Can I retire at age 60 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$212,228$210,338$208,493$206,693$204,935$201,956
2 years$105,063$103,107$101,210$99,372$97,588$94,593
3 years$69,347$67,381$65,490$63,668$61,914$58,996
4 years$51,492$49,532$47,660$45,870$44,158$41,339
5 years$40,781$38,834$36,986$35,232$33,568$30,857
6 years$33,644$31,711$29,890$28,175$26,561$23,961
7 years$28,547$26,631$24,839$23,165$21,601$19,113
8 years$24,727$22,828$21,065$19,432$17,920$15,544
9 years$21,757$19,875$18,144$16,552$15,092$12,825
10 years$19,382$17,519$15,818$14,268$12,859$10,701
11 years$17,440$15,596$13,926$12,417$11,059$9,008
12 years$15,824$13,998$12,359$10,892$9,583$7,636
13 years$14,457$12,650$11,042$9,616$8,357$6,511
14 years$13,286$11,499$9,921$8,536$7,326$5,578
15 years$12,272$10,505$8,957$7,612$6,450$4,798
16 years$11,386$9,638$8,121$6,816$5,701$4,141
17 years$10,605$8,876$7,390$6,124$5,055$3,583
18 years$9,912$8,202$6,746$5,519$4,494$3,109
19 years$9,292$7,601$6,176$4,987$4,006$2,702
20 years$8,735$7,064$5,668$4,517$3,578$2,353
21 years$8,231$6,579$5,213$4,099$3,202$2,052
22 years$7,774$6,142$4,805$3,727$2,870$1,792
23 years$7,358$5,744$4,436$3,394$2,576$1,567
24 years$6,976$5,382$4,103$3,096$2,316$1,371
25 years$6,626$5,051$3,800$2,827$2,084$1,201
26 years$6,303$4,747$3,524$2,585$1,877$1,052
27 years$6,005$4,467$3,273$2,366$1,692$923
28 years$5,728$4,209$3,042$2,168$1,527$810
29 years$5,471$3,971$2,831$1,988$1,379$711
30 years$5,231$3,750$2,637$1,825$1,246$625
31 years$5,008$3,545$2,459$1,676$1,126$549
32 years$4,799$3,355$2,294$1,540$1,019$482
33 years$4,602$3,177$2,142$1,416$922$424
34 years$4,418$3,011$2,001$1,303$835$373
35 years$4,245$2,856$1,871$1,199$756$328
36 years$4,082$2,711$1,750$1,105$685$289
37 years$3,928$2,574$1,638$1,018$621$254
38 years$3,782$2,447$1,534$938$563$224
39 years$3,644$2,327$1,437$865$510$197
40 years$3,514$2,213$1,347$798$463$173
41 years$3,390$2,107$1,263$736$420$152
42 years$3,272$2,007$1,185$679$381$134
43 years$3,160$1,912$1,112$627$346$118
44 years$3,054$1,822$1,044$579$314$104
45 years$2,952$1,738$980$535$285$92
46 years$2,855$1,658$920$494$259$81
47 years$2,763$1,582$865$456$235$71
48 years$2,674$1,510$813$422$213$63
49 years$2,590$1,442$764$390$194$55
50 years$2,509$1,378$718$360$176$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,570,000, adding $3,351 every year, while hoping to spend $28,641 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: 66/23/11 Blend
59$2,570,000$2,570,000$2,570,000$2,570,000
60$2,835,597$2,699,387$2,659,552$3,015,734
61$3,094,354$2,801,183$2,718,173$3,237,949
62$3,378,544$2,907,007$2,777,798$3,477,036
63$3,690,732$3,017,026$2,838,430$3,737,615
64$4,033,741$3,131,415$2,900,072$4,021,783
65$4,410,684$3,250,356$2,962,726$4,331,848
66$4,824,988$3,374,038$3,026,392$4,670,348
67$5,280,430$3,502,659$3,091,069$5,040,077
68$5,781,172$3,636,427$3,156,758$5,444,114
69$6,331,796$3,775,557$3,223,454$5,885,842
70$6,937,353$3,920,273$3,291,154$6,368,989
71$7,603,409$4,070,812$3,359,853$6,897,660
72$8,336,093$4,227,418$3,429,544$7,476,371
73$9,142,161$4,390,348$3,500,220$8,110,096
74$10,029,054$4,559,869$3,571,871$8,804,312
75$11,004,975$4,736,259$3,644,486$9,565,049
76$12,078,957$4,919,811$3,718,051$10,398,949
77$13,260,958$5,110,828$3,792,552$11,313,324
78$14,561,945$5,309,629$3,867,973$12,316,226
79$15,994,007$5,516,544$3,944,293$13,416,526
80$17,570,462$5,731,920$4,021,493$14,623,992
81$19,305,984$5,956,120$4,099,548$15,949,381
82$21,216,745$6,189,520$4,178,434$17,404,543
83$23,320,562$6,432,516$4,258,121$19,002,529
84$25,637,070$6,685,520$4,338,578$20,757,717
85$28,187,902$6,948,961$4,419,772$22,685,941
86$30,996,899$7,223,291$4,501,665$24,804,644
87$34,090,329$7,508,979$4,584,217$27,133,042
88$37,497,139$7,806,515$4,667,384$29,692,301
89$41,249,225$8,116,413$4,751,120$32,505,739
90$45,381,737$8,439,208$4,835,373$35,599,045
91$49,933,406$8,775,460$4,920,090$39,000,518
92$54,946,910$9,125,755$5,005,210$42,741,333
93$60,469,282$9,490,704$5,090,671$46,855,837
94$66,552,346$9,870,945$5,176,406$51,381,872
95$73,253,211$10,267,147$5,262,341$56,361,126
96$80,634,808$10,680,008$5,348,400$61,839,531
97$88,766,487$11,110,256$5,434,499$67,867,691
98$97,724,665$11,558,655$5,520,551$74,501,362
99$107,593,553$12,026,001$5,606,462$81,801,974
100$118,465,948$12,513,128$5,692,131$89,837,210