Can I retire at age 60 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$199,016$197,243$195,513$193,825$192,177$185,728
2 years$98,523$96,688$94,909$93,185$91,513$85,079
3 years$65,029$63,186$61,413$59,705$58,059$51,843
4 years$48,286$46,449$44,693$43,014$41,408$35,457
5 years$38,243$36,416$34,683$33,039$31,478$25,808
6 years$31,549$29,737$28,029$26,421$24,908$19,522
7 years$26,770$24,973$23,292$21,722$20,256$15,156
8 years$23,187$21,406$19,754$18,222$16,805$11,985
9 years$20,402$18,638$17,014$15,521$14,152$9,607
10 years$18,175$16,429$14,833$13,380$12,058$7,780
11 years$16,355$14,625$13,059$11,644$10,370$6,352
12 years$14,839$13,127$11,589$10,214$8,987$5,218
13 years$13,557$11,863$10,354$9,017$7,837$4,309
14 years$12,459$10,783$9,303$8,004$6,870$3,572
15 years$11,508$9,851$8,400$7,138$6,049$2,971
16 years$10,677$9,038$7,616$6,392$5,346$2,478
17 years$9,945$8,323$6,930$5,743$4,740$2,071
18 years$9,294$7,691$6,326$5,176$4,214$1,735
19 years$8,713$7,128$5,791$4,677$3,756$1,455
20 years$8,191$6,624$5,315$4,236$3,355$1,222
21 years$7,719$6,170$4,889$3,844$3,003$1,027
22 years$7,290$5,759$4,506$3,495$2,691$864
23 years$6,899$5,387$4,160$3,183$2,416$728
24 years$6,542$5,047$3,848$2,903$2,172$613
25 years$6,213$4,736$3,564$2,651$1,954$517
26 years$5,911$4,451$3,305$2,424$1,760$436
27 years$5,631$4,189$3,069$2,219$1,587$368
28 years$5,371$3,947$2,853$2,033$1,432$310
29 years$5,130$3,724$2,655$1,864$1,293$262
30 years$4,906$3,517$2,473$1,711$1,168$221
31 years$4,696$3,325$2,306$1,571$1,056$187
32 years$4,500$3,146$2,151$1,444$955$158
33 years$4,316$2,979$2,008$1,328$865$133
34 years$4,143$2,823$1,877$1,222$783$113
35 years$3,981$2,678$1,755$1,125$709$95
36 years$3,828$2,542$1,641$1,036$642$80
37 years$3,683$2,414$1,536$954$582$68
38 years$3,547$2,294$1,439$880$528$57
39 years$3,417$2,182$1,348$811$479$48
40 years$3,295$2,076$1,263$748$434$41
41 years$3,179$1,976$1,185$690$394$35
42 years$3,068$1,882$1,111$637$357$29
43 years$2,963$1,793$1,043$588$324$25
44 years$2,863$1,709$979$543$294$21
45 years$2,768$1,630$919$501$267$18
46 years$2,677$1,555$863$463$243$15
47 years$2,591$1,484$811$428$220$13
48 years$2,508$1,416$762$395$200$11
49 years$2,429$1,353$716$365$182$9
50 years$2,353$1,292$673$338$165$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,410,000, adding $6,410 every year, while hoping to spend $46,917 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: 56/22/22 Blend
59$2,410,000$2,410,000$2,410,000$2,410,000
60$2,662,432$2,534,702$2,497,347$2,795,323
61$2,884,081$2,608,983$2,531,089$2,961,176
62$3,126,765$2,685,331$2,564,388$3,136,251
63$3,392,581$2,763,799$2,597,182$3,325,978
64$3,683,838$2,844,438$2,629,400$3,531,780
65$4,003,077$2,927,303$2,660,973$3,755,221
66$4,353,098$3,012,448$2,691,822$3,998,024
67$4,736,985$3,099,929$2,721,869$4,262,087
68$5,158,134$3,189,802$2,751,029$4,549,500
69$5,620,287$3,282,126$2,779,212$4,862,565
70$6,127,564$3,376,958$2,806,323$5,203,818
71$6,684,505$3,474,358$2,832,264$5,576,049
72$7,296,109$3,574,387$2,856,930$5,982,337
73$7,967,885$3,677,105$2,880,210$6,426,069
74$8,705,901$3,782,575$2,901,989$6,910,977
75$9,516,842$3,890,859$2,922,144$7,441,174
76$10,408,071$4,002,022$2,940,547$8,021,190
77$11,387,701$4,116,128$2,957,062$8,656,017
78$12,464,671$4,233,243$2,971,548$9,351,152
79$13,648,827$4,353,432$2,983,855$10,112,655
80$14,951,020$4,476,762$2,993,826$10,947,200
81$16,383,201$4,603,301$3,001,297$11,862,143
82$17,958,541$4,733,116$3,006,094$12,865,586
83$19,691,550$4,866,277$3,008,036$13,966,460
84$21,598,215$5,002,851$3,006,932$15,174,602
85$23,696,150$5,142,908$3,002,581$16,500,855
86$26,004,765$5,286,518$2,994,775$17,957,164
87$28,545,444$5,433,750$2,983,293$19,556,692
88$31,341,750$5,584,675$2,967,905$21,313,946
89$34,419,647$5,739,363$2,948,368$23,244,907
90$37,807,742$5,897,882$2,924,429$25,367,191
91$41,537,557$6,060,304$2,895,823$27,700,205
92$45,643,827$6,226,698$2,862,272$30,265,338
93$50,164,823$6,397,132$2,823,484$33,086,158
94$55,142,719$6,571,675$2,779,154$36,188,638
95$60,623,984$6,750,395$2,728,964$39,601,399
96$66,659,824$6,933,358$2,672,578$43,355,980
97$73,306,664$7,120,631$2,609,648$47,487,139
98$80,626,680$7,312,278$2,539,806$52,033,177
99$88,688,383$7,508,361$2,462,672$57,036,302
100$97,567,270$7,708,943$2,377,843$62,543,028