Can I retire at age 60 with 2,200,000?

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 $2,200,000?

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$181,674$180,056$178,477$176,936$175,431$168,871
2 years$89,938$88,263$86,639$85,065$83,539$77,005
3 years$59,363$57,681$56,061$54,502$53,000$46,698
4 years$44,078$42,401$40,798$39,266$37,800$31,777
5 years$34,910$33,243$31,661$30,160$28,735$23,008
6 years$28,800$27,146$25,587$24,119$22,737$17,309
7 years$24,437$22,797$21,263$19,830$18,491$13,361
8 years$21,167$19,541$18,033$16,635$15,340$10,503
9 years$18,624$17,014$15,531$14,169$12,919$8,367
10 years$16,592$14,997$13,541$12,214$11,007$6,734
11 years$14,930$13,351$11,921$10,630$9,467$5,462
12 years$13,546$11,983$10,580$9,324$8,204$4,458
13 years$12,375$10,829$9,452$8,231$7,154$3,656
14 years$11,373$9,843$8,493$7,307$6,271$3,010
15 years$10,505$8,992$7,668$6,516$5,521$2,486
16 years$9,747$8,250$6,952$5,835$4,880$2,058
17 years$9,078$7,598$6,326$5,243$4,327$1,708
18 years$8,485$7,021$5,775$4,725$3,847$1,419
19 years$7,954$6,507$5,287$4,269$3,429$1,181
20 years$7,477$6,047$4,852$3,866$3,063$985
21 years$7,046$5,632$4,463$3,509$2,741$821
22 years$6,655$5,257$4,113$3,191$2,457$686
23 years$6,298$4,917$3,798$2,906$2,205$573
24 years$5,972$4,607$3,512$2,650$1,982$479
25 years$5,672$4,323$3,253$2,420$1,784$400
26 years$5,396$4,063$3,017$2,213$1,607$335
27 years$5,140$3,824$2,802$2,026$1,449$280
28 years$4,903$3,603$2,604$1,856$1,307$235
29 years$4,683$3,399$2,424$1,702$1,180$196
30 years$4,478$3,210$2,258$1,562$1,066$164
31 years$4,287$3,035$2,105$1,434$964$138
32 years$4,108$2,872$1,964$1,318$872$115
33 years$3,940$2,719$1,833$1,212$789$97
34 years$3,782$2,577$1,713$1,115$715$81
35 years$3,634$2,445$1,602$1,027$647$68
36 years$3,494$2,320$1,498$946$586$57
37 years$3,362$2,204$1,402$871$532$48
38 years$3,238$2,094$1,313$803$482$40
39 years$3,120$1,992$1,230$740$437$33
40 years$3,008$1,895$1,153$683$396$28
41 years$2,902$1,804$1,081$630$360$24
42 years$2,801$1,718$1,014$582$326$20
43 years$2,705$1,637$952$537$296$17
44 years$2,614$1,560$893$496$269$14
45 years$2,527$1,488$839$458$244$12
46 years$2,444$1,419$788$423$222$10
47 years$2,365$1,354$740$391$201$8
48 years$2,289$1,293$696$361$183$7
49 years$2,217$1,235$654$334$166$6
50 years$2,148$1,179$615$308$151$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,200,000, adding $4,896 every year, while hoping to spend $22,331 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: 53/25/22 Blend
59$2,200,000$2,200,000$2,200,000$2,200,000
60$2,429,450$2,312,850$2,278,750$2,543,237
61$2,653,494$2,402,420$2,331,328$2,711,659
62$2,899,642$2,495,630$2,384,919$2,892,109
63$3,170,125$2,592,635$2,439,534$3,088,001
64$3,467,401$2,693,598$2,495,181$3,300,817
65$3,794,178$2,798,686$2,551,872$3,532,184
66$4,153,438$2,908,076$2,609,614$3,783,892
67$4,548,470$3,021,952$2,668,416$4,057,913
68$4,982,892$3,140,507$2,728,287$4,356,412
69$5,460,697$3,263,941$2,789,234$4,681,775
70$5,986,278$3,392,464$2,851,263$5,036,625
71$6,564,478$3,526,295$2,914,381$5,423,850
72$7,200,635$3,665,663$2,978,593$5,846,628
73$7,900,627$3,810,808$3,043,903$6,308,457
74$8,670,932$3,961,979$3,110,315$6,813,186
75$9,518,688$4,119,437$3,177,831$7,365,053
76$10,451,760$4,283,455$3,246,454$7,968,725
77$11,478,814$4,454,318$3,316,185$8,629,337
78$12,609,397$4,632,324$3,387,021$9,352,545
79$13,854,032$4,817,785$3,458,963$10,144,574
80$15,224,312$5,011,025$3,532,007$11,012,281
81$16,733,012$5,212,384$3,606,149$11,963,216
82$18,394,207$5,422,219$3,681,383$13,005,691
83$20,223,408$5,640,900$3,757,701$14,148,862
84$22,237,707$5,868,816$3,835,096$15,402,810
85$24,455,937$6,106,372$3,913,555$16,778,641
86$26,898,851$6,353,992$3,993,068$18,288,583
87$29,589,318$6,612,122$4,073,619$19,946,105
88$32,552,535$6,881,223$4,155,193$21,766,045
89$35,816,272$7,161,781$4,237,770$23,764,742
90$39,411,126$7,454,302$4,321,329$25,960,197
91$43,370,815$7,759,318$4,405,848$28,372,236
92$47,732,495$8,077,381$4,491,301$31,022,700
93$52,537,109$8,409,072$4,577,659$33,935,648
94$57,829,775$8,754,997$4,664,891$37,137,584
95$63,660,209$9,115,789$4,752,962$40,657,704
96$70,083,199$9,492,112$4,841,836$44,528,171
97$77,159,119$9,884,659$4,931,470$48,784,422
98$84,954,496$10,294,154$5,021,822$53,465,492
99$93,542,644$10,721,357$5,112,842$58,614,388
100$103,004,351$11,167,060$5,204,479$64,278,493