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%16.5%
1 years$211,402$209,519$207,682$205,889$204,138$198,719
2 years$104,655$102,706$100,817$98,985$97,209$91,787
3 years$69,077$67,119$65,235$63,421$61,673$56,419
4 years$51,291$49,340$47,474$45,691$43,986$38,939
5 years$40,623$38,683$36,842$35,095$33,437$28,611
6 years$33,513$31,588$29,774$28,066$26,458$21,858
7 years$28,436$26,527$24,742$23,074$21,517$17,143
8 years$24,630$22,739$20,983$19,357$17,851$13,701
9 years$21,672$19,798$18,073$16,488$15,033$11,103
10 years$19,307$17,451$15,756$14,212$12,809$9,095
11 years$17,373$15,536$13,872$12,369$11,016$7,511
12 years$15,762$13,944$12,311$10,849$9,546$6,245
13 years$14,400$12,601$10,999$9,578$8,324$5,220
14 years$13,234$11,454$9,883$8,503$7,297$4,382
15 years$12,224$10,464$8,923$7,583$6,425$3,691
16 years$11,342$9,600$8,090$6,790$5,678$3,119
17 years$10,564$8,841$7,361$6,100$5,035$2,641
18 years$9,873$8,170$6,720$5,498$4,477$2,242
19 years$9,256$7,572$6,152$4,968$3,990$1,906
20 years$8,701$7,036$5,646$4,499$3,564$1,622
21 years$8,199$6,554$5,193$4,083$3,190$1,383
22 years$7,744$6,118$4,786$3,713$2,859$1,180
23 years$7,329$5,722$4,419$3,381$2,566$1,008
24 years$6,949$5,361$4,087$3,084$2,307$861
25 years$6,600$5,031$3,785$2,816$2,076$737
26 years$6,278$4,728$3,511$2,575$1,870$630
27 years$5,981$4,450$3,260$2,357$1,686$540
28 years$5,706$4,193$3,031$2,160$1,521$462
29 years$5,450$3,956$2,820$1,980$1,373$396
30 years$5,211$3,736$2,627$1,817$1,241$339
31 years$4,988$3,532$2,449$1,669$1,122$291
32 years$4,780$3,342$2,285$1,534$1,015$249
33 years$4,585$3,164$2,134$1,411$918$214
34 years$4,401$2,999$1,993$1,298$832$183
35 years$4,229$2,845$1,864$1,195$753$157
36 years$4,066$2,700$1,743$1,100$682$135
37 years$3,912$2,564$1,632$1,014$619$116
38 years$3,767$2,437$1,528$935$561$99
39 years$3,630$2,317$1,432$862$509$85
40 years$3,500$2,205$1,342$795$461$73
41 years$3,376$2,099$1,258$733$418$63
42 years$3,259$1,999$1,180$677$380$54
43 years$3,148$1,905$1,108$625$345$46
44 years$3,042$1,815$1,040$577$313$40
45 years$2,941$1,731$976$533$284$34
46 years$2,844$1,651$917$492$258$29
47 years$2,752$1,576$861$455$234$25
48 years$2,664$1,504$809$420$213$21
49 years$2,580$1,437$761$388$193$18
50 years$2,499$1,372$715$359$175$16

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 $5,037 every year, while hoping to spend $36,011 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: 27/47/26 Blend
59$2,560,000$2,560,000$2,560,000$2,560,000
60$2,826,316$2,690,636$2,650,956$2,879,536
61$3,076,284$2,784,161$2,701,447$3,016,170
62$3,350,543$2,881,063$2,752,423$3,159,318
63$3,651,531$2,981,468$2,803,862$3,312,272
64$3,981,936$3,085,508$2,855,740$3,475,892
65$4,344,717$3,193,322$2,908,031$3,651,119
66$4,743,136$3,305,052$2,960,708$3,838,987
67$5,180,784$3,420,848$3,013,740$4,040,629
68$5,661,618$3,540,864$3,067,094$4,257,291
69$6,189,998$3,665,261$3,120,737$4,490,340
70$6,770,726$3,794,207$3,174,630$4,741,277
71$7,409,092$3,927,875$3,228,732$5,011,752
72$8,110,926$4,066,448$3,283,001$5,303,576
73$8,882,650$4,210,113$3,337,391$5,618,741
74$9,731,338$4,359,066$3,391,851$5,959,436
75$10,664,786$4,513,512$3,446,330$6,328,067
76$11,691,583$4,673,663$3,500,770$6,727,278
77$12,821,191$4,839,739$3,555,113$7,159,979
78$14,064,037$5,011,970$3,609,293$7,629,366
79$15,431,608$5,190,596$3,663,244$8,138,960
80$16,936,562$5,375,865$3,716,893$8,692,628
81$18,592,845$5,568,037$3,770,163$9,294,628
82$20,415,826$5,767,381$3,822,974$9,949,644
83$22,422,435$5,974,178$3,875,238$10,662,829
84$24,631,331$6,188,720$3,926,866$11,439,854
85$27,063,071$6,411,311$3,977,760$12,286,960
86$29,740,308$6,642,269$4,027,819$13,211,016
87$32,688,002$6,881,923$4,076,934$14,219,583
88$35,933,658$7,130,617$4,124,991$15,320,983
89$39,507,582$7,388,709$4,171,869$16,524,377
90$43,443,171$7,656,571$4,217,442$17,839,852
91$47,777,223$7,934,591$4,261,575$19,278,513
92$52,550,287$8,223,174$4,304,125$20,852,586
93$57,807,048$8,522,741$4,344,945$22,575,534
94$63,596,742$8,833,730$4,383,876$24,462,180
95$69,973,626$9,156,599$4,420,752$26,528,851
96$76,997,488$9,491,825$4,455,399$28,793,522
97$84,734,210$9,839,903$4,487,634$31,275,993
98$93,256,392$10,201,350$4,517,261$33,998,067
99$102,644,034$10,576,706$4,544,080$36,983,760
100$112,985,293$10,966,533$4,567,874$40,259,521