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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$214,706$212,793$210,927$209,106$207,328$202,893
2 years$106,290$104,310$102,392$100,532$98,727$94,281
3 years$70,156$68,168$66,254$64,412$62,637$58,318
4 years$52,093$50,111$48,216$46,405$44,673$40,514
5 years$41,257$39,287$37,418$35,643$33,960$29,973
6 years$34,036$32,081$30,239$28,504$26,871$23,061
7 years$28,880$26,942$25,129$23,435$21,853$18,221
8 years$25,015$23,094$21,311$19,659$18,130$14,673
9 years$22,011$20,107$18,355$16,745$15,268$11,984
10 years$19,608$17,724$16,003$14,434$13,009$9,896
11 years$17,644$15,778$14,088$12,562$11,188$8,241
12 years$16,008$14,162$12,503$11,019$9,695$6,910
13 years$14,625$12,798$11,171$9,728$8,455$5,826
14 years$13,441$11,633$10,037$8,635$7,411$4,934
15 years$12,415$10,627$9,062$7,701$6,525$4,195
16 years$11,519$9,750$8,216$6,896$5,767$3,577
17 years$10,729$8,980$7,476$6,196$5,114$3,058
18 years$10,027$8,298$6,825$5,584$4,547$2,620
19 years$9,400$7,690$6,248$5,045$4,053$2,250
20 years$8,837$7,146$5,734$4,569$3,620$1,934
21 years$8,327$6,656$5,274$4,147$3,239$1,665
22 years$7,865$6,213$4,861$3,771$2,904$1,435
23 years$7,443$5,811$4,488$3,434$2,606$1,238
24 years$7,058$5,445$4,151$3,132$2,343$1,069
25 years$6,703$5,110$3,845$2,860$2,108$924
26 years$6,377$4,802$3,566$2,615$1,899$799
27 years$6,075$4,519$3,311$2,394$1,712$691
28 years$5,795$4,259$3,078$2,193$1,545$598
29 years$5,535$4,018$2,864$2,011$1,395$518
30 years$5,292$3,794$2,668$1,846$1,260$449
31 years$5,066$3,587$2,487$1,695$1,140$389
32 years$4,855$3,394$2,321$1,558$1,031$337
33 years$4,656$3,214$2,167$1,433$933$292
34 years$4,470$3,046$2,025$1,318$845$253
35 years$4,295$2,889$1,893$1,213$765$219
36 years$4,129$2,742$1,771$1,118$693$190
37 years$3,974$2,604$1,657$1,030$628$165
38 years$3,826$2,475$1,552$949$570$143
39 years$3,687$2,354$1,454$875$516$124
40 years$3,555$2,239$1,363$807$468$108
41 years$3,429$2,132$1,278$745$425$94
42 years$3,310$2,030$1,199$687$386$81
43 years$3,197$1,934$1,125$634$350$70
44 years$3,089$1,844$1,056$586$318$61
45 years$2,986$1,758$991$541$288$53
46 years$2,889$1,677$931$500$262$46
47 years$2,795$1,601$875$462$238$40
48 years$2,706$1,528$822$427$216$35
49 years$2,620$1,459$773$394$196$30
50 years$2,539$1,394$726$364$178$26

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 $5,880 every year, while hoping to spend $23,546 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: 47/45/8 Blend
59$2,600,000$2,600,000$2,600,000$2,600,000
60$2,871,265$2,733,465$2,693,165$2,999,706
61$3,139,082$2,842,352$2,758,333$3,197,468
62$3,433,426$2,955,786$2,824,896$3,409,028
63$3,756,979$3,073,963$2,892,874$3,638,074
64$4,112,696$3,197,092$2,962,289$3,886,237
65$4,503,829$3,325,388$3,033,164$4,155,305
66$4,933,964$3,459,076$3,105,520$4,447,245
67$5,407,052$3,598,394$3,179,379$4,764,215
68$5,927,444$3,743,589$3,254,761$5,108,587
69$6,499,936$3,894,917$3,331,687$5,482,969
70$7,129,810$4,052,649$3,410,180$5,890,227
71$7,822,888$4,217,066$3,490,258$6,333,510
72$8,585,585$4,388,464$3,571,944$6,816,281
73$9,424,966$4,567,150$3,655,255$7,342,348
74$10,348,819$4,753,447$3,740,213$7,915,897
75$11,365,724$4,947,691$3,826,835$8,541,534
76$12,485,135$5,150,235$3,915,142$9,224,322
77$13,717,469$5,361,447$4,005,150$9,969,833
78$15,074,205$5,581,713$4,096,876$10,784,196
79$16,567,992$5,811,434$4,190,339$11,674,152
80$18,212,765$6,051,033$4,285,554$12,647,121
81$20,023,883$6,300,949$4,382,535$13,711,266
82$22,018,267$6,561,643$4,481,299$14,875,571
83$24,214,565$6,833,599$4,581,857$16,149,922
84$26,633,324$7,117,318$4,684,222$17,545,201
85$29,297,185$7,413,330$4,788,406$19,073,384
86$32,231,100$7,722,184$4,894,420$20,747,657
87$35,462,560$8,044,459$5,002,271$22,582,531
88$39,021,862$8,380,758$5,111,967$24,593,984
89$42,942,389$8,731,713$5,223,515$26,799,605
90$47,260,929$9,097,983$5,336,920$29,218,761
91$52,018,021$9,480,261$5,452,183$31,872,774
92$57,258,335$9,879,270$5,569,307$34,785,123
93$63,031,097$10,295,766$5,688,291$37,981,662
94$69,390,551$10,730,541$5,809,131$41,490,859
95$76,396,474$11,184,424$5,931,824$45,344,066
96$84,114,736$11,658,283$6,056,361$49,575,809
97$92,617,924$12,153,023$6,182,734$54,224,111
98$101,986,026$12,669,596$6,310,930$59,330,848
99$112,307,189$13,208,994$6,440,935$64,942,144
100$123,678,547$13,772,259$6,572,730$71,108,797