Can I retire at age 60 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$156,900$155,503$154,139$152,808$151,509$150,491
2 years$77,673$76,227$74,825$73,465$72,147$71,120
3 years$51,268$49,815$48,417$47,070$45,773$44,770
4 years$38,068$36,619$35,235$33,911$32,646$31,673
5 years$30,150$28,710$27,344$26,047$24,817$23,878
6 years$24,873$23,444$22,098$20,830$19,637$18,733
7 years$21,105$19,688$18,363$17,126$15,970$15,101
8 years$18,280$16,876$15,574$14,366$13,249$12,415
9 years$16,085$14,694$13,414$12,237$11,157$10,359
10 years$14,329$12,952$11,694$10,548$9,506$8,743
11 years$12,894$11,530$10,295$9,180$8,176$7,447
12 years$11,698$10,349$9,137$8,052$7,085$6,389
13 years$10,688$9,353$8,163$7,109$6,178$5,515
14 years$9,822$8,501$7,335$6,310$5,416$4,785
15 years$9,073$7,766$6,622$5,628$4,769$4,169
16 years$8,418$7,125$6,004$5,039$4,214$3,645
17 years$7,840$6,562$5,463$4,528$3,737$3,197
18 years$7,328$6,064$4,987$4,080$3,323$2,811
19 years$6,869$5,620$4,566$3,687$2,962$2,477
20 years$6,457$5,222$4,190$3,339$2,645$2,188
21 years$6,085$4,864$3,854$3,031$2,367$1,935
22 years$5,747$4,540$3,552$2,755$2,122$1,714
23 years$5,439$4,247$3,280$2,509$1,905$1,520
24 years$5,157$3,979$3,033$2,289$1,712$1,350
25 years$4,898$3,734$2,809$2,090$1,541$1,200
26 years$4,660$3,509$2,606$1,911$1,388$1,068
27 years$4,439$3,303$2,420$1,749$1,251$951
28 years$4,235$3,112$2,249$1,603$1,129$847
29 years$4,045$2,936$2,093$1,470$1,019$755
30 years$3,868$2,773$1,950$1,349$921$674
31 years$3,702$2,621$1,818$1,239$833$601
32 years$3,548$2,480$1,696$1,139$753$537
33 years$3,403$2,349$1,583$1,047$682$480
34 years$3,266$2,226$1,479$963$617$428
35 years$3,138$2,111$1,383$887$559$383
36 years$3,018$2,004$1,294$817$507$342
37 years$2,904$1,903$1,211$752$459$306
38 years$2,796$1,809$1,134$694$416$274
39 years$2,694$1,720$1,063$640$377$245
40 years$2,598$1,636$996$590$342$219
41 years$2,506$1,558$934$544$311$196
42 years$2,419$1,484$876$502$282$176
43 years$2,336$1,414$822$464$256$157
44 years$2,257$1,347$772$428$232$141
45 years$2,182$1,285$725$395$211$126
46 years$2,111$1,226$681$365$191$113
47 years$2,043$1,170$639$337$174$101
48 years$1,977$1,117$601$312$158$90
49 years$1,915$1,066$565$288$143$81
50 years$1,855$1,019$531$266$130$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,900,000, adding $5,624 every year, while hoping to spend $36,345 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: 56/18/26 Blend
59$1,900,000$1,900,000$1,900,000$1,900,000
60$2,099,601$1,998,901$1,969,451$2,201,917
61$2,275,090$2,058,177$1,996,757$2,332,064
62$2,467,260$2,119,138$2,023,759$2,469,513
63$2,677,775$2,181,831$2,050,410$2,618,519
64$2,908,467$2,246,299$2,076,657$2,780,206
65$3,161,352$2,312,589$2,102,447$2,955,813
66$3,438,652$2,380,748$2,127,721$3,146,705
67$3,742,815$2,450,825$2,152,420$3,354,385
68$4,076,535$2,522,868$2,176,479$3,580,507
69$4,442,781$2,596,928$2,199,830$3,826,897
70$4,844,822$2,673,056$2,222,403$4,095,561
71$5,286,262$2,751,304$2,244,121$4,388,713
72$5,771,068$2,831,724$2,264,906$4,708,791
73$6,303,610$2,914,372$2,284,674$5,058,479
74$6,888,704$2,999,302$2,303,336$5,440,735
75$7,531,655$3,086,571$2,320,801$5,858,820
76$8,238,306$3,176,236$2,336,971$6,316,325
77$9,015,096$3,268,354$2,351,742$6,817,205
78$9,869,118$3,362,986$2,365,007$7,365,821
79$10,808,187$3,460,190$2,376,653$7,966,977
80$11,840,911$3,560,029$2,386,561$8,625,964
81$12,976,778$3,662,564$2,394,604$9,348,616
82$14,226,238$3,767,858$2,400,652$10,141,359
83$15,600,806$3,875,975$2,404,566$11,011,273
84$17,113,170$3,986,980$2,406,201$11,966,163
85$18,777,310$4,100,938$2,405,405$13,014,626
86$20,608,627$4,217,916$2,402,018$14,166,138
87$22,624,094$4,337,981$2,395,872$15,431,139
88$24,842,411$4,461,201$2,386,793$16,821,137
89$27,284,181$4,587,644$2,374,595$18,348,810
90$29,972,109$4,717,380$2,359,085$20,028,130
91$32,931,211$4,850,479$2,340,062$21,874,494
92$36,189,053$4,987,011$2,317,312$23,904,871
93$39,776,009$5,127,047$2,290,615$26,137,959
94$43,725,548$5,270,659$2,259,737$28,594,364
95$48,074,551$5,417,918$2,224,434$31,296,792
96$52,863,655$5,568,895$2,184,453$34,270,269
97$58,137,641$5,723,664$2,139,525$37,542,371
98$63,945,853$5,882,297$2,089,372$41,143,489
99$70,342,665$6,044,864$2,033,701$45,107,113
100$77,387,993$6,211,439$1,972,206$49,470,150