Can I retire at age 60 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$213,880$211,975$210,116$208,302$206,530$198,807
2 years$105,881$103,909$101,998$100,145$98,348$90,655
3 years$69,886$67,906$65,999$64,164$62,396$54,976
4 years$51,892$49,918$48,031$46,226$44,501$37,411
5 years$41,099$39,136$37,274$35,506$33,829$27,086
6 years$33,905$31,958$30,123$28,395$26,768$20,377
7 years$28,769$26,838$25,032$23,345$21,769$15,729
8 years$24,919$23,005$21,229$19,583$18,060$12,365
9 years$21,926$20,030$18,285$16,681$15,209$9,851
10 years$19,533$17,656$15,941$14,379$12,959$7,928
11 years$17,576$15,718$14,034$12,514$11,145$6,430
12 years$15,947$14,107$12,455$10,976$9,658$5,248
13 years$14,569$12,749$11,128$9,691$8,422$4,304
14 years$13,389$11,588$9,998$8,602$7,383$3,543
15 years$12,368$10,586$9,027$7,672$6,500$2,926
16 years$11,475$9,713$8,184$6,869$5,745$2,423
17 years$10,688$8,945$7,448$6,172$5,094$2,010
18 years$9,989$8,266$6,799$5,562$4,529$1,671
19 years$9,364$7,660$6,224$5,026$4,037$1,391
20 years$8,803$7,118$5,712$4,552$3,606$1,159
21 years$8,295$6,631$5,254$4,131$3,227$967
22 years$7,835$6,189$4,842$3,756$2,892$807
23 years$7,415$5,789$4,471$3,421$2,596$674
24 years$7,030$5,424$4,135$3,120$2,334$564
25 years$6,677$5,090$3,830$2,849$2,100$471
26 years$6,352$4,784$3,552$2,605$1,892$394
27 years$6,051$4,502$3,298$2,385$1,705$330
28 years$5,773$4,242$3,066$2,185$1,539$276
29 years$5,513$4,002$2,853$2,004$1,390$231
30 years$5,272$3,780$2,658$1,839$1,256$194
31 years$5,047$3,573$2,478$1,689$1,135$162
32 years$4,836$3,381$2,312$1,552$1,027$136
33 years$4,638$3,202$2,159$1,427$929$114
34 years$4,453$3,034$2,017$1,313$841$95
35 years$4,278$2,878$1,886$1,209$762$80
36 years$4,114$2,732$1,764$1,113$690$67
37 years$3,958$2,594$1,651$1,026$626$56
38 years$3,811$2,466$1,546$945$567$47
39 years$3,673$2,345$1,448$872$514$39
40 years$3,541$2,231$1,358$804$467$33
41 years$3,416$2,123$1,273$742$423$28
42 years$3,297$2,022$1,194$685$384$23
43 years$3,185$1,927$1,121$632$349$19
44 years$3,077$1,837$1,052$584$316$16
45 years$2,975$1,751$988$539$287$14
46 years$2,877$1,671$928$498$261$11
47 years$2,784$1,594$871$460$237$10
48 years$2,695$1,522$819$425$215$8
49 years$2,610$1,454$770$393$195$7
50 years$2,529$1,388$724$363$177$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,590,000, adding $4,623 every year, while hoping to spend $43,499 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: 47/23/30 Blend
59$2,590,000$2,590,000$2,590,000$2,590,000
60$2,858,949$2,721,679$2,681,534$2,968,502
61$3,104,279$2,808,758$2,725,082$3,133,617
62$3,373,175$2,898,647$2,768,632$3,308,180
63$3,667,994$2,991,436$2,812,137$3,496,859
64$3,991,334$3,087,221$2,855,548$3,701,006
65$4,346,055$3,186,099$2,898,813$3,922,112
66$4,735,306$3,288,172$2,941,878$4,161,814
67$5,162,559$3,393,544$2,984,682$4,421,918
68$5,631,635$3,502,323$3,027,164$4,704,410
69$6,146,746$3,614,621$3,069,258$5,011,477
70$6,712,530$3,730,553$3,110,894$5,345,529
71$7,334,096$3,850,239$3,151,997$5,709,217
72$8,017,074$3,973,801$3,192,489$6,105,462
73$8,767,665$4,101,366$3,232,287$6,537,483
74$9,592,702$4,233,068$3,271,303$7,008,821
75$10,499,710$4,369,040$3,309,445$7,523,380
76$11,496,982$4,509,425$3,346,613$8,085,458
77$12,593,655$4,654,368$3,382,705$8,699,789
78$13,799,793$4,804,017$3,417,611$9,371,591
79$15,126,488$4,958,530$3,451,217$10,106,610
80$16,585,957$5,118,066$3,483,401$10,911,173
81$18,191,665$5,282,791$3,514,034$11,792,257
82$19,958,444$5,452,877$3,542,983$12,757,542
83$21,902,637$5,628,500$3,570,106$13,815,494
84$24,042,255$5,809,845$3,595,253$14,975,437
85$26,397,138$5,997,100$3,618,267$16,247,645
86$28,989,150$6,190,462$3,638,983$17,643,440
87$31,842,382$6,390,133$3,657,227$19,175,293
88$34,983,378$6,596,323$3,672,817$20,856,948
89$38,441,387$6,809,248$3,685,562$22,703,547
90$42,248,639$7,029,132$3,695,258$24,731,773
91$46,440,647$7,256,206$3,701,696$26,960,012
92$51,056,543$7,490,710$3,704,654$29,408,521
93$56,139,448$7,732,892$3,703,897$32,099,622
94$61,736,876$7,983,008$3,699,181$35,057,909
95$67,901,184$8,241,322$3,690,251$38,310,487
96$74,690,067$8,508,109$3,676,836$41,887,219
97$82,167,099$8,783,652$3,658,655$45,821,015
98$90,402,335$9,068,243$3,635,413$50,148,139
99$99,472,973$9,362,187$3,606,799$54,908,551
100$109,464,079$9,665,796$3,572,489$60,146,287