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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$230,396$228,343$226,341$224,387$222,479$218,433
2 years$114,057$111,933$109,874$107,878$105,942$101,881
3 years$75,283$73,149$71,096$69,119$67,214$63,264
4 years$55,899$53,773$51,740$49,796$47,938$44,129
5 years$44,272$42,158$40,152$38,248$36,441$32,784
6 years$36,524$34,425$32,449$30,587$28,835$25,334
7 years$30,991$28,910$26,965$25,148$23,450$20,107
8 years$26,843$24,782$22,869$21,096$19,454$16,267
9 years$23,619$21,577$19,697$17,969$16,383$13,350
10 years$21,041$19,019$17,172$15,489$13,960$11,078
11 years$18,933$16,931$15,118$13,480$12,006$9,272
12 years$17,178$15,197$13,417$11,824$10,404$7,815
13 years$15,694$13,733$11,987$10,439$9,072$6,624
14 years$14,423$12,483$10,770$9,266$7,953$5,641
15 years$13,323$11,404$9,724$8,264$7,002$4,822
16 years$12,361$10,463$8,816$7,400$6,189$4,135
17 years$11,513$9,636$8,023$6,648$5,487$3,556
18 years$10,760$8,904$7,324$5,992$4,879$3,065
19 years$10,087$8,252$6,704$5,414$4,349$2,646
20 years$9,482$7,668$6,153$4,903$3,884$2,289
21 years$8,936$7,143$5,660$4,450$3,476$1,983
22 years$8,440$6,667$5,216$4,046$3,116$1,720
23 years$7,987$6,236$4,816$3,685$2,797$1,493
24 years$7,573$5,843$4,454$3,361$2,514$1,297
25 years$7,193$5,483$4,125$3,069$2,262$1,128
26 years$6,843$5,153$3,826$2,806$2,038$982
27 years$6,519$4,850$3,553$2,569$1,837$855
28 years$6,218$4,570$3,303$2,354$1,658$745
29 years$5,939$4,311$3,074$2,158$1,497$649
30 years$5,679$4,071$2,863$1,981$1,353$566
31 years$5,436$3,849$2,669$1,819$1,223$493
32 years$5,209$3,642$2,490$1,672$1,106$430
33 years$4,996$3,449$2,325$1,537$1,001$376
34 years$4,797$3,269$2,173$1,415$906$328
35 years$4,608$3,100$2,031$1,302$821$286
36 years$4,431$2,943$1,900$1,199$744$250
37 years$4,264$2,795$1,778$1,105$674$218
38 years$4,106$2,656$1,665$1,018$611$191
39 years$3,956$2,526$1,560$939$554$166
40 years$3,814$2,403$1,463$866$503$145
41 years$3,680$2,287$1,371$799$456$127
42 years$3,552$2,178$1,286$738$414$111
43 years$3,431$2,076$1,207$681$376$97
44 years$3,315$1,978$1,133$629$341$85
45 years$3,205$1,887$1,064$581$309$74
46 years$3,100$1,800$999$536$281$65
47 years$2,999$1,718$939$495$255$57
48 years$2,903$1,640$882$458$232$49
49 years$2,812$1,566$829$423$210$43
50 years$2,724$1,496$780$391$191$38

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 $6,067 every year, while hoping to spend $45,723 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: 86/5/9 Blend
59$2,790,000$2,790,000$2,790,000$2,790,000
60$3,080,838$2,932,968$2,889,723$3,341,811
61$3,346,435$3,028,035$2,937,880$3,608,104
62$3,637,590$3,126,227$2,986,118$3,893,817
63$3,956,862$3,227,650$3,034,390$4,206,355
64$4,307,069$3,332,412$3,082,650$4,548,389
65$4,691,316$3,440,626$3,130,844$4,922,862
66$5,113,021$3,552,407$3,178,918$5,333,016
67$5,575,950$3,667,877$3,226,813$5,782,422
68$6,084,252$3,787,158$3,274,467$6,275,011
69$6,642,497$3,910,380$3,321,813$6,815,115
70$7,255,719$4,037,676$3,368,781$7,407,507
71$7,929,464$4,169,184$3,415,297$8,057,441
72$8,669,841$4,305,046$3,461,281$8,770,709
73$9,483,582$4,445,409$3,506,650$9,553,690
74$10,378,100$4,590,427$3,551,316$10,413,411
75$11,361,566$4,740,258$3,595,185$11,357,614
76$12,442,979$4,895,064$3,638,157$12,394,828
77$13,632,257$5,055,016$3,680,129$13,534,451
78$14,940,324$5,220,289$3,720,990$14,786,836
79$16,379,217$5,391,063$3,760,624$16,163,390
80$17,962,199$5,567,527$3,798,907$17,676,680
81$19,703,883$5,749,876$3,835,710$19,340,554
82$21,620,370$5,938,310$3,870,896$21,170,268
83$23,729,399$6,133,038$3,904,322$23,182,633
84$26,050,516$6,334,276$3,935,836$25,396,171
85$28,605,261$6,542,248$3,965,279$27,831,292
86$31,417,363$6,757,184$3,992,481$30,510,482
87$34,512,973$6,979,324$4,017,268$33,458,520
88$37,920,902$7,208,917$4,039,453$36,702,708
89$41,672,900$7,446,220$4,058,840$40,273,131
90$45,803,950$7,691,498$4,075,225$44,202,939
91$50,352,600$7,945,029$4,088,392$48,528,659
92$55,361,326$8,207,096$4,098,114$53,290,541
93$60,876,934$8,477,997$4,104,154$58,532,937
94$66,951,001$8,758,038$4,106,263$64,304,721
95$73,640,357$9,047,537$4,104,177$70,659,745
96$81,007,629$9,346,821$4,097,622$77,657,354
97$89,121,826$9,656,234$4,086,311$85,362,940
98$98,058,990$9,976,127$4,069,940$93,848,561
99$107,902,917$10,306,868$4,048,193$103,193,622
100$118,745,945$10,648,835$4,020,738$113,485,623