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%13.5%
1 years$150,294$148,955$147,649$146,374$145,129$143,020
2 years$74,403$73,017$71,674$70,372$69,109$66,988
3 years$49,109$47,718$46,378$45,088$43,846$41,779
4 years$36,465$35,077$33,751$32,483$31,271$29,275
5 years$28,880$27,501$26,192$24,950$23,772$21,852
6 years$23,825$22,457$21,167$19,953$18,810$16,969
7 years$20,216$18,859$17,590$16,405$15,297$13,535
8 years$17,511$16,166$14,918$13,761$12,691$11,008
9 years$15,407$14,075$12,849$11,722$10,687$9,082
10 years$13,726$12,407$11,202$10,104$9,106$7,578
11 years$12,351$11,045$9,862$8,794$7,832$6,379
12 years$11,206$9,913$8,752$7,713$6,787$5,408
13 years$10,238$8,959$7,820$6,810$5,918$4,611
14 years$9,409$8,143$7,026$6,045$5,188$3,950
15 years$8,691$7,439$6,343$5,391$4,568$3,398
16 years$8,063$6,825$5,751$4,827$4,037$2,932
17 years$7,510$6,286$5,233$4,337$3,579$2,538
18 years$7,019$5,808$4,777$3,908$3,183$2,201
19 years$6,580$5,383$4,373$3,532$2,837$1,914
20 years$6,186$5,002$4,014$3,199$2,534$1,666
21 years$5,829$4,659$3,692$2,903$2,268$1,453
22 years$5,505$4,349$3,403$2,639$2,033$1,269
23 years$5,210$4,068$3,142$2,404$1,825$1,109
24 years$4,940$3,811$2,906$2,192$1,640$971
25 years$4,692$3,577$2,691$2,002$1,476$850
26 years$4,464$3,362$2,496$1,831$1,329$745
27 years$4,252$3,164$2,318$1,676$1,198$654
28 years$4,056$2,981$2,155$1,535$1,081$574
29 years$3,874$2,812$2,005$1,408$976$504
30 years$3,705$2,656$1,868$1,292$882$442
31 years$3,546$2,511$1,741$1,187$798$389
32 years$3,398$2,376$1,624$1,091$722$342
33 years$3,259$2,250$1,517$1,003$653$300
34 years$3,129$2,132$1,417$923$591$264
35 years$3,006$2,022$1,325$849$535$232
36 years$2,891$1,920$1,239$782$485$204
37 years$2,781$1,823$1,160$721$440$180
38 years$2,678$1,733$1,086$664$399$158
39 years$2,581$1,648$1,018$613$362$139
40 years$2,488$1,568$954$565$328$123
41 years$2,400$1,492$895$521$297$108
42 years$2,317$1,421$839$481$270$95
43 years$2,238$1,354$787$444$245$84
44 years$2,162$1,291$739$410$222$74
45 years$2,091$1,231$694$379$202$65
46 years$2,022$1,174$652$350$183$57
47 years$1,957$1,120$612$323$166$50
48 years$1,894$1,070$575$299$151$44
49 years$1,834$1,021$541$276$137$39
50 years$1,777$976$509$255$125$34

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 $6,000 every year, while hoping to spend $31,525 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: 69/13/18 Blend
59$1,820,000$1,820,000$1,820,000$1,820,000
60$2,011,829$1,915,369$1,887,159$2,141,509
61$2,183,493$1,975,680$1,916,836$2,289,074
62$2,371,611$2,037,889$1,946,452$2,446,195
63$2,577,826$2,102,057$1,975,969$2,617,329
64$2,803,951$2,168,245$2,005,351$2,803,855
65$3,051,982$2,236,516$2,034,557$3,007,292
66$3,324,115$2,306,937$2,063,546$3,229,311
67$3,622,772$2,379,574$2,092,273$3,471,756
68$3,950,620$2,454,498$2,120,689$3,736,654
69$4,310,595$2,531,780$2,148,744$4,026,238
70$4,705,934$2,611,495$2,176,384$4,342,971
71$5,140,200$2,693,720$2,203,554$4,689,561
72$5,617,321$2,778,532$2,230,194$5,068,995
73$6,141,621$2,866,014$2,256,239$5,484,561
74$6,717,868$2,956,250$2,281,624$5,939,882
75$7,351,310$3,049,326$2,306,279$6,438,949
76$8,047,733$3,145,332$2,330,128$6,986,159
77$8,813,508$3,244,360$2,353,094$7,586,355
78$9,655,657$3,346,504$2,375,093$8,244,874
79$10,581,915$3,451,864$2,396,040$8,967,595
80$11,600,804$3,560,540$2,415,841$9,760,995
81$12,721,716$3,672,636$2,434,402$10,632,210
82$13,954,996$3,788,260$2,451,619$11,589,105
83$15,312,044$3,907,523$2,467,387$12,640,342
84$16,805,420$4,030,540$2,481,592$13,795,467
85$18,448,965$4,157,428$2,494,117$15,064,998
86$20,257,927$4,288,309$2,504,838$16,460,523
87$22,249,109$4,423,310$2,513,623$17,994,813
88$24,441,025$4,562,559$2,520,337$19,681,936
89$26,854,076$4,706,191$2,524,834$21,537,397
90$29,510,739$4,854,342$2,526,964$23,578,279
91$32,435,785$5,007,155$2,526,568$25,823,406
92$35,656,507$5,164,778$2,523,480$28,293,521
93$39,202,979$5,327,360$2,517,524$31,011,479
94$43,108,341$5,495,058$2,508,519$34,002,468
95$47,409,109$5,668,034$2,496,272$37,294,240
96$52,145,523$5,846,452$2,480,582$40,917,377
97$57,361,922$6,030,484$2,461,237$44,905,580
98$63,107,168$6,220,307$2,438,018$49,295,983
99$69,435,099$6,416,103$2,410,692$54,129,509
100$76,405,046$6,618,059$2,379,017$59,451,250