Can I retire at age 60 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$186,629$184,966$183,344$181,761$180,216$176,721
2 years$92,390$90,670$89,002$87,385$85,817$82,311
3 years$60,982$59,254$57,590$55,989$54,446$51,037
4 years$45,281$43,558$41,911$40,337$38,831$35,546
5 years$35,862$34,150$32,525$30,982$29,519$26,367
6 years$29,585$27,886$26,285$24,777$23,357$20,342
7 years$25,104$23,419$21,843$20,370$18,996$16,117
8 years$21,744$20,074$18,524$17,088$15,759$13,017
9 years$19,132$17,478$15,955$14,555$13,271$10,664
10 years$17,044$15,406$13,910$12,547$11,308$8,832
11 years$15,337$13,715$12,246$10,920$9,725$7,379
12 years$13,915$12,310$10,868$9,578$8,427$6,207
13 years$12,713$11,125$9,710$8,456$7,349$5,251
14 years$11,683$10,112$8,724$7,506$6,442$4,462
15 years$10,792$9,237$7,877$6,694$5,672$3,807
16 years$10,013$8,475$7,142$5,994$5,013$3,258
17 years$9,326$7,805$6,499$5,385$4,445$2,795
18 years$8,716$7,212$5,932$4,853$3,952$2,404
19 years$8,171$6,684$5,431$4,385$3,523$2,071
20 years$7,681$6,211$4,984$3,972$3,146$1,787
21 years$7,238$5,786$4,584$3,605$2,816$1,545
22 years$6,836$5,401$4,225$3,278$2,524$1,337
23 years$6,470$5,051$3,901$2,985$2,266$1,158
24 years$6,135$4,733$3,608$2,722$2,036$1,004
25 years$5,827$4,441$3,342$2,486$1,832$871
26 years$5,543$4,174$3,099$2,273$1,651$756
27 years$5,280$3,928$2,878$2,081$1,488$656
28 years$5,037$3,702$2,675$1,906$1,343$571
29 years$4,811$3,492$2,490$1,748$1,213$496
30 years$4,600$3,298$2,319$1,604$1,096$431
31 years$4,404$3,118$2,162$1,474$991$375
32 years$4,220$2,950$2,017$1,354$896$327
33 years$4,047$2,794$1,883$1,245$811$284
34 years$3,885$2,648$1,760$1,146$734$247
35 years$3,733$2,511$1,645$1,055$665$216
36 years$3,589$2,384$1,539$971$602$188
37 years$3,454$2,264$1,441$895$546$163
38 years$3,326$2,152$1,349$825$495$142
39 years$3,205$2,046$1,264$761$449$124
40 years$3,090$1,946$1,185$702$407$108
41 years$2,981$1,853$1,111$647$369$94
42 years$2,877$1,765$1,042$597$335$82
43 years$2,779$1,681$978$551$304$72
44 years$2,685$1,603$918$509$276$62
45 years$2,596$1,528$862$470$251$54
46 years$2,511$1,458$809$434$228$47
47 years$2,430$1,391$760$401$207$41
48 years$2,352$1,328$715$371$188$36
49 years$2,278$1,268$672$343$170$31
50 years$2,207$1,212$631$317$155$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,260,000, adding $4,255 every year, while hoping to spend $57,333 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: 90/5/5 Blend
59$2,260,000$2,260,000$2,260,000$2,260,000
60$2,494,909$2,375,129$2,340,099$2,719,530
61$2,688,388$2,430,508$2,357,490$2,921,498
62$2,899,680$2,486,680$2,373,543$3,135,018
63$3,130,542$2,543,622$2,388,151$3,367,918
64$3,382,907$2,601,309$2,401,204$3,622,110
65$3,658,905$2,659,714$2,412,586$3,899,699
66$3,960,879$2,718,806$2,422,173$4,203,000
67$4,291,410$2,778,549$2,429,837$4,534,566
68$4,653,341$2,838,906$2,435,444$4,897,206
69$5,049,802$2,899,832$2,438,851$5,294,017
70$5,484,238$2,961,280$2,439,910$5,728,405
71$5,960,448$3,023,200$2,438,464$6,204,126
72$6,482,610$3,085,533$2,434,349$6,725,314
73$7,055,330$3,148,218$2,427,393$7,296,526
74$7,683,679$3,211,187$2,417,417$7,922,777
75$8,373,245$3,274,365$2,404,230$8,609,596
76$9,130,179$3,337,673$2,387,636$9,363,072
77$9,961,261$3,401,022$2,367,425$10,189,911
78$10,873,958$3,464,320$2,343,382$11,097,503
79$11,876,494$3,527,464$2,315,277$12,093,990
80$12,977,930$3,590,344$2,282,873$13,188,340
81$14,188,249$3,652,841$2,245,919$14,390,435
82$15,518,447$3,714,827$2,204,155$15,711,162
83$16,980,640$3,776,165$2,157,305$17,162,515
84$18,588,175$3,836,707$2,105,085$18,757,709
85$20,355,757$3,896,293$2,047,193$20,511,307
86$22,299,588$3,954,755$1,983,318$22,439,352
87$24,437,517$4,011,909$1,913,130$24,559,521
88$26,789,211$4,067,560$1,836,287$26,891,292
89$29,376,338$4,121,498$1,752,430$29,456,126
90$32,222,773$4,173,500$1,661,185$32,277,672
91$35,354,821$4,223,326$1,562,159$35,381,986
92$38,801,465$4,270,722$1,454,944$38,797,781
93$42,594,642$4,315,414$1,339,112$42,556,694
94$46,769,538$4,357,113$1,214,215$46,693,587
95$51,364,926$4,395,507$1,079,787$51,246,873
96$56,423,529$4,430,266$935,340$56,258,883
97$61,992,419$4,461,040$780,364$61,776,260
98$68,123,467$4,487,452$614,328$67,850,402
99$74,873,829$4,509,105$436,676$74,537,947
100$82,306,483$4,525,575$246,828$81,901,305