Can I retire at age 60 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$175,893$174,327$172,798$171,306$169,849$166,081
2 years$87,076$85,454$83,883$82,359$80,881$77,103
3 years$57,474$55,845$54,278$52,768$51,314$47,646
4 years$42,676$41,052$39,500$38,016$36,598$33,067
5 years$33,799$32,185$30,654$29,200$27,821$24,438
6 years$27,884$26,282$24,773$23,352$22,014$18,782
7 years$23,660$22,071$20,586$19,199$17,903$14,823
8 years$20,493$18,919$17,459$16,105$14,852$11,923
9 years$18,032$16,473$15,037$13,718$12,508$9,727
10 years$16,064$14,520$13,110$11,825$10,657$8,021
11 years$14,455$12,926$11,542$10,291$9,166$6,672
12 years$13,115$11,602$10,243$9,027$7,943$5,587
13 years$11,982$10,485$9,151$7,969$6,926$4,704
14 years$11,011$9,530$8,223$7,074$6,071$3,979
15 years$10,171$8,706$7,424$6,309$5,346$3,378
16 years$9,437$7,988$6,731$5,649$4,725$2,876
17 years$8,789$7,356$6,125$5,076$4,189$2,456
18 years$8,215$6,798$5,591$4,574$3,725$2,101
19 years$7,701$6,300$5,118$4,133$3,320$1,801
20 years$7,239$5,854$4,697$3,743$2,966$1,546
21 years$6,822$5,453$4,321$3,397$2,654$1,329
22 years$6,443$5,090$3,982$3,089$2,379$1,144
23 years$6,098$4,761$3,677$2,813$2,135$985
24 years$5,782$4,460$3,400$2,566$1,919$849
25 years$5,491$4,186$3,150$2,343$1,727$733
26 years$5,224$3,934$2,921$2,143$1,556$633
27 years$4,977$3,702$2,712$1,961$1,403$546
28 years$4,747$3,489$2,522$1,797$1,266$472
29 years$4,534$3,291$2,347$1,648$1,143$408
30 years$4,336$3,108$2,186$1,512$1,033$353
31 years$4,150$2,938$2,038$1,389$934$305
32 years$3,977$2,780$1,901$1,276$844$264
33 years$3,815$2,633$1,775$1,174$764$229
34 years$3,662$2,495$1,659$1,080$692$198
35 years$3,518$2,367$1,551$994$627$171
36 years$3,383$2,247$1,451$916$568$148
37 years$3,255$2,134$1,358$844$515$128
38 years$3,135$2,028$1,271$778$467$111
39 years$3,020$1,928$1,191$717$423$96
40 years$2,912$1,835$1,117$661$384$83
41 years$2,809$1,746$1,047$610$348$72
42 years$2,712$1,663$982$563$316$63
43 years$2,619$1,585$922$520$287$54
44 years$2,531$1,510$865$480$260$47
45 years$2,447$1,440$812$443$236$41
46 years$2,366$1,374$763$409$215$35
47 years$2,290$1,311$717$378$195$31
48 years$2,217$1,252$674$350$177$26
49 years$2,147$1,195$633$323$161$23
50 years$2,080$1,142$595$299$146$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,130,000, adding $6,902 every year, while hoping to spend $49,510 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: 74/18/8 Blend
59$2,130,000$2,130,000$2,130,000$2,130,000
60$2,354,379$2,241,489$2,208,474$2,525,165
61$2,541,848$2,298,644$2,229,780$2,695,796
62$2,746,779$2,356,940$2,250,140$2,875,748
63$2,970,901$2,416,381$2,269,470$3,071,486
64$3,216,118$2,476,969$2,287,683$3,284,555
65$3,484,526$2,538,704$2,304,684$3,516,658
66$3,778,433$2,601,586$2,320,377$3,769,667
67$4,100,381$2,665,612$2,334,657$4,045,648
68$4,453,169$2,730,776$2,347,417$4,346,873
69$4,839,880$2,797,071$2,358,543$4,675,845
70$5,263,908$2,864,488$2,367,915$5,035,321
71$5,728,994$2,933,015$2,375,407$5,428,338
72$6,239,255$3,002,637$2,380,888$5,858,243
73$6,799,230$3,073,337$2,384,218$6,328,718
74$7,413,914$3,145,093$2,385,252$6,843,825
75$8,088,813$3,217,882$2,383,837$7,408,034
76$8,829,989$3,291,676$2,379,813$8,026,273
77$9,644,124$3,366,444$2,373,013$8,703,968
78$10,538,574$3,442,149$2,363,258$9,447,100
79$11,521,447$3,518,753$2,350,366$10,262,257
80$12,601,674$3,596,211$2,334,142$11,156,696
81$13,789,092$3,674,473$2,314,383$12,138,416
82$15,094,541$3,753,484$2,290,877$13,216,227
83$16,529,963$3,833,184$2,263,401$14,399,839
84$18,108,516$3,913,506$2,231,721$15,699,950
85$19,844,694$3,994,377$2,195,593$17,128,347
86$21,754,470$4,075,719$2,154,762$18,698,017
87$23,855,440$4,157,443$2,108,961$20,423,274
88$26,166,992$4,239,454$2,057,908$22,319,886
89$28,710,488$4,321,651$2,001,311$24,405,231
90$31,509,467$4,403,921$1,938,865$26,698,457
91$34,589,863$4,486,144$1,870,247$29,220,665
92$37,980,252$4,568,187$1,795,123$31,995,106
93$41,712,120$4,649,911$1,713,142$35,047,400
94$45,820,163$4,731,163$1,623,938$38,405,782
95$50,342,607$4,811,778$1,527,129$42,101,365
96$55,321,579$4,891,581$1,422,313$46,168,433
97$60,803,492$4,970,380$1,309,072$50,644,767
98$66,839,492$5,047,973$1,186,970$55,572,000
99$73,485,936$5,124,140$1,055,550$60,996,014
100$80,804,926$5,198,647$914,335$66,967,365