Can I retire at age 60 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$153,597$152,229$150,894$149,591$148,319$147,446
2 years$76,038$74,622$73,250$71,919$70,628$69,747
3 years$50,189$48,766$47,397$46,079$44,809$43,948
4 years$37,266$35,848$34,493$33,197$31,958$31,123
5 years$29,515$28,106$26,768$25,499$24,294$23,488
6 years$24,349$22,950$21,633$20,392$19,223$18,446
7 years$20,661$19,274$17,977$16,765$15,634$14,887
8 years$17,896$16,521$15,246$14,064$12,970$12,253
9 years$15,746$14,385$13,131$11,979$10,922$10,236
10 years$14,027$12,679$11,448$10,326$9,306$8,649
11 years$12,622$11,288$10,079$8,987$8,004$7,376
12 years$11,452$10,131$8,945$7,883$6,936$6,336
13 years$10,463$9,156$7,991$6,959$6,048$5,477
14 years$9,615$8,322$7,180$6,178$5,302$4,758
15 years$8,882$7,602$6,483$5,509$4,668$4,150
16 years$8,241$6,975$5,878$4,933$4,126$3,634
17 years$7,675$6,424$5,348$4,432$3,658$3,191
18 years$7,173$5,936$4,882$3,994$3,253$2,810
19 years$6,725$5,501$4,470$3,609$2,899$2,480
20 years$6,322$5,112$4,102$3,269$2,590$2,193
21 years$5,957$4,762$3,773$2,967$2,317$1,943
22 years$5,626$4,445$3,477$2,697$2,077$1,724
23 years$5,325$4,157$3,211$2,457$1,865$1,531
24 years$5,049$3,895$2,969$2,241$1,676$1,362
25 years$4,795$3,655$2,750$2,046$1,508$1,212
26 years$4,562$3,435$2,551$1,871$1,358$1,080
27 years$4,346$3,233$2,369$1,713$1,225$963
28 years$4,146$3,047$2,202$1,569$1,105$860
29 years$3,959$2,874$2,049$1,439$998$768
30 years$3,786$2,714$1,909$1,321$902$686
31 years$3,624$2,566$1,779$1,213$815$613
32 years$3,473$2,428$1,660$1,115$737$548
33 years$3,331$2,299$1,550$1,025$667$491
34 years$3,198$2,179$1,448$943$604$439
35 years$3,072$2,067$1,354$868$547$393
36 years$2,954$1,962$1,267$800$496$352
37 years$2,843$1,863$1,186$737$449$315
38 years$2,737$1,771$1,110$679$407$283
39 years$2,637$1,684$1,040$626$369$253
40 years$2,543$1,602$975$577$335$227
41 years$2,453$1,525$914$533$304$203
42 years$2,368$1,452$858$492$276$182
43 years$2,287$1,384$805$454$250$164
44 years$2,210$1,319$755$419$227$147
45 years$2,136$1,258$709$387$206$132
46 years$2,066$1,200$666$358$187$118
47 years$2,000$1,145$626$330$170$106
48 years$1,936$1,093$588$305$154$95
49 years$1,874$1,044$553$282$140$85
50 years$1,816$997$520$261$127$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,860,000, adding $5,476 every year, while hoping to spend $37,894 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: 62/33/5 Blend
59$1,860,000$1,860,000$1,860,000$1,860,000
60$2,055,368$1,956,788$1,927,958$2,180,861
61$2,224,697$2,012,352$1,952,226$2,320,769
62$2,410,027$2,069,368$1,976,037$2,468,464
63$2,612,951$2,127,869$1,999,335$2,628,671
64$2,835,222$2,187,884$2,022,062$2,802,595
65$3,078,770$2,249,446$2,044,157$2,991,562
66$3,345,723$2,312,587$2,065,554$3,197,035
67$3,638,421$2,377,338$2,086,185$3,420,620
68$3,959,445$2,443,733$2,105,978$3,664,087
69$4,311,636$2,511,803$2,124,855$3,929,385
70$4,698,122$2,581,581$2,142,737$4,218,659
71$5,122,351$2,653,099$2,159,539$4,534,270
72$5,588,119$2,726,389$2,175,172$4,878,821
73$6,099,610$2,801,484$2,189,543$5,255,175
74$6,661,429$2,878,417$2,202,552$5,666,486
75$7,278,654$2,957,218$2,214,096$6,116,228
76$7,956,875$3,037,920$2,224,067$6,608,226
77$8,702,252$3,120,553$2,232,349$7,146,695
78$9,521,571$3,205,150$2,238,822$7,736,275
79$10,422,310$3,291,741$2,243,361$8,382,080
80$11,412,704$3,380,354$2,245,832$9,089,740
81$12,501,828$3,471,021$2,246,096$9,865,459
82$13,699,682$3,563,768$2,244,008$10,716,070
83$15,017,281$3,658,624$2,239,413$11,649,103
84$16,466,763$3,755,615$2,232,152$12,672,851
85$18,061,499$3,854,767$2,222,056$13,796,450
86$19,816,226$3,956,104$2,208,949$15,029,969
87$21,747,176$4,059,649$2,192,644$16,384,497
88$23,872,239$4,165,423$2,172,948$17,872,253
89$26,211,124$4,273,445$2,149,659$19,506,702
90$28,785,549$4,383,734$2,122,563$21,302,676
91$31,619,443$4,496,305$2,091,437$23,276,519
92$34,739,175$4,611,172$2,056,048$25,446,240
93$38,173,797$4,728,346$2,016,152$27,831,681
94$41,955,324$4,847,835$1,971,493$30,454,705
95$46,119,032$4,969,644$1,921,803$33,339,403
96$50,703,793$5,093,777$1,866,803$36,512,319
97$55,752,440$5,220,231$1,806,201$40,002,705
98$61,312,169$5,349,003$1,739,689$43,842,788
99$67,434,990$5,480,083$1,666,948$48,068,086
100$74,178,211$5,613,460$1,587,643$52,717,732