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%16.6%
1 years$218,835$216,885$214,983$213,127$211,315$205,623
2 years$108,334$106,316$104,361$102,465$100,626$94,932
3 years$71,505$69,479$67,528$65,650$63,841$58,323
4 years$53,094$51,074$49,143$47,297$45,532$40,233
5 years$42,051$40,043$38,137$36,329$34,613$29,547
6 years$34,691$32,698$30,821$29,053$27,388$22,560
7 years$29,436$27,460$25,612$23,886$22,274$17,684
8 years$25,496$23,538$21,721$20,037$18,478$14,125
9 years$22,434$20,494$18,708$17,067$15,561$11,440
10 years$19,985$18,065$16,310$14,712$13,259$9,364
11 years$17,983$16,082$14,359$12,804$11,403$7,729
12 years$16,316$14,434$12,744$11,231$9,882$6,422
13 years$14,907$13,044$11,386$9,915$8,617$5,364
14 years$13,699$11,857$10,230$8,801$7,554$4,500
15 years$12,654$10,831$9,236$7,849$6,651$3,788
16 years$11,740$9,938$8,374$7,028$5,878$3,198
17 years$10,935$9,152$7,620$6,315$5,212$2,707
18 years$10,220$8,457$6,956$5,691$4,634$2,295
19 years$9,581$7,838$6,368$5,142$4,131$1,950
20 years$9,007$7,283$5,844$4,657$3,689$1,659
21 years$8,487$6,784$5,376$4,227$3,302$1,413
22 years$8,016$6,333$4,954$3,843$2,959$1,205
23 years$7,587$5,923$4,575$3,500$2,657$1,028
24 years$7,193$5,549$4,231$3,192$2,388$878
25 years$6,832$5,208$3,918$2,915$2,149$750
26 years$6,499$4,895$3,634$2,666$1,935$641
27 years$6,192$4,606$3,375$2,440$1,745$549
28 years$5,906$4,341$3,137$2,235$1,575$469
29 years$5,641$4,095$2,919$2,050$1,422$402
30 years$5,394$3,867$2,719$1,881$1,285$344
31 years$5,164$3,656$2,535$1,728$1,161$295
32 years$4,948$3,459$2,365$1,588$1,051$252
33 years$4,746$3,276$2,209$1,460$951$216
34 years$4,556$3,105$2,064$1,344$861$185
35 years$4,377$2,945$1,929$1,237$780$159
36 years$4,209$2,795$1,805$1,139$706$136
37 years$4,050$2,655$1,689$1,050$640$117
38 years$3,900$2,523$1,582$967$580$100
39 years$3,758$2,399$1,482$892$526$86
40 years$3,623$2,282$1,389$823$477$73
41 years$3,495$2,173$1,303$759$433$63
42 years$3,374$2,069$1,222$701$393$54
43 years$3,258$1,971$1,147$647$357$46
44 years$3,149$1,879$1,076$597$324$40
45 years$3,044$1,792$1,011$551$294$34
46 years$2,944$1,710$949$509$267$29
47 years$2,849$1,631$892$471$242$25
48 years$2,758$1,557$838$435$220$21
49 years$2,671$1,487$788$402$200$18
50 years$2,587$1,421$740$371$182$16

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 $5,846 every year, while hoping to spend $57,886 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: 58/36/6 Blend
59$2,650,000$2,650,000$2,650,000$2,650,000
60$2,926,330$2,785,880$2,744,805$3,092,183
61$3,163,226$2,860,798$2,775,166$3,279,101
62$3,422,344$2,937,447$2,804,604$3,475,643
63$3,705,892$3,015,850$2,833,026$3,688,404
64$4,016,297$3,096,031$2,860,337$3,918,938
65$4,356,234$3,178,011$2,886,433$4,168,958
66$4,728,649$3,261,813$2,911,207$4,440,346
67$5,136,784$3,347,454$2,934,546$4,735,177
68$5,584,212$3,434,956$2,956,329$5,055,735
69$6,074,867$3,524,334$2,976,432$5,404,531
70$6,613,083$3,615,606$2,994,722$5,784,335
71$7,203,632$3,708,785$3,011,059$6,198,194
72$7,851,771$3,803,885$3,025,299$6,649,463
73$8,563,292$3,900,915$3,037,286$7,141,840
74$9,344,573$3,999,885$3,046,861$7,679,394
75$10,202,641$4,100,801$3,053,852$8,266,609
76$11,145,238$4,203,667$3,058,083$8,908,424
77$12,180,889$4,308,485$3,059,366$9,610,277
78$13,318,991$4,415,251$3,057,506$10,378,161
79$14,569,892$4,523,962$3,052,296$11,218,677
80$15,944,994$4,634,610$3,043,521$12,139,095
81$17,456,859$4,747,182$3,030,955$13,147,427
82$19,119,328$4,861,662$3,014,361$14,252,498
83$20,947,646$4,978,031$2,993,489$15,464,031
84$22,958,615$5,096,263$2,968,080$16,792,738
85$25,170,744$5,216,330$2,937,860$18,250,422
86$27,604,425$5,338,195$2,902,544$19,850,087
87$30,282,130$5,461,820$2,861,833$21,606,062
88$33,228,614$5,587,157$2,815,412$23,534,133
89$36,471,159$5,714,153$2,762,954$25,651,697
90$40,039,819$5,842,749$2,704,115$27,977,920
91$43,967,714$5,972,877$2,638,536$30,533,924
92$48,291,334$6,104,462$2,565,840$33,342,981
93$53,050,890$6,237,420$2,485,636$36,430,735
94$58,290,686$6,371,659$2,397,510$39,825,446
95$64,059,543$6,507,077$2,301,033$43,558,250
96$70,411,254$6,643,561$2,195,756$47,663,462
97$77,405,095$6,780,989$2,081,207$52,178,894
98$85,106,383$6,919,225$1,956,895$57,146,211
99$93,587,090$7,058,123$1,822,307$62,611,329
100$102,926,524$7,197,523$1,676,905$68,624,845