Can I retire at age 60 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$221,312$219,341$217,417$215,540$213,707$210,949
2 years$109,560$107,520$105,542$103,625$101,765$98,991
3 years$72,315$70,265$68,293$66,394$64,564$61,859
4 years$53,696$51,653$49,700$47,833$46,048$43,433
5 years$42,527$40,496$38,569$36,740$35,005$32,488
6 years$35,084$33,068$31,170$29,381$27,698$25,282
7 years$29,769$27,771$25,902$24,156$22,526$20,212
8 years$25,785$23,805$21,967$20,264$18,687$16,475
9 years$22,688$20,726$18,920$17,260$15,737$13,626
10 years$20,212$18,269$16,495$14,879$13,409$11,397
11 years$18,187$16,264$14,522$12,949$11,532$9,617
12 years$16,501$14,598$12,888$11,358$9,994$8,174
13 years$15,075$13,192$11,514$10,027$8,715$6,988
14 years$13,855$11,991$10,346$8,901$7,639$6,003
15 years$12,797$10,954$9,341$7,938$6,726$5,177
16 years$11,873$10,050$8,469$7,108$5,945$4,480
17 years$11,059$9,256$7,706$6,386$5,271$3,888
18 years$10,336$8,553$7,035$5,755$4,687$3,383
19 years$9,689$7,927$6,440$5,200$4,177$2,949
20 years$9,108$7,366$5,910$4,710$3,731$2,576
21 years$8,584$6,861$5,436$4,275$3,339$2,253
22 years$8,107$6,404$5,011$3,887$2,993$1,973
23 years$7,672$5,990$4,626$3,540$2,687$1,731
24 years$7,275$5,612$4,279$3,228$2,415$1,519
25 years$6,909$5,267$3,963$2,948$2,173$1,335
26 years$6,573$4,950$3,675$2,696$1,957$1,173
27 years$6,262$4,658$3,413$2,468$1,765$1,032
28 years$5,973$4,390$3,173$2,261$1,592$909
29 years$5,705$4,141$2,952$2,073$1,438$801
30 years$5,455$3,911$2,750$1,903$1,299$706
31 years$5,222$3,697$2,564$1,747$1,175$622
32 years$5,004$3,498$2,392$1,606$1,062$549
33 years$4,799$3,313$2,234$1,477$962$484
34 years$4,607$3,140$2,087$1,359$871$427
35 years$4,427$2,978$1,951$1,251$789$377
36 years$4,256$2,827$1,825$1,152$714$333
37 years$4,096$2,685$1,708$1,061$648$294
38 years$3,944$2,551$1,600$978$587$259
39 years$3,800$2,426$1,499$902$532$229
40 years$3,664$2,308$1,405$832$483$202
41 years$3,535$2,197$1,317$768$438$179
42 years$3,412$2,093$1,236$708$397$158
43 years$3,295$1,994$1,160$654$361$140
44 years$3,184$1,900$1,088$604$327$123
45 years$3,078$1,812$1,022$558$297$109
46 years$2,977$1,729$960$515$270$96
47 years$2,881$1,650$902$476$245$85
48 years$2,789$1,575$847$440$223$75
49 years$2,701$1,504$797$406$202$67
50 years$2,617$1,437$749$376$184$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,680,000, adding $4,426 every year, while hoping to spend $44,110 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: 57/34/9 Blend
59$2,680,000$2,680,000$2,680,000$2,680,000
60$2,957,925$2,815,885$2,774,345$3,120,005
61$3,212,701$2,906,931$2,820,353$3,320,799
62$3,491,986$3,000,960$2,866,424$3,534,166
63$3,798,232$3,098,071$2,912,513$3,765,573
64$4,134,143$3,198,367$2,958,573$4,016,750
65$4,502,694$3,301,956$3,004,554$4,289,601
66$4,907,163$3,408,946$3,050,401$4,586,218
67$5,351,162$3,519,453$3,096,058$4,908,906
68$5,838,669$3,633,594$3,141,464$5,260,200
69$6,374,064$3,751,491$3,186,554$5,642,889
70$6,962,174$3,873,270$3,231,260$6,060,044
71$7,608,318$3,999,062$3,275,509$6,515,046
72$8,318,352$4,129,002$3,319,224$7,011,614
73$9,098,731$4,263,229$3,362,324$7,553,845
74$9,956,563$4,401,889$3,404,724$8,146,249
75$10,899,681$4,545,131$3,446,331$8,793,790
76$11,936,715$4,693,109$3,487,050$9,501,936
77$13,077,173$4,845,984$3,526,779$10,276,706
78$14,331,529$5,003,921$3,565,410$11,124,729
79$15,711,324$5,167,093$3,602,831$12,053,306
80$17,229,275$5,335,677$3,638,922$13,070,477
81$18,899,392$5,509,856$3,673,556$14,185,096
82$20,737,112$5,689,821$3,706,603$15,406,915
83$22,759,444$5,875,768$3,737,920$16,746,677
84$24,985,129$6,067,903$3,767,362$18,216,211
85$27,434,817$6,266,434$3,794,773$19,828,551
86$30,131,260$6,471,582$3,819,991$21,598,051
87$33,099,531$6,683,572$3,842,843$23,540,524
88$36,367,255$6,902,638$3,863,149$25,673,390
89$39,964,870$7,129,023$3,880,720$28,015,839
90$43,925,919$7,362,978$3,895,357$30,589,011
91$48,287,362$7,604,762$3,906,850$33,416,194
92$53,089,923$7,854,645$3,914,979$36,523,045
93$58,378,478$8,112,906$3,919,514$39,937,833
94$64,202,478$8,379,834$3,920,213$43,691,697
95$70,616,411$8,655,726$3,916,821$47,818,950
96$77,680,322$8,940,894$3,909,072$52,357,393
97$85,460,375$9,235,658$3,896,685$57,348,674
98$94,029,478$9,540,350$3,879,369$62,838,682
99$103,467,972$9,855,314$3,856,815$68,877,977
100$113,864,388$10,180,907$3,828,701$75,522,267