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

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$236,176$234,072$232,020$230,017$228,060$224,282
2 years$116,919$114,741$112,631$110,585$108,600$104,805
3 years$77,172$74,985$72,880$70,853$68,900$65,206
4 years$57,302$55,122$53,038$51,045$49,140$45,575
5 years$45,383$43,216$41,159$39,208$37,356$33,930
6 years$37,440$35,289$33,263$31,355$29,558$26,276
7 years$31,769$29,636$27,642$25,779$24,039$20,901
8 years$27,517$25,403$23,442$21,625$19,943$16,949
9 years$24,212$22,118$20,191$18,420$16,794$13,943
10 years$21,569$19,496$17,603$15,878$14,310$11,598
11 years$19,408$17,356$15,497$13,819$12,307$9,733
12 years$17,609$15,578$13,753$12,121$10,665$8,224
13 years$16,088$14,078$12,288$10,701$9,300$6,989
14 years$14,785$12,796$11,041$9,499$8,152$5,968
15 years$13,657$11,690$9,968$8,471$7,178$5,116
16 years$12,671$10,725$9,038$7,585$6,344$4,399
17 years$11,802$9,878$8,224$6,815$5,625$3,794
18 years$11,030$9,127$7,507$6,142$5,001$3,279
19 years$10,340$8,459$6,873$5,550$4,458$2,840
20 years$9,720$7,861$6,307$5,026$3,982$2,464
21 years$9,160$7,322$5,802$4,562$3,563$2,141
22 years$8,651$6,835$5,347$4,148$3,194$1,862
23 years$8,188$6,392$4,937$3,777$2,867$1,622
24 years$7,763$5,989$4,566$3,445$2,577$1,414
25 years$7,374$5,621$4,229$3,146$2,319$1,233
26 years$7,014$5,282$3,922$2,877$2,089$1,077
27 years$6,682$4,971$3,642$2,633$1,883$940
28 years$6,374$4,684$3,386$2,413$1,699$822
29 years$6,088$4,419$3,151$2,212$1,534$719
30 years$5,822$4,174$2,935$2,030$1,386$629
31 years$5,573$3,945$2,736$1,865$1,253$550
32 years$5,340$3,733$2,553$1,714$1,134$481
33 years$5,122$3,535$2,384$1,576$1,026$422
34 years$4,917$3,351$2,227$1,450$929$369
35 years$4,724$3,178$2,082$1,335$841$323
36 years$4,542$3,016$1,948$1,229$762$283
37 years$4,371$2,865$1,823$1,133$691$248
38 years$4,209$2,723$1,707$1,044$626$218
39 years$4,055$2,589$1,599$963$568$191
40 years$3,910$2,463$1,499$888$515$167
41 years$3,772$2,345$1,406$819$467$147
42 years$3,641$2,233$1,319$756$424$128
43 years$3,517$2,128$1,237$698$385$113
44 years$3,398$2,028$1,162$644$349$99
45 years$3,285$1,934$1,091$595$317$87
46 years$3,177$1,845$1,024$550$288$76
47 years$3,075$1,761$962$508$262$67
48 years$2,976$1,681$904$469$238$58
49 years$2,882$1,605$850$434$216$51
50 years$2,792$1,533$799$401$196$45

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 $3,691 every year, while hoping to spend $31,688 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: 49/25/26 Blend
59$2,860,000$2,860,000$2,860,000$2,860,000
60$3,155,527$3,003,947$2,959,617$3,286,715
61$3,443,675$3,117,425$3,025,049$3,492,313
62$3,760,152$3,235,401$3,091,610$3,712,105
63$4,107,815$3,358,062$3,159,306$3,950,271
64$4,489,808$3,485,604$3,228,139$4,208,565
65$4,909,600$3,618,230$3,298,113$4,488,910
66$5,371,008$3,756,152$3,369,228$4,793,426
67$5,878,239$3,899,591$3,441,486$5,124,442
68$6,435,929$4,048,781$3,514,885$5,484,522
69$7,049,183$4,203,961$3,589,423$5,876,486
70$7,723,628$4,365,383$3,665,097$6,303,437
71$8,465,463$4,533,312$3,741,903$6,768,790
72$9,281,517$4,708,020$3,819,833$7,276,303
73$10,179,314$4,889,796$3,898,880$7,830,113
74$11,167,145$5,078,937$3,979,034$8,434,772
75$12,254,146$5,275,758$4,060,284$9,095,293
76$13,450,382$5,480,582$4,142,616$9,817,191
77$14,766,942$5,693,752$4,226,015$10,606,541
78$16,216,048$5,915,623$4,310,464$11,470,031
79$17,811,162$6,146,567$4,395,942$12,415,022
80$19,567,122$6,386,970$4,482,428$13,449,622
81$21,500,276$6,637,239$4,569,896$14,582,759
82$23,628,637$6,897,796$4,658,320$15,824,263
83$25,972,053$7,169,083$4,747,669$17,184,959
84$28,552,396$7,451,562$4,837,910$18,676,771
85$31,393,768$7,745,716$4,929,007$20,312,829
86$34,522,723$8,052,047$5,020,920$22,107,594
87$37,968,526$8,371,082$5,113,605$24,076,995
88$41,763,421$8,703,371$5,207,017$26,238,575
89$45,942,943$9,049,489$5,301,105$28,611,659
90$50,546,245$9,410,036$5,395,814$31,217,532
91$55,616,473$9,785,639$5,491,085$34,079,641
92$61,201,171$10,176,953$5,586,854$37,223,813
93$67,352,731$10,584,664$5,683,054$40,678,502
94$74,128,885$11,009,488$5,779,611$44,475,049
95$81,593,251$11,452,172$5,876,448$48,647,982
96$89,815,933$11,913,500$5,973,480$53,235,339
97$98,874,185$12,394,288$6,070,618$58,279,025
98$108,853,135$12,895,390$6,167,767$63,825,207
99$119,846,591$13,417,702$6,264,824$69,924,748
100$131,957,929$13,962,155$6,361,681$76,633,682