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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$222,963$220,977$219,040$217,149$215,302$206,759
2 years$110,378$108,322$106,330$104,398$102,525$94,024
3 years$72,854$70,790$68,803$66,889$65,046$56,855
4 years$54,096$52,038$50,071$48,190$46,391$38,572
5 years$42,844$40,798$38,857$37,014$35,266$27,839
6 years$35,345$33,315$31,402$29,601$27,905$20,874
7 years$29,991$27,978$26,095$24,336$22,694$16,058
8 years$25,977$23,982$22,131$20,415$18,827$12,578
9 years$22,857$20,881$19,061$17,389$15,855$9,984
10 years$20,362$18,405$16,618$14,990$13,509$8,004
11 years$18,323$16,385$14,630$13,045$11,618$6,467
12 years$16,624$14,707$12,984$11,443$10,068$5,257
13 years$15,188$13,290$11,600$10,102$8,780$4,293
14 years$13,958$12,081$10,423$8,968$7,696$3,520
15 years$12,893$11,036$9,411$7,997$6,776$2,894
16 years$11,962$10,125$8,532$7,161$5,989$2,386
17 years$11,141$9,325$7,764$6,434$5,310$1,971
18 years$10,413$8,617$7,087$5,798$4,722$1,631
19 years$9,762$7,986$6,488$5,239$4,208$1,351
20 years$9,176$7,421$5,954$4,745$3,759$1,121
21 years$8,648$6,912$5,477$4,307$3,364$931
22 years$8,167$6,452$5,048$3,916$3,015$773
23 years$7,730$6,035$4,661$3,566$2,707$643
24 years$7,329$5,654$4,310$3,252$2,433$535
25 years$6,961$5,306$3,992$2,970$2,189$445
26 years$6,622$4,987$3,703$2,716$1,972$371
27 years$6,308$4,693$3,438$2,486$1,778$309
28 years$6,018$4,422$3,196$2,278$1,604$257
29 years$5,748$4,172$2,974$2,089$1,449$214
30 years$5,496$3,940$2,771$1,917$1,309$178
31 years$5,261$3,725$2,583$1,760$1,183$149
32 years$5,041$3,524$2,410$1,618$1,070$124
33 years$4,835$3,338$2,250$1,488$969$103
34 years$4,642$3,163$2,102$1,369$877$86
35 years$4,460$3,000$1,966$1,260$794$72
36 years$4,288$2,848$1,839$1,161$720$60
37 years$4,126$2,705$1,721$1,069$652$50
38 years$3,973$2,570$1,612$986$591$42
39 years$3,829$2,444$1,510$909$536$35
40 years$3,691$2,325$1,415$838$486$29
41 years$3,561$2,214$1,327$773$441$24
42 years$3,437$2,108$1,245$714$400$20
43 years$3,320$2,009$1,168$659$363$17
44 years$3,208$1,915$1,097$608$330$14
45 years$3,101$1,826$1,030$562$299$12
46 years$3,000$1,742$967$519$272$10
47 years$2,903$1,662$909$479$247$8
48 years$2,810$1,587$854$443$224$7
49 years$2,721$1,515$802$409$204$6
50 years$2,636$1,447$754$378$185$5

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 $5,394 every year, while hoping to spend $32,095 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: 45/38/17 Blend
59$2,700,000$2,700,000$2,700,000$2,700,000
60$2,980,964$2,837,864$2,796,014$3,100,344
61$3,250,873$2,942,770$2,855,532$3,289,256
62$3,547,238$3,051,742$2,915,967$3,490,355
63$3,872,722$3,164,943$2,977,318$3,707,744
64$4,230,261$3,282,546$3,039,580$3,942,946
65$4,623,089$3,404,732$3,102,746$4,197,635
66$5,054,767$3,531,687$3,166,811$4,473,653
67$5,529,220$3,663,607$3,231,767$4,773,020
68$6,050,772$3,800,695$3,297,602$5,097,962
69$6,624,185$3,943,163$3,364,306$5,450,922
70$7,254,708$4,091,234$3,431,867$5,834,589
71$7,948,122$4,245,139$3,500,268$6,251,920
72$8,710,798$4,405,118$3,569,495$6,706,168
73$9,549,754$4,571,423$3,639,527$7,200,909
74$10,472,722$4,744,316$3,710,345$7,740,080
75$11,488,223$4,924,071$3,781,925$8,328,010
76$12,605,645$5,110,974$3,854,242$8,969,465
77$13,835,331$5,305,322$3,927,270$9,669,688
78$15,188,678$5,507,426$4,000,977$10,434,450
79$16,678,244$5,717,611$4,075,330$11,270,101
80$18,317,866$5,936,215$4,150,295$12,183,632
81$20,122,791$6,163,591$4,225,832$13,182,739
82$22,109,817$6,400,109$4,301,899$14,275,891
83$24,297,457$6,646,153$4,378,451$15,472,414
84$26,706,108$6,902,125$4,455,440$16,782,576
85$29,358,246$7,168,444$4,532,812$18,217,679
86$32,278,638$7,445,549$4,610,512$19,790,172
87$35,494,574$7,733,896$4,688,479$21,513,758
88$39,036,127$8,033,962$4,766,649$23,403,529
89$42,936,432$8,346,247$4,844,952$25,476,106
90$47,232,005$8,671,271$4,923,315$27,749,789
91$51,963,083$9,009,576$5,001,659$30,244,736
92$57,174,003$9,361,730$5,079,900$32,983,145
93$62,913,623$9,728,327$5,157,949$35,989,466
94$69,235,783$10,109,985$5,235,711$39,290,628
95$76,199,809$10,507,351$5,313,083$42,916,291
96$83,871,079$10,921,100$5,389,961$46,899,126
97$92,321,632$11,351,938$5,466,228$51,275,119
98$101,630,858$11,800,602$5,541,765$56,083,912
99$111,886,235$12,267,861$5,616,444$61,369,171
100$123,184,165$12,754,520$5,690,129$67,178,999