Can I retire at age 60 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$138,733$137,497$136,291$135,115$133,966$131,100
2 years$68,680$67,401$66,161$64,959$63,793$60,920
3 years$45,332$44,047$42,810$41,620$40,473$37,682
4 years$33,660$32,379$31,155$29,985$28,866$26,178
5 years$26,659$25,386$24,178$23,031$21,943$19,367
6 years$21,993$20,729$19,539$18,418$17,363$14,901
7 years$18,661$17,408$16,237$15,143$14,121$11,773
8 years$16,164$14,922$13,770$12,703$11,714$9,481
9 years$14,222$12,993$11,860$10,820$9,865$7,744
10 years$12,670$11,452$10,340$9,327$8,406$6,394
11 years$11,401$10,195$9,103$8,117$7,229$5,325
12 years$10,344$9,151$8,079$7,120$6,265$4,465
13 years$9,450$8,270$7,218$6,286$5,463$3,765
14 years$8,685$7,517$6,485$5,580$4,789$3,188
15 years$8,022$6,867$5,855$4,976$4,216$2,710
16 years$7,443$6,300$5,309$4,456$3,726$2,311
17 years$6,932$5,802$4,831$4,003$3,304$1,976
18 years$6,479$5,361$4,410$3,608$2,938$1,693
19 years$6,074$4,969$4,037$3,260$2,619$1,454
20 years$5,710$4,617$3,705$2,953$2,339$1,250
21 years$5,381$4,301$3,408$2,680$2,093$1,076
22 years$5,082$4,015$3,141$2,436$1,876$927
23 years$4,810$3,755$2,900$2,219$1,684$800
24 years$4,560$3,518$2,682$2,024$1,514$691
25 years$4,331$3,302$2,484$1,848$1,362$597
26 years$4,120$3,103$2,304$1,690$1,227$516
27 years$3,925$2,920$2,139$1,547$1,106$447
28 years$3,744$2,752$1,989$1,417$998$386
29 years$3,576$2,596$1,851$1,300$901$335
30 years$3,420$2,452$1,724$1,193$814$290
31 years$3,274$2,318$1,607$1,095$736$251
32 years$3,137$2,193$1,500$1,007$666$218
33 years$3,009$2,077$1,400$926$603$189
34 years$2,888$1,968$1,308$852$546$164
35 years$2,775$1,867$1,223$784$494$142
36 years$2,668$1,772$1,144$722$448$123
37 years$2,567$1,683$1,071$665$406$107
38 years$2,472$1,599$1,003$613$368$93
39 years$2,382$1,521$940$565$334$80
40 years$2,297$1,447$881$522$303$70
41 years$2,216$1,377$826$481$275$60
42 years$2,139$1,312$775$444$249$52
43 years$2,066$1,250$727$410$226$45
44 years$1,996$1,191$682$379$205$39
45 years$1,930$1,136$641$350$186$34
46 years$1,866$1,084$602$323$169$30
47 years$1,806$1,034$565$298$154$26
48 years$1,748$987$531$276$140$22
49 years$1,693$943$499$255$127$19
50 years$1,640$901$469$235$115$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,680,000, adding $5,021 every year, while hoping to spend $22,615 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: 36/49/15 Blend
59$1,680,000$1,680,000$1,680,000$1,680,000
60$1,856,539$1,767,499$1,741,459$1,914,668
61$2,021,844$1,830,044$1,775,736$2,019,633
62$2,203,252$1,894,896$1,810,403$2,130,360
63$2,402,382$1,962,144$1,845,449$2,249,409
64$2,621,016$2,031,881$1,880,863$2,377,534
65$2,861,119$2,104,203$1,916,632$2,515,562
66$3,124,855$2,179,210$1,952,741$2,664,400
67$3,414,607$2,257,008$1,989,174$2,825,045
68$3,733,000$2,337,705$2,025,915$2,998,593
69$4,082,928$2,421,415$2,062,945$3,186,247
70$4,467,577$2,508,254$2,100,244$3,389,327
71$4,890,459$2,598,347$2,137,791$3,609,288
72$5,355,440$2,691,821$2,175,562$3,847,725
73$5,866,784$2,788,809$2,213,532$4,106,395
74$6,429,185$2,889,450$2,251,674$4,387,226
75$7,047,817$2,993,887$2,289,960$4,692,341
76$7,728,378$3,102,272$2,328,358$5,024,074
77$8,477,151$3,214,761$2,366,836$5,384,992
78$9,301,053$3,331,517$2,405,357$5,777,918
79$10,207,709$3,452,710$2,443,885$6,205,958
80$11,205,519$3,578,517$2,482,379$6,672,530
81$12,303,739$3,709,122$2,520,797$7,181,394
82$13,512,569$3,844,717$2,559,091$7,736,687
83$14,843,245$3,985,503$2,597,215$8,342,964
84$16,308,151$4,131,687$2,635,117$9,005,236
85$17,920,930$4,283,488$2,672,741$9,729,019
86$19,696,618$4,441,131$2,710,031$10,520,386
87$21,651,779$4,604,853$2,746,923$11,386,020
88$23,804,670$4,774,900$2,783,354$12,333,280
89$26,175,404$4,951,528$2,819,254$13,370,267
90$28,786,147$5,135,004$2,854,551$14,505,900
91$31,661,323$5,325,608$2,889,167$15,750,001
92$34,827,844$5,523,630$2,923,021$17,113,383
93$38,315,368$5,729,372$2,956,026$18,607,954
94$42,156,575$5,943,150$2,988,092$20,246,827
95$46,387,476$6,165,295$3,019,124$22,044,444
96$51,047,753$6,396,148$3,049,019$24,016,708
97$56,181,134$6,636,070$3,077,671$26,181,134
98$61,835,805$6,885,432$3,104,968$28,557,014
99$68,064,864$7,144,626$3,130,792$31,165,595
100$74,926,824$7,414,057$3,155,018$34,030,279