Can I retire at age 60 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$172,590$171,053$169,553$168,089$166,660$165,056
2 years$85,441$83,849$82,307$80,812$79,362$77,747
3 years$56,395$54,797$53,258$51,777$50,350$48,774
4 years$41,874$40,281$38,758$37,302$35,910$34,384
5 years$33,165$31,581$30,078$28,652$27,298$25,827
6 years$27,360$25,788$24,308$22,913$21,600$20,186
7 years$23,215$21,657$20,200$18,838$17,567$16,210
8 years$20,108$18,564$17,131$15,803$14,573$13,273
9 years$17,693$16,163$14,755$13,461$12,273$11,030
10 years$15,762$14,247$12,864$11,603$10,457$9,270
11 years$14,183$12,683$11,325$10,098$8,993$7,862
12 years$12,868$11,384$10,051$8,857$7,794$6,716
13 years$11,757$10,288$8,980$7,820$6,796$5,771
14 years$10,804$9,351$8,068$6,942$5,957$4,984
15 years$9,980$8,543$7,284$6,191$5,245$4,322
16 years$9,259$7,838$6,604$5,543$4,636$3,761
17 years$8,624$7,218$6,010$4,980$4,111$3,282
18 years$8,060$6,670$5,486$4,488$3,655$2,872
19 years$7,556$6,182$5,022$4,056$3,258$2,518
20 years$7,103$5,744$4,609$3,673$2,910$2,212
21 years$6,694$5,351$4,240$3,334$2,604$1,947
22 years$6,322$4,995$3,907$3,031$2,334$1,716
23 years$5,983$4,671$3,608$2,760$2,095$1,514
24 years$5,673$4,377$3,337$2,518$1,883$1,337
25 years$5,388$4,107$3,090$2,299$1,695$1,182
26 years$5,126$3,860$2,866$2,102$1,526$1,046
27 years$4,883$3,633$2,662$1,924$1,376$926
28 years$4,658$3,423$2,474$1,763$1,242$821
29 years$4,449$3,229$2,302$1,617$1,121$727
30 years$4,254$3,050$2,145$1,484$1,013$645
31 years$4,072$2,883$1,999$1,363$916$573
32 years$3,902$2,728$1,865$1,252$829$508
33 years$3,743$2,584$1,742$1,152$750$451
34 years$3,593$2,449$1,627$1,060$679$401
35 years$3,452$2,322$1,522$975$615$356
36 years$3,319$2,204$1,423$898$557$317
37 years$3,194$2,094$1,332$828$505$281
38 years$3,076$1,990$1,248$763$458$250
39 years$2,964$1,892$1,169$703$415$223
40 years$2,857$1,800$1,096$649$377$198
41 years$2,757$1,714$1,027$599$342$176
42 years$2,661$1,632$964$552$310$157
43 years$2,570$1,555$904$510$281$139
44 years$2,483$1,482$849$471$255$124
45 years$2,401$1,413$797$435$232$110
46 years$2,322$1,348$749$402$210$98
47 years$2,247$1,287$703$371$191$87
48 years$2,175$1,228$661$343$174$78
49 years$2,106$1,173$621$317$158$69
50 years$2,041$1,120$584$293$143$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,090,000, adding $5,169 every year, while hoping to spend $58,443 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: 70/6/24 Blend
59$2,090,000$2,090,000$2,090,000$2,090,000
60$2,308,512$2,197,742$2,165,347$2,455,765
61$2,481,797$2,243,248$2,175,703$2,600,432
62$2,670,799$2,289,026$2,184,447$2,751,440
63$2,877,058$2,335,026$2,191,464$2,915,350
64$3,102,272$2,381,196$2,196,632$3,093,440
65$3,348,308$2,427,479$2,199,823$3,287,113
66$3,617,221$2,473,812$2,200,904$3,497,920
67$3,911,277$2,520,128$2,199,733$3,727,568
68$4,232,967$2,566,354$2,196,164$3,977,939
69$4,585,036$2,612,411$2,190,042$4,251,105
70$4,970,506$2,658,215$2,181,204$4,549,354
71$5,392,704$2,703,674$2,169,481$4,875,204
72$5,855,295$2,748,689$2,154,694$5,231,433
73$6,362,315$2,793,155$2,136,656$5,621,100
74$6,918,210$2,836,958$2,115,173$6,047,579
75$7,527,874$2,879,976$2,090,038$6,514,588
76$8,196,700$2,922,078$2,061,037$7,026,227
77$8,930,627$2,963,124$2,027,946$7,587,011
78$9,736,198$3,002,964$1,990,529$8,201,920
79$10,620,618$3,041,437$1,948,540$8,876,441
80$11,591,827$3,078,372$1,901,721$9,616,625
81$12,658,567$3,113,587$1,849,802$10,429,138
82$13,830,472$3,146,884$1,792,502$11,321,329
83$15,118,155$3,178,056$1,729,526$12,301,298
84$16,533,307$3,206,880$1,660,565$13,377,974
85$18,088,806$3,233,120$1,585,296$14,561,198
86$19,798,843$3,256,521$1,503,382$15,861,815
87$21,679,051$3,276,817$1,414,471$17,291,782
88$23,746,653$3,293,719$1,318,194$18,864,274
89$26,020,624$3,306,925$1,214,167$20,593,817
90$28,521,873$3,316,109$1,101,987$22,496,418
91$31,273,435$3,320,929$981,234$24,589,721
92$34,300,689$3,321,018$851,469$26,893,173
93$37,631,600$3,315,989$712,234$29,428,207
94$41,296,980$3,305,429$563,050$32,218,448
95$45,330,777$3,288,901$403,418$35,289,933
96$49,770,399$3,265,940$232,815$38,671,359
97$54,657,063$3,236,054$50,698$42,394,356
98$60,036,185$3,198,721$0$46,493,784
99$65,957,806$3,153,389$0$51,044,851
100$72,477,067$3,099,470$0$56,069,360