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%13%
1 years$178,371$176,782$175,232$173,719$172,241$170,089
2 years$88,302$86,658$85,064$83,519$82,020$79,854
3 years$58,283$56,632$55,042$53,511$52,037$49,925
4 years$43,277$41,630$40,057$38,552$37,113$35,071
5 years$34,275$32,639$31,085$29,611$28,213$26,247
6 years$28,276$26,652$25,122$23,681$22,324$20,437
7 years$23,993$22,382$20,876$19,469$18,155$16,347
8 years$20,782$19,186$17,705$16,332$15,061$13,333
9 years$18,286$16,705$15,249$13,911$12,684$11,033
10 years$16,290$14,724$13,294$11,992$10,807$9,234
11 years$14,658$13,108$11,704$10,436$9,295$7,797
12 years$13,299$11,765$10,387$9,154$8,055$6,631
13 years$12,150$10,632$9,280$8,082$7,024$5,673
14 years$11,166$9,664$8,338$7,174$6,157$4,876
15 years$10,314$8,829$7,528$6,398$5,421$4,208
16 years$9,570$8,100$6,826$5,729$4,791$3,644
17 years$8,913$7,460$6,211$5,147$4,248$3,165
18 years$8,330$6,893$5,670$4,639$3,777$2,756
19 years$7,809$6,389$5,191$4,191$3,367$2,404
20 years$7,341$5,937$4,764$3,796$3,007$2,101
21 years$6,918$5,530$4,382$3,445$2,691$1,839
22 years$6,534$5,162$4,038$3,133$2,412$1,612
23 years$6,184$4,828$3,729$2,853$2,165$1,415
24 years$5,863$4,523$3,448$2,602$1,946$1,243
25 years$5,569$4,245$3,194$2,376$1,751$1,093
26 years$5,297$3,990$2,962$2,173$1,578$962
27 years$5,047$3,755$2,751$1,989$1,422$847
28 years$4,814$3,538$2,557$1,822$1,283$746
29 years$4,598$3,338$2,380$1,671$1,159$658
30 years$4,397$3,152$2,216$1,533$1,047$580
31 years$4,209$2,980$2,066$1,408$947$512
32 years$4,033$2,819$1,928$1,294$856$452
33 years$3,868$2,670$1,800$1,190$775$399
34 years$3,713$2,531$1,682$1,095$702$352
35 years$3,568$2,400$1,573$1,008$636$311
36 years$3,431$2,278$1,471$928$576$275
37 years$3,301$2,164$1,377$855$522$243
38 years$3,179$2,056$1,289$788$473$215
39 years$3,063$1,955$1,208$727$429$190
40 years$2,953$1,860$1,132$671$389$168
41 years$2,849$1,771$1,062$619$353$148
42 years$2,750$1,687$996$571$320$131
43 years$2,656$1,607$935$527$291$116
44 years$2,566$1,532$877$487$264$103
45 years$2,481$1,461$824$449$240$91
46 years$2,400$1,393$774$415$218$80
47 years$2,322$1,330$727$384$198$71
48 years$2,248$1,269$683$354$179$63
49 years$2,177$1,212$642$328$163$56
50 years$2,109$1,158$604$303$148$49

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 $6,498 every year, while hoping to spend $31,169 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: 68/25/7 Blend
59$2,160,000$2,160,000$2,160,000$2,160,000
60$2,387,023$2,272,543$2,239,063$2,546,136
61$2,597,335$2,350,734$2,280,908$2,730,616
62$2,828,055$2,431,711$2,323,110$2,927,885
63$3,081,231$2,515,580$2,365,648$3,142,767
64$3,359,120$2,602,446$2,408,500$3,376,980
65$3,664,206$2,692,422$2,451,641$3,632,413
66$3,999,229$2,785,624$2,495,045$3,911,147
67$4,367,204$2,882,173$2,538,682$4,215,472
68$4,771,454$2,982,195$2,582,524$4,547,909
69$5,215,639$3,085,820$2,626,536$4,911,233
70$5,703,793$3,193,184$2,670,683$5,308,498
71$6,240,358$3,304,427$2,714,929$5,743,069
72$6,830,227$3,419,697$2,759,232$6,218,648
73$7,478,794$3,539,146$2,803,550$6,739,313
74$8,191,999$3,662,932$2,847,837$7,309,554
75$8,976,388$3,791,221$2,892,044$7,934,317
76$9,839,171$3,924,183$2,936,119$8,619,045
77$10,788,295$4,061,996$2,980,008$9,369,737
78$11,832,514$4,204,847$3,023,651$10,192,997
79$12,981,473$4,352,927$3,066,986$11,096,099
80$14,245,801$4,506,437$3,109,947$12,087,055
81$15,637,206$4,665,587$3,152,464$13,174,689
82$17,168,593$4,830,592$3,194,463$14,368,723
83$18,854,177$5,001,679$3,235,866$15,679,864
84$20,709,624$5,179,082$3,276,588$17,119,905
85$22,752,195$5,363,046$3,316,543$18,701,840
86$25,000,909$5,553,826$3,355,637$20,439,981
87$27,476,724$5,751,685$3,393,773$22,350,096
88$30,202,732$5,956,900$3,430,847$24,449,553
89$33,204,379$6,169,756$3,466,748$26,757,489
90$36,509,705$6,390,553$3,501,364$29,294,985
91$40,149,606$6,619,602$3,534,570$32,085,267
92$44,158,128$6,857,225$3,566,241$35,153,924
93$48,572,787$7,103,759$3,596,240$38,529,146
94$53,434,923$7,359,555$3,624,426$42,241,994
95$58,790,090$7,624,978$3,650,649$46,326,691
96$64,688,485$7,900,408$3,674,752$50,820,939
97$71,185,424$8,186,241$3,696,569$55,766,283
98$78,341,860$8,482,889$3,715,927$61,208,494
99$86,224,961$8,790,782$3,732,642$67,198,005
100$94,908,744$9,110,367$3,746,522$73,790,385