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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$218,835$216,885$214,983$213,127$211,315$205,208
2 years$108,334$106,316$104,361$102,465$100,626$94,522
3 years$71,505$69,479$67,528$65,650$63,841$57,932
4 years$53,094$51,074$49,143$47,297$45,532$39,862
5 years$42,051$40,043$38,137$36,329$34,613$29,198
6 years$34,691$32,698$30,821$29,053$27,388$22,233
7 years$29,436$27,460$25,612$23,886$22,274$17,378
8 years$25,496$23,538$21,721$20,037$18,478$13,840
9 years$22,434$20,494$18,708$17,067$15,561$11,175
10 years$19,985$18,065$16,310$14,712$13,259$9,119
11 years$17,983$16,082$14,359$12,804$11,403$7,503
12 years$16,316$14,434$12,744$11,231$9,882$6,213
13 years$14,907$13,044$11,386$9,915$8,617$5,172
14 years$13,699$11,857$10,230$8,801$7,554$4,324
15 years$12,654$10,831$9,236$7,849$6,651$3,627
16 years$11,740$9,938$8,374$7,028$5,878$3,051
17 years$10,935$9,152$7,620$6,315$5,212$2,573
18 years$10,220$8,457$6,956$5,691$4,634$2,174
19 years$9,581$7,838$6,368$5,142$4,131$1,840
20 years$9,007$7,283$5,844$4,657$3,689$1,559
21 years$8,487$6,784$5,376$4,227$3,302$1,323
22 years$8,016$6,333$4,954$3,843$2,959$1,124
23 years$7,587$5,923$4,575$3,500$2,657$955
24 years$7,193$5,549$4,231$3,192$2,388$812
25 years$6,832$5,208$3,918$2,915$2,149$691
26 years$6,499$4,895$3,634$2,666$1,935$589
27 years$6,192$4,606$3,375$2,440$1,745$502
28 years$5,906$4,341$3,137$2,235$1,575$427
29 years$5,641$4,095$2,919$2,050$1,422$364
30 years$5,394$3,867$2,719$1,881$1,285$311
31 years$5,164$3,656$2,535$1,728$1,161$265
32 years$4,948$3,459$2,365$1,588$1,051$226
33 years$4,746$3,276$2,209$1,460$951$193
34 years$4,556$3,105$2,064$1,344$861$165
35 years$4,377$2,945$1,929$1,237$780$140
36 years$4,209$2,795$1,805$1,139$706$120
37 years$4,050$2,655$1,689$1,050$640$102
38 years$3,900$2,523$1,582$967$580$87
39 years$3,758$2,399$1,482$892$526$75
40 years$3,623$2,282$1,389$823$477$64
41 years$3,495$2,173$1,303$759$433$54
42 years$3,374$2,069$1,222$701$393$46
43 years$3,258$1,971$1,147$647$357$40
44 years$3,149$1,879$1,076$597$324$34
45 years$3,044$1,792$1,011$551$294$29
46 years$2,944$1,710$949$509$267$25
47 years$2,849$1,631$892$471$242$21
48 years$2,758$1,557$838$435$220$18
49 years$2,671$1,487$788$402$200$15
50 years$2,587$1,421$740$371$182$13

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 $6,811 every year, while hoping to spend $56,906 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: 79/14/7 Blend
59$2,650,000$2,650,000$2,650,000$2,650,000
60$2,927,326$2,786,876$2,745,801$3,155,766
61$3,165,365$2,862,885$2,777,237$3,382,502
62$3,425,778$2,940,711$2,807,820$3,623,026
63$3,710,785$3,020,384$2,837,460$3,885,169
64$4,022,834$3,101,932$2,866,063$4,171,060
65$4,364,618$3,185,382$2,893,532$4,483,041
66$4,739,105$3,270,762$2,919,761$4,823,692
67$5,149,563$3,358,098$2,944,642$5,195,855
68$5,599,590$3,447,416$2,968,060$5,602,657
69$6,093,150$3,538,742$2,989,892$6,047,545
70$6,634,609$3,632,098$3,010,011$6,534,314
71$7,228,776$3,727,507$3,028,282$7,067,143
72$7,880,947$3,824,991$3,044,565$7,650,638
73$8,596,956$3,924,568$3,058,711$8,289,870
74$9,383,231$4,026,258$3,070,564$8,990,425
75$10,246,852$4,130,076$3,079,959$9,758,459
76$11,195,618$4,236,036$3,086,725$10,600,751
77$12,238,121$4,344,152$3,090,680$11,524,770
78$13,383,827$4,454,433$3,091,636$12,538,745
79$14,643,164$4,566,887$3,089,392$13,651,741
80$16,027,619$4,681,517$3,083,739$14,873,745
81$17,549,851$4,798,326$3,074,459$16,215,762
82$19,223,805$4,917,312$3,061,322$17,689,915
83$21,064,843$5,038,471$3,044,087$19,309,561
84$23,089,894$5,161,793$3,022,500$21,089,418
85$25,317,608$5,287,266$2,996,299$23,045,702
86$27,768,534$5,414,871$2,965,205$25,196,280
87$30,465,312$5,544,589$2,928,927$27,560,839
88$33,432,891$5,676,390$2,887,163$30,161,072
89$36,698,756$5,810,244$2,839,594$33,020,881
90$40,293,195$5,946,111$2,785,885$36,166,603
91$44,249,578$6,083,947$2,725,689$39,627,260
92$48,604,675$6,223,702$2,658,641$43,434,829
93$53,399,005$6,365,316$2,584,358$47,624,548
94$58,677,211$6,508,723$2,502,441$52,235,245
95$64,488,486$6,653,851$2,412,473$57,309,706
96$70,887,037$6,800,614$2,314,016$62,895,078
97$77,932,592$6,948,922$2,206,613$69,043,316
98$85,690,970$7,098,672$2,089,787$75,811,667
99$94,234,693$7,249,752$1,963,040$83,263,219
100$103,643,678$7,402,036$1,825,848$91,467,489