Can I retire at age 60 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$212,228$210,338$208,493$206,693$204,935$198,694
2 years$105,063$103,107$101,210$99,372$97,588$91,353
3 years$69,347$67,381$65,490$63,668$61,914$55,881
4 years$51,492$49,532$47,660$45,870$44,158$38,374
5 years$40,781$38,834$36,986$35,232$33,568$28,048
6 years$33,644$31,711$29,890$28,175$26,561$21,311
7 years$28,547$26,631$24,839$23,165$21,601$16,620
8 years$24,727$22,828$21,065$19,432$17,920$13,204
9 years$21,757$19,875$18,144$16,552$15,092$10,636
10 years$19,382$17,519$15,818$14,268$12,859$8,658
11 years$17,440$15,596$13,926$12,417$11,059$7,105
12 years$15,824$13,998$12,359$10,892$9,583$5,868
13 years$14,457$12,650$11,042$9,616$8,357$4,872
14 years$13,286$11,499$9,921$8,536$7,326$4,061
15 years$12,272$10,505$8,957$7,612$6,450$3,397
16 years$11,386$9,638$8,121$6,816$5,701$2,850
17 years$10,605$8,876$7,390$6,124$5,055$2,396
18 years$9,912$8,202$6,746$5,519$4,494$2,019
19 years$9,292$7,601$6,176$4,987$4,006$1,703
20 years$8,735$7,064$5,668$4,517$3,578$1,439
21 years$8,231$6,579$5,213$4,099$3,202$1,217
22 years$7,774$6,142$4,805$3,727$2,870$1,031
23 years$7,358$5,744$4,436$3,394$2,576$873
24 years$6,976$5,382$4,103$3,096$2,316$740
25 years$6,626$5,051$3,800$2,827$2,084$628
26 years$6,303$4,747$3,524$2,585$1,877$533
27 years$6,005$4,467$3,273$2,366$1,692$453
28 years$5,728$4,209$3,042$2,168$1,527$385
29 years$5,471$3,971$2,831$1,988$1,379$327
30 years$5,231$3,750$2,637$1,825$1,246$278
31 years$5,008$3,545$2,459$1,676$1,126$236
32 years$4,799$3,355$2,294$1,540$1,019$201
33 years$4,602$3,177$2,142$1,416$922$171
34 years$4,418$3,011$2,001$1,303$835$145
35 years$4,245$2,856$1,871$1,199$756$123
36 years$4,082$2,711$1,750$1,105$685$105
37 years$3,928$2,574$1,638$1,018$621$89
38 years$3,782$2,447$1,534$938$563$76
39 years$3,644$2,327$1,437$865$510$65
40 years$3,514$2,213$1,347$798$463$55
41 years$3,390$2,107$1,263$736$420$47
42 years$3,272$2,007$1,185$679$381$40
43 years$3,160$1,912$1,112$627$346$34
44 years$3,054$1,822$1,044$579$314$29
45 years$2,952$1,738$980$535$285$25
46 years$2,855$1,658$920$494$259$21
47 years$2,763$1,582$865$456$235$18
48 years$2,674$1,510$813$422$213$15
49 years$2,590$1,442$764$390$194$13
50 years$2,509$1,378$718$360$176$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,570,000, adding $5,005 every year, while hoping to spend $24,058 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: 65/22/13 Blend
59$2,570,000$2,570,000$2,570,000$2,570,000
60$2,837,303$2,701,093$2,661,258$3,012,851
61$3,101,110$2,807,849$2,724,812$3,237,497
62$3,391,019$2,919,029$2,789,690$3,479,600
63$3,709,668$3,034,826$2,855,909$3,743,536
64$4,059,960$3,155,439$2,923,488$4,031,435
65$4,445,098$3,281,077$2,992,447$4,345,641
66$4,868,607$3,411,959$3,062,802$4,688,732
67$5,334,372$3,548,312$3,134,573$5,063,546
68$5,846,674$3,690,375$3,207,777$5,473,208
69$6,410,228$3,838,398$3,282,432$5,921,155
70$7,030,232$3,992,640$3,358,554$6,411,171
71$7,712,411$4,153,374$3,436,161$6,947,423
72$8,463,072$4,320,885$3,515,267$7,534,498
73$9,289,167$4,495,469$3,595,890$8,177,445
74$10,198,353$4,677,438$3,678,043$8,881,823
75$11,199,069$4,867,117$3,761,742$9,653,754
76$12,300,614$5,064,846$3,847,001$10,499,978
77$13,513,233$5,270,979$3,933,831$11,427,919
78$14,848,214$5,485,889$4,022,246$12,445,749
79$16,317,997$5,709,963$4,112,256$13,562,472
80$17,936,289$5,943,607$4,203,873$14,787,998
81$19,718,193$6,187,246$4,297,105$16,133,248
82$21,680,352$6,441,325$4,391,962$17,610,245
83$23,841,105$6,706,307$4,488,449$19,232,234
84$26,220,659$6,982,677$4,586,574$21,013,803
85$28,841,282$7,270,944$4,686,340$22,971,020
86$31,727,512$7,571,639$4,787,751$25,121,584
87$34,906,386$7,885,317$4,890,809$27,484,991
88$38,407,699$8,212,560$4,995,513$30,082,717
89$42,264,283$8,553,974$5,101,862$32,938,421
90$46,512,318$8,910,197$5,209,851$36,078,162
91$51,191,670$9,281,892$5,319,477$39,530,652
92$56,346,271$9,669,756$5,430,730$43,327,518
93$62,024,533$10,074,516$5,543,602$47,503,604
94$68,279,802$10,496,934$5,658,079$52,097,296
95$75,170,864$10,937,806$5,774,148$57,150,886
96$82,762,501$11,397,967$5,891,790$62,710,966
97$91,126,097$11,878,289$6,010,986$68,828,867
98$100,340,317$12,379,683$6,131,713$75,561,146
99$110,491,848$12,903,106$6,253,943$82,970,112
100$121,676,214$13,449,556$6,377,648$91,124,417