Can I retire at age 60 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$190,758$189,058$187,401$185,783$184,203$180,854
2 years$94,434$92,676$90,971$89,319$87,716$84,353
3 years$62,331$60,565$58,864$57,227$55,650$52,380
4 years$46,282$44,521$42,838$41,229$39,690$36,537
5 years$36,656$34,905$33,244$31,668$30,172$27,144
6 years$30,240$28,503$26,866$25,325$23,874$20,975
7 years$25,659$23,937$22,326$20,821$19,416$16,647
8 years$22,225$20,518$18,934$17,466$16,107$13,468
9 years$19,556$17,865$16,308$14,877$13,565$11,053
10 years$17,421$15,747$14,218$12,824$11,558$9,172
11 years$15,676$14,019$12,517$11,161$9,940$7,677
12 years$14,223$12,582$11,109$9,790$8,614$6,471
13 years$12,994$11,371$9,925$8,643$7,512$5,485
14 years$11,942$10,336$8,917$7,672$6,585$4,671
15 years$11,031$9,442$8,051$6,842$5,798$3,992
16 years$10,234$8,663$7,300$6,127$5,124$3,424
17 years$9,532$7,978$6,642$5,505$4,543$2,944
18 years$8,909$7,372$6,064$4,961$4,040$2,537
19 years$8,352$6,832$5,551$4,482$3,601$2,191
20 years$7,851$6,349$5,094$4,060$3,216$1,895
21 years$7,398$5,914$4,686$3,684$2,878$1,642
22 years$6,988$5,520$4,319$3,350$2,580$1,424
23 years$6,613$5,163$3,988$3,051$2,316$1,236
24 years$6,270$4,837$3,688$2,783$2,081$1,074
25 years$5,956$4,540$3,416$2,541$1,873$934
26 years$5,665$4,267$3,168$2,324$1,687$813
27 years$5,397$4,015$2,942$2,127$1,521$708
28 years$5,148$3,784$2,735$1,949$1,372$616
29 years$4,917$3,569$2,545$1,787$1,239$537
30 years$4,702$3,371$2,370$1,640$1,120$468
31 years$4,501$3,187$2,210$1,506$1,012$409
32 years$4,313$3,015$2,062$1,384$916$356
33 years$4,137$2,855$1,925$1,273$829$311
34 years$3,971$2,706$1,799$1,171$750$271
35 years$3,816$2,567$1,682$1,078$680$237
36 years$3,669$2,436$1,573$993$616$207
37 years$3,530$2,314$1,472$915$558$181
38 years$3,399$2,199$1,379$843$506$158
39 years$3,276$2,091$1,292$778$459$138
40 years$3,158$1,990$1,211$717$416$120
41 years$3,047$1,894$1,135$662$378$105
42 years$2,941$1,804$1,065$611$343$92
43 years$2,840$1,719$999$564$311$80
44 years$2,745$1,638$938$520$282$70
45 years$2,653$1,562$881$481$256$61
46 years$2,566$1,490$827$444$233$54
47 years$2,483$1,422$777$410$211$47
48 years$2,404$1,358$730$379$192$41
49 years$2,328$1,296$687$350$174$36
50 years$2,255$1,238$645$324$158$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,310,000, adding $2,430 every year, while hoping to spend $44,650 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: 66/21/13 Blend
59$2,310,000$2,310,000$2,310,000$2,310,000
60$2,548,127$2,425,697$2,389,892$2,708,549
61$2,760,528$2,497,048$2,422,446$2,887,224
62$2,993,098$2,570,400$2,454,594$3,076,977
63$3,247,847$2,645,802$2,486,275$3,283,255
64$3,526,988$2,723,307$2,517,426$3,507,668
65$3,832,959$2,802,967$2,547,978$3,751,995
66$4,168,444$2,884,836$2,577,859$4,018,189
67$4,536,402$2,968,970$2,606,994$4,308,403
68$4,940,089$3,055,423$2,635,302$4,625,009
69$5,383,092$3,144,253$2,662,699$4,970,616
70$5,869,364$3,235,518$2,689,096$5,348,100
71$6,403,258$3,329,277$2,714,399$5,760,627
72$6,989,568$3,425,589$2,738,509$6,211,685
73$7,633,577$3,524,516$2,761,322$6,705,116
74$8,341,103$3,626,119$2,782,728$7,245,150
75$9,118,557$3,730,461$2,802,611$7,836,448
76$9,973,002$3,837,605$2,820,850$8,484,146
77$10,912,217$3,947,617$2,837,318$9,193,898
78$11,944,774$4,060,561$2,851,879$9,971,936
79$13,080,117$4,176,504$2,864,392$10,825,123
80$14,328,649$4,295,513$2,874,710$11,761,023
81$15,701,834$4,417,655$2,882,675$12,787,966
82$17,212,301$4,543,001$2,888,125$13,915,131
83$18,873,965$4,671,617$2,890,887$15,152,632
84$20,702,159$4,803,576$2,890,780$16,511,611
85$22,713,774$4,938,946$2,887,616$18,004,345
86$24,927,424$5,077,799$2,881,196$19,644,361
87$27,363,617$5,220,207$2,871,312$21,446,562
88$30,044,949$5,366,241$2,857,745$23,427,370
89$32,996,321$5,515,973$2,840,266$25,604,881
90$36,245,165$5,669,476$2,818,635$27,999,032
91$39,821,714$5,826,822$2,792,601$30,631,793
92$43,759,276$5,988,083$2,761,900$33,527,371
93$48,094,555$6,153,332$2,726,257$36,712,441
94$52,867,996$6,322,642$2,685,383$40,216,396
95$58,124,163$6,496,083$2,638,974$44,071,625
96$63,912,164$6,673,727$2,586,716$48,313,818
97$70,286,110$6,855,644$2,528,276$52,982,302
98$77,305,627$7,041,906$2,463,308$58,120,415
99$85,036,422$7,232,579$2,391,449$63,775,912
100$93,550,894$7,427,733$2,312,319$70,001,415