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

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$212,228$210,338$208,493$206,693$204,935$203,729
2 years$105,063$103,107$101,210$99,372$97,588$96,371
3 years$69,347$67,381$65,490$63,668$61,914$60,724
4 years$51,492$49,532$47,660$45,870$44,158$43,004
5 years$40,781$38,834$36,986$35,232$33,568$32,454
6 years$33,644$31,711$29,890$28,175$26,561$25,488
7 years$28,547$26,631$24,839$23,165$21,601$20,570
8 years$24,727$22,828$21,065$19,432$17,920$16,930
9 years$21,757$19,875$18,144$16,552$15,092$14,143
10 years$19,382$17,519$15,818$14,268$12,859$11,951
11 years$17,440$15,596$13,926$12,417$11,059$10,191
12 years$15,824$13,998$12,359$10,892$9,583$8,755
13 years$14,457$12,650$11,042$9,616$8,357$7,567
14 years$13,286$11,499$9,921$8,536$7,326$6,574
15 years$12,272$10,505$8,957$7,612$6,450$5,735
16 years$11,386$9,638$8,121$6,816$5,701$5,021
17 years$10,605$8,876$7,390$6,124$5,055$4,410
18 years$9,912$8,202$6,746$5,519$4,494$3,883
19 years$9,292$7,601$6,176$4,987$4,006$3,427
20 years$8,735$7,064$5,668$4,517$3,578$3,031
21 years$8,231$6,579$5,213$4,099$3,202$2,685
22 years$7,774$6,142$4,805$3,727$2,870$2,382
23 years$7,358$5,744$4,436$3,394$2,576$2,116
24 years$6,976$5,382$4,103$3,096$2,316$1,882
25 years$6,626$5,051$3,800$2,827$2,084$1,675
26 years$6,303$4,747$3,524$2,585$1,877$1,493
27 years$6,005$4,467$3,273$2,366$1,692$1,331
28 years$5,728$4,209$3,042$2,168$1,527$1,188
29 years$5,471$3,971$2,831$1,988$1,379$1,061
30 years$5,231$3,750$2,637$1,825$1,246$948
31 years$5,008$3,545$2,459$1,676$1,126$847
32 years$4,799$3,355$2,294$1,540$1,019$758
33 years$4,602$3,177$2,142$1,416$922$678
34 years$4,418$3,011$2,001$1,303$835$607
35 years$4,245$2,856$1,871$1,199$756$543
36 years$4,082$2,711$1,750$1,105$685$487
37 years$3,928$2,574$1,638$1,018$621$436
38 years$3,782$2,447$1,534$938$563$390
39 years$3,644$2,327$1,437$865$510$350
40 years$3,514$2,213$1,347$798$463$314
41 years$3,390$2,107$1,263$736$420$281
42 years$3,272$2,007$1,185$679$381$252
43 years$3,160$1,912$1,112$627$346$226
44 years$3,054$1,822$1,044$579$314$203
45 years$2,952$1,738$980$535$285$182
46 years$2,855$1,658$920$494$259$163
47 years$2,763$1,582$865$456$235$146
48 years$2,674$1,510$813$422$213$131
49 years$2,590$1,442$764$390$194$118
50 years$2,509$1,378$718$360$176$106

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 $6,895 every year, while hoping to spend $29,704 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: 74/21/5 Blend
59$2,570,000$2,570,000$2,570,000$2,570,000
60$2,839,252$2,703,042$2,663,207$3,047,806
61$3,097,251$2,803,886$2,720,820$3,286,777
62$3,380,570$2,908,676$2,779,367$3,544,014
63$3,691,761$3,017,574$2,838,848$3,824,937
64$4,033,634$3,130,749$2,899,263$4,131,873
65$4,409,286$3,248,376$2,960,609$4,467,387
66$4,822,127$3,370,641$3,022,884$4,834,301
67$5,275,915$3,497,733$3,086,081$5,235,721
68$5,774,790$3,629,854$3,150,197$5,675,067
69$6,323,314$3,767,212$3,215,224$6,156,104
70$6,926,511$3,910,025$3,281,153$6,682,978
71$7,589,919$4,058,519$3,347,975$7,260,253
72$8,319,636$4,212,932$3,415,678$7,892,956
73$9,122,384$4,373,511$3,484,248$8,586,621
74$10,005,568$4,540,514$3,553,671$9,347,343
75$10,977,347$4,714,210$3,623,930$10,181,833
76$12,046,710$4,894,881$3,695,006$11,097,485
77$13,223,564$5,082,819$3,766,877$12,102,438
78$14,518,821$5,278,330$3,839,521$13,205,661
79$15,944,507$5,481,735$3,912,912$14,417,028
80$17,513,874$5,693,367$3,987,022$15,747,417
81$19,241,521$5,913,575$4,061,820$17,208,811
82$21,143,538$6,142,721$4,137,272$18,814,407
83$23,237,650$6,381,186$4,213,342$20,578,743
84$25,543,393$6,629,366$4,289,991$22,517,834
85$28,082,289$6,887,676$4,367,176$24,649,323
86$30,878,058$7,156,547$4,444,851$26,992,643
87$33,956,832$7,436,430$4,522,967$29,569,203
88$37,347,413$7,727,799$4,601,469$32,402,591
89$41,081,532$8,031,144$4,680,302$35,518,789
90$45,194,159$8,346,981$4,759,403$38,946,425
91$49,723,827$8,675,846$4,838,706$42,717,036
92$54,712,996$9,018,302$4,918,142$46,865,369
93$60,208,457$9,374,934$4,997,635$51,429,706
94$66,261,769$9,746,356$5,077,105$56,452,222
95$72,929,749$10,133,206$5,156,468$61,979,389
96$80,275,005$10,536,155$5,235,631$68,062,404
97$88,366,529$10,955,900$5,314,498$74,757,679
98$97,280,348$11,393,172$5,392,967$82,127,368
99$107,100,240$11,848,734$5,470,928$90,239,952
100$117,918,526$12,323,384$5,548,265$99,170,888