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

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$186,629$184,966$183,344$181,761$180,216$179,305
2 years$92,390$90,670$89,002$87,385$85,817$84,898
3 years$60,982$59,254$57,590$55,989$54,446$53,547
4 years$45,281$43,558$41,911$40,337$38,831$37,960
5 years$35,862$34,150$32,525$30,982$29,519$28,677
6 years$29,585$27,886$26,285$24,777$23,357$22,546
7 years$25,104$23,419$21,843$20,370$18,996$18,215
8 years$21,744$20,074$18,524$17,088$15,759$15,009
9 years$19,132$17,478$15,955$14,555$13,271$12,553
10 years$17,044$15,406$13,910$12,547$11,308$10,620
11 years$15,337$13,715$12,246$10,920$9,725$9,067
12 years$13,915$12,310$10,868$9,578$8,427$7,799
13 years$12,713$11,125$9,710$8,456$7,349$6,750
14 years$11,683$10,112$8,724$7,506$6,442$5,871
15 years$10,792$9,237$7,877$6,694$5,672$5,129
16 years$10,013$8,475$7,142$5,994$5,013$4,497
17 years$9,326$7,805$6,499$5,385$4,445$3,955
18 years$8,716$7,212$5,932$4,853$3,952$3,487
19 years$8,171$6,684$5,431$4,385$3,523$3,082
20 years$7,681$6,211$4,984$3,972$3,146$2,729
21 years$7,238$5,786$4,584$3,605$2,816$2,421
22 years$6,836$5,401$4,225$3,278$2,524$2,151
23 years$6,470$5,051$3,901$2,985$2,266$1,914
24 years$6,135$4,733$3,608$2,722$2,036$1,705
25 years$5,827$4,441$3,342$2,486$1,832$1,520
26 years$5,543$4,174$3,099$2,273$1,651$1,357
27 years$5,280$3,928$2,878$2,081$1,488$1,212
28 years$5,037$3,702$2,675$1,906$1,343$1,083
29 years$4,811$3,492$2,490$1,748$1,213$969
30 years$4,600$3,298$2,319$1,604$1,096$867
31 years$4,404$3,118$2,162$1,474$991$776
32 years$4,220$2,950$2,017$1,354$896$695
33 years$4,047$2,794$1,883$1,245$811$623
34 years$3,885$2,648$1,760$1,146$734$559
35 years$3,733$2,511$1,645$1,055$665$501
36 years$3,589$2,384$1,539$971$602$449
37 years$3,454$2,264$1,441$895$546$403
38 years$3,326$2,152$1,349$825$495$362
39 years$3,205$2,046$1,264$761$449$325
40 years$3,090$1,946$1,185$702$407$292
41 years$2,981$1,853$1,111$647$369$262
42 years$2,877$1,765$1,042$597$335$235
43 years$2,779$1,681$978$551$304$211
44 years$2,685$1,603$918$509$276$190
45 years$2,596$1,528$862$470$251$171
46 years$2,511$1,458$809$434$228$153
47 years$2,430$1,391$760$401$207$138
48 years$2,352$1,328$715$371$188$124
49 years$2,278$1,268$672$343$170$111
50 years$2,207$1,212$631$317$155$100

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 $2,563 every year, while hoping to spend $25,820 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: 46/24/30 Blend
59$2,260,000$2,260,000$2,260,000$2,260,000
60$2,493,164$2,373,384$2,338,354$2,586,183
61$2,719,994$2,462,207$2,389,216$2,741,369
62$2,969,096$2,554,518$2,440,917$2,906,974
63$3,242,713$2,650,459$2,493,458$3,086,181
64$3,543,319$2,750,180$2,546,838$3,280,284
65$3,873,637$2,853,838$2,601,056$3,490,701
66$4,236,667$2,961,596$2,656,111$3,718,995
67$4,635,716$3,073,623$2,711,999$3,966,882
68$5,074,426$3,190,097$2,768,718$4,236,254
69$5,556,809$3,311,203$2,826,262$4,529,188
70$6,087,286$3,437,135$2,884,624$4,847,974
71$6,670,727$3,568,093$2,943,797$5,195,127
72$7,312,500$3,704,287$3,003,772$5,573,419
73$8,018,516$3,845,939$3,064,540$5,985,900
74$8,795,290$3,993,275$3,126,087$6,435,925
75$9,650,000$4,146,536$3,188,402$6,927,189
76$10,590,555$4,305,971$3,251,468$7,463,759
77$11,625,668$4,471,840$3,315,268$8,050,114
78$12,764,941$4,644,415$3,379,785$8,691,183
79$14,018,954$4,823,981$3,444,997$9,392,395
80$15,399,364$5,010,832$3,510,881$10,159,725
81$16,919,015$5,205,280$3,577,412$10,999,756
82$18,592,063$5,407,646$3,644,563$11,919,736
83$20,434,101$5,618,268$3,712,304$12,927,645
84$22,462,315$5,837,499$3,780,601$14,032,274
85$24,695,640$6,065,706$3,849,421$15,243,304
86$27,154,943$6,303,274$3,918,725$16,571,397
87$29,863,217$6,550,603$3,988,471$18,028,296
88$32,845,795$6,808,113$4,058,615$19,626,937
89$36,130,598$7,076,242$4,129,110$21,381,568
90$39,748,388$7,355,447$4,199,904$23,307,882
91$43,733,065$7,646,206$4,270,943$25,423,168
92$48,121,986$7,949,018$4,342,167$27,746,469
93$52,956,313$8,264,404$4,413,514$30,298,764
94$58,281,406$8,592,909$4,484,917$33,103,164
95$64,147,251$8,935,103$4,556,303$36,185,128
96$70,608,928$9,291,581$4,627,596$39,572,703
97$77,727,134$9,662,963$4,698,716$43,296,790
98$85,568,754$10,049,901$4,769,575$47,391,431
99$94,207,493$10,453,072$4,840,082$51,894,131
100$103,724,571$10,873,186$4,910,138$56,846,210