Can I retire at age 60 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$172,590$171,053$169,553$168,089$166,660$162,697
2 years$85,441$83,849$82,307$80,812$79,362$75,392
3 years$56,395$54,797$53,258$51,777$50,350$46,499
4 years$41,874$40,281$38,758$37,302$35,910$32,206
5 years$33,165$31,581$30,078$28,652$27,298$23,751
6 years$27,360$25,788$24,308$22,913$21,600$18,214
7 years$23,215$21,657$20,200$18,838$17,567$14,343
8 years$20,108$18,564$17,131$15,803$14,573$11,509
9 years$17,693$16,163$14,755$13,461$12,273$9,367
10 years$15,762$14,247$12,864$11,603$10,457$7,706
11 years$14,183$12,683$11,325$10,098$8,993$6,393
12 years$12,868$11,384$10,051$8,857$7,794$5,339
13 years$11,757$10,288$8,980$7,820$6,796$4,484
14 years$10,804$9,351$8,068$6,942$5,957$3,782
15 years$9,980$8,543$7,284$6,191$5,245$3,202
16 years$9,259$7,838$6,604$5,543$4,636$2,719
17 years$8,624$7,218$6,010$4,980$4,111$2,314
18 years$8,060$6,670$5,486$4,488$3,655$1,974
19 years$7,556$6,182$5,022$4,056$3,258$1,687
20 years$7,103$5,744$4,609$3,673$2,910$1,444
21 years$6,694$5,351$4,240$3,334$2,604$1,238
22 years$6,322$4,995$3,907$3,031$2,334$1,062
23 years$5,983$4,671$3,608$2,760$2,095$912
24 years$5,673$4,377$3,337$2,518$1,883$784
25 years$5,388$4,107$3,090$2,299$1,695$674
26 years$5,126$3,860$2,866$2,102$1,526$580
27 years$4,883$3,633$2,662$1,924$1,376$499
28 years$4,658$3,423$2,474$1,763$1,242$430
29 years$4,449$3,229$2,302$1,617$1,121$370
30 years$4,254$3,050$2,145$1,484$1,013$319
31 years$4,072$2,883$1,999$1,363$916$275
32 years$3,902$2,728$1,865$1,252$829$237
33 years$3,743$2,584$1,742$1,152$750$205
34 years$3,593$2,449$1,627$1,060$679$177
35 years$3,452$2,322$1,522$975$615$152
36 years$3,319$2,204$1,423$898$557$131
37 years$3,194$2,094$1,332$828$505$113
38 years$3,076$1,990$1,248$763$458$98
39 years$2,964$1,892$1,169$703$415$84
40 years$2,857$1,800$1,096$649$377$73
41 years$2,757$1,714$1,027$599$342$63
42 years$2,661$1,632$964$552$310$54
43 years$2,570$1,555$904$510$281$47
44 years$2,483$1,482$849$471$255$41
45 years$2,401$1,413$797$435$232$35
46 years$2,322$1,348$749$402$210$30
47 years$2,247$1,287$703$371$191$26
48 years$2,175$1,228$661$343$174$23
49 years$2,106$1,173$621$317$158$19
50 years$2,041$1,120$584$293$143$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,090,000, adding $2,836 every year, while hoping to spend $31,283 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: 29/42/29 Blend
59$2,090,000$2,090,000$2,090,000$2,090,000
60$2,306,105$2,195,335$2,162,940$2,352,296
61$2,508,043$2,269,622$2,202,114$2,463,470
62$2,729,530$2,346,500$2,241,551$2,580,007
63$2,972,528$2,426,064$2,281,229$2,704,674
64$3,239,195$2,508,410$2,321,119$2,838,199
65$3,531,912$2,593,641$2,361,196$2,981,377
66$3,853,299$2,681,862$2,401,428$3,135,083
67$4,206,243$2,773,181$2,441,783$3,300,278
68$4,593,924$2,867,711$2,482,227$3,478,019
69$5,019,846$2,965,571$2,522,724$3,669,466
70$5,487,869$3,066,882$2,563,234$3,875,894
71$6,002,244$3,171,772$2,603,714$4,098,706
72$6,567,655$3,280,371$2,644,121$4,339,443
73$7,189,264$3,392,817$2,684,407$4,599,801
74$7,872,755$3,509,251$2,724,521$4,881,643
75$8,624,393$3,629,822$2,764,410$5,187,022
76$9,451,080$3,754,682$2,804,016$5,518,193
77$10,360,420$3,883,991$2,843,280$5,877,639
78$11,360,790$4,017,914$2,882,137$6,268,090
79$12,461,421$4,156,622$2,920,520$6,692,552
80$13,672,485$4,300,295$2,958,356$7,154,333
81$15,005,186$4,449,118$2,995,569$7,657,073
82$16,471,874$4,603,284$3,032,079$8,204,778
83$18,086,153$4,762,992$3,067,802$8,801,861
84$19,863,015$4,928,452$3,102,647$9,453,177
85$21,818,976$5,099,880$3,136,519$10,164,071
86$23,972,238$5,277,501$3,169,319$10,940,429
87$26,342,856$5,461,549$3,200,942$11,788,733
88$28,952,930$5,652,267$3,231,275$12,716,119
89$31,826,808$5,849,907$3,260,202$13,730,444
90$34,991,323$6,054,734$3,287,600$14,840,364
91$38,476,042$6,267,019$3,313,338$16,055,407
92$42,313,543$6,487,048$3,337,280$17,386,071
93$46,539,728$6,715,117$3,359,282$18,843,916
94$51,194,154$6,951,532$3,379,192$20,441,674
95$56,320,414$7,196,613$3,396,852$22,193,370
96$61,966,544$7,450,694$3,412,093$24,114,451
97$68,185,474$7,714,121$3,424,741$26,221,934
98$75,035,532$7,987,253$3,434,610$28,534,562
99$82,580,994$8,270,466$3,441,507$31,072,983
100$90,892,685$8,564,149$3,445,227$33,859,944