Can I retire at age 60 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$165,158$163,687$162,252$160,851$159,483$156,199
2 years$81,761$80,239$78,763$77,332$75,944$72,651
3 years$53,966$52,437$50,965$49,547$48,182$44,982
4 years$40,071$38,547$37,089$35,696$34,364$31,281
5 years$31,737$30,221$28,783$27,418$26,123$23,167
6 years$26,182$24,678$23,261$21,926$20,670$17,844
7 years$22,216$20,724$19,330$18,027$16,810$14,114
8 years$19,243$17,765$16,393$15,122$13,946$11,379
9 years$16,931$15,467$14,120$12,881$11,744$9,305
10 years$15,083$13,634$12,310$11,103$10,007$7,693
11 years$13,572$12,137$10,837$9,663$8,606$6,415
12 years$12,314$10,894$9,618$8,476$7,458$5,386
13 years$11,250$9,845$8,593$7,483$6,503$4,547
14 years$10,339$8,949$7,721$6,643$5,701$3,856
15 years$9,550$8,175$6,971$5,924$5,020$3,283
16 years$8,861$7,500$6,320$5,304$4,436$2,803
17 years$8,253$6,907$5,751$4,766$3,934$2,400
18 years$7,713$6,383$5,250$4,295$3,497$2,060
19 years$7,231$5,915$4,806$3,881$3,117$1,771
20 years$6,797$5,497$4,411$3,515$2,785$1,525
21 years$6,406$5,120$4,057$3,190$2,492$1,315
22 years$6,050$4,779$3,739$2,900$2,234$1,135
23 years$5,726$4,470$3,452$2,642$2,005$981
24 years$5,429$4,188$3,193$2,409$1,802$848
25 years$5,156$3,930$2,957$2,200$1,622$734
26 years$4,905$3,694$2,743$2,012$1,461$636
27 years$4,673$3,476$2,547$1,841$1,317$551
28 years$4,458$3,276$2,368$1,687$1,188$478
29 years$4,258$3,090$2,203$1,547$1,073$414
30 years$4,071$2,919$2,052$1,420$970$359
31 years$3,897$2,759$1,913$1,304$877$312
32 years$3,734$2,611$1,785$1,198$793$271
33 years$3,582$2,472$1,667$1,102$718$235
34 years$3,438$2,343$1,557$1,014$650$204
35 years$3,304$2,222$1,456$933$588$177
36 years$3,176$2,109$1,362$860$533$154
37 years$3,057$2,003$1,275$792$483$134
38 years$2,943$1,904$1,194$730$438$116
39 years$2,836$1,811$1,119$673$397$101
40 years$2,734$1,723$1,048$621$360$88
41 years$2,638$1,640$983$573$327$76
42 years$2,546$1,562$922$529$297$66
43 years$2,459$1,488$865$488$269$58
44 years$2,376$1,418$812$451$244$50
45 years$2,297$1,352$763$416$222$44
46 years$2,222$1,290$716$384$201$38
47 years$2,150$1,231$673$355$183$33
48 years$2,081$1,175$632$328$166$29
49 years$2,016$1,122$594$303$151$25
50 years$1,953$1,072$559$280$137$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,000,000, adding $6,688 every year, while hoping to spend $40,778 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: 75/9/16 Blend
59$2,000,000$2,000,000$2,000,000$2,000,000
60$2,210,899$2,104,899$2,073,899$2,368,376
61$2,393,023$2,164,651$2,099,987$2,533,195
62$2,592,357$2,225,965$2,125,582$2,708,084
63$2,810,613$2,288,873$2,150,625$2,898,675
64$3,049,678$2,353,410$2,175,053$3,106,519
65$3,311,627$2,419,609$2,198,799$3,333,326
66$3,598,748$2,487,505$2,221,794$3,580,977
67$3,913,559$2,557,131$2,243,963$3,851,545
68$4,258,834$2,628,523$2,265,228$4,147,314
69$4,637,630$2,701,715$2,285,507$4,470,799
70$5,053,311$2,776,742$2,304,715$4,824,769
71$5,509,585$2,853,638$2,322,759$5,212,279
72$6,010,535$2,932,439$2,339,544$5,636,690
73$6,560,659$3,013,179$2,354,969$6,101,707
74$7,164,914$3,095,892$2,368,927$6,611,412
75$7,828,757$3,180,612$2,381,308$7,170,300
76$8,558,202$3,267,374$2,391,994$7,783,327
77$9,359,874$3,356,211$2,400,861$8,455,950
78$10,241,072$3,447,156$2,407,781$9,194,185
79$11,209,837$3,540,242$2,412,617$10,004,656
80$12,275,027$3,635,501$2,415,226$10,894,667
81$13,446,403$3,732,964$2,415,460$11,872,262
82$14,734,718$3,832,661$2,413,159$12,946,305
83$16,151,820$3,934,622$2,408,161$14,126,565
84$17,710,762$4,038,874$2,400,291$15,423,805
85$19,425,927$4,145,447$2,389,368$16,849,885
86$21,313,162$4,254,364$2,375,202$18,417,874
87$23,389,927$4,365,651$2,357,594$20,142,171
88$25,675,461$4,479,329$2,336,335$22,038,646
89$28,190,963$4,595,421$2,311,206$24,124,785
90$30,959,788$4,713,943$2,281,979$26,419,857
91$34,007,674$4,834,914$2,248,413$28,945,095
92$37,362,979$4,958,347$2,210,257$31,723,898
93$41,056,951$5,084,254$2,167,249$34,782,049
94$45,124,020$5,212,643$2,119,112$38,147,961
95$49,602,128$5,343,520$2,065,559$41,852,945
96$54,533,079$5,476,887$2,006,290$45,931,505
97$59,962,940$5,612,742$1,940,988$50,421,663
98$65,942,474$5,751,079$1,869,325$55,365,317
99$72,527,614$5,891,890$1,790,955$60,808,642
100$79,779,997$6,035,159$1,705,518$66,802,518