Can I retire at age 60 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$150,294$148,955$147,649$146,374$145,129$139,316
2 years$74,403$73,017$71,674$70,372$69,109$63,326
3 years$49,109$47,718$46,378$45,088$43,846$38,274
4 years$36,465$35,077$33,751$32,483$31,271$25,953
5 years$28,880$27,501$26,192$24,950$23,772$18,721
6 years$23,825$22,457$21,167$19,953$18,810$14,030
7 years$20,216$18,859$17,590$16,405$15,297$10,786
8 years$17,511$16,166$14,918$13,761$12,691$8,444
9 years$15,407$14,075$12,849$11,722$10,687$6,698
10 years$13,726$12,407$11,202$10,104$9,106$5,367
11 years$12,351$11,045$9,862$8,794$7,832$4,333
12 years$11,206$9,913$8,752$7,713$6,787$3,520
13 years$10,238$8,959$7,820$6,810$5,918$2,873
14 years$9,409$8,143$7,026$6,045$5,188$2,353
15 years$8,691$7,439$6,343$5,391$4,568$1,934
16 years$8,063$6,825$5,751$4,827$4,037$1,593
17 years$7,510$6,286$5,233$4,337$3,579$1,315
18 years$7,019$5,808$4,777$3,908$3,183$1,087
19 years$6,580$5,383$4,373$3,532$2,837$900
20 years$6,186$5,002$4,014$3,199$2,534$746
21 years$5,829$4,659$3,692$2,903$2,268$619
22 years$5,505$4,349$3,403$2,639$2,033$514
23 years$5,210$4,068$3,142$2,404$1,825$427
24 years$4,940$3,811$2,906$2,192$1,640$355
25 years$4,692$3,577$2,691$2,002$1,476$295
26 years$4,464$3,362$2,496$1,831$1,329$246
27 years$4,252$3,164$2,318$1,676$1,198$204
28 years$4,056$2,981$2,155$1,535$1,081$170
29 years$3,874$2,812$2,005$1,408$976$142
30 years$3,705$2,656$1,868$1,292$882$118
31 years$3,546$2,511$1,741$1,187$798$98
32 years$3,398$2,376$1,624$1,091$722$82
33 years$3,259$2,250$1,517$1,003$653$68
34 years$3,129$2,132$1,417$923$591$57
35 years$3,006$2,022$1,325$849$535$47
36 years$2,891$1,920$1,239$782$485$39
37 years$2,781$1,823$1,160$721$440$33
38 years$2,678$1,733$1,086$664$399$27
39 years$2,581$1,648$1,018$613$362$23
40 years$2,488$1,568$954$565$328$19
41 years$2,400$1,492$895$521$297$16
42 years$2,317$1,421$839$481$270$13
43 years$2,238$1,354$787$444$245$11
44 years$2,162$1,291$739$410$222$9
45 years$2,091$1,231$694$379$202$8
46 years$2,022$1,174$652$350$183$6
47 years$1,957$1,120$612$323$166$5
48 years$1,894$1,070$575$299$151$4
49 years$1,834$1,021$541$276$137$4
50 years$1,777$976$509$255$125$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,820,000, adding $4,763 every year, while hoping to spend $40,437 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: 76/7/17 Blend
59$1,820,000$1,820,000$1,820,000$1,820,000
60$2,010,553$1,914,093$1,885,883$2,155,345
61$2,172,605$1,964,859$1,906,035$2,302,488
62$2,349,831$2,016,757$1,925,508$2,458,268
63$2,543,735$2,069,800$1,944,234$2,627,973
64$2,755,976$2,124,001$1,962,146$2,812,981
65$2,988,379$2,179,369$1,979,171$3,014,809
66$3,242,952$2,235,917$1,995,231$3,235,126
67$3,521,909$2,293,652$2,010,247$3,475,773
68$3,827,687$2,352,585$2,024,134$3,738,776
69$4,162,970$2,412,721$2,036,802$4,026,370
70$4,530,716$2,474,067$2,048,157$4,341,015
71$4,934,179$2,536,627$2,058,102$4,685,420
72$5,376,948$2,600,404$2,066,531$5,062,572
73$5,862,974$2,665,401$2,073,336$5,475,762
74$6,396,607$2,731,615$2,078,403$5,928,613
75$6,982,643$2,799,046$2,081,611$6,425,121
76$7,626,362$2,867,689$2,082,835$6,969,685
77$8,333,583$2,937,538$2,081,942$7,567,155
78$9,110,714$3,008,583$2,078,792$8,222,875
79$9,964,816$3,080,813$2,073,241$8,942,730
80$10,903,668$3,154,213$2,065,136$9,733,208
81$11,935,840$3,228,768$2,054,315$10,601,458
82$13,070,773$3,304,455$2,040,613$11,555,356
83$14,318,871$3,381,251$2,023,851$12,603,582
84$15,691,592$3,459,130$2,003,847$13,755,700
85$17,201,566$3,538,058$1,980,407$15,022,250
86$18,862,704$3,618,001$1,953,329$16,414,846
87$20,690,335$3,698,919$1,922,401$17,946,287
88$22,701,349$3,780,766$1,887,402$19,630,675
89$24,914,356$3,863,492$1,848,098$21,483,553
90$27,349,859$3,947,042$1,804,249$23,522,046
91$30,030,452$4,031,355$1,755,599$25,765,029
92$32,981,030$4,116,363$1,701,882$28,233,299
93$36,229,021$4,201,991$1,642,822$30,949,775
94$39,804,652$4,288,159$1,578,127$33,939,714
95$43,741,225$4,374,777$1,507,493$37,230,950
96$48,075,438$4,461,750$1,430,602$40,854,155
97$52,847,728$4,548,971$1,347,123$44,843,129
98$58,102,653$4,636,327$1,256,708$49,235,121
99$63,889,311$4,723,694$1,158,995$54,071,180
100$70,261,803$4,810,938$1,053,604$59,396,541