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%12.2%
1 years$230,396$228,343$226,341$224,387$222,479$220,430
2 years$114,057$111,933$109,874$107,878$105,942$103,879
3 years$75,283$73,149$71,096$69,119$67,214$65,199
4 years$55,899$53,773$51,740$49,796$47,938$45,987
5 years$44,272$42,158$40,152$38,248$36,441$34,560
6 years$36,524$34,425$32,449$30,587$28,835$27,026
7 years$30,991$28,910$26,965$25,148$23,450$21,714
8 years$26,843$24,782$22,869$21,096$19,454$17,791
9 years$23,619$21,577$19,697$17,969$16,383$14,793
10 years$21,041$19,019$17,172$15,489$13,960$12,440
11 years$18,933$16,931$15,118$13,480$12,006$10,556
12 years$17,178$15,197$13,417$11,824$10,404$9,023
13 years$15,694$13,733$11,987$10,439$9,072$7,759
14 years$14,423$12,483$10,770$9,266$7,953$6,705
15 years$13,323$11,404$9,724$8,264$7,002$5,818
16 years$12,361$10,463$8,816$7,400$6,189$5,066
17 years$11,513$9,636$8,023$6,648$5,487$4,425
18 years$10,760$8,904$7,324$5,992$4,879$3,874
19 years$10,087$8,252$6,704$5,414$4,349$3,400
20 years$9,482$7,668$6,153$4,903$3,884$2,989
21 years$8,936$7,143$5,660$4,450$3,476$2,632
22 years$8,440$6,667$5,216$4,046$3,116$2,321
23 years$7,987$6,236$4,816$3,685$2,797$2,050
24 years$7,573$5,843$4,454$3,361$2,514$1,812
25 years$7,193$5,483$4,125$3,069$2,262$1,603
26 years$6,843$5,153$3,826$2,806$2,038$1,420
27 years$6,519$4,850$3,553$2,569$1,837$1,258
28 years$6,218$4,570$3,303$2,354$1,658$1,116
29 years$5,939$4,311$3,074$2,158$1,497$990
30 years$5,679$4,071$2,863$1,981$1,353$879
31 years$5,436$3,849$2,669$1,819$1,223$780
32 years$5,209$3,642$2,490$1,672$1,106$693
33 years$4,996$3,449$2,325$1,537$1,001$616
34 years$4,797$3,269$2,173$1,415$906$548
35 years$4,608$3,100$2,031$1,302$821$487
36 years$4,431$2,943$1,900$1,199$744$433
37 years$4,264$2,795$1,778$1,105$674$386
38 years$4,106$2,656$1,665$1,018$611$343
39 years$3,956$2,526$1,560$939$554$305
40 years$3,814$2,403$1,463$866$503$272
41 years$3,680$2,287$1,371$799$456$242
42 years$3,552$2,178$1,286$738$414$215
43 years$3,431$2,076$1,207$681$376$192
44 years$3,315$1,978$1,133$629$341$171
45 years$3,205$1,887$1,064$581$309$152
46 years$3,100$1,800$999$536$281$136
47 years$2,999$1,718$939$495$255$121
48 years$2,903$1,640$882$458$232$108
49 years$2,812$1,566$829$423$210$96
50 years$2,724$1,496$780$391$191$85

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 $4,708 every year, while hoping to spend $59,372 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: 52/39/9 Blend
59$2,790,000$2,790,000$2,790,000$2,790,000
60$3,079,436$2,931,566$2,888,321$3,232,265
61$3,330,367$3,012,042$2,921,909$3,417,220
62$3,604,904$3,094,471$2,954,631$3,611,456
63$3,905,390$3,178,886$2,986,398$3,821,291
64$4,234,409$3,265,320$3,017,111$4,048,209
65$4,594,803$3,353,806$3,046,669$4,293,843
66$4,989,706$3,444,375$3,074,965$4,559,992
67$5,422,564$3,537,057$3,101,885$4,848,633
68$5,897,178$3,631,885$3,127,310$5,161,945
69$6,417,729$3,728,887$3,151,114$5,502,327
70$6,988,827$3,828,091$3,173,165$5,872,417
71$7,615,545$3,929,526$3,193,325$6,275,123
72$8,303,476$4,033,218$3,211,446$6,713,645
73$9,058,777$4,139,192$3,227,376$7,191,510
74$9,888,231$4,247,471$3,240,952$7,712,598
75$10,799,311$4,358,078$3,252,005$8,281,186
76$11,800,250$4,471,033$3,260,356$8,901,983
77$12,900,116$4,586,354$3,265,819$9,580,175
78$14,108,900$4,704,058$3,268,196$10,321,477
79$15,437,609$4,824,157$3,267,281$11,132,183
80$16,898,368$4,946,664$3,262,858$12,019,225
81$18,504,537$5,071,587$3,254,700$12,990,242
82$20,270,836$5,198,930$3,242,568$14,053,649
83$22,213,481$5,328,697$3,226,213$15,218,717
84$24,350,338$5,460,886$3,205,374$16,495,659
85$26,701,094$5,595,491$3,179,775$17,895,728
86$29,287,438$5,732,502$3,149,130$19,431,324
87$32,133,268$5,871,907$3,113,138$21,116,107
88$35,264,917$6,013,685$3,071,483$22,965,130
89$38,711,396$6,157,813$3,023,835$24,994,979
90$42,504,674$6,304,262$2,969,849$27,223,927
91$46,679,975$6,452,995$2,909,163$29,672,113
92$51,276,111$6,603,970$2,841,399$32,361,724
93$56,335,848$6,757,138$2,766,160$35,317,212
94$61,906,310$6,912,444$2,683,032$38,565,518
95$68,039,422$7,069,822$2,591,582$42,136,331
96$74,792,400$7,229,199$2,491,356$46,062,367
97$82,228,289$7,390,494$2,381,880$50,379,676
98$90,416,561$7,553,616$2,262,660$55,127,986
99$99,433,768$7,718,461$2,133,177$60,351,073
100$109,364,264$7,884,917$1,992,890$66,097,181