Can I retire at age 60 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$208,925$207,064$205,248$203,476$201,746$198,731
2 years$103,428$101,502$99,635$97,825$96,069$93,039
3 years$68,267$66,333$64,471$62,677$60,950$57,998
4 years$50,690$48,762$46,918$45,156$43,470$40,620
5 years$40,147$38,230$36,410$34,684$33,045$30,304
6 years$33,120$31,217$29,425$27,737$26,148$23,519
7 years$28,103$26,216$24,452$22,804$21,265$18,750
8 years$24,342$22,472$20,737$19,130$17,641$15,240
9 years$21,418$19,566$17,861$16,294$14,857$12,567
10 years$19,080$17,247$15,572$14,046$12,659$10,479
11 years$17,169$15,354$13,709$12,224$10,887$8,815
12 years$15,577$13,781$12,167$10,722$9,434$7,468
13 years$14,232$12,454$10,870$9,466$8,227$6,364
14 years$13,079$11,320$9,767$8,403$7,212$5,448
15 years$12,081$10,341$8,818$7,494$6,350$4,683
16 years$11,209$9,488$7,995$6,710$5,612$4,039
17 years$10,440$8,738$7,275$6,029$4,976$3,493
18 years$9,757$8,074$6,641$5,433$4,424$3,028
19 years$9,147$7,483$6,080$4,909$3,943$2,630
20 years$8,599$6,954$5,580$4,446$3,522$2,288
21 years$8,103$6,477$5,132$4,035$3,152$1,994
22 years$7,653$6,046$4,730$3,669$2,825$1,740
23 years$7,243$5,655$4,367$3,342$2,536$1,520
24 years$6,868$5,298$4,039$3,048$2,280$1,329
25 years$6,523$4,972$3,741$2,783$2,051$1,163
26 years$6,205$4,673$3,470$2,545$1,848$1,019
27 years$5,911$4,398$3,222$2,329$1,666$893
28 years$5,639$4,144$2,995$2,134$1,503$783
29 years$5,386$3,909$2,787$1,957$1,357$687
30 years$5,150$3,692$2,596$1,796$1,226$603
31 years$4,930$3,490$2,420$1,650$1,109$529
32 years$4,724$3,302$2,258$1,516$1,003$465
33 years$4,531$3,127$2,109$1,394$908$408
34 years$4,350$2,964$1,970$1,283$822$359
35 years$4,179$2,811$1,842$1,181$744$315
36 years$4,018$2,668$1,723$1,088$674$277
37 years$3,867$2,534$1,613$1,002$611$244
38 years$3,723$2,409$1,510$924$554$214
39 years$3,587$2,290$1,415$852$503$188
40 years$3,459$2,179$1,326$785$456$166
41 years$3,337$2,074$1,244$725$414$146
42 years$3,221$1,975$1,167$669$375$128
43 years$3,111$1,882$1,095$617$341$113
44 years$3,006$1,794$1,027$570$309$99
45 years$2,906$1,711$965$526$281$87
46 years$2,811$1,632$906$486$255$77
47 years$2,720$1,558$851$449$231$68
48 years$2,633$1,487$800$415$210$60
49 years$2,550$1,420$752$384$191$52
50 years$2,470$1,356$707$355$173$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,530,000, adding $4,234 every year, while hoping to spend $20,000 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: 51/22/27 Blend
59$2,530,000$2,530,000$2,530,000$2,530,000
60$2,792,427$2,658,337$2,619,122$2,913,430
61$3,055,975$2,767,316$2,685,583$3,107,088
62$3,345,734$2,880,964$2,753,600$3,315,194
63$3,664,358$2,999,490$2,823,204$3,541,092
64$4,014,767$3,123,110$2,894,427$3,786,484
65$4,400,183$3,252,052$2,967,299$4,053,240
66$4,824,153$3,386,553$3,041,855$4,343,419
67$5,290,584$3,526,862$3,118,125$4,659,282
68$5,803,784$3,673,239$3,196,142$5,003,320
69$6,368,498$3,825,956$3,275,941$5,378,271
70$6,989,953$3,985,296$3,357,553$5,787,150
71$7,673,911$4,151,558$3,441,014$6,233,270
72$8,426,718$4,325,053$3,526,356$6,720,282
73$9,255,369$4,506,106$3,613,615$7,252,201
74$10,167,570$4,695,058$3,702,824$7,833,445
75$11,171,812$4,892,266$3,794,018$8,468,880
76$12,277,451$5,098,102$3,887,233$9,163,860
77$13,494,799$5,312,956$3,982,503$9,924,280
78$14,835,215$5,537,238$4,079,863$10,756,627
79$16,311,218$5,771,374$4,179,350$11,668,047
80$17,936,602$6,015,810$4,280,997$12,666,405
81$19,726,566$6,271,016$4,384,842$13,760,361
82$21,697,861$6,537,481$4,490,919$14,959,453
83$23,868,942$6,815,717$4,599,264$16,274,180
84$26,260,147$7,106,260$4,709,912$17,716,108
85$28,893,887$7,409,671$4,822,899$19,297,970
86$31,794,857$7,726,539$4,938,260$21,033,793
87$34,990,271$8,057,478$5,056,030$22,939,021
88$38,510,116$8,403,131$5,176,244$25,030,667
89$42,387,436$8,764,173$5,298,937$27,327,468
90$46,658,646$9,141,309$5,424,142$29,850,061
91$51,363,871$9,535,276$5,551,894$32,621,179
92$56,547,329$9,946,848$5,682,227$35,665,859
93$62,257,747$10,376,834$5,815,172$39,011,684
94$68,548,819$10,826,081$5,950,762$42,689,035
95$75,479,716$11,295,476$6,089,029$46,731,382
96$83,115,639$11,785,947$6,230,004$51,175,591
97$91,528,442$12,298,466$6,373,717$56,062,279
98$100,797,304$12,834,052$6,520,197$61,436,188
99$111,009,478$13,393,769$6,669,473$67,346,612
100$122,261,116$13,978,734$6,821,571$73,847,854