Can I retire at age 60 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$206,448$204,609$202,815$201,063$199,354$197,931
2 years$102,202$100,298$98,454$96,665$94,930$93,496
3 years$67,458$65,546$63,706$61,934$60,228$58,826
4 years$50,089$48,183$46,362$44,620$42,955$41,597
5 years$39,671$37,776$35,979$34,273$32,654$31,343
6 years$32,727$30,847$29,076$27,408$25,838$24,576
7 years$27,770$25,905$24,162$22,534$21,013$19,801
8 years$24,053$22,206$20,492$18,903$17,432$16,269
9 years$21,164$19,334$17,649$16,101$14,680$13,567
10 years$18,854$17,042$15,387$13,879$12,509$11,444
11 years$16,965$15,172$13,547$12,079$10,758$9,741
12 years$15,393$13,617$12,022$10,595$9,322$8,353
13 years$14,063$12,306$10,741$9,354$8,129$7,205
14 years$12,924$11,186$9,651$8,303$7,126$6,247
15 years$11,938$10,218$8,713$7,405$6,274$5,439
16 years$11,076$9,375$7,900$6,630$5,545$4,752
17 years$10,316$8,634$7,189$5,957$4,917$4,165
18 years$9,642$7,978$6,562$5,369$4,372$3,660
19 years$9,039$7,394$6,008$4,851$3,897$3,223
20 years$8,497$6,871$5,513$4,394$3,481$2,844
21 years$8,007$6,400$5,071$3,988$3,115$2,514
22 years$7,562$5,974$4,674$3,626$2,792$2,225
23 years$7,157$5,588$4,316$3,302$2,506$1,972
24 years$6,786$5,235$3,991$3,012$2,253$1,750
25 years$6,445$4,913$3,697$2,750$2,027$1,554
26 years$6,131$4,617$3,428$2,515$1,826$1,382
27 years$5,841$4,346$3,184$2,302$1,646$1,230
28 years$5,572$4,095$2,960$2,109$1,485$1,095
29 years$5,322$3,863$2,754$1,934$1,341$975
30 years$5,089$3,648$2,565$1,775$1,212$869
31 years$4,871$3,449$2,392$1,630$1,096$775
32 years$4,668$3,263$2,231$1,498$991$691
33 years$4,477$3,090$2,084$1,378$897$617
34 years$4,298$2,929$1,947$1,268$812$551
35 years$4,129$2,778$1,820$1,167$736$492
36 years$3,971$2,637$1,703$1,075$666$439
37 years$3,821$2,504$1,594$990$604$393
38 years$3,679$2,380$1,492$913$548$351
39 years$3,545$2,263$1,398$841$497$314
40 years$3,418$2,153$1,310$776$450$280
41 years$3,297$2,050$1,229$716$409$251
42 years$3,183$1,952$1,153$661$371$224
43 years$3,074$1,860$1,082$610$337$201
44 years$2,970$1,773$1,015$563$305$179
45 years$2,872$1,691$953$520$277$160
46 years$2,777$1,613$895$481$252$144
47 years$2,688$1,539$841$444$229$128
48 years$2,602$1,469$791$410$208$115
49 years$2,519$1,403$743$379$189$103
50 years$2,441$1,340$699$350$171$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,500,000, adding $6,601 every year, while hoping to spend $27,698 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: 56/15/29 Blend
59$2,500,000$2,500,000$2,500,000$2,500,000
60$2,761,809$2,629,309$2,590,559$2,894,014
61$3,014,043$2,728,675$2,647,872$3,085,176
62$3,291,077$2,831,981$2,706,177$3,289,938
63$3,595,410$2,939,392$2,765,478$3,512,494
64$3,929,798$3,051,078$2,825,777$3,754,571
65$4,297,274$3,167,218$2,887,078$4,018,071
66$4,701,182$3,287,997$2,949,381$4,305,087
67$5,145,205$3,413,611$3,012,687$4,617,922
68$5,633,400$3,544,262$3,076,996$4,959,112
69$6,170,237$3,680,162$3,142,306$5,331,449
70$6,760,642$3,821,531$3,208,614$5,738,006
71$7,410,042$3,968,599$3,275,917$6,182,167
72$8,124,414$4,121,608$3,344,208$6,667,657
73$8,910,346$4,280,809$3,413,480$7,198,581
74$9,775,096$4,446,464$3,483,727$7,779,456
75$10,726,662$4,618,846$3,554,938$8,415,256
76$11,773,854$4,798,242$3,627,101$9,111,462
77$12,926,381$4,984,951$3,700,203$9,874,108
78$14,194,942$5,179,283$3,774,230$10,709,840
79$15,591,323$5,381,565$3,849,164$11,625,979
80$17,128,513$5,592,136$3,924,985$12,630,588
81$18,820,822$5,811,352$4,001,673$13,732,549
82$20,684,021$6,039,583$4,079,204$14,941,643
83$22,735,486$6,277,217$4,157,552$16,268,649
84$24,994,363$6,524,659$4,236,688$17,725,437
85$27,481,751$6,782,330$4,316,580$19,325,084
86$30,220,899$7,050,674$4,397,195$21,081,997
87$33,237,424$7,330,150$4,478,494$23,012,047
88$36,559,556$7,621,242$4,560,438$25,132,718
89$40,218,400$7,924,452$4,642,982$27,463,273
90$44,248,234$8,240,308$4,726,080$30,024,934
91$48,686,829$8,569,358$4,809,679$32,841,081
92$53,575,807$8,912,178$4,893,724$35,937,474
93$58,961,033$9,269,368$4,978,158$39,342,495
94$64,893,048$9,641,557$5,062,915$43,087,412
95$71,427,544$10,029,399$5,147,929$47,206,679
96$78,625,895$10,433,580$5,233,125$51,738,256
97$86,555,729$10,854,818$5,318,427$56,723,967
98$95,291,570$11,293,861$5,403,752$62,209,896
99$104,915,543$11,751,493$5,489,010$68,246,820
100$115,518,144$12,228,532$5,574,108$74,890,689