Can I retire at age 60 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$187,454$185,785$184,156$182,566$181,013$173,968
2 years$92,799$91,071$89,396$87,772$86,197$79,185
3 years$61,252$59,516$57,845$56,236$54,687$47,928
4 years$45,481$43,750$42,096$40,515$39,003$32,549
5 years$36,021$34,301$32,669$31,119$29,649$23,516
6 years$29,716$28,009$26,401$24,887$23,461$17,652
7 years$25,215$23,522$21,939$20,461$19,080$13,595
8 years$21,840$20,163$18,606$17,164$15,829$10,661
9 years$19,217$17,555$16,026$14,620$13,330$8,473
10 years$17,120$15,474$13,972$12,602$11,358$6,802
11 years$15,405$13,776$12,300$10,968$9,768$5,503
12 years$13,977$12,364$10,916$9,620$8,465$4,479
13 years$12,769$11,174$9,753$8,493$7,381$3,663
14 years$11,735$10,157$8,763$7,539$6,471$3,007
15 years$10,840$9,278$7,912$6,724$5,697$2,476
16 years$10,057$8,513$7,173$6,020$5,035$2,045
17 years$9,367$7,840$6,527$5,409$4,465$1,691
18 years$8,755$7,244$5,959$4,875$3,970$1,402
19 years$8,207$6,714$5,455$4,405$3,538$1,163
20 years$7,715$6,239$5,006$3,989$3,160$966
21 years$7,270$5,811$4,605$3,621$2,828$804
22 years$6,867$5,425$4,244$3,292$2,535$669
23 years$6,499$5,074$3,919$2,998$2,276$557
24 years$6,162$4,754$3,624$2,734$2,045$464
25 years$5,852$4,461$3,357$2,497$1,841$387
26 years$5,567$4,193$3,113$2,283$1,658$323
27 years$5,304$3,946$2,891$2,090$1,495$269
28 years$5,059$3,718$2,687$1,915$1,349$224
29 years$4,832$3,508$2,501$1,756$1,218$187
30 years$4,621$3,313$2,329$1,612$1,100$156
31 years$4,423$3,131$2,172$1,480$995$131
32 years$4,238$2,963$2,026$1,360$900$109
33 years$4,065$2,806$1,892$1,251$814$91
34 years$3,903$2,659$1,768$1,151$737$76
35 years$3,750$2,522$1,653$1,059$668$63
36 years$3,605$2,394$1,546$976$605$53
37 years$3,469$2,274$1,447$899$548$44
38 years$3,341$2,161$1,355$829$497$37
39 years$3,219$2,055$1,270$764$451$31
40 years$3,103$1,955$1,190$705$409$26
41 years$2,994$1,861$1,116$650$371$22
42 years$2,890$1,772$1,047$600$337$18
43 years$2,791$1,689$982$554$306$15
44 years$2,697$1,610$922$511$277$13
45 years$2,607$1,535$866$472$252$10
46 years$2,522$1,464$813$436$229$9
47 years$2,440$1,397$764$403$208$7
48 years$2,362$1,334$718$372$189$6
49 years$2,288$1,274$675$344$171$5
50 years$2,216$1,217$634$318$156$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,270,000, adding $6,949 every year, while hoping to spend $40,225 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: 74/7/19 Blend
59$2,270,000$2,270,000$2,270,000$2,270,000
60$2,508,708$2,388,398$2,353,213$2,682,659
61$2,721,797$2,462,630$2,389,246$2,873,216
62$2,955,273$2,539,152$2,425,139$3,076,393
63$3,211,173$2,618,032$2,460,843$3,297,996
64$3,491,740$2,699,344$2,496,309$3,539,850
65$3,799,446$2,783,160$2,531,483$3,803,966
66$4,137,011$2,869,556$2,566,310$4,092,557
67$4,507,434$2,958,612$2,600,729$4,408,061
68$4,914,016$3,050,407$2,634,677$4,753,166
69$5,360,394$3,145,026$2,668,087$5,130,829
70$5,850,574$3,242,553$2,700,889$5,544,312
71$6,388,972$3,343,076$2,733,007$5,997,204
72$6,980,447$3,446,687$2,764,363$6,493,463
73$7,630,356$3,553,479$2,794,873$7,037,445
74$8,344,600$3,663,547$2,824,448$7,633,954
75$9,129,679$3,776,991$2,852,998$8,288,278
76$9,992,756$3,893,912$2,880,422$9,006,248
77$10,941,719$4,014,416$2,906,618$9,794,284
78$11,985,262$4,138,610$2,931,478$10,659,462
79$13,132,962$4,266,606$2,954,886$11,609,579
80$14,395,372$4,398,517$2,976,722$12,653,224
81$15,784,117$4,534,461$2,996,859$13,799,862
82$17,312,007$4,674,560$3,015,164$15,059,921
83$18,993,156$4,818,938$3,031,497$16,444,894
84$20,843,115$4,967,724$3,045,709$17,967,443
85$22,879,019$5,121,048$3,057,647$19,641,519
86$25,119,747$5,279,047$3,067,146$21,482,497
87$27,586,102$5,441,861$3,074,036$23,507,318
88$30,301,005$5,609,634$3,078,137$25,734,650
89$33,289,714$5,782,512$3,079,261$28,185,063
90$36,580,059$5,960,649$3,077,210$30,881,225
91$40,202,704$6,144,200$3,071,776$33,848,113
92$44,191,441$6,333,327$3,062,742$37,113,254
93$48,583,504$6,528,195$3,049,878$40,706,977
94$53,419,919$6,728,975$3,032,947$44,662,705
95$58,745,897$6,935,841$3,011,697$49,017,271
96$64,611,255$7,148,973$2,985,866$53,811,261
97$71,070,887$7,368,557$2,955,177$59,089,400
98$78,185,285$7,594,784$2,919,342$64,900,976
99$86,021,104$7,827,848$2,878,060$71,300,299
100$94,651,795$8,067,951$2,831,014$78,347,221