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%13.8%
1 years$221,312$219,341$217,417$215,540$213,707$210,340
2 years$109,560$107,520$105,542$103,625$101,765$98,382
3 years$72,315$70,265$68,293$66,394$64,564$61,269
4 years$53,696$51,653$49,700$47,833$46,048$42,867
5 years$42,527$40,496$38,569$36,740$35,005$31,947
6 years$35,084$33,068$31,170$29,381$27,698$24,768
7 years$29,769$27,771$25,902$24,156$22,526$19,723
8 years$25,785$23,805$21,967$20,264$18,687$16,012
9 years$22,688$20,726$18,920$17,260$15,737$13,188
10 years$20,212$18,269$16,495$14,879$13,409$10,984
11 years$18,187$16,264$14,522$12,949$11,532$9,228
12 years$16,501$14,598$12,888$11,358$9,994$7,808
13 years$15,075$13,192$11,514$10,027$8,715$6,645
14 years$13,855$11,991$10,346$8,901$7,639$5,681
15 years$12,797$10,954$9,341$7,938$6,726$4,877
16 years$11,873$10,050$8,469$7,108$5,945$4,200
17 years$11,059$9,256$7,706$6,386$5,271$3,627
18 years$10,336$8,553$7,035$5,755$4,687$3,139
19 years$9,689$7,927$6,440$5,200$4,177$2,723
20 years$9,108$7,366$5,910$4,710$3,731$2,366
21 years$8,584$6,861$5,436$4,275$3,339$2,059
22 years$8,107$6,404$5,011$3,887$2,993$1,794
23 years$7,672$5,990$4,626$3,540$2,687$1,564
24 years$7,275$5,612$4,279$3,228$2,415$1,366
25 years$6,909$5,267$3,963$2,948$2,173$1,193
26 years$6,573$4,950$3,675$2,696$1,957$1,043
27 years$6,262$4,658$3,413$2,468$1,765$913
28 years$5,973$4,390$3,173$2,261$1,592$799
29 years$5,705$4,141$2,952$2,073$1,438$700
30 years$5,455$3,911$2,750$1,903$1,299$613
31 years$5,222$3,697$2,564$1,747$1,175$537
32 years$5,004$3,498$2,392$1,606$1,062$471
33 years$4,799$3,313$2,234$1,477$962$413
34 years$4,607$3,140$2,087$1,359$871$363
35 years$4,427$2,978$1,951$1,251$789$318
36 years$4,256$2,827$1,825$1,152$714$279
37 years$4,096$2,685$1,708$1,061$648$245
38 years$3,944$2,551$1,600$978$587$215
39 years$3,800$2,426$1,499$902$532$189
40 years$3,664$2,308$1,405$832$483$166
41 years$3,535$2,197$1,317$768$438$146
42 years$3,412$2,093$1,236$708$397$128
43 years$3,295$1,994$1,160$654$361$112
44 years$3,184$1,900$1,088$604$327$99
45 years$3,078$1,812$1,022$558$297$87
46 years$2,977$1,729$960$515$270$76
47 years$2,881$1,650$902$476$245$67
48 years$2,789$1,575$847$440$223$59
49 years$2,701$1,504$797$406$202$52
50 years$2,617$1,437$749$376$184$45

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 $5,304 every year, while hoping to spend $34,391 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: 46/26/28 Blend
59$2,680,000$2,680,000$2,680,000$2,680,000
60$2,958,831$2,816,791$2,775,251$3,070,867
61$3,224,040$2,918,222$2,831,630$3,252,190
62$3,515,148$3,023,471$2,888,745$3,445,071
63$3,834,760$3,132,687$2,946,585$3,653,696
64$4,185,745$3,246,029$3,005,136$3,879,559
65$4,571,266$3,363,660$3,064,383$4,124,302
66$4,994,806$3,485,750$3,124,310$4,389,733
67$5,460,201$3,612,476$3,184,899$4,677,841
68$5,971,677$3,744,023$3,246,129$4,990,811
69$6,533,892$3,880,584$3,307,978$5,331,051
70$7,151,975$4,022,359$3,370,422$5,701,210
71$7,831,580$4,169,558$3,433,434$6,104,202
72$8,578,932$4,322,397$3,496,985$6,543,234
73$9,400,893$4,481,104$3,561,044$7,021,837
74$10,305,022$4,645,916$3,625,577$7,543,899
75$11,299,646$4,817,078$3,690,546$8,113,697
76$12,393,943$4,994,848$3,755,913$8,735,941
77$13,598,023$5,179,493$3,821,633$9,415,819
78$14,923,026$5,371,293$3,887,663$10,159,039
79$16,381,226$5,570,538$3,953,951$10,971,889
80$17,986,149$5,777,532$4,020,445$11,861,293
81$19,752,695$5,992,590$4,087,090$12,834,875
82$21,697,286$6,216,043$4,153,824$13,901,031
83$23,838,015$6,448,235$4,220,582$15,069,008
84$26,194,818$6,689,523$4,287,296$16,348,991
85$28,789,662$6,940,283$4,353,893$17,752,196
86$31,646,753$7,200,903$4,420,295$19,290,977
87$34,792,766$7,471,791$4,486,419$20,978,943
88$38,257,090$7,753,370$4,552,176$22,831,083
89$42,072,112$8,046,084$4,617,472$24,863,908
90$46,273,519$8,350,394$4,682,210$27,095,607
91$50,900,637$8,666,783$4,746,283$29,546,214
92$55,996,798$8,995,751$4,809,579$32,237,801
93$61,609,753$9,337,824$4,871,982$35,194,684
94$67,792,120$9,693,549$4,933,365$38,443,647
95$74,601,880$10,063,498$4,993,597$42,014,202
96$82,102,928$10,448,265$5,052,538$45,938,859
97$90,365,669$10,848,472$5,110,041$50,253,437
98$99,467,690$11,264,770$5,165,949$54,997,396
99$109,494,485$11,697,835$5,220,100$60,214,214
100$120,540,268$12,148,374$5,272,319$65,951,792