Can I retire at age 60 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$134,604$133,405$132,235$131,093$129,978$126,682
2 years$66,636$65,395$64,192$63,026$61,895$58,595
3 years$43,982$42,736$41,536$40,381$39,268$36,069
4 years$32,658$31,416$30,228$29,092$28,007$24,931
5 years$25,865$24,630$23,458$22,346$21,290$18,348
6 years$21,338$20,112$18,958$17,870$16,846$14,040
7 years$18,106$16,890$15,754$14,692$13,700$11,031
8 years$15,683$14,478$13,361$12,325$11,366$8,831
9 years$13,799$12,606$11,507$10,498$9,572$7,170
10 years$12,293$11,111$10,032$9,049$8,156$5,884
11 years$11,061$9,892$8,832$7,876$7,014$4,869
12 years$10,036$8,878$7,839$6,908$6,078$4,056
13 years$9,169$8,023$7,003$6,099$5,300$3,397
14 years$8,426$7,293$6,292$5,414$4,646$2,857
15 years$7,784$6,662$5,681$4,828$4,091$2,412
16 years$7,222$6,113$5,151$4,323$3,616$2,042
17 years$6,726$5,629$4,687$3,884$3,206$1,734
18 years$6,286$5,202$4,279$3,500$2,850$1,475
19 years$5,893$4,821$3,917$3,163$2,541$1,256
20 years$5,540$4,480$3,595$2,865$2,269$1,072
21 years$5,221$4,173$3,306$2,600$2,031$916
22 years$4,931$3,895$3,047$2,364$1,820$783
23 years$4,666$3,643$2,814$2,153$1,634$671
24 years$4,425$3,413$2,602$1,964$1,469$574
25 years$4,202$3,203$2,410$1,793$1,322$492
26 years$3,998$3,011$2,235$1,640$1,190$422
27 years$3,808$2,833$2,076$1,501$1,073$362
28 years$3,633$2,670$1,930$1,375$968$311
29 years$3,470$2,519$1,796$1,261$875$267
30 years$3,318$2,379$1,673$1,157$790$230
31 years$3,176$2,249$1,559$1,063$714$197
32 years$3,043$2,128$1,455$977$646$170
33 years$2,919$2,015$1,358$898$585$146
34 years$2,802$1,910$1,269$826$529$125
35 years$2,692$1,811$1,187$761$480$108
36 years$2,589$1,719$1,110$701$435$93
37 years$2,491$1,633$1,039$646$394$80
38 years$2,399$1,552$973$595$357$69
39 years$2,311$1,476$912$549$324$59
40 years$2,228$1,404$854$506$294$51
41 years$2,150$1,336$801$467$266$44
42 years$2,075$1,273$752$431$242$38
43 years$2,004$1,213$705$398$219$32
44 years$1,937$1,156$662$367$199$28
45 years$1,872$1,102$622$339$181$24
46 years$1,811$1,052$584$313$164$21
47 years$1,752$1,003$548$289$149$18
48 years$1,696$958$515$267$135$15
49 years$1,643$915$484$247$123$13
50 years$1,591$874$455$228$112$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,630,000, adding $3,907 every year, while hoping to spend $54,758 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: 80/10/10 Blend
59$1,630,000$1,630,000$1,630,000$1,630,000
60$1,800,290$1,713,900$1,688,635$1,941,082
61$1,925,658$1,739,619$1,686,942$2,059,726
62$2,061,977$1,764,763$1,683,357$2,182,338
63$2,210,309$1,789,246$1,677,760$2,315,266
64$2,371,817$1,812,976$1,670,021$2,459,517
65$2,547,785$1,835,855$1,660,010$2,616,197
66$2,739,624$1,857,776$1,647,585$2,786,524
67$2,948,888$1,878,629$1,632,601$2,971,842
68$3,177,285$1,898,294$1,614,905$3,173,630
69$3,426,700$1,916,641$1,594,335$3,393,518
70$3,699,202$1,933,535$1,570,724$3,633,299
71$3,997,073$1,948,831$1,543,896$3,894,952
72$4,322,825$1,962,374$1,513,667$4,180,657
73$4,679,222$1,974,000$1,479,844$4,492,812
74$5,069,309$1,983,532$1,442,225$4,834,064
75$5,496,438$1,990,784$1,400,599$5,207,326
76$5,964,301$1,995,559$1,354,745$5,615,811
77$6,476,964$1,997,646$1,304,433$6,063,056
78$7,038,904$1,996,820$1,249,421$6,552,961
79$7,655,052$1,992,844$1,189,457$7,089,822
80$8,330,840$1,985,466$1,124,277$7,678,375
81$9,072,251$1,974,419$1,053,605$8,323,837
82$9,885,872$1,959,417$977,152$9,031,957
83$10,778,963$1,940,161$894,619$9,809,072
84$11,759,518$1,916,329$805,689$10,662,165
85$12,836,345$1,887,585$710,036$11,598,931
86$14,019,144$1,853,569$607,314$12,627,849
87$15,318,604$1,813,901$497,166$13,758,267
88$16,746,499$1,768,179$379,218$15,000,481
89$18,315,798$1,715,977$253,079$16,365,844
90$20,040,793$1,656,843$118,340$17,866,864
91$21,937,226$1,590,300$0$19,517,327
92$24,022,441$1,515,844$0$21,335,139
93$26,315,549$1,432,938$0$23,347,981
94$28,837,602$1,341,020$0$25,561,714
95$31,611,797$1,239,490$0$27,996,725
96$34,663,693$1,127,717$0$30,675,480
97$38,021,447$1,005,033$0$33,622,734
98$41,716,088$870,732$0$36,865,765
99$45,781,800$724,069$0$40,434,634
100$50,256,251$564,256$0$44,362,465