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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$229,570$227,525$225,530$223,583$221,681$214,413
2 years$113,648$111,532$109,481$107,492$105,562$98,310
3 years$75,013$72,887$70,841$68,871$66,973$59,963
4 years$55,699$53,580$51,554$49,618$47,766$41,052
5 years$44,114$42,007$40,008$38,111$36,311$29,911
6 years$36,393$34,302$32,333$30,478$28,732$22,651
7 years$30,880$28,807$26,869$25,057$23,366$17,605
8 years$26,747$24,693$22,787$21,020$19,385$13,938
9 years$23,534$21,500$19,626$17,904$16,325$11,186
10 years$20,966$18,951$17,110$15,434$13,909$9,071
11 years$18,866$16,871$15,064$13,432$11,963$7,415
12 years$17,117$15,142$13,369$11,782$10,367$6,100
13 years$15,638$13,684$11,944$10,401$9,040$5,044
14 years$14,372$12,439$10,732$9,233$7,924$4,187
15 years$13,275$11,363$9,689$8,234$6,977$3,488
16 years$12,316$10,425$8,785$7,373$6,166$2,913
17 years$11,472$9,601$7,994$6,625$5,468$2,439
18 years$10,721$8,872$7,297$5,970$4,862$2,045
19 years$10,051$8,222$6,680$5,395$4,333$1,718
20 years$9,448$7,641$6,131$4,886$3,870$1,445
21 years$8,904$7,117$5,639$4,434$3,464$1,216
22 years$8,409$6,643$5,197$4,032$3,105$1,025
23 years$7,959$6,213$4,799$3,672$2,787$864
24 years$7,546$5,822$4,438$3,349$2,505$729
25 years$7,167$5,463$4,111$3,058$2,254$616
26 years$6,818$5,135$3,812$2,796$2,030$520
27 years$6,495$4,832$3,540$2,560$1,831$440
28 years$6,196$4,553$3,291$2,345$1,652$372
29 years$5,918$4,296$3,063$2,151$1,491$314
30 years$5,659$4,057$2,853$1,974$1,348$266
31 years$5,417$3,835$2,659$1,813$1,218$225
32 years$5,191$3,629$2,481$1,666$1,102$190
33 years$4,979$3,436$2,317$1,532$997$161
34 years$4,779$3,257$2,165$1,409$903$136
35 years$4,592$3,089$2,024$1,298$818$115
36 years$4,415$2,932$1,893$1,195$741$98
37 years$4,249$2,785$1,772$1,101$672$83
38 years$4,091$2,647$1,659$1,015$609$70
39 years$3,942$2,517$1,555$936$552$59
40 years$3,801$2,394$1,457$863$501$50
41 years$3,667$2,279$1,366$796$454$42
42 years$3,539$2,171$1,282$735$412$36
43 years$3,418$2,068$1,203$678$374$30
44 years$3,303$1,971$1,129$626$340$26
45 years$3,193$1,880$1,060$578$308$22
46 years$3,088$1,793$996$534$280$18
47 years$2,989$1,711$935$494$254$16
48 years$2,893$1,634$879$456$231$13
49 years$2,802$1,560$826$422$210$11
50 years$2,714$1,490$777$390$190$9

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 $2,358 every year, while hoping to spend $27,490 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: 56/30/14 Blend
59$2,780,000$2,780,000$2,780,000$2,780,000
60$3,065,992$2,918,652$2,875,562$3,226,464
61$3,349,474$3,032,417$2,942,644$3,449,338
62$3,660,950$3,150,835$3,011,053$3,688,791
63$4,003,246$3,274,105$3,080,802$3,948,987
64$4,379,476$3,402,435$3,151,908$4,231,914
65$4,793,070$3,536,042$3,224,384$4,539,762
66$5,247,808$3,675,153$3,298,246$4,874,934
67$5,747,853$3,820,004$3,373,506$5,240,079
68$6,297,793$3,970,843$3,450,177$5,638,105
69$6,902,682$4,127,928$3,528,272$6,072,216
70$7,568,089$4,291,530$3,607,803$6,545,935
71$8,300,150$4,461,931$3,688,779$7,063,139
72$9,105,624$4,639,424$3,771,212$7,628,094
73$9,991,961$4,824,319$3,855,111$8,245,495
74$10,967,367$5,016,937$3,940,484$8,920,510
75$12,040,886$5,217,614$4,027,337$9,658,825
76$13,222,482$5,426,703$4,115,678$10,466,702
77$14,523,133$5,644,569$4,205,511$11,351,033
78$15,954,937$5,871,598$4,296,841$12,319,404
79$17,531,224$6,108,190$4,389,669$13,380,169
80$19,266,683$6,354,765$4,483,996$14,542,523
81$21,177,497$6,611,761$4,579,823$15,816,594
82$23,281,501$6,879,636$4,677,146$17,213,530
83$25,598,347$7,158,871$4,775,963$18,745,610
84$28,149,688$7,449,965$4,876,267$20,426,353
85$30,959,385$7,753,442$4,978,051$22,270,649
86$34,053,732$8,069,851$5,081,306$24,294,894
87$37,461,702$8,399,763$5,186,018$26,517,148
88$41,215,221$8,743,777$5,292,176$28,957,299
89$45,349,470$9,102,519$5,399,760$31,637,252
90$49,903,217$9,476,643$5,508,754$34,581,136
91$54,919,182$9,866,835$5,619,134$37,815,525
92$60,444,439$10,273,811$5,730,875$41,369,694
93$66,530,862$10,698,318$5,843,950$45,275,885
94$73,235,615$11,141,141$5,958,327$49,569,618
95$80,621,689$11,603,098$6,073,972$54,290,018
96$88,758,498$12,085,046$6,190,846$59,480,188
97$97,722,533$12,587,881$6,308,908$65,187,606
98$107,598,086$13,112,542$6,428,111$71,464,581
99$118,478,042$13,660,008$6,548,404$78,368,735
100$130,464,760$14,231,306$6,669,734$85,963,550