Can I retire at age 60 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$229,570$227,525$225,530$223,583$221,681$212,886
2 years$113,648$111,532$109,481$107,492$105,562$96,810
3 years$75,013$72,887$70,841$68,871$66,973$58,540
4 years$55,699$53,580$51,554$49,618$47,766$39,715
5 years$44,114$42,007$40,008$38,111$36,311$28,664
6 years$36,393$34,302$32,333$30,478$28,732$21,493
7 years$30,880$28,807$26,869$25,057$23,366$16,533
8 years$26,747$24,693$22,787$21,020$19,385$12,951
9 years$23,534$21,500$19,626$17,904$16,325$10,280
10 years$20,966$18,951$17,110$15,434$13,909$8,242
11 years$18,866$16,871$15,064$13,432$11,963$6,659
12 years$17,117$15,142$13,369$11,782$10,367$5,412
13 years$15,638$13,684$11,944$10,401$9,040$4,420
14 years$14,372$12,439$10,732$9,233$7,924$3,624
15 years$13,275$11,363$9,689$8,234$6,977$2,980
16 years$12,316$10,425$8,785$7,373$6,166$2,457
17 years$11,472$9,601$7,994$6,625$5,468$2,030
18 years$10,721$8,872$7,297$5,970$4,862$1,679
19 years$10,051$8,222$6,680$5,395$4,333$1,391
20 years$9,448$7,641$6,131$4,886$3,870$1,154
21 years$8,904$7,117$5,639$4,434$3,464$958
22 years$8,409$6,643$5,197$4,032$3,105$796
23 years$7,959$6,213$4,799$3,672$2,787$662
24 years$7,546$5,822$4,438$3,349$2,505$551
25 years$7,167$5,463$4,111$3,058$2,254$458
26 years$6,818$5,135$3,812$2,796$2,030$382
27 years$6,495$4,832$3,540$2,560$1,831$318
28 years$6,196$4,553$3,291$2,345$1,652$265
29 years$5,918$4,296$3,063$2,151$1,491$221
30 years$5,659$4,057$2,853$1,974$1,348$184
31 years$5,417$3,835$2,659$1,813$1,218$153
32 years$5,191$3,629$2,481$1,666$1,102$128
33 years$4,979$3,436$2,317$1,532$997$106
34 years$4,779$3,257$2,165$1,409$903$89
35 years$4,592$3,089$2,024$1,298$818$74
36 years$4,415$2,932$1,893$1,195$741$62
37 years$4,249$2,785$1,772$1,101$672$51
38 years$4,091$2,647$1,659$1,015$609$43
39 years$3,942$2,517$1,555$936$552$36
40 years$3,801$2,394$1,457$863$501$30
41 years$3,667$2,279$1,366$796$454$25
42 years$3,539$2,171$1,282$735$412$21
43 years$3,418$2,068$1,203$678$374$17
44 years$3,303$1,971$1,129$626$340$14
45 years$3,193$1,880$1,060$578$308$12
46 years$3,088$1,793$996$534$280$10
47 years$2,989$1,711$935$494$254$8
48 years$2,893$1,634$879$456$231$7
49 years$2,802$1,560$826$422$210$6
50 years$2,714$1,490$777$390$190$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,780,000, adding $6,964 every year, while hoping to spend $59,947 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: 45/44/11 Blend
59$2,780,000$2,780,000$2,780,000$2,780,000
60$3,070,743$2,923,403$2,880,313$3,199,045
61$3,320,176$3,002,867$2,913,021$3,368,183
62$3,593,042$3,084,215$2,944,815$3,544,802
63$3,891,667$3,167,477$2,975,601$3,734,968
64$4,218,615$3,252,681$3,005,281$3,939,954
65$4,576,706$3,339,855$3,033,751$4,161,161
66$4,969,048$3,429,025$3,060,899$4,400,129
67$5,399,062$3,520,219$3,086,611$4,658,555
68$5,870,518$3,613,462$3,110,764$4,938,305
69$6,387,566$3,708,776$3,133,230$5,241,434
70$6,954,778$3,806,187$3,153,873$5,570,205
71$7,577,190$3,905,714$3,172,552$5,927,109
72$8,260,348$4,007,379$3,189,117$6,314,890
73$9,010,362$4,111,199$3,203,411$6,736,567
74$9,833,962$4,217,191$3,215,269$7,195,468
75$10,738,563$4,325,370$3,224,517$7,695,255
76$11,732,331$4,435,748$3,230,973$8,239,966
77$12,824,265$4,548,335$3,234,446$8,834,044
78$14,024,275$4,663,139$3,234,736$9,482,386
79$15,343,283$4,780,164$3,231,631$10,190,385
80$16,793,318$4,899,413$3,224,911$10,963,983
81$18,387,635$5,020,882$3,214,344$11,809,727
82$20,140,836$5,144,568$3,199,687$12,734,827
83$22,069,010$5,270,461$3,180,685$13,747,230
84$24,189,883$5,398,547$3,157,072$14,855,688
85$26,522,984$5,528,809$3,128,567$16,069,849
86$29,089,833$5,661,225$3,094,879$17,400,338
87$31,914,137$5,795,767$3,055,698$18,858,865
88$35,022,021$5,932,401$3,010,706$20,458,335
89$38,442,266$6,071,088$2,959,564$22,212,963
90$42,206,589$6,211,783$2,901,921$24,138,418
91$46,349,934$6,354,433$2,837,409$26,251,961
92$50,910,806$6,498,979$2,765,640$28,572,618
93$55,931,632$6,645,353$2,686,213$31,121,350
94$61,459,161$6,793,478$2,598,704$33,921,258
95$67,544,908$6,943,270$2,502,673$36,997,798
96$74,245,633$7,094,635$2,397,657$40,379,023
97$81,623,884$7,247,468$2,283,174$44,095,847
98$89,748,579$7,401,654$2,158,720$48,182,338
99$98,695,664$7,557,065$2,023,767$52,676,037
100$108,548,823$7,713,562$1,877,764$57,618,317