Can I retire at age 60 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$225,441$223,433$221,474$219,561$217,694$214,618
2 years$111,604$109,526$107,511$105,558$103,664$100,571
3 years$73,664$71,576$69,567$67,632$65,769$62,755
4 years$54,697$52,616$50,627$48,725$46,907$43,995
5 years$43,320$41,252$39,289$37,426$35,658$32,857
6 years$35,738$33,685$31,751$29,930$28,215$25,528
7 years$30,324$28,289$26,385$24,607$22,946$20,374
8 years$26,266$24,249$22,377$20,642$19,036$16,579
9 years$23,111$21,113$19,273$17,582$16,031$13,687
10 years$20,589$18,610$16,803$15,156$13,659$11,427
11 years$18,526$16,567$14,793$13,190$11,747$9,625
12 years$16,809$14,870$13,128$11,570$10,180$8,165
13 years$15,357$13,438$11,729$10,214$8,877$6,966
14 years$14,113$12,215$10,539$9,067$7,782$5,972
15 years$13,036$11,158$9,515$8,086$6,852$5,140
16 years$12,095$10,238$8,627$7,240$6,056$4,439
17 years$11,265$9,429$7,850$6,505$5,369$3,845
18 years$10,529$8,712$7,166$5,863$4,774$3,337
19 years$9,870$8,075$6,560$5,297$4,255$2,903
20 years$9,278$7,503$6,021$4,798$3,801$2,530
21 years$8,744$6,989$5,538$4,354$3,401$2,208
22 years$8,258$6,524$5,104$3,959$3,049$1,930
23 years$7,816$6,102$4,713$3,606$2,737$1,688
24 years$7,410$5,717$4,358$3,289$2,460$1,479
25 years$7,038$5,365$4,037$3,003$2,214$1,296
26 years$6,695$5,042$3,744$2,746$1,994$1,137
27 years$6,378$4,745$3,477$2,514$1,798$998
28 years$6,085$4,472$3,232$2,303$1,622$876
29 years$5,811$4,218$3,008$2,112$1,465$770
30 years$5,557$3,984$2,801$1,938$1,323$677
31 years$5,320$3,766$2,612$1,780$1,196$595
32 years$5,097$3,563$2,437$1,636$1,082$524
33 years$4,889$3,375$2,275$1,504$979$461
34 years$4,693$3,198$2,126$1,384$887$406
35 years$4,509$3,034$1,987$1,274$803$357
36 years$4,336$2,879$1,859$1,173$728$314
37 years$4,172$2,735$1,740$1,081$660$277
38 years$4,017$2,599$1,630$997$598$244
39 years$3,871$2,471$1,527$919$542$215
40 years$3,732$2,351$1,431$848$492$189
41 years$3,601$2,238$1,342$782$446$167
42 years$3,476$2,132$1,259$722$405$147
43 years$3,357$2,031$1,181$666$367$130
44 years$3,244$1,936$1,109$615$334$114
45 years$3,136$1,846$1,041$568$303$101
46 years$3,033$1,761$978$525$275$89
47 years$2,935$1,681$919$485$250$78
48 years$2,841$1,604$863$448$227$69
49 years$2,751$1,532$811$414$206$61
50 years$2,665$1,464$763$383$187$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,730,000, adding $2,859 every year, while hoping to spend $59,047 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: 59/21/20 Blend
59$2,730,000$2,730,000$2,730,000$2,730,000
60$3,011,409$2,866,719$2,824,404$3,173,044
61$3,255,747$2,944,363$2,856,196$3,360,659
62$3,523,029$3,023,832$2,887,074$3,558,482
63$3,815,532$3,105,154$2,916,945$3,772,908
64$4,135,765$3,188,355$2,945,711$4,005,554
65$4,486,489$3,273,461$2,973,269$4,258,199
66$4,870,747$3,360,496$2,999,510$4,532,806
67$5,291,888$3,449,486$3,024,318$4,831,534
68$5,753,602$3,540,452$3,047,574$5,156,761
69$6,259,952$3,633,417$3,069,151$5,511,108
70$6,815,414$3,728,400$3,088,913$5,897,463
71$7,424,916$3,825,422$3,106,722$6,319,005
72$8,093,889$3,924,499$3,122,429$6,779,238
73$8,828,313$4,025,647$3,135,878$7,282,023
74$9,634,778$4,128,881$3,146,906$7,831,612
75$10,520,540$4,234,210$3,155,342$8,432,693
76$11,493,595$4,341,647$3,161,006$9,090,427
77$12,562,750$4,451,196$3,163,708$9,810,504
78$13,737,708$4,562,862$3,163,251$10,599,194
79$15,029,160$4,676,647$3,159,424$11,463,404
80$16,448,880$4,792,550$3,152,012$12,410,744
81$18,009,845$4,910,564$3,140,783$13,449,604
82$19,726,349$5,030,680$3,125,498$14,589,225
83$21,614,139$5,152,887$3,105,906$15,839,793
84$23,690,570$5,277,167$3,081,742$17,212,532
85$25,974,757$5,403,497$3,052,729$18,719,809
86$28,487,766$5,531,852$3,018,579$20,375,255
87$31,252,804$5,662,199$2,978,988$22,193,890
88$34,295,444$5,794,500$2,933,638$24,192,266
89$37,643,861$5,928,713$2,882,197$26,388,625
90$41,329,100$6,064,785$2,824,316$28,803,070
91$45,385,370$6,202,661$2,759,631$31,457,753
92$49,850,360$6,342,274$2,687,762$34,377,088
93$54,765,604$6,483,552$2,608,309$37,587,979
94$60,176,864$6,626,414$2,520,855$41,120,079
95$66,134,565$6,770,770$2,424,965$45,006,061
96$72,694,270$6,916,517$2,320,181$49,281,937
97$79,917,206$7,063,547$2,206,028$53,987,391
98$87,870,838$7,211,737$2,082,006$59,166,159
99$96,629,505$7,360,954$1,947,595$64,866,439
100$106,275,125$7,511,051$1,802,250$71,141,346