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%16.3%
1 years$176,719$175,145$173,609$172,110$170,647$166,251
2 years$87,485$85,855$84,276$82,745$81,260$76,862
3 years$57,744$56,107$54,532$53,016$51,555$47,290
4 years$42,876$41,245$39,686$38,195$36,769$32,671
5 years$33,958$32,337$30,798$29,337$27,951$24,032
6 years$28,015$26,405$24,889$23,461$22,117$18,379
7 years$23,771$22,175$20,683$19,289$17,987$14,431
8 years$20,590$19,008$17,541$16,181$14,922$11,547
9 years$18,116$16,550$15,108$13,783$12,567$9,369
10 years$16,139$14,588$13,171$11,881$10,707$7,684
11 years$14,522$12,987$11,596$10,340$9,209$6,354
12 years$13,176$11,656$10,291$9,069$7,980$5,290
13 years$12,038$10,534$9,194$8,007$6,959$4,427
14 years$11,063$9,575$8,261$7,108$6,100$3,722
15 years$10,219$8,747$7,459$6,339$5,371$3,140
16 years$9,481$8,025$6,762$5,676$4,747$2,656
17 years$8,831$7,391$6,154$5,100$4,209$2,253
18 years$8,253$6,829$5,617$4,596$3,742$1,915
19 years$7,737$6,330$5,142$4,153$3,336$1,630
20 years$7,273$5,882$4,719$3,761$2,979$1,390
21 years$6,854$5,479$4,341$3,413$2,666$1,187
22 years$6,473$5,114$4,001$3,104$2,390$1,014
23 years$6,127$4,783$3,694$2,826$2,145$868
24 years$5,809$4,481$3,416$2,578$1,928$743
25 years$5,517$4,206$3,164$2,354$1,735$636
26 years$5,248$3,953$2,935$2,153$1,563$545
27 years$5,000$3,720$2,725$1,970$1,409$467
28 years$4,770$3,505$2,533$1,805$1,271$401
29 years$4,556$3,307$2,358$1,655$1,148$344
30 years$4,356$3,123$2,196$1,519$1,037$295
31 years$4,170$2,952$2,047$1,395$938$254
32 years$3,996$2,793$1,910$1,282$848$218
33 years$3,832$2,645$1,783$1,179$768$187
34 years$3,679$2,507$1,666$1,085$695$161
35 years$3,535$2,378$1,558$999$630$138
36 years$3,399$2,257$1,457$920$570$119
37 years$3,271$2,144$1,364$848$517$102
38 years$3,149$2,037$1,277$781$469$88
39 years$3,034$1,937$1,197$720$425$75
40 years$2,926$1,843$1,122$664$386$65
41 years$2,823$1,754$1,052$613$350$56
42 years$2,725$1,671$987$566$317$48
43 years$2,631$1,592$926$522$288$41
44 years$2,543$1,518$869$482$261$35
45 years$2,458$1,447$816$445$237$30
46 years$2,377$1,381$766$411$216$26
47 years$2,301$1,317$720$380$196$22
48 years$2,227$1,258$677$351$178$19
49 years$2,157$1,201$636$325$161$17
50 years$2,089$1,147$598$300$147$14

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 $4,439 every year, while hoping to spend $45,971 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: 54/18/28 Blend
59$2,140,000$2,140,000$2,140,000$2,140,000
60$2,362,859$2,249,439$2,216,269$2,471,837
61$2,554,958$2,310,749$2,241,601$2,608,979
62$2,765,110$2,373,522$2,266,241$2,753,132
63$2,995,108$2,437,781$2,290,117$2,909,159
64$3,246,927$2,503,551$2,313,154$3,078,216
65$3,522,740$2,570,851$2,335,272$3,261,579
66$3,824,942$2,639,706$2,356,386$3,460,652
67$4,156,170$2,710,135$2,376,408$3,676,984
68$4,519,327$2,782,159$2,395,245$3,912,278
69$4,917,611$2,855,798$2,412,799$4,168,413
70$5,354,546$2,931,070$2,428,967$4,447,461
71$5,834,012$3,007,994$2,443,639$4,751,701
72$6,360,282$3,086,587$2,456,701$5,083,648
73$6,938,064$3,166,863$2,468,034$5,446,070
74$7,572,544$3,248,838$2,477,511$5,842,022
75$8,269,436$3,332,523$2,485,000$6,274,866
76$9,035,032$3,417,930$2,490,362$6,748,309
77$9,876,266$3,505,069$2,493,449$7,266,437
78$10,800,775$3,593,947$2,494,109$7,833,752
79$11,816,973$3,684,570$2,492,181$8,455,216
80$12,934,131$3,776,940$2,487,496$9,136,297
81$14,162,461$3,871,059$2,479,876$9,883,022
82$15,513,216$3,966,925$2,469,136$10,702,033
83$16,998,793$4,064,534$2,455,081$11,600,650
84$18,632,851$4,163,876$2,437,507$12,586,941
85$20,430,438$4,264,943$2,416,199$13,669,797
86$22,408,136$4,367,718$2,390,935$14,859,018
87$24,584,213$4,472,183$2,361,479$16,165,404
88$26,978,799$4,578,317$2,327,585$17,600,859
89$29,614,074$4,686,091$2,288,996$19,178,502
90$32,514,475$4,795,475$2,245,443$20,912,792
91$35,706,929$4,906,431$2,196,643$22,819,664
92$39,221,107$5,018,917$2,142,301$24,916,682
93$43,089,701$5,132,886$2,082,110$27,223,202
94$47,348,735$5,248,282$2,015,745$29,760,557
95$52,037,903$5,365,045$1,942,870$32,552,260
96$57,200,944$5,483,106$1,863,130$35,624,223
97$62,886,052$5,602,391$1,776,157$39,005,007
98$69,146,336$5,722,814$1,681,565$42,726,087
99$76,040,315$5,844,285$1,578,950$46,822,153
100$83,632,473$5,966,701$1,467,891$51,331,437