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%15.3%
1 years$182,500$180,874$179,288$177,740$176,229$172,389
2 years$90,346$88,664$87,033$85,452$83,918$80,069
3 years$59,633$57,943$56,316$54,750$53,241$49,503
4 years$44,279$42,594$40,984$39,444$37,972$34,373
5 years$35,069$33,394$31,805$30,297$28,866$25,416
6 years$28,931$27,269$25,703$24,229$22,841$19,545
7 years$24,548$22,900$21,359$19,920$18,575$15,433
8 years$21,263$19,630$18,115$16,710$15,410$12,421
9 years$18,709$17,091$15,602$14,233$12,978$10,139
10 years$16,667$15,065$13,602$12,269$11,058$8,367
11 years$14,997$13,412$11,975$10,678$9,510$6,964
12 years$13,607$12,038$10,628$9,366$8,241$5,835
13 years$12,432$10,878$9,495$8,269$7,186$4,916
14 years$11,425$9,888$8,531$7,340$6,300$4,161
15 years$10,553$9,033$7,703$6,546$5,547$3,535
16 years$9,791$8,288$6,984$5,861$4,902$3,012
17 years$9,119$7,633$6,355$5,266$4,347$2,574
18 years$8,523$7,053$5,801$4,746$3,865$2,204
19 years$7,990$6,537$5,311$4,288$3,445$1,890
20 years$7,511$6,074$4,874$3,884$3,077$1,624
21 years$7,078$5,658$4,483$3,525$2,753$1,397
22 years$6,685$5,281$4,132$3,205$2,468$1,203
23 years$6,327$4,940$3,815$2,919$2,216$1,037
24 years$5,999$4,628$3,528$2,662$1,991$895
25 years$5,698$4,343$3,268$2,431$1,792$773
26 years$5,420$4,082$3,031$2,223$1,614$668
27 years$5,163$3,842$2,814$2,035$1,455$577
28 years$4,926$3,620$2,616$1,864$1,313$499
29 years$4,705$3,415$2,435$1,710$1,186$432
30 years$4,499$3,225$2,268$1,569$1,071$374
31 years$4,306$3,049$2,114$1,441$969$323
32 years$4,126$2,885$1,973$1,324$876$280
33 years$3,958$2,732$1,842$1,218$793$243
34 years$3,799$2,589$1,721$1,120$718$210
35 years$3,650$2,456$1,609$1,031$650$182
36 years$3,510$2,331$1,505$950$589$158
37 years$3,377$2,214$1,409$875$534$137
38 years$3,252$2,104$1,319$807$484$118
39 years$3,134$2,001$1,236$744$439$103
40 years$3,021$1,903$1,158$686$398$89
41 years$2,915$1,812$1,086$633$361$77
42 years$2,814$1,726$1,019$584$328$67
43 years$2,717$1,644$956$539$297$58
44 years$2,626$1,567$898$498$270$50
45 years$2,539$1,494$843$460$245$44
46 years$2,455$1,426$792$425$223$38
47 years$2,376$1,361$744$392$202$33
48 years$2,300$1,299$699$363$184$28
49 years$2,227$1,240$657$335$167$25
50 years$2,158$1,185$618$310$151$21

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 $3,872 every year, while hoping to spend $20,513 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: 59/31/10 Blend
59$2,210,000$2,210,000$2,210,000$2,210,000
60$2,439,414$2,322,284$2,288,029$2,577,395
61$2,666,409$2,414,250$2,342,852$2,762,587
62$2,915,869$2,510,035$2,398,825$2,961,769
63$3,190,065$2,609,805$2,455,963$3,178,451
64$3,491,498$2,713,731$2,514,284$3,414,317
65$3,822,923$2,821,996$2,573,804$3,671,220
66$4,187,374$2,934,787$2,634,540$3,951,196
67$4,588,196$3,052,302$2,696,507$4,256,485
68$5,029,075$3,174,747$2,759,723$4,589,552
69$5,514,069$3,302,338$2,824,201$4,953,107
70$6,047,651$3,435,299$2,889,959$5,350,135
71$6,634,749$3,573,867$2,957,011$5,783,917
72$7,280,794$3,718,287$3,025,371$6,258,065
73$7,991,769$3,868,817$3,095,055$6,776,556
74$8,774,265$4,025,725$3,166,075$7,343,763
75$9,635,548$4,189,293$3,238,446$7,964,502
76$10,583,619$4,359,814$3,312,180$8,644,075
77$11,627,300$4,537,596$3,387,289$9,388,317
78$12,776,306$4,722,960$3,463,785$10,203,651
79$14,041,347$4,916,242$3,541,679$11,097,151
80$15,434,220$5,117,794$3,620,981$12,076,602
81$16,967,926$5,327,982$3,701,700$13,150,578
82$18,656,793$5,547,191$3,783,845$14,328,520
83$20,516,605$5,775,822$3,867,423$15,620,823
84$22,564,757$6,014,297$3,952,441$17,038,934
85$24,820,418$6,263,053$4,038,903$18,595,459
86$27,304,710$6,522,551$4,126,815$20,304,282
87$30,040,906$6,793,272$4,216,179$22,180,691
88$33,054,655$7,075,719$4,306,998$24,241,526
89$36,374,217$7,370,417$4,399,270$26,505,333
90$40,030,736$7,677,916$4,492,994$28,992,540
91$44,058,531$7,998,793$4,588,169$31,725,647
92$48,495,417$8,333,650$4,684,789$34,729,437
93$53,383,068$8,683,117$4,782,847$38,031,208
94$58,767,404$9,047,853$4,882,336$41,661,032
95$64,699,029$9,428,548$4,983,244$45,652,034
96$71,233,706$9,825,923$5,085,559$50,040,703
97$78,432,885$10,240,734$5,189,266$54,867,235
98$86,364,280$10,673,771$5,294,348$60,175,915
99$95,102,512$11,125,861$5,400,783$66,015,524
100$104,729,809$11,597,869$5,508,551$72,439,806