Can I retire at age 60 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$177,545$175,964$174,421$172,915$171,444$170,008
2 years$87,894$86,257$84,670$83,132$81,640$80,192
3 years$58,014$56,370$54,787$53,263$51,796$50,382
4 years$43,077$41,438$39,871$38,373$36,941$35,571
5 years$34,117$32,488$30,942$29,474$28,082$26,761
6 years$28,145$26,529$25,005$23,571$22,220$20,949
7 years$23,882$22,279$20,780$19,379$18,071$16,851
8 years$20,686$19,097$17,623$16,257$14,992$13,822
9 years$18,201$16,627$15,178$13,847$12,625$11,506
10 years$16,215$14,656$13,233$11,936$10,757$9,688
11 years$14,590$13,048$11,650$10,388$9,252$8,231
12 years$13,238$11,711$10,339$9,112$8,017$7,045
13 years$12,094$10,583$9,237$8,044$6,991$6,065
14 years$11,115$9,620$8,300$7,141$6,128$5,248
15 years$10,267$8,788$7,494$6,368$5,396$4,560
16 years$9,525$8,063$6,794$5,702$4,769$3,976
17 years$8,872$7,425$6,182$5,123$4,229$3,478
18 years$8,292$6,861$5,644$4,617$3,760$3,049
19 years$7,773$6,359$5,166$4,172$3,351$2,680
20 years$7,307$5,909$4,742$3,779$2,993$2,359
21 years$6,886$5,504$4,361$3,429$2,679$2,081
22 years$6,504$5,138$4,020$3,118$2,401$1,838
23 years$6,155$4,805$3,711$2,840$2,155$1,625
24 years$5,836$4,502$3,432$2,590$1,937$1,439
25 years$5,543$4,225$3,179$2,365$1,743$1,275
26 years$5,273$3,971$2,948$2,163$1,570$1,131
27 years$5,023$3,737$2,738$1,980$1,416$1,004
28 years$4,792$3,522$2,545$1,814$1,277$891
29 years$4,577$3,322$2,369$1,663$1,153$792
30 years$4,376$3,137$2,206$1,526$1,042$704
31 years$4,189$2,966$2,057$1,402$942$627
32 years$4,014$2,806$1,919$1,288$852$558
33 years$3,850$2,658$1,792$1,185$771$496
34 years$3,696$2,519$1,674$1,090$698$442
35 years$3,551$2,389$1,565$1,003$633$394
36 years$3,415$2,268$1,464$924$573$351
37 years$3,286$2,154$1,370$852$519$313
38 years$3,164$2,047$1,283$785$471$279
39 years$3,049$1,946$1,202$724$427$249
40 years$2,939$1,852$1,127$667$387$222
41 years$2,836$1,763$1,057$616$351$198
42 years$2,737$1,679$991$568$319$176
43 years$2,644$1,599$930$525$289$157
44 years$2,555$1,525$873$484$263$140
45 years$2,470$1,454$820$447$238$125
46 years$2,389$1,387$770$413$217$112
47 years$2,311$1,324$723$382$197$100
48 years$2,237$1,264$680$353$179$89
49 years$2,167$1,207$639$326$162$79
50 years$2,099$1,153$601$301$147$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,150,000, adding $4,468 every year, while hoping to spend $25,802 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: 46/24/30 Blend
59$2,150,000$2,150,000$2,150,000$2,150,000
60$2,373,909$2,259,959$2,226,634$2,462,400
61$2,588,594$2,343,244$2,273,773$2,609,015
62$2,824,313$2,429,745$2,321,626$2,765,180
63$3,083,183$2,519,592$2,370,191$2,934,145
64$3,367,538$2,612,922$2,419,462$3,117,127
65$3,679,947$2,709,876$2,469,435$3,315,462
66$4,023,244$2,810,602$2,520,103$3,530,621
67$4,400,547$2,915,254$2,571,459$3,764,223
68$4,815,293$3,023,991$2,623,493$4,018,047
69$5,271,269$3,136,983$2,676,196$4,294,051
70$5,772,646$3,254,403$2,729,556$4,594,391
71$6,324,020$3,376,433$2,783,561$4,921,439
72$6,930,456$3,503,263$2,838,195$5,277,805
73$7,597,531$3,635,092$2,893,444$5,666,361
74$8,331,393$3,772,126$2,949,288$6,090,271
75$9,138,815$3,914,580$3,005,709$6,553,016
76$10,027,260$4,062,680$3,062,686$7,058,429
77$11,004,948$4,216,659$3,120,194$7,610,730
78$12,080,940$4,376,763$3,178,208$8,214,564
79$13,265,219$4,543,247$3,236,700$8,875,049
80$14,568,782$4,716,377$3,295,641$9,597,817
81$16,003,750$4,896,432$3,354,997$10,389,072
82$17,583,477$5,083,701$3,414,733$11,255,646
83$19,322,677$5,278,488$3,474,813$12,205,062
84$21,237,565$5,481,109$3,535,194$13,245,608
85$23,346,007$5,691,893$3,595,832$14,386,408
86$25,667,689$5,911,185$3,656,682$15,637,516
87$28,224,305$6,139,345$3,717,693$17,010,003
88$31,039,759$6,376,748$3,778,811$18,516,064
89$34,140,391$6,623,785$3,839,978$20,169,133
90$37,555,228$6,880,867$3,901,133$21,984,008
91$41,316,251$7,148,420$3,962,212$23,976,988
92$45,458,707$7,426,890$4,023,144$26,166,032
93$50,021,431$7,716,744$4,083,855$28,570,921
94$55,047,220$8,018,467$4,144,267$31,213,447
95$60,583,232$8,332,569$4,204,296$34,117,618
96$66,681,436$8,659,579$4,263,854$37,309,884
97$73,399,096$9,000,052$4,322,847$40,819,384
98$80,799,317$9,354,567$4,381,175$44,678,223
99$88,951,635$9,723,729$4,438,733$48,921,769
100$97,932,680$10,108,169$4,495,408$53,588,993