Can I retire at age 60 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$219,660$217,704$215,795$213,932$212,112$207,914
2 years$108,743$106,717$104,755$102,852$101,006$96,794
3 years$71,775$69,741$67,783$65,898$64,082$59,989
4 years$53,295$51,267$49,329$47,476$45,704$41,759
5 years$42,210$40,194$38,281$36,466$34,743$30,959
6 years$34,822$32,821$30,937$29,162$27,491$23,872
7 years$29,547$27,563$25,709$23,976$22,358$18,904
8 years$25,593$23,627$21,803$20,113$18,548$15,258
9 years$22,519$20,571$18,779$17,132$15,620$12,492
10 years$20,061$18,133$16,372$14,768$13,309$10,341
11 years$18,051$16,143$14,414$12,852$11,446$8,634
12 years$16,378$14,489$12,792$11,273$9,919$7,258
13 years$14,963$13,094$11,429$9,952$8,650$6,136
14 years$13,751$11,902$10,269$8,835$7,582$5,211
15 years$12,702$10,872$9,271$7,879$6,676$4,442
16 years$11,785$9,975$8,406$7,055$5,900$3,799
17 years$10,976$9,187$7,649$6,339$5,232$3,257
18 years$10,259$8,489$6,982$5,712$4,652$2,799
19 years$9,617$7,868$6,392$5,162$4,146$2,410
20 years$9,040$7,311$5,866$4,675$3,703$2,078
21 years$8,519$6,810$5,396$4,243$3,314$1,795
22 years$8,046$6,357$4,973$3,858$2,971$1,552
23 years$7,615$5,945$4,592$3,513$2,667$1,343
24 years$7,220$5,570$4,247$3,204$2,397$1,163
25 years$6,858$5,227$3,933$2,926$2,157$1,008
26 years$6,524$4,913$3,648$2,676$1,943$875
27 years$6,215$4,624$3,387$2,449$1,752$759
28 years$5,929$4,357$3,149$2,244$1,580$659
29 years$5,662$4,110$2,930$2,058$1,427$573
30 years$5,415$3,882$2,730$1,888$1,289$498
31 years$5,183$3,669$2,545$1,734$1,166$433
32 years$4,967$3,472$2,374$1,594$1,055$376
33 years$4,764$3,288$2,217$1,466$954$327
34 years$4,573$3,116$2,071$1,349$864$285
35 years$4,394$2,956$1,937$1,242$783$248
36 years$4,225$2,806$1,812$1,143$709$215
37 years$4,065$2,665$1,696$1,053$643$187
38 years$3,914$2,532$1,588$971$583$163
39 years$3,772$2,408$1,488$895$528$142
40 years$3,637$2,291$1,394$826$479$124
41 years$3,508$2,181$1,307$762$435$108
42 years$3,387$2,077$1,226$703$395$94
43 years$3,271$1,979$1,151$649$358$82
44 years$3,160$1,886$1,080$599$325$71
45 years$3,055$1,799$1,014$554$295$62
46 years$2,955$1,716$953$511$268$54
47 years$2,860$1,638$895$472$243$47
48 years$2,768$1,563$841$436$221$41
49 years$2,681$1,493$791$403$201$36
50 years$2,597$1,426$743$373$182$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,660,000, adding $2,498 every year, while hoping to spend $21,740 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: 43/32/25 Blend
59$2,660,000$2,660,000$2,660,000$2,660,000
60$2,933,897$2,792,917$2,751,687$3,038,575
61$3,210,023$2,906,638$2,820,737$3,227,181
62$3,513,585$3,025,204$2,891,372$3,429,127
63$3,847,360$3,148,827$2,963,621$3,647,505
64$4,214,404$3,277,733$3,037,516$3,883,849
65$4,618,087$3,412,156$3,113,087$4,139,841
66$5,062,120$3,552,340$3,190,364$4,417,331
67$5,550,594$3,698,543$3,269,379$4,718,350
68$6,088,015$3,851,032$3,350,163$5,045,132
69$6,679,348$4,010,087$3,432,749$5,400,132
70$7,330,063$4,176,003$3,517,167$5,786,049
71$8,046,187$4,349,085$3,603,450$6,205,850
72$8,834,362$4,529,654$3,691,630$6,662,800
73$9,701,907$4,718,047$3,781,739$7,160,486
74$10,656,883$4,914,613$3,873,810$7,702,855
75$11,708,177$5,119,721$3,967,874$8,294,250
76$12,865,579$5,333,755$4,063,965$8,939,446
77$14,139,874$5,557,116$4,162,114$9,643,700
78$15,542,952$5,790,224$4,262,355$10,412,793
79$17,087,908$6,033,521$4,364,720$11,253,088
80$18,789,177$6,287,466$4,469,240$12,171,588
81$20,662,662$6,552,540$4,575,948$13,175,997
82$22,725,887$6,829,248$4,684,876$14,274,799
83$24,998,164$7,118,118$4,796,056$15,477,329
84$27,500,771$7,419,700$4,909,519$16,793,863
85$30,257,158$7,734,573$5,025,295$18,235,716
86$33,293,162$8,063,341$5,143,417$19,815,342
87$36,637,256$8,406,637$5,263,913$21,546,452
88$40,320,816$8,765,122$5,386,814$23,444,146
89$44,378,416$9,139,490$5,512,149$25,525,045
90$48,848,155$9,530,465$5,639,946$27,807,456
91$53,772,016$9,938,807$5,770,233$30,311,533
92$59,196,263$10,365,310$5,903,038$33,059,474
93$65,171,878$10,810,806$6,038,385$36,075,723
94$71,755,039$11,276,165$6,176,301$39,387,200
95$79,007,656$11,762,300$6,316,810$43,023,552
96$86,997,948$12,270,164$6,459,934$47,017,433
97$95,801,092$12,800,755$6,605,695$51,404,807
98$105,499,931$13,355,120$6,754,114$56,225,288
99$116,185,757$13,934,354$6,905,210$61,522,505
100$127,959,169$14,539,602$7,058,999$67,344,520