Can I retire at age 60 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$156,074$154,684$153,328$152,004$150,711$145,422
2 years$77,265$75,826$74,431$73,079$71,767$66,494
3 years$50,998$49,553$48,162$46,822$45,532$40,440
4 years$37,867$36,427$35,049$33,733$32,474$27,603
5 years$29,991$28,559$27,200$25,910$24,686$20,048
6 years$24,742$23,320$21,981$20,720$19,533$15,132
7 years$20,994$19,585$18,267$17,035$15,886$11,721
8 years$18,184$16,788$15,492$14,291$13,179$9,246
9 years$16,000$14,617$13,343$12,172$11,098$7,394
10 years$14,254$12,884$11,633$10,493$9,456$5,973
11 years$12,826$11,470$10,241$9,132$8,133$4,864
12 years$11,637$10,295$9,089$8,010$7,048$3,985
13 years$10,632$9,303$8,120$7,071$6,146$3,282
14 years$9,771$8,456$7,296$6,277$5,387$2,713
15 years$9,025$7,725$6,587$5,598$4,743$2,250
16 years$8,373$7,088$5,972$5,013$4,192$1,871
17 years$7,799$6,527$5,435$4,504$3,717$1,560
18 years$7,289$6,032$4,961$4,059$3,305$1,302
19 years$6,833$5,590$4,542$3,667$2,946$1,089
20 years$6,424$5,195$4,168$3,322$2,631$912
21 years$6,053$4,839$3,834$3,015$2,355$764
22 years$5,717$4,517$3,534$2,741$2,111$641
23 years$5,411$4,224$3,263$2,496$1,895$538
24 years$5,130$3,958$3,017$2,277$1,703$452
25 years$4,873$3,714$2,795$2,079$1,532$380
26 years$4,635$3,491$2,592$1,901$1,380$319
27 years$4,416$3,285$2,407$1,740$1,245$268
28 years$4,212$3,096$2,237$1,594$1,123$226
29 years$4,023$2,920$2,082$1,462$1,014$190
30 years$3,847$2,758$1,939$1,342$916$160
31 years$3,683$2,607$1,808$1,232$828$134
32 years$3,529$2,467$1,687$1,133$749$113
33 years$3,385$2,336$1,575$1,041$678$95
34 years$3,249$2,214$1,472$958$614$80
35 years$3,122$2,100$1,376$882$556$68
36 years$3,002$1,993$1,287$812$504$57
37 years$2,888$1,893$1,205$749$457$48
38 years$2,781$1,799$1,128$690$414$40
39 years$2,680$1,711$1,057$636$375$34
40 years$2,584$1,628$991$587$341$29
41 years$2,493$1,550$929$541$309$24
42 years$2,406$1,476$871$500$280$20
43 years$2,324$1,406$818$461$254$17
44 years$2,246$1,340$768$426$231$14
45 years$2,171$1,278$721$393$210$12
46 years$2,100$1,219$677$363$190$10
47 years$2,032$1,164$636$336$173$9
48 years$1,967$1,111$598$310$157$7
49 years$1,905$1,061$562$287$143$6
50 years$1,845$1,013$528$265$129$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,890,000, adding $3,835 every year, while hoping to spend $26,941 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: 80/7/13 Blend
59$1,890,000$1,890,000$1,890,000$1,890,000
60$2,086,736$1,986,566$1,957,271$2,248,155
61$2,270,918$2,055,243$1,994,174$2,423,447
62$2,472,983$2,126,381$2,031,411$2,611,896
63$2,694,728$2,200,075$2,068,964$2,817,926
64$2,938,131$2,276,418$2,106,814$3,043,287
65$3,205,369$2,355,512$2,144,942$3,289,903
66$3,498,843$2,437,459$2,183,324$3,559,895
67$3,821,198$2,522,366$2,221,937$3,855,600
68$4,175,344$2,610,347$2,260,757$4,179,589
69$4,564,492$2,701,517$2,299,755$4,534,696
70$4,992,176$2,795,997$2,338,903$4,924,043
71$5,462,290$2,893,912$2,378,168$5,351,068
72$5,979,124$2,995,395$2,417,517$5,819,557
73$6,547,406$3,100,580$2,456,914$6,333,684
74$7,172,341$3,209,609$2,496,322$6,898,046
75$7,859,669$3,322,629$2,535,697$7,517,704
76$8,615,711$3,439,793$2,574,999$8,198,239
77$9,447,431$3,561,260$2,614,179$8,945,795
78$10,362,503$3,687,196$2,653,188$9,767,144
79$11,369,383$3,817,773$2,691,974$10,669,745
80$12,477,387$3,953,171$2,730,482$11,661,818
81$13,696,779$4,093,575$2,768,652$12,752,418
82$15,038,870$4,239,180$2,806,422$13,951,522
83$16,516,123$4,390,188$2,843,725$15,270,123
84$18,142,269$4,546,808$2,880,491$16,720,334
85$19,932,439$4,709,261$2,916,646$18,315,499
86$21,903,306$4,877,773$2,952,112$20,070,324
87$24,073,241$5,052,581$2,986,805$22,001,011
88$26,462,486$5,233,932$3,020,638$24,125,413
89$29,093,349$5,422,084$3,053,519$26,463,202
90$31,990,408$5,617,303$3,085,349$29,036,052
91$35,180,747$5,819,869$3,116,025$31,867,850
92$38,694,211$6,030,071$3,145,440$34,984,912
93$42,563,687$6,248,211$3,173,479$38,416,238
94$46,825,414$6,474,603$3,200,021$42,193,784
95$51,519,324$6,709,577$3,224,940$46,352,762
96$56,689,421$6,953,472$3,248,101$50,931,972
97$62,384,194$7,206,644$3,269,365$55,974,171
98$68,657,077$7,469,464$3,288,583$61,526,471
99$75,566,949$7,742,318$3,305,601$67,640,790
100$83,178,693$8,025,608$3,320,254$74,374,337