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%17.6%
1 years$181,674$180,056$178,477$176,936$175,431$170,020
2 years$89,938$88,263$86,639$85,065$83,539$78,134
3 years$59,363$57,681$56,061$54,502$53,000$47,772
4 years$44,078$42,401$40,798$39,266$37,800$32,788
5 years$34,910$33,243$31,661$30,160$28,735$23,953
6 years$28,800$27,146$25,587$24,119$22,737$18,189
7 years$24,437$22,797$21,263$19,830$18,491$14,177
8 years$21,167$19,541$18,033$16,635$15,340$11,257
9 years$18,624$17,014$15,531$14,169$12,919$9,062
10 years$16,592$14,997$13,541$12,214$11,007$7,372
11 years$14,930$13,351$11,921$10,630$9,467$6,046
12 years$13,546$11,983$10,580$9,324$8,204$4,990
13 years$12,375$10,829$9,452$8,231$7,154$4,140
14 years$11,373$9,843$8,493$7,307$6,271$3,449
15 years$10,505$8,992$7,668$6,516$5,521$2,883
16 years$9,747$8,250$6,952$5,835$4,880$2,417
17 years$9,078$7,598$6,326$5,243$4,327$2,030
18 years$8,485$7,021$5,775$4,725$3,847$1,709
19 years$7,954$6,507$5,287$4,269$3,429$1,441
20 years$7,477$6,047$4,852$3,866$3,063$1,217
21 years$7,046$5,632$4,463$3,509$2,741$1,028
22 years$6,655$5,257$4,113$3,191$2,457$870
23 years$6,298$4,917$3,798$2,906$2,205$737
24 years$5,972$4,607$3,512$2,650$1,982$624
25 years$5,672$4,323$3,253$2,420$1,784$529
26 years$5,396$4,063$3,017$2,213$1,607$449
27 years$5,140$3,824$2,802$2,026$1,449$381
28 years$4,903$3,603$2,604$1,856$1,307$323
29 years$4,683$3,399$2,424$1,702$1,180$274
30 years$4,478$3,210$2,258$1,562$1,066$233
31 years$4,287$3,035$2,105$1,434$964$198
32 years$4,108$2,872$1,964$1,318$872$168
33 years$3,940$2,719$1,833$1,212$789$143
34 years$3,782$2,577$1,713$1,115$715$121
35 years$3,634$2,445$1,602$1,027$647$103
36 years$3,494$2,320$1,498$946$586$88
37 years$3,362$2,204$1,402$871$532$74
38 years$3,238$2,094$1,313$803$482$63
39 years$3,120$1,992$1,230$740$437$54
40 years$3,008$1,895$1,153$683$396$46
41 years$2,902$1,804$1,081$630$360$39
42 years$2,801$1,718$1,014$582$326$33
43 years$2,705$1,637$952$537$296$28
44 years$2,614$1,560$893$496$269$24
45 years$2,527$1,488$839$458$244$20
46 years$2,444$1,419$788$423$222$17
47 years$2,365$1,354$740$391$201$15
48 years$2,289$1,293$696$361$183$12
49 years$2,217$1,235$654$334$166$11
50 years$2,148$1,179$615$308$151$9

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 $6,040 every year, while hoping to spend $20,293 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: 39/45/16 Blend
59$2,200,000$2,200,000$2,200,000$2,200,000
60$2,430,630$2,314,030$2,279,930$2,513,565
61$2,656,963$2,405,826$2,334,716$2,665,099
62$2,905,701$2,501,440$2,390,658$2,826,433
63$3,179,110$2,601,037$2,447,771$3,000,444
64$3,479,682$2,704,791$2,506,075$3,188,291
65$3,810,166$2,812,882$2,565,585$3,391,242
66$4,173,590$2,925,500$2,626,319$3,610,690
67$4,573,288$3,042,842$2,688,293$3,848,165
68$5,012,937$3,165,115$2,751,524$4,105,347
69$5,496,584$3,292,533$2,816,028$4,384,080
70$6,028,693$3,425,324$2,881,821$4,686,391
71$6,614,177$3,563,722$2,948,920$5,014,507
72$7,258,452$3,707,974$3,017,338$5,370,875
73$7,967,488$3,858,338$3,087,092$5,758,182
74$8,747,858$4,015,083$3,158,196$6,179,385
75$9,606,808$4,178,491$3,230,664$6,637,733
76$10,552,321$4,348,856$3,304,510$7,136,798
77$11,593,194$4,526,485$3,379,747$7,680,508
78$12,739,118$4,711,702$3,456,387$8,273,183
79$14,000,774$4,904,841$3,534,442$8,919,574
80$15,389,930$5,106,256$3,613,924$9,624,906
81$16,919,555$5,316,314$3,694,842$10,394,929
82$18,603,936$5,535,400$3,777,206$11,235,967
83$20,458,820$5,763,917$3,861,024$12,154,978
84$22,501,556$6,002,286$3,946,305$13,159,620
85$24,751,264$6,250,946$4,033,055$14,258,317
86$27,229,010$6,510,360$4,121,279$15,460,344
87$29,958,009$6,781,008$4,210,983$16,775,905
88$32,963,843$7,063,394$4,302,167$18,216,233
89$36,274,700$7,358,046$4,394,835$19,793,693
90$39,921,644$7,665,515$4,488,987$21,521,895
91$43,938,905$7,986,378$4,584,621$23,415,823
92$48,364,201$8,321,238$4,681,734$25,491,973
93$53,239,099$8,670,729$4,780,322$27,768,505
94$58,609,402$9,035,509$4,880,377$30,265,417
95$64,525,583$9,416,271$4,981,891$33,004,725
96$71,043,262$9,813,737$5,084,854$36,010,675
97$78,223,730$10,228,666$5,189,253$39,309,962
98$86,134,529$10,661,849$5,295,071$42,931,987
99$94,850,087$11,114,116$5,402,292$46,909,126
100$104,452,422$11,586,333$5,510,894$51,277,035