Can I retire at age 60 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$142,862$141,589$140,348$139,136$137,953$134,291
2 years$70,724$69,406$68,130$66,892$65,692$62,028
3 years$46,681$45,358$44,085$42,859$41,678$38,127
4 years$34,662$33,343$32,082$30,877$29,725$26,314
5 years$27,452$26,141$24,897$23,717$22,596$19,335
6 years$22,647$21,346$20,121$18,966$17,880$14,771
7 years$19,217$17,927$16,720$15,593$14,541$11,585
8 years$16,645$15,366$14,180$13,081$12,063$9,259
9 years$14,646$13,379$12,213$11,142$10,159$7,503
10 years$13,047$11,793$10,648$9,604$8,656$6,146
11 years$11,740$10,499$9,374$8,359$7,444$5,076
12 years$10,652$9,423$8,319$7,332$6,451$4,220
13 years$9,732$8,516$7,433$6,473$5,626$3,527
14 years$8,943$7,741$6,678$5,746$4,931$2,961
15 years$8,261$7,071$6,030$5,124$4,342$2,494
16 years$7,665$6,488$5,467$4,588$3,837$2,108
17 years$7,139$5,975$4,975$4,123$3,402$1,785
18 years$6,672$5,521$4,541$3,715$3,025$1,515
19 years$6,255$5,117$4,157$3,357$2,697$1,288
20 years$5,880$4,755$3,815$3,040$2,409$1,096
21 years$5,541$4,429$3,509$2,759$2,155$935
22 years$5,233$4,134$3,234$2,509$1,932$797
23 years$4,953$3,867$2,986$2,285$1,734$681
24 years$4,696$3,623$2,762$2,084$1,559$582
25 years$4,460$3,400$2,558$1,903$1,403$498
26 years$4,243$3,195$2,372$1,740$1,264$426
27 years$4,042$3,007$2,203$1,593$1,139$365
28 years$3,856$2,834$2,048$1,459$1,028$312
29 years$3,683$2,673$1,906$1,338$928$267
30 years$3,522$2,525$1,775$1,228$839$229
31 years$3,371$2,387$1,655$1,128$758$196
32 years$3,230$2,258$1,544$1,037$686$168
33 years$3,098$2,139$1,442$953$621$144
34 years$2,974$2,027$1,347$877$562$124
35 years$2,858$1,922$1,259$807$509$106
36 years$2,748$1,825$1,178$744$461$91
37 years$2,644$1,733$1,103$685$418$78
38 years$2,546$1,647$1,033$632$379$67
39 years$2,453$1,566$968$582$344$58
40 years$2,365$1,490$907$537$312$49
41 years$2,282$1,418$850$496$283$42
42 years$2,203$1,351$798$457$257$36
43 years$2,127$1,287$748$422$233$31
44 years$2,055$1,227$703$390$211$27
45 years$1,987$1,170$660$360$192$23
46 years$1,922$1,116$620$333$174$20
47 years$1,860$1,065$582$307$158$17
48 years$1,800$1,017$547$284$144$15
49 years$1,743$971$514$262$130$12
50 years$1,689$927$483$242$119$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,730,000, adding $3,227 every year, while hoping to spend $45,741 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: 31/41/28 Blend
59$1,730,000$1,730,000$1,730,000$1,730,000
60$1,909,789$1,818,099$1,791,284$1,952,526
61$2,055,919$1,858,517$1,802,624$2,026,289
62$2,215,422$1,899,384$1,812,810$2,101,396
63$2,389,612$1,940,671$1,821,757$2,181,346
64$2,579,939$1,982,350$1,829,372$2,266,595
65$2,787,997$2,024,389$1,835,560$2,357,645
66$3,015,541$2,066,753$1,840,220$2,455,053
67$3,264,504$2,109,402$1,843,245$2,559,432
68$3,537,015$2,152,294$1,844,526$2,671,458
69$3,835,417$2,195,383$1,843,944$2,791,879
70$4,162,292$2,238,619$1,841,378$2,921,518
71$4,520,481$2,281,947$1,836,700$3,061,288
72$4,913,115$2,325,307$1,829,774$3,212,192
73$5,343,641$2,368,636$1,820,460$3,375,340
74$5,815,857$2,411,863$1,808,610$3,551,956
75$6,333,945$2,454,915$1,794,068$3,743,394
76$6,902,510$2,497,709$1,776,673$3,951,143
77$7,526,629$2,540,159$1,756,254$4,176,852
78$8,211,889$2,582,171$1,732,633$4,422,338
79$8,964,449$2,623,644$1,705,623$4,689,607
80$9,791,090$2,664,470$1,675,029$4,980,874
81$10,699,286$2,704,533$1,640,646$5,298,581
82$11,697,266$2,743,709$1,602,261$5,645,427
83$12,794,100$2,781,864$1,559,650$6,024,386
84$13,999,779$2,818,855$1,512,579$6,438,743
85$15,325,308$2,854,531$1,460,801$6,892,122
86$16,782,813$2,888,727$1,404,063$7,388,521
87$18,385,656$2,921,270$1,342,094$7,932,351
88$20,148,555$2,951,974$1,274,616$8,528,481
89$22,087,727$2,980,641$1,201,336$9,182,281
90$24,221,042$3,007,059$1,121,948$9,899,676
91$26,568,187$3,031,004$1,036,131$10,687,203
92$29,150,853$3,052,234$943,553$11,552,071
93$31,992,942$3,070,495$843,863$12,502,236
94$35,120,787$3,085,515$736,698$13,546,472
95$38,563,407$3,097,005$621,677$14,694,457
96$42,352,774$3,104,657$498,402$15,956,867
97$46,524,116$3,108,145$366,459$17,345,477
98$51,116,254$3,107,121$225,413$18,873,273
99$56,171,960$3,101,218$74,812$20,554,578
100$61,738,366$3,090,044$0$22,405,190