Can I retire at age 60 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$211,402$209,519$207,682$205,889$204,138$202,597
2 years$104,655$102,706$100,817$98,985$97,209$95,655
3 years$69,077$67,119$65,235$63,421$61,673$60,155
4 years$51,291$49,340$47,474$45,691$43,986$42,515
5 years$40,623$38,683$36,842$35,095$33,437$32,018
6 years$33,513$31,588$29,774$28,066$26,458$25,092
7 years$28,436$26,527$24,742$23,074$21,517$20,205
8 years$24,630$22,739$20,983$19,357$17,851$16,592
9 years$21,672$19,798$18,073$16,488$15,033$13,828
10 years$19,307$17,451$15,756$14,212$12,809$11,657
11 years$17,373$15,536$13,872$12,369$11,016$9,916
12 years$15,762$13,944$12,311$10,849$9,546$8,498
13 years$14,400$12,601$10,999$9,578$8,324$7,326
14 years$13,234$11,454$9,883$8,503$7,297$6,347
15 years$12,224$10,464$8,923$7,583$6,425$5,523
16 years$11,342$9,600$8,090$6,790$5,678$4,822
17 years$10,564$8,841$7,361$6,100$5,035$4,223
18 years$9,873$8,170$6,720$5,498$4,477$3,708
19 years$9,256$7,572$6,152$4,968$3,990$3,264
20 years$8,701$7,036$5,646$4,499$3,564$2,878
21 years$8,199$6,554$5,193$4,083$3,190$2,542
22 years$7,744$6,118$4,786$3,713$2,859$2,248
23 years$7,329$5,722$4,419$3,381$2,566$1,991
24 years$6,949$5,361$4,087$3,084$2,307$1,765
25 years$6,600$5,031$3,785$2,816$2,076$1,567
26 years$6,278$4,728$3,511$2,575$1,870$1,392
27 years$5,981$4,450$3,260$2,357$1,686$1,237
28 years$5,706$4,193$3,031$2,160$1,521$1,101
29 years$5,450$3,956$2,820$1,980$1,373$980
30 years$5,211$3,736$2,627$1,817$1,241$873
31 years$4,988$3,532$2,449$1,669$1,122$778
32 years$4,780$3,342$2,285$1,534$1,015$693
33 years$4,585$3,164$2,134$1,411$918$618
34 years$4,401$2,999$1,993$1,298$832$551
35 years$4,229$2,845$1,864$1,195$753$492
36 years$4,066$2,700$1,743$1,100$682$439
37 years$3,912$2,564$1,632$1,014$619$392
38 years$3,767$2,437$1,528$935$561$350
39 years$3,630$2,317$1,432$862$509$313
40 years$3,500$2,205$1,342$795$461$279
41 years$3,376$2,099$1,258$733$418$249
42 years$3,259$1,999$1,180$677$380$223
43 years$3,148$1,905$1,108$625$345$199
44 years$3,042$1,815$1,040$577$313$178
45 years$2,941$1,731$976$533$284$159
46 years$2,844$1,651$917$492$258$142
47 years$2,752$1,576$861$455$234$127
48 years$2,664$1,504$809$420$213$114
49 years$2,580$1,437$761$388$193$102
50 years$2,499$1,372$715$359$175$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,560,000, adding $3,180 every year, while hoping to spend $24,028 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: 67/13/20 Blend
59$2,560,000$2,560,000$2,560,000$2,560,000
60$2,824,400$2,688,720$2,649,040$2,999,318
61$3,086,923$2,794,902$2,712,217$3,223,036
62$3,375,419$2,905,481$2,776,706$3,464,519
63$3,692,510$3,020,648$2,842,524$3,728,018
64$4,041,087$3,140,601$2,909,690$4,015,697
65$4,424,336$3,265,549$2,978,222$4,329,942
66$4,845,764$3,395,706$3,048,139$4,673,375
67$5,309,238$3,531,302$3,119,457$5,048,885
68$5,819,016$3,672,571$3,192,194$5,459,653
69$6,379,790$3,819,762$3,266,368$5,909,181
70$6,996,732$3,973,133$3,341,994$6,401,325
71$7,675,537$4,132,955$3,419,089$6,940,331
72$8,422,482$4,299,510$3,497,669$7,530,875
73$9,244,482$4,473,094$3,577,748$8,178,107
74$10,149,158$4,654,014$3,659,342$8,887,698
75$11,144,906$4,842,595$3,742,464$9,665,895
76$12,240,977$5,039,172$3,827,127$10,519,576
77$13,447,565$5,244,100$3,913,344$11,456,320
78$14,775,902$5,457,747$4,001,126$12,484,472
79$16,238,366$5,680,497$4,090,485$13,613,225
80$17,848,593$5,912,755$4,181,430$14,852,706
81$19,621,611$6,154,942$4,273,970$16,214,069
82$21,573,980$6,407,499$4,368,113$17,709,604
83$23,723,946$6,670,887$4,463,864$19,352,845
84$26,091,615$6,945,587$4,561,230$21,158,706
85$28,699,143$7,232,104$4,660,215$23,143,615
86$31,570,944$7,530,965$4,760,820$25,325,669
87$34,733,919$7,842,721$4,863,047$27,724,807
88$38,217,715$8,167,950$4,966,895$30,362,996
89$42,054,997$8,507,255$5,072,361$33,264,437
90$46,281,762$8,861,267$5,179,441$36,455,794
91$50,937,678$9,230,645$5,288,129$39,966,442
92$56,066,456$9,616,081$5,398,415$43,828,748
93$61,716,263$10,018,297$5,510,290$48,078,373
94$67,940,177$10,438,050$5,623,741$52,754,606
95$74,796,690$10,876,128$5,738,751$57,900,740
96$82,350,255$11,333,362$5,855,302$63,564,471
97$90,671,900$11,810,615$5,973,373$69,798,357
98$99,839,892$12,308,794$6,092,940$76,660,304
99$109,940,483$12,828,847$6,213,975$84,214,118
100$121,068,717$13,371,765$6,336,448$92,530,104