Can I retire at age 60 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$148,642$147,318$146,027$144,766$143,535$140,407
2 years$73,585$72,215$70,887$69,599$68,350$65,215
3 years$48,570$47,193$45,868$44,593$43,364$40,319
4 years$36,064$34,692$33,380$32,127$30,928$27,996
5 years$28,563$27,199$25,905$24,676$23,511$20,701
6 years$23,564$22,210$20,935$19,734$18,603$15,919
7 years$19,994$18,652$17,397$16,224$15,129$12,570
8 years$17,318$15,988$14,754$13,610$12,551$10,117
9 years$15,238$13,921$12,708$11,593$10,570$8,258
10 years$13,575$12,270$11,079$9,993$9,006$6,815
11 years$12,215$10,924$9,754$8,697$7,746$5,672
12 years$11,083$9,804$8,656$7,628$6,712$4,753
13 years$10,125$8,860$7,734$6,735$5,853$4,004
14 years$9,305$8,054$6,949$5,978$5,131$3,389
15 years$8,595$7,357$6,274$5,332$4,518$2,879
16 years$7,975$6,750$5,688$4,774$3,993$2,453
17 years$7,428$6,217$5,176$4,289$3,540$2,096
18 years$6,942$5,744$4,725$3,866$3,148$1,795
19 years$6,508$5,324$4,325$3,493$2,806$1,540
20 years$6,118$4,947$3,970$3,163$2,506$1,323
21 years$5,765$4,608$3,651$2,871$2,243$1,138
22 years$5,445$4,302$3,365$2,610$2,010$980
23 years$5,153$4,023$3,107$2,377$1,804$845
24 years$4,886$3,769$2,874$2,168$1,622$729
25 years$4,641$3,537$2,662$1,980$1,459$629
26 years$4,415$3,325$2,468$1,811$1,315$544
27 years$4,206$3,129$2,292$1,657$1,185$470
28 years$4,012$2,948$2,131$1,518$1,069$406
29 years$3,832$2,781$1,983$1,392$966$352
30 years$3,664$2,627$1,847$1,278$873$304
31 years$3,507$2,483$1,722$1,174$789$263
32 years$3,361$2,350$1,607$1,079$714$228
33 years$3,224$2,225$1,500$992$646$198
34 years$3,095$2,109$1,402$913$585$171
35 years$2,973$2,000$1,310$840$530$148
36 years$2,859$1,898$1,226$774$480$128
37 years$2,751$1,803$1,147$713$435$111
38 years$2,649$1,714$1,074$657$394$96
39 years$2,552$1,629$1,007$606$358$84
40 years$2,461$1,550$944$559$324$73
41 years$2,374$1,476$885$516$294$63
42 years$2,292$1,405$830$476$267$54
43 years$2,213$1,339$779$439$242$47
44 years$2,139$1,276$731$406$220$41
45 years$2,068$1,217$686$375$200$36
46 years$2,000$1,161$645$346$181$31
47 years$1,935$1,108$606$320$165$27
48 years$1,873$1,058$569$295$149$23
49 years$1,814$1,010$535$273$136$20
50 years$1,757$965$503$252$123$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,800,000, adding $6,390 every year, while hoping to spend $48,141 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: 35/44/21 Blend
59$1,800,000$1,800,000$1,800,000$1,800,000
60$1,990,191$1,894,791$1,866,891$2,046,934
61$2,141,969$1,936,414$1,878,210$2,130,860
62$2,307,615$1,978,464$1,888,295$2,216,450
63$2,488,492$2,020,909$1,897,054$2,307,813
64$2,686,102$2,063,717$1,904,389$2,405,492
65$2,902,098$2,106,852$1,910,199$2,510,086
66$3,138,298$2,150,275$1,914,377$2,622,255
67$3,396,707$2,193,940$1,916,811$2,742,727
68$3,679,530$2,237,802$1,917,383$2,872,306
69$3,989,196$2,281,809$1,915,970$3,011,878
70$4,328,380$2,325,904$1,912,441$3,162,420
71$4,700,028$2,370,026$1,906,661$3,325,013
72$5,107,384$2,414,111$1,898,487$3,500,845
73$5,554,021$2,458,086$1,887,770$3,691,230
74$6,043,874$2,501,875$1,874,353$3,897,616
75$6,581,277$2,545,394$1,858,072$4,121,601
76$7,171,004$2,588,556$1,838,755$4,364,948
77$7,818,315$2,631,263$1,816,221$4,629,602
78$8,529,001$2,673,413$1,790,282$4,917,709
79$9,309,443$2,714,894$1,760,741$5,231,636
80$10,166,670$2,755,588$1,727,390$5,573,995
81$11,108,427$2,795,368$1,690,013$5,947,666
82$12,143,242$2,834,097$1,648,384$6,355,828
83$13,280,513$2,871,629$1,602,266$6,801,986
84$14,530,595$2,907,807$1,551,411$7,290,009
85$15,904,891$2,942,466$1,495,559$7,824,162
86$17,415,970$2,975,426$1,434,440$8,409,152
87$19,077,675$3,006,498$1,367,770$9,050,169
88$20,905,260$3,035,479$1,295,253$9,752,938
89$22,915,532$3,062,152$1,216,579$10,523,776
90$25,127,005$3,086,288$1,131,424$11,369,647
91$27,560,084$3,107,639$1,039,450$12,298,234
92$30,237,244$3,125,946$940,304$13,318,009
93$33,183,256$3,140,930$833,616$14,438,318
94$36,425,407$3,152,295$719,002$15,669,466
95$39,993,769$3,159,727$596,058$17,022,819
96$43,921,471$3,162,891$464,364$18,510,910
97$48,245,022$3,161,434$323,481$20,147,561
98$53,004,647$3,154,977$172,950$21,948,015
99$58,244,670$3,143,120$12,294$23,929,078
100$64,013,933$3,125,440$0$26,109,285