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%12.7%
1 years$222,138$220,159$218,229$216,344$214,504$212,088
2 years$109,969$107,921$105,936$104,012$102,145$99,712
3 years$72,585$70,528$68,548$66,641$64,805$62,431
4 years$53,896$51,845$49,885$48,011$46,219$43,924
5 years$42,686$40,647$38,713$36,877$35,135$32,924
6 years$35,215$33,192$31,286$29,491$27,801$25,677
7 years$29,880$27,874$25,999$24,246$22,610$20,573
8 years$25,881$23,893$22,049$20,340$18,757$16,808
9 years$22,773$20,803$18,991$17,325$15,796$13,934
10 years$20,287$18,337$16,557$14,934$13,459$11,683
11 years$18,255$16,325$14,576$12,997$11,575$9,883
12 years$16,562$14,652$12,936$11,400$10,031$8,421
13 years$15,132$13,241$11,557$10,065$8,747$7,218
14 years$13,906$12,036$10,384$8,934$7,668$6,217
15 years$12,845$10,995$9,376$7,968$6,751$5,377
16 years$11,918$10,088$8,500$7,134$5,967$4,666
17 years$11,100$9,290$7,735$6,410$5,291$4,061
18 years$10,374$8,585$7,061$5,777$4,704$3,543
19 years$9,726$7,956$6,464$5,220$4,193$3,098
20 years$9,142$7,393$5,932$4,728$3,745$2,713
21 years$8,616$6,887$5,457$4,291$3,352$2,381
22 years$8,137$6,428$5,029$3,901$3,004$2,092
23 years$7,701$6,012$4,644$3,553$2,697$1,840
24 years$7,302$5,633$4,295$3,240$2,424$1,620
25 years$6,935$5,286$3,978$2,959$2,181$1,428
26 years$6,597$4,968$3,689$2,706$1,965$1,259
27 years$6,285$4,676$3,426$2,477$1,771$1,112
28 years$5,995$4,406$3,185$2,269$1,598$982
29 years$5,726$4,157$2,963$2,081$1,443$868
30 years$5,476$3,925$2,760$1,910$1,304$767
31 years$5,242$3,711$2,573$1,754$1,179$678
32 years$5,023$3,511$2,401$1,612$1,066$600
33 years$4,817$3,325$2,242$1,482$965$531
34 years$4,625$3,152$2,095$1,364$874$470
35 years$4,443$2,989$1,958$1,256$791$417
36 years$4,272$2,837$1,832$1,156$717$369
37 years$4,111$2,695$1,715$1,065$650$327
38 years$3,959$2,561$1,606$982$589$290
39 years$3,814$2,435$1,504$905$534$257
40 years$3,678$2,317$1,410$835$485$228
41 years$3,548$2,205$1,322$771$440$202
42 years$3,425$2,100$1,240$711$399$179
43 years$3,308$2,001$1,164$656$362$159
44 years$3,196$1,908$1,092$606$329$141
45 years$3,090$1,819$1,026$560$298$125
46 years$2,989$1,735$963$517$271$111
47 years$2,892$1,656$905$478$246$98
48 years$2,799$1,581$851$441$223$87
49 years$2,711$1,510$799$408$203$77
50 years$2,626$1,442$752$377$184$68

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 $4,609 every year, while hoping to spend $34,062 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: 37/46/17 Blend
59$2,690,000$2,690,000$2,690,000$2,690,000
60$2,969,134$2,826,564$2,784,869$3,063,539
61$3,235,744$2,928,824$2,841,921$3,234,319
62$3,528,407$3,034,953$2,899,742$3,415,095
63$3,849,743$3,145,105$2,958,322$3,609,640
64$4,202,642$3,259,440$3,017,650$3,819,205
65$4,590,283$3,378,124$3,077,713$4,045,167
66$5,016,170$3,501,331$3,138,496$4,289,036
67$5,484,166$3,629,242$3,199,981$4,552,469
68$5,998,522$3,762,046$3,262,151$4,837,289
69$6,563,923$3,899,939$3,324,986$5,145,498
70$7,185,533$4,043,125$3,388,462$5,479,296
71$7,869,038$4,191,818$3,452,556$5,841,099
72$8,620,703$4,346,241$3,517,240$6,233,565
73$9,447,432$4,506,624$3,582,486$6,659,616
74$10,356,832$4,673,210$3,648,260$7,122,465
75$11,357,281$4,846,250$3,714,530$7,625,643
76$12,458,015$5,026,007$3,781,257$8,173,036
77$13,669,205$5,212,754$3,848,402$8,768,916
78$15,002,061$5,406,777$3,915,921$9,417,985
79$16,468,935$5,608,372$3,983,768$10,125,414
80$18,083,435$5,817,851$4,051,892$10,896,893
81$19,860,555$6,035,536$4,120,241$11,738,682
82$21,816,820$6,261,765$4,188,756$12,657,672
83$23,970,433$6,496,889$4,257,378$13,661,444
84$26,341,457$6,741,276$4,326,039$14,758,344
85$28,951,995$6,995,308$4,394,671$15,957,557
86$31,826,405$7,259,384$4,463,199$17,269,195
87$34,991,525$7,533,922$4,531,544$18,704,388
88$38,476,932$7,819,355$4,599,621$20,275,390
89$42,315,212$8,116,136$4,667,341$21,995,691
90$46,542,276$8,424,739$4,734,610$23,880,146
91$51,197,694$8,745,658$4,801,326$25,945,109
92$56,325,071$9,079,407$4,867,382$28,208,590
93$61,972,454$9,426,524$4,932,665$30,690,418
94$68,192,790$9,787,569$4,997,055$33,412,434
95$75,044,424$10,163,129$5,060,426$36,398,685
96$82,591,647$10,553,815$5,122,642$39,675,658
97$90,905,307$10,960,264$5,183,562$43,272,524
98$100,063,474$11,383,142$5,243,037$47,221,410
99$110,152,177$11,823,144$5,300,907$51,557,702
100$121,266,218$12,280,997$5,357,007$56,320,374