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

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$228,744$226,706$224,719$222,778$220,884$218,124
2 years$113,240$111,131$109,087$107,105$105,183$102,405
3 years$74,743$72,625$70,586$68,623$66,732$64,024
4 years$55,499$53,387$51,369$49,439$47,594$44,976
5 years$43,955$41,856$39,864$37,974$36,180$33,660
6 years$36,262$34,179$32,216$30,368$28,628$26,208
7 years$30,769$28,703$26,772$24,967$23,282$20,964
8 years$26,651$24,604$22,705$20,944$19,315$17,098
9 years$23,450$21,422$19,556$17,840$16,266$14,149
10 years$20,890$18,883$17,049$15,378$13,859$11,842
11 years$18,798$16,810$15,010$13,384$11,920$9,999
12 years$17,055$15,088$13,321$11,739$10,329$8,504
13 years$15,582$13,635$11,901$10,364$9,007$7,274
14 years$14,320$12,394$10,693$9,200$7,896$6,253
15 years$13,227$11,322$9,655$8,205$6,952$5,397
16 years$12,272$10,388$8,753$7,347$6,144$4,674
17 years$11,430$9,567$7,965$6,601$5,448$4,059
18 years$10,683$8,840$7,271$5,949$4,844$3,534
19 years$10,015$8,193$6,656$5,375$4,318$3,083
20 years$9,414$7,613$6,109$4,868$3,857$2,695
21 years$8,872$7,091$5,619$4,418$3,451$2,359
22 years$8,379$6,620$5,179$4,017$3,093$2,068
23 years$7,930$6,191$4,782$3,659$2,777$1,815
24 years$7,519$5,801$4,422$3,337$2,496$1,594
25 years$7,141$5,444$4,096$3,047$2,246$1,402
26 years$6,794$5,116$3,799$2,786$2,023$1,233
27 years$6,472$4,815$3,527$2,550$1,824$1,086
28 years$6,174$4,537$3,279$2,337$1,646$957
29 years$5,897$4,280$3,052$2,143$1,486$844
30 years$5,639$4,042$2,842$1,967$1,343$744
31 years$5,398$3,821$2,650$1,806$1,214$656
32 years$5,172$3,616$2,472$1,660$1,098$579
33 years$4,961$3,424$2,309$1,526$994$511
34 years$4,762$3,245$2,157$1,404$900$452
35 years$4,575$3,078$2,017$1,293$815$399
36 years$4,399$2,922$1,886$1,191$738$353
37 years$4,233$2,775$1,766$1,097$669$312
38 years$4,076$2,637$1,654$1,011$607$275
39 years$3,928$2,508$1,549$932$550$243
40 years$3,787$2,386$1,452$860$499$215
41 years$3,653$2,271$1,362$793$453$190
42 years$3,527$2,163$1,277$732$411$168
43 years$3,406$2,061$1,198$676$373$149
44 years$3,291$1,964$1,125$624$338$132
45 years$3,182$1,873$1,056$576$307$116
46 years$3,077$1,787$992$532$279$103
47 years$2,978$1,705$932$492$253$91
48 years$2,883$1,628$876$455$230$81
49 years$2,792$1,555$823$420$209$71
50 years$2,704$1,485$774$388$190$63

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 $6,069 every year, while hoping to spend $48,324 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: 66/24/10 Blend
59$2,770,000$2,770,000$2,770,000$2,770,000
60$3,058,800$2,911,990$2,869,055$3,253,850
61$3,319,381$3,003,261$2,913,752$3,475,728
62$3,604,922$3,097,385$2,958,327$3,711,845
63$3,917,918$3,194,450$3,002,724$3,968,656
64$4,261,116$3,294,549$3,046,886$4,248,177
65$4,637,542$3,397,774$3,090,749$4,552,628
66$5,050,530$3,504,224$3,134,248$4,884,449
67$5,503,752$3,613,999$3,177,313$5,246,330
68$6,001,252$3,727,202$3,219,870$5,641,230
69$6,547,484$3,843,939$3,261,840$6,072,409
70$7,147,356$3,964,321$3,303,141$6,543,455
71$7,806,274$4,088,461$3,343,684$7,058,319
72$8,530,194$4,216,474$3,383,376$7,621,353
73$9,325,675$4,348,483$3,422,121$8,237,349
74$10,199,945$4,484,610$3,459,813$8,911,584
75$11,160,966$4,624,983$3,496,344$9,649,870
76$12,217,512$4,769,734$3,531,599$10,458,609
77$13,379,247$4,918,999$3,565,456$11,344,852
78$14,656,818$5,072,918$3,597,786$12,316,366
79$16,061,957$5,231,635$3,628,456$13,381,707
80$17,607,590$5,395,299$3,657,323$14,550,297
81$19,307,958$5,564,062$3,684,237$15,832,519
82$21,178,752$5,738,084$3,709,041$17,239,808
83$23,237,260$5,917,525$3,731,570$18,784,763
84$25,502,532$6,102,556$3,751,649$20,481,263
85$27,995,557$6,293,347$3,769,095$22,344,599
86$30,739,461$6,490,078$3,783,717$24,391,616
87$33,759,726$6,692,932$3,795,311$26,640,874
88$37,084,430$6,902,098$3,803,667$29,112,821
89$40,744,513$7,117,772$3,808,560$31,829,984
90$44,774,064$7,340,153$3,809,758$34,817,186
91$49,210,649$7,569,451$3,807,015$38,101,775
92$54,095,658$7,805,877$3,800,073$41,713,884
93$59,474,702$8,049,652$3,788,662$45,686,713
94$65,398,039$8,301,003$3,772,500$50,056,845
95$71,921,050$8,560,162$3,751,290$54,864,586
96$79,104,759$8,827,372$3,724,719$60,154,351
97$87,016,410$9,102,879$3,692,463$65,975,077
98$95,730,103$9,386,940$3,654,180$72,380,686
99$105,327,491$9,679,817$3,609,512$79,430,597
100$115,898,549$9,981,782$3,558,085$87,190,280