Can I retire at age 60 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$208,925$207,064$205,248$203,476$201,746$197,029
2 years$103,428$101,502$99,635$97,825$96,069$91,344
3 years$68,267$66,333$64,471$62,677$60,950$56,364
4 years$50,690$48,762$46,918$45,156$43,470$39,058
5 years$40,147$38,230$36,410$34,684$33,045$28,820
6 years$33,120$31,217$29,425$27,737$26,148$22,114
7 years$28,103$26,216$24,452$22,804$21,265$17,423
8 years$24,342$22,472$20,737$19,130$17,641$13,989
9 years$21,418$19,566$17,861$16,294$14,857$11,392
10 years$19,080$17,247$15,572$14,046$12,659$9,378
11 years$17,169$15,354$13,709$12,224$10,887$7,785
12 years$15,577$13,781$12,167$10,722$9,434$6,506
13 years$14,232$12,454$10,870$9,466$8,227$5,467
14 years$13,079$11,320$9,767$8,403$7,212$4,615
15 years$12,081$10,341$8,818$7,494$6,350$3,909
16 years$11,209$9,488$7,995$6,710$5,612$3,322
17 years$10,440$8,738$7,275$6,029$4,976$2,830
18 years$9,757$8,074$6,641$5,433$4,424$2,416
19 years$9,147$7,483$6,080$4,909$3,943$2,066
20 years$8,599$6,954$5,580$4,446$3,522$1,770
21 years$8,103$6,477$5,132$4,035$3,152$1,518
22 years$7,653$6,046$4,730$3,669$2,825$1,303
23 years$7,243$5,655$4,367$3,342$2,536$1,120
24 years$6,868$5,298$4,039$3,048$2,280$963
25 years$6,523$4,972$3,741$2,783$2,051$829
26 years$6,205$4,673$3,470$2,545$1,848$714
27 years$5,911$4,398$3,222$2,329$1,666$615
28 years$5,639$4,144$2,995$2,134$1,503$530
29 years$5,386$3,909$2,787$1,957$1,357$457
30 years$5,150$3,692$2,596$1,796$1,226$394
31 years$4,930$3,490$2,420$1,650$1,109$340
32 years$4,724$3,302$2,258$1,516$1,003$294
33 years$4,531$3,127$2,109$1,394$908$253
34 years$4,350$2,964$1,970$1,283$822$219
35 years$4,179$2,811$1,842$1,181$744$189
36 years$4,018$2,668$1,723$1,088$674$163
37 years$3,867$2,534$1,613$1,002$611$141
38 years$3,723$2,409$1,510$924$554$122
39 years$3,587$2,290$1,415$852$503$105
40 years$3,459$2,179$1,326$785$456$91
41 years$3,337$2,074$1,244$725$414$78
42 years$3,221$1,975$1,167$669$375$68
43 years$3,111$1,882$1,095$617$341$59
44 years$3,006$1,794$1,027$570$309$51
45 years$2,906$1,711$965$526$281$44
46 years$2,811$1,632$906$486$255$38
47 years$2,720$1,558$851$449$231$33
48 years$2,633$1,487$800$415$210$28
49 years$2,550$1,420$752$384$191$24
50 years$2,470$1,356$707$355$173$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,530,000, adding $3,577 every year, while hoping to spend $56,908 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: 38/39/23 Blend
59$2,530,000$2,530,000$2,530,000$2,530,000
60$2,791,750$2,657,660$2,618,445$2,878,524
61$3,015,958$2,727,335$2,645,613$3,011,589
62$3,261,129$2,798,518$2,671,784$3,149,724
63$3,529,340$2,871,221$2,696,864$3,297,874
64$3,822,879$2,945,457$2,720,756$3,456,980
65$4,144,266$3,021,237$2,743,354$3,628,075
66$4,496,274$3,098,572$2,764,550$3,812,300
67$4,881,961$3,177,468$2,784,229$4,010,912
68$5,304,690$3,257,933$2,802,270$4,225,292
69$5,768,168$3,339,971$2,818,545$4,456,964
70$6,276,476$3,423,584$2,832,921$4,707,608
71$6,834,110$3,508,774$2,845,257$4,979,072
72$7,446,021$3,595,536$2,855,406$5,273,395
73$8,117,665$3,683,867$2,863,212$5,592,821
74$8,855,050$3,773,759$2,868,512$5,939,825
75$9,664,793$3,865,202$2,871,135$6,317,134
76$10,554,186$3,958,180$2,870,902$6,727,752
77$11,531,259$4,052,678$2,867,624$7,174,991
78$12,604,862$4,148,673$2,861,103$7,662,501
79$13,784,740$4,246,140$2,851,133$8,194,303
80$15,081,632$4,345,050$2,837,495$8,774,832
81$16,507,370$4,445,368$2,819,962$9,408,973
82$18,074,986$4,547,056$2,798,295$10,102,111
83$19,798,840$4,650,068$2,772,244$10,860,183
84$21,694,755$4,754,353$2,741,546$11,689,731
85$23,780,160$4,859,857$2,705,928$12,597,967
86$26,074,261$4,966,515$2,665,102$13,592,838
87$28,598,220$5,074,258$2,618,767$14,683,107
88$31,375,350$5,183,008$2,566,607$15,878,431
89$34,431,341$5,292,681$2,508,294$17,189,453
90$37,794,498$5,403,183$2,443,482$18,627,908
91$41,496,008$5,514,410$2,371,810$20,206,727
92$45,570,236$5,626,252$2,292,901$21,940,167
93$50,055,047$5,738,585$2,206,360$23,843,939
94$54,992,163$5,851,277$2,111,775$25,935,363
95$60,427,558$5,964,183$2,008,713$28,233,529
96$66,411,887$6,077,147$1,896,723$30,759,480
97$73,000,971$6,189,998$1,775,335$33,536,410
98$80,256,316$6,302,554$1,644,055$36,589,882
99$88,245,698$6,414,617$1,502,368$39,948,076
100$97,043,799$6,525,973$1,349,737$43,642,050