Can I retire at age 60 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$169,287$167,779$166,308$164,872$163,470$162,508
2 years$83,805$82,245$80,732$79,265$77,843$76,872
3 years$55,315$53,748$52,239$50,786$49,387$48,438
4 years$41,073$39,510$38,017$36,589$35,223$34,303
5 years$32,530$30,977$29,502$28,104$26,776$25,887
6 years$26,836$25,295$23,842$22,475$21,187$20,331
7 years$22,771$21,242$19,813$18,478$17,231$16,408
8 years$19,724$18,209$16,803$15,500$14,294$13,505
9 years$17,355$15,854$14,472$13,203$12,038$11,281
10 years$15,460$13,974$12,617$11,381$10,257$9,533
11 years$13,912$12,441$11,108$9,905$8,821$8,129
12 years$12,622$11,166$9,858$8,688$7,644$6,984
13 years$11,532$10,091$8,808$7,670$6,666$6,036
14 years$10,598$9,172$7,914$6,809$5,843$5,244
15 years$9,789$8,379$7,145$6,072$5,145$4,574
16 years$9,082$7,688$6,478$5,437$4,547$4,005
17 years$8,459$7,080$5,895$4,885$4,032$3,517
18 years$7,906$6,542$5,381$4,402$3,585$3,097
19 years$7,412$6,063$4,926$3,978$3,195$2,734
20 years$6,967$5,634$4,521$3,603$2,854$2,417
21 years$6,566$5,248$4,158$3,270$2,554$2,141
22 years$6,201$4,899$3,833$2,973$2,289$1,900
23 years$5,869$4,582$3,539$2,708$2,055$1,688
24 years$5,565$4,293$3,273$2,469$1,847$1,501
25 years$5,285$4,029$3,031$2,255$1,662$1,336
26 years$5,028$3,786$2,811$2,062$1,497$1,191
27 years$4,790$3,563$2,611$1,887$1,350$1,062
28 years$4,569$3,358$2,427$1,729$1,218$948
29 years$4,364$3,168$2,258$1,586$1,100$846
30 years$4,173$2,992$2,104$1,455$994$756
31 years$3,995$2,828$1,961$1,337$898$676
32 years$3,828$2,676$1,830$1,228$813$605
33 years$3,671$2,534$1,708$1,130$736$541
34 years$3,524$2,402$1,596$1,039$666$484
35 years$3,386$2,278$1,492$957$603$433
36 years$3,256$2,162$1,396$881$546$388
37 years$3,133$2,054$1,307$812$495$348
38 years$3,017$1,952$1,224$748$449$311
39 years$2,907$1,856$1,146$690$407$279
40 years$2,803$1,766$1,075$636$369$250
41 years$2,704$1,681$1,008$587$335$224
42 years$2,610$1,601$945$542$304$201
43 years$2,521$1,525$887$500$276$180
44 years$2,436$1,454$833$462$250$162
45 years$2,355$1,386$782$427$227$145
46 years$2,277$1,322$734$394$206$130
47 years$2,204$1,262$690$364$187$117
48 years$2,133$1,205$648$336$170$105
49 years$2,066$1,150$609$311$155$94
50 years$2,002$1,099$573$287$140$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,050,000, adding $2,130 every year, while hoping to spend $58,479 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: 49/44/7 Blend
59$2,050,000$2,050,000$2,050,000$2,050,000
60$2,261,297$2,152,647$2,120,872$2,367,903
61$2,429,728$2,195,906$2,129,700$2,484,217
62$2,613,379$2,239,324$2,136,864$2,604,088
63$2,813,741$2,282,848$2,142,246$2,732,907
64$3,032,454$2,326,419$2,145,723$2,871,525
65$3,271,325$2,369,974$2,147,165$3,020,877
66$3,532,342$2,413,445$2,146,437$3,181,996
67$3,817,694$2,456,757$2,143,396$3,356,021
68$4,129,792$2,499,830$2,137,892$3,544,204
69$4,471,287$2,542,579$2,129,768$3,747,928
70$4,845,104$2,584,910$2,118,861$3,968,717
71$5,254,459$2,626,725$2,104,997$4,208,249
72$5,702,895$2,667,916$2,087,996$4,468,375
73$6,194,315$2,708,369$2,067,668$4,751,136
74$6,733,016$2,747,960$2,043,816$5,058,782
75$7,323,731$2,786,557$2,016,231$5,393,793
76$7,971,674$2,824,021$1,984,697$5,758,903
77$8,682,586$2,860,199$1,948,986$6,157,126
78$9,462,791$2,894,930$1,908,859$6,591,787
79$10,319,257$2,928,043$1,864,067$7,066,550
80$11,259,657$2,959,353$1,814,349$7,585,455
81$12,292,445$2,988,664$1,759,432$8,152,957
82$13,426,933$3,015,767$1,699,031$8,773,967
83$14,673,379$3,040,439$1,632,848$9,453,900
84$16,043,085$3,062,442$1,560,570$10,198,727
85$17,548,501$3,081,523$1,481,870$11,015,030
86$19,203,344$3,097,413$1,396,409$11,910,069
87$21,022,725$3,109,826$1,303,828$12,891,844
88$23,023,293$3,118,458$1,203,757$13,969,180
89$25,223,390$3,122,984$1,095,804$15,151,802
90$27,643,227$3,123,061$979,565$16,450,437
91$30,305,070$3,118,325$854,614$17,876,909
92$33,233,451$3,108,386$720,507$19,444,254
93$36,455,400$3,092,835$576,781$21,166,845
94$40,000,701$3,071,233$422,953$23,060,529
95$43,902,168$3,043,119$258,518$25,142,773
96$48,195,958$3,008,002$82,948$27,432,839
97$52,921,912$2,965,360$0$29,951,960
98$58,123,927$2,914,643$0$32,731,343
99$63,850,374$2,855,266$0$35,796,113
100$70,154,548$2,786,610$0$39,168,562