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%18.1%
1 years$158,552$157,140$155,762$154,417$153,103$148,084
2 years$78,491$77,029$75,612$74,239$72,906$67,897
3 years$51,808$50,339$48,926$47,566$46,255$41,413
4 years$38,468$37,005$35,606$34,268$32,989$28,352
5 years$30,467$29,012$27,632$26,321$25,078$20,658
6 years$25,135$23,691$22,330$21,049$19,843$15,644
7 years$21,327$19,895$18,557$17,306$16,138$12,159
8 years$18,473$17,054$15,738$14,517$13,388$9,626
9 years$16,254$14,849$13,555$12,366$11,275$7,726
10 years$14,480$13,088$11,817$10,659$9,607$6,265
11 years$13,029$11,652$10,404$9,277$8,262$5,121
12 years$11,822$10,458$9,233$8,137$7,160$4,213
13 years$10,800$9,451$8,249$7,184$6,243$3,483
14 years$9,926$8,591$7,412$6,377$5,473$2,892
15 years$9,168$7,848$6,692$5,687$4,819$2,409
16 years$8,506$7,200$6,067$5,092$4,259$2,012
17 years$7,923$6,631$5,521$4,575$3,776$1,684
18 years$7,405$6,127$5,040$4,123$3,358$1,413
19 years$6,942$5,679$4,614$3,726$2,993$1,186
20 years$6,525$5,277$4,234$3,374$2,673$998
21 years$6,149$4,915$3,895$3,062$2,392$840
22 years$5,808$4,588$3,590$2,784$2,144$708
23 years$5,497$4,291$3,314$2,536$1,925$597
24 years$5,212$4,021$3,065$2,313$1,730$504
25 years$4,950$3,773$2,839$2,112$1,557$425
26 years$4,709$3,546$2,633$1,931$1,402$359
27 years$4,486$3,337$2,445$1,768$1,264$304
28 years$4,279$3,145$2,273$1,620$1,141$257
29 years$4,087$2,967$2,115$1,485$1,030$217
30 years$3,908$2,802$1,970$1,363$931$184
31 years$3,741$2,649$1,837$1,252$841$155
32 years$3,585$2,506$1,714$1,151$761$131
33 years$3,438$2,373$1,600$1,058$689$111
34 years$3,301$2,249$1,495$973$624$94
35 years$3,171$2,134$1,398$896$565$80
36 years$3,049$2,025$1,308$825$512$67
37 years$2,934$1,923$1,224$760$464$57
38 years$2,825$1,828$1,146$701$421$48
39 years$2,723$1,738$1,074$646$381$41
40 years$2,625$1,654$1,006$596$346$35
41 years$2,532$1,574$944$550$314$29
42 years$2,444$1,499$885$508$285$25
43 years$2,361$1,428$831$469$258$21
44 years$2,281$1,362$780$433$235$18
45 years$2,205$1,298$732$400$213$15
46 years$2,133$1,239$688$369$193$13
47 years$2,064$1,182$646$341$176$11
48 years$1,998$1,128$607$315$159$9
49 years$1,935$1,078$571$291$145$8
50 years$1,875$1,029$536$269$132$7

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 $4,912 every year, while hoping to spend $38,158 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: 56/23/21 Blend
59$1,920,000$1,920,000$1,920,000$1,920,000
60$2,120,907$2,019,147$1,989,387$2,227,398
61$2,296,639$2,077,485$2,015,431$2,359,018
62$2,489,018$2,137,403$2,041,070$2,497,856
63$2,699,700$2,198,938$2,066,248$2,648,283
64$2,930,511$2,262,127$2,090,908$2,811,421
65$3,183,460$2,327,009$2,114,991$2,988,509
66$3,460,763$2,393,623$2,138,434$3,180,907
67$3,764,858$2,462,007$2,161,168$3,390,115
68$4,098,429$2,532,201$2,183,123$3,617,786
69$4,464,436$2,604,246$2,204,225$3,865,738
70$4,866,137$2,678,182$2,224,394$4,135,975
71$5,307,120$2,754,051$2,243,549$4,430,704
72$5,791,340$2,831,893$2,261,601$4,752,356
73$6,323,151$2,911,750$2,278,460$5,103,610
74$6,907,352$2,993,665$2,294,027$5,487,414
75$7,549,227$3,077,680$2,308,202$5,907,019
76$8,254,599$3,163,837$2,320,878$6,366,005
77$9,029,883$3,252,179$2,331,942$6,868,317
78$9,882,144$3,342,750$2,341,275$7,418,301
79$10,819,170$3,435,592$2,348,755$8,020,745
80$11,849,538$3,530,748$2,354,251$8,680,925
81$12,982,697$3,628,261$2,357,625$9,404,654
82$14,229,061$3,728,175$2,358,734$10,198,336
83$15,600,101$3,830,531$2,357,427$11,069,029
84$17,108,456$3,935,372$2,353,546$12,024,509
85$18,768,055$4,042,741$2,346,926$13,073,345
86$20,594,239$4,152,679$2,337,391$14,224,979
87$22,603,918$4,265,227$2,324,760$15,489,814
88$24,815,720$4,380,425$2,308,841$16,879,316
89$27,250,171$4,498,313$2,289,435$18,406,119
90$29,929,888$4,618,930$2,266,331$20,084,142
91$32,879,793$4,742,314$2,239,309$21,928,729
92$36,127,345$4,868,500$2,208,139$23,956,783
93$39,702,802$4,997,525$2,172,580$26,186,934
94$43,639,506$5,129,422$2,132,380$28,639,710
95$47,974,195$5,264,223$2,087,274$31,337,736
96$52,747,351$5,401,958$2,036,985$34,305,940
97$58,003,583$5,542,655$1,981,226$37,571,795
98$63,792,044$5,686,341$1,919,693$41,165,577
99$70,166,899$5,833,038$1,852,069$45,120,648
100$77,187,833$5,982,768$1,778,024$49,473,776