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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$187,454$185,785$184,156$182,566$181,013$178,603
2 years$92,799$91,071$89,396$87,772$86,197$83,773
3 years$61,252$59,516$57,845$56,236$54,687$52,324
4 years$45,481$43,750$42,096$40,515$39,003$36,719
5 years$36,021$34,301$32,669$31,119$29,649$27,452
6 years$29,716$28,009$26,401$24,887$23,461$21,352
7 years$25,215$23,522$21,939$20,461$19,080$17,060
8 years$21,840$20,163$18,606$17,164$15,829$13,898
9 years$19,217$17,555$16,026$14,620$13,330$11,488
10 years$17,120$15,474$13,972$12,602$11,358$9,603
11 years$15,405$13,776$12,300$10,968$9,768$8,098
12 years$13,977$12,364$10,916$9,620$8,465$6,878
13 years$12,769$11,174$9,753$8,493$7,381$5,876
14 years$11,735$10,157$8,763$7,539$6,471$5,045
15 years$10,840$9,278$7,912$6,724$5,697$4,348
16 years$10,057$8,513$7,173$6,020$5,035$3,760
17 years$9,367$7,840$6,527$5,409$4,465$3,261
18 years$8,755$7,244$5,959$4,875$3,970$2,835
19 years$8,207$6,714$5,455$4,405$3,538$2,470
20 years$7,715$6,239$5,006$3,989$3,160$2,155
21 years$7,270$5,811$4,605$3,621$2,828$1,884
22 years$6,867$5,425$4,244$3,292$2,535$1,649
23 years$6,499$5,074$3,919$2,998$2,276$1,445
24 years$6,162$4,754$3,624$2,734$2,045$1,267
25 years$5,852$4,461$3,357$2,497$1,841$1,113
26 years$5,567$4,193$3,113$2,283$1,658$977
27 years$5,304$3,946$2,891$2,090$1,495$859
28 years$5,059$3,718$2,687$1,915$1,349$756
29 years$4,832$3,508$2,501$1,756$1,218$665
30 years$4,621$3,313$2,329$1,612$1,100$586
31 years$4,423$3,131$2,172$1,480$995$516
32 years$4,238$2,963$2,026$1,360$900$455
33 years$4,065$2,806$1,892$1,251$814$401
34 years$3,903$2,659$1,768$1,151$737$353
35 years$3,750$2,522$1,653$1,059$668$312
36 years$3,605$2,394$1,546$976$605$275
37 years$3,469$2,274$1,447$899$548$242
38 years$3,341$2,161$1,355$829$497$214
39 years$3,219$2,055$1,270$764$451$189
40 years$3,103$1,955$1,190$705$409$167
41 years$2,994$1,861$1,116$650$371$147
42 years$2,890$1,772$1,047$600$337$130
43 years$2,791$1,689$982$554$306$115
44 years$2,697$1,610$922$511$277$101
45 years$2,607$1,535$866$472$252$89
46 years$2,522$1,464$813$436$229$79
47 years$2,440$1,397$764$403$208$70
48 years$2,362$1,334$718$372$189$62
49 years$2,288$1,274$675$344$171$54
50 years$2,216$1,217$634$318$156$48

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 $4,717 every year, while hoping to spend $47,541 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: 58/13/29 Blend
59$2,270,000$2,270,000$2,270,000$2,270,000
60$2,506,406$2,386,096$2,350,911$2,631,623
61$2,711,476$2,452,431$2,379,083$2,784,358
62$2,935,870$2,520,424$2,406,605$2,945,422
63$3,181,508$2,590,104$2,433,407$3,120,083
64$3,450,506$2,661,504$2,459,410$3,309,674
65$3,745,194$2,734,653$2,484,536$3,515,664
66$4,068,135$2,809,583$2,508,700$3,739,672
67$4,422,157$2,886,324$2,531,813$3,983,480
68$4,810,369$2,964,906$2,553,780$4,249,055
69$5,236,198$3,045,358$2,574,504$4,538,560
70$5,703,421$3,127,711$2,593,881$4,854,381
71$6,216,194$3,211,993$2,611,799$5,199,147
72$6,779,096$3,298,232$2,628,146$5,575,755
73$7,397,174$3,386,455$2,642,798$5,987,397
74$8,075,984$3,476,689$2,655,630$6,437,590
75$8,821,648$3,568,960$2,666,507$6,930,211
76$9,640,910$3,663,293$2,675,289$7,469,532
77$10,541,199$3,759,711$2,681,828$8,060,260
78$11,530,701$3,858,236$2,685,969$8,707,584
79$12,618,432$3,958,890$2,687,548$9,417,221
80$13,814,327$4,061,691$2,686,397$10,195,473
81$15,129,332$4,166,656$2,682,334$11,049,284
82$16,575,504$4,273,803$2,675,172$11,986,307
83$18,166,129$4,383,143$2,664,714$13,014,977
84$19,915,846$4,494,689$2,650,754$14,144,591
85$21,840,782$4,608,448$2,633,074$15,385,392
86$23,958,708$4,724,428$2,611,448$16,748,673
87$26,289,202$4,842,631$2,585,637$18,246,875
88$28,853,838$4,963,057$2,555,393$19,893,714
89$31,676,385$5,085,703$2,520,455$21,704,304
90$34,783,036$5,210,562$2,480,549$23,695,303
91$38,202,648$5,337,621$2,435,390$25,885,069
92$41,967,020$5,466,867$2,384,678$28,293,835
93$46,111,190$5,598,278$2,328,099$30,943,900
94$50,673,768$5,731,830$2,265,327$33,859,839
95$55,697,294$5,867,491$2,196,017$37,068,737
96$61,228,646$6,005,227$2,119,812$40,600,443
97$67,319,479$6,144,993$2,036,336$44,487,856
98$74,026,710$6,286,742$1,945,197$48,767,230
99$81,413,058$6,430,417$1,845,986$53,478,524
100$89,547,637$6,575,954$1,738,273$58,665,775