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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$227,918$225,888$223,907$221,974$220,086$214,331
2 years$112,831$110,729$108,693$106,718$104,803$99,044
3 years$74,473$72,363$70,331$68,375$66,491$60,909
4 years$55,298$53,194$51,183$49,261$47,422$42,059
5 years$43,796$41,705$39,720$37,837$36,050$30,920
6 years$36,131$34,055$32,100$30,258$28,525$23,635
7 years$30,658$28,600$26,675$24,877$23,198$18,548
8 years$26,555$24,515$22,623$20,869$19,245$14,832
9 years$23,365$21,345$19,485$17,776$16,207$12,027
10 years$20,815$18,814$16,987$15,323$13,809$9,857
11 years$18,730$16,749$14,955$13,335$11,877$8,147
12 years$16,993$15,033$13,273$11,697$10,292$6,777
13 years$15,525$13,586$11,858$10,327$8,975$5,669
14 years$14,268$12,349$10,655$9,167$7,867$4,762
15 years$13,179$11,281$9,620$8,175$6,927$4,014
16 years$12,228$10,350$8,722$7,320$6,122$3,394
17 years$11,389$9,532$7,936$6,577$5,428$2,877
18 years$10,644$8,808$7,245$5,927$4,827$2,443
19 years$9,979$8,163$6,632$5,356$4,302$2,079
20 years$9,380$7,586$6,087$4,851$3,843$1,771
21 years$8,840$7,066$5,599$4,402$3,439$1,511
22 years$8,349$6,596$5,160$4,003$3,082$1,290
23 years$7,901$6,169$4,764$3,645$2,767$1,103
24 years$7,492$5,780$4,406$3,325$2,487$943
25 years$7,116$5,424$4,081$3,036$2,238$807
26 years$6,769$5,098$3,785$2,776$2,016$691
27 years$6,449$4,798$3,515$2,541$1,817$592
28 years$6,151$4,521$3,267$2,328$1,640$508
29 years$5,875$4,265$3,041$2,135$1,481$435
30 years$5,618$4,028$2,832$1,959$1,338$373
31 years$5,378$3,807$2,640$1,800$1,210$320
32 years$5,153$3,603$2,464$1,654$1,094$275
33 years$4,943$3,412$2,300$1,521$990$236
34 years$4,745$3,234$2,149$1,399$897$202
35 years$4,559$3,067$2,009$1,288$812$174
36 years$4,384$2,911$1,880$1,186$736$149
37 years$4,218$2,765$1,759$1,093$667$128
38 years$4,062$2,628$1,648$1,008$605$110
39 years$3,914$2,499$1,544$929$548$94
40 years$3,773$2,377$1,447$857$497$81
41 years$3,640$2,263$1,357$791$451$70
42 years$3,514$2,155$1,273$730$409$60
43 years$3,394$2,053$1,194$673$372$51
44 years$3,279$1,957$1,121$622$337$44
45 years$3,170$1,866$1,052$574$306$38
46 years$3,066$1,780$989$530$278$33
47 years$2,967$1,699$929$490$252$28
48 years$2,872$1,622$873$453$229$24
49 years$2,782$1,549$820$419$208$21
50 years$2,695$1,480$771$387$189$18

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 $5,028 every year, while hoping to spend $21,944 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: 47/29/24 Blend
59$2,760,000$2,760,000$2,760,000$2,760,000
60$3,046,706$2,900,426$2,857,646$3,168,796
61$3,334,122$3,019,199$2,930,029$3,373,749
62$3,650,119$3,143,056$3,004,102$3,593,519
63$3,997,589$3,272,223$3,079,897$3,831,635
64$4,379,718$3,406,938$3,157,448$4,089,828
65$4,800,017$3,547,445$3,236,791$4,369,998
66$5,262,354$3,694,006$3,317,959$4,674,237
67$5,770,991$3,846,888$3,400,987$5,004,844
68$6,330,622$4,006,376$3,485,910$5,364,344
69$6,946,423$4,172,766$3,572,765$5,755,516
70$7,624,092$4,346,365$3,661,587$6,181,416
71$8,369,911$4,527,499$3,752,412$6,645,405
72$9,190,801$4,716,506$3,845,277$7,151,179
73$10,094,387$4,913,739$3,940,218$7,702,805
74$11,089,072$5,119,570$4,037,273$8,304,756
75$12,184,115$5,334,385$4,136,478$8,961,956
76$13,389,716$5,558,592$4,237,872$9,679,820
77$14,717,117$5,792,613$4,341,491$10,464,310
78$16,178,705$6,036,893$4,447,373$11,321,985
79$17,788,129$6,291,897$4,555,556$12,260,066
80$19,560,430$6,558,111$4,666,078$13,286,500
81$21,512,178$6,836,044$4,778,977$14,410,035
82$23,661,638$7,126,227$4,894,290$15,640,302
83$26,028,932$7,429,219$5,012,056$16,987,901
84$28,636,235$7,745,603$5,132,311$18,464,504
85$31,507,982$8,075,988$5,255,095$20,082,964
86$34,671,099$8,421,015$5,380,443$21,857,429
87$38,155,257$8,781,350$5,508,394$23,803,481
88$41,993,151$9,157,695$5,638,983$25,938,275
89$46,220,812$9,550,781$5,772,249$28,280,704
90$50,877,941$9,961,376$5,908,225$30,851,576
91$56,008,290$10,390,282$6,046,950$33,673,802
92$61,660,069$10,838,339$6,188,456$36,772,619
93$67,886,407$11,306,428$6,332,780$40,175,818
94$74,745,846$11,795,469$6,479,954$43,914,012
95$82,302,902$12,306,427$6,630,012$48,020,916
96$90,628,666$12,840,310$6,782,986$52,533,666
97$99,801,481$13,398,176$6,938,906$57,493,170
98$109,907,676$13,981,131$7,097,804$62,944,484
99$121,042,387$14,590,334$7,259,708$68,937,243
100$133,310,448$15,226,997$7,424,646$75,526,120