Can I retire at age 60 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$174,242$172,690$171,176$169,698$168,254$163,130
2 years$86,258$84,652$83,095$81,585$80,121$75,002
3 years$56,934$55,321$53,768$52,273$50,832$45,879
4 years$42,275$40,667$39,129$37,659$36,254$31,505
5 years$33,482$31,883$30,366$28,926$27,560$23,028
6 years$27,622$26,035$24,540$23,132$21,807$17,496
7 years$23,438$21,864$20,393$19,018$17,735$13,645
8 years$20,301$18,742$17,295$15,954$14,713$10,841
9 years$17,862$16,318$14,896$13,589$12,390$8,732
10 years$15,913$14,383$12,987$11,714$10,557$7,108
11 years$14,319$12,805$11,433$10,195$9,080$5,833
12 years$12,991$11,493$10,147$8,942$7,868$4,818
13 years$11,869$10,386$9,065$7,895$6,861$4,000
14 years$10,908$9,441$8,145$7,008$6,014$3,334
15 years$10,076$8,624$7,354$6,250$5,296$2,789
16 years$9,348$7,913$6,668$5,596$4,680$2,340
17 years$8,707$7,287$6,067$5,028$4,150$1,967
18 years$8,137$6,734$5,539$4,531$3,690$1,657
19 years$7,629$6,241$5,070$4,094$3,289$1,398
20 years$7,171$5,799$4,653$3,708$2,938$1,181
21 years$6,758$5,402$4,280$3,365$2,629$999
22 years$6,383$5,042$3,945$3,060$2,356$846
23 years$6,041$4,716$3,642$2,787$2,115$717
24 years$5,728$4,419$3,369$2,542$1,901$608
25 years$5,440$4,147$3,120$2,321$1,711$516
26 years$5,175$3,897$2,894$2,122$1,541$438
27 years$4,930$3,668$2,687$1,943$1,389$372
28 years$4,703$3,456$2,498$1,780$1,254$316
29 years$4,492$3,260$2,324$1,632$1,132$268
30 years$4,295$3,079$2,165$1,498$1,023$228
31 years$4,111$2,911$2,019$1,376$925$194
32 years$3,940$2,754$1,883$1,264$837$165
33 years$3,779$2,608$1,758$1,163$757$140
34 years$3,627$2,472$1,643$1,070$685$119
35 years$3,485$2,345$1,536$985$621$101
36 years$3,351$2,225$1,437$907$562$86
37 years$3,225$2,114$1,345$836$510$73
38 years$3,105$2,009$1,260$770$462$62
39 years$2,992$1,910$1,180$710$419$53
40 years$2,885$1,817$1,106$655$380$45
41 years$2,783$1,730$1,037$604$345$38
42 years$2,686$1,647$973$558$313$33
43 years$2,594$1,570$913$515$284$28
44 years$2,507$1,496$857$475$258$24
45 years$2,424$1,427$805$439$234$20
46 years$2,344$1,361$756$406$212$17
47 years$2,268$1,299$710$375$193$15
48 years$2,196$1,240$667$346$175$12
49 years$2,126$1,184$627$320$159$11
50 years$2,060$1,131$590$296$145$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,110,000, adding $5,986 every year, while hoping to spend $24,158 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: 37/37/26 Blend
59$2,110,000$2,110,000$2,110,000$2,110,000
60$2,331,395$2,219,565$2,186,860$2,399,315
61$2,543,493$2,302,619$2,234,415$2,532,869
62$2,776,416$2,388,934$2,282,755$2,674,384
63$3,032,261$2,478,643$2,331,878$2,826,775
64$3,313,342$2,571,886$2,381,786$2,991,040
65$3,622,203$2,668,810$2,432,477$3,168,272
66$3,961,653$2,769,566$2,483,949$3,359,676
67$4,334,780$2,874,314$2,536,201$3,566,573
68$4,744,992$2,983,219$2,589,227$3,790,413
69$5,196,039$3,096,454$2,643,024$4,032,794
70$5,692,055$3,214,201$2,697,585$4,295,469
71$6,237,594$3,336,646$2,752,904$4,580,365
72$6,837,674$3,463,987$2,808,972$4,889,604
73$7,497,824$3,596,430$2,865,779$5,225,517
74$8,224,134$3,734,187$2,923,315$5,590,666
75$9,023,315$3,877,482$2,981,566$5,987,873
76$9,902,764$4,026,549$3,040,519$6,420,239
77$10,870,627$4,181,631$3,100,158$6,891,176
78$11,935,882$4,342,982$3,160,464$7,404,439
79$13,108,421$4,510,868$3,221,419$7,964,159
80$14,399,145$4,685,565$3,283,001$8,574,883
81$15,820,062$4,867,362$3,345,186$9,241,613
82$17,384,408$5,056,562$3,407,949$9,969,856
83$19,106,764$5,253,480$3,471,262$10,765,672
84$21,003,198$5,458,445$3,535,094$11,635,733
85$23,091,417$5,671,801$3,599,411$12,587,382
86$25,390,929$5,893,907$3,664,179$13,628,705
87$27,923,233$6,125,138$3,729,359$14,768,603
88$30,712,019$6,365,885$3,794,908$16,016,875
89$33,783,390$6,616,559$3,860,783$17,384,312
90$37,166,112$6,877,587$3,926,936$18,882,796
91$40,891,881$7,149,414$3,993,314$20,525,410
92$44,995,626$7,432,508$4,059,862$22,326,563
93$49,515,835$7,727,356$4,126,523$24,302,121
94$54,494,921$8,034,467$4,193,232$26,469,559
95$59,979,620$8,354,374$4,259,923$28,848,122
96$66,021,435$8,687,631$4,326,523$31,459,005
97$72,677,117$9,034,821$4,392,958$34,325,554
98$80,009,206$9,396,551$4,459,145$37,473,483
99$88,086,617$9,773,454$4,524,999$40,931,115
100$96,985,294$10,166,194$4,590,428$44,729,647