Can I retire at age 60 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$207,273$205,427$203,626$201,868$200,151$195,312
2 years$102,611$100,700$98,848$97,052$95,310$90,464
3 years$67,728$65,808$63,961$62,182$60,469$55,767
4 years$50,289$48,376$46,547$44,799$43,127$38,606
5 years$39,829$37,927$36,122$34,410$32,784$28,456
6 years$32,858$30,971$29,192$27,518$25,941$21,811
7 years$27,881$26,009$24,259$22,624$21,097$17,165
8 years$24,149$22,295$20,574$18,979$17,502$13,766
9 years$21,249$19,411$17,720$16,166$14,739$11,197
10 years$18,930$17,110$15,449$13,935$12,559$9,205
11 years$17,033$15,232$13,601$12,127$10,801$7,632
12 years$15,454$13,672$12,070$10,637$9,360$6,370
13 years$14,119$12,355$10,784$9,391$8,162$5,346
14 years$12,976$11,230$9,690$8,337$7,155$4,506
15 years$11,986$10,259$8,748$7,435$6,300$3,812
16 years$11,120$9,413$7,932$6,657$5,568$3,235
17 years$10,357$8,669$7,217$5,981$4,937$2,752
18 years$9,680$8,010$6,589$5,390$4,389$2,346
19 years$9,075$7,424$6,032$4,871$3,912$2,003
20 years$8,531$6,899$5,535$4,411$3,495$1,713
21 years$8,039$6,426$5,092$4,003$3,127$1,467
22 years$7,593$5,998$4,693$3,640$2,803$1,258
23 years$7,186$5,610$4,333$3,315$2,516$1,079
24 years$6,813$5,256$4,007$3,024$2,262$927
25 years$6,471$4,933$3,711$2,761$2,035$796
26 years$6,156$4,636$3,442$2,525$1,833$685
27 years$5,864$4,363$3,196$2,311$1,653$589
28 years$5,594$4,111$2,971$2,117$1,491$507
29 years$5,343$3,878$2,765$1,942$1,347$436
30 years$5,109$3,663$2,576$1,782$1,217$376
31 years$4,891$3,463$2,401$1,637$1,100$324
32 years$4,687$3,276$2,240$1,504$995$279
33 years$4,495$3,103$2,092$1,383$901$240
34 years$4,315$2,941$1,954$1,273$815$207
35 years$4,146$2,789$1,827$1,171$738$179
36 years$3,986$2,647$1,709$1,079$669$154
37 years$3,836$2,514$1,600$994$606$133
38 years$3,694$2,390$1,498$916$550$114
39 years$3,559$2,272$1,404$845$499$99
40 years$3,432$2,162$1,316$779$452$85
41 years$3,311$2,058$1,234$719$410$73
42 years$3,196$1,960$1,157$664$372$63
43 years$3,086$1,867$1,086$612$338$55
44 years$2,982$1,780$1,019$566$307$47
45 years$2,883$1,697$957$522$278$41
46 years$2,789$1,619$899$482$253$35
47 years$2,698$1,545$845$446$230$30
48 years$2,612$1,475$794$412$208$26
49 years$2,530$1,409$746$381$189$23
50 years$2,451$1,346$701$352$172$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,510,000, adding $3,356 every year, while hoping to spend $24,183 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: 63/28/9 Blend
59$2,510,000$2,510,000$2,510,000$2,510,000
60$2,769,482$2,636,452$2,597,547$2,938,449
61$3,026,238$2,739,907$2,658,834$3,155,157
62$3,308,374$2,847,622$2,721,364$3,388,552
63$3,618,451$2,959,778$2,785,153$3,642,770
64$3,959,293$3,076,568$2,850,216$3,919,828
65$4,334,012$3,198,191$2,916,569$4,221,948
66$4,746,035$3,324,855$2,984,227$4,551,570
67$5,199,137$3,456,780$3,053,206$4,911,383
68$5,697,480$3,594,193$3,123,519$5,304,342
69$6,245,646$3,737,332$3,195,181$5,733,702
70$6,848,687$3,886,447$3,268,204$6,203,044
71$7,512,167$4,041,796$3,342,602$6,716,307
72$8,242,216$4,203,652$3,418,388$7,277,830
73$9,045,590$4,372,299$3,495,572$7,892,388
74$9,929,733$4,548,034$3,574,166$8,565,235
75$10,902,845$4,731,167$3,654,179$9,302,158
76$11,973,963$4,922,022$3,735,622$10,109,527
77$13,153,044$5,120,939$3,818,503$10,994,356
78$14,451,061$5,328,271$3,902,829$11,964,366
79$15,880,102$5,544,389$3,988,607$13,028,060
80$17,453,489$5,769,680$4,075,842$14,194,801
81$19,185,900$6,004,550$4,164,538$15,474,899
82$21,093,510$6,249,421$4,254,698$16,879,708
83$23,194,142$6,504,736$4,346,324$18,421,733
84$25,507,435$6,770,959$4,439,416$20,114,743
85$28,055,029$7,048,572$4,533,973$21,973,905
86$30,860,772$7,338,082$4,629,990$24,015,925
87$33,950,941$7,640,018$4,727,465$26,259,199
88$37,354,491$7,954,933$4,826,390$28,723,994
89$41,103,332$8,283,407$4,926,756$31,432,630
90$45,232,622$8,626,045$5,028,553$34,409,696
91$49,781,108$8,983,479$5,131,768$37,682,275
92$54,791,484$9,356,373$5,236,385$41,280,202
93$60,310,798$9,745,418$5,342,387$45,236,344
94$66,390,897$10,151,340$5,449,754$49,586,904
95$73,088,909$10,574,897$5,558,462$54,371,767
96$80,467,792$11,016,882$5,668,485$59,634,873
97$88,596,922$11,478,124$5,779,794$65,424,626
98$97,552,747$11,959,491$5,892,356$71,794,355
99$107,419,514$12,461,892$6,006,136$78,802,811
100$118,290,056$12,986,277$6,121,094$86,514,723