Can I retire at age 60 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$220,486$218,522$216,606$214,736$212,910$205,274
2 years$109,152$107,119$105,149$103,238$101,385$93,775
3 years$72,045$70,003$68,038$66,146$64,323$56,977
4 years$53,495$51,460$49,514$47,654$45,876$38,851
5 years$42,368$40,345$38,425$36,603$34,874$28,188
6 years$34,953$32,945$31,053$29,272$27,595$21,253
7 years$29,658$27,667$25,805$24,066$22,442$16,443
8 years$25,689$23,716$21,885$20,188$18,618$12,956
9 years$22,603$20,649$18,850$17,196$15,679$10,348
10 years$20,136$18,201$16,433$14,823$13,359$8,349
11 years$18,119$16,203$14,468$12,901$11,489$6,789
12 years$16,439$14,543$12,840$11,316$9,956$5,556
13 years$15,019$13,143$11,471$9,990$8,682$4,569
14 years$13,803$11,946$10,307$8,868$7,611$3,772
15 years$12,750$10,913$9,306$7,909$6,701$3,124
16 years$11,829$10,013$8,437$7,081$5,922$2,594
17 years$11,018$9,221$7,678$6,362$5,251$2,159
18 years$10,297$8,521$7,009$5,734$4,669$1,800
19 years$9,653$7,897$6,416$5,181$4,162$1,503
20 years$9,074$7,338$5,888$4,692$3,717$1,256
21 years$8,552$6,835$5,416$4,259$3,327$1,051
22 years$8,077$6,381$4,992$3,872$2,982$880
23 years$7,644$5,968$4,609$3,526$2,677$738
24 years$7,248$5,591$4,263$3,216$2,406$618
25 years$6,884$5,247$3,948$2,937$2,165$519
26 years$6,548$4,931$3,662$2,686$1,950$435
27 years$6,238$4,641$3,400$2,458$1,758$366
28 years$5,951$4,373$3,161$2,252$1,586$307
29 years$5,684$4,126$2,941$2,065$1,432$258
30 years$5,435$3,896$2,740$1,896$1,294$217
31 years$5,203$3,683$2,554$1,741$1,170$182
32 years$4,985$3,485$2,383$1,600$1,059$153
33 years$4,782$3,300$2,225$1,471$958$129
34 years$4,590$3,128$2,079$1,354$867$108
35 years$4,410$2,967$1,944$1,246$786$91
36 years$4,241$2,816$1,818$1,148$712$76
37 years$4,080$2,675$1,702$1,057$645$64
38 years$3,929$2,542$1,594$975$585$54
39 years$3,786$2,417$1,493$899$530$45
40 years$3,650$2,300$1,400$829$481$38
41 years$3,522$2,189$1,312$765$436$32
42 years$3,399$2,085$1,231$706$396$27
43 years$3,283$1,986$1,155$652$359$23
44 years$3,172$1,893$1,084$602$326$19
45 years$3,067$1,806$1,018$556$296$16
46 years$2,966$1,722$956$513$269$14
47 years$2,870$1,644$898$474$244$11
48 years$2,779$1,569$844$438$222$10
49 years$2,691$1,498$794$405$201$8
50 years$2,607$1,431$746$374$183$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,670,000, adding $2,972 every year, while hoping to spend $47,620 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: 77/15/8 Blend
59$2,670,000$2,670,000$2,670,000$2,670,000
60$2,945,406$2,803,896$2,762,511$3,168,620
61$3,195,170$2,890,619$2,804,387$3,402,423
62$3,468,814$2,979,996$2,846,071$3,652,272
63$3,768,723$3,072,106$2,887,505$3,924,822
64$4,097,525$3,167,032$2,928,628$4,222,310
65$4,458,113$3,264,857$2,969,378$4,547,201
66$4,853,674$3,365,669$3,009,686$4,902,206
67$5,287,719$3,469,556$3,049,480$5,290,312
68$5,764,114$3,576,612$3,088,686$5,714,810
69$6,287,118$3,686,931$3,127,221$6,179,320
70$6,861,424$3,800,610$3,165,002$6,687,833
71$7,492,198$3,917,749$3,201,939$7,244,743
72$8,185,135$4,038,451$3,237,937$7,854,889
73$8,946,507$4,162,823$3,272,896$8,523,603
74$9,783,223$4,290,974$3,306,710$9,256,755
75$10,702,895$4,423,015$3,339,268$10,060,814
76$11,713,910$4,559,063$3,370,454$10,942,905
77$12,825,508$4,699,236$3,400,143$11,910,876
78$14,047,866$4,843,655$3,428,204$12,973,373
79$15,392,202$4,992,447$3,454,502$14,139,921
80$16,870,870$5,145,741$3,478,892$15,421,015
81$18,497,486$5,303,669$3,501,221$16,828,214
82$20,287,048$5,466,368$3,521,331$18,374,256
83$22,256,085$5,633,977$3,539,053$20,073,172
84$24,422,805$5,806,642$3,554,212$21,940,423
85$26,807,274$5,984,511$3,566,621$23,993,042
86$29,431,600$6,167,735$3,576,086$26,249,798
87$32,320,141$6,356,472$3,582,402$28,731,367
88$35,499,738$6,550,882$3,585,356$31,460,534
89$38,999,967$6,751,131$3,584,721$34,462,402
90$42,853,416$6,957,389$3,580,262$37,764,630
91$47,095,994$7,169,830$3,571,730$41,397,696
92$51,767,267$7,388,634$3,558,865$45,395,182
93$56,910,836$7,613,985$3,541,395$49,794,091
94$62,574,744$7,846,072$3,519,034$54,635,194
95$68,811,928$8,085,090$3,491,482$59,963,420
96$75,680,724$8,331,239$3,458,426$65,828,272
97$83,245,412$8,584,724$3,419,537$72,284,301
98$91,576,823$8,845,754$3,374,471$79,391,616
99$100,753,010$9,114,547$3,322,867$87,216,451
100$110,859,982$9,391,325$3,264,347$95,831,793