Can I retire at age 60 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$180,848$179,237$177,666$176,132$174,634$173,388
2 years$89,529$87,861$86,245$84,679$83,159$81,903
3 years$59,093$57,418$55,807$54,254$52,759$51,532
4 years$43,878$42,209$40,613$39,087$37,628$36,439
5 years$34,751$33,092$31,517$30,023$28,605$27,456
6 years$28,669$27,022$25,471$24,009$22,634$21,528
7 years$24,326$22,693$21,166$19,739$18,407$17,345
8 years$21,071$19,452$17,951$16,559$15,271$14,252
9 years$18,540$16,937$15,461$14,105$12,860$11,885
10 years$16,516$14,929$13,479$12,158$10,957$10,025
11 years$14,862$13,290$11,867$10,581$9,424$8,533
12 years$13,484$11,929$10,531$9,281$8,166$7,317
13 years$12,319$10,780$9,409$8,194$7,121$6,312
14 years$11,321$9,799$8,454$7,274$6,242$5,472
15 years$10,458$8,951$7,633$6,487$5,496$4,765
16 years$9,703$8,213$6,920$5,808$4,858$4,163
17 years$9,037$7,564$6,297$5,219$4,307$3,649
18 years$8,446$6,989$5,749$4,703$3,830$3,206
19 years$7,918$6,477$5,263$4,250$3,414$2,823
20 years$7,443$6,019$4,830$3,849$3,049$2,491
21 years$7,014$5,607$4,442$3,493$2,729$2,202
22 years$6,625$5,234$4,094$3,176$2,446$1,949
23 years$6,270$4,895$3,780$2,892$2,195$1,728
24 years$5,945$4,586$3,496$2,638$1,973$1,533
25 years$5,646$4,304$3,238$2,409$1,776$1,362
26 years$5,371$4,045$3,003$2,203$1,599$1,211
27 years$5,117$3,807$2,789$2,016$1,442$1,077
28 years$4,881$3,587$2,593$1,847$1,301$959
29 years$4,662$3,384$2,413$1,694$1,175$854
30 years$4,458$3,196$2,247$1,555$1,062$761
31 years$4,267$3,021$2,095$1,428$960$679
32 years$4,089$2,859$1,955$1,312$868$606
33 years$3,922$2,707$1,825$1,207$786$541
34 years$3,765$2,566$1,705$1,110$711$483
35 years$3,617$2,434$1,594$1,022$644$431
36 years$3,478$2,310$1,491$941$584$385
37 years$3,347$2,194$1,396$867$529$344
38 years$3,223$2,085$1,307$799$480$307
39 years$3,105$1,983$1,225$737$435$275
40 years$2,994$1,886$1,148$680$395$246
41 years$2,888$1,795$1,076$627$358$220
42 years$2,788$1,710$1,010$579$325$196
43 years$2,693$1,629$948$534$295$176
44 years$2,602$1,553$889$493$268$157
45 years$2,516$1,481$835$456$243$141
46 years$2,433$1,413$784$421$221$126
47 years$2,354$1,348$737$389$200$112
48 years$2,279$1,287$692$359$182$101
49 years$2,207$1,229$651$332$165$90
50 years$2,138$1,174$612$307$150$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,190,000, adding $6,836 every year, while hoping to spend $59,739 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: 52/18/30 Blend
59$2,190,000$2,190,000$2,190,000$2,190,000
60$2,420,431$2,304,361$2,270,416$2,525,549
61$2,603,753$2,353,713$2,282,913$2,648,871
62$2,803,772$2,403,481$2,293,827$2,776,415
63$3,022,128$2,453,622$2,303,041$2,914,014
64$3,260,625$2,504,090$2,310,433$3,062,657
65$3,521,252$2,554,834$2,315,876$3,223,434
66$3,806,196$2,605,797$2,319,234$3,397,545
67$4,117,866$2,656,919$2,320,366$3,586,317
68$4,458,915$2,708,135$2,319,125$3,791,210
69$4,832,263$2,759,372$2,315,355$4,013,838
70$5,241,127$2,810,554$2,308,892$4,255,979
71$5,689,048$2,861,598$2,299,566$4,519,592
72$6,179,927$2,912,412$2,287,197$4,806,841
73$6,718,059$2,962,899$2,271,598$5,120,112
74$7,308,175$3,012,956$2,252,571$5,462,033
75$7,955,488$3,062,469$2,229,910$5,835,508
76$8,665,735$3,111,317$2,203,400$6,243,734
77$9,445,239$3,159,371$2,172,813$6,690,240
78$10,300,963$3,206,491$2,137,912$7,178,917
79$11,240,580$3,252,527$2,098,451$7,714,057
80$12,272,538$3,297,320$2,054,168$8,300,390
81$13,406,147$3,340,699$2,004,793$8,943,134
82$14,651,661$3,382,480$1,950,040$9,648,044
83$16,020,377$3,422,468$1,889,613$10,421,465
84$17,524,741$3,460,454$1,823,201$11,270,392
85$19,178,464$3,496,216$1,750,477$12,202,540
86$20,996,652$3,529,515$1,671,103$13,226,415
87$22,995,948$3,560,099$1,584,722$14,351,396
88$25,194,687$3,587,696$1,490,963$15,587,825
89$27,613,073$3,612,021$1,389,437$16,947,104
90$30,273,362$3,632,765$1,279,739$18,441,805
91$33,200,079$3,649,605$1,161,444$20,085,787
92$36,420,244$3,662,193$1,034,110$21,894,332
93$39,963,630$3,670,161$897,274$23,884,289
94$43,863,039$3,673,118$750,451$26,074,231
95$48,154,616$3,670,648$593,139$28,484,636
96$52,878,187$3,662,310$424,809$31,138,079
97$58,077,634$3,647,634$244,912$34,059,448
98$63,801,309$3,626,125$52,873$37,276,180
99$70,102,492$3,597,254$0$40,818,520
100$77,039,889$3,560,463$0$44,768,487