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

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$210,577$208,701$206,871$205,085$203,341$195,273
2 years$104,246$102,304$100,423$98,598$96,829$88,801
3 years$68,807$66,857$64,980$63,173$61,432$53,697
4 years$51,091$49,147$47,289$45,513$43,814$36,430
5 years$40,464$38,532$36,698$34,958$33,307$26,292
6 years$33,382$31,464$29,658$27,956$26,354$19,715
7 years$28,325$26,424$24,646$22,984$21,433$15,166
8 years$24,534$22,650$20,901$19,281$17,781$11,879
9 years$21,587$19,721$18,002$16,423$14,974$9,429
10 years$19,231$17,383$15,695$14,157$12,759$7,560
11 years$17,305$15,475$13,818$12,321$10,973$6,108
12 years$15,701$13,889$12,263$10,807$9,509$4,965
13 years$14,344$12,552$10,956$9,541$8,292$4,055
14 years$13,183$11,409$9,844$8,469$7,269$3,324
15 years$12,177$10,423$8,888$7,553$6,400$2,734
16 years$11,297$9,563$8,058$6,763$5,656$2,254
17 years$10,522$8,807$7,332$6,077$5,015$1,862
18 years$9,834$8,138$6,694$5,476$4,459$1,540
19 years$9,219$7,542$6,128$4,948$3,975$1,276
20 years$8,667$7,009$5,624$4,482$3,550$1,059
21 years$8,167$6,528$5,173$4,067$3,177$879
22 years$7,714$6,094$4,767$3,698$2,848$730
23 years$7,300$5,699$4,402$3,368$2,556$607
24 years$6,922$5,340$4,071$3,072$2,298$505
25 years$6,574$5,011$3,771$2,805$2,068$420
26 years$6,254$4,710$3,497$2,565$1,862$350
27 years$5,958$4,433$3,247$2,348$1,679$291
28 years$5,683$4,177$3,019$2,151$1,515$243
29 years$5,428$3,940$2,809$1,973$1,368$202
30 years$5,191$3,721$2,617$1,810$1,236$169
31 years$4,969$3,518$2,439$1,663$1,118$140
32 years$4,761$3,328$2,276$1,528$1,011$117
33 years$4,567$3,152$2,125$1,405$915$98
34 years$4,384$2,988$1,986$1,293$828$81
35 years$4,212$2,834$1,856$1,190$750$68
36 years$4,050$2,690$1,737$1,096$680$57
37 years$3,897$2,554$1,625$1,010$616$47
38 years$3,753$2,428$1,522$931$559$39
39 years$3,616$2,308$1,426$858$507$33
40 years$3,486$2,196$1,337$792$459$27
41 years$3,363$2,091$1,253$730$417$23
42 years$3,247$1,991$1,176$674$378$19
43 years$3,135$1,897$1,103$622$343$16
44 years$3,030$1,808$1,036$575$312$13
45 years$2,929$1,724$972$531$283$11
46 years$2,833$1,645$913$490$257$9
47 years$2,741$1,570$858$453$233$8
48 years$2,654$1,499$806$418$212$6
49 years$2,570$1,431$758$387$192$5
50 years$2,490$1,367$713$357$175$4

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 $5,776 every year, while hoping to spend $55,991 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: 60/25/15 Blend
59$2,550,000$2,550,000$2,550,000$2,550,000
60$2,816,058$2,680,908$2,641,383$2,974,058
61$3,043,722$2,752,698$2,670,295$3,153,042
62$3,292,731$2,826,130$2,698,300$3,341,433
63$3,565,203$2,901,224$2,725,306$3,545,623
64$3,863,471$2,978,001$2,751,221$3,767,147
65$4,190,103$3,056,481$2,775,945$4,007,691
66$4,547,926$3,136,681$2,799,372$4,269,115
67$4,940,056$3,218,621$2,821,393$4,553,466
68$5,369,923$3,302,314$2,841,890$4,862,998
69$5,841,305$3,387,777$2,860,744$5,200,194
70$6,358,363$3,475,023$2,877,823$5,567,789
71$6,925,680$3,564,063$2,892,994$5,968,797
72$7,548,304$3,654,907$2,906,114$6,406,534
73$8,231,797$3,747,563$2,917,035$6,884,659
74$8,982,283$3,842,037$2,925,598$7,407,197
75$9,806,510$3,938,331$2,931,640$7,978,586
76$10,711,911$4,036,446$2,934,987$8,603,715
77$11,706,676$4,136,381$2,935,458$9,287,968
78$12,799,823$4,238,131$2,932,863$10,037,281
79$14,001,293$4,341,687$2,927,002$10,858,191
80$15,322,033$4,447,037$2,917,664$11,757,902
81$16,774,105$4,554,167$2,904,631$12,744,352
82$18,370,799$4,663,057$2,887,672$13,826,288
83$20,126,757$4,773,683$2,866,545$15,013,346
84$22,058,110$4,886,018$2,840,998$16,316,147
85$24,182,632$5,000,026$2,810,766$17,746,393
86$26,519,904$5,115,671$2,775,570$19,316,979
87$29,091,503$5,232,908$2,735,121$21,042,115
88$31,921,202$5,351,687$2,689,113$22,937,459
89$35,035,195$5,471,950$2,637,229$25,020,267
90$38,462,344$5,593,634$2,579,134$27,309,554
91$42,234,448$5,716,667$2,514,481$29,826,274
92$46,386,549$5,840,971$2,442,903$32,593,519
93$50,957,256$5,966,458$2,364,020$35,636,736
94$55,989,113$6,093,031$2,277,431$38,983,967
95$61,528,997$6,220,584$2,182,719$42,666,116
96$67,628,562$6,349,000$2,079,448$46,717,239
97$74,344,727$6,478,152$1,967,161$51,174,866
98$81,740,209$6,607,902$1,845,380$56,080,356
99$89,884,118$6,738,097$1,713,609$61,479,289
100$98,852,608$6,868,573$1,571,324$67,421,893