Can I retire at age 60 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$173,416$171,871$170,364$168,893$167,457$165,227
2 years$85,850$84,251$82,701$81,199$79,741$77,499
3 years$56,665$55,059$53,513$52,025$50,591$48,405
4 years$42,075$40,474$38,944$37,481$36,082$33,969
5 years$33,323$31,732$30,222$28,789$27,429$25,396
6 years$27,491$25,912$24,424$23,023$21,704$19,753
7 years$23,327$21,761$20,296$18,928$17,651$15,783
8 years$20,205$18,653$17,213$15,878$14,643$12,857
9 years$17,778$16,241$14,825$13,525$12,332$10,627
10 years$15,837$14,315$12,925$11,659$10,507$8,883
11 years$14,251$12,744$11,379$10,146$9,037$7,492
12 years$12,930$11,438$10,099$8,900$7,831$6,363
13 years$11,813$10,337$9,023$7,857$6,829$5,436
14 years$10,856$9,396$8,107$6,975$5,986$4,667
15 years$10,028$8,583$7,319$6,220$5,271$4,022
16 years$9,304$7,875$6,636$5,570$4,658$3,478
17 years$8,666$7,253$6,039$5,004$4,130$3,017
18 years$8,099$6,702$5,512$4,510$3,672$2,623
19 years$7,592$6,211$5,046$4,075$3,273$2,285
20 years$7,137$5,772$4,631$3,691$2,924$1,994
21 years$6,726$5,376$4,260$3,350$2,616$1,743
22 years$6,352$5,018$3,926$3,045$2,345$1,525
23 years$6,012$4,694$3,625$2,774$2,105$1,337
24 years$5,700$4,398$3,353$2,530$1,892$1,172
25 years$5,414$4,127$3,105$2,310$1,703$1,029
26 years$5,150$3,879$2,880$2,112$1,534$904
27 years$4,906$3,650$2,674$1,934$1,383$795
28 years$4,680$3,440$2,486$1,772$1,248$699
29 years$4,470$3,245$2,313$1,625$1,127$615
30 years$4,275$3,064$2,155$1,491$1,018$542
31 years$4,092$2,897$2,009$1,369$920$477
32 years$3,921$2,741$1,874$1,258$833$421
33 years$3,761$2,596$1,750$1,157$753$371
34 years$3,610$2,460$1,635$1,065$682$327
35 years$3,469$2,334$1,529$980$618$288
36 years$3,335$2,215$1,430$903$560$254
37 years$3,209$2,104$1,339$832$507$224
38 years$3,090$1,999$1,254$767$460$198
39 years$2,978$1,901$1,174$707$417$175
40 years$2,871$1,809$1,101$652$378$154
41 years$2,770$1,722$1,032$602$343$136
42 years$2,674$1,640$968$555$311$120
43 years$2,582$1,562$909$512$283$106
44 years$2,495$1,489$853$473$257$94
45 years$2,412$1,420$801$437$233$83
46 years$2,333$1,355$752$404$211$73
47 years$2,258$1,293$707$373$192$64
48 years$2,185$1,234$664$345$174$57
49 years$2,116$1,179$624$318$158$50
50 years$2,050$1,126$587$294$144$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,100,000, adding $3,798 every year, while hoping to spend $28,063 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: 47/45/8 Blend
59$2,100,000$2,100,000$2,100,000$2,100,000
60$2,318,118$2,206,818$2,174,268$2,421,858
61$2,524,707$2,285,093$2,217,247$2,571,817
62$2,751,428$2,366,263$2,260,725$2,731,224
63$3,000,304$2,450,440$2,304,690$2,903,568
64$3,273,564$2,537,742$2,349,127$3,090,058
65$3,573,665$2,628,288$2,394,020$3,292,022
66$3,903,312$2,722,207$2,439,352$3,510,919
67$4,265,484$2,819,630$2,485,105$3,748,353
68$4,663,465$2,920,693$2,531,257$4,006,088
69$5,100,871$3,025,540$2,577,787$4,286,064
70$5,581,687$3,134,319$2,624,671$4,590,410
71$6,110,303$3,247,184$2,671,881$4,921,474
72$6,691,556$3,364,298$2,719,391$5,281,832
73$7,330,773$3,485,827$2,767,169$5,674,323
74$8,033,826$3,611,946$2,815,183$6,102,066
75$8,807,182$3,742,838$2,863,398$6,568,494
76$9,657,969$3,878,691$2,911,776$7,077,386
77$10,594,039$4,019,704$2,960,277$7,632,897
78$11,624,042$4,166,081$3,008,858$8,239,604
79$12,757,513$4,318,037$3,057,473$8,902,540
80$14,004,954$4,475,796$3,106,073$9,627,247
81$15,377,938$4,639,589$3,154,605$10,419,825
82$16,889,218$4,809,659$3,203,015$11,286,988
83$18,552,844$4,986,258$3,251,242$12,236,129
84$20,384,299$5,169,650$3,299,224$13,275,385
85$22,400,644$5,360,109$3,346,893$14,413,718
86$24,620,675$5,557,920$3,394,180$15,660,991
87$27,065,108$5,763,382$3,441,009$17,028,069
88$29,756,766$5,976,804$3,487,300$18,526,913
89$32,720,800$6,198,512$3,532,968$20,170,695
90$35,984,924$6,428,842$3,577,925$21,973,923
91$39,579,677$6,668,146$3,622,077$23,952,571
92$43,538,710$6,916,790$3,665,322$26,124,234
93$47,899,105$7,175,159$3,707,556$28,508,291
94$52,701,722$7,443,650$3,748,668$31,126,083
95$57,991,588$7,722,680$3,788,539$34,001,119
96$63,818,321$8,012,683$3,827,046$37,159,293
97$70,236,596$8,314,110$3,864,058$40,629,126
98$77,306,663$8,627,435$3,899,438$44,442,035
99$85,094,913$8,953,150$3,933,040$48,632,629
100$93,674,508$9,291,769$3,964,711$53,239,030