Can I retire at age 60 with 2,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$214,706$212,793$210,927$209,106$207,328$200,051
2 years$106,290$104,310$102,392$100,532$98,727$91,473
3 years$70,156$68,168$66,254$64,412$62,637$55,632
4 years$52,093$50,111$48,216$46,405$44,673$37,972
5 years$41,257$39,287$37,418$35,643$33,960$27,580
6 years$34,036$32,081$30,239$28,504$26,871$20,817
7 years$28,880$26,942$25,129$23,435$21,853$16,124
8 years$25,015$23,094$21,311$19,659$18,130$12,720
9 years$22,011$20,107$18,355$16,745$15,268$10,171
10 years$19,608$17,724$16,003$14,434$13,009$8,217
11 years$17,644$15,778$14,088$12,562$11,188$6,691
12 years$16,008$14,162$12,503$11,019$9,695$5,482
13 years$14,625$12,798$11,171$9,728$8,455$4,514
14 years$13,441$11,633$10,037$8,635$7,411$3,732
15 years$12,415$10,627$9,062$7,701$6,525$3,096
16 years$11,519$9,750$8,216$6,896$5,767$2,574
17 years$10,729$8,980$7,476$6,196$5,114$2,146
18 years$10,027$8,298$6,825$5,584$4,547$1,791
19 years$9,400$7,690$6,248$5,045$4,053$1,498
20 years$8,837$7,146$5,734$4,569$3,620$1,254
21 years$8,327$6,656$5,274$4,147$3,239$1,051
22 years$7,865$6,213$4,861$3,771$2,904$881
23 years$7,443$5,811$4,488$3,434$2,606$740
24 years$7,058$5,445$4,151$3,132$2,343$621
25 years$6,703$5,110$3,845$2,860$2,108$522
26 years$6,377$4,802$3,566$2,615$1,899$439
27 years$6,075$4,519$3,311$2,394$1,712$369
28 years$5,795$4,259$3,078$2,193$1,545$310
29 years$5,535$4,018$2,864$2,011$1,395$261
30 years$5,292$3,794$2,668$1,846$1,260$220
31 years$5,066$3,587$2,487$1,695$1,140$185
32 years$4,855$3,394$2,321$1,558$1,031$156
33 years$4,656$3,214$2,167$1,433$933$131
34 years$4,470$3,046$2,025$1,318$845$110
35 years$4,295$2,889$1,893$1,213$765$93
36 years$4,129$2,742$1,771$1,118$693$78
37 years$3,974$2,604$1,657$1,030$628$66
38 years$3,826$2,475$1,552$949$570$56
39 years$3,687$2,354$1,454$875$516$47
40 years$3,555$2,239$1,363$807$468$39
41 years$3,429$2,132$1,278$745$425$33
42 years$3,310$2,030$1,199$687$386$28
43 years$3,197$1,934$1,125$634$350$24
44 years$3,089$1,844$1,056$586$318$20
45 years$2,986$1,758$991$541$288$17
46 years$2,889$1,677$931$500$262$14
47 years$2,795$1,601$875$462$238$12
48 years$2,706$1,528$822$427$216$10
49 years$2,620$1,459$773$394$196$8
50 years$2,539$1,394$726$364$178$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,600,000, adding $6,147 every year, while hoping to spend $55,056 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: 53/29/18 Blend
59$2,600,000$2,600,000$2,600,000$2,600,000
60$2,871,541$2,733,741$2,693,441$3,009,373
61$3,105,859$2,809,115$2,725,092$3,179,870
62$3,362,232$2,886,337$2,755,958$3,358,978
63$3,642,852$2,965,440$2,785,955$3,552,662
64$3,950,131$3,046,455$2,814,993$3,762,326
65$4,286,729$3,129,415$2,842,979$3,989,513
66$4,655,570$3,214,351$2,869,814$4,235,924
67$5,059,878$3,301,295$2,895,392$4,503,432
68$5,503,203$3,390,275$2,919,605$4,794,098
69$5,989,454$3,481,324$2,942,337$5,110,195
70$6,522,938$3,574,468$2,963,465$5,454,224
71$7,108,398$3,669,738$2,982,862$5,828,939
72$7,751,059$3,767,159$3,000,392$6,237,376
73$8,456,676$3,866,759$3,015,914$6,682,878
74$9,231,589$3,968,562$3,029,278$7,169,128
75$10,082,781$4,072,591$3,040,329$7,700,183
76$11,017,946$4,178,870$3,048,902$8,280,513
77$12,045,560$4,287,417$3,054,823$8,915,043
78$13,174,959$4,398,253$3,057,912$9,609,197
79$14,416,431$4,511,394$3,057,978$10,368,954
80$15,781,308$4,626,853$3,054,822$11,200,901
81$17,282,077$4,744,644$3,048,233$12,112,294
82$18,932,492$4,864,775$3,037,993$13,111,131
83$20,747,711$4,987,254$3,023,870$14,206,222
84$22,744,432$5,112,083$3,005,624$15,407,278
85$24,941,052$5,239,264$2,983,001$16,724,997
86$27,357,843$5,368,791$2,955,735$18,171,168
87$30,017,140$5,500,659$2,923,549$19,758,783
88$32,943,553$5,634,856$2,886,152$21,502,157
89$36,164,196$5,771,365$2,843,240$23,417,068
90$39,708,948$5,910,166$2,794,492$25,520,898
91$43,610,729$6,051,232$2,739,576$27,832,807
92$47,905,813$6,194,531$2,678,141$30,373,905
93$52,634,169$6,340,027$2,609,821$33,167,459
94$57,839,839$6,487,673$2,534,235$36,239,107
95$63,571,352$6,637,419$2,450,982$39,617,103
96$69,882,183$6,789,205$2,359,643$43,332,584
97$76,831,256$6,942,966$2,259,781$47,419,863
98$84,483,498$7,098,626$2,150,938$51,916,755
99$92,910,455$7,256,099$2,032,635$56,864,933
100$102,190,966$7,415,292$1,904,373$62,310,321