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%12.7%
1 years$206,448$204,609$202,815$201,063$199,354$197,108
2 years$102,202$100,298$98,454$96,665$94,930$92,669
3 years$67,458$65,546$63,706$61,934$60,228$58,022
4 years$50,089$48,183$46,362$44,620$42,955$40,821
5 years$39,671$37,776$35,979$34,273$32,654$30,598
6 years$32,727$30,847$29,076$27,408$25,838$23,863
7 years$27,770$25,905$24,162$22,534$21,013$19,120
8 years$24,053$22,206$20,492$18,903$17,432$15,621
9 years$21,164$19,334$17,649$16,101$14,680$12,950
10 years$18,854$17,042$15,387$13,879$12,509$10,858
11 years$16,965$15,172$13,547$12,079$10,758$9,185
12 years$15,393$13,617$12,022$10,595$9,322$7,827
13 years$14,063$12,306$10,741$9,354$8,129$6,708
14 years$12,924$11,186$9,651$8,303$7,126$5,778
15 years$11,938$10,218$8,713$7,405$6,274$4,997
16 years$11,076$9,375$7,900$6,630$5,545$4,336
17 years$10,316$8,634$7,189$5,957$4,917$3,774
18 years$9,642$7,978$6,562$5,369$4,372$3,293
19 years$9,039$7,394$6,008$4,851$3,897$2,879
20 years$8,497$6,871$5,513$4,394$3,481$2,522
21 years$8,007$6,400$5,071$3,988$3,115$2,213
22 years$7,562$5,974$4,674$3,626$2,792$1,944
23 years$7,157$5,588$4,316$3,302$2,506$1,710
24 years$6,786$5,235$3,991$3,012$2,253$1,506
25 years$6,445$4,913$3,697$2,750$2,027$1,327
26 years$6,131$4,617$3,428$2,515$1,826$1,170
27 years$5,841$4,346$3,184$2,302$1,646$1,033
28 years$5,572$4,095$2,960$2,109$1,485$912
29 years$5,322$3,863$2,754$1,934$1,341$806
30 years$5,089$3,648$2,565$1,775$1,212$713
31 years$4,871$3,449$2,392$1,630$1,096$630
32 years$4,668$3,263$2,231$1,498$991$558
33 years$4,477$3,090$2,084$1,378$897$494
34 years$4,298$2,929$1,947$1,268$812$437
35 years$4,129$2,778$1,820$1,167$736$387
36 years$3,971$2,637$1,703$1,075$666$343
37 years$3,821$2,504$1,594$990$604$304
38 years$3,679$2,380$1,492$913$548$269
39 years$3,545$2,263$1,398$841$497$239
40 years$3,418$2,153$1,310$776$450$211
41 years$3,297$2,050$1,229$716$409$187
42 years$3,183$1,952$1,153$661$371$166
43 years$3,074$1,860$1,082$610$337$147
44 years$2,970$1,773$1,015$563$305$131
45 years$2,872$1,691$953$520$277$116
46 years$2,777$1,613$895$481$252$103
47 years$2,688$1,539$841$444$229$91
48 years$2,602$1,469$791$410$208$81
49 years$2,519$1,403$743$379$189$72
50 years$2,441$1,340$699$350$171$64

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 $5,574 every year, while hoping to spend $25,662 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: 75/15/10 Blend
59$2,500,000$2,500,000$2,500,000$2,500,000
60$2,760,750$2,628,250$2,589,500$2,962,438
61$3,015,042$2,729,730$2,648,944$3,197,604
62$3,294,412$2,835,322$2,709,519$3,451,454
63$3,601,390$2,945,202$2,771,236$3,728,917
64$3,938,766$3,059,550$2,834,106$4,032,328
65$4,309,609$3,178,557$2,898,138$4,364,256
66$4,717,305$3,302,422$2,963,342$4,727,531
67$5,165,582$3,431,353$3,029,725$5,125,267
68$5,658,547$3,565,564$3,097,297$5,560,894
69$6,200,725$3,705,284$3,166,063$6,038,190
70$6,797,104$3,850,747$3,236,031$6,561,313
71$7,453,176$4,002,202$3,307,205$7,134,843
72$8,174,995$4,159,904$3,379,591$7,763,824
73$8,969,229$4,324,125$3,453,193$8,453,811
74$9,843,228$4,495,144$3,528,012$9,210,922
75$10,805,087$4,673,256$3,604,050$10,041,895
76$11,863,728$4,858,767$3,681,308$10,954,153
77$13,028,981$5,052,000$3,759,784$11,955,870
78$14,311,677$5,253,288$3,839,477$13,056,050
79$15,723,751$5,462,982$3,920,382$14,264,613
80$17,278,353$5,681,447$4,002,495$15,592,485
81$18,989,975$5,909,067$4,085,808$17,051,701
82$20,874,582$6,146,242$4,170,312$18,655,522
83$22,949,770$6,393,388$4,255,998$20,418,552
84$25,234,925$6,650,943$4,342,853$22,356,884
85$27,751,411$6,919,362$4,430,862$24,488,244
86$30,522,768$7,199,124$4,520,009$26,832,162
87$33,574,936$7,490,726$4,610,274$29,410,155
88$36,936,498$7,794,691$4,701,637$32,245,925
89$40,638,953$8,111,563$4,794,074$35,365,590
90$44,717,008$8,441,912$4,887,558$38,797,924
91$49,208,911$8,786,334$4,982,060$42,574,628
92$54,156,808$9,145,451$5,077,546$46,730,630
93$59,607,140$9,519,916$5,173,981$51,304,414
94$65,611,086$9,910,410$5,271,327$56,338,383
95$72,225,040$10,317,644$5,369,541$61,879,254
96$79,511,150$10,742,364$5,468,576$67,978,503
97$87,537,896$11,185,348$5,568,382$74,692,849
98$96,380,743$11,647,412$5,668,904$82,084,786
99$106,122,851$12,129,407$5,770,085$90,223,174
100$116,855,859$12,632,226$5,871,860$99,183,885