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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$227,092$225,070$223,096$221,170$219,289$217,724
2 years$112,422$110,328$108,299$106,332$104,423$102,846
3 years$74,204$72,101$70,077$68,128$66,250$64,709
4 years$55,098$53,002$50,998$49,082$47,250$45,756
5 years$43,638$41,554$39,576$37,700$35,919$34,477
6 years$36,000$33,932$31,984$30,149$28,421$27,033
7 years$30,547$28,496$26,579$24,787$23,114$21,781
8 years$26,458$24,426$22,541$20,793$19,175$17,896
9 years$23,280$21,268$19,414$17,711$16,149$14,924
10 years$20,740$18,746$16,926$15,267$13,759$12,588
11 years$18,662$16,689$14,901$13,287$11,834$10,715
12 years$16,932$14,979$13,224$11,655$10,255$9,188
13 years$15,469$13,537$11,815$10,289$8,942$7,926
14 years$14,216$12,304$10,616$9,134$7,839$6,872
15 years$13,132$11,240$9,585$8,146$6,902$5,983
16 years$12,184$10,313$8,690$7,293$6,100$5,228
17 years$11,348$9,498$7,908$6,553$5,409$4,582
18 years$10,606$8,776$7,219$5,906$4,809$4,026
19 years$9,943$8,134$6,608$5,336$4,286$3,545
20 years$9,346$7,558$6,065$4,833$3,829$3,129
21 years$8,808$7,040$5,578$4,386$3,426$2,765
22 years$8,319$6,572$5,141$3,988$3,071$2,448
23 years$7,873$6,146$4,747$3,632$2,757$2,170
24 years$7,465$5,759$4,390$3,313$2,478$1,925
25 years$7,090$5,404$4,066$3,025$2,230$1,710
26 years$6,744$5,079$3,771$2,766$2,008$1,520
27 years$6,425$4,780$3,502$2,532$1,811$1,352
28 years$6,129$4,504$3,256$2,320$1,634$1,204
29 years$5,854$4,249$3,030$2,127$1,475$1,073
30 years$5,598$4,013$2,822$1,952$1,333$956
31 years$5,359$3,794$2,631$1,793$1,205$853
32 years$5,135$3,590$2,455$1,648$1,090$761
33 years$4,925$3,399$2,292$1,515$987$679
34 years$4,728$3,222$2,141$1,394$893$606
35 years$4,542$3,056$2,002$1,284$809$541
36 years$4,368$2,900$1,873$1,182$733$483
37 years$4,203$2,755$1,753$1,089$664$432
38 years$4,047$2,618$1,642$1,004$602$386
39 years$3,899$2,489$1,538$926$546$345
40 years$3,760$2,369$1,442$854$495$308
41 years$3,627$2,255$1,352$788$449$276
42 years$3,501$2,147$1,268$727$408$247
43 years$3,381$2,046$1,190$671$370$221
44 years$3,267$1,950$1,117$620$336$197
45 years$3,159$1,860$1,049$572$305$176
46 years$3,055$1,774$985$529$277$158
47 years$2,956$1,693$925$488$251$141
48 years$2,862$1,616$870$451$228$126
49 years$2,771$1,543$817$417$207$113
50 years$2,685$1,474$768$385$188$101

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 $6,789 every year, while hoping to spend $36,622 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: 53/36/11 Blend
59$2,750,000$2,750,000$2,750,000$2,750,000
60$3,037,503$2,891,753$2,849,128$3,189,501
61$3,308,363$2,994,483$2,905,608$3,396,380
62$3,605,623$3,101,020$2,962,753$3,616,820
63$3,931,937$3,211,511$3,020,546$3,855,798
64$4,290,230$3,326,110$3,078,970$4,115,080
65$4,683,721$3,444,977$3,138,003$4,396,605
66$5,115,959$3,568,280$3,197,624$4,702,504
67$5,590,852$3,696,190$3,257,810$5,035,125
68$6,112,706$3,828,890$3,318,533$5,397,046
69$6,686,263$3,966,568$3,379,766$5,791,107
70$7,316,751$4,109,418$3,441,477$6,220,429
71$8,009,925$4,257,645$3,503,632$6,688,450
72$8,772,130$4,411,462$3,566,196$7,198,949
73$9,610,353$4,571,090$3,629,129$7,756,088
74$10,532,294$4,736,758$3,692,390$8,364,446
75$11,546,436$4,908,707$3,755,933$9,029,063
76$12,662,125$5,087,187$3,819,710$9,755,487
77$13,889,661$5,272,458$3,883,669$10,549,826
78$15,240,389$5,464,791$3,947,755$11,418,803
79$16,726,812$5,664,469$4,011,908$12,369,819
80$18,362,705$5,871,786$4,076,065$13,411,026
81$20,163,246$6,087,050$4,140,159$14,551,395
82$22,145,161$6,310,578$4,204,117$15,800,808
83$24,326,876$6,542,706$4,267,864$17,170,146
84$26,728,698$6,783,779$4,331,318$18,671,390
85$29,373,001$7,034,160$4,394,393$20,317,735
86$32,284,439$7,294,226$4,456,997$22,123,713
87$35,490,179$7,564,369$4,519,034$24,105,328
88$39,020,155$7,845,001$4,580,399$26,280,207
89$42,907,353$8,136,548$4,640,984$28,667,765
90$47,188,120$8,439,456$4,700,674$31,289,386
91$51,902,508$8,754,190$4,759,347$34,168,625
92$57,094,652$9,081,233$4,816,873$37,331,428
93$62,813,183$9,421,090$4,873,115$40,806,373
94$69,111,694$9,774,290$4,927,931$44,624,945
95$76,049,237$10,141,381$4,981,167$48,821,824
96$83,690,887$10,522,935$5,032,663$53,435,216
97$92,108,350$10,919,552$5,082,250$58,507,210
98$101,380,646$11,331,854$5,129,750$64,084,171
99$111,594,849$11,760,492$5,174,974$70,217,182
100$122,846,913$12,206,145$5,217,724$76,962,520