Can I retire at age 60 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$235,350$233,254$231,209$229,212$227,263$224,796
2 years$116,510$114,340$112,237$110,198$108,220$105,737
3 years$76,902$74,723$72,625$70,605$68,660$66,236
4 years$57,102$54,929$52,852$50,867$48,969$46,624
5 years$45,225$43,065$41,016$39,071$37,225$34,966
6 years$37,309$35,166$33,147$31,245$29,455$27,284
7 years$31,657$29,532$27,545$25,688$23,955$21,873
8 years$27,421$25,315$23,360$21,549$19,873$17,881
9 years$24,127$22,041$20,120$18,355$16,736$14,832
10 years$21,494$19,428$17,541$15,822$14,260$12,443
11 years$19,341$17,296$15,443$13,770$12,264$10,533
12 years$17,548$15,524$13,705$12,078$10,628$8,981
13 years$16,032$14,029$12,245$10,663$9,267$7,702
14 years$14,733$12,752$11,002$9,466$8,124$6,638
15 years$13,609$11,649$9,933$8,442$7,153$5,745
16 years$12,627$10,688$9,006$7,559$6,322$4,989
17 years$11,760$9,843$8,195$6,791$5,605$4,345
18 years$10,991$9,095$7,481$6,120$4,984$3,794
19 years$10,304$8,429$6,849$5,530$4,442$3,319
20 years$9,686$7,833$6,285$5,009$3,968$2,910
21 years$9,128$7,296$5,781$4,546$3,551$2,555
22 years$8,621$6,811$5,328$4,133$3,183$2,246
23 years$8,159$6,370$4,920$3,764$2,857$1,977
24 years$7,736$5,968$4,550$3,433$2,568$1,742
25 years$7,348$5,601$4,214$3,135$2,311$1,537
26 years$6,990$5,264$3,908$2,867$2,082$1,357
27 years$6,659$4,954$3,629$2,624$1,877$1,198
28 years$6,352$4,668$3,374$2,404$1,693$1,059
29 years$6,067$4,404$3,140$2,205$1,529$937
30 years$5,801$4,159$2,925$2,023$1,382$829
31 years$5,553$3,932$2,726$1,858$1,249$734
32 years$5,321$3,720$2,544$1,708$1,130$650
33 years$5,104$3,523$2,375$1,570$1,023$576
34 years$4,900$3,339$2,219$1,445$926$510
35 years$4,708$3,167$2,075$1,330$839$452
36 years$4,526$3,006$1,941$1,225$760$401
37 years$4,356$2,855$1,817$1,129$689$355
38 years$4,194$2,713$1,701$1,040$624$315
39 years$4,041$2,580$1,594$959$566$280
40 years$3,896$2,455$1,494$885$513$248
41 years$3,759$2,337$1,401$816$466$220
42 years$3,628$2,225$1,314$753$423$195
43 years$3,504$2,120$1,233$695$384$173
44 years$3,386$2,021$1,157$642$348$154
45 years$3,274$1,927$1,087$593$316$136
46 years$3,166$1,839$1,021$548$287$121
47 years$3,064$1,755$959$506$261$108
48 years$2,966$1,675$901$468$237$95
49 years$2,872$1,599$847$432$215$85
50 years$2,783$1,528$796$399$195$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,850,000, adding $2,563 every year, while hoping to spend $40,766 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: 27/49/24 Blend
59$2,850,000$2,850,000$2,850,000$2,850,000
60$3,143,344$2,992,294$2,948,119$3,204,433
61$3,420,590$3,095,541$3,003,506$3,356,476
62$3,724,749$3,202,482$3,059,382$3,515,885
63$4,058,523$3,313,253$3,115,721$3,686,192
64$4,424,889$3,427,999$3,172,494$3,868,349
65$4,827,124$3,546,867$3,229,669$4,063,401
66$5,268,840$3,670,013$3,287,212$4,272,492
67$5,754,016$3,797,598$3,345,088$4,496,882
68$6,287,034$3,929,788$3,403,257$4,737,950
69$6,872,722$4,066,759$3,461,677$4,997,211
70$7,516,399$4,208,690$3,520,303$5,276,331
71$8,223,926$4,355,769$3,579,087$5,577,137
72$9,001,756$4,508,192$3,637,976$5,901,638
73$9,857,004$4,666,162$3,696,917$6,252,040
74$10,797,505$4,829,890$3,755,850$6,630,771
75$11,831,892$4,999,596$3,814,713$7,040,495
76$12,969,677$5,175,509$3,873,438$7,484,144
77$14,221,341$5,357,866$3,931,955$7,964,942
78$15,598,430$5,546,913$3,990,188$8,486,431
79$17,113,667$5,742,910$4,048,056$9,052,511
80$18,781,071$5,946,122$4,105,476$9,667,468
81$20,616,088$6,156,829$4,162,357$10,336,019
82$22,635,735$6,375,320$4,218,602$11,063,354
83$24,858,765$6,601,896$4,274,111$11,855,182
84$27,305,842$6,836,872$4,328,776$12,717,785
85$29,999,732$7,080,573$4,382,484$13,658,078
86$32,965,523$7,333,339$4,435,115$14,683,670
87$36,230,858$7,595,524$4,486,543$15,802,936
88$39,826,196$7,867,496$4,536,634$17,025,096
89$43,785,103$8,149,638$4,585,245$18,360,299
90$48,144,562$8,442,349$4,632,230$19,819,717
91$52,945,328$8,746,044$4,677,430$21,415,650
92$58,232,307$9,061,156$4,720,679$23,161,643
93$64,054,984$9,388,135$4,761,804$25,072,606
94$70,467,889$9,727,449$4,800,621$27,164,960
95$77,531,107$10,079,588$4,836,935$29,456,788
96$85,310,852$10,445,060$4,870,545$31,967,999
97$93,880,085$10,824,395$4,901,235$34,720,524
98$103,319,208$11,218,144$4,928,779$37,738,512
99$113,716,816$11,626,882$4,952,943$41,048,562
100$125,170,541$12,051,208$4,973,476$44,679,969