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%12.3%
1 years$148,642$147,318$146,027$144,766$143,535$142,154
2 years$73,585$72,215$70,887$69,599$68,350$66,959
3 years$48,570$47,193$45,868$44,593$43,364$42,006
4 years$36,064$34,692$33,380$32,127$30,928$29,613
5 years$28,563$27,199$25,905$24,676$23,511$22,243
6 years$23,564$22,210$20,935$19,734$18,603$17,385
7 years$19,994$18,652$17,397$16,224$15,129$13,960
8 years$17,318$15,988$14,754$13,610$12,551$11,432
9 years$15,238$13,921$12,708$11,593$10,570$9,499
10 years$13,575$12,270$11,079$9,993$9,006$7,984
11 years$12,215$10,924$9,754$8,697$7,746$6,771
12 years$11,083$9,804$8,656$7,628$6,712$5,784
13 years$10,125$8,860$7,734$6,735$5,853$4,970
14 years$9,305$8,054$6,949$5,978$5,131$4,292
15 years$8,595$7,357$6,274$5,332$4,518$3,722
16 years$7,975$6,750$5,688$4,774$3,993$3,239
17 years$7,428$6,217$5,176$4,289$3,540$2,827
18 years$6,942$5,744$4,725$3,866$3,148$2,473
19 years$6,508$5,324$4,325$3,493$2,806$2,169
20 years$6,118$4,947$3,970$3,163$2,506$1,905
21 years$5,765$4,608$3,651$2,871$2,243$1,677
22 years$5,445$4,302$3,365$2,610$2,010$1,478
23 years$5,153$4,023$3,107$2,377$1,804$1,304
24 years$4,886$3,769$2,874$2,168$1,622$1,151
25 years$4,641$3,537$2,662$1,980$1,459$1,018
26 years$4,415$3,325$2,468$1,811$1,315$901
27 years$4,206$3,129$2,292$1,657$1,185$798
28 years$4,012$2,948$2,131$1,518$1,069$707
29 years$3,832$2,781$1,983$1,392$966$627
30 years$3,664$2,627$1,847$1,278$873$556
31 years$3,507$2,483$1,722$1,174$789$493
32 years$3,361$2,350$1,607$1,079$714$438
33 years$3,224$2,225$1,500$992$646$389
34 years$3,095$2,109$1,402$913$585$345
35 years$2,973$2,000$1,310$840$530$307
36 years$2,859$1,898$1,226$774$480$273
37 years$2,751$1,803$1,147$713$435$242
38 years$2,649$1,714$1,074$657$394$216
39 years$2,552$1,629$1,007$606$358$192
40 years$2,461$1,550$944$559$324$170
41 years$2,374$1,476$885$516$294$152
42 years$2,292$1,405$830$476$267$135
43 years$2,213$1,339$779$439$242$120
44 years$2,139$1,276$731$406$220$107
45 years$2,068$1,217$686$375$200$95
46 years$2,000$1,161$645$346$181$85
47 years$1,935$1,108$606$320$165$75
48 years$1,873$1,058$569$295$149$67
49 years$1,814$1,010$535$273$136$60
50 years$1,757$965$503$252$123$53

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 $5,948 every year, while hoping to spend $55,106 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: 62/29/9 Blend
59$1,800,000$1,800,000$1,800,000$1,800,000
60$1,989,735$1,894,335$1,866,435$2,108,855
61$2,134,056$1,928,525$1,870,329$2,223,436
62$2,291,250$1,962,544$1,872,505$2,341,537
63$2,462,574$1,996,324$1,872,850$2,469,053
64$2,649,407$2,029,795$1,871,241$2,606,896
65$2,853,270$2,062,878$1,867,551$2,756,067
66$3,075,836$2,095,492$1,861,647$2,917,674
67$3,318,947$2,127,547$1,853,388$3,092,934
68$3,584,631$2,158,948$1,842,627$3,283,190
69$3,875,120$2,189,593$1,829,212$3,489,923
70$4,192,871$2,219,372$1,812,980$3,714,764
71$4,540,592$2,248,170$1,793,763$3,959,510
72$4,921,262$2,275,859$1,771,383$4,226,143
73$5,338,162$2,302,308$1,745,656$4,516,849
74$5,794,907$2,327,373$1,716,388$4,834,033
75$6,295,475$2,350,902$1,683,375$5,180,351
76$6,844,251$2,372,733$1,646,404$5,558,728
77$7,446,060$2,392,693$1,605,255$5,972,389
78$8,106,221$2,410,597$1,559,693$6,424,890
79$8,830,588$2,426,250$1,509,476$6,920,149
80$9,625,614$2,439,441$1,454,349$7,462,488
81$10,498,402$2,449,950$1,394,046$8,056,667
82$11,456,781$2,457,539$1,328,288$8,707,939
83$12,509,372$2,461,958$1,256,785$9,422,089
84$13,665,673$2,462,939$1,179,232$10,205,500
85$14,936,148$2,460,199$1,095,313$11,065,203
86$16,332,323$2,453,438$1,004,694$12,008,953
87$17,866,899$2,442,334$907,030$13,045,296
88$19,553,864$2,426,550$801,956$14,183,656
89$21,408,632$2,405,725$689,096$15,434,419
90$23,448,186$2,379,479$568,054$16,809,034
91$25,691,234$2,347,406$438,417$18,320,125
92$28,158,390$2,309,079$299,754$19,981,604
93$30,872,365$2,264,044$151,616$21,808,810
94$33,858,183$2,211,819$0$23,818,650
95$37,143,415$2,151,895$0$26,030,383
96$40,758,439$2,083,734$0$28,479,510
97$44,736,727$2,006,764$0$31,174,151
98$49,115,159$1,920,382$0$34,139,323
99$53,934,373$1,823,948$0$37,402,593
100$59,239,146$1,716,788$0$40,994,351