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

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$174,242$172,690$171,176$169,698$168,254$164,790
2 years$86,258$84,652$83,095$81,585$80,121$76,646
3 years$56,934$55,321$53,768$52,273$50,832$47,456
4 years$42,275$40,667$39,129$37,659$36,254$33,002
5 years$33,482$31,883$30,366$28,926$27,560$24,441
6 years$27,622$26,035$24,540$23,132$21,807$18,825
7 years$23,438$21,864$20,393$19,018$17,735$14,890
8 years$20,301$18,742$17,295$15,954$14,713$12,005
9 years$17,862$16,318$14,896$13,589$12,390$9,817
10 years$15,913$14,383$12,987$11,714$10,557$8,116
11 years$14,319$12,805$11,433$10,195$9,080$6,768
12 years$12,991$11,493$10,147$8,942$7,868$5,682
13 years$11,869$10,386$9,065$7,895$6,861$4,797
14 years$10,908$9,441$8,145$7,008$6,014$4,068
15 years$10,076$8,624$7,354$6,250$5,296$3,463
16 years$9,348$7,913$6,668$5,596$4,680$2,958
17 years$8,707$7,287$6,067$5,028$4,150$2,532
18 years$8,137$6,734$5,539$4,531$3,690$2,173
19 years$7,629$6,241$5,070$4,094$3,289$1,868
20 years$7,171$5,799$4,653$3,708$2,938$1,609
21 years$6,758$5,402$4,280$3,365$2,629$1,387
22 years$6,383$5,042$3,945$3,060$2,356$1,197
23 years$6,041$4,716$3,642$2,787$2,115$1,035
24 years$5,728$4,419$3,369$2,542$1,901$895
25 years$5,440$4,147$3,120$2,321$1,711$774
26 years$5,175$3,897$2,894$2,122$1,541$671
27 years$4,930$3,668$2,687$1,943$1,389$581
28 years$4,703$3,456$2,498$1,780$1,254$504
29 years$4,492$3,260$2,324$1,632$1,132$437
30 years$4,295$3,079$2,165$1,498$1,023$379
31 years$4,111$2,911$2,019$1,376$925$329
32 years$3,940$2,754$1,883$1,264$837$286
33 years$3,779$2,608$1,758$1,163$757$248
34 years$3,627$2,472$1,643$1,070$685$215
35 years$3,485$2,345$1,536$985$621$187
36 years$3,351$2,225$1,437$907$562$162
37 years$3,225$2,114$1,345$836$510$141
38 years$3,105$2,009$1,260$770$462$123
39 years$2,992$1,910$1,180$710$419$107
40 years$2,885$1,817$1,106$655$380$93
41 years$2,783$1,730$1,037$604$345$81
42 years$2,686$1,647$973$558$313$70
43 years$2,594$1,570$913$515$284$61
44 years$2,507$1,496$857$475$258$53
45 years$2,424$1,427$805$439$234$46
46 years$2,344$1,361$756$406$212$40
47 years$2,268$1,299$710$375$193$35
48 years$2,196$1,240$667$346$175$30
49 years$2,126$1,184$627$320$159$26
50 years$2,060$1,131$590$296$145$23

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 $3,043 every year, while hoping to spend $49,544 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: 30/42/28 Blend
59$2,110,000$2,110,000$2,110,000$2,110,000
60$2,328,359$2,216,529$2,183,824$2,378,079
61$2,513,137$2,272,424$2,204,268$2,473,091
62$2,715,102$2,329,398$2,223,736$2,570,697
63$2,935,955$2,387,451$2,242,143$2,674,718
64$3,177,568$2,446,582$2,259,400$2,785,748
65$3,442,003$2,506,787$2,275,413$2,904,439
66$3,731,530$2,568,063$2,290,083$3,031,513
67$4,048,650$2,630,402$2,303,305$3,167,762
68$4,396,117$2,693,796$2,314,970$3,314,061
69$4,776,962$2,758,233$2,324,962$3,471,375
70$5,194,525$2,823,699$2,333,161$3,640,766
71$5,652,484$2,890,178$2,339,440$3,823,406
72$6,154,891$2,957,650$2,343,664$4,020,588
73$6,706,207$3,026,093$2,345,695$4,233,737
74$7,311,349$3,095,480$2,345,384$4,464,424
75$7,975,730$3,165,782$2,342,578$4,714,380
76$8,705,315$3,236,966$2,337,115$4,985,517
77$9,506,673$3,308,993$2,328,824$5,279,941
78$10,387,042$3,381,823$2,317,529$5,599,975
79$11,354,396$3,455,407$2,303,041$5,948,180
80$12,417,518$3,529,696$2,285,166$6,327,381
81$13,586,085$3,604,631$2,263,700$6,740,693
82$14,870,758$3,680,150$2,238,426$7,191,552
83$16,283,283$3,756,185$2,209,121$7,683,745
84$17,836,600$3,832,661$2,175,549$8,221,449
85$19,544,967$3,909,495$2,137,464$8,809,271
86$21,424,092$3,986,598$2,094,607$9,452,289
87$23,491,282$4,063,874$2,046,709$10,156,106
88$25,765,607$4,141,218$1,993,487$10,926,898
89$28,268,076$4,218,515$1,934,646$11,771,475
90$31,021,840$4,295,642$1,869,877$12,697,347
91$34,052,406$4,372,467$1,798,857$13,712,795
92$37,387,879$4,448,846$1,721,246$14,826,949
93$41,059,228$4,524,625$1,636,693$16,049,879
94$45,100,575$4,599,637$1,544,828$17,392,684
95$49,549,518$4,673,704$1,445,264$18,867,605
96$54,447,487$4,746,633$1,337,598$20,488,137
97$59,840,132$4,818,220$1,221,409$22,269,160
98$65,777,755$4,888,242$1,096,257$24,227,080
99$72,315,785$4,956,465$961,680$26,379,983
100$79,515,298$5,022,635$817,199$28,747,812