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%11.1%
1 years$217,183$215,248$213,361$211,519$209,720$208,748
2 years$107,516$105,514$103,573$101,692$99,867$98,886
3 years$70,966$68,955$67,019$65,155$63,359$62,400
4 years$52,694$50,689$48,773$46,940$45,189$44,258
5 years$41,734$39,741$37,849$36,055$34,352$33,452
6 years$34,429$32,451$30,588$28,833$27,181$26,314
7 years$29,214$27,253$25,419$23,705$22,106$21,272
8 years$25,304$23,360$21,557$19,886$18,339$17,538
9 years$22,265$20,339$18,567$16,938$15,444$14,676
10 years$19,835$17,928$16,187$14,601$13,159$12,423
11 years$17,848$15,960$14,251$12,707$11,317$10,614
12 years$16,193$14,325$12,647$11,146$9,807$9,135
13 years$14,794$12,946$11,300$9,840$8,552$7,911
14 years$13,596$11,767$10,153$8,735$7,497$6,886
15 years$12,559$10,750$9,167$7,790$6,601$6,019
16 years$11,652$9,863$8,311$6,975$5,834$5,281
17 years$10,853$9,083$7,563$6,267$5,173$4,647
18 years$10,143$8,393$6,904$5,648$4,599$4,101
19 years$9,509$7,779$6,320$5,103$4,099$3,627
20 years$8,939$7,228$5,800$4,622$3,662$3,214
21 years$8,423$6,733$5,335$4,195$3,277$2,854
22 years$7,956$6,285$4,917$3,814$2,937$2,537
23 years$7,529$5,878$4,540$3,474$2,637$2,259
24 years$7,139$5,508$4,199$3,168$2,370$2,014
25 years$6,781$5,169$3,889$2,893$2,132$1,797
26 years$6,450$4,858$3,607$2,645$1,921$1,605
27 years$6,145$4,572$3,349$2,421$1,732$1,435
28 years$5,862$4,308$3,113$2,219$1,563$1,283
29 years$5,599$4,064$2,897$2,035$1,411$1,149
30 years$5,354$3,838$2,699$1,867$1,275$1,029
31 years$5,125$3,628$2,516$1,715$1,153$922
32 years$4,911$3,433$2,347$1,576$1,043$827
33 years$4,710$3,251$2,192$1,449$944$741
34 years$4,521$3,081$2,048$1,333$854$665
35 years$4,344$2,922$1,915$1,227$774$597
36 years$4,177$2,774$1,791$1,130$701$536
37 years$4,019$2,635$1,676$1,042$635$481
38 years$3,870$2,504$1,570$960$576$432
39 years$3,729$2,381$1,471$885$522$388
40 years$3,596$2,265$1,379$816$474$349
41 years$3,469$2,156$1,293$753$430$314
42 years$3,348$2,054$1,213$695$390$282
43 years$3,234$1,957$1,138$642$354$253
44 years$3,125$1,865$1,068$593$321$228
45 years$3,021$1,778$1,003$547$292$205
46 years$2,922$1,697$942$506$265$184
47 years$2,827$1,619$885$467$241$166
48 years$2,737$1,546$832$432$218$149
49 years$2,650$1,476$782$399$198$134
50 years$2,568$1,410$735$369$180$121

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 $4,396 every year, while hoping to spend $26,257 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: 25/49/26 Blend
59$2,630,000$2,630,000$2,630,000$2,630,000
60$2,902,794$2,763,404$2,722,639$2,951,474
61$3,170,942$2,870,874$2,785,911$3,099,481
62$3,465,561$2,982,730$2,850,421$3,255,529
63$3,789,323$3,099,158$2,916,185$3,422,296
64$4,145,173$3,220,356$2,983,216$3,600,695
65$4,536,353$3,346,526$3,051,527$3,791,730
66$4,966,438$3,477,882$3,121,130$3,996,498
67$5,439,364$3,614,648$3,192,036$4,216,201
68$5,959,468$3,757,054$3,264,259$4,452,157
69$6,531,529$3,905,345$3,337,807$4,705,809
70$7,160,812$4,059,775$3,412,691$4,978,743
71$7,853,120$4,220,608$3,488,920$5,272,695
72$8,614,842$4,388,122$3,566,503$5,589,571
73$9,453,023$4,562,607$3,645,448$5,931,461
74$10,375,420$4,744,364$3,725,760$6,300,662
75$11,390,586$4,933,711$3,807,446$6,699,693
76$12,507,940$5,130,977$3,890,509$7,131,319
77$13,737,863$5,336,507$3,974,954$7,598,581
78$15,091,792$5,550,664$4,060,782$8,104,814
79$16,582,331$5,773,822$4,147,995$8,653,685
80$18,223,367$6,006,378$4,236,591$9,249,223
81$20,030,203$6,248,743$4,326,569$9,895,854
82$22,019,699$6,501,347$4,417,925$10,598,445
83$24,210,437$6,764,641$4,510,653$11,362,344
84$26,622,888$7,039,095$4,604,747$12,193,432
85$29,279,613$7,325,201$4,700,197$13,098,174
86$32,205,472$7,623,474$4,796,992$14,083,681
87$35,427,858$7,934,452$4,895,118$15,157,773
88$38,976,956$8,258,697$4,994,561$16,329,050
89$42,886,028$8,596,796$5,095,302$17,606,975
90$47,191,730$8,949,366$5,197,321$19,001,955
91$51,934,449$9,317,047$5,300,594$20,525,443
92$57,158,694$9,700,514$5,405,096$22,190,039
93$62,913,511$10,100,469$5,510,797$24,009,609
94$69,252,945$10,517,648$5,617,664$25,999,411
95$76,236,552$10,952,820$5,725,663$28,176,241
96$83,929,961$11,406,789$5,834,753$30,558,580
97$92,405,492$11,880,396$5,944,892$33,166,775
98$101,742,840$12,374,523$6,056,033$36,023,222
99$112,029,824$12,890,090$6,168,126$39,152,574
100$123,363,222$13,428,059$6,281,113$42,581,974