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

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$185,803$184,148$182,533$180,957$179,418$176,591
2 years$91,982$90,269$88,608$86,999$85,437$82,596
3 years$60,712$58,991$57,335$55,741$54,205$51,439
4 years$45,080$43,365$41,726$40,158$38,659$35,989
5 years$35,704$33,999$32,381$30,845$29,388$26,822
6 years$29,455$27,762$26,168$24,667$23,254$20,794
7 years$24,993$23,315$21,746$20,280$18,912$16,559
8 years$21,648$19,985$18,442$17,013$15,689$13,443
9 years$19,048$17,401$15,884$14,491$13,212$11,072
10 years$16,969$15,338$13,848$12,491$11,258$9,221
11 years$15,269$13,654$12,192$10,871$9,682$7,748
12 years$13,853$12,255$10,820$9,536$8,390$6,555
13 years$12,657$11,075$9,667$8,418$7,316$5,579
14 years$11,632$10,067$8,686$7,473$6,414$4,770
15 years$10,744$9,197$7,842$6,665$5,647$4,094
16 years$9,968$8,438$7,110$5,967$4,991$3,526
17 years$9,285$7,771$6,470$5,362$4,425$3,045
18 years$8,677$7,181$5,906$4,832$3,935$2,636
19 years$8,135$6,655$5,407$4,366$3,507$2,286
20 years$7,647$6,184$4,962$3,954$3,133$1,986
21 years$7,206$5,760$4,564$3,589$2,803$1,728
22 years$6,806$5,377$4,207$3,263$2,513$1,506
23 years$6,441$5,029$3,884$2,972$2,256$1,313
24 years$6,108$4,712$3,592$2,710$2,027$1,147
25 years$5,801$4,422$3,327$2,475$1,824$1,002
26 years$5,518$4,156$3,086$2,263$1,643$876
27 years$5,257$3,911$2,865$2,072$1,482$766
28 years$5,015$3,685$2,664$1,898$1,337$671
29 years$4,790$3,477$2,479$1,741$1,207$588
30 years$4,580$3,283$2,309$1,597$1,091$515
31 years$4,384$3,104$2,152$1,467$986$451
32 years$4,201$2,937$2,008$1,348$892$396
33 years$4,029$2,781$1,875$1,240$807$347
34 years$3,868$2,636$1,752$1,141$731$304
35 years$3,716$2,500$1,638$1,050$662$267
36 years$3,574$2,373$1,532$967$600$234
37 years$3,439$2,254$1,434$891$544$206
38 years$3,311$2,142$1,343$821$493$181
39 years$3,190$2,037$1,258$757$447$159
40 years$3,076$1,938$1,179$699$405$139
41 years$2,968$1,845$1,106$644$368$122
42 years$2,865$1,757$1,037$595$334$107
43 years$2,767$1,674$973$549$303$94
44 years$2,673$1,596$914$507$275$83
45 years$2,584$1,522$858$468$250$73
46 years$2,500$1,451$806$432$227$64
47 years$2,419$1,385$757$400$206$56
48 years$2,341$1,322$711$369$187$49
49 years$2,268$1,263$669$341$170$43
50 years$2,197$1,206$629$315$154$38

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 $2,290 every year, while hoping to spend $36,080 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: 56/25/19 Blend
59$2,250,000$2,250,000$2,250,000$2,250,000
60$2,481,862$2,362,612$2,327,737$2,608,109
61$2,696,623$2,439,991$2,367,327$2,771,795
62$2,932,081$2,519,953$2,407,035$2,945,960
63$3,190,308$2,602,585$2,446,825$3,134,895
64$3,473,587$2,687,980$2,486,662$3,340,027
65$3,784,433$2,776,231$2,526,506$3,562,925
66$4,125,617$2,867,439$2,566,315$3,805,316
67$4,500,190$2,961,703$2,606,047$4,069,102
68$4,911,513$3,059,129$2,645,652$4,356,375
69$5,363,288$3,159,827$2,685,082$4,669,439
70$5,859,594$3,263,910$2,724,284$5,010,830
71$6,404,925$3,371,494$2,763,200$5,383,342
72$7,004,231$3,482,700$2,801,770$5,790,048
73$7,662,965$3,597,655$2,839,932$6,234,335
74$8,387,135$3,716,488$2,877,618$6,719,932
75$9,183,361$3,839,335$2,914,756$7,250,946
76$10,058,936$3,966,333$2,951,272$7,831,897
77$11,021,893$4,097,630$2,987,086$8,467,768
78$12,081,086$4,233,373$3,022,113$9,164,045
79$13,246,268$4,373,720$3,056,264$9,926,769
80$14,528,185$4,518,830$3,089,447$10,762,597
81$15,938,677$4,668,870$3,121,561$11,678,859
82$17,490,792$4,824,014$3,152,503$12,683,633
83$19,198,903$4,984,441$3,182,162$13,785,814
84$21,078,848$5,150,336$3,210,422$14,995,202
85$23,148,080$5,321,892$3,237,161$16,322,595
86$25,425,829$5,499,309$3,262,250$17,779,886
87$27,933,282$5,682,794$3,285,554$19,380,179
88$30,693,787$5,872,561$3,306,930$21,137,911
89$33,733,069$6,068,833$3,326,228$23,068,986
90$37,079,477$6,271,840$3,343,291$25,190,929
91$40,764,246$6,481,822$3,357,954$27,523,046
92$44,821,795$6,699,027$3,370,041$30,086,608
93$49,290,051$6,923,713$3,379,371$32,905,054
94$54,210,807$7,156,146$3,385,751$36,004,206
95$59,630,115$7,396,603$3,388,979$39,412,518
96$65,598,721$7,645,371$3,388,844$43,161,340
97$72,172,545$7,902,748$3,385,125$47,285,216
98$79,413,206$8,169,044$3,377,588$51,822,208
99$87,388,604$8,444,578$3,365,988$56,814,256
100$96,173,563$8,729,685$3,350,070$62,307,571