Can I retire at age 60 with 2,180,000?

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 $2,180,000?

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$180,022$178,419$176,854$175,327$173,836$172,813
2 years$89,120$87,460$85,852$84,292$82,779$81,747
3 years$58,823$57,156$55,552$54,007$52,519$51,509
4 years$43,678$42,016$40,427$38,909$37,457$36,478
5 years$34,593$32,941$31,373$29,886$28,474$27,529
6 years$28,538$26,899$25,354$23,900$22,530$21,620
7 years$24,215$22,590$21,070$19,649$18,323$17,448
8 years$20,974$19,363$17,869$16,483$15,201$14,361
9 years$18,455$16,859$15,390$14,040$12,801$11,996
10 years$16,441$14,861$13,418$12,103$10,907$10,137
11 years$14,794$13,230$11,813$10,533$9,381$8,645
12 years$13,422$11,874$10,483$9,239$8,129$7,426
13 years$12,263$10,731$9,366$8,157$7,089$6,419
14 years$11,270$9,754$8,416$7,240$6,214$5,576
15 years$10,410$8,910$7,598$6,457$5,471$4,865
16 years$9,658$8,175$6,889$5,782$4,836$4,259
17 years$8,996$7,529$6,269$5,195$4,288$3,741
18 years$8,407$6,957$5,722$4,682$3,812$3,294
19 years$7,882$6,448$5,239$4,230$3,398$2,907
20 years$7,409$5,992$4,808$3,831$3,035$2,571
21 years$6,982$5,581$4,422$3,477$2,716$2,277
22 years$6,594$5,210$4,076$3,162$2,435$2,020
23 years$6,241$4,872$3,763$2,879$2,185$1,795
24 years$5,918$4,565$3,480$2,626$1,964$1,596
25 years$5,620$4,284$3,223$2,398$1,768$1,421
26 years$5,347$4,026$2,990$2,193$1,592$1,266
27 years$5,093$3,789$2,776$2,007$1,435$1,129
28 years$4,859$3,571$2,581$1,839$1,295$1,008
29 years$4,641$3,369$2,402$1,686$1,170$900
30 years$4,438$3,181$2,237$1,548$1,057$804
31 years$4,248$3,007$2,086$1,421$955$719
32 years$4,070$2,846$1,946$1,306$864$643
33 years$3,904$2,695$1,817$1,201$782$575
34 years$3,748$2,554$1,698$1,105$708$515
35 years$3,601$2,422$1,587$1,017$641$461
36 years$3,462$2,299$1,485$937$581$413
37 years$3,332$2,184$1,390$863$527$370
38 years$3,208$2,075$1,301$796$478$331
39 years$3,091$1,973$1,219$734$433$297
40 years$2,980$1,878$1,143$677$393$266
41 years$2,875$1,787$1,072$624$356$238
42 years$2,775$1,702$1,005$576$323$214
43 years$2,681$1,622$943$532$293$192
44 years$2,590$1,546$885$491$266$172
45 years$2,504$1,474$831$454$242$154
46 years$2,422$1,406$781$419$220$138
47 years$2,344$1,342$734$387$199$124
48 years$2,269$1,281$689$358$181$111
49 years$2,197$1,223$648$331$164$100
50 years$2,128$1,169$609$306$149$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,180,000, adding $4,238 every year, while hoping to spend $20,381 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: 30/40/30 Blend
59$2,180,000$2,180,000$2,180,000$2,180,000
60$2,406,731$2,291,191$2,257,401$2,456,693
61$2,630,533$2,381,775$2,311,339$2,586,984
62$2,876,479$2,476,113$2,366,401$2,724,991
63$3,146,807$2,574,370$2,422,602$2,873,058
64$3,443,981$2,676,714$2,479,960$3,032,075
65$3,770,718$2,783,324$2,538,489$3,203,020
66$4,130,009$2,894,384$2,598,206$3,386,964
67$4,525,149$3,010,089$2,659,125$3,585,083
68$4,959,771$3,130,640$2,721,263$3,798,668
69$5,437,876$3,256,249$2,784,633$4,029,134
70$5,963,872$3,387,138$2,849,251$4,278,037
71$6,542,617$3,523,538$2,915,131$4,547,083
72$7,179,462$3,665,689$2,982,286$4,838,149
73$7,880,304$3,813,845$3,050,730$5,153,292
74$8,651,642$3,968,270$3,120,475$5,494,778
75$9,500,633$4,129,239$3,191,535$5,865,091
76$10,435,167$4,297,042$3,263,921$6,266,964
77$11,463,936$4,471,978$3,337,645$6,703,402
78$12,596,518$4,654,365$3,412,715$7,177,706
79$13,843,465$4,844,532$3,489,144$7,693,507
80$15,216,407$5,042,822$3,566,939$8,254,797
81$16,728,158$5,249,598$3,646,109$8,865,966
82$18,392,837$5,465,236$3,726,661$9,531,842
83$20,226,004$5,690,129$3,808,601$10,257,737
84$22,244,802$5,924,691$3,891,935$11,049,493
85$24,468,123$6,169,353$3,976,666$11,913,538
86$26,916,785$6,424,565$4,062,798$12,856,944
87$29,613,728$6,690,799$4,150,332$13,887,494
88$32,584,229$6,968,548$4,239,269$15,013,753
89$35,856,143$7,258,330$4,329,607$16,245,144
90$39,460,164$7,560,682$4,421,343$17,592,042
91$43,430,116$7,876,171$4,514,474$19,065,863
92$47,803,271$8,205,387$4,608,992$20,679,177
93$52,620,701$8,548,948$4,704,890$22,445,818
94$57,927,667$8,907,500$4,802,158$24,381,019
95$63,774,042$9,281,721$4,900,783$26,501,547
96$70,214,787$9,672,317$5,000,752$28,825,864
97$77,310,465$10,080,031$5,102,047$31,374,300
98$85,127,815$10,505,636$5,204,649$34,169,238
99$93,740,384$10,949,943$5,308,536$37,235,325
100$103,229,215$11,413,802$5,413,684$40,599,702