Can I retire at age 60 with 2,860,000?

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 $2,860,000?

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 years$236,176$234,072$232,020$230,017$228,060$220,672
2 years$116,919$114,741$112,631$110,585$108,600$101,226
3 years$77,172$74,985$72,880$70,853$68,900$61,771
4 years$57,302$55,122$53,038$51,045$49,140$42,311
5 years$45,383$43,216$41,159$39,208$37,356$30,845
6 years$37,440$35,289$33,263$31,355$29,558$23,371
7 years$31,769$29,636$27,642$25,779$24,039$18,175
8 years$27,517$25,403$23,442$21,625$19,943$14,398
9 years$24,212$22,118$20,191$18,420$16,794$11,562
10 years$21,569$19,496$17,603$15,878$14,310$9,382
11 years$19,408$17,356$15,497$13,819$12,307$7,674
12 years$17,609$15,578$13,753$12,121$10,665$6,317
13 years$16,088$14,078$12,288$10,701$9,300$5,227
14 years$14,785$12,796$11,041$9,499$8,152$4,342
15 years$13,657$11,690$9,968$8,471$7,178$3,620
16 years$12,671$10,725$9,038$7,585$6,344$3,025
17 years$11,802$9,878$8,224$6,815$5,625$2,534
18 years$11,030$9,127$7,507$6,142$5,001$2,127
19 years$10,340$8,459$6,873$5,550$4,458$1,788
20 years$9,720$7,861$6,307$5,026$3,982$1,505
21 years$9,160$7,322$5,802$4,562$3,563$1,268
22 years$8,651$6,835$5,347$4,148$3,194$1,069
23 years$8,188$6,392$4,937$3,777$2,867$903
24 years$7,763$5,989$4,566$3,445$2,577$762
25 years$7,374$5,621$4,229$3,146$2,319$644
26 years$7,014$5,282$3,922$2,877$2,089$545
27 years$6,682$4,971$3,642$2,633$1,883$460
28 years$6,374$4,684$3,386$2,413$1,699$390
29 years$6,088$4,419$3,151$2,212$1,534$330
30 years$5,822$4,174$2,935$2,030$1,386$279
31 years$5,573$3,945$2,736$1,865$1,253$236
32 years$5,340$3,733$2,553$1,714$1,134$200
33 years$5,122$3,535$2,384$1,576$1,026$169
34 years$4,917$3,351$2,227$1,450$929$143
35 years$4,724$3,178$2,082$1,335$841$121
36 years$4,542$3,016$1,948$1,229$762$103
37 years$4,371$2,865$1,823$1,133$691$87
38 years$4,209$2,723$1,707$1,044$626$74
39 years$4,055$2,589$1,599$963$568$63
40 years$3,910$2,463$1,499$888$515$53
41 years$3,772$2,345$1,406$819$467$45
42 years$3,641$2,233$1,319$756$424$38
43 years$3,517$2,128$1,237$698$385$32
44 years$3,398$2,028$1,162$644$349$27
45 years$3,285$1,934$1,091$595$317$23
46 years$3,177$1,845$1,024$550$288$20
47 years$3,075$1,761$962$508$262$17
48 years$2,976$1,681$904$469$238$14
49 years$2,882$1,605$850$434$216$12
50 years$2,792$1,533$799$401$196$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,860,000, adding $4,888 every year, while hoping to spend $53,051 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: 79/6/15 Blend
59$2,860,000$2,860,000$2,860,000$2,860,000
60$3,156,762$3,005,182$2,960,852$3,395,920
61$3,422,306$3,095,990$3,003,595$3,644,883
62$3,713,157$3,189,470$3,045,991$3,910,706
63$4,031,841$3,285,696$3,087,974$4,200,873
64$4,381,139$3,384,745$3,129,471$4,517,800
65$4,764,114$3,486,696$3,170,407$4,864,146
66$5,184,140$3,591,630$3,210,702$5,242,841
67$5,644,932$3,699,630$3,250,270$5,657,113
68$6,150,583$3,810,780$3,289,022$6,110,515
69$6,705,601$3,925,167$3,326,863$6,606,964
70$7,314,952$4,042,880$3,363,693$7,150,774
71$7,984,107$4,164,010$3,399,406$7,746,695
72$8,719,091$4,288,652$3,433,891$8,399,963
73$9,526,542$4,416,900$3,467,031$9,116,344
74$10,413,773$4,548,852$3,498,700$9,902,193
75$11,388,841$4,684,609$3,528,770$10,764,510
76$12,460,622$4,824,273$3,557,102$11,711,006
77$13,638,892$4,967,950$3,583,552$12,750,179
78$14,934,426$5,115,746$3,607,968$13,891,391
79$16,359,092$5,267,772$3,630,189$15,144,957
80$17,925,966$5,424,140$3,650,048$16,522,241
81$19,649,457$5,584,965$3,667,366$18,035,768
82$21,545,437$5,750,363$3,681,958$19,699,336
83$23,631,396$5,920,456$3,693,629$21,528,148
84$25,926,606$6,095,366$3,702,173$23,538,956
85$28,452,299$6,275,218$3,707,375$25,750,221
86$31,231,869$6,460,140$3,709,008$28,182,284
87$34,291,095$6,650,262$3,706,835$30,857,556
88$37,658,380$6,845,718$3,700,607$33,800,735
89$41,365,020$7,046,643$3,690,062$37,039,037
90$45,445,500$7,253,176$3,674,927$40,602,449
91$49,937,818$7,465,459$3,654,914$44,524,017
92$54,883,844$7,683,635$3,629,723$48,840,155
93$60,329,714$7,907,852$3,599,037$53,590,987
94$66,326,267$8,138,258$3,562,526$58,820,732
95$72,929,520$8,375,006$3,519,844$64,578,115
96$80,201,200$8,618,251$3,470,629$70,916,826
97$88,209,328$8,868,150$3,414,500$77,896,036
98$97,028,854$9,124,864$3,351,060$85,580,942
99$106,742,370$9,388,556$3,279,894$94,043,396
100$117,440,887$9,659,390$3,200,566$103,362,570