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%14.6%
1 years$151,120$149,774$148,460$147,178$145,927$143,156
2 years$74,812$73,418$72,068$70,759$69,489$66,708
3 years$49,379$47,980$46,633$45,336$44,087$41,383
4 years$36,665$35,270$33,937$32,662$31,443$28,837
5 years$29,039$27,652$26,336$25,088$23,902$21,401
6 years$23,956$22,580$21,284$20,063$18,913$16,520
7 years$20,327$18,963$17,687$16,495$15,381$13,096
8 years$17,607$16,255$15,000$13,837$12,760$10,583
9 years$15,492$14,153$12,919$11,786$10,746$8,675
10 years$13,801$12,475$11,263$10,160$9,156$7,190
11 years$12,419$11,106$9,916$8,842$7,875$6,010
12 years$11,267$9,968$8,800$7,756$6,824$5,059
13 years$10,294$9,008$7,862$6,847$5,951$4,283
14 years$9,460$8,188$7,064$6,078$5,216$3,642
15 years$8,739$7,480$6,378$5,421$4,593$3,109
16 years$8,108$6,863$5,783$4,853$4,059$2,662
17 years$7,551$6,320$5,262$4,361$3,599$2,286
18 years$7,058$5,840$4,804$3,930$3,200$1,967
19 years$6,616$5,413$4,398$3,551$2,852$1,696
20 years$6,220$5,030$4,036$3,216$2,548$1,465
21 years$5,861$4,685$3,712$2,919$2,280$1,267
22 years$5,536$4,373$3,421$2,654$2,044$1,097
23 years$5,239$4,090$3,159$2,417$1,835$951
24 years$4,967$3,832$2,922$2,204$1,649$825
25 years$4,718$3,596$2,706$2,013$1,484$716
26 years$4,488$3,380$2,510$1,841$1,337$622
27 years$4,276$3,181$2,330$1,685$1,205$541
28 years$4,079$2,997$2,166$1,544$1,087$471
29 years$3,896$2,828$2,016$1,416$982$409
30 years$3,725$2,670$1,878$1,299$887$356
31 years$3,566$2,524$1,751$1,193$802$310
32 years$3,417$2,389$1,633$1,097$726$270
33 years$3,277$2,262$1,525$1,008$657$235
34 years$3,146$2,144$1,425$928$594$205
35 years$3,023$2,034$1,332$854$538$179
36 years$2,906$1,930$1,246$787$488$156
37 years$2,797$1,833$1,167$725$442$136
38 years$2,693$1,742$1,092$668$401$118
39 years$2,595$1,657$1,023$616$364$103
40 years$2,502$1,576$959$568$330$90
41 years$2,414$1,500$899$524$299$79
42 years$2,330$1,429$844$484$271$69
43 years$2,250$1,361$792$447$246$60
44 years$2,174$1,298$743$412$224$52
45 years$2,102$1,237$698$381$203$45
46 years$2,033$1,181$655$352$184$40
47 years$1,967$1,127$616$325$167$35
48 years$1,904$1,075$579$300$152$30
49 years$1,844$1,027$544$278$138$26
50 years$1,787$981$511$257$125$23

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 $3,135 every year, while hoping to spend $27,550 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: 50/23/27 Blend
59$1,830,000$1,830,000$1,830,000$1,830,000
60$2,019,894$1,922,904$1,894,539$2,105,331
61$2,196,610$1,987,813$1,928,693$2,230,214
62$2,390,428$2,054,980$1,963,068$2,362,871
63$2,603,063$2,124,485$1,997,642$2,506,518
64$2,836,404$2,196,413$2,032,391$2,662,210
65$3,092,532$2,270,853$2,067,292$2,831,108
66$3,373,741$2,347,895$2,102,316$3,014,490
67$3,682,554$2,427,633$2,137,436$3,213,761
68$4,021,754$2,510,167$2,172,619$3,430,470
69$4,394,405$2,595,598$2,207,834$3,666,322
70$4,803,884$2,684,031$2,243,046$3,923,190
71$5,253,908$2,775,577$2,278,216$4,203,142
72$5,748,576$2,870,349$2,313,306$4,508,451
73$6,292,401$2,968,467$2,348,272$4,841,622
74$6,890,357$3,070,052$2,383,070$5,205,410
75$7,547,922$3,175,234$2,417,651$5,602,854
76$8,271,134$3,284,144$2,451,966$6,037,298
77$9,066,643$3,396,920$2,485,960$6,512,423
78$9,941,777$3,513,705$2,519,576$7,032,288
79$10,904,610$3,634,649$2,552,754$7,601,359
80$11,964,039$3,759,905$2,585,430$8,224,558
81$13,129,865$3,889,635$2,617,536$8,907,305
82$14,412,888$4,024,004$2,649,000$9,655,573
83$15,825,009$4,163,186$2,679,748$10,475,938
84$17,379,339$4,307,361$2,709,699$11,375,647
85$19,090,326$4,456,717$2,738,768$12,362,682
86$20,973,890$4,611,447$2,766,868$13,445,837
87$23,047,573$4,771,754$2,793,905$14,634,801
88$25,330,704$4,937,848$2,819,778$15,940,247
89$27,844,580$5,109,948$2,844,386$17,373,934
90$30,612,672$5,288,279$2,867,617$18,948,818
91$33,660,839$5,473,080$2,889,357$20,679,173
92$37,017,578$5,664,594$2,909,484$22,580,727
93$40,714,289$5,863,078$2,927,870$24,670,805
94$44,785,574$6,068,796$2,944,381$26,968,502
95$49,269,561$6,282,024$2,958,875$29,494,852
96$54,208,263$6,503,051$2,971,205$32,273,034
97$59,647,979$6,732,174$2,981,214$35,328,586
98$65,639,726$6,969,703$2,988,738$38,689,648
99$72,239,723$7,215,963$2,993,605$42,387,226
100$79,509,918$7,471,289$2,995,634$46,455,487