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%14.8%
1 years$173,416$171,871$170,364$168,893$167,457$164,143
2 years$85,850$84,251$82,701$81,199$79,741$76,417
3 years$56,665$55,059$53,513$52,025$50,591$47,359
4 years$42,075$40,474$38,944$37,481$36,082$32,968
5 years$33,323$31,732$30,222$28,789$27,429$24,442
6 years$27,491$25,912$24,424$23,023$21,704$18,846
7 years$23,327$21,761$20,296$18,928$17,651$14,924
8 years$20,205$18,653$17,213$15,878$14,643$12,046
9 years$17,778$16,241$14,825$13,525$12,332$9,862
10 years$15,837$14,315$12,925$11,659$10,507$8,164
11 years$14,251$12,744$11,379$10,146$9,037$6,816
12 years$12,930$11,438$10,099$8,900$7,831$5,730
13 years$11,813$10,337$9,023$7,857$6,829$4,844
14 years$10,856$9,396$8,107$6,975$5,986$4,114
15 years$10,028$8,583$7,319$6,220$5,271$3,507
16 years$9,304$7,875$6,636$5,570$4,658$2,999
17 years$8,666$7,253$6,039$5,004$4,130$2,571
18 years$8,099$6,702$5,512$4,510$3,672$2,210
19 years$7,592$6,211$5,046$4,075$3,273$1,903
20 years$7,137$5,772$4,631$3,691$2,924$1,641
21 years$6,726$5,376$4,260$3,350$2,616$1,417
22 years$6,352$5,018$3,926$3,045$2,345$1,225
23 years$6,012$4,694$3,625$2,774$2,105$1,060
24 years$5,700$4,398$3,353$2,530$1,892$918
25 years$5,414$4,127$3,105$2,310$1,703$796
26 years$5,150$3,879$2,880$2,112$1,534$691
27 years$4,906$3,650$2,674$1,934$1,383$599
28 years$4,680$3,440$2,486$1,772$1,248$520
29 years$4,470$3,245$2,313$1,625$1,127$452
30 years$4,275$3,064$2,155$1,491$1,018$393
31 years$4,092$2,897$2,009$1,369$920$341
32 years$3,921$2,741$1,874$1,258$833$297
33 years$3,761$2,596$1,750$1,157$753$258
34 years$3,610$2,460$1,635$1,065$682$225
35 years$3,469$2,334$1,529$980$618$195
36 years$3,335$2,215$1,430$903$560$170
37 years$3,209$2,104$1,339$832$507$148
38 years$3,090$1,999$1,254$767$460$129
39 years$2,978$1,901$1,174$707$417$112
40 years$2,871$1,809$1,101$652$378$98
41 years$2,770$1,722$1,032$602$343$85
42 years$2,674$1,640$968$555$311$74
43 years$2,582$1,562$909$512$283$64
44 years$2,495$1,489$853$473$257$56
45 years$2,412$1,420$801$437$233$49
46 years$2,333$1,355$752$404$211$43
47 years$2,258$1,293$707$373$192$37
48 years$2,185$1,234$664$345$174$32
49 years$2,116$1,179$624$318$158$28
50 years$2,050$1,126$587$294$144$24

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 $6,949 every year, while hoping to spend $41,006 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: 34/48/18 Blend
59$2,100,000$2,100,000$2,100,000$2,100,000
60$2,321,368$2,210,068$2,177,518$2,387,207
61$2,514,517$2,274,731$2,206,835$2,500,852
62$2,725,994$2,341,189$2,235,759$2,619,020
63$2,957,623$2,409,485$2,264,235$2,745,583
64$3,211,416$2,479,665$2,292,203$2,881,308
65$3,489,588$2,551,776$2,319,599$3,027,037
66$3,794,577$2,625,865$2,346,357$3,183,693
67$4,129,071$2,701,978$2,372,406$3,352,295
68$4,496,027$2,780,166$2,397,673$3,533,962
69$4,898,705$2,860,478$2,422,078$3,729,926
70$5,340,696$2,942,964$2,445,540$3,941,541
71$5,825,952$3,027,674$2,467,971$4,170,300
72$6,358,830$3,114,662$2,489,279$4,417,843
73$6,944,129$3,203,978$2,509,368$4,685,977
74$7,587,134$3,295,677$2,528,136$4,976,690
75$8,293,669$3,389,813$2,545,476$5,292,171
76$9,070,149$3,486,439$2,561,275$5,634,832
77$9,923,641$3,585,612$2,575,415$6,007,325
78$10,861,933$3,687,387$2,587,772$6,412,573
79$11,893,601$3,791,820$2,598,213$6,853,795
80$13,028,098$3,898,969$2,606,603$7,334,535
81$14,275,836$4,008,890$2,612,796$7,858,696
82$15,648,288$4,121,642$2,616,641$8,430,579
83$17,158,094$4,237,283$2,617,979$9,054,918
84$18,819,181$4,355,872$2,616,643$9,736,932
85$20,646,894$4,477,466$2,612,457$10,482,366
86$22,658,141$4,602,125$2,605,238$11,297,552
87$24,871,551$4,729,909$2,594,793$12,189,462
88$27,307,650$4,860,876$2,580,920$13,165,781
89$29,989,057$4,995,085$2,563,407$14,234,974
90$32,940,691$5,132,595$2,542,032$15,406,365
91$36,190,014$5,273,465$2,516,563$16,690,231
92$39,767,283$5,417,752$2,486,755$18,097,893
93$43,705,840$5,565,515$2,452,355$19,641,824
94$48,042,421$5,716,811$2,413,094$21,335,769
95$52,817,509$5,871,696$2,368,694$23,194,873
96$58,075,711$6,030,225$2,318,861$25,235,821
97$63,866,180$6,192,452$2,263,290$27,477,002
98$70,243,079$6,358,432$2,201,659$29,938,677
99$77,266,093$6,528,214$2,133,634$32,643,173
100$85,000,987$6,701,850$2,058,864$35,615,089