Can I retire at age 60 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$218,835$216,885$214,983$213,127$211,315$204,714
2 years$108,334$106,316$104,361$102,465$100,626$94,035
3 years$71,505$69,479$67,528$65,650$63,841$57,466
4 years$53,094$51,074$49,143$47,297$45,532$39,422
5 years$42,051$40,043$38,137$36,329$34,613$28,784
6 years$34,691$32,698$30,821$29,053$27,388$21,846
7 years$29,436$27,460$25,612$23,886$22,274$17,018
8 years$25,496$23,538$21,721$20,037$18,478$13,505
9 years$22,434$20,494$18,708$17,067$15,561$10,865
10 years$19,985$18,065$16,310$14,712$13,259$8,833
11 years$17,983$16,082$14,359$12,804$11,403$7,239
12 years$16,316$14,434$12,744$11,231$9,882$5,971
13 years$14,907$13,044$11,386$9,915$8,617$4,950
14 years$13,699$11,857$10,230$8,801$7,554$4,121
15 years$12,654$10,831$9,236$7,849$6,651$3,443
16 years$11,740$9,938$8,374$7,028$5,878$2,884
17 years$10,935$9,152$7,620$6,315$5,212$2,421
18 years$10,220$8,457$6,956$5,691$4,634$2,037
19 years$9,581$7,838$6,368$5,142$4,131$1,716
20 years$9,007$7,283$5,844$4,657$3,689$1,447
21 years$8,487$6,784$5,376$4,227$3,302$1,222
22 years$8,016$6,333$4,954$3,843$2,959$1,033
23 years$7,587$5,923$4,575$3,500$2,657$874
24 years$7,193$5,549$4,231$3,192$2,388$740
25 years$6,832$5,208$3,918$2,915$2,149$627
26 years$6,499$4,895$3,634$2,666$1,935$531
27 years$6,192$4,606$3,375$2,440$1,745$450
28 years$5,906$4,341$3,137$2,235$1,575$382
29 years$5,641$4,095$2,919$2,050$1,422$324
30 years$5,394$3,867$2,719$1,881$1,285$275
31 years$5,164$3,656$2,535$1,728$1,161$233
32 years$4,948$3,459$2,365$1,588$1,051$198
33 years$4,746$3,276$2,209$1,460$951$168
34 years$4,556$3,105$2,064$1,344$861$143
35 years$4,377$2,945$1,929$1,237$780$121
36 years$4,209$2,795$1,805$1,139$706$103
37 years$4,050$2,655$1,689$1,050$640$87
38 years$3,900$2,523$1,582$967$580$74
39 years$3,758$2,399$1,482$892$526$63
40 years$3,623$2,282$1,389$823$477$54
41 years$3,495$2,173$1,303$759$433$45
42 years$3,374$2,069$1,222$701$393$39
43 years$3,258$1,971$1,147$647$357$33
44 years$3,149$1,879$1,076$597$324$28
45 years$3,044$1,792$1,011$551$294$24
46 years$2,944$1,710$949$509$267$20
47 years$2,849$1,631$892$471$242$17
48 years$2,758$1,557$838$435$220$15
49 years$2,671$1,487$788$402$200$12
50 years$2,587$1,421$740$371$182$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,650,000, adding $5,733 every year, while hoping to spend $27,142 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: 27/44/29 Blend
59$2,650,000$2,650,000$2,650,000$2,650,000
60$2,926,214$2,785,764$2,744,689$2,978,739
61$3,195,808$2,893,387$2,807,757$3,129,578
62$3,491,992$3,005,375$2,872,028$3,288,710
63$3,817,449$3,121,911$2,937,514$3,459,017
64$4,175,134$3,243,190$3,004,226$3,641,472
65$4,568,304$3,369,413$3,072,174$3,837,139
66$5,000,548$3,500,791$3,141,369$4,047,187
67$5,475,819$3,637,545$3,211,820$4,272,897
68$5,998,471$3,779,903$3,283,535$4,515,672
69$6,573,304$3,928,107$3,356,522$4,777,055
70$7,205,604$4,082,407$3,430,788$5,058,735
71$7,901,196$4,243,066$3,506,340$5,362,570
72$8,666,498$4,410,356$3,583,182$5,690,596
73$9,508,581$4,584,563$3,661,319$6,045,051
74$10,435,236$4,765,987$3,740,754$6,428,391
75$11,455,049$4,954,940$3,821,488$6,843,317
76$12,577,479$5,151,747$3,903,522$7,292,792
77$13,812,948$5,356,748$3,986,857$7,780,076
78$15,172,941$5,570,301$4,071,488$8,308,749
79$16,670,112$5,792,777$4,157,414$8,882,747
80$18,318,404$6,024,564$4,244,628$9,506,396
81$20,133,182$6,266,068$4,333,125$10,184,454
82$22,131,377$6,517,715$4,422,894$10,922,152
83$24,331,642$6,779,948$4,513,926$11,725,241
84$26,754,535$7,053,231$4,606,207$12,600,049
85$29,422,706$7,338,048$4,699,724$13,553,534
86$32,361,115$7,634,906$4,794,458$14,593,353
87$35,597,268$7,944,335$4,890,391$15,727,926
88$39,161,470$8,266,888$4,987,500$16,966,521
89$43,087,119$8,603,145$5,085,761$18,319,336
90$47,411,017$8,953,711$5,185,145$19,797,590
91$52,173,716$9,319,218$5,285,623$21,413,633
92$57,419,904$9,700,328$5,387,160$23,181,057
93$63,198,824$10,097,734$5,489,720$25,114,822
94$69,564,739$10,512,158$5,593,261$27,231,395
95$76,577,446$10,944,358$5,697,739$29,548,904
96$84,302,838$11,395,124$5,803,106$32,087,307
97$92,813,527$11,865,284$5,909,309$34,868,573
98$102,189,528$12,355,704$6,016,291$37,916,894
99$112,519,014$12,867,288$6,123,992$41,258,905
100$123,899,153$13,400,984$6,232,345$44,923,933