Can I retire at age 60 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$222,138$220,159$218,229$216,344$214,504$208,138
2 years$109,969$107,921$105,936$104,012$102,145$95,784
3 years$72,585$70,528$68,548$66,641$64,805$58,648
4 years$53,896$51,845$49,885$48,011$46,219$40,314
5 years$42,686$40,647$38,713$36,877$35,135$29,498
6 years$35,215$33,192$31,286$29,491$27,801$22,436
7 years$29,880$27,874$25,999$24,246$22,610$17,518
8 years$25,881$23,893$22,049$20,340$18,757$13,934
9 years$22,773$20,803$18,991$17,325$15,796$11,238
10 years$20,287$18,337$16,557$14,934$13,459$9,159
11 years$18,255$16,325$14,576$12,997$11,575$7,526
12 years$16,562$14,652$12,936$11,400$10,031$6,224
13 years$15,132$13,241$11,557$10,065$8,747$5,174
14 years$13,906$12,036$10,384$8,934$7,668$4,319
15 years$12,845$10,995$9,376$7,968$6,751$3,618
16 years$11,918$10,088$8,500$7,134$5,967$3,040
17 years$11,100$9,290$7,735$6,410$5,291$2,559
18 years$10,374$8,585$7,061$5,777$4,704$2,159
19 years$9,726$7,956$6,464$5,220$4,193$1,825
20 years$9,142$7,393$5,932$4,728$3,745$1,544
21 years$8,616$6,887$5,457$4,291$3,352$1,308
22 years$8,137$6,428$5,029$3,901$3,004$1,109
23 years$7,701$6,012$4,644$3,553$2,697$941
24 years$7,302$5,633$4,295$3,240$2,424$799
25 years$6,935$5,286$3,978$2,959$2,181$679
26 years$6,597$4,968$3,689$2,706$1,965$578
27 years$6,285$4,676$3,426$2,477$1,771$491
28 years$5,995$4,406$3,185$2,269$1,598$418
29 years$5,726$4,157$2,963$2,081$1,443$356
30 years$5,476$3,925$2,760$1,910$1,304$303
31 years$5,242$3,711$2,573$1,754$1,179$258
32 years$5,023$3,511$2,401$1,612$1,066$220
33 years$4,817$3,325$2,242$1,482$965$187
34 years$4,625$3,152$2,095$1,364$874$159
35 years$4,443$2,989$1,958$1,256$791$136
36 years$4,272$2,837$1,832$1,156$717$116
37 years$4,111$2,695$1,715$1,065$650$99
38 years$3,959$2,561$1,606$982$589$84
39 years$3,814$2,435$1,504$905$534$72
40 years$3,678$2,317$1,410$835$485$61
41 years$3,548$2,205$1,322$771$440$52
42 years$3,425$2,100$1,240$711$399$44
43 years$3,308$2,001$1,164$656$362$38
44 years$3,196$1,908$1,092$606$329$32
45 years$3,090$1,819$1,026$560$298$27
46 years$2,989$1,735$963$517$271$23
47 years$2,892$1,656$905$478$246$20
48 years$2,799$1,581$851$441$223$17
49 years$2,711$1,510$799$408$203$14
50 years$2,626$1,442$752$377$184$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,690,000, adding $4,942 every year, while hoping to spend $25,231 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: 51/34/15 Blend
59$2,690,000$2,690,000$2,690,000$2,690,000
60$2,969,478$2,826,908$2,785,213$3,108,553
61$3,245,519$2,938,581$2,851,672$3,316,180
62$3,548,871$3,054,880$2,919,511$3,538,728
63$3,882,292$3,176,005$2,988,752$3,780,116
64$4,248,822$3,302,166$3,059,412$4,042,131
65$4,651,811$3,433,581$3,131,511$4,326,734
66$5,094,947$3,570,478$3,205,067$4,636,085
67$5,582,295$3,713,095$3,280,101$4,972,555
68$6,118,335$3,861,682$3,356,630$5,338,754
69$6,707,999$4,016,499$3,434,671$5,737,550
70$7,356,726$4,177,819$3,514,244$6,172,099
71$8,070,505$4,345,925$3,595,364$6,645,872
72$8,855,936$4,521,115$3,678,048$7,162,687
73$9,720,292$4,703,700$3,762,313$7,726,744
74$10,671,586$4,894,004$3,848,174$8,342,664
75$11,718,645$5,092,368$3,935,646$9,015,535
76$12,871,199$5,299,147$4,024,742$9,750,952
77$14,139,968$5,514,711$4,115,477$10,555,073
78$15,536,761$5,739,449$4,207,862$11,434,679
79$17,074,595$5,973,766$4,301,910$12,397,229
80$18,767,810$6,218,087$4,397,630$13,450,937
81$20,632,209$6,472,855$4,495,033$14,604,844
82$22,685,204$6,738,534$4,594,126$15,868,903
83$24,945,982$7,015,610$4,694,917$17,254,072
84$27,435,687$7,304,590$4,797,411$18,772,416
85$30,177,615$7,606,003$4,901,613$20,437,218
86$33,197,441$7,920,406$5,007,526$22,263,106
87$36,523,452$8,248,379$5,115,151$24,266,185
88$40,186,823$8,590,528$5,224,487$26,464,193
89$44,221,904$8,947,488$5,335,532$28,876,662
90$48,666,548$9,319,925$5,448,282$31,525,101
91$53,562,466$9,708,532$5,562,730$34,433,202
92$58,955,625$10,114,037$5,678,868$37,627,054
93$64,896,673$10,537,200$5,796,685$41,135,395
94$71,441,428$10,978,816$5,916,168$44,989,876
95$78,651,394$11,439,719$6,037,300$49,225,358
96$86,594,349$11,920,778$6,160,063$53,880,243
97$95,344,982$12,422,905$6,284,434$58,996,827
98$104,985,596$12,947,054$6,410,389$64,621,705
99$115,606,889$13,494,222$6,537,899$70,806,201
100$127,308,807$14,065,453$6,666,933$77,606,854