Can I retire at age 60 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$188,280$186,603$184,967$183,370$181,810$175,639
2 years$93,208$91,472$89,790$88,159$86,576$80,421
3 years$61,521$59,778$58,100$56,484$54,928$48,981
4 years$45,681$43,943$42,282$40,694$39,175$33,483
5 years$36,180$34,452$32,812$31,257$29,780$24,358
6 years$29,847$28,133$26,517$24,996$23,564$18,415
7 years$25,326$23,626$22,036$20,551$19,164$14,288
8 years$21,936$20,252$18,688$17,239$15,898$11,292
9 years$19,302$17,633$16,096$14,684$13,389$9,046
10 years$17,195$15,542$14,033$12,658$11,408$7,322
11 years$15,472$13,836$12,354$11,016$9,811$5,974
12 years$14,038$12,419$10,964$9,663$8,502$4,904
13 years$12,825$11,223$9,796$8,531$7,414$4,047
14 years$11,787$10,201$8,802$7,573$6,499$3,353
15 years$10,887$9,319$7,947$6,753$5,722$2,787
16 years$10,101$8,550$7,205$6,047$5,057$2,322
17 years$9,408$7,874$6,556$5,433$4,484$1,940
18 years$8,793$7,276$5,985$4,896$3,987$1,623
19 years$8,243$6,744$5,479$4,424$3,554$1,360
20 years$7,749$6,266$5,028$4,007$3,174$1,142
21 years$7,302$5,837$4,625$3,637$2,841$959
22 years$6,897$5,449$4,263$3,307$2,546$806
23 years$6,527$5,096$3,936$3,011$2,286$678
24 years$6,189$4,775$3,640$2,747$2,054$571
25 years$5,878$4,481$3,371$2,508$1,849$481
26 years$5,592$4,211$3,127$2,293$1,665$405
27 years$5,327$3,963$2,903$2,099$1,501$342
28 years$5,082$3,734$2,699$1,923$1,355$288
29 years$4,854$3,523$2,512$1,764$1,223$243
30 years$4,641$3,327$2,340$1,619$1,105$205
31 years$4,443$3,145$2,181$1,487$999$173
32 years$4,257$2,976$2,035$1,366$904$146
33 years$4,083$2,818$1,900$1,256$818$123
34 years$3,920$2,671$1,775$1,156$741$104
35 years$3,766$2,534$1,660$1,064$671$88
36 years$3,621$2,405$1,553$980$608$74
37 years$3,484$2,284$1,453$903$551$63
38 years$3,355$2,171$1,361$832$499$53
39 years$3,233$2,064$1,275$767$453$45
40 years$3,117$1,964$1,195$708$411$38
41 years$3,007$1,869$1,121$653$373$32
42 years$2,903$1,780$1,051$603$338$27
43 years$2,803$1,696$986$556$307$23
44 years$2,709$1,617$926$514$279$19
45 years$2,619$1,542$869$474$253$16
46 years$2,533$1,471$817$438$230$14
47 years$2,451$1,404$767$405$209$12
48 years$2,373$1,340$721$374$189$10
49 years$2,298$1,280$678$346$172$8
50 years$2,226$1,222$637$320$156$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,280,000, adding $3,670 every year, while hoping to spend $31,277 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: 69/11/20 Blend
59$2,280,000$2,280,000$2,280,000$2,280,000
60$2,516,346$2,395,506$2,360,166$2,677,330
61$2,739,734$2,479,607$2,405,953$2,869,416
62$2,984,861$2,566,781$2,452,225$3,075,515
63$3,253,908$2,657,145$2,498,967$3,300,271
64$3,549,283$2,750,822$2,546,159$3,545,525
65$3,873,637$2,847,938$2,593,781$3,813,301
66$4,229,887$2,948,627$2,641,812$4,105,831
67$4,621,251$3,053,024$2,690,228$4,425,571
68$5,051,271$3,161,275$2,739,004$4,775,227
69$5,523,850$3,273,528$2,788,110$5,157,778
70$6,043,290$3,389,937$2,837,519$5,576,505
71$6,614,326$3,510,665$2,887,196$6,035,023
72$7,242,179$3,635,879$2,937,109$6,537,313
73$7,932,598$3,765,754$2,987,219$7,087,760
74$8,691,919$3,900,473$3,037,487$7,691,193
75$9,527,123$4,040,223$3,087,870$8,352,934
76$10,445,898$4,185,203$3,138,323$9,078,844
77$11,456,719$4,335,618$3,188,796$9,875,379
78$12,568,923$4,491,681$3,239,239$10,749,653
79$13,792,795$4,653,615$3,289,596$11,709,502
80$15,139,670$4,821,652$3,339,807$12,763,558
81$16,622,037$4,996,034$3,389,811$13,921,334
82$18,253,655$5,177,010$3,439,541$15,193,307
83$20,049,689$5,364,844$3,488,926$16,591,022
84$22,026,843$5,559,808$3,537,891$18,127,200
85$24,203,529$5,762,186$3,586,358$19,815,855
86$26,600,029$5,972,274$3,634,241$21,672,428
87$29,238,697$6,190,380$3,681,453$23,713,931
88$32,144,160$6,416,825$3,727,898$25,959,111
89$35,343,559$6,651,944$3,773,477$28,428,622
90$38,866,799$6,896,086$3,818,086$31,145,221
91$42,746,832$7,149,614$3,861,611$34,133,984
92$47,019,971$7,412,907$3,903,937$37,422,543
93$51,726,228$7,686,359$3,944,939$41,041,342
94$56,909,696$7,970,383$3,984,487$45,023,928
95$62,618,960$8,265,407$4,022,442$49,407,266
96$68,907,559$8,571,877$4,058,659$54,232,090
97$75,834,492$8,890,261$4,092,987$59,543,281
98$83,464,771$9,221,045$4,125,262$65,390,297
99$91,870,036$9,564,734$4,155,316$71,827,635
100$101,129,231$9,921,857$4,182,971$78,915,347