Can I retire at age 60 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$230,396$228,343$226,341$224,387$222,479$216,573
2 years$114,057$111,933$109,874$107,878$105,942$100,034
3 years$75,283$73,149$71,096$69,119$67,214$61,488
4 years$55,899$53,773$51,740$49,796$47,938$42,437
5 years$44,272$42,158$40,152$38,248$36,441$31,182
6 years$36,524$34,425$32,449$30,587$28,835$23,822
7 years$30,991$28,910$26,965$25,148$23,450$18,684
8 years$26,843$24,782$22,869$21,096$19,454$14,932
9 years$23,619$21,577$19,697$17,969$16,383$12,101
10 years$21,041$19,019$17,172$15,489$13,960$9,912
11 years$18,933$16,931$15,118$13,480$12,006$8,186
12 years$17,178$15,197$13,417$11,824$10,404$6,806
13 years$15,694$13,733$11,987$10,439$9,072$5,689
14 years$14,423$12,483$10,770$9,266$7,953$4,775
15 years$13,323$11,404$9,724$8,264$7,002$4,023
16 years$12,361$10,463$8,816$7,400$6,189$3,399
17 years$11,513$9,636$8,023$6,648$5,487$2,879
18 years$10,760$8,904$7,324$5,992$4,879$2,443
19 years$10,087$8,252$6,704$5,414$4,349$2,077
20 years$9,482$7,668$6,153$4,903$3,884$1,768
21 years$8,936$7,143$5,660$4,450$3,476$1,507
22 years$8,440$6,667$5,216$4,046$3,116$1,286
23 years$7,987$6,236$4,816$3,685$2,797$1,098
24 years$7,573$5,843$4,454$3,361$2,514$939
25 years$7,193$5,483$4,125$3,069$2,262$803
26 years$6,843$5,153$3,826$2,806$2,038$687
27 years$6,519$4,850$3,553$2,569$1,837$588
28 years$6,218$4,570$3,303$2,354$1,658$504
29 years$5,939$4,311$3,074$2,158$1,497$431
30 years$5,679$4,071$2,863$1,981$1,353$370
31 years$5,436$3,849$2,669$1,819$1,223$317
32 years$5,209$3,642$2,490$1,672$1,106$272
33 years$4,996$3,449$2,325$1,537$1,001$233
34 years$4,797$3,269$2,173$1,415$906$200
35 years$4,608$3,100$2,031$1,302$821$171
36 years$4,431$2,943$1,900$1,199$744$147
37 years$4,264$2,795$1,778$1,105$674$126
38 years$4,106$2,656$1,665$1,018$611$108
39 years$3,956$2,526$1,560$939$554$93
40 years$3,814$2,403$1,463$866$503$80
41 years$3,680$2,287$1,371$799$456$68
42 years$3,552$2,178$1,286$738$414$59
43 years$3,431$2,076$1,207$681$376$50
44 years$3,315$1,978$1,133$629$341$43
45 years$3,205$1,887$1,064$581$309$37
46 years$3,100$1,800$999$536$281$32
47 years$2,999$1,718$939$495$255$27
48 years$2,903$1,640$882$458$232$23
49 years$2,812$1,566$829$423$210$20
50 years$2,724$1,496$780$391$191$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,790,000, adding $3,801 every year, while hoping to spend $51,975 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: 69/19/12 Blend
59$2,790,000$2,790,000$2,790,000$2,790,000
60$3,078,501$2,930,631$2,887,386$3,282,700
61$3,337,207$3,018,931$2,928,812$3,507,109
62$3,620,559$3,109,815$2,969,884$3,745,918
63$3,931,016$3,203,356$3,010,536$4,005,819
64$4,271,286$3,299,628$3,050,695$4,288,877
65$4,644,353$3,398,704$3,090,289$4,597,367
66$5,053,499$3,500,663$3,129,236$4,933,791
67$5,502,345$3,605,585$3,167,454$5,300,906
68$5,994,874$3,713,549$3,204,854$5,701,748
69$6,535,478$3,824,639$3,241,343$6,139,659
70$7,128,990$3,938,939$3,276,821$6,618,322
71$7,780,737$4,056,538$3,311,185$7,141,791
72$8,496,588$4,177,524$3,344,325$7,714,532
73$9,283,005$4,301,987$3,376,125$8,341,464
74$10,147,109$4,430,022$3,406,463$9,028,004
75$11,096,745$4,561,724$3,435,210$9,780,121
76$12,140,554$4,697,190$3,462,231$10,604,389
77$13,288,058$4,836,520$3,487,384$11,508,049
78$14,549,747$4,979,816$3,510,517$12,499,081
79$15,937,176$5,127,182$3,531,475$13,586,272
80$17,463,079$5,278,724$3,550,090$14,779,305
81$19,141,483$5,434,552$3,566,188$16,088,848
82$20,987,846$5,594,777$3,579,587$17,526,653
83$23,019,196$5,759,511$3,590,093$19,105,667
84$25,254,298$5,928,871$3,597,505$20,840,156
85$27,713,825$6,102,975$3,601,611$22,745,839
86$30,420,558$6,281,942$3,602,187$24,840,032
87$33,399,594$6,465,897$3,598,999$27,141,817
88$36,678,590$6,654,964$3,591,804$29,672,218
89$40,288,020$6,849,270$3,580,342$32,454,398
90$44,261,460$7,048,947$3,564,346$35,513,884
91$48,635,909$7,254,125$3,543,531$38,878,799
92$53,452,135$7,464,940$3,517,603$42,580,132
93$58,755,059$7,681,529$3,486,250$46,652,031
94$64,594,183$7,904,032$3,449,146$51,132,123
95$71,024,049$8,132,589$3,405,953$56,061,867
96$78,104,762$8,367,345$3,356,311$61,486,951
97$85,902,549$8,608,447$3,299,850$67,457,716
98$94,490,391$8,856,042$3,236,176$74,029,635
99$103,948,704$9,110,282$3,164,881$81,263,838
100$114,366,105$9,371,318$3,085,538$89,227,682