Can I retire at age 60 with 2,590,000?

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 $2,590,000?

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$213,880$211,975$210,116$208,302$206,530$205,315
2 years$105,881$103,909$101,998$100,145$98,348$97,121
3 years$69,886$67,906$65,999$64,164$62,396$61,197
4 years$51,892$49,918$48,031$46,226$44,501$43,339
5 years$41,099$39,136$37,274$35,506$33,829$32,706
6 years$33,905$31,958$30,123$28,395$26,768$25,686
7 years$28,769$26,838$25,032$23,345$21,769$20,730
8 years$24,919$23,005$21,229$19,583$18,060$17,062
9 years$21,926$20,030$18,285$16,681$15,209$14,253
10 years$19,533$17,656$15,941$14,379$12,959$12,044
11 years$17,576$15,718$14,034$12,514$11,145$10,270
12 years$15,947$14,107$12,455$10,976$9,658$8,823
13 years$14,569$12,749$11,128$9,691$8,422$7,626
14 years$13,389$11,588$9,998$8,602$7,383$6,625
15 years$12,368$10,586$9,027$7,672$6,500$5,779
16 years$11,475$9,713$8,184$6,869$5,745$5,060
17 years$10,688$8,945$7,448$6,172$5,094$4,444
18 years$9,989$8,266$6,799$5,562$4,529$3,913
19 years$9,364$7,660$6,224$5,026$4,037$3,454
20 years$8,803$7,118$5,712$4,552$3,606$3,054
21 years$8,295$6,631$5,254$4,131$3,227$2,705
22 years$7,835$6,189$4,842$3,756$2,892$2,400
23 years$7,415$5,789$4,471$3,421$2,596$2,132
24 years$7,030$5,424$4,135$3,120$2,334$1,896
25 years$6,677$5,090$3,830$2,849$2,100$1,688
26 years$6,352$4,784$3,552$2,605$1,892$1,504
27 years$6,051$4,502$3,298$2,385$1,705$1,342
28 years$5,773$4,242$3,066$2,185$1,539$1,197
29 years$5,513$4,002$2,853$2,004$1,390$1,069
30 years$5,272$3,780$2,658$1,839$1,256$955
31 years$5,047$3,573$2,478$1,689$1,135$854
32 years$4,836$3,381$2,312$1,552$1,027$764
33 years$4,638$3,202$2,159$1,427$929$683
34 years$4,453$3,034$2,017$1,313$841$612
35 years$4,278$2,878$1,886$1,209$762$548
36 years$4,114$2,732$1,764$1,113$690$490
37 years$3,958$2,594$1,651$1,026$626$439
38 years$3,811$2,466$1,546$945$567$393
39 years$3,673$2,345$1,448$872$514$353
40 years$3,541$2,231$1,358$804$467$316
41 years$3,416$2,123$1,273$742$423$283
42 years$3,297$2,022$1,194$685$384$254
43 years$3,185$1,927$1,121$632$349$228
44 years$3,077$1,837$1,052$584$316$204
45 years$2,975$1,751$988$539$287$183
46 years$2,877$1,671$928$498$261$164
47 years$2,784$1,594$871$460$237$147
48 years$2,695$1,522$819$425$215$132
49 years$2,610$1,454$770$393$195$119
50 years$2,529$1,388$724$363$177$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,590,000, adding $5,935 every year, while hoping to spend $30,879 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: 37/47/16 Blend
59$2,590,000$2,590,000$2,590,000$2,590,000
60$2,860,302$2,723,032$2,682,887$2,952,033
61$3,119,198$2,823,606$2,739,909$3,119,188
62$3,403,466$2,928,072$2,797,806$3,296,243
63$3,715,662$3,036,590$2,856,575$3,486,829
64$4,058,601$3,149,325$2,916,211$3,692,175
65$4,435,384$3,266,447$2,976,710$3,913,628
66$4,849,427$3,388,137$3,038,063$4,152,670
67$5,304,494$3,514,581$3,100,264$4,410,925
68$5,804,731$3,645,974$3,163,302$4,690,179
69$6,354,706$3,782,520$3,227,165$4,992,392
70$6,959,453$3,924,430$3,291,842$5,319,720
71$7,624,515$4,071,925$3,357,317$5,674,530
72$8,356,003$4,225,236$3,423,574$6,059,423
73$9,160,646$4,384,604$3,490,595$6,477,261
74$10,045,862$4,550,280$3,558,360$6,931,186
75$11,019,821$4,722,525$3,626,846$7,424,657
76$12,091,526$4,901,612$3,696,028$7,961,475
77$13,270,897$5,087,826$3,765,881$8,545,821
78$14,568,864$5,281,465$3,836,373$9,182,293
79$15,997,470$5,482,839$3,907,474$9,875,949
80$17,569,986$5,692,271$3,979,147$10,632,355
81$19,301,032$5,910,100$4,051,357$11,457,632
82$21,206,720$6,136,678$4,124,060$12,358,517
83$23,304,804$6,372,374$4,197,215$13,342,422
84$25,614,845$6,617,571$4,270,772$14,417,507
85$28,158,398$6,872,670$4,344,682$15,592,748
86$30,959,215$7,138,091$4,418,888$16,878,028
87$34,043,467$7,414,271$4,493,334$18,284,225
88$37,439,996$7,701,665$4,567,956$19,823,313
89$41,180,579$8,000,750$4,642,686$21,508,472
90$45,300,236$8,312,025$4,717,454$23,354,215
91$49,837,554$8,636,007$4,792,182$25,376,519
92$54,835,053$8,973,241$4,866,789$27,592,977
93$60,339,591$9,324,293$4,941,189$30,022,958
94$66,402,800$9,689,753$5,015,290$32,687,792
95$73,081,576$10,070,242$5,088,992$35,610,966
96$80,438,617$10,466,403$5,162,193$38,818,346
97$88,543,011$10,878,913$5,234,782$42,338,417
98$97,470,893$11,308,474$5,306,642$46,202,550
99$107,306,158$11,755,823$5,377,649$50,445,295
100$118,141,257$12,221,729$5,447,671$55,104,705