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%16.7%
1 years$222,963$220,977$219,040$217,149$215,302$209,418
2 years$110,378$108,322$106,330$104,398$102,525$96,639
3 years$72,854$70,790$68,803$66,889$65,046$59,344
4 years$54,096$52,038$50,071$48,190$46,391$40,916
5 years$42,844$40,798$38,857$37,014$35,266$30,033
6 years$35,345$33,315$31,402$29,601$27,905$22,919
7 years$29,991$27,978$26,095$24,336$22,694$17,955
8 years$25,977$23,982$22,131$20,415$18,827$14,333
9 years$22,857$20,881$19,061$17,389$15,855$11,601
10 years$20,362$18,405$16,618$14,990$13,509$9,491
11 years$18,323$16,385$14,630$13,045$11,618$7,828
12 years$16,624$14,707$12,984$11,443$10,068$6,500
13 years$15,188$13,290$11,600$10,102$8,780$5,426
14 years$13,958$12,081$10,423$8,968$7,696$4,548
15 years$12,893$11,036$9,411$7,997$6,776$3,826
16 years$11,962$10,125$8,532$7,161$5,989$3,228
17 years$11,141$9,325$7,764$6,434$5,310$2,730
18 years$10,413$8,617$7,087$5,798$4,722$2,314
19 years$9,762$7,986$6,488$5,239$4,208$1,964
20 years$9,176$7,421$5,954$4,745$3,759$1,669
21 years$8,648$6,912$5,477$4,307$3,364$1,421
22 years$8,167$6,452$5,048$3,916$3,015$1,210
23 years$7,730$6,035$4,661$3,566$2,707$1,032
24 years$7,329$5,654$4,310$3,252$2,433$881
25 years$6,961$5,306$3,992$2,970$2,189$752
26 years$6,622$4,987$3,703$2,716$1,972$642
27 years$6,308$4,693$3,438$2,486$1,778$549
28 years$6,018$4,422$3,196$2,278$1,604$469
29 years$5,748$4,172$2,974$2,089$1,449$401
30 years$5,496$3,940$2,771$1,917$1,309$343
31 years$5,261$3,725$2,583$1,760$1,183$294
32 years$5,041$3,524$2,410$1,618$1,070$252
33 years$4,835$3,338$2,250$1,488$969$215
34 years$4,642$3,163$2,102$1,369$877$184
35 years$4,460$3,000$1,966$1,260$794$158
36 years$4,288$2,848$1,839$1,161$720$135
37 years$4,126$2,705$1,721$1,069$652$116
38 years$3,973$2,570$1,612$986$591$99
39 years$3,829$2,444$1,510$909$536$85
40 years$3,691$2,325$1,415$838$486$73
41 years$3,561$2,214$1,327$773$441$62
42 years$3,437$2,108$1,245$714$400$53
43 years$3,320$2,009$1,168$659$363$46
44 years$3,208$1,915$1,097$608$330$39
45 years$3,101$1,826$1,030$562$299$34
46 years$3,000$1,742$967$519$272$29
47 years$2,903$1,662$909$479$247$25
48 years$2,810$1,587$854$443$224$21
49 years$2,721$1,515$802$409$204$18
50 years$2,636$1,447$754$378$185$16

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 $5,669 every year, while hoping to spend $27,420 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: 69/6/25 Blend
59$2,700,000$2,700,000$2,700,000$2,700,000
60$2,981,248$2,838,148$2,796,298$3,167,530
61$3,256,160$2,948,042$2,860,799$3,403,011
62$3,558,195$3,062,403$2,926,542$3,656,932
63$3,890,089$3,181,419$2,993,540$3,934,176
64$4,254,859$3,305,289$3,061,804$4,237,054
65$4,655,826$3,434,220$3,131,346$4,568,107
66$5,096,652$3,568,428$3,202,178$4,930,135
67$5,581,369$3,708,140$3,274,309$5,326,222
68$6,114,420$3,853,590$3,347,750$5,759,764
69$6,700,701$4,005,025$3,422,509$6,234,500
70$7,345,604$4,162,703$3,498,595$6,754,551
71$8,055,072$4,326,893$3,576,015$7,324,454
72$8,835,654$4,497,874$3,654,775$7,949,206
73$9,694,561$4,675,941$3,734,881$8,634,312
74$10,639,744$4,861,400$3,816,338$9,385,839
75$11,679,961$5,054,571$3,899,147$10,210,465
76$12,824,861$5,255,789$3,983,312$11,115,550
77$14,085,077$5,465,403$4,068,834$12,109,203
78$15,472,325$5,683,779$4,155,711$13,200,354
79$16,999,516$5,911,298$4,243,941$14,398,843
80$18,680,875$6,148,359$4,333,521$15,715,511
81$20,532,075$6,395,380$4,424,445$17,162,302
82$22,570,389$6,652,796$4,516,706$18,752,375
83$24,814,849$6,921,062$4,610,295$20,500,227
84$27,286,425$7,200,656$4,705,201$22,421,831
85$30,008,226$7,492,074$4,801,412$24,534,788
86$33,005,716$7,795,837$4,898,910$26,858,488
87$36,306,956$8,112,489$4,997,680$29,414,297
88$39,942,863$8,442,599$5,097,700$32,225,756
89$43,947,509$8,786,760$5,198,947$35,318,804
90$48,358,439$9,145,596$5,301,396$38,722,021
91$53,217,026$9,519,756$5,405,018$42,466,900
92$58,568,857$9,909,919$5,509,782$46,588,142
93$64,464,172$10,316,796$5,615,651$51,123,980
94$70,958,330$10,741,132$5,722,587$56,116,548
95$78,112,335$11,183,702$5,830,549$61,612,269
96$85,993,410$11,645,320$5,939,489$67,662,298
97$94,675,633$12,126,837$6,049,358$74,323,003
98$104,240,637$12,629,141$6,160,100$81,656,498
99$114,778,376$13,153,162$6,271,657$89,731,226
100$126,387,977$13,699,875$6,383,965$98,622,606