2,341,817$4,623,415
71$5,484,150$2,897,799$2,378,743$4,999,526
72$6,000,699$2,996,957$2,415,597$5,411,467
73$6,568,588$3,099,625$2,452,337$5,862,830
74$7,193,009$3,205,932$2,488,915$6,357,570
75$7,879,686$3,316,012$2,525,284$6,900,043
76$8,634,923$3,430,006$2,561,390$7,495,049
77$9,465,666$3,548,058$2,597,178$8,147,875
78$10,379,570$3,670,319$2,632,589$8,864,347
79$11,385,067$3,796,945$2,667,561$9,650,881
80$12,491,448$3,928,099$2,702,029$10,514,547
81$13,708,951$4,063,951$2,735,922$11,463,136
82$15,048,855$4,204,676$2,769,167$12,505,230
83$16,523,590$4,350,457$2,801,685$13,650,284
84$18,146,850$4,501,483$2,833,395$14,908,716
85$19,933,725$4,657,952$2,864,210$16,292,005
86$21,900,841$4,820,068$2,894,038$17,812,800
87$24,066,521$4,988,045$2,922,782$19,485,036
88$26,450,952$5,162,105$2,950,341$21,324,067
89$29,076,378$5,342,477$2,976,606$23,346,814
90$31,967,312$5,529,402$3,001,466$25,571,919
91$35,150,763$5,723,128$3,024,800$28,019,923
92$38,656,493$5,923,914$3,046,484$30,713,462
93$42,517,300$6,132,030$3,066,385$33,677,477
94$46,769,321$6,347,755$3,084,366$36,939,451
95$51,452,378$6,571,382$3,100,279$40,529,668
96$56,610,354$6,803,213$3,113,971$44,481,498
97$62,291,603$7,043,564$3,125,282$48,831,712
98$68,549,410$7,292,762$3,134,042$53,620,830
99$75,442,491$7,551,148$3,140,074$58,893,503
100$83,035,549$7,819,079$3,143,191$64,698,930