Can I retire at age 60 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$213,054$211,156$209,305$207,497$205,733$199,627
2 years$105,472$103,508$101,604$99,758$97,968$91,867
3 years$69,616$67,644$65,745$63,916$62,155$56,250
4 years$51,692$49,725$47,845$46,048$44,329$38,666
5 years$40,940$38,985$37,130$35,369$33,699$28,292
6 years$33,775$31,834$30,006$28,285$26,664$21,519
7 years$28,658$26,734$24,936$23,255$21,685$16,801
8 years$24,823$22,916$21,147$19,508$17,990$13,364
9 years$21,841$19,953$18,214$16,616$15,150$10,778
10 years$19,457$17,587$15,880$14,323$12,909$8,784
11 years$17,508$15,657$13,980$12,466$11,102$7,218
12 years$15,885$14,053$12,407$10,934$9,621$5,969
13 years$14,513$12,700$11,085$9,653$8,389$4,963
14 years$13,338$11,544$9,960$8,569$7,354$4,143
15 years$12,320$10,545$8,992$7,642$6,475$3,470
16 years$11,430$9,675$8,153$6,843$5,723$2,915
17 years$10,646$8,910$7,419$6,148$5,074$2,455
18 years$9,950$8,234$6,772$5,541$4,512$2,071
19 years$9,328$7,631$6,200$5,006$4,021$1,750
20 years$8,769$7,091$5,690$4,534$3,592$1,481
21 years$8,263$6,605$5,234$4,115$3,214$1,255
22 years$7,804$6,166$4,824$3,742$2,881$1,064
23 years$7,386$5,766$4,454$3,408$2,586$903
24 years$7,003$5,403$4,119$3,108$2,325$767
25 years$6,652$5,070$3,815$2,838$2,092$652
26 years$6,328$4,765$3,538$2,595$1,884$554
27 years$6,028$4,485$3,285$2,375$1,699$471
28 years$5,750$4,226$3,054$2,176$1,533$401
29 years$5,492$3,987$2,842$1,996$1,384$341
30 years$5,252$3,765$2,647$1,832$1,251$290
31 years$5,027$3,559$2,468$1,682$1,131$247
32 years$4,817$3,368$2,303$1,546$1,023$211
33 years$4,620$3,189$2,150$1,422$926$179
34 years$4,436$3,023$2,009$1,308$838$153
35 years$4,262$2,867$1,878$1,204$759$130
36 years$4,098$2,721$1,757$1,109$688$111
37 years$3,943$2,584$1,645$1,022$623$94
38 years$3,797$2,456$1,540$942$565$81
39 years$3,658$2,336$1,443$868$512$69
40 years$3,527$2,222$1,352$801$465$58
41 years$3,403$2,115$1,268$739$422$50
42 years$3,285$2,014$1,190$682$383$42
43 years$3,172$1,919$1,116$630$347$36
44 years$3,065$1,830$1,048$581$315$31
45 years$2,963$1,745$984$537$286$26
46 years$2,866$1,664$924$496$260$22
47 years$2,774$1,588$868$458$236$19
48 years$2,685$1,516$816$423$214$16
49 years$2,600$1,448$767$391$195$14
50 years$2,519$1,383$721$362$177$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,580,000, adding $3,708 every year, while hoping to spend $40,068 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: 85/10/5 Blend
59$2,580,000$2,580,000$2,580,000$2,580,000
60$2,846,985$2,710,245$2,670,255$3,088,704
61$3,094,745$2,800,415$2,717,076$3,336,993
62$3,366,434$2,893,660$2,764,123$3,603,822
63$3,664,450$2,990,089$2,811,361$3,895,659
64$3,991,435$3,089,815$2,858,753$4,214,989
65$4,350,299$3,192,953$2,906,258$4,564,548
66$4,744,246$3,299,624$2,953,835$4,947,349
67$5,176,808$3,409,955$3,001,437$5,366,709
68$5,651,874$3,524,073$3,049,016$5,826,284
69$6,173,727$3,642,116$3,096,521$6,330,097
70$6,747,089$3,764,221$3,143,896$6,882,583
71$7,377,158$3,890,534$3,191,083$7,488,623
72$8,069,663$4,021,205$3,238,019$8,153,596
73$8,830,915$4,156,390$3,284,639$8,883,427
74$9,667,866$4,296,251$3,330,872$9,684,641
75$10,588,177$4,440,955$3,376,644$10,564,428
76$11,600,286$4,590,677$3,421,876$11,530,707
77$12,713,491$4,745,597$3,466,486$12,592,202
78$13,938,038$4,905,902$3,510,384$13,758,526
79$15,285,213$5,071,786$3,553,477$15,040,265
80$16,767,454$5,243,453$3,595,667$16,449,087
81$18,398,462$5,421,110$3,636,850$17,997,842
82$20,193,336$5,604,975$3,676,915$19,700,691
83$22,168,711$5,795,274$3,715,747$21,573,234
84$24,342,918$5,992,240$3,753,223$23,632,660
85$26,736,153$6,196,117$3,789,213$25,897,906
86$29,370,671$6,407,158$3,823,582$28,389,837
87$32,270,995$6,625,623$3,856,187$31,131,443
88$35,464,143$6,851,786$3,886,877$34,148,057
89$38,979,890$7,085,928$3,915,491$37,467,586
90$42,851,043$7,328,343$3,941,865$41,120,786
91$47,113,753$7,579,335$3,965,820$45,141,541
92$51,807,854$7,839,220$3,987,173$49,567,188
93$56,977,240$8,108,328$4,005,729$54,438,869
94$62,670,282$8,386,998$4,021,284$59,801,915
95$68,940,276$8,675,587$4,033,623$65,706,278
96$75,845,955$8,974,462$4,042,520$72,206,999
97$83,452,038$9,284,005$4,047,739$79,364,728
98$91,829,839$9,604,615$4,049,032$87,246,295
99$101,057,945$9,936,704$4,046,137$95,925,343
100$111,222,954$10,280,701$4,038,781$105,483,020