Can I retire at age 60 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$165,984$164,505$163,063$161,655$160,280$159,004
2 years$82,170$80,640$79,157$77,719$76,324$75,037
3 years$54,236$52,699$51,220$49,795$48,423$47,166
4 years$40,272$38,739$37,275$35,875$34,536$33,318
5 years$31,895$30,372$28,927$27,555$26,253$25,079
6 years$26,313$24,801$23,377$22,036$20,773$19,643
7 years$22,327$20,828$19,427$18,117$16,894$15,809
8 years$19,339$17,853$16,475$15,198$14,016$12,975
9 years$17,016$15,545$14,190$12,945$11,803$10,807
10 years$15,159$13,702$12,371$11,159$10,057$9,105
11 years$13,640$12,198$10,891$9,712$8,649$7,740
12 years$12,376$10,948$9,666$8,518$7,495$6,629
13 years$11,307$9,894$8,636$7,520$6,536$5,711
14 years$10,391$8,993$7,759$6,676$5,729$4,945
15 years$9,598$8,216$7,006$5,954$5,045$4,300
16 years$8,905$7,538$6,352$5,331$4,458$3,752
17 years$8,294$6,942$5,780$4,790$3,953$3,284
18 years$7,752$6,415$5,276$4,317$3,515$2,881
19 years$7,267$5,945$4,830$3,900$3,133$2,534
20 years$6,831$5,524$4,433$3,533$2,798$2,232
21 years$6,438$5,146$4,077$3,206$2,504$1,970
22 years$6,080$4,803$3,758$2,915$2,245$1,742
23 years$5,754$4,492$3,470$2,655$2,015$1,541
24 years$5,456$4,209$3,209$2,421$1,811$1,366
25 years$5,182$3,950$2,972$2,211$1,630$1,211
26 years$4,930$3,712$2,756$2,022$1,468$1,075
27 years$4,696$3,494$2,560$1,851$1,324$955
28 years$4,480$3,292$2,380$1,696$1,194$849
29 years$4,279$3,106$2,214$1,555$1,078$755
30 years$4,091$2,933$2,063$1,427$974$672
31 years$3,917$2,773$1,923$1,311$881$598
32 years$3,753$2,624$1,794$1,204$797$533
33 years$3,600$2,485$1,675$1,108$721$475
34 years$3,456$2,355$1,565$1,019$653$423
35 years$3,320$2,234$1,463$938$591$377
36 years$3,192$2,120$1,369$864$536$336
37 years$3,072$2,013$1,281$796$486$300
38 years$2,958$1,914$1,200$734$440$268
39 years$2,850$1,820$1,124$677$399$239
40 years$2,748$1,731$1,054$624$362$213
41 years$2,651$1,648$988$576$329$190
42 years$2,559$1,569$927$531$298$170
43 years$2,471$1,495$870$490$271$152
44 years$2,388$1,425$816$453$246$135
45 years$2,309$1,359$766$418$223$121
46 years$2,233$1,297$720$386$202$108
47 years$2,161$1,237$676$357$184$96
48 years$2,092$1,181$636$330$167$86
49 years$2,026$1,128$597$305$152$77
50 years$1,962$1,078$562$282$138$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,010,000, adding $3,853 every year, while hoping to spend $28,576 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: 39/33/28 Blend
59$2,010,000$2,010,000$2,010,000$2,010,000
60$2,218,994$2,112,464$2,081,309$2,286,981
61$2,414,927$2,185,570$2,120,629$2,410,120
62$2,629,887$2,261,301$2,160,307$2,540,266
63$2,865,786$2,339,754$2,200,327$2,680,454
64$3,124,726$2,421,033$2,240,669$2,831,619
65$3,409,028$2,505,243$2,281,311$2,994,787
66$3,721,244$2,592,495$2,322,230$3,171,087
67$4,064,188$2,682,905$2,363,402$3,361,761
68$4,440,958$2,776,590$2,404,799$3,568,176
69$4,854,969$2,873,676$2,446,393$3,791,832
70$5,309,982$2,974,292$2,488,153$4,034,382
71$5,810,140$3,078,572$2,530,046$4,297,645
72$6,360,008$3,186,656$2,572,036$4,583,619
73$6,964,615$3,298,689$2,614,086$4,894,506
74$7,629,503$3,414,822$2,656,155$5,232,727
75$8,360,776$3,535,212$2,698,199$5,600,950
76$9,165,160$3,660,022$2,740,174$6,002,107
77$10,050,067$3,789,423$2,782,030$6,439,429
78$11,023,661$3,923,592$2,823,715$6,916,471
79$12,094,938$4,062,713$2,865,174$7,437,147
80$13,273,813$4,206,976$2,906,348$8,005,768
81$14,571,206$4,356,582$2,947,175$8,627,078
82$15,999,152$4,511,738$2,987,588$9,306,302
83$17,570,911$4,672,659$3,027,519$10,049,194
84$19,301,096$4,839,571$3,066,892$10,862,090
85$21,205,804$5,012,706$3,105,630$11,751,968
86$23,302,777$5,192,310$3,143,649$12,726,512
87$25,611,561$5,378,634$3,180,862$13,794,185
88$28,153,697$5,571,943$3,217,177$14,964,311
89$30,952,917$5,772,512$3,252,496$16,247,156
90$34,035,376$5,980,626$3,286,715$17,654,029
91$37,429,891$6,196,583$3,319,727$19,197,389
92$41,168,218$6,420,694$3,351,416$20,890,956
93$45,285,349$6,653,281$3,381,662$22,749,848
94$49,819,844$6,894,681$3,410,337$24,790,715
95$54,814,192$7,145,245$3,437,308$27,031,903
96$60,315,215$7,405,337$3,462,432$29,493,619
97$66,374,506$7,675,338$3,485,563$32,198,126
98$73,048,920$7,955,643$3,506,544$35,169,951
99$80,401,107$8,246,667$3,525,210$38,436,116
100$88,500,104$8,548,838$3,541,389$42,026,391