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%13.2%
1 years$217,183$215,248$213,361$211,519$209,720$206,928
2 years$107,516$105,514$103,573$101,692$99,867$97,058
3 years$70,966$68,955$67,019$65,155$63,359$60,622
4 years$52,694$50,689$48,773$46,940$45,189$42,543
5 years$41,734$39,741$37,849$36,055$34,352$31,805
6 years$34,429$32,451$30,588$28,833$27,181$24,738
7 years$29,214$27,253$25,419$23,705$22,106$19,766
8 years$25,304$23,360$21,557$19,886$18,339$16,102
9 years$22,265$20,339$18,567$16,938$15,444$13,310
10 years$19,835$17,928$16,187$14,601$13,159$11,125
11 years$17,848$15,960$14,251$12,707$11,317$9,383
12 years$16,193$14,325$12,647$11,146$9,807$7,969
13 years$14,794$12,946$11,300$9,840$8,552$6,808
14 years$13,596$11,767$10,153$8,735$7,497$5,845
15 years$12,559$10,750$9,167$7,790$6,601$5,037
16 years$11,652$9,863$8,311$6,975$5,834$4,356
17 years$10,853$9,083$7,563$6,267$5,173$3,778
18 years$10,143$8,393$6,904$5,648$4,599$3,285
19 years$9,509$7,779$6,320$5,103$4,099$2,861
20 years$8,939$7,228$5,800$4,622$3,662$2,497
21 years$8,423$6,733$5,335$4,195$3,277$2,183
22 years$7,956$6,285$4,917$3,814$2,937$1,910
23 years$7,529$5,878$4,540$3,474$2,637$1,674
24 years$7,139$5,508$4,199$3,168$2,370$1,468
25 years$6,781$5,169$3,889$2,893$2,132$1,289
26 years$6,450$4,858$3,607$2,645$1,921$1,132
27 years$6,145$4,572$3,349$2,421$1,732$996
28 years$5,862$4,308$3,113$2,219$1,563$876
29 years$5,599$4,064$2,897$2,035$1,411$771
30 years$5,354$3,838$2,699$1,867$1,275$679
31 years$5,125$3,628$2,516$1,715$1,153$598
32 years$4,911$3,433$2,347$1,576$1,043$527
33 years$4,710$3,251$2,192$1,449$944$464
34 years$4,521$3,081$2,048$1,333$854$409
35 years$4,344$2,922$1,915$1,227$774$361
36 years$4,177$2,774$1,791$1,130$701$318
37 years$4,019$2,635$1,676$1,042$635$281
38 years$3,870$2,504$1,570$960$576$248
39 years$3,729$2,381$1,471$885$522$219
40 years$3,596$2,265$1,379$816$474$193
41 years$3,469$2,156$1,293$753$430$170
42 years$3,348$2,054$1,213$695$390$150
43 years$3,234$1,957$1,138$642$354$133
44 years$3,125$1,865$1,068$593$321$117
45 years$3,021$1,778$1,003$547$292$104
46 years$2,922$1,697$942$506$265$91
47 years$2,827$1,619$885$467$241$81
48 years$2,737$1,546$832$432$218$71
49 years$2,650$1,476$782$399$198$63
50 years$2,568$1,410$735$369$180$56

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 $2,224 every year, while hoping to spend $45,003 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: 59/33/8 Blend
59$2,630,000$2,630,000$2,630,000$2,630,000
60$2,900,554$2,761,164$2,720,399$3,066,456
61$3,148,528$2,848,578$2,763,650$3,265,485
62$3,420,286$2,938,767$2,806,841$3,477,088
63$3,718,209$3,031,820$2,849,923$3,706,688
64$4,044,914$3,127,827$2,892,843$3,956,016
65$4,403,288$3,226,884$2,935,547$4,226,975
66$4,796,509$3,329,086$2,977,973$4,521,662
67$5,228,077$3,434,536$3,020,059$4,842,381
68$5,701,848$3,543,335$3,061,738$5,191,670
69$6,222,069$3,655,592$3,102,939$5,572,322
70$6,793,421$3,771,416$3,143,588$5,987,412
71$7,421,056$3,890,921$3,183,604$6,440,323
72$8,110,653$4,014,226$3,222,904$6,934,781
73$8,868,467$4,141,451$3,261,399$7,474,889
74$9,701,390$4,272,721$3,298,996$8,065,162
75$10,617,014$4,408,167$3,335,594$8,710,574
76$11,623,703$4,547,921$3,371,091$9,416,601
77$12,730,673$4,692,121$3,405,374$10,189,272
78$13,948,076$4,840,909$3,438,329$11,035,230
79$15,287,099$4,994,433$3,469,832$11,961,788
80$16,760,067$5,152,843$3,499,754$12,977,001
81$18,380,558$5,316,297$3,527,960$14,089,742
82$20,163,534$5,484,955$3,554,307$15,309,782
83$22,125,481$5,658,985$3,578,643$16,647,885
84$24,284,563$5,838,557$3,600,810$18,115,908
85$26,660,793$6,023,851$3,620,641$19,726,911
86$29,276,223$6,215,049$3,637,962$21,495,282
87$32,155,152$6,412,341$3,652,588$23,436,868
88$35,324,353$6,615,921$3,664,326$25,569,131
89$38,813,329$6,825,993$3,672,972$27,911,304
90$42,654,585$7,042,764$3,678,313$30,484,577
91$46,883,942$7,266,448$3,680,126$33,312,296
92$51,540,869$7,497,269$3,678,175$36,420,181
93$56,668,858$7,735,455$3,672,214$39,836,569
94$62,315,832$7,981,244$3,661,984$43,592,679
95$68,534,601$8,234,878$3,647,214$47,722,908
96$75,383,354$8,496,611$3,627,620$52,265,157
97$82,926,214$8,766,703$3,602,903$57,261,181
98$91,233,839$9,045,422$3,572,752$62,756,988
99$100,384,090$9,333,048$3,536,838$68,803,272
100$110,462,766$9,629,865$3,494,821$75,455,888