Can I retire at age 60 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$132,952$131,768$130,613$129,485$128,384$124,624
2 years$65,818$64,592$63,404$62,252$61,135$57,377
3 years$43,443$42,212$41,027$39,886$38,787$35,149
4 years$32,257$31,030$29,857$28,735$27,663$24,173
5 years$25,548$24,328$23,170$22,072$21,029$17,697
6 years$21,076$19,866$18,725$17,651$16,639$13,468
7 years$17,884$16,683$15,561$14,512$13,532$10,521
8 years$15,490$14,300$13,197$12,173$11,226$8,374
9 years$13,630$12,451$11,366$10,369$9,454$6,758
10 years$12,142$10,975$9,909$8,938$8,055$5,511
11 years$10,926$9,770$8,724$7,779$6,928$4,531
12 years$9,913$8,769$7,742$6,823$6,004$3,750
13 years$9,056$7,925$6,917$6,024$5,235$3,119
14 years$8,323$7,204$6,215$5,347$4,589$2,606
15 years$7,688$6,581$5,611$4,769$4,041$2,185
16 years$7,133$6,038$5,088$4,270$3,571$1,836
17 years$6,644$5,560$4,630$3,837$3,166$1,548
18 years$6,209$5,138$4,226$3,458$2,815$1,307
19 years$5,821$4,762$3,869$3,124$2,509$1,105
20 years$5,472$4,425$3,551$2,830$2,242$936
21 years$5,157$4,122$3,266$2,568$2,006$793
22 years$4,870$3,847$3,010$2,335$1,798$673
23 years$4,609$3,598$2,779$2,126$1,614$572
24 years$4,370$3,372$2,570$1,939$1,451$486
25 years$4,151$3,164$2,381$1,771$1,305$413
26 years$3,949$2,974$2,208$1,619$1,176$352
27 years$3,762$2,799$2,050$1,482$1,060$299
28 years$3,588$2,637$1,906$1,358$957$255
29 years$3,427$2,488$1,774$1,245$864$217
30 years$3,277$2,349$1,652$1,143$780$185
31 years$3,137$2,221$1,540$1,050$706$158
32 years$3,006$2,102$1,437$965$638$134
33 years$2,883$1,990$1,342$887$578$115
34 years$2,768$1,886$1,254$816$523$98
35 years$2,659$1,789$1,172$751$474$83
36 years$2,557$1,698$1,096$692$429$71
37 years$2,461$1,613$1,026$638$389$61
38 years$2,369$1,533$961$588$353$52
39 years$2,283$1,457$900$542$320$44
40 years$2,201$1,387$844$500$290$38
41 years$2,123$1,320$791$461$263$32
42 years$2,050$1,257$742$426$239$27
43 years$1,980$1,198$697$393$217$23
44 years$1,913$1,142$654$363$197$20
45 years$1,849$1,089$614$335$179$17
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$11
49 years$1,623$904$479$244$121$9
50 years$1,572$863$450$226$110$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,610,000, adding $3,400 every year, while hoping to spend $23,908 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: 67/18/15 Blend
59$1,610,000$1,610,000$1,610,000$1,610,000
60$1,777,727$1,692,397$1,667,442$1,890,332
61$1,933,617$1,749,887$1,697,863$2,023,383
62$2,104,607$1,809,392$1,728,503$2,165,683
63$2,292,211$1,870,986$1,759,342$2,320,677
64$2,498,098$1,934,746$1,790,361$2,489,610
65$2,724,107$2,000,751$1,821,541$2,673,850
66$2,972,261$2,069,083$1,852,857$2,874,904
67$3,244,791$2,139,828$1,884,288$3,094,431
68$3,544,154$2,213,073$1,915,805$3,334,258
69$3,873,056$2,288,913$1,947,384$3,596,397
70$4,234,479$2,367,441$1,978,993$3,883,063
71$4,631,709$2,448,758$2,010,601$4,196,695
72$5,068,363$2,532,967$2,042,176$4,539,979
73$5,548,428$2,620,175$2,073,682$4,915,874
74$6,076,298$2,710,494$2,105,080$5,327,638
75$6,656,812$2,804,039$2,136,331$5,778,861
76$7,295,300$2,900,931$2,167,392$6,273,495
77$7,997,639$3,001,294$2,198,218$6,815,894
78$8,770,300$3,105,259$2,228,760$7,410,854
79$9,620,415$3,212,961$2,258,968$8,063,658
80$10,555,841$3,324,540$2,288,787$8,780,127
81$11,585,236$3,440,142$2,318,161$9,566,671
82$12,718,140$3,559,919$2,347,029$10,430,353
83$13,965,063$3,684,027$2,375,327$11,378,954
84$15,337,586$3,812,632$2,402,988$12,421,044
85$16,848,472$3,945,903$2,429,940$13,566,068
86$18,511,781$4,084,017$2,456,108$14,824,430
87$20,343,008$4,227,159$2,481,413$16,207,593
88$22,359,226$4,375,521$2,505,771$17,728,184
89$24,579,246$4,529,301$2,529,094$19,400,118
90$27,023,799$4,688,706$2,551,288$21,238,726
91$29,715,727$4,853,953$2,572,256$23,260,898
92$32,680,199$5,025,265$2,591,895$25,485,246
93$35,944,952$5,202,876$2,610,096$27,932,274
94$39,540,549$5,387,028$2,626,746$30,624,576
95$43,500,666$5,577,973$2,641,723$33,587,048
96$47,862,414$5,775,975$2,654,901$36,847,121
97$52,666,689$5,981,306$2,666,149$40,435,018
98$57,958,552$6,194,251$2,675,326$44,384,045
99$63,787,661$6,415,106$2,682,286$48,730,897
100$70,208,736$6,644,179$2,686,876$53,516,012