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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$225,441$223,433$221,474$219,561$217,694$215,510
2 years$111,604$109,526$107,511$105,558$103,664$101,464
3 years$73,664$71,576$69,567$67,632$65,769$63,622
4 years$54,697$52,616$50,627$48,725$46,907$44,829
5 years$43,320$41,252$39,289$37,426$35,658$33,655
6 years$35,738$33,685$31,751$29,930$28,215$26,290
7 years$30,324$28,289$26,385$24,607$22,946$21,099
8 years$26,266$24,249$22,377$20,642$19,036$17,268
9 years$23,111$21,113$19,273$17,582$16,031$14,340
10 years$20,589$18,610$16,803$15,156$13,659$12,045
11 years$18,526$16,567$14,793$13,190$11,747$10,209
12 years$16,809$14,870$13,128$11,570$10,180$8,715
13 years$15,357$13,438$11,729$10,214$8,877$7,484
14 years$14,113$12,215$10,539$9,067$7,782$6,459
15 years$13,036$11,158$9,515$8,086$6,852$5,597
16 years$12,095$10,238$8,627$7,240$6,056$4,867
17 years$11,265$9,429$7,850$6,505$5,369$4,245
18 years$10,529$8,712$7,166$5,863$4,774$3,712
19 years$9,870$8,075$6,560$5,297$4,255$3,252
20 years$9,278$7,503$6,021$4,798$3,801$2,855
21 years$8,744$6,989$5,538$4,354$3,401$2,511
22 years$8,258$6,524$5,104$3,959$3,049$2,211
23 years$7,816$6,102$4,713$3,606$2,737$1,949
24 years$7,410$5,717$4,358$3,289$2,460$1,720
25 years$7,038$5,365$4,037$3,003$2,214$1,520
26 years$6,695$5,042$3,744$2,746$1,994$1,344
27 years$6,378$4,745$3,477$2,514$1,798$1,189
28 years$6,085$4,472$3,232$2,303$1,622$1,052
29 years$5,811$4,218$3,008$2,112$1,465$932
30 years$5,557$3,984$2,801$1,938$1,323$826
31 years$5,320$3,766$2,612$1,780$1,196$733
32 years$5,097$3,563$2,437$1,636$1,082$650
33 years$4,889$3,375$2,275$1,504$979$577
34 years$4,693$3,198$2,126$1,384$887$512
35 years$4,509$3,034$1,987$1,274$803$454
36 years$4,336$2,879$1,859$1,173$728$403
37 years$4,172$2,735$1,740$1,081$660$358
38 years$4,017$2,599$1,630$997$598$318
39 years$3,871$2,471$1,527$919$542$283
40 years$3,732$2,351$1,431$848$492$251
41 years$3,601$2,238$1,342$782$446$223
42 years$3,476$2,132$1,259$722$405$199
43 years$3,357$2,031$1,181$666$367$177
44 years$3,244$1,936$1,109$615$334$157
45 years$3,136$1,846$1,041$568$303$140
46 years$3,033$1,761$978$525$275$124
47 years$2,935$1,681$919$485$250$110
48 years$2,841$1,604$863$448$227$98
49 years$2,751$1,532$811$414$206$87
50 years$2,665$1,464$763$383$187$78

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 $5,366 every year, while hoping to spend $38,207 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: 50/27/23 Blend
59$2,730,000$2,730,000$2,730,000$2,730,000
60$3,013,995$2,869,305$2,826,990$3,144,976
61$3,280,771$2,969,249$2,881,042$3,336,447
62$3,573,477$3,072,810$2,935,625$3,540,127
63$3,894,718$3,180,124$2,990,715$3,760,715
64$4,247,363$3,291,334$3,046,288$3,999,829
65$4,634,573$3,406,588$3,102,317$4,259,245
66$5,059,829$3,526,040$3,158,774$4,540,917
67$5,526,965$3,649,850$3,215,627$4,846,998
68$6,040,207$3,778,184$3,272,841$5,179,853
69$6,604,208$3,911,215$3,330,382$5,542,088
70$7,224,096$4,049,124$3,388,209$5,936,571
71$7,905,521$4,192,097$3,446,280$6,366,455
72$8,654,704$4,340,330$3,504,551$6,835,216
73$9,478,503$4,494,026$3,562,972$7,346,677
74$10,384,471$4,653,394$3,621,493$7,905,048
75$11,380,932$4,818,655$3,680,058$8,514,963
76$12,477,055$4,990,037$3,738,607$9,181,527
77$13,682,943$5,167,777$3,797,079$9,910,359
78$15,009,729$5,352,124$3,855,407$10,707,647
79$16,469,677$5,543,334$3,913,519$11,580,204
80$18,076,302$5,741,676$3,971,340$12,535,536
81$19,844,495$5,947,427$4,028,790$13,581,908
82$21,790,662$6,160,880$4,085,783$14,728,421
83$23,932,882$6,382,336$4,142,229$15,985,101
84$26,291,075$6,612,109$4,198,033$17,362,991
85$28,887,190$6,850,528$4,253,093$18,874,254
86$31,745,414$7,097,934$4,307,302$20,532,288
87$34,892,396$7,354,683$4,360,546$22,351,850
88$38,357,502$7,621,144$4,412,706$24,349,198
89$42,173,090$7,897,703$4,463,655$26,542,241
90$46,374,817$8,184,762$4,513,258$28,950,707
91$51,001,972$8,482,739$4,561,376$31,596,330
92$56,097,850$8,792,070$4,607,859$34,503,053
93$61,710,158$9,113,209$4,652,551$37,697,255
94$67,891,468$9,446,630$4,695,284$41,207,998
95$74,699,707$9,792,824$4,735,886$45,067,298
96$82,198,711$10,152,306$4,774,172$49,310,430
97$90,458,822$10,525,612$4,809,949$53,976,260
98$99,557,553$10,913,298$4,843,013$59,107,606
99$109,580,320$11,315,947$4,873,151$64,751,647
100$120,621,249$11,734,164$4,900,138$70,960,365