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%13.9%
1 years$208,925$207,064$205,248$203,476$201,746$198,485
2 years$103,428$101,502$99,635$97,825$96,069$92,793
3 years$68,267$66,333$64,471$62,677$60,950$57,761
4 years$50,690$48,762$46,918$45,156$43,470$40,392
5 years$40,147$38,230$36,410$34,684$33,045$30,087
6 years$33,120$31,217$29,425$27,737$26,148$23,313
7 years$28,103$26,216$24,452$22,804$21,265$18,554
8 years$24,342$22,472$20,737$19,130$17,641$15,055
9 years$21,418$19,566$17,861$16,294$14,857$12,392
10 years$19,080$17,247$15,572$14,046$12,659$10,314
11 years$17,169$15,354$13,709$12,224$10,887$8,661
12 years$15,577$13,781$12,167$10,722$9,434$7,323
13 years$14,232$12,454$10,870$9,466$8,227$6,228
14 years$13,079$11,320$9,767$8,403$7,212$5,321
15 years$12,081$10,341$8,818$7,494$6,350$4,564
16 years$11,209$9,488$7,995$6,710$5,612$3,928
17 years$10,440$8,738$7,275$6,029$4,976$3,390
18 years$9,757$8,074$6,641$5,433$4,424$2,932
19 years$9,147$7,483$6,080$4,909$3,943$2,541
20 years$8,599$6,954$5,580$4,446$3,522$2,206
21 years$8,103$6,477$5,132$4,035$3,152$1,918
22 years$7,653$6,046$4,730$3,669$2,825$1,670
23 years$7,243$5,655$4,367$3,342$2,536$1,456
24 years$6,868$5,298$4,039$3,048$2,280$1,270
25 years$6,523$4,972$3,741$2,783$2,051$1,109
26 years$6,205$4,673$3,470$2,545$1,848$969
27 years$5,911$4,398$3,222$2,329$1,666$847
28 years$5,639$4,144$2,995$2,134$1,503$741
29 years$5,386$3,909$2,787$1,957$1,357$648
30 years$5,150$3,692$2,596$1,796$1,226$567
31 years$4,930$3,490$2,420$1,650$1,109$497
32 years$4,724$3,302$2,258$1,516$1,003$435
33 years$4,531$3,127$2,109$1,394$908$381
34 years$4,350$2,964$1,970$1,283$822$334
35 years$4,179$2,811$1,842$1,181$744$293
36 years$4,018$2,668$1,723$1,088$674$257
37 years$3,867$2,534$1,613$1,002$611$225
38 years$3,723$2,409$1,510$924$554$198
39 years$3,587$2,290$1,415$852$503$173
40 years$3,459$2,179$1,326$785$456$152
41 years$3,337$2,074$1,244$725$414$133
42 years$3,221$1,975$1,167$669$375$117
43 years$3,111$1,882$1,095$617$341$103
44 years$3,006$1,794$1,027$570$309$90
45 years$2,906$1,711$965$526$281$79
46 years$2,811$1,632$906$486$255$69
47 years$2,720$1,558$851$449$231$61
48 years$2,633$1,487$800$415$210$54
49 years$2,550$1,420$752$384$191$47
50 years$2,470$1,356$707$355$173$41

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 $2,265 every year, while hoping to spend $29,732 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: 29/50/21 Blend
59$2,530,000$2,530,000$2,530,000$2,530,000
60$2,790,396$2,656,306$2,617,091$2,852,845
61$3,043,382$2,754,831$2,673,129$2,999,609
62$3,321,176$2,857,186$2,730,048$3,154,486
63$3,626,277$2,963,529$2,787,846$3,320,374
64$3,961,438$3,074,023$2,846,519$3,498,238
65$4,329,692$3,188,837$2,906,065$3,689,135
66$4,734,379$3,308,149$2,966,477$3,894,224
67$5,179,181$3,432,144$3,027,749$4,114,779
68$5,668,153$3,561,014$3,089,874$4,352,193
69$6,205,761$3,694,961$3,152,842$4,607,999
70$6,796,929$3,834,194$3,216,642$4,883,877
71$7,447,078$3,978,932$3,281,262$5,181,672
72$8,162,184$4,129,403$3,346,688$5,503,410
73$8,948,829$4,285,846$3,412,904$5,851,317
74$9,814,265$4,448,509$3,479,892$6,227,838
75$10,766,485$4,617,650$3,547,633$6,635,656
76$11,814,294$4,793,542$3,616,106$7,077,725
77$12,967,391$4,976,465$3,685,285$7,557,286
78$14,236,468$5,166,715$3,755,145$8,077,906
79$15,633,303$5,364,599$3,825,658$8,643,504
80$17,170,873$5,570,438$3,896,790$9,258,387
81$18,863,479$5,784,566$3,968,510$9,927,296
82$20,726,878$6,007,334$4,040,779$10,655,441
83$22,778,433$6,239,106$4,113,558$11,448,554
84$25,037,274$6,480,264$4,186,803$12,312,939
85$27,524,484$6,731,204$4,260,469$13,255,532
86$30,263,291$6,992,343$4,334,505$14,283,964
87$33,279,293$7,264,115$4,408,857$15,406,631
88$36,600,695$7,546,971$4,483,468$16,632,772
89$40,258,579$7,841,384$4,558,276$17,972,555
90$44,287,191$8,147,850$4,633,216$19,437,170
91$48,724,272$8,466,882$4,708,217$21,038,933
92$53,611,410$8,799,021$4,783,203$22,791,400
93$58,994,428$9,144,828$4,858,096$24,709,494
94$64,923,827$9,504,891$4,932,808$26,809,644
95$71,455,251$9,879,824$5,007,251$29,109,935
96$78,650,019$10,270,269$5,081,327$31,630,279
97$86,575,704$10,676,895$5,154,934$34,392,601
98$95,306,765$11,100,402$5,227,964$37,421,039
99$104,925,255$11,541,521$5,300,301$40,742,174
100$115,521,593$12,001,018$5,371,823$44,385,278