Can I retire at age 60 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$202,319$200,517$198,758$197,042$195,366$188,061
2 years$100,158$98,292$96,485$94,732$93,032$85,755
3 years$66,109$64,235$62,432$60,696$59,023$52,004
4 years$49,087$47,220$45,434$43,728$42,096$35,388
5 years$38,877$37,021$35,259$33,587$32,001$25,622
6 years$32,073$30,230$28,495$26,860$25,321$19,276
7 years$27,214$25,387$23,679$22,083$20,593$14,879
8 years$23,572$21,762$20,082$18,525$17,084$11,696
9 years$20,741$18,947$17,296$15,779$14,387$9,318
10 years$18,477$16,701$15,079$13,602$12,258$7,499
11 years$16,626$14,868$13,276$11,838$10,543$6,083
12 years$15,085$13,345$11,782$10,383$9,136$4,964
13 years$13,782$12,060$10,526$9,167$7,967$4,071
14 years$12,666$10,962$9,458$8,137$6,984$3,352
15 years$11,699$10,014$8,539$7,257$6,149$2,768
16 years$10,854$9,188$7,742$6,498$5,434$2,292
17 years$10,110$8,462$7,045$5,838$4,819$1,902
18 years$9,449$7,819$6,431$5,261$4,284$1,581
19 years$8,858$7,246$5,887$4,754$3,819$1,316
20 years$8,327$6,734$5,403$4,306$3,411$1,096
21 years$7,847$6,272$4,970$3,908$3,052$915
22 years$7,411$5,855$4,580$3,553$2,736$763
23 years$7,014$5,476$4,229$3,236$2,456$638
24 years$6,650$5,131$3,911$2,951$2,208$533
25 years$6,316$4,815$3,623$2,695$1,987$446
26 years$6,009$4,525$3,360$2,464$1,789$373
27 years$5,724$4,259$3,120$2,256$1,613$312
28 years$5,461$4,013$2,900$2,067$1,456$261
29 years$5,215$3,786$2,699$1,895$1,314$219
30 years$4,987$3,575$2,514$1,739$1,188$183
31 years$4,774$3,380$2,344$1,597$1,074$153
32 years$4,575$3,198$2,187$1,468$971$128
33 years$4,388$3,029$2,042$1,350$879$108
34 years$4,212$2,870$1,908$1,242$796$90
35 years$4,047$2,722$1,784$1,143$721$76
36 years$3,891$2,584$1,669$1,053$653$63
37 years$3,744$2,454$1,562$970$592$53
38 years$3,605$2,332$1,462$894$537$44
39 years$3,474$2,218$1,370$825$487$37
40 years$3,350$2,110$1,284$761$441$31
41 years$3,231$2,009$1,204$702$400$26
42 years$3,119$1,913$1,130$648$363$22
43 years$3,013$1,823$1,060$598$330$18
44 years$2,911$1,737$995$552$299$15
45 years$2,814$1,657$934$510$272$13
46 years$2,722$1,580$877$471$247$11
47 years$2,634$1,508$824$435$224$9
48 years$2,550$1,440$775$402$203$8
49 years$2,469$1,375$728$372$185$6
50 years$2,392$1,313$685$343$168$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,450,000, adding $2,698 every year, while hoping to spend $34,929 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: 81/14/5 Blend
59$2,450,000$2,450,000$2,450,000$2,450,000
60$2,702,683$2,572,833$2,534,858$2,921,050
61$2,941,192$2,661,738$2,582,612$3,153,114
62$3,202,859$2,753,828$2,630,794$3,402,804
63$3,490,008$2,849,223$2,679,383$3,675,750
64$3,805,201$2,948,047$2,728,355$3,974,255
65$4,151,259$3,050,428$2,777,682$4,300,855
66$4,531,289$3,156,501$2,827,336$4,658,342
67$4,948,716$3,266,405$2,877,287$5,049,791
68$5,407,310$3,380,283$2,927,500$5,478,589
69$5,911,225$3,498,288$2,977,942$5,948,463
70$6,465,040$3,620,573$3,028,573$6,463,522
71$7,073,797$3,747,304$3,079,352$7,028,286
72$7,743,050$3,878,648$3,130,237$7,647,739
73$8,478,920$4,014,781$3,181,179$8,327,367
74$9,288,151$4,155,886$3,232,129$9,073,213
75$10,178,171$4,302,153$3,283,034$9,891,934
76$11,157,166$4,453,780$3,333,838$10,790,862
77$12,234,155$4,610,973$3,384,479$11,778,076
78$13,419,073$4,773,945$3,434,893$12,862,472
79$14,722,870$4,942,920$3,485,014$14,053,854
80$16,157,608$5,118,128$3,534,767$15,363,018
81$17,736,579$5,299,812$3,584,077$16,801,862
82$19,474,428$5,488,221$3,632,861$18,383,490
83$21,387,293$5,683,616$3,681,035$20,122,341
84$23,492,953$5,886,270$3,728,507$22,034,322
85$25,811,002$6,096,465$3,775,179$24,136,957
86$28,363,028$6,314,495$3,820,951$26,449,556
87$31,172,818$6,540,667$3,865,714$28,993,391
88$34,266,585$6,775,299$3,909,355$31,791,902
89$37,673,211$7,018,723$3,951,753$34,870,911
90$41,424,524$7,271,286$3,992,782$38,258,874
91$45,555,592$7,533,346$4,032,308$41,987,139
92$50,105,062$7,805,279$4,070,189$46,090,251
93$55,115,515$8,087,475$4,106,277$50,606,269
94$60,633,877$8,380,340$4,140,417$55,577,131
95$66,711,853$8,684,298$4,172,442$61,049,046
96$73,406,423$8,999,789$4,202,179$67,072,929
97$80,780,373$9,327,273$4,229,447$73,704,883
98$88,902,890$9,667,229$4,254,052$81,006,727
99$97,850,215$10,020,154$4,275,794$89,046,579
100$107,706,364$10,386,568$4,294,460$97,899,498