Can I retire at age 60 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$189,106$187,422$185,778$184,174$182,608$179,657
2 years$93,617$91,873$90,184$88,545$86,956$83,991
3 years$61,791$60,040$58,355$56,732$55,169$52,282
4 years$45,882$44,136$42,467$40,872$39,347$36,560
5 years$36,338$34,603$32,956$31,394$29,911$27,233
6 years$29,978$28,256$26,634$25,106$23,667$21,101
7 years$25,437$23,729$22,133$20,641$19,248$16,794
8 years$22,033$20,340$18,770$17,315$15,968$13,626
9 years$19,386$17,710$16,167$14,749$13,447$11,217
10 years$17,270$15,611$14,095$12,713$11,458$9,336
11 years$15,540$13,897$12,409$11,065$9,854$7,839
12 years$14,100$12,473$11,012$9,705$8,539$6,628
13 years$12,882$11,272$9,839$8,568$7,446$5,637
14 years$11,838$10,246$8,840$7,606$6,528$4,816
15 years$10,935$9,360$7,982$6,783$5,747$4,131
16 years$10,146$8,588$7,236$6,073$5,080$3,555
17 years$9,450$7,909$6,585$5,457$4,504$3,068
18 years$8,832$7,308$6,011$4,918$4,005$2,654
19 years$8,279$6,773$5,503$4,444$3,569$2,300
20 years$7,783$6,294$5,050$4,025$3,188$1,997
21 years$7,334$5,863$4,645$3,653$2,853$1,736
22 years$6,927$5,472$4,281$3,321$2,557$1,512
23 years$6,556$5,118$3,953$3,025$2,296$1,317
24 years$6,216$4,796$3,656$2,759$2,063$1,149
25 years$5,904$4,500$3,386$2,519$1,857$1,003
26 years$5,616$4,230$3,140$2,303$1,673$877
27 years$5,350$3,981$2,916$2,108$1,508$766
28 years$5,104$3,751$2,711$1,932$1,361$670
29 years$4,875$3,539$2,523$1,771$1,229$587
30 years$4,661$3,342$2,350$1,626$1,110$514
31 years$4,462$3,159$2,191$1,493$1,004$450
32 years$4,276$2,989$2,044$1,372$908$394
33 years$4,101$2,831$1,908$1,262$822$345
34 years$3,937$2,683$1,783$1,161$744$303
35 years$3,783$2,545$1,667$1,069$674$265
36 years$3,637$2,415$1,560$984$610$233
37 years$3,500$2,294$1,460$907$553$204
38 years$3,370$2,180$1,367$836$502$179
39 years$3,247$2,073$1,281$771$455$157
40 years$3,131$1,972$1,200$711$413$138
41 years$3,020$1,877$1,126$656$374$121
42 years$2,916$1,788$1,056$605$340$106
43 years$2,816$1,704$991$559$308$93
44 years$2,721$1,624$930$516$280$82
45 years$2,630$1,549$873$477$254$72
46 years$2,544$1,477$820$440$231$63
47 years$2,462$1,410$771$407$209$55
48 years$2,383$1,346$724$376$190$48
49 years$2,308$1,285$681$347$173$43
50 years$2,236$1,228$640$321$157$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,290,000, adding $5,595 every year, while hoping to spend $30,239 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: 67/14/19 Blend
59$2,290,000$2,290,000$2,290,000$2,290,000
60$2,529,351$2,407,981$2,372,486$2,686,560
61$2,755,171$2,493,798$2,419,790$2,878,279
62$3,003,011$2,582,807$2,467,666$3,083,824
63$3,275,085$2,675,131$2,516,100$3,307,862
64$3,573,832$2,770,902$2,565,078$3,552,210
65$3,901,940$2,870,252$2,614,584$3,818,867
66$4,262,367$2,973,324$2,664,602$4,110,037
67$4,658,374$3,080,262$2,715,112$4,428,145
68$5,093,553$3,191,220$2,766,093$4,775,861
69$5,571,861$3,306,355$2,817,522$5,156,125
70$6,097,657$3,425,833$2,869,376$5,572,176
71$6,675,745$3,549,826$2,921,627$6,027,581
72$7,311,416$3,678,512$2,974,247$6,526,266
73$8,010,500$3,812,079$3,027,203$7,072,558
74$8,779,420$3,950,719$3,080,463$7,671,222
75$9,625,253$4,094,637$3,133,991$8,327,505
76$10,555,796$4,244,042$3,187,748$9,047,187
77$11,579,641$4,399,154$3,241,691$9,836,637
78$12,706,253$4,560,201$3,295,777$10,702,868
79$13,946,063$4,727,423$3,349,957$11,653,606
80$15,310,563$4,901,068$3,404,182$12,697,365
81$16,812,414$5,081,394$3,458,396$13,843,519
82$18,465,570$5,268,672$3,512,541$15,102,399
83$20,285,403$5,463,182$3,566,557$16,485,387
84$22,288,855$5,665,219$3,620,377$18,005,018
85$24,494,590$5,875,086$3,673,932$19,675,107
86$26,923,177$6,093,104$3,727,147$21,510,871
87$29,597,279$6,319,605$3,779,945$23,529,079
88$32,541,870$6,554,933$3,832,241$25,748,203
89$35,784,467$6,799,452$3,883,948$28,188,596
90$39,355,394$7,053,536$3,934,971$30,872,686
91$43,288,065$7,317,580$3,985,213$33,825,180
92$47,619,298$7,591,991$4,034,568$37,073,304
93$52,389,666$7,877,199$4,082,926$40,647,055
94$57,643,877$8,173,647$4,130,169$44,579,485
95$63,431,198$8,481,801$4,176,175$48,907,015
96$69,805,916$8,802,145$4,220,813$53,669,773
97$76,827,854$9,135,185$4,263,945$58,911,976
98$84,562,935$9,481,449$4,305,427$64,682,346
99$93,083,801$9,841,487$4,345,106$71,034,569
100$102,470,503$10,215,873$4,382,821$78,027,803