Can I retire at age 60 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$227,918$225,888$223,907$221,974$220,086$214,158
2 years$112,831$110,729$108,693$106,718$104,803$98,872
3 years$74,473$72,363$70,331$68,375$66,491$60,744
4 years$55,298$53,194$51,183$49,261$47,422$41,903
5 years$43,796$41,705$39,720$37,837$36,050$30,773
6 years$36,131$34,055$32,100$30,258$28,525$23,497
7 years$30,658$28,600$26,675$24,877$23,198$18,418
8 years$26,555$24,515$22,623$20,869$19,245$14,711
9 years$23,365$21,345$19,485$17,776$16,207$11,915
10 years$20,815$18,814$16,987$15,323$13,809$9,753
11 years$18,730$16,749$14,955$13,335$11,877$8,050
12 years$16,993$15,033$13,273$11,697$10,292$6,688
13 years$15,525$13,586$11,858$10,327$8,975$5,587
14 years$14,268$12,349$10,655$9,167$7,867$4,686
15 years$13,179$11,281$9,620$8,175$6,927$3,945
16 years$12,228$10,350$8,722$7,320$6,122$3,331
17 years$11,389$9,532$7,936$6,577$5,428$2,819
18 years$10,644$8,808$7,245$5,927$4,827$2,391
19 years$9,979$8,163$6,632$5,356$4,302$2,031
20 years$9,380$7,586$6,087$4,851$3,843$1,728
21 years$8,840$7,066$5,599$4,402$3,439$1,472
22 years$8,349$6,596$5,160$4,003$3,082$1,255
23 years$7,901$6,169$4,764$3,645$2,767$1,071
24 years$7,492$5,780$4,406$3,325$2,487$914
25 years$7,116$5,424$4,081$3,036$2,238$781
26 years$6,769$5,098$3,785$2,776$2,016$668
27 years$6,449$4,798$3,515$2,541$1,817$571
28 years$6,151$4,521$3,267$2,328$1,640$489
29 years$5,875$4,265$3,041$2,135$1,481$418
30 years$5,618$4,028$2,832$1,959$1,338$358
31 years$5,378$3,807$2,640$1,800$1,210$307
32 years$5,153$3,603$2,464$1,654$1,094$263
33 years$4,943$3,412$2,300$1,521$990$225
34 years$4,745$3,234$2,149$1,399$897$193
35 years$4,559$3,067$2,009$1,288$812$165
36 years$4,384$2,911$1,880$1,186$736$142
37 years$4,218$2,765$1,759$1,093$667$121
38 years$4,062$2,628$1,648$1,008$605$104
39 years$3,914$2,499$1,544$929$548$89
40 years$3,773$2,377$1,447$857$497$77
41 years$3,640$2,263$1,357$791$451$66
42 years$3,514$2,155$1,273$730$409$56
43 years$3,394$2,053$1,194$673$372$48
44 years$3,279$1,957$1,121$622$337$41
45 years$3,170$1,866$1,052$574$306$35
46 years$3,066$1,780$989$530$278$30
47 years$2,967$1,699$929$490$252$26
48 years$2,872$1,622$873$453$229$22
49 years$2,782$1,549$820$419$208$19
50 years$2,695$1,480$771$387$189$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,760,000, adding $4,405 every year, while hoping to spend $22,544 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: 24/46/30 Blend
59$2,760,000$2,760,000$2,760,000$2,760,000
60$3,046,064$2,899,784$2,857,004$3,090,439
61$3,332,776$3,017,887$2,928,727$3,247,124
62$3,647,977$3,141,021$3,002,097$3,412,697
63$3,994,549$3,269,409$3,077,146$3,589,624
64$4,375,667$3,403,285$3,153,904$3,778,868
65$4,794,830$3,542,891$3,232,405$3,981,480
66$5,255,893$3,688,482$3,312,681$4,198,614
67$5,763,101$3,840,325$3,394,763$4,431,531
68$6,321,135$3,998,699$3,478,685$4,681,613
69$6,935,149$4,163,894$3,564,480$4,950,375
70$7,610,825$4,336,215$3,652,180$5,239,476
71$8,354,420$4,515,981$3,741,819$5,550,736
72$9,172,832$4,703,525$3,833,431$5,886,151
73$10,073,660$4,899,196$3,927,050$6,247,907
74$11,065,275$5,103,359$4,022,708$6,638,408
75$12,156,904$5,316,394$4,120,440$7,060,287
76$13,358,713$5,538,703$4,220,280$7,516,436
77$14,681,904$5,770,701$4,322,261$8,010,029
78$16,138,819$6,012,826$4,426,417$8,544,554
79$17,743,059$6,265,535$4,532,783$9,123,837
80$19,509,611$6,529,306$4,641,391$9,752,084
81$21,454,989$6,804,640$4,752,276$10,433,915
82$23,597,391$7,092,061$4,865,470$11,174,405
83$25,956,869$7,392,115$4,981,007$11,979,134
84$28,555,519$7,705,378$5,098,920$12,854,230
85$31,417,689$8,032,449$5,219,240$13,806,435
86$34,570,209$8,373,955$5,342,002$14,843,157
87$38,042,647$8,730,555$5,467,234$15,972,543
88$41,867,580$9,102,935$5,594,970$17,203,551
89$46,080,911$9,491,817$5,725,240$18,546,034
90$50,722,202$9,897,953$5,858,073$20,010,827
91$55,835,046$10,322,133$5,993,498$21,609,850
92$61,467,485$10,765,182$6,131,544$23,356,217
93$67,672,456$11,227,964$6,272,239$25,264,354
94$74,508,297$11,711,384$6,415,609$27,350,134
95$82,039,290$12,216,388$6,561,679$29,631,025
96$90,336,275$12,743,969$6,710,473$32,126,248
97$99,477,316$13,295,165$6,862,015$34,856,958
98$109,548,436$13,871,061$7,016,325$37,846,436
99$120,644,429$14,472,796$7,173,425$41,120,310
100$132,869,758$15,101,560$7,333,332$44,706,789