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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$207,273$205,427$203,626$201,868$200,151$198,143
2 years$102,611$100,700$98,848$97,052$95,310$93,288
3 years$67,728$65,808$63,961$62,182$60,469$58,495
4 years$50,289$48,376$46,547$44,799$43,127$41,216
5 years$39,829$37,927$36,122$34,410$32,784$30,943
6 years$32,858$30,971$29,192$27,518$25,941$24,171
7 years$27,881$26,009$24,259$22,624$21,097$19,399
8 years$24,149$22,295$20,574$18,979$17,502$15,876
9 years$21,249$19,411$17,720$16,166$14,739$13,185
10 years$18,930$17,110$15,449$13,935$12,559$11,075
11 years$17,033$15,232$13,601$12,127$10,801$9,386
12 years$15,454$13,672$12,070$10,637$9,360$8,013
13 years$14,119$12,355$10,784$9,391$8,162$6,881
14 years$12,976$11,230$9,690$8,337$7,155$5,939
15 years$11,986$10,259$8,748$7,435$6,300$5,146
16 years$11,120$9,413$7,932$6,657$5,568$4,475
17 years$10,357$8,669$7,217$5,981$4,937$3,903
18 years$9,680$8,010$6,589$5,390$4,389$3,413
19 years$9,075$7,424$6,032$4,871$3,912$2,990
20 years$8,531$6,899$5,535$4,411$3,495$2,625
21 years$8,039$6,426$5,092$4,003$3,127$2,308
22 years$7,593$5,998$4,693$3,640$2,803$2,033
23 years$7,186$5,610$4,333$3,315$2,516$1,792
24 years$6,813$5,256$4,007$3,024$2,262$1,582
25 years$6,471$4,933$3,711$2,761$2,035$1,397
26 years$6,156$4,636$3,442$2,525$1,833$1,235
27 years$5,864$4,363$3,196$2,311$1,653$1,093
28 years$5,594$4,111$2,971$2,117$1,491$968
29 years$5,343$3,878$2,765$1,942$1,347$857
30 years$5,109$3,663$2,576$1,782$1,217$760
31 years$4,891$3,463$2,401$1,637$1,100$674
32 years$4,687$3,276$2,240$1,504$995$597
33 years$4,495$3,103$2,092$1,383$901$530
34 years$4,315$2,941$1,954$1,273$815$471
35 years$4,146$2,789$1,827$1,171$738$418
36 years$3,986$2,647$1,709$1,079$669$371
37 years$3,836$2,514$1,600$994$606$329
38 years$3,694$2,390$1,498$916$550$293
39 years$3,559$2,272$1,404$845$499$260
40 years$3,432$2,162$1,316$779$452$231
41 years$3,311$2,058$1,234$719$410$205
42 years$3,196$1,960$1,157$664$372$183
43 years$3,086$1,867$1,086$612$338$162
44 years$2,982$1,780$1,019$566$307$144
45 years$2,883$1,697$957$522$278$128
46 years$2,789$1,619$899$482$253$114
47 years$2,698$1,545$845$446$230$101
48 years$2,612$1,475$794$412$208$90
49 years$2,530$1,409$746$381$189$80
50 years$2,451$1,346$701$352$172$71

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 $6,120 every year, while hoping to spend $31,900 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: 54/36/10 Blend
59$2,510,000$2,510,000$2,510,000$2,510,000
60$2,772,333$2,639,303$2,600,398$2,914,737
61$3,021,169$2,734,687$2,653,570$3,107,393
62$3,294,318$2,833,676$2,707,454$3,312,971
63$3,594,225$2,936,413$2,762,040$3,535,963
64$3,923,585$3,043,047$2,817,318$3,778,027
65$4,285,367$3,153,732$2,873,273$4,040,987
66$4,682,839$3,268,630$2,929,893$4,326,849
67$5,119,606$3,387,909$2,987,162$4,637,818
68$5,599,635$3,511,746$3,045,061$4,976,321
69$6,127,298$3,640,322$3,103,571$5,345,027
70$6,707,413$3,773,828$3,162,671$5,746,871
71$7,345,286$3,912,463$3,222,337$6,185,085
72$8,046,764$4,056,433$3,282,545$6,663,222
73$8,818,289$4,205,953$3,343,265$7,185,196
74$9,666,959$4,361,249$3,404,469$7,755,312
75$10,600,593$4,522,554$3,466,122$8,378,308
76$11,627,807$4,690,113$3,528,191$9,059,399
77$12,758,094$4,864,179$3,590,636$9,804,328
78$14,001,915$5,045,019$3,653,418$10,619,415
79$15,370,793$5,232,908$3,716,491$11,511,619
80$16,877,429$5,428,136$3,779,808$12,488,600
81$18,535,815$5,631,002$3,843,319$13,558,793
82$20,361,368$5,841,821$3,906,970$14,731,486
83$22,371,076$6,060,920$3,970,703$16,016,906
84$24,583,660$6,288,638$4,034,455$17,426,316
85$27,019,745$6,525,334$4,098,161$18,972,117
86$29,702,060$6,771,376$4,161,751$20,667,968
87$32,655,650$7,027,153$4,225,149$22,528,911
88$35,908,112$7,293,069$4,288,277$24,571,512
89$39,489,854$7,569,544$4,351,049$26,814,019
90$43,434,387$7,857,019$4,413,377$29,276,529
91$47,778,633$8,155,952$4,475,164$31,981,178
92$52,563,282$8,466,822$4,536,310$34,952,349
93$57,833,168$8,790,128$4,596,708$38,216,901
94$63,637,699$9,126,392$4,656,245$41,804,420
95$70,031,316$9,476,157$4,714,802$45,747,498
96$77,074,014$9,839,992$4,772,251$50,082,036
97$84,831,901$10,218,489$4,828,459$54,847,585
98$93,377,827$10,612,267$4,883,284$60,087,715
99$102,792,069$11,021,973$4,936,578$65,850,428
100$113,163,090$11,448,279$4,988,183$72,188,603