Can I retire at age 60 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$149,468$148,137$146,838$145,570$144,332$139,156
2 years$73,994$72,616$71,280$69,986$68,729$63,570
3 years$48,839$47,455$46,123$44,840$43,605$38,625
4 years$36,265$34,885$33,566$32,305$31,099$26,337
5 years$28,722$27,350$26,048$24,813$23,641$19,109
6 years$23,695$22,333$21,051$19,843$18,706$14,407
7 years$20,105$18,756$17,494$16,314$15,213$11,147
8 years$17,414$16,077$14,836$13,686$12,621$8,783
9 years$15,323$13,998$12,778$11,657$10,629$7,015
10 years$13,650$12,338$11,140$10,049$9,056$5,660
11 years$12,283$10,984$9,808$8,745$7,789$4,603
12 years$11,144$9,859$8,704$7,671$6,749$3,766
13 years$10,182$8,909$7,777$6,772$5,886$3,097
14 years$9,357$8,098$6,987$6,012$5,159$2,557
15 years$8,643$7,398$6,309$5,361$4,543$2,118
16 years$8,019$6,788$5,720$4,800$4,015$1,759
17 years$7,469$6,251$5,205$4,313$3,560$1,463
18 years$6,980$5,776$4,751$3,887$3,165$1,220
19 years$6,544$5,353$4,349$3,512$2,821$1,019
20 years$6,152$4,975$3,992$3,181$2,520$851
21 years$5,797$4,634$3,672$2,887$2,255$712
22 years$5,475$4,325$3,384$2,625$2,021$597
23 years$5,182$4,045$3,124$2,391$1,815$500
24 years$4,913$3,790$2,890$2,180$1,631$419
25 years$4,666$3,557$2,676$1,991$1,468$352
26 years$4,439$3,343$2,482$1,821$1,322$295
27 years$4,229$3,146$2,305$1,666$1,192$248
28 years$4,034$2,965$2,143$1,527$1,075$208
29 years$3,853$2,797$1,994$1,400$971$175
30 years$3,684$2,641$1,857$1,285$877$147
31 years$3,527$2,497$1,732$1,180$793$123
32 years$3,380$2,363$1,616$1,085$718$104
33 years$3,241$2,237$1,508$997$649$87
34 years$3,112$2,121$1,409$918$588$73
35 years$2,990$2,011$1,318$845$533$62
36 years$2,875$1,909$1,233$778$483$52
37 years$2,766$1,813$1,154$717$437$44
38 years$2,664$1,723$1,080$661$396$37
39 years$2,567$1,639$1,012$609$360$31
40 years$2,475$1,559$949$562$326$26
41 years$2,387$1,484$890$518$296$22
42 years$2,304$1,413$835$478$268$18
43 years$2,226$1,347$783$442$244$15
44 years$2,151$1,284$735$408$221$13
45 years$2,079$1,224$690$377$201$11
46 years$2,011$1,168$648$348$182$9
47 years$1,946$1,114$609$321$166$8
48 years$1,884$1,064$572$297$150$6
49 years$1,824$1,016$538$274$137$5
50 years$1,767$970$506$254$124$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,810,000, adding $2,863 every year, while hoping to spend $24,184 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: 55/23/22 Blend
59$1,810,000$1,810,000$1,810,000$1,810,000
60$1,997,573$1,901,643$1,873,588$2,095,316
61$2,175,594$1,969,092$1,910,622$2,230,052
62$2,370,963$2,039,035$1,948,085$2,373,918
63$2,585,422$2,111,570$1,985,968$2,530,079
64$2,820,895$2,186,796$2,024,257$2,699,719
65$3,079,496$2,264,819$2,062,940$2,884,143
66$3,363,557$2,345,747$2,102,001$3,084,788
67$3,675,645$2,429,695$2,141,423$3,303,233
68$4,018,591$2,516,779$2,181,190$3,541,218
69$4,395,509$2,607,124$2,221,282$3,800,657
70$4,809,834$2,700,856$2,261,679$4,083,657
71$5,265,350$2,798,110$2,302,357$4,392,538
72$5,766,222$2,899,024$2,343,293$4,729,854
73$6,317,043$3,003,743$2,384,460$5,098,418
74$6,922,872$3,112,417$2,425,830$5,501,325
75$7,589,283$3,225,203$2,467,373$5,941,984
76$8,322,416$3,342,264$2,509,056$6,424,151
77$9,129,038$3,463,771$2,550,845$6,951,958
78$10,016,604$3,589,900$2,592,703$7,529,960
79$10,993,329$3,720,836$2,634,589$8,163,170
80$12,068,263$3,856,772$2,676,462$8,857,111
81$13,251,379$3,997,907$2,718,277$9,617,867
82$14,553,666$4,144,451$2,759,986$10,452,135
83$15,987,231$4,296,620$2,801,537$11,367,297
84$17,565,417$4,454,643$2,842,876$12,371,480
85$19,302,923$4,618,754$2,883,946$13,473,640
86$21,215,949$4,789,200$2,924,686$14,683,639
87$23,322,343$4,966,239$2,965,031$16,012,343
88$25,641,775$5,150,137$3,004,912$17,471,723
89$28,195,915$5,341,173$3,044,256$19,074,964
90$31,008,646$5,539,638$3,082,986$20,836,595
91$34,106,284$5,745,836$3,121,022$22,772,620
92$37,517,825$5,960,083$3,158,276$24,900,670
93$41,275,224$6,182,707$3,194,659$27,240,173
94$45,413,690$6,414,053$3,230,074$29,812,530
95$49,972,025$6,654,480$3,264,419$32,641,322
96$54,992,983$6,904,361$3,297,589$35,752,529
97$60,523,679$7,164,086$3,329,470$39,174,776
98$66,616,030$7,434,062$3,359,943$42,939,601
99$73,327,247$7,714,714$3,388,883$47,081,754
100$80,720,375$8,006,483$3,416,160$51,639,522