Can I retire at age 60 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$217,183$215,248$213,361$211,519$209,720$201,479
2 years$107,516$105,514$103,573$101,692$99,867$91,664
3 years$70,966$68,955$67,019$65,155$63,359$55,455
4 years$52,694$50,689$48,773$46,940$45,189$37,641
5 years$41,734$39,741$37,849$36,055$34,352$27,181
6 years$34,429$32,451$30,588$28,833$27,181$20,392
7 years$29,214$27,253$25,419$23,705$22,106$15,696
8 years$25,304$23,360$21,557$19,886$18,339$12,302
9 years$22,265$20,339$18,567$16,938$15,444$9,771
10 years$19,835$17,928$16,187$14,601$13,159$7,839
11 years$17,848$15,960$14,251$12,707$11,317$6,337
12 years$16,193$14,325$12,647$11,146$9,807$5,154
13 years$14,794$12,946$11,300$9,840$8,552$4,213
14 years$13,596$11,767$10,153$8,735$7,497$3,456
15 years$12,559$10,750$9,167$7,790$6,601$2,844
16 years$11,652$9,863$8,311$6,975$5,834$2,346
17 years$10,853$9,083$7,563$6,267$5,173$1,940
18 years$10,143$8,393$6,904$5,648$4,599$1,606
19 years$9,509$7,779$6,320$5,103$4,099$1,332
20 years$8,939$7,228$5,800$4,622$3,662$1,106
21 years$8,423$6,733$5,335$4,195$3,277$919
22 years$7,956$6,285$4,917$3,814$2,937$764
23 years$7,529$5,878$4,540$3,474$2,637$636
24 years$7,139$5,508$4,199$3,168$2,370$529
25 years$6,781$5,169$3,889$2,893$2,132$441
26 years$6,450$4,858$3,607$2,645$1,921$367
27 years$6,145$4,572$3,349$2,421$1,732$306
28 years$5,862$4,308$3,113$2,219$1,563$255
29 years$5,599$4,064$2,897$2,035$1,411$213
30 years$5,354$3,838$2,699$1,867$1,275$177
31 years$5,125$3,628$2,516$1,715$1,153$148
32 years$4,911$3,433$2,347$1,576$1,043$123
33 years$4,710$3,251$2,192$1,449$944$103
34 years$4,521$3,081$2,048$1,333$854$86
35 years$4,344$2,922$1,915$1,227$774$72
36 years$4,177$2,774$1,791$1,130$701$60
37 years$4,019$2,635$1,676$1,042$635$50
38 years$3,870$2,504$1,570$960$576$42
39 years$3,729$2,381$1,471$885$522$35
40 years$3,596$2,265$1,379$816$474$29
41 years$3,469$2,156$1,293$753$430$24
42 years$3,348$2,054$1,213$695$390$20
43 years$3,234$1,957$1,138$642$354$17
44 years$3,125$1,865$1,068$593$321$14
45 years$3,021$1,778$1,003$547$292$12
46 years$2,922$1,697$942$506$265$10
47 years$2,827$1,619$885$467$241$8
48 years$2,737$1,546$832$432$218$7
49 years$2,650$1,476$782$399$198$6
50 years$2,568$1,410$735$369$180$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,630,000, adding $2,145 every year, while hoping to spend $24,654 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: 50/31/19 Blend
59$2,630,000$2,630,000$2,630,000$2,630,000
60$2,900,473$2,761,083$2,720,318$3,030,051
61$3,170,089$2,870,144$2,785,217$3,228,883
62$3,466,380$2,983,723$2,851,463$3,442,143
63$3,792,041$3,102,015$2,919,077$3,673,388
64$4,150,039$3,225,224$2,988,077$3,924,325
65$4,543,647$3,353,564$3,058,481$4,196,828
66$4,976,467$3,487,257$3,130,308$4,492,960
67$5,452,470$3,626,536$3,203,577$4,814,987
68$5,976,030$3,771,644$3,278,305$5,165,403
69$6,551,967$3,922,836$3,354,509$5,546,948
70$7,185,590$4,080,378$3,432,208$5,962,640
71$7,882,750$4,244,546$3,511,417$6,415,794
72$8,649,894$4,415,632$3,592,153$6,910,061
73$9,494,124$4,593,939$3,674,431$7,449,457
74$10,423,267$4,779,784$3,758,266$8,038,399
75$11,445,946$4,973,500$3,843,674$8,681,750
76$12,571,662$5,175,431$3,930,667$9,384,860
77$13,810,886$5,385,941$4,019,259$10,153,620
78$15,175,154$5,605,410$4,109,461$10,994,512
79$16,677,176$5,834,232$4,201,285$11,914,669
80$18,330,961$6,072,822$4,294,741$12,921,949
81$20,151,943$6,321,614$4,389,838$14,024,996
82$22,157,128$6,581,060$4,486,585$15,233,331
83$24,365,258$6,851,634$4,584,988$16,557,436
84$26,796,981$7,133,832$4,685,052$18,008,852
85$29,475,055$7,428,171$4,786,783$19,600,285
86$32,424,552$7,735,193$4,890,182$21,345,729
87$35,673,104$8,055,465$4,995,250$23,260,592
88$39,251,157$8,389,579$5,101,988$25,361,844
89$43,192,263$8,738,157$5,210,393$27,668,172
90$47,533,393$9,101,845$5,320,459$30,200,159
91$52,315,286$9,481,323$5,432,182$32,980,470
92$57,582,838$9,877,300$5,545,553$36,034,073
93$63,385,519$10,290,519$5,660,560$39,388,465
94$69,777,843$10,721,757$5,777,191$43,073,934
95$76,819,886$11,171,825$5,895,430$47,123,842
96$84,577,845$11,641,576$6,015,257$51,574,938
97$93,124,670$12,131,897$6,136,653$56,467,701
98$102,540,747$12,643,721$6,259,591$61,846,723
99$112,914,660$13,178,020$6,384,045$67,761,126
100$124,344,028$13,735,816$6,509,983$74,265,021