Can I retire at age 60 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$228,744$226,706$224,719$222,778$220,884$216,335
2 years$113,240$111,131$109,087$107,105$105,183$100,621
3 years$74,743$72,625$70,586$68,623$66,732$62,300
4 years$55,499$53,387$51,369$49,439$47,594$43,324
5 years$43,955$41,856$39,864$37,974$36,180$32,086
6 years$36,262$34,179$32,216$30,368$28,628$24,713
7 years$30,769$28,703$26,772$24,967$23,282$19,548
8 years$26,651$24,604$22,705$20,944$19,315$15,760
9 years$23,450$21,422$19,556$17,840$16,266$12,888
10 years$20,890$18,883$17,049$15,378$13,859$10,655
11 years$18,798$16,810$15,010$13,384$11,920$8,885
12 years$17,055$15,088$13,321$11,739$10,329$7,459
13 years$15,582$13,635$11,901$10,364$9,007$6,298
14 years$14,320$12,394$10,693$9,200$7,896$5,341
15 years$13,227$11,322$9,655$8,205$6,952$4,547
16 years$12,272$10,388$8,753$7,347$6,144$3,883
17 years$11,430$9,567$7,965$6,601$5,448$3,324
18 years$10,683$8,840$7,271$5,949$4,844$2,853
19 years$10,015$8,193$6,656$5,375$4,318$2,452
20 years$9,414$7,613$6,109$4,868$3,857$2,112
21 years$8,872$7,091$5,619$4,418$3,451$1,821
22 years$8,379$6,620$5,179$4,017$3,093$1,572
23 years$7,930$6,191$4,782$3,659$2,777$1,358
24 years$7,519$5,801$4,422$3,337$2,496$1,175
25 years$7,141$5,444$4,096$3,047$2,246$1,017
26 years$6,794$5,116$3,799$2,786$2,023$880
27 years$6,472$4,815$3,527$2,550$1,824$763
28 years$6,174$4,537$3,279$2,337$1,646$661
29 years$5,897$4,280$3,052$2,143$1,486$574
30 years$5,639$4,042$2,842$1,967$1,343$498
31 years$5,398$3,821$2,650$1,806$1,214$432
32 years$5,172$3,616$2,472$1,660$1,098$375
33 years$4,961$3,424$2,309$1,526$994$325
34 years$4,762$3,245$2,157$1,404$900$283
35 years$4,575$3,078$2,017$1,293$815$246
36 years$4,399$2,922$1,886$1,191$738$213
37 years$4,233$2,775$1,766$1,097$669$185
38 years$4,076$2,637$1,654$1,011$607$161
39 years$3,928$2,508$1,549$932$550$140
40 years$3,787$2,386$1,452$860$499$122
41 years$3,653$2,271$1,362$793$453$106
42 years$3,527$2,163$1,277$732$411$92
43 years$3,406$2,061$1,198$676$373$80
44 years$3,291$1,964$1,125$624$338$69
45 years$3,182$1,873$1,056$576$307$60
46 years$3,077$1,787$992$532$279$52
47 years$2,978$1,705$932$492$253$46
48 years$2,883$1,628$876$455$230$40
49 years$2,792$1,555$823$420$209$34
50 years$2,704$1,485$774$388$190$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,770,000, adding $6,971 every year, while hoping to spend $40,215 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: 78/7/15 Blend
59$2,770,000$2,770,000$2,770,000$2,770,000
60$3,059,731$2,912,921$2,869,986$3,288,204
61$3,329,035$3,012,865$2,923,342$3,539,697
62$3,624,460$3,116,359$2,977,137$3,809,690
63$3,948,628$3,223,534$3,031,345$4,104,728
64$4,304,428$3,334,527$3,085,934$4,427,298
65$4,695,039$3,449,479$3,140,873$4,780,141
66$5,123,968$3,568,537$3,196,127$5,166,273
67$5,595,073$3,691,856$3,251,657$5,589,018
68$6,112,607$3,819,594$3,307,424$6,052,038
69$6,681,255$3,951,916$3,363,385$6,559,364
70$7,306,178$4,088,995$3,419,493$7,115,438
71$7,993,061$4,231,008$3,475,699$7,725,154
72$8,748,168$4,378,143$3,531,950$8,393,900
73$9,578,400$4,530,591$3,588,190$9,127,614
74$10,491,361$4,688,554$3,644,358$9,932,837
75$11,495,426$4,852,239$3,700,390$10,816,775
76$12,599,825$5,021,865$3,756,219$11,787,366
77$13,814,727$5,197,656$3,811,772$12,853,356
78$15,151,335$5,379,847$3,866,972$14,024,382
79$16,621,993$5,568,681$3,921,738$15,311,058
80$18,240,303$5,764,414$3,975,983$16,725,082
81$20,021,251$5,967,307$4,029,616$18,279,340
82$21,981,349$6,177,636$4,082,538$19,988,031
83$24,138,793$6,395,685$4,134,649$21,866,801
84$26,513,629$6,621,753$4,185,839$23,932,885
85$29,127,947$6,856,147$4,235,993$26,205,277
86$32,006,089$7,099,189$4,284,990$28,704,905
87$35,174,874$7,351,214$4,332,701$31,454,826
88$38,663,857$7,612,569$4,378,992$34,480,450
89$42,505,602$7,883,617$4,423,720$37,809,771
90$46,735,993$8,164,734$4,466,735$41,473,640
91$51,394,571$8,456,312$4,507,877$45,506,047
92$56,524,906$8,758,761$4,546,980$49,944,450
93$62,175,011$9,072,504$4,583,867$54,830,120
94$68,397,789$9,397,984$4,618,354$60,208,538
95$75,251,541$9,735,662$4,650,246$66,129,819
96$82,800,506$10,086,017$4,679,337$72,649,184
97$91,115,474$10,449,549$4,705,412$79,827,486
98$100,274,453$10,826,778$4,728,244$87,731,780
99$110,363,402$11,218,244$4,747,594$96,435,955
100$121,477,043$11,624,513$4,763,213$106,021,436