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%13.9%
1 years$227,918$225,888$223,907$221,974$220,086$216,529
2 years$112,831$110,729$108,693$106,718$104,803$101,229
3 years$74,473$72,363$70,331$68,375$66,491$63,012
4 years$55,298$53,194$51,183$49,261$47,422$44,064
5 years$43,796$41,705$39,720$37,837$36,050$32,822
6 years$36,131$34,055$32,100$30,258$28,525$25,432
7 years$30,658$28,600$26,675$24,877$23,198$20,241
8 years$26,555$24,515$22,623$20,869$19,245$16,423
9 years$23,365$21,345$19,485$17,776$16,207$13,519
10 years$20,815$18,814$16,987$15,323$13,809$11,252
11 years$18,730$16,749$14,955$13,335$11,877$9,448
12 years$16,993$15,033$13,273$11,697$10,292$7,989
13 years$15,525$13,586$11,858$10,327$8,975$6,794
14 years$14,268$12,349$10,655$9,167$7,867$5,805
15 years$13,179$11,281$9,620$8,175$6,927$4,979
16 years$12,228$10,350$8,722$7,320$6,122$4,285
17 years$11,389$9,532$7,936$6,577$5,428$3,698
18 years$10,644$8,808$7,245$5,927$4,827$3,199
19 years$9,979$8,163$6,632$5,356$4,302$2,772
20 years$9,380$7,586$6,087$4,851$3,843$2,407
21 years$8,840$7,066$5,599$4,402$3,439$2,093
22 years$8,349$6,596$5,160$4,003$3,082$1,822
23 years$7,901$6,169$4,764$3,645$2,767$1,588
24 years$7,492$5,780$4,406$3,325$2,487$1,385
25 years$7,116$5,424$4,081$3,036$2,238$1,209
26 years$6,769$5,098$3,785$2,776$2,016$1,057
27 years$6,449$4,798$3,515$2,541$1,817$924
28 years$6,151$4,521$3,267$2,328$1,640$808
29 years$5,875$4,265$3,041$2,135$1,481$707
30 years$5,618$4,028$2,832$1,959$1,338$619
31 years$5,378$3,807$2,640$1,800$1,210$542
32 years$5,153$3,603$2,464$1,654$1,094$475
33 years$4,943$3,412$2,300$1,521$990$416
34 years$4,745$3,234$2,149$1,399$897$365
35 years$4,559$3,067$2,009$1,288$812$320
36 years$4,384$2,911$1,880$1,186$736$280
37 years$4,218$2,765$1,759$1,093$667$246
38 years$4,062$2,628$1,648$1,008$605$216
39 years$3,914$2,499$1,544$929$548$189
40 years$3,773$2,377$1,447$857$497$166
41 years$3,640$2,263$1,357$791$451$146
42 years$3,514$2,155$1,273$730$409$128
43 years$3,394$2,053$1,194$673$372$112
44 years$3,279$1,957$1,121$622$337$98
45 years$3,170$1,866$1,052$574$306$86
46 years$3,066$1,780$989$530$278$76
47 years$2,967$1,699$929$490$252$67
48 years$2,872$1,622$873$453$229$58
49 years$2,782$1,549$820$419$208$51
50 years$2,695$1,480$771$387$189$45

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 $6,418 every year, while hoping to spend $58,489 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: 51/40/9 Blend
59$2,760,000$2,760,000$2,760,000$2,760,000
60$3,048,140$2,901,860$2,859,080$3,196,180
61$3,296,819$2,981,819$2,892,628$3,377,752
62$3,568,902$3,063,736$2,925,338$3,568,229
63$3,866,716$3,147,645$2,957,123$3,773,922
64$4,192,821$3,233,580$2,987,887$3,996,275
65$4,550,037$3,321,574$3,017,530$4,236,878
66$4,941,470$3,411,661$3,045,946$4,497,480
67$5,370,541$3,503,872$3,073,026$4,780,008
68$5,841,015$3,598,241$3,098,651$5,086,581
69$6,357,042$3,694,798$3,122,699$5,419,532
70$6,923,191$3,793,574$3,145,041$5,781,432
71$7,544,496$3,894,599$3,165,539$6,175,108
72$8,226,501$3,997,901$3,184,051$6,603,675
73$8,975,314$4,103,507$3,200,426$7,070,564
74$9,797,661$4,211,444$3,214,506$7,579,552
75$10,700,953$4,321,736$3,226,123$8,134,798
76$11,693,356$4,434,407$3,235,103$8,740,886
77$12,783,862$4,549,476$3,241,263$9,402,861
78$13,982,379$4,666,964$3,244,409$10,126,283
79$15,299,825$4,786,888$3,244,339$10,917,275
80$16,748,223$4,909,262$3,240,841$11,782,583
81$18,340,825$5,034,099$3,233,692$12,729,637
82$20,092,227$5,161,408$3,222,659$13,766,625
83$22,018,512$5,291,195$3,207,496$14,902,564
84$24,137,400$5,423,463$3,187,947$16,147,392
85$26,468,414$5,558,212$3,163,742$17,512,057
86$29,033,065$5,695,437$3,134,600$19,008,619
87$31,855,054$5,835,129$3,100,225$20,650,368
88$34,960,495$5,977,276$3,060,308$22,451,948
89$38,378,162$6,121,859$3,014,525$24,429,491
90$42,139,759$6,268,856$2,962,537$26,600,777
91$46,280,221$6,418,236$2,903,988$28,985,393
92$50,838,039$6,569,965$2,838,507$31,604,924
93$55,855,628$6,724,002$2,765,706$34,483,154
94$61,379,722$6,880,298$2,685,177$37,646,292
95$67,461,819$7,038,798$2,596,496$41,123,217
96$74,158,663$7,199,437$2,499,216$44,945,752
97$81,532,780$7,362,143$2,392,874$49,148,967
98$89,653,070$7,526,835$2,276,982$53,771,504
99$98,595,454$7,693,421$2,151,032$58,855,948
100$108,443,592$7,861,799$2,014,492$64,449,225