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

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$213,054$211,156$209,305$207,497$205,733$198,118
2 years$105,472$103,508$101,604$99,758$97,968$90,382
3 years$69,616$67,644$65,745$63,916$62,155$54,837
4 years$51,692$49,725$47,845$46,048$44,329$37,335
5 years$40,940$38,985$37,130$35,369$33,699$27,045
6 years$33,775$31,834$30,006$28,285$26,664$20,358
7 years$28,658$26,734$24,936$23,255$21,685$15,723
8 years$24,823$22,916$21,147$19,508$17,990$12,367
9 years$21,841$19,953$18,214$16,616$15,150$9,859
10 years$19,457$17,587$15,880$14,323$12,909$7,939
11 years$17,508$15,657$13,980$12,466$11,102$6,444
12 years$15,885$14,053$12,407$10,934$9,621$5,262
13 years$14,513$12,700$11,085$9,653$8,389$4,319
14 years$13,338$11,544$9,960$8,569$7,354$3,558
15 years$12,320$10,545$8,992$7,642$6,475$2,940
16 years$11,430$9,675$8,153$6,843$5,723$2,437
17 years$10,646$8,910$7,419$6,148$5,074$2,023
18 years$9,950$8,234$6,772$5,541$4,512$1,683
19 years$9,328$7,631$6,200$5,006$4,021$1,402
20 years$8,769$7,091$5,690$4,534$3,592$1,169
21 years$8,263$6,605$5,234$4,115$3,214$976
22 years$7,804$6,166$4,824$3,742$2,881$815
23 years$7,386$5,766$4,454$3,408$2,586$682
24 years$7,003$5,403$4,119$3,108$2,325$570
25 years$6,652$5,070$3,815$2,838$2,092$477
26 years$6,328$4,765$3,538$2,595$1,884$400
27 years$6,028$4,485$3,285$2,375$1,699$335
28 years$5,750$4,226$3,054$2,176$1,533$280
29 years$5,492$3,987$2,842$1,996$1,384$235
30 years$5,252$3,765$2,647$1,832$1,251$197
31 years$5,027$3,559$2,468$1,682$1,131$165
32 years$4,817$3,368$2,303$1,546$1,023$138
33 years$4,620$3,189$2,150$1,422$926$116
34 years$4,436$3,023$2,009$1,308$838$97
35 years$4,262$2,867$1,878$1,204$759$82
36 years$4,098$2,721$1,757$1,109$688$68
37 years$3,943$2,584$1,645$1,022$623$57
38 years$3,797$2,456$1,540$942$565$48
39 years$3,658$2,336$1,443$868$512$40
40 years$3,527$2,222$1,352$801$465$34
41 years$3,403$2,115$1,268$739$422$28
42 years$3,285$2,014$1,190$682$383$24
43 years$3,172$1,919$1,116$630$347$20
44 years$3,065$1,830$1,048$581$315$17
45 years$2,963$1,745$984$537$286$14
46 years$2,866$1,664$924$496$260$12
47 years$2,774$1,588$868$458$236$10
48 years$2,685$1,516$816$423$214$8
49 years$2,600$1,448$767$391$195$7
50 years$2,519$1,383$721$362$177$6

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 $4,136 every year, while hoping to spend $36,542 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: 71/9/20 Blend
59$2,580,000$2,580,000$2,580,000$2,580,000
60$2,847,426$2,710,686$2,670,696$3,035,476
61$3,098,983$2,804,630$2,721,284$3,255,229
62$3,374,975$2,901,951$2,772,342$3,491,014
63$3,677,853$3,002,778$2,823,847$3,748,263
64$4,010,323$3,107,243$2,875,774$4,029,099
65$4,375,360$3,215,482$2,928,097$4,335,857
66$4,776,245$3,327,639$2,980,786$4,671,113
67$5,216,589$3,443,860$3,033,810$5,037,699
68$5,700,374$3,564,302$3,087,135$5,438,738
69$6,231,983$3,689,124$3,140,725$5,877,668
70$6,816,246$3,818,492$3,194,540$6,358,276
71$7,458,485$3,952,580$3,248,539$6,884,733
72$8,164,563$4,091,568$3,302,678$7,461,634
73$8,940,937$4,235,644$3,356,906$8,094,040
74$9,794,725$4,385,003$3,411,175$8,787,527
75$10,733,767$4,539,848$3,465,429$9,548,238
76$11,766,700$4,700,389$3,519,610$10,382,940
77$12,903,042$4,866,847$3,573,655$11,299,086
78$14,153,279$5,039,449$3,627,500$12,304,889
79$15,528,965$5,218,434$3,681,073$13,409,399
80$17,042,831$5,404,049$3,734,300$14,622,583
81$18,708,904$5,596,551$3,787,103$15,955,424
82$20,542,639$5,796,209$3,839,398$17,420,024
83$22,561,065$6,003,301$3,891,095$19,029,715
84$24,782,948$6,218,117$3,942,101$20,799,187
85$27,228,964$6,440,959$3,992,316$22,744,625
86$29,921,895$6,672,143$4,041,636$24,883,864
87$32,886,846$6,911,996$4,089,948$27,236,554
88$36,151,478$7,160,858$4,137,136$29,824,345
89$39,746,274$7,419,085$4,183,075$32,671,097
90$43,704,820$7,687,046$4,227,634$35,803,095
91$48,064,128$7,965,127$4,270,675$39,249,306
92$52,864,979$8,253,729$4,312,053$43,041,647
93$58,152,314$8,553,269$4,351,614$47,215,288
94$63,975,653$8,864,182$4,389,196$51,808,982
95$70,389,564$9,186,921$4,424,629$56,865,433
96$77,454,179$9,521,960$4,457,733$62,431,696
97$85,235,758$9,869,789$4,488,320$68,559,623
98$93,807,318$10,230,920$4,516,191$75,306,351
99$103,249,318$10,605,890$4,541,138$82,734,840
100$113,650,422$10,995,252$4,562,940$90,914,471