Can I retire at age 60 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$152,771$151,410$150,083$148,787$147,522$145,981
2 years$75,629$74,221$72,856$71,532$70,248$68,697
3 years$49,919$48,504$47,142$45,831$44,568$43,054
4 years$37,066$35,656$34,308$33,019$31,787$30,321
5 years$29,356$27,954$26,624$25,362$24,164$22,752
6 years$24,218$22,827$21,516$20,282$19,120$17,763
7 years$20,550$19,170$17,880$16,675$15,550$14,248
8 years$17,799$16,432$15,164$13,988$12,900$11,654
9 years$15,661$14,307$13,061$11,915$10,864$9,673
10 years$13,952$12,611$11,386$10,271$9,256$8,120
11 years$12,554$11,227$10,024$8,939$7,961$6,877
12 years$11,391$10,077$8,896$7,840$6,899$5,868
13 years$10,407$9,106$7,948$6,922$6,016$5,036
14 years$9,564$8,277$7,142$6,144$5,273$4,343
15 years$8,834$7,562$6,448$5,480$4,643$3,761
16 years$8,196$6,938$5,846$4,907$4,104$3,268
17 years$7,634$6,389$5,320$4,408$3,638$2,848
18 years$7,135$5,904$4,856$3,973$3,235$2,489
19 years$6,689$5,472$4,446$3,590$2,884$2,179
20 years$6,288$5,085$4,080$3,251$2,576$1,912
21 years$5,925$4,736$3,753$2,951$2,305$1,680
22 years$5,596$4,421$3,459$2,683$2,066$1,478
23 years$5,296$4,135$3,194$2,443$1,855$1,302
24 years$5,022$3,874$2,953$2,229$1,667$1,148
25 years$4,770$3,636$2,736$2,035$1,500$1,014
26 years$4,537$3,417$2,537$1,861$1,351$895
27 years$4,322$3,216$2,356$1,703$1,218$792
28 years$4,123$3,030$2,190$1,561$1,099$700
29 years$3,938$2,859$2,038$1,431$993$620
30 years$3,766$2,700$1,898$1,313$897$549
31 years$3,605$2,552$1,770$1,206$811$486
32 years$3,454$2,415$1,651$1,109$733$431
33 years$3,313$2,287$1,542$1,019$664$382
34 years$3,180$2,167$1,441$938$601$339
35 years$3,056$2,056$1,347$863$544$301
36 years$2,938$1,951$1,260$795$493$267
37 years$2,827$1,853$1,179$733$447$237
38 years$2,722$1,761$1,104$675$405$210
39 years$2,623$1,675$1,035$623$367$186
40 years$2,529$1,593$970$574$333$166
41 years$2,440$1,517$909$530$302$147
42 years$2,355$1,444$853$489$274$131
43 years$2,275$1,376$800$451$249$116
44 years$2,198$1,312$751$417$226$103
45 years$2,125$1,251$705$385$205$92
46 years$2,055$1,193$663$356$186$81
47 years$1,989$1,139$622$329$169$72
48 years$1,925$1,087$585$304$154$64
49 years$1,864$1,038$550$281$140$57
50 years$1,806$992$517$259$127$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,850,000, adding $6,899 every year, while hoping to spend $38,285 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: 64/12/24 Blend
59$1,850,000$1,850,000$1,850,000$1,850,000
60$2,045,816$1,947,766$1,919,091$2,163,506
61$2,213,755$2,002,472$1,942,646$2,298,468
62$2,397,540$2,058,575$1,965,706$2,440,972
63$2,598,747$2,116,103$1,988,216$2,595,809
64$2,819,112$2,175,086$2,010,114$2,764,193
65$3,060,546$2,235,550$2,031,338$2,947,459
66$3,325,154$2,297,524$2,051,820$3,147,078
67$3,615,254$2,361,036$2,071,490$3,364,672
68$3,933,398$2,426,115$2,090,273$3,602,026
69$4,282,398$2,492,789$2,108,091$3,861,108
70$4,665,353$2,561,085$2,124,861$4,144,085
71$5,085,672$2,631,031$2,140,497$4,453,345
72$5,547,114$2,702,655$2,154,907$4,791,520
73$6,053,818$2,775,984$2,167,995$5,161,508
74$6,610,344$2,851,044$2,179,660$5,566,504
75$7,221,716$2,927,862$2,189,795$6,010,028
76$7,893,466$3,006,462$2,198,289$6,495,958
77$8,631,692$3,086,872$2,205,024$7,028,569
78$9,443,110$3,169,113$2,209,878$7,612,569
79$10,335,118$3,253,211$2,212,719$8,253,147
80$11,315,869$3,339,187$2,213,414$8,956,024
81$12,394,343$3,427,062$2,211,819$9,727,499
82$13,580,435$3,516,858$2,207,784$10,574,518
83$14,885,048$3,608,592$2,201,153$11,504,733
84$16,320,192$3,702,283$2,191,762$12,526,577
85$17,899,103$3,797,945$2,179,437$13,649,343
86$19,636,361$3,895,595$2,163,998$14,883,274
87$21,548,034$3,995,243$2,145,255$16,239,654
88$23,651,823$4,096,899$2,123,011$17,730,921
89$25,967,235$4,200,573$2,097,058$19,370,782
90$28,515,760$4,306,269$2,067,177$21,174,341
91$31,321,081$4,413,989$2,033,140$23,158,246
92$34,409,291$4,523,734$1,994,710$25,340,839
93$37,809,143$4,635,501$1,951,637$27,742,337
94$41,552,318$4,749,283$1,903,659$30,385,020
95$45,673,725$4,865,069$1,850,503$33,293,439
96$50,211,833$4,982,846$1,791,883$36,494,654
97$55,209,029$5,102,594$1,727,500$40,018,481
98$60,712,020$5,224,291$1,657,041$43,897,783
99$66,772,274$5,347,908$1,580,179$48,168,775
100$73,446,503$5,473,414$1,496,573$52,871,367