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

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$215,531$213,612$211,738$209,910$208,125$204,761
2 years$106,699$104,712$102,786$100,918$99,107$95,728
3 years$70,426$68,430$66,509$64,659$62,878$59,587
4 years$52,293$50,303$48,402$46,583$44,845$41,669
5 years$41,416$39,438$37,562$35,781$34,090$31,039
6 years$34,167$32,204$30,355$28,614$26,975$24,050
7 years$28,992$27,045$25,225$23,525$21,938$19,141
8 years$25,112$23,183$21,393$19,735$18,199$15,531
9 years$22,095$20,185$18,426$16,810$15,326$12,784
10 years$19,684$17,792$16,064$14,490$13,059$10,641
11 years$17,712$15,839$14,143$12,611$11,231$8,934
12 years$16,070$14,216$12,551$11,061$9,733$7,555
13 years$14,682$12,847$11,214$9,765$8,487$6,425
14 years$13,493$11,678$10,076$8,669$7,440$5,489
15 years$12,463$10,668$9,097$7,731$6,550$4,709
16 years$11,563$9,788$8,248$6,922$5,789$4,052
17 years$10,770$9,014$7,505$6,220$5,133$3,497
18 years$10,066$8,329$6,851$5,605$4,564$3,025
19 years$9,436$7,720$6,272$5,065$4,068$2,622
20 years$8,871$7,173$5,756$4,587$3,634$2,276
21 years$8,359$6,682$5,294$4,163$3,252$1,979
22 years$7,895$6,237$4,880$3,785$2,915$1,723
23 years$7,472$5,834$4,505$3,447$2,617$1,502
24 years$7,085$5,466$4,167$3,144$2,352$1,310
25 years$6,729$5,129$3,859$2,871$2,116$1,144
26 years$6,401$4,821$3,579$2,625$1,906$999
27 years$6,098$4,537$3,324$2,403$1,719$873
28 years$5,817$4,275$3,090$2,202$1,551$764
29 years$5,556$4,033$2,875$2,019$1,400$669
30 years$5,313$3,809$2,678$1,853$1,265$585
31 years$5,086$3,600$2,497$1,702$1,144$513
32 years$4,873$3,407$2,330$1,564$1,035$449
33 years$4,674$3,226$2,175$1,438$936$393
34 years$4,487$3,058$2,032$1,323$848$345
35 years$4,311$2,900$1,900$1,218$768$302
36 years$4,145$2,753$1,778$1,122$696$265
37 years$3,989$2,615$1,664$1,034$631$232
38 years$3,841$2,485$1,558$953$572$204
39 years$3,701$2,363$1,460$879$518$179
40 years$3,568$2,248$1,368$810$470$157
41 years$3,442$2,140$1,283$748$427$138
42 years$3,323$2,038$1,203$690$387$121
43 years$3,209$1,942$1,129$637$351$106
44 years$3,101$1,851$1,060$588$319$93
45 years$2,998$1,765$995$543$290$82
46 years$2,900$1,684$935$502$263$72
47 years$2,806$1,607$878$463$239$63
48 years$2,716$1,534$825$428$217$55
49 years$2,630$1,465$776$396$197$48
50 years$2,548$1,399$729$366$179$43

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 $3,431 every year, while hoping to spend $52,170 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: 63/23/14 Blend
59$2,610,000$2,610,000$2,610,000$2,610,000
60$2,879,759$2,741,429$2,700,974$3,051,246
61$3,117,986$2,820,251$2,735,948$3,245,452
62$3,378,764$2,901,186$2,770,346$3,451,144
63$3,664,337$2,984,283$2,804,091$3,674,482
64$3,977,178$3,069,592$2,837,108$3,917,185
65$4,320,010$3,157,162$2,869,311$4,181,141
66$4,695,832$3,247,044$2,900,613$4,468,432
67$5,107,946$3,339,288$2,930,922$4,781,351
68$5,559,989$3,433,945$2,960,141$5,122,421
69$6,055,968$3,531,069$2,988,166$5,494,422
70$6,600,296$3,630,710$3,014,888$5,900,414
71$7,197,833$3,732,923$3,040,195$6,343,768
72$7,853,936$3,837,760$3,063,965$6,828,198
73$8,574,501$3,945,274$3,086,072$7,357,794
74$9,366,028$4,055,519$3,106,382$7,937,060
75$10,235,673$4,168,550$3,124,756$8,570,959
76$11,191,322$4,284,420$3,141,047$9,264,958
77$12,241,664$4,403,184$3,155,099$10,025,079
78$13,396,269$4,524,894$3,166,749$10,857,956
79$14,665,681$4,649,607$3,175,828$11,770,898
80$16,061,517$4,777,374$3,182,155$12,771,959
81$17,596,576$4,908,250$3,185,542$13,870,008
82$19,284,960$5,042,288$3,185,791$15,074,822
83$21,142,206$5,179,540$3,182,695$16,397,169
84$23,185,431$5,320,058$3,176,035$17,848,916
85$25,433,498$5,463,893$3,165,585$19,443,135
86$27,907,186$5,611,095$3,151,103$21,194,233
87$30,629,393$5,761,713$3,132,340$23,118,083
88$33,625,350$5,915,796$3,109,032$25,232,173
89$36,922,855$6,073,388$3,080,903$27,555,775
90$40,552,538$6,234,536$3,047,665$30,110,124
91$44,548,151$6,399,283$3,009,016$32,918,619
92$48,946,882$6,567,668$2,964,639$36,007,044
93$53,789,712$6,739,731$2,914,201$39,403,809
94$59,121,792$6,915,508$2,857,357$43,140,223
95$64,992,879$7,095,032$2,793,743$47,250,783
96$71,457,798$7,278,334$2,722,978$51,773,507
97$78,576,962$7,465,440$2,644,666$56,750,285
98$86,416,940$7,656,374$2,558,390$62,227,280
99$95,051,087$7,851,156$2,463,716$68,255,361
100$104,560,235$8,049,800$2,360,187$74,890,585