Can I retire at age 60 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$227,092$225,070$223,096$221,170$219,289$211,508
2 years$112,422$110,328$108,299$106,332$104,423$96,667
3 years$74,204$72,101$70,077$68,128$66,250$58,763
4 years$55,098$53,002$50,998$49,082$47,250$40,089
5 years$43,638$41,554$39,576$37,700$35,919$29,102
6 years$36,000$33,932$31,984$30,149$28,421$21,954
7 years$30,547$28,496$26,579$24,787$23,114$16,995
8 years$26,458$24,426$22,541$20,793$19,175$13,399
9 years$23,280$21,268$19,414$17,711$16,149$10,708
10 years$20,740$18,746$16,926$15,267$13,759$8,645
11 years$18,662$16,689$14,901$13,287$11,834$7,035
12 years$16,932$14,979$13,224$11,655$10,255$5,760
13 years$15,469$13,537$11,815$10,289$8,942$4,740
14 years$14,216$12,304$10,616$9,134$7,839$3,916
15 years$13,132$11,240$9,585$8,146$6,902$3,246
16 years$12,184$10,313$8,690$7,293$6,100$2,697
17 years$11,348$9,498$7,908$6,553$5,409$2,246
18 years$10,606$8,776$7,219$5,906$4,809$1,874
19 years$9,943$8,134$6,608$5,336$4,286$1,566
20 years$9,346$7,558$6,065$4,833$3,829$1,310
21 years$8,808$7,040$5,578$4,386$3,426$1,097
22 years$8,319$6,572$5,141$3,988$3,071$919
23 years$7,873$6,146$4,747$3,632$2,757$771
24 years$7,465$5,759$4,390$3,313$2,478$647
25 years$7,090$5,404$4,066$3,025$2,230$543
26 years$6,744$5,079$3,771$2,766$2,008$456
27 years$6,425$4,780$3,502$2,532$1,811$383
28 years$6,129$4,504$3,256$2,320$1,634$322
29 years$5,854$4,249$3,030$2,127$1,475$271
30 years$5,598$4,013$2,822$1,952$1,333$228
31 years$5,359$3,794$2,631$1,793$1,205$192
32 years$5,135$3,590$2,455$1,648$1,090$161
33 years$4,925$3,399$2,292$1,515$987$136
34 years$4,728$3,222$2,141$1,394$893$114
35 years$4,542$3,056$2,002$1,284$809$96
36 years$4,368$2,900$1,873$1,182$733$81
37 years$4,203$2,755$1,753$1,089$664$68
38 years$4,047$2,618$1,642$1,004$602$57
39 years$3,899$2,489$1,538$926$546$48
40 years$3,760$2,369$1,442$854$495$40
41 years$3,627$2,255$1,352$788$449$34
42 years$3,501$2,147$1,268$727$408$29
43 years$3,381$2,046$1,190$671$370$24
44 years$3,267$1,950$1,117$620$336$20
45 years$3,159$1,860$1,049$572$305$17
46 years$3,055$1,774$985$529$277$14
47 years$2,956$1,693$925$488$251$12
48 years$2,862$1,616$870$451$228$10
49 years$2,771$1,543$817$417$207$9
50 years$2,685$1,474$768$385$188$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,750,000, adding $6,267 every year, while hoping to spend $42,499 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: 71/18/11 Blend
59$2,750,000$2,750,000$2,750,000$2,750,000
60$3,036,964$2,891,214$2,848,589$3,245,394
61$3,301,516$2,987,665$2,898,799$3,480,693
62$3,591,628$3,087,418$2,949,265$3,732,376
63$3,909,862$3,190,589$2,999,953$4,006,737
64$4,259,040$3,297,300$3,050,824$4,306,002
65$4,642,271$3,407,677$3,101,836$4,632,623
66$5,062,979$3,521,849$3,152,944$4,989,298
67$5,524,936$3,639,953$3,204,100$5,379,000
68$6,032,297$3,762,128$3,255,255$5,805,000
69$6,589,638$3,888,520$3,306,354$6,270,900
70$7,202,004$4,019,280$3,357,339$6,780,668
71$7,874,947$4,154,564$3,408,149$7,338,673
72$8,614,589$4,294,534$3,458,719$7,949,726
73$9,427,670$4,439,360$3,508,979$8,619,127
74$10,321,619$4,589,215$3,558,857$9,352,713
75$11,304,619$4,744,282$3,608,273$10,156,910
76$12,385,687$4,904,748$3,657,147$11,038,801
77$13,574,755$5,070,808$3,705,389$12,006,184
78$14,882,768$5,242,666$3,752,908$13,067,651
79$16,321,786$5,420,532$3,799,606$14,232,666
80$17,905,094$5,604,624$3,845,378$15,511,653
81$19,647,332$5,795,169$3,890,117$16,916,098
82$21,564,629$5,992,402$3,933,705$18,458,651
83$23,674,759$6,196,567$3,976,022$20,153,252
84$25,997,304$6,407,919$4,016,938$22,015,256
85$28,553,842$6,626,720$4,056,319$24,061,580
86$31,368,148$6,853,243$4,094,020$26,310,863
87$34,466,421$7,087,774$4,129,891$28,783,638
88$37,877,527$7,330,606$4,163,773$31,502,530
89$41,633,275$7,582,046$4,195,500$34,492,466
90$45,768,715$7,842,412$4,224,896$37,780,909
91$50,322,469$8,112,035$4,251,774$41,398,120
92$55,337,093$8,391,258$4,275,942$45,377,440
93$60,859,485$8,680,437$4,297,193$49,755,605
94$66,941,317$8,979,943$4,315,314$54,573,091
95$73,639,532$9,290,162$4,330,078$59,874,499
96$81,016,877$9,611,492$4,341,248$65,708,972
97$89,142,493$9,944,350$4,348,575$72,130,658
98$98,092,572$10,289,168$4,351,797$79,199,223
99$107,951,072$10,646,394$4,350,640$86,980,412
100$118,810,510$11,016,496$4,344,815$95,546,667