Can I retire at age 60 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$182,500$180,874$179,288$177,740$176,229$172,529
2 years$90,346$88,664$87,033$85,452$83,918$80,209
3 years$59,633$57,943$56,316$54,750$53,241$49,637
4 years$44,279$42,594$40,984$39,444$37,972$34,501
5 years$35,069$33,394$31,805$30,297$28,866$25,538
6 years$28,931$27,269$25,703$24,229$22,841$19,660
7 years$24,548$22,900$21,359$19,920$18,575$15,542
8 years$21,263$19,630$18,115$16,710$15,410$12,523
9 years$18,709$17,091$15,602$14,233$12,978$10,234
10 years$16,667$15,065$13,602$12,269$11,058$8,456
11 years$14,997$13,412$11,975$10,678$9,510$7,047
12 years$13,607$12,038$10,628$9,366$8,241$5,912
13 years$12,432$10,878$9,495$8,269$7,186$4,988
14 years$11,425$9,888$8,531$7,340$6,300$4,228
15 years$10,553$9,033$7,703$6,546$5,547$3,596
16 years$9,791$8,288$6,984$5,861$4,902$3,069
17 years$9,119$7,633$6,355$5,266$4,347$2,626
18 years$8,523$7,053$5,801$4,746$3,865$2,252
19 years$7,990$6,537$5,311$4,288$3,445$1,934
20 years$7,511$6,074$4,874$3,884$3,077$1,664
21 years$7,078$5,658$4,483$3,525$2,753$1,434
22 years$6,685$5,281$4,132$3,205$2,468$1,237
23 years$6,327$4,940$3,815$2,919$2,216$1,068
24 years$5,999$4,628$3,528$2,662$1,991$923
25 years$5,698$4,343$3,268$2,431$1,792$798
26 years$5,420$4,082$3,031$2,223$1,614$691
27 years$5,163$3,842$2,814$2,035$1,455$598
28 years$4,926$3,620$2,616$1,864$1,313$518
29 years$4,705$3,415$2,435$1,710$1,186$449
30 years$4,499$3,225$2,268$1,569$1,071$389
31 years$4,306$3,049$2,114$1,441$969$337
32 years$4,126$2,885$1,973$1,324$876$293
33 years$3,958$2,732$1,842$1,218$793$254
34 years$3,799$2,589$1,721$1,120$718$220
35 years$3,650$2,456$1,609$1,031$650$191
36 years$3,510$2,331$1,505$950$589$166
37 years$3,377$2,214$1,409$875$534$144
38 years$3,252$2,104$1,319$807$484$125
39 years$3,134$2,001$1,236$744$439$109
40 years$3,021$1,903$1,158$686$398$94
41 years$2,915$1,812$1,086$633$361$82
42 years$2,814$1,726$1,019$584$328$71
43 years$2,717$1,644$956$539$297$62
44 years$2,626$1,567$898$498$270$54
45 years$2,539$1,494$843$460$245$47
46 years$2,455$1,426$792$425$223$40
47 years$2,376$1,361$744$392$202$35
48 years$2,300$1,299$699$363$184$31
49 years$2,227$1,240$657$335$167$27
50 years$2,158$1,185$618$310$151$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,210,000, adding $2,273 every year, while hoping to spend $36,716 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: 86/6/8 Blend
59$2,210,000$2,210,000$2,210,000$2,210,000
60$2,437,765$2,320,635$2,286,380$2,645,198
61$2,647,351$2,395,280$2,323,908$2,855,494
62$2,877,085$2,472,353$2,361,463$3,081,288
63$3,128,982$2,551,933$2,399,006$3,328,247
64$3,405,263$2,634,103$2,436,498$3,598,478
65$3,708,375$2,718,948$2,473,896$3,894,301
66$4,041,011$2,806,558$2,511,153$4,218,272
67$4,406,139$2,897,024$2,548,221$4,573,203
68$4,807,027$2,990,441$2,585,049$4,962,196
69$5,247,277$3,086,906$2,621,581$5,388,665
70$5,730,856$3,186,521$2,657,761$5,856,370
71$6,262,133$3,289,390$2,693,525$6,369,456
72$6,845,922$3,395,622$2,728,810$6,932,484
73$7,487,527$3,505,328$2,763,546$7,550,484
74$8,192,790$3,618,624$2,797,660$8,228,994
75$8,968,148$3,735,630$2,831,075$8,974,116
76$9,820,693$3,856,470$2,863,710$9,792,571
77$10,758,238$3,981,272$2,895,479$10,691,766
78$11,789,392$4,110,167$2,926,290$11,679,860
79$12,923,638$4,243,294$2,956,050$12,765,842
80$14,171,427$4,380,793$2,984,655$13,959,616
81$15,544,272$4,522,812$3,012,001$15,272,096
82$17,054,859$4,669,501$3,037,974$16,715,303
83$18,717,166$4,821,017$3,062,457$18,302,485
84$20,546,593$4,977,524$3,085,326$20,048,239
85$22,560,111$5,139,188$3,106,450$21,968,646
86$24,776,417$5,306,183$3,125,691$24,081,427
87$27,216,115$5,478,688$3,142,904$26,406,107
88$29,901,905$5,656,891$3,157,938$28,964,201
89$32,858,803$5,840,982$3,170,633$31,779,414
90$36,114,372$6,031,162$3,180,820$34,877,868
91$39,698,984$6,227,635$3,188,324$38,288,345
92$43,646,107$6,430,615$3,192,959$42,042,562
93$47,992,617$6,640,323$3,194,531$46,175,466
94$52,779,152$6,856,986$3,192,835$50,725,567
95$58,050,489$7,080,842$3,187,659$55,735,300
96$63,855,970$7,312,134$3,178,776$61,251,423
97$70,249,966$7,551,116$3,165,953$67,325,463
98$77,292,392$7,798,050$3,148,941$74,014,197
99$85,049,268$8,053,207$3,127,483$81,380,191
100$93,593,347$8,316,867$3,101,307$89,492,389