Can I retire at age 60 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$205,622$203,790$202,003$200,259$198,556$193,599
2 years$101,793$99,897$98,060$96,278$94,551$89,588
3 years$67,188$65,284$63,451$61,687$59,987$55,173
4 years$49,889$47,991$46,176$44,442$42,783$38,156
5 years$39,512$37,625$35,835$34,135$32,523$28,095
6 years$32,596$30,724$28,960$27,298$25,734$21,511
7 years$27,659$25,802$24,066$22,444$20,929$16,909
8 years$23,957$22,117$20,410$18,827$17,363$13,545
9 years$21,079$19,257$17,579$16,037$14,622$11,004
10 years$18,779$16,974$15,326$13,824$12,458$9,036
11 years$16,898$15,111$13,492$12,031$10,715$7,482
12 years$15,331$13,563$11,974$10,553$9,285$6,237
13 years$14,007$12,257$10,698$9,316$8,097$5,227
14 years$12,872$11,141$9,612$8,270$7,098$4,400
15 years$11,890$10,178$8,679$7,375$6,249$3,717
16 years$11,032$9,338$7,868$6,604$5,523$3,149
17 years$10,275$8,600$7,160$5,934$4,897$2,675
18 years$9,603$7,946$6,536$5,347$4,354$2,277
19 years$9,002$7,365$5,984$4,832$3,881$1,942
20 years$8,463$6,844$5,491$4,376$3,467$1,658
21 years$7,975$6,375$5,051$3,972$3,102$1,418
22 years$7,532$5,950$4,655$3,611$2,781$1,213
23 years$7,129$5,565$4,298$3,289$2,496$1,040
24 years$6,759$5,214$3,975$2,999$2,244$891
25 years$6,420$4,893$3,682$2,739$2,019$765
26 years$6,107$4,599$3,415$2,505$1,819$656
27 years$5,818$4,328$3,171$2,293$1,640$564
28 years$5,550$4,078$2,948$2,100$1,479$484
29 years$5,301$3,848$2,743$1,926$1,336$416
30 years$5,069$3,634$2,555$1,768$1,207$358
31 years$4,852$3,435$2,382$1,624$1,091$308
32 years$4,649$3,250$2,223$1,492$987$265
33 years$4,459$3,078$2,075$1,372$893$228
34 years$4,281$2,917$1,939$1,262$809$196
35 years$4,113$2,767$1,813$1,162$733$169
36 years$3,955$2,626$1,696$1,070$664$145
37 years$3,805$2,494$1,587$986$602$125
38 years$3,664$2,370$1,486$909$545$108
39 years$3,531$2,254$1,393$838$495$93
40 years$3,404$2,145$1,305$773$449$80
41 years$3,284$2,041$1,224$713$407$69
42 years$3,170$1,944$1,148$658$369$59
43 years$3,062$1,852$1,077$608$335$51
44 years$2,958$1,766$1,011$561$304$44
45 years$2,860$1,684$950$518$276$38
46 years$2,766$1,606$892$479$251$33
47 years$2,677$1,533$838$442$228$28
48 years$2,591$1,463$787$409$207$24
49 years$2,509$1,397$740$378$188$21
50 years$2,431$1,335$696$349$171$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,490,000, adding $5,021 every year, while hoping to spend $28,980 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: 53/27/20 Blend
59$2,490,000$2,490,000$2,490,000$2,490,000
60$2,749,159$2,617,189$2,578,594$2,879,553
61$2,998,739$2,714,597$2,634,143$3,067,057
62$3,272,804$2,815,806$2,690,581$3,267,531
63$3,573,823$2,920,973$2,747,907$3,485,054
64$3,904,512$3,030,260$2,806,121$3,721,259
65$4,267,865$3,143,835$2,865,219$3,977,941
66$4,667,180$3,261,877$2,925,197$4,257,077
67$5,106,092$3,384,568$2,986,050$4,560,840
68$5,588,602$3,512,101$3,047,772$4,891,621
69$6,119,122$3,644,676$3,110,355$5,252,050
70$6,702,510$3,782,503$3,173,790$5,645,025
71$7,344,120$3,925,799$3,238,065$6,073,730
72$8,049,849$4,074,792$3,303,169$6,541,672
73$8,826,197$4,229,720$3,369,088$7,052,713
74$9,680,323$4,390,830$3,435,807$7,611,100
75$10,620,116$4,558,381$3,503,306$8,221,510
76$11,654,268$4,732,642$3,571,568$8,889,094
77$12,792,357$4,913,896$3,640,569$9,619,520
78$14,044,937$5,102,435$3,710,287$10,419,030
79$15,423,633$5,298,568$3,780,695$11,294,497
80$16,941,260$5,502,613$3,851,764$12,253,489
81$18,611,933$5,714,906$3,923,463$13,304,340
82$20,451,209$5,935,795$3,995,757$14,456,227
83$22,476,228$6,165,645$4,068,611$15,719,257
84$24,705,877$6,404,836$4,141,984$17,104,560
85$27,160,968$6,653,765$4,215,832$18,624,396
86$29,864,435$6,912,846$4,290,110$20,292,267
87$32,841,545$7,182,514$4,364,767$22,123,044
88$36,120,146$7,463,220$4,439,749$24,133,107
89$39,730,920$7,755,437$4,515,000$26,340,501
90$43,707,678$8,059,658$4,590,457$28,765,099
91$48,087,678$8,376,398$4,666,054$31,428,794
92$52,911,975$8,706,195$4,741,721$34,355,704
93$58,225,810$9,049,612$4,817,382$37,572,396
94$64,079,036$9,407,237$4,892,957$41,108,136
95$70,526,588$9,779,682$4,968,362$44,995,167
96$77,629,002$10,167,588$5,043,504$49,269,008
97$85,452,986$10,571,627$5,118,288$53,968,791
98$94,072,051$10,992,496$5,192,611$59,137,627
99$103,567,200$11,430,928$5,266,363$64,823,012
100$114,027,698$11,887,688$5,339,430$71,077,275