Can I retire at age 60 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$148,642$147,318$146,027$144,766$143,535$140,178
2 years$73,585$72,215$70,887$69,599$68,350$64,988
3 years$48,570$47,193$45,868$44,593$43,364$40,101
4 years$36,064$34,692$33,380$32,127$30,928$27,789
5 years$28,563$27,199$25,905$24,676$23,511$20,505
6 years$23,564$22,210$20,935$19,734$18,603$15,733
7 years$19,994$18,652$17,397$16,224$15,129$12,396
8 years$17,318$15,988$14,754$13,610$12,551$9,953
9 years$15,238$13,921$12,708$11,593$10,570$8,105
10 years$13,575$12,270$11,079$9,993$9,006$6,672
11 years$12,215$10,924$9,754$8,697$7,746$5,539
12 years$11,083$9,804$8,656$7,628$6,712$4,629
13 years$10,125$8,860$7,734$6,735$5,853$3,890
14 years$9,305$8,054$6,949$5,978$5,131$3,283
15 years$8,595$7,357$6,274$5,332$4,518$2,781
16 years$7,975$6,750$5,688$4,774$3,993$2,363
17 years$7,428$6,217$5,176$4,289$3,540$2,013
18 years$6,942$5,744$4,725$3,866$3,148$1,719
19 years$6,508$5,324$4,325$3,493$2,806$1,470
20 years$6,118$4,947$3,970$3,163$2,506$1,259
21 years$5,765$4,608$3,651$2,871$2,243$1,080
22 years$5,445$4,302$3,365$2,610$2,010$927
23 years$5,153$4,023$3,107$2,377$1,804$797
24 years$4,886$3,769$2,874$2,168$1,622$685
25 years$4,641$3,537$2,662$1,980$1,459$590
26 years$4,415$3,325$2,468$1,811$1,315$508
27 years$4,206$3,129$2,292$1,657$1,185$438
28 years$4,012$2,948$2,131$1,518$1,069$377
29 years$3,832$2,781$1,983$1,392$966$325
30 years$3,664$2,627$1,847$1,278$873$281
31 years$3,507$2,483$1,722$1,174$789$242
32 years$3,361$2,350$1,607$1,079$714$209
33 years$3,224$2,225$1,500$992$646$180
34 years$3,095$2,109$1,402$913$585$156
35 years$2,973$2,000$1,310$840$530$134
36 years$2,859$1,898$1,226$774$480$116
37 years$2,751$1,803$1,147$713$435$100
38 years$2,649$1,714$1,074$657$394$87
39 years$2,552$1,629$1,007$606$358$75
40 years$2,461$1,550$944$559$324$65
41 years$2,374$1,476$885$516$294$56
42 years$2,292$1,405$830$476$267$48
43 years$2,213$1,339$779$439$242$42
44 years$2,139$1,276$731$406$220$36
45 years$2,068$1,217$686$375$200$31
46 years$2,000$1,161$645$346$181$27
47 years$1,935$1,108$606$320$165$23
48 years$1,873$1,058$569$295$149$20
49 years$1,814$1,010$535$273$136$17
50 years$1,757$965$503$252$123$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,800,000, adding $2,715 every year, while hoping to spend $42,352 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: 33/39/28 Blend
59$1,800,000$1,800,000$1,800,000$1,800,000
60$1,986,401$1,891,001$1,863,101$2,034,972
61$2,143,951$1,938,597$1,880,452$2,119,735
62$2,316,153$1,987,107$1,896,966$2,207,070
63$2,504,454$2,036,529$1,912,568$2,300,373
64$2,710,452$2,086,863$1,927,183$2,400,202
65$2,935,905$2,138,105$1,940,730$2,507,170
66$3,182,746$2,190,252$1,953,123$2,621,956
67$3,453,108$2,243,296$1,964,274$2,745,307
68$3,749,336$2,297,229$1,974,089$2,878,045
69$4,074,017$2,352,041$1,982,469$3,021,077
70$4,429,995$2,407,720$1,989,311$3,175,404
71$4,820,407$2,464,251$1,994,505$3,342,128
72$5,248,706$2,521,616$1,997,938$3,522,465
73$5,718,694$2,579,795$1,999,489$3,717,756
74$6,234,561$2,638,766$1,999,033$3,929,478
75$6,800,923$2,698,502$1,996,437$4,159,260
76$7,422,863$2,758,974$1,991,563$4,408,900
77$8,105,979$2,820,149$1,984,265$4,680,378
78$8,856,443$2,881,989$1,974,392$4,975,879
79$9,681,049$2,944,455$1,961,782$5,297,811
80$10,587,283$3,007,501$1,946,270$5,648,831
81$11,583,395$3,071,078$1,927,679$6,031,866
82$12,678,471$3,135,131$1,905,826$6,450,146
83$13,882,522$3,199,599$1,880,518$6,907,231
84$15,206,579$3,264,418$1,851,554$7,407,049
85$16,662,792$3,329,517$1,818,723$7,953,927
86$18,264,550$3,394,817$1,781,805$8,552,640
87$20,026,606$3,460,235$1,740,567$9,208,450
88$21,965,213$3,525,679$1,694,768$9,927,162
89$24,098,278$3,591,050$1,644,156$10,715,174
90$26,445,532$3,656,242$1,588,466$11,579,542
91$29,028,718$3,721,140$1,527,421$12,528,045
92$31,871,789$3,785,618$1,460,732$13,569,260
93$35,001,141$3,849,542$1,388,096$14,712,644
94$38,445,858$3,912,770$1,309,197$15,968,623
95$42,237,986$3,975,146$1,223,705$17,348,693
96$46,412,836$4,036,504$1,131,275$18,865,526
97$51,009,317$4,096,665$1,031,545$20,533,097
98$56,070,305$4,155,439$924,140$22,366,809
99$61,643,042$4,212,621$808,664$24,383,646
100$67,779,585$4,267,992$684,707$26,602,330