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%12.3%
1 years$222,138$220,159$218,229$216,344$214,504$212,441
2 years$109,969$107,921$105,936$104,012$102,145$100,066
3 years$72,585$70,528$68,548$66,641$64,805$62,776
4 years$53,896$51,845$49,885$48,011$46,219$44,255
5 years$42,686$40,647$38,713$36,877$35,135$33,242
6 years$35,215$33,192$31,286$29,491$27,801$25,981
7 years$29,880$27,874$25,999$24,246$22,610$20,863
8 years$25,881$23,893$22,049$20,340$18,757$17,084
9 years$22,773$20,803$18,991$17,325$15,796$14,196
10 years$20,287$18,337$16,557$14,934$13,459$11,931
11 years$18,255$16,325$14,576$12,997$11,575$10,118
12 years$16,562$14,652$12,936$11,400$10,031$8,644
13 years$15,132$13,241$11,557$10,065$8,747$7,428
14 years$13,906$12,036$10,384$8,934$7,668$6,415
15 years$12,845$10,995$9,376$7,968$6,751$5,562
16 years$11,918$10,088$8,500$7,134$5,967$4,840
17 years$11,100$9,290$7,735$6,410$5,291$4,224
18 years$10,374$8,585$7,061$5,777$4,704$3,696
19 years$9,726$7,956$6,464$5,220$4,193$3,241
20 years$9,142$7,393$5,932$4,728$3,745$2,848
21 years$8,616$6,887$5,457$4,291$3,352$2,506
22 years$8,137$6,428$5,029$3,901$3,004$2,208
23 years$7,701$6,012$4,644$3,553$2,697$1,948
24 years$7,302$5,633$4,295$3,240$2,424$1,721
25 years$6,935$5,286$3,978$2,959$2,181$1,521
26 years$6,597$4,968$3,689$2,706$1,965$1,346
27 years$6,285$4,676$3,426$2,477$1,771$1,192
28 years$5,995$4,406$3,185$2,269$1,598$1,056
29 years$5,726$4,157$2,963$2,081$1,443$936
30 years$5,476$3,925$2,760$1,910$1,304$830
31 years$5,242$3,711$2,573$1,754$1,179$737
32 years$5,023$3,511$2,401$1,612$1,066$654
33 years$4,817$3,325$2,242$1,482$965$581
34 years$4,625$3,152$2,095$1,364$874$516
35 years$4,443$2,989$1,958$1,256$791$459
36 years$4,272$2,837$1,832$1,156$717$408
37 years$4,111$2,695$1,715$1,065$650$362
38 years$3,959$2,561$1,606$982$589$322
39 years$3,814$2,435$1,504$905$534$286
40 years$3,678$2,317$1,410$835$485$255
41 years$3,548$2,205$1,322$771$440$227
42 years$3,425$2,100$1,240$711$399$202
43 years$3,308$2,001$1,164$656$362$179
44 years$3,196$1,908$1,092$606$329$160
45 years$3,090$1,819$1,026$560$298$142
46 years$2,989$1,735$963$517$271$126
47 years$2,892$1,656$905$478$246$113
48 years$2,799$1,581$851$441$223$100
49 years$2,711$1,510$799$408$203$89
50 years$2,626$1,442$752$377$184$79

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 $2,276 every year, while hoping to spend $32,692 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: 61/21/18 Blend
59$2,690,000$2,690,000$2,690,000$2,690,000
60$2,966,728$2,824,158$2,782,463$3,133,865
61$3,234,550$2,927,757$2,840,891$3,350,508
62$3,528,594$3,035,338$2,900,181$3,582,985
63$3,851,501$3,147,059$2,960,327$3,835,938
64$4,206,178$3,263,090$3,021,323$4,111,358
65$4,595,830$3,383,603$3,083,159$4,411,436
66$5,023,986$3,508,780$3,145,826$4,738,581
67$5,494,534$3,638,812$3,209,313$5,095,449
68$6,011,759$3,773,896$3,273,607$5,484,960
69$6,580,379$3,914,238$3,338,693$5,910,328
70$7,205,594$4,060,052$3,404,556$6,375,094
71$7,893,133$4,211,562$3,471,176$6,883,155
72$8,649,306$4,369,003$3,538,534$7,438,800
73$9,481,068$4,532,616$3,606,608$8,046,754
74$10,396,080$4,702,658$3,675,372$8,712,219
75$11,402,783$4,879,391$3,744,800$9,440,922
76$12,510,478$5,063,093$3,814,863$10,239,172
77$13,729,414$5,254,051$3,885,528$11,113,914
78$15,070,881$5,452,567$3,956,760$12,072,799
79$16,547,322$5,658,954$4,028,522$13,124,252
80$18,172,445$5,873,538$4,100,774$14,277,554
81$19,961,355$6,096,662$4,173,471$15,542,927
82$21,930,697$6,328,682$4,246,565$16,931,627
83$24,098,810$6,569,970$4,320,007$18,456,056
84$26,485,903$6,820,912$4,393,741$20,129,875
85$29,114,243$7,081,915$4,467,710$21,968,130
86$32,008,367$7,353,400$4,541,849$23,987,397
87$35,195,313$7,635,809$4,616,094$26,205,936
88$38,704,873$7,929,602$4,690,371$28,643,863
89$42,569,877$8,235,259$4,764,606$31,323,338
90$46,826,500$8,553,283$4,838,716$34,268,774
91$51,514,605$8,884,196$4,912,615$37,507,068
92$56,678,119$9,228,546$4,986,212$41,067,852
93$62,365,446$9,586,903$5,059,408$44,983,771
94$68,629,924$9,959,864$5,132,101$49,290,793
95$75,530,329$10,348,050$5,204,179$54,028,545
96$83,131,431$10,752,113$5,275,527$59,240,689
97$91,504,600$11,172,730$5,346,021$64,975,327
98$100,728,487$11,610,611$5,415,531$71,285,463
99$110,889,758$12,066,497$5,483,916$78,229,493
100$122,083,919$12,541,160$5,551,033$85,871,760