Can I retire at age 60 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$177,545$175,964$174,421$172,915$171,444$167,232
2 years$87,894$86,257$84,670$83,132$81,640$77,422
3 years$58,014$56,370$54,787$53,263$51,796$47,704
4 years$43,077$41,438$39,871$38,373$36,941$33,007
5 years$34,117$32,488$30,942$29,474$28,082$24,317
6 years$28,145$26,529$25,005$23,571$22,220$18,628
7 years$23,882$22,279$20,780$19,379$18,071$14,652
8 years$20,686$19,097$17,623$16,257$14,992$11,744
9 years$18,201$16,627$15,178$13,847$12,625$9,546
10 years$16,215$14,656$13,233$11,936$10,757$7,843
11 years$14,590$13,048$11,650$10,388$9,252$6,499
12 years$13,238$11,711$10,339$9,112$8,017$5,421
13 years$12,094$10,583$9,237$8,044$6,991$4,546
14 years$11,115$9,620$8,300$7,141$6,128$3,829
15 years$10,267$8,788$7,494$6,368$5,396$3,237
16 years$9,525$8,063$6,794$5,702$4,769$2,745
17 years$8,872$7,425$6,182$5,123$4,229$2,333
18 years$8,292$6,861$5,644$4,617$3,760$1,988
19 years$7,773$6,359$5,166$4,172$3,351$1,696
20 years$7,307$5,909$4,742$3,779$2,993$1,449
21 years$6,886$5,504$4,361$3,429$2,679$1,240
22 years$6,504$5,138$4,020$3,118$2,401$1,062
23 years$6,155$4,805$3,711$2,840$2,155$911
24 years$5,836$4,502$3,432$2,590$1,937$782
25 years$5,543$4,225$3,179$2,365$1,743$671
26 years$5,273$3,971$2,948$2,163$1,570$576
27 years$5,023$3,737$2,738$1,980$1,416$495
28 years$4,792$3,522$2,545$1,814$1,277$426
29 years$4,577$3,322$2,369$1,663$1,153$366
30 years$4,376$3,137$2,206$1,526$1,042$315
31 years$4,189$2,966$2,057$1,402$942$271
32 years$4,014$2,806$1,919$1,288$852$234
33 years$3,850$2,658$1,792$1,185$771$201
34 years$3,696$2,519$1,674$1,090$698$173
35 years$3,551$2,389$1,565$1,003$633$149
36 years$3,415$2,268$1,464$924$573$129
37 years$3,286$2,154$1,370$852$519$111
38 years$3,164$2,047$1,283$785$471$95
39 years$3,049$1,946$1,202$724$427$82
40 years$2,939$1,852$1,127$667$387$71
41 years$2,836$1,763$1,057$616$351$61
42 years$2,737$1,679$991$568$319$53
43 years$2,644$1,599$930$525$289$45
44 years$2,555$1,525$873$484$263$39
45 years$2,470$1,454$820$447$238$34
46 years$2,389$1,387$770$413$217$29
47 years$2,311$1,324$723$382$197$25
48 years$2,237$1,264$680$353$179$22
49 years$2,167$1,207$639$326$162$19
50 years$2,099$1,153$601$301$147$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,150,000, adding $5,770 every year, while hoping to spend $31,552 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: 75/14/11 Blend
59$2,150,000$2,150,000$2,150,000$2,150,000
60$2,375,252$2,261,302$2,227,977$2,548,010
61$2,583,956$2,338,534$2,269,043$2,739,955
62$2,812,891$2,418,494$2,310,427$2,945,710
63$3,064,087$2,501,281$2,352,107$3,170,314
64$3,339,779$2,586,999$2,394,058$3,415,630
65$3,642,432$2,675,757$2,436,254$3,683,705
66$3,974,757$2,767,667$2,478,666$3,976,796
67$4,339,745$2,862,845$2,521,264$4,297,387
68$4,740,688$2,961,414$2,564,016$4,648,213
69$5,181,214$3,063,498$2,606,886$5,032,287
70$5,665,317$3,169,229$2,649,836$5,452,928
71$6,197,402$3,278,744$2,692,828$5,913,788
72$6,782,317$3,392,182$2,735,817$6,418,892
73$7,425,405$3,509,691$2,778,759$6,972,674
74$8,132,555$3,631,424$2,821,606$7,580,015
75$8,910,251$3,757,540$2,864,305$8,246,294
76$9,765,640$3,888,202$2,906,803$8,977,436
77$10,706,594$4,023,583$2,949,040$9,779,965
78$11,741,789$4,163,861$2,990,955$10,661,071
79$12,880,782$4,309,221$3,032,483$11,628,673
80$14,134,105$4,459,855$3,073,553$12,691,496
81$15,513,359$4,615,965$3,114,094$13,859,152
82$17,031,332$4,777,757$3,154,026$15,142,228
83$18,702,109$4,945,448$3,193,267$16,552,390
84$20,541,214$5,119,265$3,231,731$18,102,491
85$22,565,749$5,299,440$3,269,325$19,806,692
86$24,794,561$5,486,218$3,305,953$21,680,593
87$27,248,415$5,679,852$3,341,511$23,741,383
88$29,950,194$5,880,605$3,375,893$26,008,001
89$32,925,111$6,088,752$3,408,982$28,501,313
90$36,200,950$6,304,578$3,440,661$31,244,310
91$39,808,325$6,528,380$3,470,801$34,262,326
92$43,780,971$6,760,468$3,499,269$37,583,272
93$48,156,060$7,001,161$3,525,925$41,237,903
94$52,974,556$7,250,796$3,550,622$45,260,107
95$58,281,596$7,509,720$3,573,202$49,687,224
96$64,126,918$7,778,296$3,593,504$54,560,398
97$70,565,332$8,056,901$3,611,355$59,924,966
98$77,657,235$8,345,928$3,626,574$65,830,881
99$85,469,180$8,645,785$3,638,972$72,333,190
100$94,074,507$8,956,899$3,648,348$79,492,548