Can I retire at age 60 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$178,371$176,782$175,232$173,719$172,241$168,764
2 years$88,302$86,658$85,064$83,519$82,020$78,531
3 years$58,283$56,632$55,042$53,511$52,037$48,646
4 years$43,277$41,630$40,057$38,552$37,113$33,847
5 years$34,275$32,639$31,085$29,611$28,213$25,080
6 years$28,276$26,652$25,122$23,681$22,324$19,328
7 years$23,993$22,382$20,876$19,469$18,155$15,297
8 years$20,782$19,186$17,705$16,332$15,061$12,340
9 years$18,286$16,705$15,249$13,911$12,684$10,097
10 years$16,290$14,724$13,294$11,992$10,807$8,353
11 years$14,658$13,108$11,704$10,436$9,295$6,969
12 years$13,299$11,765$10,387$9,154$8,055$5,855
13 years$12,150$10,632$9,280$8,082$7,024$4,946
14 years$11,166$9,664$8,338$7,174$6,157$4,198
15 years$10,314$8,829$7,528$6,398$5,421$3,576
16 years$9,570$8,100$6,826$5,729$4,791$3,056
17 years$8,913$7,460$6,211$5,147$4,248$2,618
18 years$8,330$6,893$5,670$4,639$3,777$2,249
19 years$7,809$6,389$5,191$4,191$3,367$1,935
20 years$7,341$5,937$4,764$3,796$3,007$1,667
21 years$6,918$5,530$4,382$3,445$2,691$1,438
22 years$6,534$5,162$4,038$3,133$2,412$1,243
23 years$6,184$4,828$3,729$2,853$2,165$1,075
24 years$5,863$4,523$3,448$2,602$1,946$930
25 years$5,569$4,245$3,194$2,376$1,751$806
26 years$5,297$3,990$2,962$2,173$1,578$698
27 years$5,047$3,755$2,751$1,989$1,422$606
28 years$4,814$3,538$2,557$1,822$1,283$525
29 years$4,598$3,338$2,380$1,671$1,159$456
30 years$4,397$3,152$2,216$1,533$1,047$396
31 years$4,209$2,980$2,066$1,408$947$344
32 years$4,033$2,819$1,928$1,294$856$299
33 years$3,868$2,670$1,800$1,190$775$260
34 years$3,713$2,531$1,682$1,095$702$226
35 years$3,568$2,400$1,573$1,008$636$196
36 years$3,431$2,278$1,471$928$576$171
37 years$3,301$2,164$1,377$855$522$148
38 years$3,179$2,056$1,289$788$473$129
39 years$3,063$1,955$1,208$727$429$112
40 years$2,953$1,860$1,132$671$389$98
41 years$2,849$1,771$1,062$619$353$85
42 years$2,750$1,687$996$571$320$74
43 years$2,656$1,607$935$527$291$64
44 years$2,566$1,532$877$487$264$56
45 years$2,481$1,461$824$449$240$49
46 years$2,400$1,393$774$415$218$42
47 years$2,322$1,330$727$384$198$37
48 years$2,248$1,269$683$354$179$32
49 years$2,177$1,212$642$328$163$28
50 years$2,109$1,158$604$303$148$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,160,000, adding $4,988 every year, while hoping to spend $49,120 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: 46/48/6 Blend
59$2,160,000$2,160,000$2,160,000$2,160,000
60$2,385,465$2,270,985$2,237,505$2,491,101
61$2,576,519$2,330,000$2,260,198$2,623,232
62$2,785,415$2,390,261$2,282,005$2,760,939
63$3,013,919$2,451,776$2,302,845$2,909,162
64$3,263,980$2,514,553$2,322,631$3,068,886
65$3,537,739$2,578,600$2,341,273$3,241,196
66$3,837,559$2,643,921$2,358,675$3,427,286
67$4,166,037$2,710,521$2,374,738$3,628,468
68$4,526,038$2,778,401$2,389,357$3,846,188
69$4,920,713$2,847,562$2,402,419$4,082,039
70$5,353,535$2,918,002$2,413,810$4,337,772
71$5,828,328$2,989,717$2,423,405$4,615,317
72$6,349,306$3,062,701$2,431,077$4,916,798
73$6,921,107$3,136,946$2,436,691$5,244,555
74$7,548,844$3,212,440$2,440,104$5,601,165
75$8,238,146$3,289,169$2,441,167$5,989,466
76$8,995,215$3,367,117$2,439,725$6,412,582
77$9,826,884$3,446,263$2,435,613$6,873,958
78$10,740,679$3,526,583$2,428,659$7,377,387
79$11,744,893$3,608,049$2,418,682$7,927,046
80$12,848,658$3,690,630$2,405,495$8,527,539
81$14,062,040$3,774,290$2,388,898$9,183,937
82$15,396,126$3,858,988$2,368,684$9,901,827
83$16,863,131$3,944,679$2,344,635$10,687,365
84$18,476,514$4,031,311$2,316,523$11,547,335
85$20,251,101$4,118,829$2,284,110$12,489,209
86$22,203,232$4,207,169$2,247,146$13,521,223
87$24,350,904$4,296,264$2,205,368$14,652,451
88$26,713,952$4,386,037$2,158,504$15,892,891
89$29,314,228$4,476,405$2,106,266$17,253,561
90$32,175,808$4,567,278$2,048,355$18,746,603
91$35,325,223$4,658,557$1,984,458$20,385,396
92$38,791,704$4,750,134$1,914,245$22,184,684
93$42,607,460$4,841,893$1,837,374$24,160,714
94$46,807,982$4,933,706$1,753,487$26,331,393
95$51,432,375$5,025,437$1,662,208$28,716,451
96$56,523,732$5,116,938$1,563,146$31,337,632
97$62,129,531$5,208,047$1,455,891$34,218,902
98$68,302,095$5,298,592$1,340,015$37,386,668
99$75,099,073$5,388,388$1,215,070$40,870,035
100$82,583,994$5,477,234$1,080,590$44,701,075