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%19.3%
1 years$177,545$175,964$174,421$172,915$171,444$165,033
2 years$87,894$86,257$84,670$83,132$81,640$75,254
3 years$58,014$56,370$54,787$53,263$51,796$45,637
4 years$43,077$41,438$39,871$38,373$36,941$31,055
5 years$34,117$32,488$30,942$29,474$28,082$22,485
6 years$28,145$26,529$25,005$23,571$22,220$16,915
7 years$23,882$22,279$20,780$19,379$18,071$13,057
8 years$20,686$19,097$17,623$16,257$14,992$10,264
9 years$18,201$16,627$15,178$13,847$12,625$8,177
10 years$16,215$14,656$13,233$11,936$10,757$6,581
11 years$14,590$13,048$11,650$10,388$9,252$5,338
12 years$13,238$11,711$10,339$9,112$8,017$4,356
13 years$12,094$10,583$9,237$8,044$6,991$3,572
14 years$11,115$9,620$8,300$7,141$6,128$2,941
15 years$10,267$8,788$7,494$6,368$5,396$2,429
16 years$9,525$8,063$6,794$5,702$4,769$2,011
17 years$8,872$7,425$6,182$5,123$4,229$1,669
18 years$8,292$6,861$5,644$4,617$3,760$1,387
19 years$7,773$6,359$5,166$4,172$3,351$1,155
20 years$7,307$5,909$4,742$3,779$2,993$962
21 years$6,886$5,504$4,361$3,429$2,679$803
22 years$6,504$5,138$4,020$3,118$2,401$670
23 years$6,155$4,805$3,711$2,840$2,155$560
24 years$5,836$4,502$3,432$2,590$1,937$468
25 years$5,543$4,225$3,179$2,365$1,743$391
26 years$5,273$3,971$2,948$2,163$1,570$327
27 years$5,023$3,737$2,738$1,980$1,416$274
28 years$4,792$3,522$2,545$1,814$1,277$229
29 years$4,577$3,322$2,369$1,663$1,153$192
30 years$4,376$3,137$2,206$1,526$1,042$161
31 years$4,189$2,966$2,057$1,402$942$135
32 years$4,014$2,806$1,919$1,288$852$113
33 years$3,850$2,658$1,792$1,185$771$94
34 years$3,696$2,519$1,674$1,090$698$79
35 years$3,551$2,389$1,565$1,003$633$66
36 years$3,415$2,268$1,464$924$573$56
37 years$3,286$2,154$1,370$852$519$47
38 years$3,164$2,047$1,283$785$471$39
39 years$3,049$1,946$1,202$724$427$33
40 years$2,939$1,852$1,127$667$387$27
41 years$2,836$1,763$1,057$616$351$23
42 years$2,737$1,679$991$568$319$19
43 years$2,644$1,599$930$525$289$16
44 years$2,555$1,525$873$484$263$14
45 years$2,470$1,454$820$447$238$11
46 years$2,389$1,387$770$413$217$10
47 years$2,311$1,324$723$382$197$8
48 years$2,237$1,264$680$353$179$7
49 years$2,167$1,207$639$326$162$6
50 years$2,099$1,153$601$301$147$5

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 $2,839 every year, while hoping to spend $47,616 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: 37/33/30 Blend
59$2,150,000$2,150,000$2,150,000$2,150,000
60$2,372,228$2,258,278$2,224,953$2,438,660
61$2,563,533$2,318,271$2,248,826$2,548,260
62$2,772,754$2,379,607$2,271,903$2,662,057
63$3,001,670$2,442,303$2,294,107$2,784,088
64$3,252,237$2,506,373$2,315,356$2,915,131
65$3,526,611$2,571,830$2,335,566$3,056,041
66$3,827,164$2,638,689$2,354,646$3,207,765
67$4,156,510$2,706,960$2,372,502$3,371,341
68$4,517,526$2,776,654$2,389,034$3,547,916
69$4,913,384$2,847,780$2,404,136$3,738,754
70$5,347,574$2,920,346$2,417,700$3,945,247
71$5,823,942$2,994,358$2,429,608$4,168,929
72$6,346,722$3,069,820$2,439,738$4,411,491
73$6,920,582$3,146,735$2,447,964$4,674,796
74$7,550,660$3,225,104$2,454,149$4,960,899
75$8,242,618$3,304,924$2,458,153$5,272,063
76$9,002,692$3,386,192$2,459,828$5,610,785
77$9,837,752$3,468,901$2,459,018$5,979,815
78$10,755,367$3,553,042$2,455,559$6,382,186
79$11,763,874$3,638,601$2,449,281$6,821,239
80$12,872,461$3,725,564$2,440,003$7,300,660
81$14,091,246$3,813,911$2,427,538$7,824,510
82$15,431,381$3,903,620$2,411,687$8,397,266
83$16,905,148$3,994,663$2,392,245$9,023,864
84$18,526,082$4,087,010$2,368,994$9,709,744
85$20,309,094$4,180,626$2,341,707$10,460,905
86$22,270,614$4,275,469$2,310,147$11,283,956
87$24,428,744$4,371,494$2,274,064$12,186,188
88$26,803,429$4,468,651$2,233,198$13,175,632
89$29,416,644$4,566,880$2,187,276$14,261,147
90$32,292,605$4,666,120$2,136,013$15,452,494
91$35,457,990$4,766,300$2,079,109$16,760,435
92$38,942,199$4,867,342$2,016,253$18,196,834
93$42,777,622$4,969,161$1,947,117$19,774,768
94$46,999,954$5,071,664$1,871,359$21,508,651
95$51,648,522$5,174,749$1,788,622$23,414,375
96$56,766,663$5,278,303$1,698,533$25,509,454
97$62,402,130$5,382,207$1,600,701$27,813,197
98$68,607,539$5,486,328$1,494,717$30,346,886
99$75,440,873$5,590,523$1,380,155$33,133,980
100$82,966,021$5,694,637$1,256,569$36,200,339