Can I retire at age 60 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$210,577$208,701$206,871$205,085$203,341$200,054
2 years$104,246$102,304$100,423$98,598$96,829$93,527
3 years$68,807$66,857$64,980$63,173$61,432$58,218
4 years$51,091$49,147$47,289$45,513$43,814$40,711
5 years$40,464$38,532$36,698$34,958$33,307$30,325
6 years$33,382$31,464$29,658$27,956$26,354$23,497
7 years$28,325$26,424$24,646$22,984$21,433$18,701
8 years$24,534$22,650$20,901$19,281$17,781$15,174
9 years$21,587$19,721$18,002$16,423$14,974$12,490
10 years$19,231$17,383$15,695$14,157$12,759$10,396
11 years$17,305$15,475$13,818$12,321$10,973$8,729
12 years$15,701$13,889$12,263$10,807$9,509$7,381
13 years$14,344$12,552$10,956$9,541$8,292$6,277
14 years$13,183$11,409$9,844$8,469$7,269$5,363
15 years$12,177$10,423$8,888$7,553$6,400$4,600
16 years$11,297$9,563$8,058$6,763$5,656$3,959
17 years$10,522$8,807$7,332$6,077$5,015$3,417
18 years$9,834$8,138$6,694$5,476$4,459$2,955
19 years$9,219$7,542$6,128$4,948$3,975$2,561
20 years$8,667$7,009$5,624$4,482$3,550$2,224
21 years$8,167$6,528$5,173$4,067$3,177$1,934
22 years$7,714$6,094$4,767$3,698$2,848$1,683
23 years$7,300$5,699$4,402$3,368$2,556$1,467
24 years$6,922$5,340$4,071$3,072$2,298$1,280
25 years$6,574$5,011$3,771$2,805$2,068$1,117
26 years$6,254$4,710$3,497$2,565$1,862$976
27 years$5,958$4,433$3,247$2,348$1,679$853
28 years$5,683$4,177$3,019$2,151$1,515$746
29 years$5,428$3,940$2,809$1,973$1,368$653
30 years$5,191$3,721$2,617$1,810$1,236$572
31 years$4,969$3,518$2,439$1,663$1,118$501
32 years$4,761$3,328$2,276$1,528$1,011$439
33 years$4,567$3,152$2,125$1,405$915$384
34 years$4,384$2,988$1,986$1,293$828$337
35 years$4,212$2,834$1,856$1,190$750$295
36 years$4,050$2,690$1,737$1,096$680$259
37 years$3,897$2,554$1,625$1,010$616$227
38 years$3,753$2,428$1,522$931$559$199
39 years$3,616$2,308$1,426$858$507$175
40 years$3,486$2,196$1,337$792$459$153
41 years$3,363$2,091$1,253$730$417$135
42 years$3,247$1,991$1,176$674$378$118
43 years$3,135$1,897$1,103$622$343$104
44 years$3,030$1,808$1,036$575$312$91
45 years$2,929$1,724$972$531$283$80
46 years$2,833$1,645$913$490$257$70
47 years$2,741$1,570$858$453$233$61
48 years$2,654$1,499$806$418$212$54
49 years$2,570$1,431$758$387$192$47
50 years$2,490$1,367$713$357$175$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,550,000, adding $4,098 every year, while hoping to spend $29,929 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: 71/10/19 Blend
59$2,550,000$2,550,000$2,550,000$2,550,000
60$2,814,327$2,679,177$2,639,652$3,001,013
61$3,069,544$2,778,613$2,696,236$3,225,261
62$3,349,790$2,881,917$2,753,713$3,466,738
63$3,657,587$2,989,249$2,812,080$3,730,371
64$3,995,712$3,100,773$2,871,336$4,018,350
65$4,367,224$3,216,661$2,931,475$4,333,087
66$4,775,495$3,337,091$2,992,494$4,677,237
67$5,224,238$3,462,252$3,054,385$5,053,723
68$5,717,545$3,592,337$3,117,142$5,465,767
69$6,259,923$3,727,550$3,180,754$5,916,913
70$6,856,338$3,868,102$3,245,212$6,411,069
71$7,512,261$4,014,216$3,310,504$6,952,536
72$8,233,721$4,166,121$3,376,614$7,546,051
73$9,027,358$4,324,059$3,443,529$8,196,835
74$9,900,492$4,488,281$3,511,230$8,910,634
75$10,861,183$4,659,048$3,579,697$9,693,782
76$11,918,317$4,836,634$3,648,910$10,553,254
77$13,081,680$5,021,325$3,718,844$11,496,733
78$14,362,060$5,213,417$3,789,473$12,532,685
79$15,771,338$5,413,223$3,860,769$13,670,435
80$17,322,610$5,621,067$3,932,700$14,920,255
81$19,030,304$5,837,286$4,005,233$16,293,465
82$20,910,317$6,062,235$4,078,330$17,802,531
83$22,980,167$6,296,283$4,151,952$19,461,193
84$25,259,158$6,539,814$4,226,056$21,284,585
85$27,768,559$6,793,232$4,300,596$23,289,382
86$30,531,807$7,056,955$4,375,521$25,493,956
87$33,574,728$7,331,423$4,450,777$27,918,550
88$36,925,780$7,617,093$4,526,308$30,585,467
89$40,616,322$7,914,443$4,602,052$33,519,281
90$44,680,909$8,223,973$4,677,943$36,747,067
91$49,157,619$8,546,204$4,753,911$40,298,659
92$54,088,409$8,881,681$4,829,880$44,206,930
93$59,519,516$9,230,973$4,905,771$48,508,100
94$65,501,890$9,594,674$4,981,497$53,242,078
95$72,091,675$9,973,405$5,056,969$58,452,839
96$79,350,738$10,367,814$5,132,090$64,188,841
97$87,347,256$10,778,579$5,206,758$70,503,477
98$96,156,355$11,206,409$5,280,863$77,455,579
99$105,860,822$11,652,042$5,354,291$85,109,978
100$116,551,885$12,116,251$5,426,919$93,538,110