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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$165,158$163,687$162,252$160,851$159,483$157,817
2 years$81,761$80,239$78,763$77,332$75,944$74,267
3 years$53,966$52,437$50,965$49,547$48,182$46,545
4 years$40,071$38,547$37,089$35,696$34,364$32,780
5 years$31,737$30,221$28,783$27,418$26,123$24,596
6 years$26,182$24,678$23,261$21,926$20,670$19,203
7 years$22,216$20,724$19,330$18,027$16,810$15,403
8 years$19,243$17,765$16,393$15,122$13,946$12,599
9 years$16,931$15,467$14,120$12,881$11,744$10,457
10 years$15,083$13,634$12,310$11,103$10,007$8,778
11 years$13,572$12,137$10,837$9,663$8,606$7,435
12 years$12,314$10,894$9,618$8,476$7,458$6,343
13 years$11,250$9,845$8,593$7,483$6,503$5,444
14 years$10,339$8,949$7,721$6,643$5,701$4,695
15 years$9,550$8,175$6,971$5,924$5,020$4,066
16 years$8,861$7,500$6,320$5,304$4,436$3,533
17 years$8,253$6,907$5,751$4,766$3,934$3,079
18 years$7,713$6,383$5,250$4,295$3,497$2,691
19 years$7,231$5,915$4,806$3,881$3,117$2,356
20 years$6,797$5,497$4,411$3,515$2,785$2,067
21 years$6,406$5,120$4,057$3,190$2,492$1,816
22 years$6,050$4,779$3,739$2,900$2,234$1,598
23 years$5,726$4,470$3,452$2,642$2,005$1,408
24 years$5,429$4,188$3,193$2,409$1,802$1,241
25 years$5,156$3,930$2,957$2,200$1,622$1,096
26 years$4,905$3,694$2,743$2,012$1,461$968
27 years$4,673$3,476$2,547$1,841$1,317$856
28 years$4,458$3,276$2,368$1,687$1,188$757
29 years$4,258$3,090$2,203$1,547$1,073$670
30 years$4,071$2,919$2,052$1,420$970$593
31 years$3,897$2,759$1,913$1,304$877$526
32 years$3,734$2,611$1,785$1,198$793$466
33 years$3,582$2,472$1,667$1,102$718$413
34 years$3,438$2,343$1,557$1,014$650$366
35 years$3,304$2,222$1,456$933$588$325
36 years$3,176$2,109$1,362$860$533$288
37 years$3,057$2,003$1,275$792$483$256
38 years$2,943$1,904$1,194$730$438$227
39 years$2,836$1,811$1,119$673$397$202
40 years$2,734$1,723$1,048$621$360$179
41 years$2,638$1,640$983$573$327$159
42 years$2,546$1,562$922$529$297$141
43 years$2,459$1,488$865$488$269$125
44 years$2,376$1,418$812$451$244$111
45 years$2,297$1,352$763$416$222$99
46 years$2,222$1,290$716$384$201$88
47 years$2,150$1,231$673$355$183$78
48 years$2,081$1,175$632$328$166$69
49 years$2,016$1,122$594$303$151$62
50 years$1,953$1,072$559$280$137$55

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 $2,826 every year, while hoping to spend $41,103 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: 48/34/18 Blend
59$2,000,000$2,000,000$2,000,000$2,000,000
60$2,206,915$2,100,915$2,069,915$2,301,540
61$2,388,287$2,160,127$2,095,524$2,426,703
62$2,586,781$2,220,862$2,120,613$2,558,126
63$2,804,101$2,283,152$2,145,122$2,699,958
64$3,042,122$2,347,029$2,168,986$2,853,188
65$3,302,909$2,412,524$2,192,137$3,018,908
66$3,588,737$2,479,669$2,214,505$3,198,320
67$3,902,110$2,548,495$2,236,013$3,392,746
68$4,245,788$2,619,034$2,256,582$3,603,642
69$4,622,810$2,691,318$2,276,129$3,832,611
70$5,036,522$2,765,378$2,294,565$4,081,419
71$5,490,612$2,841,246$2,311,797$4,352,009
72$5,989,140$2,918,953$2,327,729$4,646,524
73$6,536,581$2,998,530$2,342,256$4,967,322
74$7,137,862$3,080,008$2,355,271$5,317,000
75$7,798,412$3,163,416$2,366,661$5,698,419
76$8,524,211$3,248,785$2,376,305$6,114,732
77$9,321,848$3,336,143$2,384,079$6,569,411
78$10,198,582$3,425,519$2,389,851$7,066,280
79$11,162,408$3,516,940$2,393,482$7,609,555
80$12,222,137$3,610,434$2,394,827$8,203,877
81$13,387,475$3,706,025$2,393,734$8,854,363
82$14,669,116$3,803,739$2,390,042$9,566,647
83$16,078,843$3,903,599$2,383,585$10,346,940
84$17,629,635$4,005,626$2,374,186$11,202,083
85$19,335,798$4,109,841$2,361,661$12,139,615
86$21,213,089$4,216,263$2,345,816$13,167,844
87$23,278,872$4,324,908$2,326,449$14,295,921
88$25,552,280$4,435,791$2,303,348$15,533,934
89$28,054,392$4,548,925$2,276,290$16,892,997
90$30,808,438$4,664,320$2,245,043$18,385,355
91$33,840,009$4,781,982$2,209,363$20,024,506
92$37,177,308$4,901,917$2,168,994$21,825,320
93$40,851,408$5,024,126$2,123,671$23,804,186
94$44,896,550$5,148,607$2,073,112$25,979,162
95$49,350,463$5,275,353$2,017,026$28,370,150
96$54,254,720$5,404,356$1,955,107$30,999,081
97$59,655,133$5,535,600$1,887,034$33,890,122
98$65,602,181$5,669,069$1,812,474$37,069,906
99$72,151,487$5,804,737$1,731,076$40,567,783
100$79,364,346$5,942,577$1,642,474$44,416,097