Can I retire at age 60 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$152,771$151,410$150,083$148,787$147,522$144,248
2 years$75,629$74,221$72,856$71,532$70,248$66,968
3 years$49,919$48,504$47,142$45,831$44,568$41,383
4 years$37,066$35,656$34,308$33,019$31,787$28,720
5 years$29,356$27,954$26,624$25,362$24,164$21,226
6 years$24,218$22,827$21,516$20,282$19,120$16,313
7 years$20,550$19,170$17,880$16,675$15,550$12,874
8 years$17,799$16,432$15,164$13,988$12,900$10,355
9 years$15,661$14,307$13,061$11,915$10,864$8,448
10 years$13,952$12,611$11,386$10,271$9,256$6,967
11 years$12,554$11,227$10,024$8,939$7,961$5,795
12 years$11,391$10,077$8,896$7,840$6,899$4,853
13 years$10,407$9,106$7,948$6,922$6,016$4,086
14 years$9,564$8,277$7,142$6,144$5,273$3,456
15 years$8,834$7,562$6,448$5,480$4,643$2,934
16 years$8,196$6,938$5,846$4,907$4,104$2,498
17 years$7,634$6,389$5,320$4,408$3,638$2,133
18 years$7,135$5,904$4,856$3,973$3,235$1,825
19 years$6,689$5,472$4,446$3,590$2,884$1,564
20 years$6,288$5,085$4,080$3,251$2,576$1,343
21 years$5,925$4,736$3,753$2,951$2,305$1,154
22 years$5,596$4,421$3,459$2,683$2,066$993
23 years$5,296$4,135$3,194$2,443$1,855$856
24 years$5,022$3,874$2,953$2,229$1,667$738
25 years$4,770$3,636$2,736$2,035$1,500$636
26 years$4,537$3,417$2,537$1,861$1,351$549
27 years$4,322$3,216$2,356$1,703$1,218$475
28 years$4,123$3,030$2,190$1,561$1,099$410
29 years$3,938$2,859$2,038$1,431$993$354
30 years$3,766$2,700$1,898$1,313$897$306
31 years$3,605$2,552$1,770$1,206$811$265
32 years$3,454$2,415$1,651$1,109$733$229
33 years$3,313$2,287$1,542$1,019$664$198
34 years$3,180$2,167$1,441$938$601$172
35 years$3,056$2,056$1,347$863$544$149
36 years$2,938$1,951$1,260$795$493$129
37 years$2,827$1,853$1,179$733$447$111
38 years$2,722$1,761$1,104$675$405$97
39 years$2,623$1,675$1,035$623$367$84
40 years$2,529$1,593$970$574$333$72
41 years$2,440$1,517$909$530$302$63
42 years$2,355$1,444$853$489$274$54
43 years$2,275$1,376$800$451$249$47
44 years$2,198$1,312$751$417$226$41
45 years$2,125$1,251$705$385$205$35
46 years$2,055$1,193$663$356$186$31
47 years$1,989$1,139$622$329$169$27
48 years$1,925$1,087$585$304$154$23
49 years$1,864$1,038$550$281$140$20
50 years$1,806$992$517$259$127$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,850,000, adding $4,990 every year, while hoping to spend $29,156 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: 76/7/17 Blend
59$1,850,000$1,850,000$1,850,000$1,850,000
60$2,043,847$1,945,797$1,917,122$2,191,026
61$2,221,298$2,010,119$1,950,324$2,353,334
62$2,415,871$2,076,616$1,983,661$2,527,118
63$2,629,283$2,145,364$2,017,107$2,716,867
64$2,863,423$2,216,440$2,050,633$2,924,164
65$3,120,374$2,289,926$2,084,210$3,150,753
66$3,402,426$2,365,907$2,117,806$3,398,555
67$3,712,107$2,444,470$2,151,386$3,669,687
68$4,052,199$2,525,706$2,184,914$3,966,478
69$4,425,766$2,609,708$2,218,351$4,291,496
70$4,836,184$2,696,574$2,251,656$4,647,568
71$5,287,173$2,786,404$2,284,784$5,037,809
72$5,782,830$2,879,303$2,317,690$5,465,650
73$6,327,670$2,975,381$2,350,324$5,934,872
74$6,926,666$3,074,748$2,382,634$6,449,639
75$7,585,296$3,177,521$2,414,563$7,014,539
76$8,309,599$3,283,822$2,446,053$7,634,626
77$9,106,225$3,393,776$2,477,042$8,315,469
78$9,982,501$3,507,513$2,507,465$9,063,204
79$10,946,502$3,625,167$2,537,251$9,884,590
80$12,007,123$3,746,878$2,566,327$10,787,075
81$13,174,167$3,872,791$2,594,615$11,778,866
82$14,458,431$4,003,058$2,622,034$12,869,004
83$15,871,816$4,137,833$2,648,498$14,067,450
84$17,427,434$4,277,279$2,673,914$15,385,184
85$19,139,730$4,421,563$2,698,188$16,834,298
86$21,024,623$4,570,861$2,721,218$18,428,121
87$23,099,653$4,725,352$2,742,898$20,181,338
88$25,384,148$4,885,224$2,763,116$22,110,129
89$27,899,404$5,050,673$2,781,753$24,232,325
90$30,668,887$5,221,900$2,798,685$26,567,573
91$33,718,456$5,399,115$2,813,783$29,137,521
92$37,076,602$5,582,536$2,826,909$31,966,025
93$40,774,724$5,772,388$2,837,919$35,079,373
94$44,847,418$5,968,907$2,846,661$38,506,531
95$49,332,808$6,172,337$2,852,977$42,279,417
96$54,272,902$6,382,929$2,856,700$46,433,206
97$59,713,992$6,600,947$2,857,654$51,006,655
98$65,707,090$6,826,663$2,855,655$56,042,476
99$72,308,404$7,060,361$2,850,511$61,587,732
100$79,579,877$7,302,335$2,842,019$67,694,288