Can I retire at age 60 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$232,047$229,980$227,964$225,995$224,073$218,391
2 years$114,875$112,735$110,662$108,652$106,702$101,013
3 years$75,822$73,674$71,606$69,614$67,696$62,180
4 years$56,300$54,158$52,111$50,153$48,281$42,980
5 years$44,590$42,461$40,440$38,522$36,703$31,631
6 years$36,785$34,672$32,681$30,807$29,042$24,204
7 years$31,213$29,118$27,158$25,328$23,619$19,016
8 years$27,036$24,959$23,033$21,247$19,594$15,224
9 years$23,788$21,732$19,838$18,098$16,501$12,360
10 years$21,192$19,155$17,295$15,600$14,060$10,143
11 years$19,069$17,053$15,226$13,577$12,092$8,393
12 years$17,301$15,306$13,513$11,909$10,478$6,992
13 years$15,807$13,832$12,073$10,514$9,137$5,856
14 years$14,527$12,573$10,848$9,333$8,010$4,926
15 years$13,418$11,485$9,794$8,323$7,052$4,158
16 years$12,449$10,538$8,880$7,453$6,233$3,521
17 years$11,595$9,705$8,080$6,696$5,527$2,989
18 years$10,837$8,968$7,376$6,035$4,914$2,542
19 years$10,159$8,311$6,752$5,453$4,380$2,166
20 years$9,550$7,723$6,197$4,938$3,912$1,848
21 years$9,000$7,194$5,700$4,482$3,501$1,579
22 years$8,500$6,715$5,254$4,075$3,138$1,350
23 years$8,045$6,281$4,851$3,711$2,817$1,156
24 years$7,628$5,884$4,486$3,385$2,532$990
25 years$7,245$5,522$4,155$3,091$2,278$849
26 years$6,892$5,190$3,854$2,827$2,052$728
27 years$6,565$4,884$3,578$2,587$1,850$625
28 years$6,263$4,603$3,327$2,370$1,670$536
29 years$5,982$4,342$3,096$2,174$1,508$461
30 years$5,720$4,101$2,883$1,995$1,362$396
31 years$5,475$3,876$2,688$1,832$1,232$340
32 years$5,247$3,668$2,508$1,684$1,114$292
33 years$5,032$3,474$2,342$1,548$1,008$251
34 years$4,831$3,292$2,188$1,425$913$216
35 years$4,641$3,123$2,046$1,312$827$186
36 years$4,463$2,964$1,914$1,208$749$160
37 years$4,294$2,815$1,791$1,113$679$137
38 years$4,135$2,675$1,677$1,026$616$118
39 years$3,985$2,544$1,572$946$558$102
40 years$3,842$2,420$1,473$872$506$87
41 years$3,706$2,304$1,381$805$459$75
42 years$3,578$2,194$1,296$743$417$65
43 years$3,455$2,090$1,216$686$378$56
44 years$3,339$1,993$1,141$633$343$48
45 years$3,228$1,900$1,072$585$312$41
46 years$3,122$1,813$1,006$540$283$35
47 years$3,021$1,730$946$499$257$31
48 years$2,924$1,651$889$461$233$26
49 years$2,832$1,577$835$426$212$23
50 years$2,744$1,506$785$394$193$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,810,000, adding $6,845 every year, while hoping to spend $20,252 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: 35/35/30 Blend
59$2,810,000$2,810,000$2,810,000$2,810,000
60$3,103,681$2,954,751$2,911,196$3,184,098
61$3,398,708$3,077,985$2,987,173$3,368,492
62$3,723,150$3,206,580$3,065,016$3,565,021
63$4,079,984$3,340,776$3,144,767$3,776,693
64$4,472,493$3,480,824$3,226,468$4,004,879
65$4,904,294$3,626,991$3,310,161$4,251,085
66$5,379,369$3,779,551$3,395,889$4,516,963
67$5,902,110$3,938,794$3,483,696$4,804,324
68$6,477,352$4,105,022$3,573,627$5,115,161
69$7,110,426$4,278,552$3,665,728$5,451,658
70$7,807,204$4,459,716$3,760,044$5,816,216
71$8,574,155$4,648,858$3,856,622$6,211,474
72$9,418,410$4,846,344$3,955,510$6,640,328
73$10,347,825$5,052,551$4,056,756$7,105,964
74$11,371,055$5,267,878$4,160,409$7,611,880
75$12,497,638$5,492,740$4,266,519$8,161,925
76$13,738,085$5,727,572$4,375,135$8,760,327
77$15,103,977$5,972,830$4,486,310$9,411,735
78$16,608,075$6,228,991$4,600,093$10,121,264
79$18,264,442$6,496,554$4,716,539$10,894,537
80$20,088,571$6,776,042$4,835,699$11,737,737
81$22,097,538$7,068,000$4,957,628$12,657,669
82$24,310,157$7,373,003$5,082,379$13,661,817
83$26,747,162$7,691,649$5,210,007$14,758,413
84$29,431,398$8,024,565$5,340,568$15,956,518
85$32,388,041$8,372,409$5,474,117$17,266,101
86$35,644,833$8,735,869$5,610,712$18,698,131
87$39,232,344$9,115,665$5,750,409$20,264,681
88$43,184,260$9,512,550$5,893,265$21,979,040
89$47,537,704$9,927,314$6,039,339$23,855,833
90$52,333,582$10,360,785$6,188,689$25,911,159
91$57,616,971$10,813,827$6,341,373$28,162,742
92$63,437,544$11,287,346$6,497,452$30,630,090
93$69,850,041$11,782,294$6,656,984$33,334,684
94$76,914,781$12,299,662$6,820,028$36,300,173
95$84,698,236$12,840,492$6,986,646$39,552,597
96$93,273,654$13,405,875$7,156,898$43,120,625
97$102,721,756$13,996,952$7,330,843$47,035,830
98$113,131,491$14,614,919$7,508,542$51,332,977
99$124,600,881$15,261,027$7,690,056$56,050,352
100$137,237,943$15,936,589$7,875,444$61,230,118