Can I retire at age 60 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$176,719$175,145$173,609$172,110$170,647$165,516
2 years$87,485$85,855$84,276$82,745$81,260$76,134
3 years$57,744$56,107$54,532$53,016$51,555$46,594
4 years$42,876$41,245$39,686$38,195$36,769$32,012
5 years$33,958$32,337$30,798$29,337$27,951$23,411
6 years$28,015$26,405$24,889$23,461$22,117$17,797
7 years$23,771$22,175$20,683$19,289$17,987$13,887
8 years$20,590$19,008$17,541$16,181$14,922$11,040
9 years$18,116$16,550$15,108$13,783$12,567$8,898
10 years$16,139$14,588$13,171$11,881$10,707$7,248
11 years$14,522$12,987$11,596$10,340$9,209$5,951
12 years$13,176$11,656$10,291$9,069$7,980$4,919
13 years$12,038$10,534$9,194$8,007$6,959$4,086
14 years$11,063$9,575$8,261$7,108$6,100$3,409
15 years$10,219$8,747$7,459$6,339$5,371$2,854
16 years$9,481$8,025$6,762$5,676$4,747$2,396
17 years$8,831$7,391$6,154$5,100$4,209$2,016
18 years$8,253$6,829$5,617$4,596$3,742$1,699
19 years$7,737$6,330$5,142$4,153$3,336$1,435
20 years$7,273$5,882$4,719$3,761$2,979$1,213
21 years$6,854$5,479$4,341$3,413$2,666$1,027
22 years$6,473$5,114$4,001$3,104$2,390$870
23 years$6,127$4,783$3,694$2,826$2,145$738
24 years$5,809$4,481$3,416$2,578$1,928$626
25 years$5,517$4,206$3,164$2,354$1,735$532
26 years$5,248$3,953$2,935$2,153$1,563$452
27 years$5,000$3,720$2,725$1,970$1,409$384
28 years$4,770$3,505$2,533$1,805$1,271$326
29 years$4,556$3,307$2,358$1,655$1,148$277
30 years$4,356$3,123$2,196$1,519$1,037$236
31 years$4,170$2,952$2,047$1,395$938$201
32 years$3,996$2,793$1,910$1,282$848$171
33 years$3,832$2,645$1,783$1,179$768$145
34 years$3,679$2,507$1,666$1,085$695$124
35 years$3,535$2,378$1,558$999$630$105
36 years$3,399$2,257$1,457$920$570$90
37 years$3,271$2,144$1,364$848$517$76
38 years$3,149$2,037$1,277$781$469$65
39 years$3,034$1,937$1,197$720$425$55
40 years$2,926$1,843$1,122$664$386$47
41 years$2,823$1,754$1,052$613$350$40
42 years$2,725$1,671$987$566$317$34
43 years$2,631$1,592$926$522$288$29
44 years$2,543$1,518$869$482$261$25
45 years$2,458$1,447$816$445$237$21
46 years$2,377$1,381$766$411$216$18
47 years$2,301$1,317$720$380$196$15
48 years$2,227$1,258$677$351$178$13
49 years$2,157$1,201$636$325$161$11
50 years$2,089$1,147$598$300$147$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,140,000, adding $6,139 every year, while hoping to spend $55,533 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: 43/39/18 Blend
59$2,140,000$2,140,000$2,140,000$2,140,000
60$2,364,612$2,251,192$2,218,022$2,453,662
61$2,546,716$2,302,414$2,233,239$2,568,254
62$2,745,533$2,354,285$2,247,105$2,686,394
63$2,962,710$2,406,777$2,259,515$2,813,222
64$3,200,058$2,459,861$2,270,361$2,949,563
65$3,459,573$2,513,503$2,279,527$3,096,329
66$3,743,452$2,567,667$2,286,894$3,254,522
67$4,054,113$2,622,311$2,292,333$3,425,249
68$4,394,219$2,677,391$2,295,713$3,609,729
69$4,766,704$2,732,858$2,296,894$3,809,306
70$5,174,796$2,788,656$2,295,729$4,025,460
71$5,622,054$2,844,729$2,292,064$4,259,826
72$6,112,394$2,901,011$2,285,738$4,514,202
73$6,650,130$2,957,433$2,276,583$4,790,574
74$7,240,016$3,013,919$2,264,421$5,091,130
75$7,887,284$3,070,388$2,249,065$5,418,282
76$8,597,700$3,126,750$2,230,322$5,774,690
77$9,377,615$3,182,911$2,207,988$6,163,286
78$10,234,025$3,238,766$2,181,848$6,587,303
79$11,174,634$3,294,205$2,151,679$7,050,306
80$12,207,933$3,349,107$2,117,247$7,556,225
81$13,343,274$3,403,345$2,078,306$8,109,394
82$14,590,958$3,456,779$2,034,599$8,714,590
83$15,962,336$3,509,261$1,985,859$9,377,082
84$17,469,913$3,560,633$1,931,803$10,102,677
85$19,127,464$3,610,724$1,872,138$10,897,779
86$20,950,167$3,659,352$1,806,557$11,769,450
87$22,954,744$3,706,320$1,734,737$12,725,472
88$25,159,620$3,751,422$1,656,342$13,774,430
89$27,585,093$3,794,433$1,571,022$14,925,786
90$30,253,529$3,835,117$1,478,407$16,189,972
91$33,189,570$3,873,218$1,378,115$17,578,490
92$36,420,368$3,908,468$1,269,744$19,104,022
93$39,975,839$3,940,577$1,152,874$20,780,549
94$43,888,947$3,969,238$1,027,068$22,623,482
95$48,196,013$3,994,123$891,868$24,649,815
96$52,937,057$4,014,886$746,796$26,878,282
97$58,156,176$4,031,155$591,353$29,329,532
98$63,901,961$4,042,537$425,018$32,026,336
99$70,227,953$4,048,612$247,248$34,993,790
100$77,193,147$4,048,938$57,474$38,259,563