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%17.6%
1 years$235,350$233,254$231,209$229,212$227,263$220,253
2 years$116,510$114,340$112,237$110,198$108,220$101,219
3 years$76,902$74,723$72,625$70,605$68,660$61,887
4 years$57,102$54,929$52,852$50,867$48,969$42,476
5 years$45,225$43,065$41,016$39,071$37,225$31,030
6 years$37,309$35,166$33,147$31,245$29,455$23,563
7 years$31,657$29,532$27,545$25,688$23,955$18,366
8 years$27,421$25,315$23,360$21,549$19,873$14,583
9 years$24,127$22,041$20,120$18,355$16,736$11,740
10 years$21,494$19,428$17,541$15,822$14,260$9,550
11 years$19,341$17,296$15,443$13,770$12,264$7,832
12 years$17,548$15,524$13,705$12,078$10,628$6,464
13 years$16,032$14,029$12,245$10,663$9,267$5,363
14 years$14,733$12,752$11,002$9,466$8,124$4,468
15 years$13,609$11,649$9,933$8,442$7,153$3,735
16 years$12,627$10,688$9,006$7,559$6,322$3,131
17 years$11,760$9,843$8,195$6,791$5,605$2,630
18 years$10,991$9,095$7,481$6,120$4,984$2,214
19 years$10,304$8,429$6,849$5,530$4,442$1,867
20 years$9,686$7,833$6,285$5,009$3,968$1,576
21 years$9,128$7,296$5,781$4,546$3,551$1,332
22 years$8,621$6,811$5,328$4,133$3,183$1,127
23 years$8,159$6,370$4,920$3,764$2,857$954
24 years$7,736$5,968$4,550$3,433$2,568$808
25 years$7,348$5,601$4,214$3,135$2,311$685
26 years$6,990$5,264$3,908$2,867$2,082$581
27 years$6,659$4,954$3,629$2,624$1,877$493
28 years$6,352$4,668$3,374$2,404$1,693$418
29 years$6,067$4,404$3,140$2,205$1,529$355
30 years$5,801$4,159$2,925$2,023$1,382$302
31 years$5,553$3,932$2,726$1,858$1,249$256
32 years$5,321$3,720$2,544$1,708$1,130$218
33 years$5,104$3,523$2,375$1,570$1,023$185
34 years$4,900$3,339$2,219$1,445$926$157
35 years$4,708$3,167$2,075$1,330$839$134
36 years$4,526$3,006$1,941$1,225$760$114
37 years$4,356$2,855$1,817$1,129$689$96
38 years$4,194$2,713$1,701$1,040$624$82
39 years$4,041$2,580$1,594$959$566$70
40 years$3,896$2,455$1,494$885$513$59
41 years$3,759$2,337$1,401$816$466$50
42 years$3,628$2,225$1,314$753$423$43
43 years$3,504$2,120$1,233$695$384$36
44 years$3,386$2,021$1,157$642$348$31
45 years$3,274$1,927$1,087$593$316$26
46 years$3,166$1,839$1,021$548$287$22
47 years$3,064$1,755$959$506$261$19
48 years$2,966$1,675$901$468$237$16
49 years$2,872$1,599$847$432$215$14
50 years$2,783$1,528$796$399$195$12

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 $4,358 every year, while hoping to spend $39,520 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: 52/32/16 Blend
59$2,850,000$2,850,000$2,850,000$2,850,000
60$3,145,195$2,994,145$2,949,970$3,294,871
61$3,423,956$3,098,809$3,006,745$3,502,583
62$3,729,826$3,207,278$3,064,098$3,723,851
63$4,065,529$3,319,694$3,122,005$3,963,635
64$4,434,064$3,436,210$3,180,443$4,223,700
65$4,838,735$3,556,982$3,239,385$4,505,988
66$5,283,184$3,682,172$3,298,803$4,812,635
67$5,771,420$3,811,949$3,358,663$5,145,990
68$6,307,860$3,946,490$3,418,934$5,508,639
69$6,897,372$4,085,978$3,479,578$5,903,426
70$7,545,316$4,230,603$3,540,557$6,333,481
71$8,257,600$4,380,564$3,601,827$6,802,248
72$9,040,730$4,536,067$3,663,343$7,313,519
73$9,901,876$4,697,326$3,725,057$7,871,465
74$10,848,938$4,864,566$3,786,917$8,480,679
75$11,890,618$5,038,017$3,848,866$9,146,219
76$13,036,504$5,217,924$3,910,847$9,873,649
77$14,297,162$5,404,536$3,972,794$10,669,098
78$15,684,231$5,598,117$4,034,642$11,539,314
79$17,210,537$5,798,939$4,096,317$12,491,725
80$18,890,212$6,007,287$4,157,743$13,534,513
81$20,738,825$6,223,456$4,218,839$14,676,686
82$22,773,534$6,447,754$4,279,520$15,928,164
83$25,013,243$6,680,503$4,339,692$17,299,875
84$27,478,782$6,922,036$4,399,260$18,803,849
85$30,193,103$7,172,700$4,458,120$20,453,340
86$33,181,496$7,432,860$4,516,164$22,262,944
87$36,471,830$7,702,890$4,573,276$24,248,737
88$40,094,810$7,983,186$4,629,335$26,428,429
89$44,084,275$8,274,156$4,684,211$28,821,526
90$48,477,509$8,576,227$4,737,770$31,449,514
91$53,315,596$8,889,844$4,789,867$34,336,063
92$58,643,810$9,215,469$4,840,350$37,507,245
93$64,512,037$9,553,586$4,889,061$40,991,785
94$70,975,251$9,904,697$4,935,830$44,821,324
95$78,094,026$10,269,327$4,980,480$49,030,722
96$85,935,114$10,648,021$5,022,823$53,658,382
97$94,572,071$11,041,350$5,062,663$58,746,615
98$104,085,952$11,449,906$5,099,793$64,342,033
99$114,566,076$11,874,309$5,133,993$70,495,992
100$126,110,869$12,315,203$5,165,035$77,265,071