Can I retire at age 60 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$173,416$171,871$170,364$168,893$167,457$163,608
2 years$85,850$84,251$82,701$81,199$79,741$75,885
3 years$56,665$55,059$53,513$52,025$50,591$46,848
4 years$42,075$40,474$38,944$37,481$36,082$32,480
5 years$33,323$31,732$30,222$28,789$27,429$23,979
6 years$27,491$25,912$24,424$23,023$21,704$18,409
7 years$23,327$21,761$20,296$18,928$17,651$14,512
8 years$20,205$18,653$17,213$15,878$14,643$11,659
9 years$17,778$16,241$14,825$13,525$12,332$9,500
10 years$15,837$14,315$12,925$11,659$10,507$7,825
11 years$14,251$12,744$11,379$10,146$9,037$6,500
12 years$12,930$11,438$10,099$8,900$7,831$5,436
13 years$11,813$10,337$9,023$7,857$6,829$4,571
14 years$10,856$9,396$8,107$6,975$5,986$3,861
15 years$10,028$8,583$7,319$6,220$5,271$3,273
16 years$9,304$7,875$6,636$5,570$4,658$2,783
17 years$8,666$7,253$6,039$5,004$4,130$2,373
18 years$8,099$6,702$5,512$4,510$3,672$2,027
19 years$7,592$6,211$5,046$4,075$3,273$1,735
20 years$7,137$5,772$4,631$3,691$2,924$1,487
21 years$6,726$5,376$4,260$3,350$2,616$1,276
22 years$6,352$5,018$3,926$3,045$2,345$1,097
23 years$6,012$4,694$3,625$2,774$2,105$943
24 years$5,700$4,398$3,353$2,530$1,892$812
25 years$5,414$4,127$3,105$2,310$1,703$699
26 years$5,150$3,879$2,880$2,112$1,534$603
27 years$4,906$3,650$2,674$1,934$1,383$520
28 years$4,680$3,440$2,486$1,772$1,248$448
29 years$4,470$3,245$2,313$1,625$1,127$387
30 years$4,275$3,064$2,155$1,491$1,018$334
31 years$4,092$2,897$2,009$1,369$920$288
32 years$3,921$2,741$1,874$1,258$833$249
33 years$3,761$2,596$1,750$1,157$753$215
34 years$3,610$2,460$1,635$1,065$682$186
35 years$3,469$2,334$1,529$980$618$161
36 years$3,335$2,215$1,430$903$560$139
37 years$3,209$2,104$1,339$832$507$120
38 years$3,090$1,999$1,254$767$460$104
39 years$2,978$1,901$1,174$707$417$90
40 years$2,871$1,809$1,101$652$378$78
41 years$2,770$1,722$1,032$602$343$67
42 years$2,674$1,640$968$555$311$58
43 years$2,582$1,562$909$512$283$50
44 years$2,495$1,489$853$473$257$43
45 years$2,412$1,420$801$437$233$38
46 years$2,333$1,355$752$404$211$32
47 years$2,258$1,293$707$373$192$28
48 years$2,185$1,234$664$345$174$24
49 years$2,116$1,179$624$318$158$21
50 years$2,050$1,126$587$294$144$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,100,000, adding $6,487 every year, while hoping to spend $36,319 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: 60/35/5 Blend
59$2,100,000$2,100,000$2,100,000$2,100,000
60$2,320,891$2,209,591$2,177,041$2,457,788
61$2,518,979$2,279,218$2,211,329$2,619,727
62$2,736,055$2,351,039$2,245,548$2,791,492
63$2,974,016$2,425,124$2,279,658$2,977,896
64$3,234,955$2,501,544$2,313,615$3,180,344
65$3,521,173$2,580,373$2,347,375$3,400,385
66$3,835,207$2,661,686$2,380,886$3,639,721
67$4,179,852$2,745,562$2,414,100$3,900,225
68$4,558,184$2,832,082$2,446,959$4,183,959
69$4,973,594$2,921,329$2,479,407$4,493,193
70$5,429,815$3,013,389$2,511,382$4,830,423
71$5,930,962$3,108,350$2,542,819$5,198,400
72$6,481,566$3,206,305$2,573,649$5,600,149
73$7,086,619$3,307,348$2,603,800$6,039,003
74$7,751,621$3,411,575$2,633,194$6,518,630
75$8,482,632$3,519,088$2,661,752$7,043,070
76$9,286,328$3,629,990$2,689,387$7,616,769
77$10,170,061$3,744,388$2,716,010$8,244,626
78$11,141,937$3,862,392$2,741,526$8,932,033
79$12,210,881$3,984,115$2,765,833$9,684,931
80$13,386,730$4,109,676$2,788,828$10,509,861
81$14,680,321$4,239,195$2,810,399$11,414,027
82$16,103,596$4,372,798$2,830,429$12,405,364
83$17,669,709$4,510,612$2,848,795$13,492,612
84$19,393,158$4,652,770$2,865,368$14,685,399
85$21,289,915$4,799,410$2,880,012$15,994,329
86$23,377,578$4,950,673$2,892,585$17,431,083
87$25,675,540$5,106,705$2,902,935$19,008,529
88$28,205,167$5,267,656$2,910,906$20,740,842
89$30,990,005$5,433,682$2,916,332$22,643,638
90$34,055,995$5,604,942$2,919,039$24,734,121
91$37,431,724$5,781,601$2,918,844$27,031,243
92$41,148,690$5,963,831$2,915,556$29,555,884
93$45,241,604$6,151,806$2,908,974$32,331,048
94$49,748,711$6,345,707$2,898,888$35,382,080
95$54,712,155$6,545,723$2,885,076$38,736,902
96$60,178,377$6,752,045$2,867,308$42,426,280
97$66,198,549$6,964,873$2,845,341$46,484,111
98$72,829,060$7,184,411$2,818,919$50,947,741
99$80,132,050$7,410,872$2,787,778$55,858,321
100$88,175,988$7,644,474$2,751,638$61,261,189