Can I retire at age 60 with 2,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$185,803$184,148$182,533$180,957$179,418$178,662
2 years$91,982$90,269$88,608$86,999$85,437$84,674
3 years$60,712$58,991$57,335$55,741$54,205$53,458
4 years$45,080$43,365$41,726$40,158$38,659$37,935
5 years$35,704$33,999$32,381$30,845$29,388$28,688
6 years$29,455$27,762$26,168$24,667$23,254$22,579
7 years$24,993$23,315$21,746$20,280$18,912$18,262
8 years$21,648$19,985$18,442$17,013$15,689$15,065
9 years$19,048$17,401$15,884$14,491$13,212$12,614
10 years$16,969$15,338$13,848$12,491$11,258$10,684
11 years$15,269$13,654$12,192$10,871$9,682$9,133
12 years$13,853$12,255$10,820$9,536$8,390$7,866
13 years$12,657$11,075$9,667$8,418$7,316$6,816
14 years$11,632$10,067$8,686$7,473$6,414$5,937
15 years$10,744$9,197$7,842$6,665$5,647$5,193
16 years$9,968$8,438$7,110$5,967$4,991$4,559
17 years$9,285$7,771$6,470$5,362$4,425$4,015
18 years$8,677$7,181$5,906$4,832$3,935$3,545
19 years$8,135$6,655$5,407$4,366$3,507$3,138
20 years$7,647$6,184$4,962$3,954$3,133$2,783
21 years$7,206$5,760$4,564$3,589$2,803$2,472
22 years$6,806$5,377$4,207$3,263$2,513$2,200
23 years$6,441$5,029$3,884$2,972$2,256$1,960
24 years$6,108$4,712$3,592$2,710$2,027$1,749
25 years$5,801$4,422$3,327$2,475$1,824$1,562
26 years$5,518$4,156$3,086$2,263$1,643$1,396
27 years$5,257$3,911$2,865$2,072$1,482$1,249
28 years$5,015$3,685$2,664$1,898$1,337$1,118
29 years$4,790$3,477$2,479$1,741$1,207$1,001
30 years$4,580$3,283$2,309$1,597$1,091$898
31 years$4,384$3,104$2,152$1,467$986$805
32 years$4,201$2,937$2,008$1,348$892$722
33 years$4,029$2,781$1,875$1,240$807$648
34 years$3,868$2,636$1,752$1,141$731$582
35 years$3,716$2,500$1,638$1,050$662$523
36 years$3,574$2,373$1,532$967$600$470
37 years$3,439$2,254$1,434$891$544$422
38 years$3,311$2,142$1,343$821$493$380
39 years$3,190$2,037$1,258$757$447$341
40 years$3,076$1,938$1,179$699$405$307
41 years$2,968$1,845$1,106$644$368$276
42 years$2,865$1,757$1,037$595$334$248
43 years$2,767$1,674$973$549$303$224
44 years$2,673$1,596$914$507$275$201
45 years$2,584$1,522$858$468$250$181
46 years$2,500$1,451$806$432$227$163
47 years$2,419$1,385$757$400$206$147
48 years$2,341$1,322$711$369$187$132
49 years$2,268$1,263$669$341$170$119
50 years$2,197$1,206$629$315$154$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,250,000, adding $2,532 every year, while hoping to spend $43,559 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: 80/10/10 Blend
59$2,250,000$2,250,000$2,250,000$2,250,000
60$2,482,112$2,362,862$2,327,987$2,676,457
61$2,688,941$2,432,296$2,359,628$2,873,750
62$2,915,406$2,503,672$2,390,869$3,084,249
63$3,163,466$2,577,039$2,421,651$3,313,951
64$3,435,273$2,652,449$2,451,911$3,564,754
65$3,733,203$2,729,951$2,481,582$3,838,750
66$4,059,870$2,809,598$2,510,594$4,138,240
67$4,418,151$2,891,443$2,538,874$4,465,763
68$4,811,218$2,975,540$2,566,342$4,824,110
69$5,242,565$3,061,943$2,592,917$5,216,358
70$5,716,038$3,150,710$2,618,511$5,645,896
71$6,235,875$3,241,896$2,643,032$6,116,458
72$6,806,744$3,335,559$2,666,384$6,632,154
73$7,433,789$3,431,758$2,688,465$7,197,515
74$8,122,675$3,530,553$2,709,167$7,817,530
75$8,879,642$3,632,004$2,728,378$8,497,696
76$9,711,565$3,736,173$2,745,979$9,244,068
77$10,626,020$3,843,121$2,761,845$10,063,319
78$11,631,352$3,952,911$2,775,845$10,962,799
79$12,736,754$4,065,608$2,787,840$11,950,606
80$13,952,356$4,181,276$2,797,685$13,035,660
81$15,289,317$4,299,979$2,805,229$14,227,794
82$16,759,934$4,421,785$2,810,310$15,537,836
83$18,377,754$4,546,759$2,812,762$16,977,720
84$20,157,703$4,674,968$2,812,407$18,560,595
85$22,116,227$4,806,480$2,809,062$20,300,948
86$24,271,448$4,941,363$2,802,531$22,214,741
87$26,643,331$5,079,685$2,792,611$24,319,563
88$29,253,876$5,221,515$2,779,089$26,634,794
89$32,127,324$5,366,922$2,761,741$29,181,789
90$35,290,385$5,515,975$2,740,333$31,984,079
91$38,772,489$5,668,743$2,714,619$35,067,592
92$42,606,066$5,825,295$2,684,342$38,460,900
93$46,826,850$5,985,699$2,649,233$42,195,483
94$51,474,215$6,150,024$2,609,008$46,306,035
95$56,591,549$6,318,339$2,563,374$50,830,781
96$62,226,660$6,490,711$2,512,020$55,811,846
97$68,432,229$6,667,206$2,454,623$61,295,647
98$75,266,308$6,847,891$2,390,844$67,333,334
99$82,792,864$7,032,830$2,320,330$73,981,271
100$91,082,385$7,222,087$2,242,709$81,301,569