Can I retire at age 60 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$232,873$230,799$228,775$226,800$224,871$218,022
2 years$115,284$113,137$111,056$109,038$107,081$100,240
3 years$76,092$73,936$71,860$69,862$67,937$61,317
4 years$56,501$54,351$52,296$50,332$48,453$42,107
5 years$44,748$42,612$40,584$38,659$36,833$30,777
6 years$36,916$34,796$32,798$30,916$29,145$23,384
7 years$31,324$29,221$27,255$25,418$23,703$18,236
8 years$27,132$25,048$23,114$21,323$19,664$14,489
9 years$23,873$21,809$19,909$18,162$16,560$11,671
10 years$21,267$19,223$17,357$15,656$14,110$9,500
11 years$19,137$17,113$15,281$13,625$12,135$7,796
12 years$17,363$15,360$13,561$11,951$10,516$6,439
13 years$15,863$13,881$12,116$10,551$9,170$5,346
14 years$14,578$12,618$10,886$9,366$8,038$4,456
15 years$13,466$11,526$9,829$8,353$7,078$3,728
16 years$12,494$10,575$8,911$7,479$6,255$3,127
17 years$11,637$9,739$8,109$6,720$5,546$2,629
18 years$10,876$9,000$7,402$6,056$4,931$2,215
19 years$10,196$8,341$6,777$5,472$4,396$1,869
20 years$9,584$7,751$6,219$4,956$3,926$1,579
21 years$9,032$7,219$5,720$4,498$3,513$1,336
22 years$8,530$6,739$5,272$4,090$3,149$1,131
23 years$8,073$6,303$4,868$3,725$2,827$958
24 years$7,655$5,905$4,502$3,397$2,541$812
25 years$7,270$5,542$4,170$3,102$2,287$689
26 years$6,916$5,209$3,867$2,837$2,060$585
27 years$6,589$4,902$3,591$2,596$1,857$497
28 years$6,285$4,619$3,338$2,379$1,676$422
29 years$6,003$4,357$3,107$2,181$1,513$359
30 years$5,740$4,115$2,894$2,002$1,367$305
31 years$5,495$3,890$2,698$1,839$1,236$259
32 years$5,265$3,681$2,517$1,690$1,118$220
33 years$5,050$3,486$2,350$1,554$1,012$187
34 years$4,848$3,304$2,196$1,430$916$159
35 years$4,658$3,134$2,053$1,316$830$135
36 years$4,479$2,974$1,921$1,212$752$115
37 years$4,310$2,825$1,798$1,117$681$98
38 years$4,150$2,685$1,683$1,029$618$83
39 years$3,999$2,553$1,577$949$560$71
40 years$3,855$2,429$1,478$875$508$60
41 years$3,719$2,312$1,386$808$461$51
42 years$3,590$2,202$1,300$745$418$44
43 years$3,467$2,098$1,220$688$380$37
44 years$3,351$2,000$1,145$635$345$32
45 years$3,239$1,907$1,075$587$313$27
46 years$3,133$1,819$1,010$542$284$23
47 years$3,032$1,736$949$501$258$19
48 years$2,935$1,657$892$463$234$17
49 years$2,842$1,583$838$428$213$14
50 years$2,753$1,512$788$395$193$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,820,000, adding $6,712 every year, while hoping to spend $43,819 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: 49/42/9 Blend
59$2,820,000$2,820,000$2,820,000$2,820,000
60$3,114,563$2,965,103$2,921,393$3,259,391
61$3,385,626$3,063,770$2,972,637$3,457,936
62$3,682,868$3,165,803$3,024,129$3,668,292
63$4,008,914$3,271,321$3,075,830$3,895,760
64$4,366,654$3,380,447$3,127,702$4,141,951
65$4,759,272$3,493,308$3,179,698$4,408,636
66$5,190,274$3,610,036$3,231,775$4,697,763
67$5,663,523$3,730,769$3,283,881$5,011,473
68$6,183,275$3,855,649$3,335,963$5,352,123
69$6,754,216$3,984,824$3,387,965$5,722,303
70$7,381,512$4,118,446$3,439,828$6,124,864
71$8,070,850$4,256,674$3,491,486$6,562,941
72$8,828,498$4,399,672$3,542,872$7,039,985
73$9,661,361$4,547,611$3,593,914$7,559,793
74$10,577,044$4,700,669$3,644,535$8,126,543
75$11,583,930$4,859,029$3,694,654$8,744,835
76$12,691,250$5,022,881$3,744,184$9,419,730
77$13,909,179$5,192,423$3,793,036$10,156,800
78$15,248,924$5,367,861$3,841,111$10,962,179
79$16,722,835$5,549,407$3,888,309$11,842,620
80$18,344,519$5,737,282$3,934,522$12,805,558
81$20,128,966$5,931,716$3,979,635$13,859,179
82$22,092,696$6,132,946$4,023,529$15,012,495
83$24,253,911$6,341,219$4,066,076$16,275,433
84$26,632,663$6,556,792$4,107,143$17,658,923
85$29,251,051$6,779,931$4,146,588$19,175,000
86$32,133,423$7,010,912$4,184,264$20,836,921
87$35,306,608$7,250,023$4,220,012$22,659,285
88$38,800,168$7,497,561$4,253,669$24,658,170
89$42,646,679$7,753,835$4,285,061$26,851,288
90$46,882,034$8,019,166$4,314,004$29,258,144
91$51,545,784$8,293,889$4,340,307$31,900,226
92$56,681,514$8,578,349$4,363,767$34,801,201
93$62,337,247$8,872,907$4,384,172$37,987,140
94$68,565,903$9,177,936$4,401,298$41,486,764
95$75,425,795$9,493,824$4,414,911$45,331,709
96$82,981,180$9,820,976$4,424,764$49,556,829
97$91,302,866$10,159,809$4,430,599$54,200,519
98$100,468,878$10,510,760$4,432,144$59,305,078
99$110,565,197$10,874,280$4,429,115$64,917,106
100$121,686,568$11,250,841$4,421,211$71,087,945