Can I retire at age 60 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$223,789$221,796$219,851$217,953$216,099$208,266
2 years$110,787$108,723$106,724$104,785$102,904$95,099
3 years$73,124$71,052$69,057$67,137$65,287$57,754
4 years$54,297$52,231$50,256$48,368$46,563$39,360
5 years$43,003$40,950$39,001$37,151$35,397$28,543
6 years$35,476$33,438$31,518$29,710$28,008$21,509
7 years$30,102$28,081$26,192$24,426$22,778$16,631
8 years$26,074$24,071$22,213$20,491$18,897$13,097
9 years$22,942$20,958$19,132$17,454$15,914$10,453
10 years$20,438$18,474$16,680$15,045$13,559$8,429
11 years$18,391$16,446$14,684$13,094$11,661$6,850
12 years$16,686$14,761$13,032$11,485$10,106$5,602
13 years$15,244$13,340$11,643$10,140$8,812$4,603
14 years$14,010$12,125$10,462$9,001$7,725$3,798
15 years$12,941$11,077$9,445$8,027$6,801$3,143
16 years$12,006$10,163$8,564$7,187$6,011$2,608
17 years$11,183$9,359$7,793$6,458$5,330$2,169
18 years$10,451$8,649$7,114$5,820$4,739$1,807
19 years$9,798$8,015$6,512$5,259$4,224$1,507
20 years$9,210$7,448$5,977$4,763$3,773$1,259
21 years$8,680$6,938$5,497$4,322$3,376$1,053
22 years$8,198$6,476$5,067$3,930$3,026$881
23 years$7,758$6,057$4,678$3,579$2,717$738
24 years$7,356$5,675$4,326$3,264$2,442$618
25 years$6,987$5,326$4,007$2,981$2,197$518
26 years$6,646$5,005$3,716$2,726$1,979$434
27 years$6,332$4,711$3,451$2,495$1,784$364
28 years$6,040$4,439$3,208$2,286$1,610$306
29 years$5,769$4,187$2,985$2,096$1,454$257
30 years$5,516$3,955$2,781$1,924$1,314$215
31 years$5,281$3,738$2,593$1,767$1,188$181
32 years$5,060$3,537$2,419$1,624$1,074$152
33 years$4,853$3,350$2,259$1,493$972$128
34 years$4,659$3,175$2,110$1,374$880$107
35 years$4,476$3,011$1,973$1,265$797$90
36 years$4,304$2,858$1,846$1,165$722$76
37 years$4,142$2,715$1,727$1,073$655$64
38 years$3,988$2,580$1,618$989$594$53
39 years$3,843$2,453$1,516$912$538$45
40 years$3,705$2,334$1,421$841$488$38
41 years$3,574$2,222$1,332$776$443$32
42 years$3,450$2,116$1,250$716$402$27
43 years$3,332$2,016$1,172$661$365$22
44 years$3,220$1,922$1,101$611$331$19
45 years$3,113$1,833$1,033$564$301$16
46 years$3,011$1,748$971$521$273$13
47 years$2,913$1,668$912$481$248$11
48 years$2,820$1,593$857$445$225$9
49 years$2,731$1,521$805$411$204$8
50 years$2,646$1,453$757$380$186$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,710,000, adding $5,019 every year, while hoping to spend $39,795 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: 61/17/22 Blend
59$2,710,000$2,710,000$2,710,000$2,710,000
60$2,991,597$2,847,967$2,805,962$3,156,478
61$3,254,398$2,945,176$2,857,620$3,365,921
62$3,542,672$3,045,814$2,909,675$3,589,591
63$3,858,973$3,150,008$2,962,098$3,832,823
64$4,206,118$3,257,888$3,014,858$4,097,525
65$4,587,208$3,369,591$3,067,922$4,385,801
66$5,005,660$3,485,257$3,121,253$4,699,962
67$5,465,235$3,605,033$3,174,814$5,042,558
68$5,970,081$3,729,071$3,228,562$5,416,391
69$6,524,765$3,857,531$3,282,454$5,824,551
70$7,134,316$3,990,575$3,336,442$6,270,438
71$7,804,279$4,128,376$3,390,475$6,757,797
72$8,540,759$4,271,110$3,444,499$7,290,752
73$9,350,484$4,418,962$3,498,458$7,873,847
74$10,240,865$4,572,123$3,552,288$8,512,083
75$11,220,070$4,730,794$3,605,926$9,210,971
76$12,297,095$4,895,180$3,659,302$9,976,580
77$13,481,852$5,065,497$3,712,343$10,815,595
78$14,785,264$5,241,970$3,764,969$11,735,381
79$16,219,364$5,424,829$3,817,099$12,744,050
80$17,797,411$5,614,318$3,868,644$13,850,538
81$19,534,015$5,810,688$3,919,511$15,064,689
82$21,445,272$6,014,199$3,969,603$16,397,350
83$23,548,920$6,225,125$4,018,814$17,860,466
84$25,864,500$6,443,747$4,067,035$19,467,203
85$28,413,548$6,670,360$4,114,150$21,232,060
86$31,219,792$6,905,269$4,160,035$23,171,016
87$34,309,376$7,148,792$4,204,562$25,301,674
88$37,711,110$7,401,261$4,247,593$27,643,427
89$41,456,740$7,663,020$4,288,984$30,217,645
90$45,581,246$7,934,426$4,328,583$33,047,871
91$50,123,173$8,215,852$4,366,230$36,160,047
92$55,124,994$8,507,687$4,401,757$39,582,756
93$60,633,513$8,810,333$4,434,985$43,347,490
94$66,700,302$9,124,210$4,465,728$47,488,952
95$73,382,193$9,449,756$4,493,790$52,045,376
96$80,741,807$9,787,425$4,518,963$57,058,895
97$88,848,154$10,137,691$4,541,030$62,575,931
98$97,777,274$10,501,046$4,559,763$68,647,638
99$107,612,962$10,878,004$4,574,921$75,330,381
100$118,447,557$11,269,099$4,586,253$82,686,270