Can I retire at age 60 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$158,552$157,140$155,762$154,417$153,103$151,253
2 years$78,491$77,029$75,612$74,239$72,906$71,044
3 years$51,808$50,339$48,926$47,566$46,255$44,439
4 years$38,468$37,005$35,606$34,268$32,989$31,233
5 years$30,467$29,012$27,632$26,321$25,078$23,387
6 years$25,135$23,691$22,330$21,049$19,843$18,219
7 years$21,327$19,895$18,557$17,306$16,138$14,582
8 years$18,473$17,054$15,738$14,517$13,388$11,900
9 years$16,254$14,849$13,555$12,366$11,275$9,853
10 years$14,480$13,088$11,817$10,659$9,607$8,251
11 years$13,029$11,652$10,404$9,277$8,262$6,972
12 years$11,822$10,458$9,233$8,137$7,160$5,933
13 years$10,800$9,451$8,249$7,184$6,243$5,079
14 years$9,926$8,591$7,412$6,377$5,473$4,368
15 years$9,168$7,848$6,692$5,687$4,819$3,773
16 years$8,506$7,200$6,067$5,092$4,259$3,269
17 years$7,923$6,631$5,521$4,575$3,776$2,841
18 years$7,405$6,127$5,040$4,123$3,358$2,476
19 years$6,942$5,679$4,614$3,726$2,993$2,161
20 years$6,525$5,277$4,234$3,374$2,673$1,891
21 years$6,149$4,915$3,895$3,062$2,392$1,656
22 years$5,808$4,588$3,590$2,784$2,144$1,453
23 years$5,497$4,291$3,314$2,536$1,925$1,276
24 years$5,212$4,021$3,065$2,313$1,730$1,122
25 years$4,950$3,773$2,839$2,112$1,557$987
26 years$4,709$3,546$2,633$1,931$1,402$869
27 years$4,486$3,337$2,445$1,768$1,264$766
28 years$4,279$3,145$2,273$1,620$1,141$676
29 years$4,087$2,967$2,115$1,485$1,030$596
30 years$3,908$2,802$1,970$1,363$931$526
31 years$3,741$2,649$1,837$1,252$841$465
32 years$3,585$2,506$1,714$1,151$761$410
33 years$3,438$2,373$1,600$1,058$689$363
34 years$3,301$2,249$1,495$973$624$320
35 years$3,171$2,134$1,398$896$565$283
36 years$3,049$2,025$1,308$825$512$251
37 years$2,934$1,923$1,224$760$464$222
38 years$2,825$1,828$1,146$701$421$196
39 years$2,723$1,738$1,074$646$381$173
40 years$2,625$1,654$1,006$596$346$153
41 years$2,532$1,574$944$550$314$136
42 years$2,444$1,499$885$508$285$120
43 years$2,361$1,428$831$469$258$106
44 years$2,281$1,362$780$433$235$94
45 years$2,205$1,298$732$400$213$83
46 years$2,133$1,239$688$369$193$74
47 years$2,064$1,182$646$341$176$65
48 years$1,998$1,128$607$315$159$58
49 years$1,935$1,078$571$291$145$51
50 years$1,875$1,029$536$269$132$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,920,000, adding $2,981 every year, while hoping to spend $34,700 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: 75/18/7 Blend
59$1,920,000$1,920,000$1,920,000$1,920,000
60$2,118,915$2,017,155$1,987,395$2,275,671
61$2,298,124$2,079,075$2,017,052$2,441,130
62$2,494,449$2,142,866$2,046,540$2,617,673
63$2,709,599$2,208,583$2,075,816$2,810,127
64$2,945,458$2,276,283$2,104,835$3,020,055
65$3,204,098$2,346,024$2,133,550$3,249,179
66$3,487,802$2,417,866$2,161,910$3,499,393
67$3,799,086$2,491,870$2,189,863$3,772,784
68$4,140,721$2,568,099$2,217,351$4,071,650
69$4,515,756$2,646,618$2,244,314$4,398,520
70$4,927,556$2,727,494$2,270,691$4,756,182
71$5,379,821$2,810,796$2,296,414$5,147,704
72$5,876,631$2,896,594$2,321,412$5,576,466
73$6,422,480$2,984,960$2,345,612$6,046,190
74$7,022,319$3,075,968$2,368,936$6,560,975
75$7,681,600$3,169,696$2,391,300$7,125,340
76$8,406,333$3,266,220$2,412,618$7,744,257
77$9,203,137$3,365,623$2,432,798$8,423,207
78$10,079,304$3,467,986$2,451,745$9,168,225
79$11,042,871$3,573,394$2,469,355$9,985,963
80$12,102,688$3,681,935$2,485,523$10,883,744
81$13,268,510$3,793,698$2,500,136$11,869,640
82$14,551,084$3,908,775$2,513,076$12,952,542
83$15,962,249$4,027,260$2,524,219$14,142,244
84$17,515,053$4,149,249$2,533,435$15,449,539
85$19,223,869$4,274,843$2,540,585$16,886,315
86$21,104,536$4,404,143$2,545,527$18,465,673
87$23,174,505$4,537,253$2,548,110$20,202,045
88$25,453,007$4,674,281$2,548,174$22,111,333
89$27,961,229$4,815,336$2,545,553$24,211,059
90$30,722,519$4,960,531$2,540,073$26,520,527
91$33,762,601$5,109,983$2,531,551$29,061,008
92$37,109,822$5,263,808$2,519,794$31,855,940
93$40,795,419$5,422,129$2,504,601$34,931,147
94$44,853,808$5,585,070$2,485,762$38,315,085
95$49,322,917$5,752,759$2,463,056$42,039,108
96$54,244,537$5,925,327$2,436,250$46,137,764
97$59,664,718$6,102,906$2,405,103$50,649,123
98$65,634,206$6,285,635$2,369,361$55,615,133
99$72,208,918$6,473,654$2,328,757$61,082,018
100$79,450,471$6,667,107$2,283,014$67,100,711