Can I retire at age 60 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$235,350$233,254$231,209$229,212$227,263$220,785
2 years$116,510$114,340$112,237$110,198$108,220$101,744
3 years$76,902$74,723$72,625$70,605$68,660$62,388
4 years$57,102$54,929$52,852$50,867$48,969$42,950
5 years$45,225$43,065$41,016$39,071$37,225$31,476
6 years$37,309$35,166$33,147$31,245$29,455$23,980
7 years$31,657$29,532$27,545$25,688$23,955$18,755
8 years$27,421$25,315$23,360$21,549$19,873$14,945
9 years$24,127$22,041$20,120$18,355$16,736$12,075
10 years$21,494$19,428$17,541$15,822$14,260$9,859
11 years$19,341$17,296$15,443$13,770$12,264$8,117
12 years$17,548$15,524$13,705$12,078$10,628$6,726
13 years$16,032$14,029$12,245$10,663$9,267$5,603
14 years$14,733$12,752$11,002$9,466$8,124$4,687
15 years$13,609$11,649$9,933$8,442$7,153$3,935
16 years$12,627$10,688$9,006$7,559$6,322$3,313
17 years$11,760$9,843$8,195$6,791$5,605$2,795
18 years$10,991$9,095$7,481$6,120$4,984$2,364
19 years$10,304$8,429$6,849$5,530$4,442$2,002
20 years$9,686$7,833$6,285$5,009$3,968$1,698
21 years$9,128$7,296$5,781$4,546$3,551$1,442
22 years$8,621$6,811$5,328$4,133$3,183$1,225
23 years$8,159$6,370$4,920$3,764$2,857$1,042
24 years$7,736$5,968$4,550$3,433$2,568$887
25 years$7,348$5,601$4,214$3,135$2,311$756
26 years$6,990$5,264$3,908$2,867$2,082$644
27 years$6,659$4,954$3,629$2,624$1,877$549
28 years$6,352$4,668$3,374$2,404$1,693$468
29 years$6,067$4,404$3,140$2,205$1,529$400
30 years$5,801$4,159$2,925$2,023$1,382$341
31 years$5,553$3,932$2,726$1,858$1,249$291
32 years$5,321$3,720$2,544$1,708$1,130$249
33 years$5,104$3,523$2,375$1,570$1,023$212
34 years$4,900$3,339$2,219$1,445$926$181
35 years$4,708$3,167$2,075$1,330$839$155
36 years$4,526$3,006$1,941$1,225$760$132
37 years$4,356$2,855$1,817$1,129$689$113
38 years$4,194$2,713$1,701$1,040$624$96
39 years$4,041$2,580$1,594$959$566$82
40 years$3,896$2,455$1,494$885$513$70
41 years$3,759$2,337$1,401$816$466$60
42 years$3,628$2,225$1,314$753$423$51
43 years$3,504$2,120$1,233$695$384$44
44 years$3,386$2,021$1,157$642$348$38
45 years$3,274$1,927$1,087$593$316$32
46 years$3,166$1,839$1,021$548$287$27
47 years$3,064$1,755$959$506$261$23
48 years$2,966$1,675$901$468$237$20
49 years$2,872$1,599$847$432$215$17
50 years$2,783$1,528$796$399$195$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,850,000, adding $2,042 every year, while hoping to spend $40,423 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: 43/47/10 Blend
59$2,850,000$2,850,000$2,850,000$2,850,000
60$3,142,806$2,991,756$2,947,581$3,268,760
61$3,420,363$3,095,343$3,003,316$3,460,284
62$3,724,875$3,202,650$3,059,562$3,663,394
63$4,059,050$3,313,818$3,116,295$3,882,517
64$4,425,870$3,428,991$3,173,488$4,119,134
65$4,828,618$3,548,321$3,231,109$4,374,873
66$5,270,913$3,671,965$3,289,127$4,651,523
67$5,756,740$3,800,085$3,347,506$4,951,048
68$6,290,489$3,932,851$3,406,210$5,275,610
69$6,876,998$4,070,439$3,465,196$5,627,582
70$7,521,594$4,213,033$3,524,423$6,009,577
71$8,230,148$4,360,822$3,583,842$6,424,464
72$9,009,126$4,514,006$3,643,404$6,875,400
73$9,865,655$4,672,791$3,703,056$7,365,860
74$10,807,585$4,837,390$3,762,741$7,899,661
75$11,843,563$5,008,027$3,822,398$8,481,007
76$12,983,120$5,184,934$3,881,962$9,114,520
77$14,236,754$5,368,352$3,941,364$9,805,289
78$15,616,034$5,558,532$4,000,530$10,558,910
79$17,133,705$5,755,735$4,059,383$11,381,544
80$18,803,811$5,960,234$4,117,840$12,279,972
81$20,641,825$6,172,311$4,175,813$13,261,657
82$22,664,797$6,392,260$4,233,209$14,334,813
83$24,891,514$6,620,389$4,289,930$15,508,484
84$27,342,676$6,857,015$4,345,870$16,792,625
85$30,041,091$7,102,471$4,400,919$18,198,197
86$33,011,893$7,357,103$4,454,960$19,737,268
87$36,282,775$7,621,270$4,507,870$21,423,125
88$39,884,252$7,895,347$4,559,518$23,270,400
89$43,849,951$8,179,723$4,609,766$25,295,205
90$48,216,921$8,474,805$4,658,469$27,515,282
91$53,025,993$8,781,016$4,705,473$29,950,172
92$58,322,154$9,098,796$4,750,617$32,621,393
93$64,154,980$9,428,604$4,793,729$35,552,646
94$70,579,100$9,770,917$4,834,631$38,770,034
95$77,654,710$10,126,233$4,873,133$42,302,308
96$85,448,143$10,495,071$4,909,035$46,181,136
97$94,032,495$10,877,971$4,942,129$50,441,400
98$103,488,312$11,275,495$4,972,194$55,121,522
99$113,904,356$11,688,229$4,998,997$60,263,829
100$125,378,432$12,116,785$5,022,296$65,914,943