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

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$221,312$219,341$217,417$215,540$213,707$212,717
2 years$109,560$107,520$105,542$103,625$101,765$100,766
3 years$72,315$70,265$68,293$66,394$64,564$63,586
4 years$53,696$51,653$49,700$47,833$46,048$45,099
5 years$42,527$40,496$38,569$36,740$35,005$34,088
6 years$35,084$33,068$31,170$29,381$27,698$26,815
7 years$29,769$27,771$25,902$24,156$22,526$21,676
8 years$25,785$23,805$21,967$20,264$18,687$17,871
9 years$22,688$20,726$18,920$17,260$15,737$14,955
10 years$20,212$18,269$16,495$14,879$13,409$12,660
11 years$18,187$16,264$14,522$12,949$11,532$10,815
12 years$16,501$14,598$12,888$11,358$9,994$9,309
13 years$15,075$13,192$11,514$10,027$8,715$8,061
14 years$13,855$11,991$10,346$8,901$7,639$7,017
15 years$12,797$10,954$9,341$7,938$6,726$6,133
16 years$11,873$10,050$8,469$7,108$5,945$5,381
17 years$11,059$9,256$7,706$6,386$5,271$4,736
18 years$10,336$8,553$7,035$5,755$4,687$4,179
19 years$9,689$7,927$6,440$5,200$4,177$3,696
20 years$9,108$7,366$5,910$4,710$3,731$3,275
21 years$8,584$6,861$5,436$4,275$3,339$2,908
22 years$8,107$6,404$5,011$3,887$2,993$2,585
23 years$7,672$5,990$4,626$3,540$2,687$2,302
24 years$7,275$5,612$4,279$3,228$2,415$2,052
25 years$6,909$5,267$3,963$2,948$2,173$1,831
26 years$6,573$4,950$3,675$2,696$1,957$1,635
27 years$6,262$4,658$3,413$2,468$1,765$1,462
28 years$5,973$4,390$3,173$2,261$1,592$1,308
29 years$5,705$4,141$2,952$2,073$1,438$1,171
30 years$5,455$3,911$2,750$1,903$1,299$1,049
31 years$5,222$3,697$2,564$1,747$1,175$940
32 years$5,004$3,498$2,392$1,606$1,062$842
33 years$4,799$3,313$2,234$1,477$962$756
34 years$4,607$3,140$2,087$1,359$871$678
35 years$4,427$2,978$1,951$1,251$789$608
36 years$4,256$2,827$1,825$1,152$714$546
37 years$4,096$2,685$1,708$1,061$648$490
38 years$3,944$2,551$1,600$978$587$441
39 years$3,800$2,426$1,499$902$532$396
40 years$3,664$2,308$1,405$832$483$356
41 years$3,535$2,197$1,317$768$438$320
42 years$3,412$2,093$1,236$708$397$287
43 years$3,295$1,994$1,160$654$361$258
44 years$3,184$1,900$1,088$604$327$232
45 years$3,078$1,812$1,022$558$297$209
46 years$2,977$1,729$960$515$270$188
47 years$2,881$1,650$902$476$245$169
48 years$2,789$1,575$847$440$223$152
49 years$2,701$1,504$797$406$202$137
50 years$2,617$1,437$749$376$184$123

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 $4,301 every year, while hoping to spend $21,552 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: 57/30/13 Blend
59$2,680,000$2,680,000$2,680,000$2,680,000
60$2,957,796$2,815,756$2,774,216$3,116,416
61$3,236,561$2,930,797$2,844,222$3,339,241
62$3,543,036$3,050,753$2,915,850$3,579,180
63$3,880,027$3,175,841$2,989,132$3,840,126
64$4,250,623$3,306,290$3,064,101$4,124,096
65$4,658,227$3,442,339$3,140,788$4,433,307
66$5,106,588$3,584,236$3,219,227$4,770,198
67$5,599,839$3,732,242$3,299,450$5,137,449
68$6,142,531$3,886,631$3,381,490$5,538,012
69$6,739,681$4,047,687$3,465,382$5,975,130
70$7,396,814$4,215,709$3,551,157$6,452,374
71$8,120,020$4,391,010$3,638,852$6,973,672
72$8,916,007$4,573,915$3,728,499$7,543,344
73$9,792,170$4,764,766$3,820,133$8,166,148
74$10,756,653$4,963,922$3,913,790$8,847,316
75$11,818,432$5,171,754$4,009,502$9,592,610
76$12,987,398$5,388,656$4,107,306$10,408,370
77$14,274,448$5,615,035$4,207,236$11,301,574
78$15,691,590$5,851,321$4,309,328$12,279,905
79$17,252,058$6,097,961$4,413,615$13,351,821
80$18,970,430$6,355,424$4,520,134$14,526,632
81$20,862,775$6,624,200$4,628,919$15,814,589
82$22,946,795$6,904,804$4,740,005$17,226,980
83$25,242,000$7,197,771$4,853,428$18,776,233
84$27,769,887$7,503,665$4,969,221$20,476,033
85$30,554,145$7,823,073$5,087,418$22,341,448
86$33,620,876$8,156,612$5,208,055$24,389,075
87$36,998,845$8,504,926$5,331,165$26,637,188
88$40,719,749$8,868,689$5,456,781$29,105,915
89$44,818,517$9,248,608$5,584,936$31,817,423
90$49,333,638$9,645,422$5,715,663$34,796,125
91$54,307,525$10,059,904$5,848,994$38,068,911
92$59,786,917$10,492,864$5,984,960$41,665,398
93$65,823,318$10,945,150$6,123,592$45,618,209
94$72,473,484$11,417,649$6,264,919$49,963,277
95$79,799,955$11,911,290$6,408,971$54,740,186
96$87,871,654$12,427,047$6,555,774$59,992,535
97$96,764,527$12,965,936$6,705,357$65,768,355
98$106,562,268$13,529,026$6,857,745$72,120,556
99$117,357,102$14,117,431$7,012,962$79,107,424
100$129,250,661$14,732,320$7,171,032$86,793,169