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%13.2%
1 years$182,500$180,874$179,288$177,740$176,229$173,882
2 years$90,346$88,664$87,033$85,452$83,918$81,558
3 years$59,633$57,943$56,316$54,750$53,241$50,941
4 years$44,279$42,594$40,984$39,444$37,972$35,749
5 years$35,069$33,394$31,805$30,297$28,866$26,726
6 years$28,931$27,269$25,703$24,229$22,841$20,787
7 years$24,548$22,900$21,359$19,920$18,575$16,609
8 years$21,263$19,630$18,115$16,710$15,410$13,531
9 years$18,709$17,091$15,602$14,233$12,978$11,184
10 years$16,667$15,065$13,602$12,269$11,058$9,349
11 years$14,997$13,412$11,975$10,678$9,510$7,884
12 years$13,607$12,038$10,628$9,366$8,241$6,697
13 years$12,432$10,878$9,495$8,269$7,186$5,721
14 years$11,425$9,888$8,531$7,340$6,300$4,911
15 years$10,553$9,033$7,703$6,546$5,547$4,233
16 years$9,791$8,288$6,984$5,861$4,902$3,661
17 years$9,119$7,633$6,355$5,266$4,347$3,175
18 years$8,523$7,053$5,801$4,746$3,865$2,760
19 years$7,990$6,537$5,311$4,288$3,445$2,404
20 years$7,511$6,074$4,874$3,884$3,077$2,098
21 years$7,078$5,658$4,483$3,525$2,753$1,834
22 years$6,685$5,281$4,132$3,205$2,468$1,605
23 years$6,327$4,940$3,815$2,919$2,216$1,407
24 years$5,999$4,628$3,528$2,662$1,991$1,234
25 years$5,698$4,343$3,268$2,431$1,792$1,083
26 years$5,420$4,082$3,031$2,223$1,614$952
27 years$5,163$3,842$2,814$2,035$1,455$837
28 years$4,926$3,620$2,616$1,864$1,313$736
29 years$4,705$3,415$2,435$1,710$1,186$648
30 years$4,499$3,225$2,268$1,569$1,071$570
31 years$4,306$3,049$2,114$1,441$969$502
32 years$4,126$2,885$1,973$1,324$876$443
33 years$3,958$2,732$1,842$1,218$793$390
34 years$3,799$2,589$1,721$1,120$718$344
35 years$3,650$2,456$1,609$1,031$650$303
36 years$3,510$2,331$1,505$950$589$268
37 years$3,377$2,214$1,409$875$534$236
38 years$3,252$2,104$1,319$807$484$208
39 years$3,134$2,001$1,236$744$439$184
40 years$3,021$1,903$1,158$686$398$162
41 years$2,915$1,812$1,086$633$361$143
42 years$2,814$1,726$1,019$584$328$126
43 years$2,717$1,644$956$539$297$112
44 years$2,626$1,567$898$498$270$99
45 years$2,539$1,494$843$460$245$87
46 years$2,455$1,426$792$425$223$77
47 years$2,376$1,361$744$392$202$68
48 years$2,300$1,299$699$363$184$60
49 years$2,227$1,240$657$335$167$53
50 years$2,158$1,185$618$310$151$47

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 $2,532 every year, while hoping to spend $58,155 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: 61/14/25 Blend
59$2,210,000$2,210,000$2,210,000$2,210,000
60$2,438,032$2,320,902$2,286,647$2,570,351
61$2,624,835$2,372,749$2,301,373$2,712,338
62$2,828,742$2,425,189$2,314,643$2,860,690
63$3,051,438$2,478,187$2,326,348$3,021,353
64$3,294,774$2,531,708$2,336,371$3,195,540
65$3,560,792$2,585,713$2,344,590$3,384,583
66$3,851,737$2,640,157$2,350,878$3,589,953
67$4,170,083$2,694,993$2,355,101$3,813,272
68$4,518,552$2,750,168$2,357,117$4,056,326
69$4,900,143$2,805,625$2,356,780$4,321,084
70$5,318,159$2,861,302$2,353,933$4,609,717
71$5,776,235$2,917,130$2,348,413$4,924,617
72$6,278,378$2,973,035$2,340,052$5,268,423
73$6,828,997$3,028,939$2,328,668$5,644,041
74$7,432,951$3,084,754$2,314,076$6,054,677
75$8,095,592$3,140,387$2,296,077$6,503,864
76$8,822,814$3,195,737$2,274,467$6,995,495
77$9,621,108$3,250,695$2,249,029$7,533,863
78$10,497,627$3,305,145$2,219,537$8,123,701
79$11,460,249$3,358,961$2,185,755$8,770,226
80$12,517,651$3,412,007$2,147,435$9,479,186
81$13,679,396$3,464,140$2,104,318$10,256,922
82$14,956,013$3,515,202$2,056,132$11,110,419
83$16,359,108$3,565,028$2,002,594$12,047,382
84$17,901,462$3,613,439$1,943,405$13,076,298
85$19,597,158$3,660,245$1,878,257$14,206,528
86$21,461,712$3,705,241$1,806,822$15,448,388
87$23,512,219$3,748,210$1,728,763$16,813,250
88$25,767,512$3,788,919$1,643,723$18,313,647
89$28,248,342$3,827,119$1,551,331$19,963,397
90$30,977,571$3,862,546$1,451,199$21,777,731
91$33,980,391$3,894,919$1,342,922$23,773,436
92$37,284,556$3,923,935$1,226,075$25,969,015
93$40,920,648$3,949,275$1,100,216$28,384,867
94$44,922,363$3,970,599$964,883$31,043,472
95$49,326,829$3,987,543$819,591$33,969,611
96$54,174,956$3,999,723$663,838$37,190,598
97$59,511,821$4,006,729$497,095$40,736,539
98$65,387,093$4,008,125$318,814$44,640,617
99$71,855,502$4,003,448$128,420$48,939,407
100$78,977,355$3,992,209$0$53,673,221