Can I retire at age 60 with 1,790,000?

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 $1,790,000?

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$147,817$146,500$145,215$143,961$142,737$139,684
2 years$73,176$71,814$70,493$69,212$67,970$64,909
3 years$48,300$46,931$45,614$44,345$43,123$40,149
4 years$35,864$34,499$33,195$31,948$30,756$27,893
5 years$28,404$27,048$25,761$24,539$23,380$20,635
6 years$23,433$22,087$20,818$19,624$18,500$15,877
7 years$19,883$18,548$17,300$16,134$15,045$12,544
8 years$17,222$15,899$14,672$13,534$12,482$10,102
9 years$15,153$13,843$12,637$11,528$10,511$8,251
10 years$13,500$12,202$11,017$9,938$8,956$6,813
11 years$12,147$10,863$9,699$8,649$7,703$5,674
12 years$11,021$9,750$8,608$7,586$6,675$4,757
13 years$10,069$8,811$7,691$6,697$5,821$4,011
14 years$9,254$8,009$6,910$5,945$5,102$3,397
15 years$8,548$7,316$6,239$5,302$4,492$2,888
16 years$7,930$6,713$5,656$4,747$3,970$2,463
17 years$7,386$6,182$5,147$4,265$3,520$2,106
18 years$6,903$5,713$4,699$3,844$3,130$1,804
19 years$6,472$5,294$4,301$3,473$2,790$1,549
20 years$6,084$4,920$3,948$3,146$2,492$1,332
21 years$5,733$4,583$3,631$2,855$2,230$1,146
22 years$5,415$4,278$3,347$2,596$1,999$988
23 years$5,125$4,001$3,090$2,364$1,794$852
24 years$4,859$3,748$2,858$2,156$1,613$736
25 years$4,615$3,518$2,647$1,969$1,451$636
26 years$4,390$3,306$2,455$1,801$1,307$550
27 years$4,182$3,111$2,279$1,648$1,179$476
28 years$3,990$2,932$2,119$1,510$1,064$412
29 years$3,810$2,766$1,972$1,385$960$357
30 years$3,644$2,612$1,837$1,271$868$309
31 years$3,488$2,469$1,712$1,167$785$268
32 years$3,342$2,336$1,598$1,073$710$232
33 years$3,206$2,213$1,492$986$642$201
34 years$3,077$2,097$1,394$908$581$174
35 years$2,957$1,989$1,303$835$527$151
36 years$2,843$1,888$1,219$769$477$131
37 years$2,736$1,793$1,141$709$432$114
38 years$2,634$1,704$1,069$653$392$99
39 years$2,538$1,620$1,001$602$356$86
40 years$2,447$1,542$938$556$323$74
41 years$2,361$1,468$880$513$293$64
42 years$2,279$1,398$825$473$265$56
43 years$2,201$1,332$774$437$241$48
44 years$2,127$1,269$727$403$219$42
45 years$2,056$1,210$683$372$199$37
46 years$1,989$1,155$641$344$180$32
47 years$1,924$1,102$602$318$164$27
48 years$1,863$1,052$566$294$149$24
49 years$1,804$1,005$532$271$135$21
50 years$1,748$960$500$251$123$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,790,000, adding $4,202 every year, while hoping to spend $20,541 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: 62/31/7 Blend
59$1,790,000$1,790,000$1,790,000$1,790,000
60$1,976,914$1,882,044$1,854,299$2,096,528
61$2,156,704$1,952,409$1,894,563$2,247,278
62$2,354,144$2,025,533$1,935,487$2,408,972
63$2,571,013$2,101,530$1,977,072$2,584,925
64$2,809,269$2,180,519$2,019,317$2,776,513
65$3,071,073$2,262,622$2,062,222$2,985,252
66$3,358,801$2,347,969$2,105,785$3,212,808
67$3,675,073$2,436,694$2,150,003$3,461,014
68$4,022,776$2,528,937$2,194,874$3,731,888
69$4,405,089$2,624,845$2,240,392$4,027,650
70$4,825,516$2,724,570$2,286,553$4,350,743
71$5,287,916$2,828,272$2,333,350$4,703,855
72$5,796,542$2,936,116$2,380,776$5,089,945
73$6,356,079$3,048,276$2,428,822$5,512,271
74$6,971,691$3,164,933$2,477,479$5,974,418
75$7,649,065$3,286,276$2,526,736$6,480,333
76$8,394,468$3,412,502$2,576,580$7,034,362
77$9,214,806$3,543,817$2,626,998$7,641,287
78$10,117,687$3,680,435$2,677,974$8,306,378
79$11,111,497$3,822,581$2,729,491$9,035,434
80$12,205,471$3,970,490$2,781,530$9,834,842
81$13,409,790$4,124,405$2,834,073$10,711,634
82$14,735,669$4,284,581$2,887,095$11,673,555
83$16,195,468$4,451,286$2,940,573$12,729,134
84$17,802,804$4,624,797$2,994,480$13,887,764
85$19,572,683$4,805,405$3,048,788$15,159,791
86$21,521,641$4,993,414$3,103,467$16,556,608
87$23,667,897$5,189,141$3,158,482$18,090,765
88$26,031,530$5,392,916$3,213,798$19,776,086
89$28,634,663$5,605,086$3,269,377$21,627,795
90$31,501,674$5,826,011$3,325,178$23,662,664
91$34,659,429$6,056,069$3,381,155$25,899,167
92$38,137,529$6,295,655$3,437,262$28,357,655
93$41,968,594$6,545,179$3,493,448$31,060,545
94$46,188,571$6,805,073$3,549,658$34,032,534
95$50,837,070$7,075,786$3,605,836$37,300,826
96$55,957,739$7,357,788$3,661,920$40,895,394
97$61,598,679$7,651,570$3,717,844$44,849,254
98$67,812,891$7,957,644$3,773,539$49,198,784
99$74,658,784$8,276,546$3,828,931$53,984,059
100$82,200,721$8,608,838$3,883,941$59,249,230