Can I retire at age 60 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$190,758$189,058$187,401$185,783$184,203$181,375
2 years$94,434$92,676$90,971$89,319$87,716$84,874
3 years$62,331$60,565$58,864$57,227$55,650$52,883
4 years$46,282$44,521$42,838$41,229$39,690$37,018
5 years$36,656$34,905$33,244$31,668$30,172$27,603
6 years$30,240$28,503$26,866$25,325$23,874$21,411
7 years$25,659$23,937$22,326$20,821$19,416$17,060
8 years$22,225$20,518$18,934$17,466$16,107$13,858
9 years$19,556$17,865$16,308$14,877$13,565$11,421
10 years$17,421$15,747$14,218$12,824$11,558$9,518
11 years$15,676$14,019$12,517$11,161$9,940$8,001
12 years$14,223$12,582$11,109$9,790$8,614$6,774
13 years$12,994$11,371$9,925$8,643$7,512$5,769
14 years$11,942$10,336$8,917$7,672$6,585$4,936
15 years$11,031$9,442$8,051$6,842$5,798$4,239
16 years$10,234$8,663$7,300$6,127$5,124$3,653
17 years$9,532$7,978$6,642$5,505$4,543$3,157
18 years$8,909$7,372$6,064$4,961$4,040$2,735
19 years$8,352$6,832$5,551$4,482$3,601$2,374
20 years$7,851$6,349$5,094$4,060$3,216$2,064
21 years$7,398$5,914$4,686$3,684$2,878$1,797
22 years$6,988$5,520$4,319$3,350$2,580$1,567
23 years$6,613$5,163$3,988$3,051$2,316$1,368
24 years$6,270$4,837$3,688$2,783$2,081$1,195
25 years$5,956$4,540$3,416$2,541$1,873$1,045
26 years$5,665$4,267$3,168$2,324$1,687$915
27 years$5,397$4,015$2,942$2,127$1,521$801
28 years$5,148$3,784$2,735$1,949$1,372$702
29 years$4,917$3,569$2,545$1,787$1,239$615
30 years$4,702$3,371$2,370$1,640$1,120$539
31 years$4,501$3,187$2,210$1,506$1,012$473
32 years$4,313$3,015$2,062$1,384$916$415
33 years$4,137$2,855$1,925$1,273$829$364
34 years$3,971$2,706$1,799$1,171$750$320
35 years$3,816$2,567$1,682$1,078$680$281
36 years$3,669$2,436$1,573$993$616$247
37 years$3,530$2,314$1,472$915$558$217
38 years$3,399$2,199$1,379$843$506$190
39 years$3,276$2,091$1,292$778$459$167
40 years$3,158$1,990$1,211$717$416$147
41 years$3,047$1,894$1,135$662$378$129
42 years$2,941$1,804$1,065$611$343$114
43 years$2,840$1,719$999$564$311$100
44 years$2,745$1,638$938$520$282$88
45 years$2,653$1,562$881$481$256$77
46 years$2,566$1,490$827$444$233$68
47 years$2,483$1,422$777$410$211$60
48 years$2,404$1,358$730$379$192$52
49 years$2,328$1,296$687$350$174$46
50 years$2,255$1,238$645$324$158$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,310,000, adding $3,382 every year, while hoping to spend $35,469 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: 48/28/24 Blend
59$2,310,000$2,310,000$2,310,000$2,310,000
60$2,549,109$2,426,679$2,390,874$2,653,926
61$2,771,379$2,507,847$2,433,229$2,808,760
62$3,015,132$2,591,804$2,475,815$2,973,003
63$3,282,522$2,678,649$2,518,601$3,150,649
64$3,575,920$2,768,484$2,561,555$3,342,975
65$3,897,941$2,861,416$2,604,644$3,551,387
66$4,251,462$2,957,557$2,647,831$3,777,431
67$4,639,654$3,057,020$2,691,076$4,022,808
68$5,066,009$3,159,925$2,734,338$4,289,391
69$5,534,376$3,266,395$2,777,572$4,579,239
70$6,048,993$3,376,559$2,820,731$4,894,620
71$6,614,529$3,490,549$2,863,764$5,238,033
72$7,236,129$3,608,503$2,906,618$5,612,224
73$7,919,460$3,730,566$2,949,236$6,020,220
74$8,670,766$3,856,884$2,991,556$6,465,352
75$9,496,925$3,987,614$3,033,515$6,951,289
76$10,405,519$4,122,913$3,075,044$7,482,069
77$11,404,895$4,262,950$3,116,072$8,062,141
78$12,504,256$4,407,896$3,156,522$8,696,404
79$13,713,737$4,557,930$3,196,312$9,390,251
80$15,044,508$4,713,238$3,235,359$10,149,625
81$16,508,874$4,874,013$3,273,570$10,981,068
82$18,120,396$5,040,456$3,310,850$11,891,790
83$19,894,012$5,212,775$3,347,100$12,889,728
84$21,846,186$5,391,185$3,382,212$13,983,628
85$23,995,055$5,575,911$3,416,074$15,183,122
86$26,360,606$5,767,187$3,448,569$16,498,822
87$28,964,863$5,965,253$3,479,570$17,942,418
88$31,832,091$6,170,363$3,508,948$19,526,787
89$34,989,029$6,382,776$3,536,563$21,266,115
90$38,465,143$6,602,765$3,562,271$23,176,032
91$42,292,898$6,830,611$3,585,917$25,273,757
92$46,508,070$7,066,607$3,607,342$27,578,258
93$51,150,080$7,311,058$3,626,375$30,110,437
94$56,262,369$7,564,279$3,642,839$32,893,319
95$61,892,802$7,826,601$3,656,545$35,952,276
96$68,094,127$8,098,364$3,667,299$39,315,260
97$74,924,468$8,379,924$3,674,893$43,013,069
98$82,447,873$8,671,649$3,679,111$47,079,638
99$90,734,920$8,973,923$3,679,726$51,552,356
100$99,863,382$9,287,147$3,676,497$56,472,420