Can I retire at age 60 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$211,402$209,519$207,682$205,889$204,138$196,039
2 years$104,655$102,706$100,817$98,985$97,209$89,149
3 years$69,077$67,119$65,235$63,421$61,673$53,907
4 years$51,291$49,340$47,474$45,691$43,986$36,572
5 years$40,623$38,683$36,842$35,095$33,437$26,395
6 years$33,513$31,588$29,774$28,066$26,458$19,792
7 years$28,436$26,527$24,742$23,074$21,517$15,225
8 years$24,630$22,739$20,983$19,357$17,851$11,926
9 years$21,672$19,798$18,073$16,488$15,033$9,466
10 years$19,307$17,451$15,756$14,212$12,809$7,589
11 years$17,373$15,536$13,872$12,369$11,016$6,132
12 years$15,762$13,944$12,311$10,849$9,546$4,984
13 years$14,400$12,601$10,999$9,578$8,324$4,071
14 years$13,234$11,454$9,883$8,503$7,297$3,337
15 years$12,224$10,464$8,923$7,583$6,425$2,744
16 years$11,342$9,600$8,090$6,790$5,678$2,262
17 years$10,564$8,841$7,361$6,100$5,035$1,869
18 years$9,873$8,170$6,720$5,498$4,477$1,546
19 years$9,256$7,572$6,152$4,968$3,990$1,281
20 years$8,701$7,036$5,646$4,499$3,564$1,063
21 years$8,199$6,554$5,193$4,083$3,190$882
22 years$7,744$6,118$4,786$3,713$2,859$733
23 years$7,329$5,722$4,419$3,381$2,566$610
24 years$6,949$5,361$4,087$3,084$2,307$507
25 years$6,600$5,031$3,785$2,816$2,076$422
26 years$6,278$4,728$3,511$2,575$1,870$351
27 years$5,981$4,450$3,260$2,357$1,686$293
28 years$5,706$4,193$3,031$2,160$1,521$244
29 years$5,450$3,956$2,820$1,980$1,373$203
30 years$5,211$3,736$2,627$1,817$1,241$169
31 years$4,988$3,532$2,449$1,669$1,122$141
32 years$4,780$3,342$2,285$1,534$1,015$118
33 years$4,585$3,164$2,134$1,411$918$98
34 years$4,401$2,999$1,993$1,298$832$82
35 years$4,229$2,845$1,864$1,195$753$68
36 years$4,066$2,700$1,743$1,100$682$57
37 years$3,912$2,564$1,632$1,014$619$47
38 years$3,767$2,437$1,528$935$561$39
39 years$3,630$2,317$1,432$862$509$33
40 years$3,500$2,205$1,342$795$461$27
41 years$3,376$2,099$1,258$733$418$23
42 years$3,259$1,999$1,180$677$380$19
43 years$3,148$1,905$1,108$625$345$16
44 years$3,042$1,815$1,040$577$313$13
45 years$2,941$1,731$976$533$284$11
46 years$2,844$1,651$917$492$258$9
47 years$2,752$1,576$861$455$234$8
48 years$2,664$1,504$809$420$213$6
49 years$2,580$1,437$761$388$193$5
50 years$2,499$1,372$715$359$175$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,560,000, adding $3,673 every year, while hoping to spend $38,235 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: 26/48/26 Blend
59$2,560,000$2,560,000$2,560,000$2,560,000
60$2,824,909$2,689,229$2,649,549$2,875,211
61$3,072,368$2,780,319$2,697,627$3,007,510
62$3,343,786$2,874,592$2,746,034$3,145,828
63$3,641,567$2,972,162$2,794,741$3,293,442
64$3,968,358$3,073,149$2,843,716$3,451,164
65$4,327,076$3,177,678$2,892,926$3,619,882
66$4,720,932$3,285,879$2,942,333$3,800,572
67$5,153,465$3,397,885$2,991,899$3,994,306
68$5,628,573$3,513,835$3,041,582$4,202,258
69$6,150,549$3,633,875$3,091,337$4,425,721
70$6,724,125$3,758,155$3,141,117$4,666,112
71$7,354,511$3,886,830$3,190,870$4,924,989
72$8,047,450$4,020,063$3,240,543$5,204,066
73$8,809,265$4,158,022$3,290,076$5,505,222
74$9,646,927$4,300,882$3,339,411$5,830,527
75$10,568,112$4,448,824$3,388,479$6,182,255
76$11,581,280$4,602,036$3,437,214$6,562,905
77$12,695,750$4,760,716$3,485,541$6,975,227
78$13,921,792$4,925,066$3,533,381$7,422,245
79$15,270,719$5,095,298$3,580,653$7,907,285
80$16,754,996$5,271,632$3,627,270$8,434,006
81$18,388,360$5,454,297$3,673,137$9,006,433
82$20,185,945$5,643,529$3,718,159$9,628,997
83$22,164,425$5,839,575$3,762,231$10,306,571
84$24,342,174$6,042,693$3,805,244$11,044,521
85$26,739,439$6,253,148$3,847,083$11,848,750
86$29,378,527$6,471,217$3,887,625$12,725,756
87$32,284,020$6,697,190$3,926,744$13,682,695
88$35,483,003$6,931,365$3,964,302$14,727,440
89$39,005,321$7,174,054$4,000,159$15,868,663
90$42,883,862$7,425,581$4,034,162$17,115,908
91$47,154,865$7,686,283$4,066,155$18,479,686
92$51,858,260$7,956,510$4,095,970$19,971,569
93$57,038,050$8,236,626$4,123,433$21,604,303
94$62,742,721$8,527,011$4,148,358$23,391,921
95$69,025,702$8,828,058$4,170,552$25,349,878
96$75,945,870$9,140,179$4,189,811$27,495,194
97$83,568,100$9,463,799$4,205,921$29,846,616
98$91,963,883$9,799,362$4,218,657$32,424,791
99$101,212,000$10,147,331$4,227,782$35,252,460
100$111,399,260$10,508,187$4,233,049$38,354,672