Can I retire at age 60 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$215,531$213,612$211,738$209,910$208,125$200,900
2 years$106,699$104,712$102,786$100,918$99,107$91,903
3 years$70,426$68,430$66,509$64,659$62,878$55,921
4 years$52,293$50,303$48,402$46,583$44,845$38,188
5 years$41,416$39,438$37,562$35,781$34,090$27,751
6 years$34,167$32,204$30,355$28,614$26,975$20,958
7 years$28,992$27,045$25,225$23,525$21,938$16,243
8 years$25,112$23,183$21,393$19,735$18,199$12,821
9 years$22,095$20,185$18,426$16,810$15,326$10,258
10 years$19,684$17,792$16,064$14,490$13,059$8,293
11 years$17,712$15,839$14,143$12,611$11,231$6,757
12 years$16,070$14,216$12,551$11,061$9,733$5,540
13 years$14,682$12,847$11,214$9,765$8,487$4,565
14 years$13,493$11,678$10,076$8,669$7,440$3,777
15 years$12,463$10,668$9,097$7,731$6,550$3,135
16 years$11,563$9,788$8,248$6,922$5,789$2,609
17 years$10,770$9,014$7,505$6,220$5,133$2,176
18 years$10,066$8,329$6,851$5,605$4,564$1,818
19 years$9,436$7,720$6,272$5,065$4,068$1,521
20 years$8,871$7,173$5,756$4,587$3,634$1,275
21 years$8,359$6,682$5,294$4,163$3,252$1,069
22 years$7,895$6,237$4,880$3,785$2,915$897
23 years$7,472$5,834$4,505$3,447$2,617$754
24 years$7,085$5,466$4,167$3,144$2,352$634
25 years$6,729$5,129$3,859$2,871$2,116$533
26 years$6,401$4,821$3,579$2,625$1,906$448
27 years$6,098$4,537$3,324$2,403$1,719$377
28 years$5,817$4,275$3,090$2,202$1,551$318
29 years$5,556$4,033$2,875$2,019$1,400$267
30 years$5,313$3,809$2,678$1,853$1,265$225
31 years$5,086$3,600$2,497$1,702$1,144$190
32 years$4,873$3,407$2,330$1,564$1,035$160
33 years$4,674$3,226$2,175$1,438$936$135
34 years$4,487$3,058$2,032$1,323$848$113
35 years$4,311$2,900$1,900$1,218$768$96
36 years$4,145$2,753$1,778$1,122$696$81
37 years$3,989$2,615$1,664$1,034$631$68
38 years$3,841$2,485$1,558$953$572$57
39 years$3,701$2,363$1,460$879$518$48
40 years$3,568$2,248$1,368$810$470$41
41 years$3,442$2,140$1,283$748$427$34
42 years$3,323$2,038$1,203$690$387$29
43 years$3,209$1,942$1,129$637$351$24
44 years$3,101$1,851$1,060$588$319$21
45 years$2,998$1,765$995$543$290$17
46 years$2,900$1,684$935$502$263$15
47 years$2,806$1,607$878$463$239$12
48 years$2,716$1,534$825$428$217$10
49 years$2,630$1,465$776$396$197$9
50 years$2,548$1,399$729$366$179$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,610,000, adding $4,397 every year, while hoping to spend $27,112 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: 56/22/22 Blend
59$2,610,000$2,610,000$2,610,000$2,610,000
60$2,880,756$2,742,426$2,701,971$3,024,674
61$3,145,746$2,847,957$2,763,640$3,229,094
62$3,436,856$2,957,752$2,826,466$3,448,436
63$3,756,722$3,071,989$2,890,460$3,686,816
64$4,108,248$3,190,856$2,955,630$3,946,073
65$4,494,633$3,314,551$3,021,987$4,228,227
66$4,919,399$3,443,278$3,089,538$4,535,503
67$5,386,431$3,577,252$3,158,290$4,870,349
68$5,900,006$3,716,696$3,228,252$5,235,456
69$6,464,836$3,861,844$3,299,428$5,633,790
70$7,086,114$4,012,939$3,371,823$6,068,611
71$7,769,562$4,170,237$3,445,443$6,543,511
72$8,521,482$4,334,003$3,520,290$7,062,441
73$9,348,820$4,504,516$3,596,367$7,629,752
74$10,259,228$4,682,066$3,673,673$8,250,234
75$11,261,137$4,866,955$3,752,210$8,929,161
76$12,363,839$5,059,502$3,831,974$9,672,337
77$13,577,569$5,260,036$3,912,964$10,486,157
78$14,913,607$5,468,904$3,995,174$11,377,660
79$16,384,381$5,686,467$4,078,599$12,354,598
80$18,003,587$5,913,102$4,163,231$13,425,507
81$19,786,313$6,149,204$4,249,060$14,599,789
82$21,749,188$6,395,186$4,336,074$15,887,798
83$23,910,533$6,651,478$4,424,260$17,300,936
84$26,290,538$6,918,531$4,513,603$18,851,764
85$28,911,448$7,196,815$4,604,085$20,554,115
86$31,797,779$7,486,822$4,695,685$22,423,227
87$34,976,542$7,789,066$4,788,380$24,475,882
88$38,477,505$8,104,085$4,882,146$26,730,568
89$42,333,465$8,432,441$4,976,953$29,207,651
90$46,580,569$8,774,720$5,072,771$31,929,564
91$51,258,643$9,131,538$5,169,565$34,921,020
92$56,411,577$9,503,536$5,267,298$38,209,243
93$62,087,733$9,891,384$5,365,928$41,824,225
94$68,340,407$10,295,786$5,465,410$45,799,006
95$75,228,323$10,717,475$5,565,697$50,169,987
96$82,816,200$11,157,219$5,666,735$54,977,271
97$91,175,349$11,615,819$5,768,468$60,265,038
98$100,384,356$12,094,116$5,870,833$66,081,965
99$110,529,819$12,592,986$5,973,764$72,481,682
100$121,707,166$13,113,348$6,077,191$79,523,274