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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$235,350$233,254$231,209$229,212$227,263$221,949
2 years$116,510$114,340$112,237$110,198$108,220$102,897
3 years$76,902$74,723$72,625$70,605$68,660$63,493
4 years$57,102$54,929$52,852$50,867$48,969$43,999
5 years$45,225$43,065$41,016$39,071$37,225$32,466
6 years$37,309$35,166$33,147$31,245$29,455$24,911
7 years$31,657$29,532$27,545$25,688$23,955$19,627
8 years$27,421$25,315$23,360$21,549$19,873$15,759
9 years$24,127$22,041$20,120$18,355$16,736$12,833
10 years$21,494$19,428$17,541$15,822$14,260$10,564
11 years$19,341$17,296$15,443$13,770$12,264$8,769
12 years$17,548$15,524$13,705$12,078$10,628$7,329
13 years$16,032$14,029$12,245$10,663$9,267$6,159
14 years$14,733$12,752$11,002$9,466$8,124$5,198
15 years$13,609$11,649$9,933$8,442$7,153$4,404
16 years$12,627$10,688$9,006$7,559$6,322$3,742
17 years$11,760$9,843$8,195$6,791$5,605$3,188
18 years$10,991$9,095$7,481$6,120$4,984$2,722
19 years$10,304$8,429$6,849$5,530$4,442$2,328
20 years$9,686$7,833$6,285$5,009$3,968$1,994
21 years$9,128$7,296$5,781$4,546$3,551$1,710
22 years$8,621$6,811$5,328$4,133$3,183$1,468
23 years$8,159$6,370$4,920$3,764$2,857$1,262
24 years$7,736$5,968$4,550$3,433$2,568$1,085
25 years$7,348$5,601$4,214$3,135$2,311$934
26 years$6,990$5,264$3,908$2,867$2,082$804
27 years$6,659$4,954$3,629$2,624$1,877$693
28 years$6,352$4,668$3,374$2,404$1,693$597
29 years$6,067$4,404$3,140$2,205$1,529$515
30 years$5,801$4,159$2,925$2,023$1,382$444
31 years$5,553$3,932$2,726$1,858$1,249$383
32 years$5,321$3,720$2,544$1,708$1,130$331
33 years$5,104$3,523$2,375$1,570$1,023$286
34 years$4,900$3,339$2,219$1,445$926$247
35 years$4,708$3,167$2,075$1,330$839$213
36 years$4,526$3,006$1,941$1,225$760$184
37 years$4,356$2,855$1,817$1,129$689$159
38 years$4,194$2,713$1,701$1,040$624$137
39 years$4,041$2,580$1,594$959$566$118
40 years$3,896$2,455$1,494$885$513$102
41 years$3,759$2,337$1,401$816$466$88
42 years$3,628$2,225$1,314$753$423$76
43 years$3,504$2,120$1,233$695$384$66
44 years$3,386$2,021$1,157$642$348$57
45 years$3,274$1,927$1,087$593$316$49
46 years$3,166$1,839$1,021$548$287$43
47 years$3,064$1,755$959$506$261$37
48 years$2,966$1,675$901$468$237$32
49 years$2,872$1,599$847$432$215$27
50 years$2,783$1,528$796$399$195$24

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 $3,792 every year, while hoping to spend $44,638 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: 64/16/20 Blend
59$2,850,000$2,850,000$2,850,000$2,850,000
60$3,144,611$2,993,561$2,949,386$3,329,597
61$3,417,867$3,092,751$3,000,696$3,553,676
62$3,717,499$3,195,306$3,052,229$3,792,984
63$4,046,150$3,301,342$3,103,945$4,053,385
64$4,406,732$3,410,982$3,155,802$4,336,944
65$4,802,451$3,524,353$3,207,753$4,645,935
66$5,236,840$3,641,585$3,259,752$4,982,860
67$5,713,790$3,762,814$3,311,745$5,350,476
68$6,237,586$3,888,182$3,363,679$5,751,820
69$6,812,950$4,017,834$3,415,493$6,190,232
70$7,445,085$4,151,921$3,467,125$6,669,394
71$8,139,719$4,290,601$3,518,510$7,193,361
72$8,903,166$4,434,036$3,569,575$7,766,597
73$9,742,381$4,582,395$3,620,247$8,394,021
74$10,665,024$4,735,853$3,670,446$9,081,049
75$11,679,538$4,894,591$3,720,088$9,833,647
76$12,795,223$5,058,799$3,769,083$10,658,390
77$14,022,326$5,228,670$3,817,337$11,562,516
78$15,372,136$5,404,407$3,864,751$12,554,002
79$16,857,091$5,586,221$3,911,218$13,641,635
80$18,490,898$5,774,329$3,956,627$14,835,093
81$20,288,656$5,968,957$4,000,860$16,145,040
82$22,267,003$6,170,341$4,043,793$17,583,225
83$24,444,273$6,378,722$4,085,296$19,162,592
84$26,840,664$6,594,355$4,125,228$20,897,401
85$29,478,433$6,817,500$4,163,445$22,803,363
86$32,382,106$7,048,430$4,199,793$24,897,789
87$35,578,705$7,287,427$4,234,110$27,199,752
88$39,098,006$7,534,785$4,266,226$29,730,267
89$42,972,819$7,790,806$4,295,962$32,512,489
90$47,239,299$8,055,807$4,323,128$35,571,929
91$51,937,281$8,330,116$4,347,527$38,936,698
92$57,110,664$8,614,072$4,368,950$42,637,772
93$62,807,820$8,908,029$4,387,177$46,709,280
94$69,082,049$9,212,354$4,401,979$51,188,828
95$75,992,086$9,527,428$4,413,114$56,117,855
96$83,602,653$9,853,645$4,420,327$61,542,021
97$91,985,067$10,191,418$4,423,352$67,511,641
98$101,217,919$10,541,172$4,421,909$74,082,156
99$111,387,808$10,903,351$4,415,704$81,314,657
100$122,590,165$11,278,416$4,404,430$89,276,464