Can I retire at age 60 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$202,319$200,517$198,758$197,042$195,366$191,187
2 years$100,158$98,292$96,485$94,732$93,032$88,842
3 years$66,109$64,235$62,432$60,696$59,023$54,953
4 years$49,087$47,220$45,434$43,728$42,096$38,177
5 years$38,877$37,021$35,259$33,587$32,001$28,244
6 years$32,073$30,230$28,495$26,860$25,321$21,731
7 years$27,214$25,387$23,679$22,083$20,593$17,169
8 years$23,572$21,762$20,082$18,525$17,084$13,826
9 years$20,741$18,947$17,296$15,779$14,387$11,293
10 years$18,477$16,701$15,079$13,602$12,258$9,325
11 years$16,626$14,868$13,276$11,838$10,543$7,766
12 years$15,085$13,345$11,782$10,383$9,136$6,511
13 years$13,782$12,060$10,526$9,167$7,967$5,490
14 years$12,666$10,962$9,458$8,137$6,984$4,650
15 years$11,699$10,014$8,539$7,257$6,149$3,953
16 years$10,854$9,188$7,742$6,498$5,434$3,371
17 years$10,110$8,462$7,045$5,838$4,819$2,882
18 years$9,449$7,819$6,431$5,261$4,284$2,469
19 years$8,858$7,246$5,887$4,754$3,819$2,120
20 years$8,327$6,734$5,403$4,306$3,411$1,823
21 years$7,847$6,272$4,970$3,908$3,052$1,569
22 years$7,411$5,855$4,580$3,553$2,736$1,352
23 years$7,014$5,476$4,229$3,236$2,456$1,167
24 years$6,650$5,131$3,911$2,951$2,208$1,007
25 years$6,316$4,815$3,623$2,695$1,987$871
26 years$6,009$4,525$3,360$2,464$1,789$753
27 years$5,724$4,259$3,120$2,256$1,613$651
28 years$5,461$4,013$2,900$2,067$1,456$564
29 years$5,215$3,786$2,699$1,895$1,314$488
30 years$4,987$3,575$2,514$1,739$1,188$423
31 years$4,774$3,380$2,344$1,597$1,074$366
32 years$4,575$3,198$2,187$1,468$971$317
33 years$4,388$3,029$2,042$1,350$879$275
34 years$4,212$2,870$1,908$1,242$796$238
35 years$4,047$2,722$1,784$1,143$721$207
36 years$3,891$2,584$1,669$1,053$653$179
37 years$3,744$2,454$1,562$970$592$156
38 years$3,605$2,332$1,462$894$537$135
39 years$3,474$2,218$1,370$825$487$117
40 years$3,350$2,110$1,284$761$441$102
41 years$3,231$2,009$1,204$702$400$88
42 years$3,119$1,913$1,130$648$363$76
43 years$3,013$1,823$1,060$598$330$66
44 years$2,911$1,737$995$552$299$58
45 years$2,814$1,657$934$510$272$50
46 years$2,722$1,580$877$471$247$43
47 years$2,634$1,508$824$435$224$38
48 years$2,550$1,440$775$402$203$33
49 years$2,469$1,375$728$372$185$28
50 years$2,392$1,313$685$343$168$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,450,000, adding $5,681 every year, while hoping to spend $36,132 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: 43/32/25 Blend
59$2,450,000$2,450,000$2,450,000$2,450,000
60$2,705,760$2,575,910$2,537,935$2,802,174
61$2,943,303$2,663,685$2,584,512$2,959,244
62$3,203,865$2,754,551$2,631,438$3,125,422
63$3,489,755$2,848,619$2,678,686$3,304,764
64$3,803,517$2,946,009$2,726,230$3,498,506
65$4,147,954$3,046,842$2,774,036$3,708,011
66$4,526,153$3,151,244$2,822,074$3,934,775
67$4,941,513$3,259,348$2,870,306$4,180,444
68$5,397,782$3,371,291$2,918,696$4,446,830
69$5,899,086$3,487,214$2,967,202$4,735,926
70$6,449,970$3,607,265$3,015,781$5,049,924
71$7,055,444$3,731,598$3,064,387$5,391,237
72$7,721,025$3,860,372$3,112,969$5,762,520
73$8,452,792$3,993,752$3,161,476$6,166,697
74$9,257,442$4,131,911$3,209,851$6,606,984
75$10,142,354$4,275,028$3,258,034$7,086,922
76$11,115,657$4,423,287$3,305,961$7,610,410
77$12,186,309$4,576,884$3,353,566$8,181,739
78$13,364,179$4,736,017$3,400,777$8,805,635
79$14,660,139$4,900,896$3,447,517$9,487,302
80$16,086,172$5,071,738$3,493,707$10,232,467
81$17,655,476$5,248,768$3,539,261$11,047,442
82$19,382,598$5,432,221$3,584,089$11,939,173
83$21,283,563$5,622,340$3,628,097$12,915,312
84$23,376,031$5,819,380$3,671,183$13,984,286
85$25,679,460$6,023,602$3,713,240$15,155,376
86$28,215,289$6,235,283$3,754,158$16,438,806
87$31,007,143$6,454,706$3,793,817$17,845,836
88$34,081,054$6,682,169$3,832,092$19,388,867
89$37,465,705$6,917,980$3,868,852$21,081,563
90$41,192,706$7,162,460$3,903,957$22,938,973
91$45,296,884$7,415,942$3,937,261$24,977,675
92$49,816,617$7,678,775$3,968,611$27,215,932
93$54,794,196$7,951,318$3,997,843$29,673,863
94$60,276,221$8,233,950$4,024,788$32,373,633
95$66,314,043$8,527,060$4,049,265$35,339,659
96$72,964,246$8,831,057$4,071,086$38,598,844
97$80,289,184$9,146,364$4,090,053$42,180,826
98$88,357,568$9,473,423$4,105,956$46,118,257
99$97,245,111$9,812,692$4,118,577$50,447,115
100$107,035,249$10,164,650$4,127,686$55,207,035