Can I retire at age 60 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$158,552$157,140$155,762$154,417$153,103$147,613
2 years$78,491$77,029$75,612$74,239$72,906$67,434
3 years$51,808$50,339$48,926$47,566$46,255$40,973
4 years$38,468$37,005$35,606$34,268$32,989$27,938
5 years$30,467$29,012$27,632$26,321$25,078$20,270
6 years$25,135$23,691$22,330$21,049$19,843$15,283
7 years$21,327$19,895$18,557$17,306$16,138$11,824
8 years$18,473$17,054$15,738$14,517$13,388$9,317
9 years$16,254$14,849$13,555$12,366$11,275$7,441
10 years$14,480$13,088$11,817$10,659$9,607$6,004
11 years$13,029$11,652$10,404$9,277$8,262$4,882
12 years$11,822$10,458$9,233$8,137$7,160$3,995
13 years$10,800$9,451$8,249$7,184$6,243$3,285
14 years$9,926$8,591$7,412$6,377$5,473$2,712
15 years$9,168$7,848$6,692$5,687$4,819$2,246
16 years$8,506$7,200$6,067$5,092$4,259$1,865
17 years$7,923$6,631$5,521$4,575$3,776$1,552
18 years$7,405$6,127$5,040$4,123$3,358$1,294
19 years$6,942$5,679$4,614$3,726$2,993$1,081
20 years$6,525$5,277$4,234$3,374$2,673$903
21 years$6,149$4,915$3,895$3,062$2,392$756
22 years$5,808$4,588$3,590$2,784$2,144$633
23 years$5,497$4,291$3,314$2,536$1,925$530
24 years$5,212$4,021$3,065$2,313$1,730$445
25 years$4,950$3,773$2,839$2,112$1,557$373
26 years$4,709$3,546$2,633$1,931$1,402$313
27 years$4,486$3,337$2,445$1,768$1,264$263
28 years$4,279$3,145$2,273$1,620$1,141$221
29 years$4,087$2,967$2,115$1,485$1,030$185
30 years$3,908$2,802$1,970$1,363$931$156
31 years$3,741$2,649$1,837$1,252$841$131
32 years$3,585$2,506$1,714$1,151$761$110
33 years$3,438$2,373$1,600$1,058$689$92
34 years$3,301$2,249$1,495$973$624$78
35 years$3,171$2,134$1,398$896$565$65
36 years$3,049$2,025$1,308$825$512$55
37 years$2,934$1,923$1,224$760$464$46
38 years$2,825$1,828$1,146$701$421$39
39 years$2,723$1,738$1,074$646$381$33
40 years$2,625$1,654$1,006$596$346$27
41 years$2,532$1,574$944$550$314$23
42 years$2,444$1,499$885$508$285$19
43 years$2,361$1,428$831$469$258$16
44 years$2,281$1,362$780$433$235$14
45 years$2,205$1,298$732$400$213$12
46 years$2,133$1,239$688$369$193$10
47 years$2,064$1,182$646$341$176$8
48 years$1,998$1,128$607$315$159$7
49 years$1,935$1,078$571$291$145$6
50 years$1,875$1,029$536$269$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,920,000, adding $3,756 every year, while hoping to spend $53,396 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: 45/26/29 Blend
59$1,920,000$1,920,000$1,920,000$1,920,000
60$2,119,714$2,017,954$1,988,194$2,197,170
61$2,279,112$2,060,021$1,997,986$2,294,772
62$2,452,979$2,102,360$2,006,316$2,395,159
63$2,642,735$2,144,927$2,013,079$2,503,021
64$2,849,941$2,187,676$2,018,164$2,619,089
65$3,076,318$2,230,555$2,021,456$2,744,165
66$3,323,760$2,273,509$2,022,832$2,879,137
67$3,594,351$2,316,479$2,022,165$3,024,986
68$3,890,386$2,359,398$2,019,319$3,182,790
69$4,214,394$2,402,197$2,014,154$3,353,743
70$4,569,157$2,444,799$2,006,523$3,539,158
71$4,957,740$2,487,123$1,996,271$3,740,489
72$5,383,518$2,529,081$1,983,235$3,959,336
73$5,850,208$2,570,577$1,967,244$4,197,465
74$6,361,904$2,611,511$1,948,122$4,456,825
75$6,923,115$2,651,771$1,925,681$4,739,567
76$7,538,807$2,691,242$1,899,725$5,048,063
77$8,214,449$2,729,797$1,870,050$5,384,931
78$8,956,068$2,767,302$1,836,441$5,753,057
79$9,770,300$2,803,612$1,798,675$6,155,626
80$10,664,456$2,838,575$1,756,516$6,596,151
81$11,646,589$2,872,024$1,709,718$7,078,509
82$12,725,573$2,903,785$1,658,025$7,606,973
83$13,911,180$2,933,669$1,601,168$8,186,260
84$15,214,179$2,961,477$1,538,865$8,821,571
85$16,646,431$2,986,996$1,470,824$9,518,641
86$18,221,006$3,009,998$1,396,735$10,283,799
87$19,952,302$3,030,240$1,316,279$11,124,021
88$21,856,181$3,047,467$1,229,119$12,047,004
89$23,950,122$3,061,403$1,134,905$13,061,235
90$26,253,380$3,071,758$1,033,270$14,176,075
91$28,787,171$3,078,220$923,831$15,401,845
92$31,574,872$3,080,462$806,188$16,749,927
93$34,642,237$3,078,132$679,923$18,232,875
94$38,017,645$3,070,861$544,600$19,864,528
95$41,732,364$3,058,253$399,764$21,660,150
96$45,820,848$3,039,890$244,939$23,636,569
97$50,321,059$3,015,329$79,629$25,812,340
98$55,274,825$2,984,098$0$28,207,925
99$60,728,238$2,945,699$0$30,875,829
100$66,732,083$2,899,603$0$33,839,218