Can I retire at age 60 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$164,332$162,869$161,440$160,046$158,685$154,912
2 years$81,353$79,838$78,369$76,945$75,564$71,785
3 years$53,696$52,175$50,710$49,300$47,941$44,274
4 years$39,871$38,354$36,904$35,518$34,192$30,665
5 years$31,578$30,070$28,639$27,281$25,992$22,615
6 years$26,051$24,554$23,145$21,817$20,567$17,343
7 years$22,105$20,621$19,233$17,937$16,726$13,656
8 years$19,146$17,676$16,311$15,047$13,876$10,959
9 years$16,847$15,390$14,049$12,816$11,686$8,919
10 years$15,008$13,565$12,248$11,048$9,957$7,337
11 years$13,504$12,077$10,783$9,615$8,563$6,087
12 years$12,253$10,839$9,570$8,434$7,421$5,084
13 years$11,194$9,796$8,550$7,446$6,471$4,269
14 years$10,288$8,904$7,682$6,609$5,672$3,601
15 years$9,503$8,134$6,936$5,894$4,994$3,049
16 years$8,816$7,463$6,288$5,278$4,414$2,589
17 years$8,212$6,873$5,722$4,742$3,914$2,204
18 years$7,675$6,351$5,224$4,274$3,480$1,880
19 years$7,195$5,886$4,782$3,862$3,102$1,607
20 years$6,763$5,469$4,389$3,497$2,771$1,375
21 years$6,374$5,095$4,037$3,174$2,479$1,178
22 years$6,020$4,756$3,720$2,886$2,222$1,011
23 years$5,697$4,448$3,435$2,628$1,995$868
24 years$5,402$4,167$3,177$2,397$1,793$746
25 years$5,131$3,911$2,943$2,189$1,614$642
26 years$4,881$3,676$2,729$2,002$1,453$552
27 years$4,649$3,459$2,534$1,832$1,310$475
28 years$4,435$3,259$2,356$1,679$1,182$409
29 years$4,236$3,075$2,192$1,539$1,068$353
30 years$4,051$2,904$2,042$1,413$965$304
31 years$3,878$2,745$1,904$1,298$872$262
32 years$3,716$2,598$1,776$1,192$789$226
33 years$3,564$2,460$1,658$1,097$714$195
34 years$3,421$2,331$1,550$1,009$646$168
35 years$3,287$2,211$1,449$929$586$145
36 years$3,161$2,099$1,355$855$530$125
37 years$3,041$1,993$1,269$788$481$108
38 years$2,928$1,894$1,188$726$436$93
39 years$2,822$1,801$1,113$670$395$80
40 years$2,721$1,714$1,043$618$359$69
41 years$2,625$1,632$978$570$325$60
42 years$2,534$1,554$918$526$295$52
43 years$2,447$1,480$861$486$268$45
44 years$2,364$1,411$808$448$243$39
45 years$2,286$1,346$759$414$221$33
46 years$2,211$1,284$713$382$200$29
47 years$2,139$1,225$670$353$182$25
48 years$2,071$1,170$629$327$165$21
49 years$2,006$1,117$591$302$150$19
50 years$1,943$1,067$556$279$136$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,990,000, adding $3,444 every year, while hoping to spend $34,889 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: 75/11/14 Blend
59$1,990,000$1,990,000$1,990,000$1,990,000
60$2,196,532$2,091,062$2,060,217$2,354,507
61$2,383,457$2,156,403$2,092,113$2,524,677
62$2,588,279$2,223,776$2,123,908$2,706,437
63$2,812,786$2,293,244$2,155,562$2,904,693
64$3,058,949$2,364,871$2,187,032$3,121,073
65$3,328,937$2,438,725$2,218,273$3,357,372
66$3,625,140$2,514,874$2,249,236$3,615,565
67$3,950,191$2,593,389$2,279,872$3,897,830
68$4,306,988$2,674,343$2,310,125$4,206,563
69$4,698,726$2,757,811$2,339,939$4,544,405
70$5,128,922$2,843,870$2,369,253$4,914,264
71$5,601,452$2,932,600$2,398,004$5,319,343
72$6,120,586$3,024,083$2,426,123$5,763,170
73$6,691,027$3,118,404$2,453,539$6,249,632
74$7,317,956$3,215,650$2,480,177$6,783,011
75$8,007,082$3,315,911$2,505,957$7,368,025
76$8,764,694$3,419,281$2,530,796$8,009,869
77$9,597,720$3,525,853$2,554,605$8,714,269
78$10,513,794$3,635,726$2,577,291$9,487,531
79$11,521,327$3,749,002$2,598,756$10,336,605
80$12,629,584$3,865,786$2,618,897$11,269,146
81$13,848,776$3,986,183$2,637,604$12,293,590
82$15,190,151$4,110,306$2,654,764$13,419,230
83$16,666,103$4,238,268$2,670,255$14,656,306
84$18,290,290$4,370,187$2,683,952$16,016,100
85$20,077,756$4,506,183$2,695,722$17,511,044
86$22,045,083$4,646,382$2,705,425$19,154,834
87$24,210,539$4,790,912$2,712,913$20,962,563
88$26,594,251$4,939,904$2,718,033$22,950,862
89$29,218,401$5,093,496$2,720,624$25,138,053
90$32,107,428$5,251,826$2,720,514$27,544,329
91$35,288,261$5,415,041$2,717,527$30,191,937
92$38,790,573$5,583,288$2,711,474$33,105,394
93$42,647,064$5,756,722$2,702,160$36,311,713
94$46,893,762$5,935,498$2,689,380$39,840,661
95$51,570,369$6,119,781$2,672,918$43,725,041
96$56,720,633$6,309,737$2,652,547$48,000,997
97$62,392,762$6,505,538$2,628,032$52,708,358
98$68,639,877$6,707,363$2,599,124$57,891,013
99$75,520,514$6,915,393$2,565,564$63,597,327
100$83,099,175$7,129,817$2,527,080$69,880,594