Can I retire at age 60 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$155,249$153,866$152,517$151,200$149,914$146,528
2 years$76,856$75,424$74,037$72,692$71,388$67,994
3 years$50,728$49,291$47,907$46,575$45,291$41,997
4 years$37,667$36,234$34,864$33,554$32,302$29,132
5 years$29,832$28,408$27,056$25,773$24,556$21,518
6 years$24,611$23,197$21,865$20,611$19,430$16,529
7 years$20,883$19,481$18,170$16,945$15,802$13,037
8 years$18,088$16,699$15,410$14,215$13,109$10,480
9 years$15,915$14,539$13,272$12,108$11,040$8,545
10 years$14,178$12,816$11,571$10,437$9,406$7,043
11 years$12,758$11,409$10,187$9,084$8,090$5,854
12 years$11,575$10,240$9,041$7,967$7,010$4,899
13 years$10,575$9,254$8,077$7,034$6,113$4,122
14 years$9,719$8,412$7,257$6,244$5,359$3,484
15 years$8,977$7,684$6,553$5,569$4,718$2,956
16 years$8,329$7,050$5,941$4,986$4,170$2,515
17 years$7,758$6,493$5,406$4,480$3,697$2,146
18 years$7,250$6,000$4,935$4,037$3,288$1,834
19 years$6,797$5,560$4,518$3,648$2,930$1,571
20 years$6,390$5,167$4,146$3,304$2,617$1,348
21 years$6,021$4,813$3,814$2,999$2,342$1,158
22 years$5,687$4,493$3,515$2,726$2,100$996
23 years$5,382$4,202$3,245$2,483$1,885$857
24 years$5,103$3,937$3,001$2,265$1,694$738
25 years$4,847$3,695$2,780$2,068$1,524$636
26 years$4,611$3,472$2,578$1,891$1,373$549
27 years$4,392$3,268$2,394$1,731$1,238$474
28 years$4,190$3,079$2,226$1,586$1,117$409
29 years$4,002$2,905$2,071$1,454$1,009$353
30 years$3,827$2,743$1,929$1,335$911$305
31 years$3,663$2,593$1,799$1,226$824$264
32 years$3,510$2,454$1,678$1,127$745$228
33 years$3,367$2,324$1,567$1,036$675$197
34 years$3,232$2,203$1,464$953$611$170
35 years$3,105$2,089$1,369$877$553$147
36 years$2,986$1,983$1,280$808$501$128
37 years$2,873$1,883$1,198$745$454$110
38 years$2,767$1,790$1,122$686$412$95
39 years$2,666$1,702$1,051$633$373$83
40 years$2,570$1,619$985$584$339$72
41 years$2,480$1,541$924$538$307$62
42 years$2,394$1,468$867$497$279$54
43 years$2,312$1,399$813$459$253$46
44 years$2,234$1,333$764$424$230$40
45 years$2,159$1,271$717$391$209$35
46 years$2,089$1,213$673$361$189$30
47 years$2,021$1,157$633$334$172$26
48 years$1,956$1,105$594$308$156$23
49 years$1,895$1,055$559$285$142$20
50 years$1,836$1,008$525$264$129$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,880,000, adding $4,403 every year, while hoping to spend $34,698 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: 45/31/24 Blend
59$1,880,000$1,880,000$1,880,000$1,880,000
60$2,076,302$1,976,662$1,947,522$2,155,178
61$2,251,166$2,036,600$1,975,845$2,271,276
62$2,442,704$2,098,312$2,003,955$2,393,380
63$2,652,579$2,161,848$2,031,806$2,525,110
64$2,882,623$2,227,260$2,059,354$2,667,379
65$3,134,856$2,294,602$2,086,547$2,821,193
66$3,411,501$2,363,926$2,113,336$2,987,660
67$3,715,005$2,435,289$2,139,663$3,167,999
68$4,048,065$2,508,749$2,165,472$3,363,550
69$4,413,653$2,584,363$2,190,701$3,575,792
70$4,815,040$2,662,191$2,215,284$3,806,349
71$5,255,832$2,742,296$2,239,153$4,057,014
72$5,739,999$2,824,740$2,262,237$4,329,757
73$6,271,914$2,909,588$2,284,458$4,626,751
74$6,856,398$2,996,907$2,305,736$4,950,386
75$7,498,759$3,086,763$2,325,986$5,303,297
76$8,204,845$3,179,228$2,345,119$5,688,383
77$8,981,101$3,274,371$2,363,042$6,108,842
78$9,834,624$3,372,266$2,379,655$6,568,191
79$10,773,237$3,472,988$2,394,854$7,070,309
80$11,805,555$3,576,613$2,408,530$7,619,466
81$12,941,074$3,683,219$2,420,568$8,220,368
82$14,190,253$3,792,887$2,430,847$8,878,198
83$15,564,618$3,905,697$2,439,239$9,598,666
84$17,076,867$4,021,735$2,445,612$10,388,064
85$18,740,993$4,141,085$2,449,825$11,253,325
86$20,572,411$4,263,835$2,451,731$12,202,084
87$22,588,109$4,390,075$2,451,176$13,242,758
88$24,806,804$4,519,896$2,447,998$14,384,616
89$27,249,118$4,653,391$2,442,026$15,637,876
90$29,937,777$4,790,656$2,433,084$17,013,793
91$32,897,821$4,931,789$2,420,982$18,524,770
92$36,156,841$5,076,888$2,405,527$20,184,473
93$39,745,238$5,226,056$2,386,512$22,007,961
94$43,696,516$5,379,396$2,363,723$24,011,828
95$48,047,587$5,537,013$2,336,935$26,214,359
96$52,839,129$5,699,015$2,305,911$28,635,702
97$58,115,965$5,865,512$2,270,404$31,298,059
98$63,927,487$6,036,615$2,230,156$34,225,896
99$70,328,121$6,212,439$2,184,896$37,446,173
100$77,377,840$6,393,099$2,134,340$40,988,599