Can I retire at age 60 with 2,270,000?

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 $2,270,000?

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$187,454$185,785$184,156$182,566$181,013$179,272
2 years$92,799$91,071$89,396$87,772$86,197$84,443
3 years$61,252$59,516$57,845$56,236$54,687$52,974
4 years$45,481$43,750$42,096$40,515$39,003$37,345
5 years$36,021$34,301$32,669$31,119$29,649$28,051
6 years$29,716$28,009$26,401$24,887$23,461$21,924
7 years$25,215$23,522$21,939$20,461$19,080$17,606
8 years$21,840$20,163$18,606$17,164$15,829$14,417
9 years$19,217$17,555$16,026$14,620$13,330$11,980
10 years$17,120$15,474$13,972$12,602$11,358$10,068
11 years$15,405$13,776$12,300$10,968$9,768$8,539
12 years$13,977$12,364$10,916$9,620$8,465$7,294
13 years$12,769$11,174$9,753$8,493$7,381$6,268
14 years$11,735$10,157$8,763$7,539$6,471$5,413
15 years$10,840$9,278$7,912$6,724$5,697$4,694
16 years$10,057$8,513$7,173$6,020$5,035$4,085
17 years$9,367$7,840$6,527$5,409$4,465$3,565
18 years$8,755$7,244$5,959$4,875$3,970$3,119
19 years$8,207$6,714$5,455$4,405$3,538$2,735
20 years$7,715$6,239$5,006$3,989$3,160$2,403
21 years$7,270$5,811$4,605$3,621$2,828$2,115
22 years$6,867$5,425$4,244$3,292$2,535$1,863
23 years$6,499$5,074$3,919$2,998$2,276$1,644
24 years$6,162$4,754$3,624$2,734$2,045$1,452
25 years$5,852$4,461$3,357$2,497$1,841$1,284
26 years$5,567$4,193$3,113$2,283$1,658$1,136
27 years$5,304$3,946$2,891$2,090$1,495$1,006
28 years$5,059$3,718$2,687$1,915$1,349$891
29 years$4,832$3,508$2,501$1,756$1,218$790
30 years$4,621$3,313$2,329$1,612$1,100$701
31 years$4,423$3,131$2,172$1,480$995$622
32 years$4,238$2,963$2,026$1,360$900$552
33 years$4,065$2,806$1,892$1,251$814$490
34 years$3,903$2,659$1,768$1,151$737$436
35 years$3,750$2,522$1,653$1,059$668$387
36 years$3,605$2,394$1,546$976$605$344
37 years$3,469$2,274$1,447$899$548$306
38 years$3,341$2,161$1,355$829$497$272
39 years$3,219$2,055$1,270$764$451$242
40 years$3,103$1,955$1,190$705$409$215
41 years$2,994$1,861$1,116$650$371$191
42 years$2,890$1,772$1,047$600$337$170
43 years$2,791$1,689$982$554$306$151
44 years$2,697$1,610$922$511$277$135
45 years$2,607$1,535$866$472$252$120
46 years$2,522$1,464$813$436$229$107
47 years$2,440$1,397$764$403$208$95
48 years$2,362$1,334$718$372$189$84
49 years$2,288$1,274$675$344$171$75
50 years$2,216$1,217$634$318$156$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,270,000, adding $5,638 every year, while hoping to spend $25,415 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: 68/24/8 Blend
59$2,270,000$2,270,000$2,270,000$2,270,000
60$2,507,356$2,387,046$2,351,861$2,673,839
61$2,736,065$2,476,969$2,403,607$2,874,895
62$2,987,250$2,570,448$2,456,234$3,091,080
63$3,263,178$2,667,628$2,509,746$3,326,814
64$3,566,344$2,768,664$2,564,145$3,584,005
65$3,899,498$2,873,715$2,619,431$3,864,754
66$4,265,669$2,982,950$2,675,604$4,171,374
67$4,668,195$3,096,542$2,732,665$4,506,411
68$5,110,753$3,214,675$2,790,611$4,872,664
69$5,597,394$3,337,538$2,849,440$5,273,218
70$6,132,580$3,465,329$2,909,149$5,711,466
71$6,721,229$3,598,256$2,969,731$6,191,145
72$7,368,759$3,736,535$3,031,181$6,716,369
73$8,081,139$3,880,392$3,093,492$7,291,667
74$8,864,945$4,030,061$3,156,655$7,922,027
75$9,727,425$4,185,790$3,220,658$8,612,940
76$10,676,563$4,347,834$3,285,491$9,370,453
77$11,721,157$4,516,463$3,351,139$10,201,225
78$12,870,901$4,691,955$3,417,588$11,112,590
79$14,136,474$4,874,602$3,484,819$12,112,623
80$15,529,648$5,064,711$3,552,814$13,210,221
81$17,063,390$5,262,600$3,621,551$14,415,178
82$18,751,990$5,468,602$3,691,007$15,738,285
83$20,611,193$5,683,063$3,761,156$17,191,428
84$22,658,350$5,906,348$3,831,970$18,787,695
85$24,912,579$6,138,836$3,903,417$20,541,508
86$27,394,945$6,380,923$3,975,466$22,468,749
87$30,128,664$6,633,022$4,048,078$24,586,916
88$33,139,314$6,895,566$4,121,215$26,915,281
89$36,455,082$7,169,007$4,194,833$29,475,079
90$40,107,029$7,453,817$4,268,889$32,289,698
91$44,129,380$7,750,489$4,343,331$35,384,908
92$48,559,852$8,059,537$4,418,107$38,789,095
93$53,440,003$8,381,501$4,493,161$42,533,536
94$58,815,632$8,716,944$4,568,431$46,652,684
95$64,737,205$9,066,453$4,643,851$51,184,501
96$71,260,334$9,430,642$4,719,354$56,170,808
97$78,446,299$9,810,155$4,794,863$61,657,683
98$86,362,631$10,205,662$4,870,301$67,695,894
99$95,083,746$10,617,866$4,945,582$74,341,374
100$104,691,646$11,047,499$5,020,617$81,655,751