Can I retire at age 60 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$159,378$157,958$156,573$155,221$153,901$152,739
2 years$78,900$77,430$76,006$74,625$73,286$72,115
3 years$52,077$50,602$49,181$47,813$46,496$45,351
4 years$38,669$37,198$35,791$34,447$33,161$32,052
5 years$30,626$29,163$27,775$26,458$25,209$24,138
6 years$25,265$23,814$22,447$21,159$19,947$18,917
7 years$21,438$19,999$18,653$17,396$16,222$15,233
8 years$18,569$17,143$15,819$14,593$13,458$12,509
9 years$16,339$14,926$13,625$12,430$11,333$10,425
10 years$14,555$13,156$11,879$10,715$9,657$8,788
11 years$13,097$11,712$10,458$9,325$8,305$7,476
12 years$11,883$10,512$9,281$8,179$7,197$6,406
13 years$10,857$9,500$8,292$7,221$6,276$5,523
14 years$9,977$8,635$7,451$6,410$5,501$4,785
15 years$9,216$7,889$6,727$5,717$4,844$4,164
16 years$8,551$7,238$6,099$5,119$4,281$3,635
17 years$7,964$6,666$5,550$4,599$3,796$3,184
18 years$7,443$6,159$5,066$4,145$3,375$2,796
19 years$6,978$5,708$4,638$3,745$3,008$2,460
20 years$6,559$5,305$4,256$3,392$2,687$2,169
21 years$6,181$4,941$3,915$3,078$2,405$1,916
22 years$5,838$4,612$3,608$2,799$2,155$1,695
23 years$5,525$4,314$3,332$2,549$1,935$1,501
24 years$5,239$4,042$3,081$2,325$1,739$1,331
25 years$4,976$3,793$2,854$2,123$1,565$1,181
26 years$4,733$3,565$2,647$1,941$1,410$1,049
27 years$4,509$3,355$2,458$1,777$1,271$933
28 years$4,302$3,161$2,285$1,628$1,147$830
29 years$4,108$2,982$2,126$1,493$1,035$739
30 years$3,929$2,816$1,980$1,370$936$658
31 years$3,761$2,662$1,846$1,258$846$586
32 years$3,604$2,519$1,723$1,157$765$523
33 years$3,456$2,386$1,608$1,064$692$466
34 years$3,318$2,261$1,503$979$627$416
35 years$3,188$2,145$1,405$901$568$371
36 years$3,065$2,036$1,314$830$515$331
37 years$2,950$1,933$1,230$764$466$295
38 years$2,840$1,837$1,152$705$423$264
39 years$2,737$1,747$1,079$650$383$236
40 years$2,639$1,662$1,012$599$348$210
41 years$2,546$1,582$949$553$315$188
42 years$2,457$1,507$890$510$286$168
43 years$2,373$1,436$835$471$260$150
44 years$2,293$1,369$784$435$236$134
45 years$2,217$1,305$736$402$214$120
46 years$2,144$1,245$691$371$194$107
47 years$2,075$1,188$649$343$176$96
48 years$2,008$1,134$610$317$160$86
49 years$1,945$1,083$574$293$146$77
50 years$1,884$1,035$539$271$132$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,930,000, adding $4,388 every year, while hoping to spend $49,505 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: 48/27/25 Blend
59$1,930,000$1,930,000$1,930,000$1,930,000
60$2,131,386$2,029,096$1,999,181$2,218,338
61$2,296,115$2,075,849$2,013,481$2,326,446
62$2,475,986$2,123,233$2,026,600$2,438,518
63$2,672,493$2,171,228$2,038,448$2,559,238
64$2,887,279$2,219,810$2,048,927$2,689,442
65$3,122,151$2,268,950$2,057,936$2,830,055
66$3,379,102$2,318,621$2,065,369$2,982,093
67$3,660,325$2,368,787$2,071,113$3,146,678
68$3,968,234$2,419,413$2,075,050$3,325,047
69$4,305,488$2,470,459$2,077,059$3,518,562
70$4,675,015$2,521,879$2,077,008$3,728,728
71$5,080,041$2,573,625$2,074,762$3,957,201
72$5,524,117$2,625,645$2,070,178$4,205,809
73$6,011,155$2,677,879$2,063,107$4,476,564
74$6,545,463$2,730,266$2,053,392$4,771,689
75$7,131,788$2,782,737$2,040,868$5,093,632
76$7,775,357$2,835,217$2,025,364$5,445,093
77$8,481,927$2,887,627$2,006,698$5,829,048
78$9,257,843$2,939,880$1,984,681$6,248,780
79$10,110,091$2,991,882$1,959,116$6,707,906
80$11,046,368$3,043,532$1,929,794$7,210,417
81$12,075,155$3,094,723$1,896,500$7,760,712
82$13,205,793$3,145,336$1,859,005$8,363,639
83$14,448,574$3,195,247$1,817,071$9,024,547
84$15,814,835$3,244,321$1,770,450$9,749,330
85$17,317,069$3,292,414$1,718,881$10,544,488
86$18,969,039$3,339,371$1,662,092$11,417,186
87$20,785,906$3,385,026$1,599,798$12,375,326
88$22,784,378$3,429,201$1,531,700$13,427,618
89$24,982,861$3,471,709$1,457,489$14,583,662
90$27,401,635$3,512,344$1,376,837$15,854,047
91$30,063,046$3,550,893$1,289,404$17,250,442
92$32,991,713$3,587,123$1,194,836$18,785,714
93$36,214,765$3,620,790$1,092,760$20,474,048
94$39,762,092$3,651,629$982,789$22,331,078
95$43,666,629$3,679,362$864,516$24,374,044
96$47,964,666$3,703,692$737,518$26,621,948
97$52,696,190$3,724,301$601,353$29,095,737
98$57,905,262$3,740,853$455,559$31,818,504
99$63,640,432$3,752,988$299,654$34,815,703
100$69,955,198$3,760,327$133,134$38,115,396