Can I retire at age 60 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$150,294$148,955$147,649$146,374$145,129$140,427
2 years$74,403$73,017$71,674$70,372$69,109$64,416
3 years$49,109$47,718$46,378$45,088$43,846$39,309
4 years$36,465$35,077$33,751$32,483$31,271$26,925
5 years$28,880$27,501$26,192$24,950$23,772$19,629
6 years$23,825$22,457$21,167$19,953$18,810$14,873
7 years$20,216$18,859$17,590$16,405$15,297$11,566
8 years$17,511$16,166$14,918$13,761$12,691$9,162
9 years$15,407$14,075$12,849$11,722$10,687$7,358
10 years$13,726$12,407$11,202$10,104$9,106$5,970
11 years$12,351$11,045$9,862$8,794$7,832$4,884
12 years$11,206$9,913$8,752$7,713$6,787$4,020
13 years$10,238$8,959$7,820$6,810$5,918$3,326
14 years$9,409$8,143$7,026$6,045$5,188$2,763
15 years$8,691$7,439$6,343$5,391$4,568$2,303
16 years$8,063$6,825$5,751$4,827$4,037$1,925
17 years$7,510$6,286$5,233$4,337$3,579$1,613
18 years$7,019$5,808$4,777$3,908$3,183$1,354
19 years$6,580$5,383$4,373$3,532$2,837$1,138
20 years$6,186$5,002$4,014$3,199$2,534$958
21 years$5,829$4,659$3,692$2,903$2,268$807
22 years$5,505$4,349$3,403$2,639$2,033$681
23 years$5,210$4,068$3,142$2,404$1,825$574
24 years$4,940$3,811$2,906$2,192$1,640$485
25 years$4,692$3,577$2,691$2,002$1,476$410
26 years$4,464$3,362$2,496$1,831$1,329$347
27 years$4,252$3,164$2,318$1,676$1,198$293
28 years$4,056$2,981$2,155$1,535$1,081$248
29 years$3,874$2,812$2,005$1,408$976$210
30 years$3,705$2,656$1,868$1,292$882$178
31 years$3,546$2,511$1,741$1,187$798$150
32 years$3,398$2,376$1,624$1,091$722$127
33 years$3,259$2,250$1,517$1,003$653$108
34 years$3,129$2,132$1,417$923$591$91
35 years$3,006$2,022$1,325$849$535$77
36 years$2,891$1,920$1,239$782$485$65
37 years$2,781$1,823$1,160$721$440$55
38 years$2,678$1,733$1,086$664$399$47
39 years$2,581$1,648$1,018$613$362$40
40 years$2,488$1,568$954$565$328$34
41 years$2,400$1,492$895$521$297$29
42 years$2,317$1,421$839$481$270$24
43 years$2,238$1,354$787$444$245$21
44 years$2,162$1,291$739$410$222$17
45 years$2,091$1,231$694$379$202$15
46 years$2,022$1,174$652$350$183$12
47 years$1,957$1,120$612$323$166$11
48 years$1,894$1,070$575$299$151$9
49 years$1,834$1,021$541$276$137$8
50 years$1,777$976$509$255$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,820,000, adding $2,050 every year, while hoping to spend $28,267 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: 36/47/17 Blend
59$1,820,000$1,820,000$1,820,000$1,820,000
60$2,007,755$1,911,295$1,883,085$2,069,552
61$2,182,470$1,974,872$1,916,092$2,178,117
62$2,374,058$2,040,618$1,949,258$2,292,427
63$2,584,212$2,108,607$1,982,558$2,415,235
64$2,814,793$2,178,921$2,015,965$2,547,313
65$3,067,853$2,251,639$2,049,451$2,689,511
66$3,345,654$2,326,849$2,082,987$2,842,763
67$3,650,683$2,404,638$2,116,540$3,008,094
68$3,985,685$2,485,097$2,150,076$3,186,631
69$4,353,679$2,568,321$2,183,558$3,379,614
70$4,757,995$2,654,409$2,216,948$3,588,404
71$5,202,299$2,743,463$2,250,203$3,814,499
72$5,690,629$2,835,589$2,283,281$4,059,547
73$6,227,437$2,930,896$2,316,135$4,325,358
74$6,817,625$3,029,499$2,348,715$4,613,925
75$7,466,593$3,131,516$2,380,968$4,927,441
76$8,180,295$3,237,069$2,412,839$5,268,317
77$8,965,285$3,346,286$2,444,269$5,639,206
78$9,828,788$3,459,298$2,475,196$6,043,029
79$10,778,763$3,576,242$2,505,554$6,482,999
80$11,823,980$3,697,261$2,535,273$6,962,653
81$12,974,102$3,822,502$2,564,280$7,485,885
82$14,239,774$3,952,119$2,592,498$8,056,980
83$15,632,727$4,086,269$2,619,843$8,680,656
84$17,165,888$4,225,119$2,646,230$9,362,108
85$18,853,497$4,368,839$2,671,568$10,107,052
86$20,711,249$4,517,606$2,695,760$10,921,787
87$22,756,434$4,671,606$2,718,705$11,813,246
88$25,008,105$4,831,031$2,740,297$12,789,063
89$27,487,259$4,996,078$2,760,424$13,857,645
90$30,217,028$5,166,955$2,778,967$15,028,252
91$33,222,906$5,343,876$2,795,803$16,311,082
92$36,532,980$5,527,064$2,810,801$17,717,364
93$40,178,204$5,716,751$2,823,823$19,259,468
94$44,192,686$5,913,176$2,834,725$20,951,020
95$48,614,007$6,116,589$2,843,356$22,807,025
96$53,483,585$6,327,251$2,849,557$24,844,013
97$58,847,054$6,545,429$2,853,161$27,080,194
98$64,754,703$6,771,405$2,853,992$29,535,625
99$71,261,948$7,005,469$2,851,866$32,232,401
100$78,429,853$7,247,924$2,846,590$35,194,865