Can I retire at age 60 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$151,120$149,774$148,460$147,178$145,927$141,996
2 years$74,812$73,418$72,068$70,759$69,489$65,557
3 years$49,379$47,980$46,633$45,336$44,087$40,276
4 years$36,665$35,270$33,937$32,662$31,443$27,784
5 years$29,039$27,652$26,336$25,088$23,902$20,404
6 years$23,956$22,580$21,284$20,063$18,913$15,579
7 years$20,327$18,963$17,687$16,495$15,381$12,212
8 years$17,607$16,255$15,000$13,837$12,760$9,754
9 years$15,492$14,153$12,919$11,786$10,746$7,900
10 years$13,801$12,475$11,263$10,160$9,156$6,467
11 years$12,419$11,106$9,916$8,842$7,875$5,338
12 years$11,267$9,968$8,800$7,756$6,824$4,435
13 years$10,294$9,008$7,862$6,847$5,951$3,704
14 years$9,460$8,188$7,064$6,078$5,216$3,107
15 years$8,739$7,480$6,378$5,421$4,593$2,616
16 years$8,108$6,863$5,783$4,853$4,059$2,209
17 years$7,551$6,320$5,262$4,361$3,599$1,869
18 years$7,058$5,840$4,804$3,930$3,200$1,585
19 years$6,616$5,413$4,398$3,551$2,852$1,347
20 years$6,220$5,030$4,036$3,216$2,548$1,146
21 years$5,861$4,685$3,712$2,919$2,280$976
22 years$5,536$4,373$3,421$2,654$2,044$832
23 years$5,239$4,090$3,159$2,417$1,835$710
24 years$4,967$3,832$2,922$2,204$1,649$606
25 years$4,718$3,596$2,706$2,013$1,484$518
26 years$4,488$3,380$2,510$1,841$1,337$443
27 years$4,276$3,181$2,330$1,685$1,205$379
28 years$4,079$2,997$2,166$1,544$1,087$324
29 years$3,896$2,828$2,016$1,416$982$277
30 years$3,725$2,670$1,878$1,299$887$238
31 years$3,566$2,524$1,751$1,193$802$203
32 years$3,417$2,389$1,633$1,097$726$174
33 years$3,277$2,262$1,525$1,008$657$149
34 years$3,146$2,144$1,425$928$594$128
35 years$3,023$2,034$1,332$854$538$110
36 years$2,906$1,930$1,246$787$488$94
37 years$2,797$1,833$1,167$725$442$81
38 years$2,693$1,742$1,092$668$401$69
39 years$2,595$1,657$1,023$616$364$59
40 years$2,502$1,576$959$568$330$51
41 years$2,414$1,500$899$524$299$44
42 years$2,330$1,429$844$484$271$37
43 years$2,250$1,361$792$447$246$32
44 years$2,174$1,298$743$412$224$27
45 years$2,102$1,237$698$381$203$24
46 years$2,033$1,181$655$352$184$20
47 years$1,967$1,127$616$325$167$17
48 years$1,904$1,075$579$300$152$15
49 years$1,844$1,027$544$278$138$13
50 years$1,787$981$511$257$125$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,830,000, adding $3,798 every year, while hoping to spend $33,296 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: 56/20/24 Blend
59$1,830,000$1,830,000$1,830,000$1,830,000
60$2,020,578$1,923,588$1,895,223$2,120,305
61$2,191,250$1,982,417$1,923,286$2,247,883
62$2,378,215$2,043,013$1,951,173$2,382,976
63$2,583,099$2,105,426$1,978,844$2,529,458
64$2,807,694$2,169,711$2,006,254$2,688,435
65$3,053,973$2,235,921$2,033,358$2,861,124
66$3,324,109$2,304,112$2,060,106$3,048,867
67$3,620,496$2,374,341$2,086,447$3,253,138
68$3,945,770$2,446,668$2,112,327$3,475,565
69$4,302,835$2,521,151$2,137,687$3,717,939
70$4,694,891$2,597,855$2,162,466$3,982,230
71$5,125,462$2,676,841$2,186,600$4,270,612
72$5,598,429$2,758,176$2,210,021$4,585,477
73$6,118,069$2,841,927$2,232,657$4,929,460
74$6,689,093$2,928,163$2,254,433$5,305,465
75$7,316,692$3,016,954$2,275,267$5,716,690
76$8,006,582$3,108,373$2,295,077$6,166,658
77$8,765,065$3,202,494$2,313,773$6,659,251
78$9,599,080$3,299,395$2,331,263$7,198,743
79$10,516,274$3,399,153$2,347,448$7,789,847
80$11,525,072$3,501,849$2,362,225$8,437,754
81$12,634,755$3,607,565$2,375,485$9,148,181
82$13,855,551$3,716,387$2,387,115$9,927,429
83$15,198,727$3,828,400$2,396,994$10,782,441
84$16,676,700$3,943,695$2,404,996$11,720,867
85$18,303,149$4,062,361$2,410,988$12,751,134
86$20,093,146$4,184,493$2,414,832$13,882,530
87$22,063,300$4,310,186$2,416,382$15,125,288
88$24,231,910$4,439,538$2,415,485$16,490,683
89$26,619,140$4,572,651$2,411,979$17,991,142
90$29,247,208$4,709,627$2,405,696$19,640,354
91$32,140,596$4,850,572$2,396,460$21,453,406
92$35,326,281$4,995,593$2,384,084$23,446,923
93$38,833,986$5,144,802$2,368,376$25,639,225
94$42,696,466$5,298,311$2,349,131$28,050,497
95$46,949,814$5,456,237$2,326,135$30,702,985
96$51,633,801$5,618,698$2,299,166$33,621,202
97$56,792,250$5,785,815$2,267,989$36,832,160
98$62,473,452$5,957,713$2,232,359$40,365,625
99$68,730,621$6,134,518$2,192,021$44,254,401
100$75,622,395$6,316,360$2,146,704$48,534,635