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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$217,183$215,248$213,361$211,519$209,720$205,738
2 years$107,516$105,514$103,573$101,692$99,867$95,870
3 years$70,966$68,955$67,019$65,155$63,359$59,474
4 years$52,694$50,689$48,773$46,940$45,189$41,443
5 years$41,734$39,741$37,849$36,055$34,352$30,757
6 years$34,429$32,451$30,588$28,833$27,181$23,741
7 years$29,214$27,253$25,419$23,705$22,106$18,822
8 years$25,304$23,360$21,557$19,886$18,339$15,210
9 years$22,265$20,339$18,567$16,938$15,444$12,468
10 years$19,835$17,928$16,187$14,601$13,159$10,333
11 years$17,848$15,960$14,251$12,707$11,317$8,638
12 years$16,193$14,325$12,647$11,146$9,807$7,271
13 years$14,794$12,946$11,300$9,840$8,552$6,155
14 years$13,596$11,767$10,153$8,735$7,497$5,234
15 years$12,559$10,750$9,167$7,790$6,601$4,468
16 years$11,652$9,863$8,311$6,975$5,834$3,826
17 years$10,853$9,083$7,563$6,267$5,173$3,286
18 years$10,143$8,393$6,904$5,648$4,599$2,828
19 years$9,509$7,779$6,320$5,103$4,099$2,438
20 years$8,939$7,228$5,800$4,622$3,662$2,106
21 years$8,423$6,733$5,335$4,195$3,277$1,821
22 years$7,956$6,285$4,917$3,814$2,937$1,577
23 years$7,529$5,878$4,540$3,474$2,637$1,367
24 years$7,139$5,508$4,199$3,168$2,370$1,186
25 years$6,781$5,169$3,889$2,893$2,132$1,030
26 years$6,450$4,858$3,607$2,645$1,921$895
27 years$6,145$4,572$3,349$2,421$1,732$778
28 years$5,862$4,308$3,113$2,219$1,563$676
29 years$5,599$4,064$2,897$2,035$1,411$588
30 years$5,354$3,838$2,699$1,867$1,275$512
31 years$5,125$3,628$2,516$1,715$1,153$446
32 years$4,911$3,433$2,347$1,576$1,043$388
33 years$4,710$3,251$2,192$1,449$944$338
34 years$4,521$3,081$2,048$1,333$854$295
35 years$4,344$2,922$1,915$1,227$774$257
36 years$4,177$2,774$1,791$1,130$701$224
37 years$4,019$2,635$1,676$1,042$635$195
38 years$3,870$2,504$1,570$960$576$170
39 years$3,729$2,381$1,471$885$522$148
40 years$3,596$2,265$1,379$816$474$129
41 years$3,469$2,156$1,293$753$430$113
42 years$3,348$2,054$1,213$695$390$98
43 years$3,234$1,957$1,138$642$354$86
44 years$3,125$1,865$1,068$593$321$75
45 years$3,021$1,778$1,003$547$292$65
46 years$2,922$1,697$942$506$265$57
47 years$2,827$1,619$885$467$241$50
48 years$2,737$1,546$832$432$218$43
49 years$2,650$1,476$782$399$198$38
50 years$2,568$1,410$735$369$180$33

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 $6,765 every year, while hoping to spend $44,448 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: 57/23/20 Blend
59$2,630,000$2,630,000$2,630,000$2,630,000
60$2,905,238$2,765,848$2,725,083$3,054,956
61$3,154,280$2,854,082$2,769,081$3,245,902
62$3,427,235$2,945,150$2,813,063$3,448,533
63$3,726,494$3,039,144$2,856,982$3,668,382
64$4,054,693$3,136,158$2,900,787$3,907,119
65$4,414,732$3,236,291$2,944,425$4,166,578
66$4,809,810$3,339,645$2,987,838$4,448,779
67$5,243,446$3,446,322$3,030,966$4,755,949
68$5,719,518$3,556,433$3,073,744$5,090,534
69$6,242,299$3,670,088$3,116,105$5,455,232
70$6,816,494$3,787,403$3,157,975$5,853,011
71$7,447,288$3,908,498$3,199,278$6,287,142
72$8,140,392$4,033,494$3,239,934$6,761,224
73$8,902,096$4,162,520$3,279,857$7,279,223
74$9,739,333$4,295,706$3,318,955$7,845,505
75$10,659,739$4,433,190$3,357,134$8,464,880
76$11,671,726$4,575,110$3,394,292$9,142,647
77$12,784,564$4,721,613$3,430,323$9,884,640
78$14,008,465$4,872,847$3,465,114$10,697,286
79$15,354,680$5,028,967$3,498,546$11,587,667
80$16,835,605$5,190,134$3,530,495$12,563,582
81$18,464,899$5,356,513$3,560,829$13,633,624
82$20,257,610$5,528,275$3,589,409$14,807,257
83$22,230,322$5,705,595$3,616,089$16,094,910
84$24,401,302$5,888,657$3,640,716$17,508,072
85$26,790,682$6,077,648$3,663,127$19,059,399
86$29,420,644$6,272,765$3,683,153$20,762,836
87$32,315,626$6,474,207$3,700,616$22,633,748
88$35,502,560$6,682,183$3,715,327$24,689,062
89$39,011,120$6,896,909$3,727,089$26,947,429
90$42,874,003$7,118,606$3,735,695$29,429,398
91$47,127,238$7,347,504$3,740,927$32,157,612
92$51,810,525$7,583,842$3,742,558$35,157,018
93$56,967,612$7,827,863$3,740,346$38,455,104
94$62,646,702$8,079,822$3,734,042$42,082,161
95$68,900,915$8,339,982$3,723,381$46,071,563
96$75,788,780$8,608,614$3,708,087$50,460,084
97$83,374,797$8,885,997$3,687,869$55,288,245
98$91,730,038$9,172,423$3,662,424$60,600,699
99$100,932,821$9,468,190$3,631,434$66,446,646
100$111,069,446$9,773,609$3,594,565$72,880,302