Can I retire at age 60 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$210,577$208,701$206,871$205,085$203,341$196,674
2 years$104,246$102,304$100,423$98,598$96,829$90,176
3 years$68,807$66,857$64,980$63,173$61,432$55,002
4 years$51,091$49,147$47,289$45,513$43,814$37,656
5 years$40,464$38,532$36,698$34,958$33,307$27,437
6 years$33,382$31,464$29,658$27,956$26,354$20,777
7 years$28,325$26,424$24,646$22,984$21,433$16,148
8 years$24,534$22,650$20,901$19,281$17,781$12,785
9 years$21,587$19,721$18,002$16,423$14,974$10,261
10 years$19,231$17,383$15,695$14,157$12,759$8,320
11 years$17,305$15,475$13,818$12,321$10,973$6,802
12 years$15,701$13,889$12,263$10,807$9,509$5,595
13 years$14,344$12,552$10,956$9,541$8,292$4,626
14 years$13,183$11,409$9,844$8,469$7,269$3,841
15 years$12,177$10,423$8,888$7,553$6,400$3,199
16 years$11,297$9,563$8,058$6,763$5,656$2,672
17 years$10,522$8,807$7,332$6,077$5,015$2,237
18 years$9,834$8,138$6,694$5,476$4,459$1,876
19 years$9,219$7,542$6,128$4,948$3,975$1,576
20 years$8,667$7,009$5,624$4,482$3,550$1,325
21 years$8,167$6,528$5,173$4,067$3,177$1,116
22 years$7,714$6,094$4,767$3,698$2,848$940
23 years$7,300$5,699$4,402$3,368$2,556$793
24 years$6,922$5,340$4,071$3,072$2,298$669
25 years$6,574$5,011$3,771$2,805$2,068$565
26 years$6,254$4,710$3,497$2,565$1,862$477
27 years$5,958$4,433$3,247$2,348$1,679$403
28 years$5,683$4,177$3,019$2,151$1,515$341
29 years$5,428$3,940$2,809$1,973$1,368$288
30 years$5,191$3,721$2,617$1,810$1,236$244
31 years$4,969$3,518$2,439$1,663$1,118$206
32 years$4,761$3,328$2,276$1,528$1,011$174
33 years$4,567$3,152$2,125$1,405$915$148
34 years$4,384$2,988$1,986$1,293$828$125
35 years$4,212$2,834$1,856$1,190$750$106
36 years$4,050$2,690$1,737$1,096$680$89
37 years$3,897$2,554$1,625$1,010$616$76
38 years$3,753$2,428$1,522$931$559$64
39 years$3,616$2,308$1,426$858$507$54
40 years$3,486$2,196$1,337$792$459$46
41 years$3,363$2,091$1,253$730$417$39
42 years$3,247$1,991$1,176$674$378$33
43 years$3,135$1,897$1,103$622$343$28
44 years$3,030$1,808$1,036$575$312$24
45 years$2,929$1,724$972$531$283$20
46 years$2,833$1,645$913$490$257$17
47 years$2,741$1,570$858$453$233$14
48 years$2,654$1,499$806$418$212$12
49 years$2,570$1,431$758$387$192$10
50 years$2,490$1,367$713$357$175$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,550,000, adding $2,073 every year, while hoping to spend $59,719 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: 47/39/14 Blend
59$2,550,000$2,550,000$2,550,000$2,550,000
60$2,812,238$2,677,088$2,637,563$2,933,270
61$3,035,546$2,744,725$2,662,381$3,084,904
62$3,279,630$2,813,675$2,686,029$3,243,097
63$3,546,545$2,883,938$2,708,404$3,413,475
64$3,838,557$2,955,515$2,729,399$3,597,192
65$4,158,156$3,028,402$2,748,901$3,795,524
66$4,508,090$3,102,595$2,766,791$4,009,872
67$4,891,379$3,178,086$2,782,942$4,241,782
68$5,311,352$3,254,865$2,797,224$4,492,953
69$5,771,676$3,332,920$2,809,497$4,765,261
70$6,276,388$3,412,234$2,819,616$5,060,768
71$6,829,935$3,492,788$2,827,428$5,381,747
72$7,437,214$3,574,560$2,832,773$5,730,705
73$8,103,620$3,657,524$2,835,481$6,110,398
74$8,835,096$3,741,649$2,835,376$6,523,868
75$9,638,187$3,826,901$2,832,272$6,974,464
76$10,520,103$3,913,241$2,825,974$7,465,877
77$11,488,788$4,000,624$2,816,279$8,002,172
78$12,552,990$4,089,001$2,802,971$8,587,832
79$13,722,351$4,178,317$2,785,826$9,227,793
80$15,007,488$4,268,512$2,764,608$9,927,498
81$16,420,102$4,359,519$2,739,072$10,692,943
82$17,973,080$4,451,263$2,708,959$11,530,735
83$19,680,623$4,543,664$2,673,998$12,448,159
84$21,558,375$4,636,632$2,633,905$13,453,240
85$23,623,573$4,730,071$2,588,386$14,554,822
86$25,895,209$4,823,876$2,537,127$15,762,655
87$28,394,205$4,917,930$2,479,806$17,087,482
88$31,143,616$5,012,111$2,416,081$18,541,143
89$34,168,842$5,106,282$2,345,598$20,136,689
90$37,497,872$5,200,298$2,267,984$21,888,502
91$41,161,543$5,294,001$2,182,849$23,812,433
92$45,193,834$5,387,220$2,089,787$25,925,953
93$49,632,183$5,479,771$1,988,373$28,248,318
94$54,517,844$5,571,458$1,878,162$30,800,748
95$59,896,272$5,662,068$1,758,689$33,606,633
96$65,817,555$5,751,373$1,629,468$36,691,753
97$72,336,882$5,839,127$1,489,992$40,084,519
98$79,515,068$5,925,068$1,339,730$43,816,245
99$87,419,123$6,008,914$1,178,129$47,921,444
100$96,122,887$6,090,365$1,004,611$52,438,154