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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$148,642$147,318$146,027$144,766$143,535$141,859
2 years$73,585$72,215$70,887$69,599$68,350$66,663
3 years$48,570$47,193$45,868$44,593$43,364$41,718
4 years$36,064$34,692$33,380$32,127$30,928$29,336
5 years$28,563$27,199$25,905$24,676$23,511$21,978
6 years$23,564$22,210$20,935$19,734$18,603$17,131
7 years$19,994$18,652$17,397$16,224$15,129$13,718
8 years$17,318$15,988$14,754$13,610$12,551$11,201
9 years$15,238$13,921$12,708$11,593$10,570$9,281
10 years$13,575$12,270$11,079$9,993$9,006$7,777
11 years$12,215$10,924$9,754$8,697$7,746$6,575
12 years$11,083$9,804$8,656$7,628$6,712$5,598
13 years$10,125$8,860$7,734$6,735$5,853$4,795
14 years$9,305$8,054$6,949$5,978$5,131$4,128
15 years$8,595$7,357$6,274$5,332$4,518$3,567
16 years$7,975$6,750$5,688$4,774$3,993$3,093
17 years$7,428$6,217$5,176$4,289$3,540$2,690
18 years$6,942$5,744$4,725$3,866$3,148$2,346
19 years$6,508$5,324$4,325$3,493$2,806$2,049
20 years$6,118$4,947$3,970$3,163$2,506$1,794
21 years$5,765$4,608$3,651$2,871$2,243$1,573
22 years$5,445$4,302$3,365$2,610$2,010$1,381
23 years$5,153$4,023$3,107$2,377$1,804$1,214
24 years$4,886$3,769$2,874$2,168$1,622$1,068
25 years$4,641$3,537$2,662$1,980$1,459$940
26 years$4,415$3,325$2,468$1,811$1,315$829
27 years$4,206$3,129$2,292$1,657$1,185$731
28 years$4,012$2,948$2,131$1,518$1,069$645
29 years$3,832$2,781$1,983$1,392$966$570
30 years$3,664$2,627$1,847$1,278$873$503
31 years$3,507$2,483$1,722$1,174$789$445
32 years$3,361$2,350$1,607$1,079$714$393
33 years$3,224$2,225$1,500$992$646$348
34 years$3,095$2,109$1,402$913$585$308
35 years$2,973$2,000$1,310$840$530$272
36 years$2,859$1,898$1,226$774$480$241
37 years$2,751$1,803$1,147$713$435$213
38 years$2,649$1,714$1,074$657$394$189
39 years$2,552$1,629$1,007$606$358$167
40 years$2,461$1,550$944$559$324$148
41 years$2,374$1,476$885$516$294$131
42 years$2,292$1,405$830$476$267$116
43 years$2,213$1,339$779$439$242$103
44 years$2,139$1,276$731$406$220$91
45 years$2,068$1,217$686$375$200$81
46 years$2,000$1,161$645$346$181$72
47 years$1,935$1,108$606$320$165$63
48 years$1,873$1,058$569$295$149$56
49 years$1,814$1,010$535$273$136$50
50 years$1,757$965$503$252$123$44

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 $2,899 every year, while hoping to spend $32,622 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: 62/18/20 Blend
59$1,800,000$1,800,000$1,800,000$1,800,000
60$1,986,590$1,891,190$1,863,290$2,099,319
61$2,154,513$1,949,149$1,891,001$2,233,691
62$2,338,470$2,008,854$1,918,547$2,376,432
63$2,540,064$2,070,358$1,945,887$2,531,522
64$2,761,056$2,133,711$1,972,980$2,700,167
65$3,003,390$2,198,969$1,999,781$2,883,695
66$3,269,204$2,266,187$2,026,242$3,083,569
67$3,560,854$2,335,421$2,052,313$3,301,398
68$3,880,936$2,406,732$2,077,940$3,538,956
69$4,232,307$2,480,178$2,103,067$3,798,196
70$4,618,118$2,555,821$2,127,635$4,081,269
71$5,041,835$2,633,726$2,151,580$4,390,543
72$5,507,281$2,713,957$2,174,836$4,728,628
73$6,018,664$2,796,582$2,197,334$5,098,398
74$6,580,622$2,881,668$2,218,999$5,503,019
75$7,198,264$2,969,288$2,239,754$5,945,980
76$7,877,217$3,059,514$2,259,516$6,431,122
77$8,623,683$3,152,419$2,278,199$6,962,678
78$9,444,492$3,248,081$2,295,712$7,545,312
79$10,347,171$3,346,578$2,311,959$8,184,161
80$11,340,012$3,447,991$2,326,840$8,884,885
81$12,432,153$3,552,401$2,340,248$9,653,721
82$13,633,659$3,659,895$2,352,073$10,497,539
83$14,955,621$3,770,559$2,362,197$11,423,910
84$16,410,261$3,884,483$2,370,496$12,441,175
85$18,011,042$4,001,757$2,376,843$13,558,524
86$19,772,801$4,122,477$2,381,100$14,786,084
87$21,711,886$4,246,737$2,383,126$16,135,013
88$23,846,309$4,374,638$2,382,771$17,617,606
89$26,195,917$4,506,279$2,379,878$19,247,410
90$28,782,579$4,641,766$2,374,283$21,039,352
91$31,630,394$4,781,203$2,365,813$23,009,882
92$34,765,913$4,924,701$2,354,286$25,177,125
93$38,218,395$5,072,371$2,339,514$27,561,054
94$42,020,081$5,224,327$2,321,298$30,183,677
95$46,206,497$5,380,686$2,299,428$33,069,247
96$50,816,788$5,541,568$2,273,688$36,244,487
97$55,894,092$5,707,096$2,243,848$39,738,846
98$61,485,941$5,877,396$2,209,669$43,584,775
99$67,644,715$6,052,596$2,170,900$47,818,035
100$74,428,130$6,232,828$2,127,280$52,478,030