Can I retire at age 60 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$149,468$148,137$146,838$145,570$144,332$139,377
2 years$73,994$72,616$71,280$69,986$68,729$63,788
3 years$48,839$47,455$46,123$44,840$43,605$38,832
4 years$36,265$34,885$33,566$32,305$31,099$26,532
5 years$28,722$27,350$26,048$24,813$23,641$19,291
6 years$23,695$22,333$21,051$19,843$18,706$14,577
7 years$20,105$18,756$17,494$16,314$15,213$11,303
8 years$17,414$16,077$14,836$13,686$12,621$8,928
9 years$15,323$13,998$12,778$11,657$10,629$7,148
10 years$13,650$12,338$11,140$10,049$9,056$5,781
11 years$12,283$10,984$9,808$8,745$7,789$4,714
12 years$11,144$9,859$8,704$7,671$6,749$3,868
13 years$10,182$8,909$7,777$6,772$5,886$3,189
14 years$9,357$8,098$6,987$6,012$5,159$2,640
15 years$8,643$7,398$6,309$5,361$4,543$2,193
16 years$8,019$6,788$5,720$4,800$4,015$1,826
17 years$7,469$6,251$5,205$4,313$3,560$1,524
18 years$6,980$5,776$4,751$3,887$3,165$1,275
19 years$6,544$5,353$4,349$3,512$2,821$1,067
20 years$6,152$4,975$3,992$3,181$2,520$895
21 years$5,797$4,634$3,672$2,887$2,255$751
22 years$5,475$4,325$3,384$2,625$2,021$631
23 years$5,182$4,045$3,124$2,391$1,815$531
24 years$4,913$3,790$2,890$2,180$1,631$446
25 years$4,666$3,557$2,676$1,991$1,468$376
26 years$4,439$3,343$2,482$1,821$1,322$316
27 years$4,229$3,146$2,305$1,666$1,192$266
28 years$4,034$2,965$2,143$1,527$1,075$224
29 years$3,853$2,797$1,994$1,400$971$189
30 years$3,684$2,641$1,857$1,285$877$159
31 years$3,527$2,497$1,732$1,180$793$134
32 years$3,380$2,363$1,616$1,085$718$113
33 years$3,241$2,237$1,508$997$649$96
34 years$3,112$2,121$1,409$918$588$81
35 years$2,990$2,011$1,318$845$533$68
36 years$2,875$1,909$1,233$778$483$57
37 years$2,766$1,813$1,154$717$437$48
38 years$2,664$1,723$1,080$661$396$41
39 years$2,567$1,639$1,012$609$360$34
40 years$2,475$1,559$949$562$326$29
41 years$2,387$1,484$890$518$296$25
42 years$2,304$1,413$835$478$268$21
43 years$2,226$1,347$783$442$244$17
44 years$2,151$1,284$735$408$221$15
45 years$2,079$1,224$690$377$201$12
46 years$2,011$1,168$648$348$182$10
47 years$1,946$1,114$609$321$166$9
48 years$1,884$1,064$572$297$150$7
49 years$1,824$1,016$538$274$137$6
50 years$1,767$970$506$254$124$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,810,000, adding $6,254 every year, while hoping to spend $46,284 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: 52/18/30 Blend
59$1,810,000$1,810,000$1,810,000$1,810,000
60$2,001,071$1,905,141$1,877,086$2,087,949
61$2,155,934$1,949,247$1,890,723$2,193,253
62$2,325,043$1,993,963$1,903,265$2,302,603
63$2,509,800$2,039,270$1,914,627$2,420,669
64$2,711,752$2,085,147$1,924,719$2,548,305
65$2,932,600$2,131,569$1,933,447$2,686,454
66$3,174,219$2,178,509$1,940,711$2,836,154
67$3,438,672$2,225,938$1,946,407$2,998,547
68$3,728,230$2,273,823$1,950,426$3,174,898
69$4,045,396$2,322,127$1,952,651$3,366,596
70$4,392,925$2,370,809$1,952,963$3,575,175
71$4,773,850$2,419,827$1,951,235$3,802,328
72$5,191,515$2,469,130$1,947,334$4,049,919
73$5,649,600$2,518,668$1,941,120$4,320,004
74$6,152,159$2,568,383$1,932,447$4,614,850
75$6,703,658$2,618,211$1,921,162$4,936,958
76$7,309,014$2,668,087$1,907,105$5,289,082
77$7,973,647$2,717,937$1,890,106$5,674,263
78$8,703,524$2,767,681$1,869,990$6,095,851
79$9,505,221$2,817,235$1,846,572$6,557,540
80$10,385,980$2,866,505$1,819,658$7,063,404
81$11,353,779$2,915,394$1,789,047$7,617,933
82$12,417,410$2,963,794$1,754,525$8,226,079
83$13,586,556$3,011,590$1,715,872$8,893,301
84$14,871,886$3,058,659$1,672,854$9,625,617
85$16,285,154$3,104,868$1,625,230$10,429,663
86$17,839,309$3,150,076$1,572,745$11,312,754
87$19,548,620$3,194,132$1,515,134$12,282,956
88$21,428,807$3,236,871$1,452,118$13,349,160
89$23,497,188$3,278,121$1,383,407$14,521,168
90$25,772,848$3,317,696$1,308,698$15,809,787
91$28,276,812$3,355,396$1,227,673$17,226,929
92$31,032,247$3,391,011$1,140,000$18,785,728
93$34,064,679$3,424,313$1,045,333$20,500,662
94$37,402,234$3,455,063$943,309$22,387,689
95$41,075,903$3,483,002$833,551$24,464,403
96$45,119,833$3,507,857$715,663$26,750,200
97$49,571,651$3,529,337$589,233$29,266,456
98$54,472,817$3,547,132$453,830$32,036,739
99$59,869,015$3,560,912$309,004$35,087,026
100$65,810,584$3,570,326$154,285$38,445,952