Can I retire at age 60 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$151,120$149,774$148,460$147,178$145,927$141,086
2 years$74,812$73,418$72,068$70,759$69,489$64,659
3 years$49,379$47,980$46,633$45,336$44,087$39,419
4 years$36,665$35,270$33,937$32,662$31,443$26,974
5 years$29,039$27,652$26,336$25,088$23,902$19,643
6 years$23,956$22,580$21,284$20,063$18,913$14,867
7 years$20,327$18,963$17,687$16,495$15,381$11,549
8 years$17,607$16,255$15,000$13,837$12,760$9,138
9 years$15,492$14,153$12,919$11,786$10,746$7,329
10 years$13,801$12,475$11,263$10,160$9,156$5,939
11 years$12,419$11,106$9,916$8,842$7,875$4,852
12 years$11,267$9,968$8,800$7,756$6,824$3,989
13 years$10,294$9,008$7,862$6,847$5,951$3,296
14 years$9,460$8,188$7,064$6,078$5,216$2,734
15 years$8,739$7,480$6,378$5,421$4,593$2,276
16 years$8,108$6,863$5,783$4,853$4,059$1,900
17 years$7,551$6,320$5,262$4,361$3,599$1,589
18 years$7,058$5,840$4,804$3,930$3,200$1,332
19 years$6,616$5,413$4,398$3,551$2,852$1,118
20 years$6,220$5,030$4,036$3,216$2,548$939
21 years$5,861$4,685$3,712$2,919$2,280$790
22 years$5,536$4,373$3,421$2,654$2,044$665
23 years$5,239$4,090$3,159$2,417$1,835$561
24 years$4,967$3,832$2,922$2,204$1,649$473
25 years$4,718$3,596$2,706$2,013$1,484$399
26 years$4,488$3,380$2,510$1,841$1,337$337
27 years$4,276$3,181$2,330$1,685$1,205$284
28 years$4,079$2,997$2,166$1,544$1,087$240
29 years$3,896$2,828$2,016$1,416$982$203
30 years$3,725$2,670$1,878$1,299$887$171
31 years$3,566$2,524$1,751$1,193$802$145
32 years$3,417$2,389$1,633$1,097$726$122
33 years$3,277$2,262$1,525$1,008$657$103
34 years$3,146$2,144$1,425$928$594$88
35 years$3,023$2,034$1,332$854$538$74
36 years$2,906$1,930$1,246$787$488$63
37 years$2,797$1,833$1,167$725$442$53
38 years$2,693$1,742$1,092$668$401$45
39 years$2,595$1,657$1,023$616$364$38
40 years$2,502$1,576$959$568$330$32
41 years$2,414$1,500$899$524$299$27
42 years$2,330$1,429$844$484$271$23
43 years$2,250$1,361$792$447$246$19
44 years$2,174$1,298$743$412$224$16
45 years$2,102$1,237$698$381$203$14
46 years$2,033$1,181$655$352$184$12
47 years$1,967$1,127$616$325$167$10
48 years$1,904$1,075$579$300$152$8
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,830,000, adding $3,185 every year, while hoping to spend $49,017 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: 64/20/16 Blend
59$1,830,000$1,830,000$1,830,000$1,830,000
60$2,019,945$1,922,955$1,894,590$2,141,088
61$2,173,826$1,965,026$1,905,905$2,264,774
62$2,341,760$2,007,516$1,915,957$2,393,923
63$2,525,128$2,050,393$1,924,650$2,533,819
64$2,725,452$2,093,623$1,931,887$2,685,510
65$2,944,406$2,137,169$1,937,563$2,850,153
66$3,183,833$2,180,988$1,941,569$3,029,022
67$3,445,764$2,225,036$1,943,791$3,223,520
68$3,732,433$2,269,264$1,944,109$3,435,192
69$4,046,301$2,313,617$1,942,396$3,665,743
70$4,390,077$2,358,039$1,938,521$3,917,050
71$4,766,748$2,402,465$1,932,344$4,191,182
72$5,179,598$2,446,828$1,923,719$4,490,418
73$5,632,248$2,491,054$1,912,495$4,817,272
74$6,128,685$2,535,063$1,898,512$5,174,512
75$6,673,300$2,578,770$1,881,601$5,565,189
76$7,270,930$2,622,083$1,861,588$5,992,667
77$7,926,902$2,664,902$1,838,288$6,460,652
78$8,647,085$2,707,121$1,811,509$6,973,229
79$9,437,943$2,748,625$1,781,050$7,534,900
80$10,306,597$2,789,292$1,746,699$8,150,627
81$11,260,893$2,828,990$1,708,237$8,825,880
82$12,309,472$2,867,579$1,665,430$9,566,685
83$13,461,855$2,904,907$1,618,039$10,379,686
84$14,728,531$2,940,814$1,565,810$11,272,205
85$16,121,055$2,975,128$1,508,479$12,252,313
86$17,652,158$3,007,666$1,445,769$13,328,904
87$19,335,867$3,038,230$1,377,391$14,511,783
88$21,187,635$3,066,612$1,303,042$15,811,754
89$23,224,487$3,092,590$1,222,408$17,240,726
90$25,465,183$3,115,925$1,135,157$18,811,828
91$27,930,392$3,136,366$1,040,945$20,539,525
92$30,642,887$3,153,642$939,411$22,439,763
93$33,627,759$3,167,468$830,180$24,530,117
94$36,912,656$3,177,540$712,856$26,829,959
95$40,528,041$3,183,534$587,031$29,360,636
96$44,507,480$3,185,105$452,275$32,145,680
97$48,887,957$3,181,889$308,140$35,211,026
98$53,710,225$3,173,498$154,159$38,585,256
99$59,019,189$3,159,521$0$42,299,875
100$64,864,328$3,139,520$0$46,391,339