Can I retire at age 60 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$199,016$197,243$195,513$193,825$192,177$190,408
2 years$98,523$96,688$94,909$93,185$91,513$89,730
3 years$65,029$63,186$61,413$59,705$58,059$56,319
4 years$48,286$46,449$44,693$43,014$41,408$39,723
5 years$38,243$36,416$34,683$33,039$31,478$29,853
6 years$31,549$29,737$28,029$26,421$24,908$23,345
7 years$26,770$24,973$23,292$21,722$20,256$18,757
8 years$23,187$21,406$19,754$18,222$16,805$15,368
9 years$20,402$18,638$17,014$15,521$14,152$12,778
10 years$18,175$16,429$14,833$13,380$12,058$10,746
11 years$16,355$14,625$13,059$11,644$10,370$9,119
12 years$14,839$13,127$11,589$10,214$8,987$7,794
13 years$13,557$11,863$10,354$9,017$7,837$6,702
14 years$12,459$10,783$9,303$8,004$6,870$5,792
15 years$11,508$9,851$8,400$7,138$6,049$5,026
16 years$10,677$9,038$7,616$6,392$5,346$4,376
17 years$9,945$8,323$6,930$5,743$4,740$3,822
18 years$9,294$7,691$6,326$5,176$4,214$3,347
19 years$8,713$7,128$5,791$4,677$3,756$2,937
20 years$8,191$6,624$5,315$4,236$3,355$2,582
21 years$7,719$6,170$4,889$3,844$3,003$2,274
22 years$7,290$5,759$4,506$3,495$2,691$2,005
23 years$6,899$5,387$4,160$3,183$2,416$1,771
24 years$6,542$5,047$3,848$2,903$2,172$1,565
25 years$6,213$4,736$3,564$2,651$1,954$1,385
26 years$5,911$4,451$3,305$2,424$1,760$1,226
27 years$5,631$4,189$3,069$2,219$1,587$1,087
28 years$5,371$3,947$2,853$2,033$1,432$964
29 years$5,130$3,724$2,655$1,864$1,293$855
30 years$4,906$3,517$2,473$1,711$1,168$759
31 years$4,696$3,325$2,306$1,571$1,056$674
32 years$4,500$3,146$2,151$1,444$955$599
33 years$4,316$2,979$2,008$1,328$865$532
34 years$4,143$2,823$1,877$1,222$783$473
35 years$3,981$2,678$1,755$1,125$709$421
36 years$3,828$2,542$1,641$1,036$642$374
37 years$3,683$2,414$1,536$954$582$333
38 years$3,547$2,294$1,439$880$528$296
39 years$3,417$2,182$1,348$811$479$264
40 years$3,295$2,076$1,263$748$434$235
41 years$3,179$1,976$1,185$690$394$209
42 years$3,068$1,882$1,111$637$357$186
43 years$2,963$1,793$1,043$588$324$166
44 years$2,863$1,709$979$543$294$148
45 years$2,768$1,630$919$501$267$131
46 years$2,677$1,555$863$463$243$117
47 years$2,591$1,484$811$428$220$104
48 years$2,508$1,416$762$395$200$93
49 years$2,429$1,353$716$365$182$83
50 years$2,353$1,292$673$338$165$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,410,000, adding $5,415 every year, while hoping to spend $50,145 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: 36/38/26 Blend
59$2,410,000$2,410,000$2,410,000$2,410,000
60$2,661,406$2,533,676$2,496,321$2,736,235
61$2,879,515$2,604,472$2,526,593$2,862,894
62$3,118,191$2,677,056$2,556,200$2,994,578
63$3,379,478$2,751,464$2,585,064$3,135,764
64$3,665,629$2,827,729$2,613,108$3,287,336
65$3,979,122$2,905,887$2,640,246$3,450,271
66$4,322,689$2,985,972$2,666,391$3,625,642
67$4,699,337$3,068,019$2,691,449$3,814,630
68$5,112,379$3,152,061$2,715,322$4,018,538
69$5,565,464$3,238,134$2,737,907$4,238,798
70$6,062,608$3,326,270$2,759,094$4,476,989
71$6,608,240$3,416,503$2,778,769$4,734,850
72$7,207,235$3,508,866$2,796,812$5,014,296
73$7,864,963$3,603,390$2,813,095$5,317,436
74$8,587,340$3,700,108$2,827,486$5,646,595
75$9,380,886$3,799,049$2,839,843$6,004,332
76$10,252,778$3,900,245$2,850,019$6,393,468
77$11,210,927$4,003,723$2,857,861$6,817,112
78$12,264,047$4,109,510$2,863,205$7,278,687
79$13,421,737$4,217,634$2,865,880$7,781,968
80$14,694,575$4,328,119$2,865,707$8,331,111
81$16,094,213$4,440,988$2,862,500$8,930,699
82$17,633,489$4,556,262$2,856,059$9,585,781
83$19,326,547$4,673,961$2,846,180$10,301,920
84$21,188,972$4,794,103$2,832,644$11,085,248
85$23,237,935$4,916,702$2,815,226$11,942,522
86$25,492,354$5,041,770$2,793,685$12,881,188
87$27,973,075$5,169,317$2,767,774$13,909,454
88$30,703,065$5,299,350$2,737,231$15,036,363
89$33,707,631$5,431,871$2,701,782$16,271,883
90$37,014,657$5,566,881$2,661,140$17,627,000
91$40,654,869$5,704,376$2,615,005$19,113,821
92$44,662,122$5,844,346$2,563,063$20,745,689
93$49,073,718$5,986,779$2,504,986$22,537,309
94$53,930,763$6,131,657$2,440,429$24,504,891
95$59,278,550$6,278,957$2,369,032$26,666,296
96$65,166,987$6,428,650$2,290,419$29,041,213
97$71,651,068$6,580,703$2,204,197$31,651,338
98$78,791,393$6,735,072$2,109,953$34,520,587
99$86,654,735$6,891,712$2,007,257$37,675,316
100$95,314,678$7,050,565$1,895,660$41,144,573