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%19.8%
1 years$210,577$208,701$206,871$205,085$203,341$195,350
2 years$104,246$102,304$100,423$98,598$96,829$88,876
3 years$68,807$66,857$64,980$63,173$61,432$53,768
4 years$51,091$49,147$47,289$45,513$43,814$36,496
5 years$40,464$38,532$36,698$34,958$33,307$26,355
6 years$33,382$31,464$29,658$27,956$26,354$19,772
7 years$28,325$26,424$24,646$22,984$21,433$15,219
8 years$24,534$22,650$20,901$19,281$17,781$11,928
9 years$21,587$19,721$18,002$16,423$14,974$9,473
10 years$19,231$17,383$15,695$14,157$12,759$7,600
11 years$17,305$15,475$13,818$12,321$10,973$6,144
12 years$15,701$13,889$12,263$10,807$9,509$4,998
13 years$14,344$12,552$10,956$9,541$8,292$4,084
14 years$13,183$11,409$9,844$8,469$7,269$3,351
15 years$12,177$10,423$8,888$7,553$6,400$2,758
16 years$11,297$9,563$8,058$6,763$5,656$2,275
17 years$10,522$8,807$7,332$6,077$5,015$1,881
18 years$9,834$8,138$6,694$5,476$4,459$1,557
19 years$9,219$7,542$6,128$4,948$3,975$1,291
20 years$8,667$7,009$5,624$4,482$3,550$1,072
21 years$8,167$6,528$5,173$4,067$3,177$891
22 years$7,714$6,094$4,767$3,698$2,848$741
23 years$7,300$5,699$4,402$3,368$2,556$616
24 years$6,922$5,340$4,071$3,072$2,298$513
25 years$6,574$5,011$3,771$2,805$2,068$427
26 years$6,254$4,710$3,497$2,565$1,862$356
27 years$5,958$4,433$3,247$2,348$1,679$297
28 years$5,683$4,177$3,019$2,151$1,515$247
29 years$5,428$3,940$2,809$1,973$1,368$206
30 years$5,191$3,721$2,617$1,810$1,236$172
31 years$4,969$3,518$2,439$1,663$1,118$144
32 years$4,761$3,328$2,276$1,528$1,011$120
33 years$4,567$3,152$2,125$1,405$915$100
34 years$4,384$2,988$1,986$1,293$828$83
35 years$4,212$2,834$1,856$1,190$750$70
36 years$4,050$2,690$1,737$1,096$680$58
37 years$3,897$2,554$1,625$1,010$616$48
38 years$3,753$2,428$1,522$931$559$40
39 years$3,616$2,308$1,426$858$507$34
40 years$3,486$2,196$1,337$792$459$28
41 years$3,363$2,091$1,253$730$417$23
42 years$3,247$1,991$1,176$674$378$20
43 years$3,135$1,897$1,103$622$343$16
44 years$3,030$1,808$1,036$575$312$14
45 years$2,929$1,724$972$531$283$11
46 years$2,833$1,645$913$490$257$10
47 years$2,741$1,570$858$453$233$8
48 years$2,654$1,499$806$418$212$7
49 years$2,570$1,431$758$387$192$6
50 years$2,490$1,367$713$357$175$5

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 $4,813 every year, while hoping to spend $48,793 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: 41/50/9 Blend
59$2,550,000$2,550,000$2,550,000$2,550,000
60$2,815,065$2,679,915$2,640,390$2,922,769
61$3,050,286$2,759,315$2,676,927$3,078,035
62$3,307,864$2,840,971$2,713,054$3,240,716
63$3,590,029$2,924,941$2,748,703$3,415,679
64$3,899,234$3,011,285$2,783,807$3,604,058
65$4,238,184$3,100,066$2,818,293$3,807,099
66$4,609,855$3,191,346$2,852,082$4,026,175
67$5,017,527$3,285,188$2,885,093$4,262,793
68$5,464,811$3,381,659$2,917,241$4,518,611
69$5,955,687$3,480,826$2,948,433$4,795,453
70$6,494,537$3,582,755$2,978,575$5,095,327
71$7,086,187$3,687,518$3,007,565$5,420,441
72$7,735,955$3,795,183$3,035,295$5,773,224
73$8,449,700$3,905,825$3,061,655$6,156,351
74$9,233,873$4,019,514$3,086,525$6,572,764
75$10,095,586$4,136,328$3,109,781$7,025,704
76$11,042,668$4,256,340$3,131,291$7,518,737
77$12,083,749$4,379,630$3,150,918$8,055,790
78$13,228,333$4,506,274$3,168,516$8,641,184
79$14,486,895$4,636,353$3,183,933$9,279,680
80$15,870,972$4,769,948$3,197,008$9,976,519
81$17,393,278$4,907,142$3,207,574$10,737,472
82$19,067,817$5,048,017$3,215,453$11,568,895
83$20,910,023$5,192,658$3,220,459$12,477,788
84$22,936,898$5,341,151$3,222,398$13,471,860
85$25,167,178$5,493,584$3,221,064$14,559,603
86$27,621,503$5,650,042$3,216,243$15,750,369
87$30,322,619$5,810,617$3,207,709$17,054,461
88$33,295,585$5,975,397$3,195,227$18,483,227
89$36,568,017$6,144,473$3,178,549$20,049,168
90$40,170,339$6,317,936$3,157,415$21,766,055
91$44,136,078$6,495,880$3,131,553$23,649,060
92$48,502,176$6,678,396$3,100,678$25,714,896
93$53,309,339$6,865,578$3,064,491$27,981,976
94$58,602,420$7,057,521$3,022,681$30,470,587
95$64,430,845$7,254,317$2,974,919$33,203,078
96$70,849,075$7,456,063$2,920,862$36,204,076
97$77,917,123$7,662,852$2,860,153$39,500,711
98$85,701,117$7,874,779$2,792,416$43,122,877
99$94,273,926$8,091,938$2,717,257$47,103,510
100$103,715,848$8,314,425$2,634,266$51,478,902