Can I retire at age 60 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$213,054$211,156$209,305$207,497$205,733$199,227
2 years$105,472$103,508$101,604$99,758$97,968$91,472
3 years$69,616$67,644$65,745$63,916$62,155$55,873
4 years$51,692$49,725$47,845$46,048$44,329$38,310
5 years$40,940$38,985$37,130$35,369$33,699$27,958
6 years$33,775$31,834$30,006$28,285$26,664$21,207
7 years$28,658$26,734$24,936$23,255$21,685$16,510
8 years$24,823$22,916$21,147$19,508$17,990$13,094
9 years$21,841$19,953$18,214$16,616$15,150$10,528
10 years$19,457$17,587$15,880$14,323$12,909$8,554
11 years$17,508$15,657$13,980$12,466$11,102$7,006
12 years$15,885$14,053$12,407$10,934$9,621$5,775
13 years$14,513$12,700$11,085$9,653$8,389$4,785
14 years$13,338$11,544$9,960$8,569$7,354$3,980
15 years$12,320$10,545$8,992$7,642$6,475$3,323
16 years$11,430$9,675$8,153$6,843$5,723$2,781
17 years$10,646$8,910$7,419$6,148$5,074$2,333
18 years$9,950$8,234$6,772$5,541$4,512$1,961
19 years$9,328$7,631$6,200$5,006$4,021$1,651
20 years$8,769$7,091$5,690$4,534$3,592$1,392
21 years$8,263$6,605$5,234$4,115$3,214$1,175
22 years$7,804$6,166$4,824$3,742$2,881$992
23 years$7,386$5,766$4,454$3,408$2,586$839
24 years$7,003$5,403$4,119$3,108$2,325$709
25 years$6,652$5,070$3,815$2,838$2,092$600
26 years$6,328$4,765$3,538$2,595$1,884$508
27 years$6,028$4,485$3,285$2,375$1,699$431
28 years$5,750$4,226$3,054$2,176$1,533$365
29 years$5,492$3,987$2,842$1,996$1,384$309
30 years$5,252$3,765$2,647$1,832$1,251$262
31 years$5,027$3,559$2,468$1,682$1,131$222
32 years$4,817$3,368$2,303$1,546$1,023$189
33 years$4,620$3,189$2,150$1,422$926$160
34 years$4,436$3,023$2,009$1,308$838$136
35 years$4,262$2,867$1,878$1,204$759$115
36 years$4,098$2,721$1,757$1,109$688$98
37 years$3,943$2,584$1,645$1,022$623$83
38 years$3,797$2,456$1,540$942$565$70
39 years$3,658$2,336$1,443$868$512$60
40 years$3,527$2,222$1,352$801$465$51
41 years$3,403$2,115$1,268$739$422$43
42 years$3,285$2,014$1,190$682$383$36
43 years$3,172$1,919$1,116$630$347$31
44 years$3,065$1,830$1,048$581$315$26
45 years$2,963$1,745$984$537$286$22
46 years$2,866$1,664$924$496$260$19
47 years$2,774$1,588$868$458$236$16
48 years$2,685$1,516$816$423$214$14
49 years$2,600$1,448$767$391$195$12
50 years$2,519$1,383$721$362$177$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,580,000, adding $2,121 every year, while hoping to spend $38,689 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: 31/46/23 Blend
59$2,580,000$2,580,000$2,580,000$2,580,000
60$2,845,348$2,708,608$2,668,618$2,913,248
61$3,094,408$2,800,165$2,716,852$3,056,659
62$3,367,577$2,894,911$2,765,405$3,207,320
63$3,667,270$2,992,963$2,814,247$3,368,707
64$3,996,153$3,094,440$2,863,345$3,541,783
65$4,357,159$3,199,465$2,912,666$3,727,601
66$4,753,520$3,308,169$2,962,170$3,927,318
67$5,188,795$3,420,686$3,011,819$4,142,206
68$5,666,906$3,537,153$3,061,569$4,373,661
69$6,192,173$3,657,717$3,111,375$4,623,218
70$6,769,356$3,782,526$3,161,187$4,892,564
71$7,403,697$3,911,737$3,210,953$5,183,553
72$8,100,973$4,045,511$3,260,619$5,498,223
73$8,867,548$4,184,016$3,310,125$5,838,815
74$9,710,431$4,327,426$3,359,408$6,207,793
75$10,637,348$4,475,923$3,408,401$6,607,868
76$11,656,809$4,629,694$3,457,033$7,042,021
77$12,778,190$4,788,936$3,505,231$7,513,532
78$14,011,822$4,953,850$3,552,912$8,026,009
79$15,369,087$5,124,649$3,599,995$8,583,423
80$16,862,528$5,301,550$3,646,388$9,190,142
81$18,505,962$5,484,782$3,691,998$9,850,975
82$20,314,615$5,674,582$3,736,725$10,571,214
83$22,305,263$5,871,194$3,780,463$11,356,683
84$24,496,392$6,074,875$3,823,101$12,213,795
85$26,908,371$6,285,890$3,864,521$13,149,608
86$29,563,641$6,504,515$3,904,599$14,171,892
87$32,486,934$6,731,037$3,943,205$15,289,204
88$35,705,498$6,965,755$3,980,199$16,510,964
89$39,249,359$7,208,978$4,015,436$17,847,545
90$43,151,605$7,461,029$4,048,764$19,310,368
91$47,448,692$7,722,243$4,080,021$20,912,012
92$52,180,794$7,992,968$4,109,038$22,666,329
93$57,392,179$8,273,568$4,135,635$24,588,575
94$63,131,628$8,564,419$4,159,624$26,695,552
95$69,452,891$8,865,913$4,180,809$29,005,764
96$76,415,201$9,178,458$4,198,982$31,539,593
97$84,083,828$9,502,478$4,213,923$34,319,492
98$92,530,694$9,838,415$4,225,406$37,370,187
99$101,835,055$10,186,728$4,233,187$40,718,921
100$112,084,248$10,547,895$4,237,016$44,395,698