Can I retire at age 60 with 2,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$222,963$220,977$219,040$217,149$215,302$210,869
2 years$110,378$108,322$106,330$104,398$102,525$98,078
3 years$72,854$70,790$68,803$66,889$65,046$60,725
4 years$54,096$52,038$50,071$48,190$46,391$42,230
5 years$42,844$40,798$38,857$37,014$35,266$31,275
6 years$35,345$33,315$31,402$29,601$27,905$24,089
7 years$29,991$27,978$26,095$24,336$22,694$19,054
8 years$25,977$23,982$22,131$20,415$18,827$15,362
9 years$22,857$20,881$19,061$17,389$15,855$12,562
10 years$20,362$18,405$16,618$14,990$13,509$10,386
11 years$18,323$16,385$14,630$13,045$11,618$8,660
12 years$16,624$14,707$12,984$11,443$10,068$7,271
13 years$15,188$13,290$11,600$10,102$8,780$6,138
14 years$13,958$12,081$10,423$8,968$7,696$5,206
15 years$12,893$11,036$9,411$7,997$6,776$4,432
16 years$11,962$10,125$8,532$7,161$5,989$3,785
17 years$11,141$9,325$7,764$6,434$5,310$3,240
18 years$10,413$8,617$7,087$5,798$4,722$2,781
19 years$9,762$7,986$6,488$5,239$4,208$2,390
20 years$9,176$7,421$5,954$4,745$3,759$2,058
21 years$8,648$6,912$5,477$4,307$3,364$1,775
22 years$8,167$6,452$5,048$3,916$3,015$1,532
23 years$7,730$6,035$4,661$3,566$2,707$1,324
24 years$7,329$5,654$4,310$3,252$2,433$1,145
25 years$6,961$5,306$3,992$2,970$2,189$991
26 years$6,622$4,987$3,703$2,716$1,972$858
27 years$6,308$4,693$3,438$2,486$1,778$744
28 years$6,018$4,422$3,196$2,278$1,604$645
29 years$5,748$4,172$2,974$2,089$1,449$559
30 years$5,496$3,940$2,771$1,917$1,309$485
31 years$5,261$3,725$2,583$1,760$1,183$421
32 years$5,041$3,524$2,410$1,618$1,070$365
33 years$4,835$3,338$2,250$1,488$969$317
34 years$4,642$3,163$2,102$1,369$877$276
35 years$4,460$3,000$1,966$1,260$794$239
36 years$4,288$2,848$1,839$1,161$720$208
37 years$4,126$2,705$1,721$1,069$652$181
38 years$3,973$2,570$1,612$986$591$157
39 years$3,829$2,444$1,510$909$536$136
40 years$3,691$2,325$1,415$838$486$119
41 years$3,561$2,214$1,327$773$441$103
42 years$3,437$2,108$1,245$714$400$90
43 years$3,320$2,009$1,168$659$363$78
44 years$3,208$1,915$1,097$608$330$68
45 years$3,101$1,826$1,030$562$299$59
46 years$3,000$1,742$967$519$272$51
47 years$2,903$1,662$909$479$247$44
48 years$2,810$1,587$854$443$224$39
49 years$2,721$1,515$802$409$204$34
50 years$2,636$1,447$754$378$185$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,700,000, adding $2,622 every year, while hoping to spend $28,653 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: 47/35/18 Blend
59$2,700,000$2,700,000$2,700,000$2,700,000
60$2,978,105$2,835,005$2,793,155$3,102,770
61$3,251,385$2,943,433$2,856,239$3,298,218
62$3,551,579$3,056,215$2,920,476$3,507,127
63$3,881,403$3,173,532$2,985,874$3,733,265
64$4,243,846$3,295,575$3,052,442$3,978,254
65$4,642,206$3,422,545$3,120,185$4,243,874
66$5,080,110$3,554,650$3,189,111$4,532,084
67$5,561,560$3,692,106$3,259,225$4,845,036
68$6,090,960$3,835,140$3,330,530$5,185,096
69$6,673,166$3,983,991$3,403,031$5,554,867
70$7,313,527$4,138,904$3,476,730$5,957,209
71$8,017,935$4,300,138$3,551,629$6,395,271
72$8,792,882$4,467,963$3,627,727$6,872,514
73$9,645,524$4,642,661$3,705,023$7,392,747
74$10,583,742$4,824,526$3,783,516$7,960,160
75$11,616,221$5,013,865$3,863,201$8,579,364
76$12,752,530$5,210,999$3,944,073$9,255,432
77$14,003,214$5,416,263$4,026,125$9,993,947
78$15,379,890$5,630,009$4,109,348$10,801,053
79$16,895,360$5,852,600$4,193,733$11,683,514
80$18,563,729$6,084,420$4,279,266$12,648,773
81$20,400,541$6,325,869$4,365,933$13,705,025
82$22,422,922$6,577,362$4,453,717$14,861,291
83$24,649,745$6,839,337$4,542,601$16,127,501
84$27,101,803$7,112,249$4,632,562$17,514,590
85$29,802,011$7,396,573$4,723,578$19,034,597
86$32,775,619$7,692,808$4,815,620$20,700,776
87$36,050,450$8,001,474$4,908,661$22,527,725
88$39,657,162$8,323,113$5,002,668$24,531,517
89$43,629,541$8,658,293$5,097,606$26,729,851
90$48,004,814$9,007,609$5,193,435$29,142,221
91$52,824,004$9,371,681$5,290,114$31,790,095
92$58,132,316$9,751,157$5,387,597$34,697,115
93$63,979,564$10,146,716$5,485,833$37,889,321
94$70,420,641$10,559,067$5,584,770$41,395,397
95$77,516,036$10,988,950$5,684,349$45,246,932
96$85,332,404$11,437,141$5,784,507$49,478,723
97$93,943,198$11,904,450$5,885,177$54,129,100
98$103,429,361$12,391,724$5,986,287$59,240,284
99$113,880,086$12,899,849$6,087,758$64,858,783
100$125,393,665$13,429,752$6,189,508$71,035,830