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%17.1%
1 years$153,597$152,229$150,894$149,591$148,319$144,033
2 years$76,038$74,622$73,250$71,919$70,628$66,344
3 years$50,189$48,766$47,397$46,079$44,809$40,662
4 years$37,266$35,848$34,493$33,197$31,958$27,979
5 years$29,515$28,106$26,768$25,499$24,294$20,493
6 years$24,349$22,950$21,633$20,392$19,223$15,605
7 years$20,661$19,274$17,977$16,765$15,634$12,197
8 years$17,896$16,521$15,246$14,064$12,970$9,714
9 years$15,746$14,385$13,131$11,979$10,922$7,844
10 years$14,027$12,679$11,448$10,326$9,306$6,401
11 years$12,622$11,288$10,079$8,987$8,004$5,266
12 years$11,452$10,131$8,945$7,883$6,936$4,361
13 years$10,463$9,156$7,991$6,959$6,048$3,630
14 years$9,615$8,322$7,180$6,178$5,302$3,035
15 years$8,882$7,602$6,483$5,509$4,668$2,546
16 years$8,241$6,975$5,878$4,933$4,126$2,142
17 years$7,675$6,424$5,348$4,432$3,658$1,806
18 years$7,173$5,936$4,882$3,994$3,253$1,526
19 years$6,725$5,501$4,470$3,609$2,899$1,291
20 years$6,322$5,112$4,102$3,269$2,590$1,094
21 years$5,957$4,762$3,773$2,967$2,317$929
22 years$5,626$4,445$3,477$2,697$2,077$789
23 years$5,325$4,157$3,211$2,457$1,865$670
24 years$5,049$3,895$2,969$2,241$1,676$570
25 years$4,795$3,655$2,750$2,046$1,508$485
26 years$4,562$3,435$2,551$1,871$1,358$413
27 years$4,346$3,233$2,369$1,713$1,225$352
28 years$4,146$3,047$2,202$1,569$1,105$300
29 years$3,959$2,874$2,049$1,439$998$256
30 years$3,786$2,714$1,909$1,321$902$218
31 years$3,624$2,566$1,779$1,213$815$186
32 years$3,473$2,428$1,660$1,115$737$159
33 years$3,331$2,299$1,550$1,025$667$135
34 years$3,198$2,179$1,448$943$604$115
35 years$3,072$2,067$1,354$868$547$99
36 years$2,954$1,962$1,267$800$496$84
37 years$2,843$1,863$1,186$737$449$72
38 years$2,737$1,771$1,110$679$407$61
39 years$2,637$1,684$1,040$626$369$52
40 years$2,543$1,602$975$577$335$45
41 years$2,453$1,525$914$533$304$38
42 years$2,368$1,452$858$492$276$33
43 years$2,287$1,384$805$454$250$28
44 years$2,210$1,319$755$419$227$24
45 years$2,136$1,258$709$387$206$20
46 years$2,066$1,200$666$358$187$17
47 years$2,000$1,145$626$330$170$15
48 years$1,936$1,093$588$305$154$13
49 years$1,874$1,044$553$282$140$11
50 years$1,816$997$520$261$127$9

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 $4,806 every year, while hoping to spend $28,406 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: 38/32/30 Blend
59$1,860,000$1,860,000$1,860,000$1,860,000
60$2,054,677$1,956,097$1,927,267$2,114,269
61$2,234,031$2,021,722$1,961,607$2,224,320
62$2,430,726$2,089,611$1,996,145$2,340,247
63$2,646,502$2,159,844$2,030,858$2,465,007
64$2,883,275$2,232,506$2,065,721$2,599,424
65$3,143,153$2,307,683$2,100,707$2,744,400
66$3,428,461$2,385,466$2,135,787$2,900,932
67$3,741,759$2,465,948$2,170,931$3,070,113
68$4,085,866$2,549,228$2,206,105$3,253,147
69$4,463,890$2,635,405$2,241,275$3,451,356
70$4,879,251$2,724,585$2,276,402$3,666,199
71$5,335,721$2,816,876$2,311,448$3,899,278
72$5,837,453$2,912,391$2,346,370$4,152,357
73$6,389,022$3,011,247$2,381,122$4,427,377
74$6,995,470$3,113,566$2,415,657$4,726,477
75$7,662,351$3,219,473$2,449,925$5,052,007
76$8,395,784$3,329,101$2,483,871$5,406,559
77$9,202,511$3,442,584$2,517,437$5,792,983
78$10,089,961$3,560,064$2,550,565$6,214,419
79$11,066,318$3,681,688$2,583,189$6,674,324
80$12,140,599$3,807,607$2,615,243$7,176,504
81$13,322,740$3,937,980$2,646,654$7,725,151
82$14,623,690$4,072,971$2,677,347$8,324,881
83$16,055,510$4,212,751$2,707,242$8,980,778
84$17,631,493$4,357,496$2,736,255$9,698,442
85$19,366,282$4,507,391$2,764,297$10,484,039
86$21,276,017$4,662,627$2,791,275$11,344,362
87$23,378,477$4,823,402$2,817,089$12,286,894
88$25,693,255$4,989,922$2,841,635$13,319,877
89$28,241,942$5,162,403$2,864,804$14,452,388
90$31,048,325$5,341,066$2,886,481$15,694,430
91$34,138,620$5,526,144$2,906,543$17,057,020
92$37,541,710$5,717,876$2,924,864$18,552,295
93$41,289,426$5,916,513$2,941,308$20,193,626
94$45,416,840$6,122,315$2,955,734$21,995,744
95$49,962,601$6,335,552$2,967,995$23,974,879
96$54,969,297$6,556,504$2,977,933$26,148,910
97$60,483,857$6,785,465$2,985,386$28,537,537
98$66,557,994$7,022,737$2,990,180$31,162,464
99$73,248,694$7,268,635$2,992,136$34,047,604
100$80,618,752$7,523,489$2,991,063$37,219,306