Can I retire at age 60 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$186,629$184,966$183,344$181,761$180,216$177,669
2 years$92,390$90,670$89,002$87,385$85,817$83,256
3 years$60,982$59,254$57,590$55,989$54,446$51,951
4 years$45,281$43,558$41,911$40,337$38,831$36,421
5 years$35,862$34,150$32,525$30,982$29,519$27,200
6 years$29,585$27,886$26,285$24,777$23,357$21,133
7 years$25,104$23,419$21,843$20,370$18,996$16,867
8 years$21,744$20,074$18,524$17,088$15,759$13,725
9 years$19,132$17,478$15,955$14,555$13,271$11,331
10 years$17,044$15,406$13,910$12,547$11,308$9,460
11 years$15,337$13,715$12,246$10,920$9,725$7,968
12 years$13,915$12,310$10,868$9,578$8,427$6,759
13 years$12,713$11,125$9,710$8,456$7,349$5,767
14 years$11,683$10,112$8,724$7,506$6,442$4,944
15 years$10,792$9,237$7,877$6,694$5,672$4,255
16 years$10,013$8,475$7,142$5,994$5,013$3,675
17 years$9,326$7,805$6,499$5,385$4,445$3,183
18 years$8,716$7,212$5,932$4,853$3,952$2,763
19 years$8,171$6,684$5,431$4,385$3,523$2,403
20 years$7,681$6,211$4,984$3,972$3,146$2,094
21 years$7,238$5,786$4,584$3,605$2,816$1,828
22 years$6,836$5,401$4,225$3,278$2,524$1,597
23 years$6,470$5,051$3,901$2,985$2,266$1,398
24 years$6,135$4,733$3,608$2,722$2,036$1,224
25 years$5,827$4,441$3,342$2,486$1,832$1,073
26 years$5,543$4,174$3,099$2,273$1,651$941
27 years$5,280$3,928$2,878$2,081$1,488$826
28 years$5,037$3,702$2,675$1,906$1,343$725
29 years$4,811$3,492$2,490$1,748$1,213$637
30 years$4,600$3,298$2,319$1,604$1,096$560
31 years$4,404$3,118$2,162$1,474$991$493
32 years$4,220$2,950$2,017$1,354$896$433
33 years$4,047$2,794$1,883$1,245$811$381
34 years$3,885$2,648$1,760$1,146$734$336
35 years$3,733$2,511$1,645$1,055$665$296
36 years$3,589$2,384$1,539$971$602$260
37 years$3,454$2,264$1,441$895$546$229
38 years$3,326$2,152$1,349$825$495$202
39 years$3,205$2,046$1,264$761$449$178
40 years$3,090$1,946$1,185$702$407$157
41 years$2,981$1,853$1,111$647$369$138
42 years$2,877$1,765$1,042$597$335$122
43 years$2,779$1,681$978$551$304$107
44 years$2,685$1,603$918$509$276$95
45 years$2,596$1,528$862$470$251$83
46 years$2,511$1,458$809$434$228$73
47 years$2,430$1,391$760$401$207$65
48 years$2,352$1,328$715$371$188$57
49 years$2,278$1,268$672$343$170$50
50 years$2,207$1,212$631$317$155$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,260,000, adding $3,881 every year, while hoping to spend $34,499 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: 56/36/8 Blend
59$2,260,000$2,260,000$2,260,000$2,260,000
60$2,494,523$2,374,743$2,339,713$2,629,356
61$2,712,258$2,454,399$2,381,387$2,800,404
62$2,951,045$2,536,802$2,423,301$2,982,437
63$3,212,996$2,622,049$2,465,425$3,179,861
64$3,500,436$2,710,244$2,507,731$3,394,145
65$3,815,926$2,801,491$2,550,185$3,626,906
66$4,162,286$2,895,900$2,592,753$3,879,926
67$4,542,625$2,993,585$2,635,396$4,155,161
68$4,960,366$3,094,664$2,678,075$4,454,765
69$5,419,280$3,199,259$2,720,747$4,781,109
70$5,923,522$3,307,498$2,763,367$5,136,800
71$6,477,667$3,419,511$2,805,886$5,524,709
72$7,086,759$3,535,437$2,848,252$5,947,995
73$7,756,351$3,655,416$2,890,412$6,410,134
74$8,492,564$3,779,597$2,932,306$6,914,956
75$9,302,141$3,908,132$2,973,874$7,466,673
76$10,192,510$4,041,181$3,015,049$8,069,924
77$11,171,855$4,178,908$3,055,762$8,729,817
78$12,249,194$4,321,484$3,095,940$9,451,976
79$13,434,462$4,469,088$3,135,504$10,242,593
80$14,738,607$4,621,903$3,174,374$11,108,486
81$16,173,691$4,780,122$3,212,461$12,057,166
82$17,753,003$4,943,944$3,249,674$13,096,900
83$19,491,188$5,113,575$3,285,916$14,236,796
84$21,404,379$5,289,231$3,321,085$15,486,884
85$23,510,357$5,471,134$3,355,072$16,858,212
86$25,828,710$5,659,516$3,387,764$18,362,946
87$28,381,025$5,854,619$3,419,040$20,014,489
88$31,191,086$6,056,691$3,448,774$21,827,604
89$34,285,101$6,265,994$3,476,833$23,818,551
90$37,691,951$6,482,798$3,503,077$26,005,243
91$41,443,458$6,707,382$3,527,357$28,407,412
92$45,574,686$6,940,040$3,549,519$31,046,796
93$50,124,276$7,181,073$3,569,400$33,947,340
94$55,134,804$7,430,798$3,586,827$37,135,426
95$60,653,188$7,689,541$3,601,620$40,640,115
96$66,731,129$7,957,644$3,613,590$44,493,427
97$73,425,596$8,235,460$3,622,537$48,730,636
98$80,799,367$8,523,358$3,628,252$53,390,605
99$88,921,620$8,821,721$3,630,516$58,516,153
100$97,868,585$9,130,945$3,629,099$64,154,454