Can I retire at age 60 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$214,706$212,793$210,927$209,106$207,328$205,762
2 years$106,290$104,310$102,392$100,532$98,727$97,149
3 years$70,156$68,168$66,254$64,412$62,637$61,095
4 years$52,093$50,111$48,216$46,405$44,673$43,179
5 years$41,257$39,287$37,418$35,643$33,960$32,518
6 years$34,036$32,081$30,239$28,504$26,871$25,484
7 years$28,880$26,942$25,129$23,435$21,853$20,521
8 years$25,015$23,094$21,311$19,659$18,130$16,852
9 years$22,011$20,107$18,355$16,745$15,268$14,044
10 years$19,608$17,724$16,003$14,434$13,009$11,839
11 years$17,644$15,778$14,088$12,562$11,188$10,071
12 years$16,008$14,162$12,503$11,019$9,695$8,630
13 years$14,625$12,798$11,171$9,728$8,455$7,440
14 years$13,441$11,633$10,037$8,635$7,411$6,447
15 years$12,415$10,627$9,062$7,701$6,525$5,609
16 years$11,519$9,750$8,216$6,896$5,767$4,898
17 years$10,729$8,980$7,476$6,196$5,114$4,289
18 years$10,027$8,298$6,825$5,584$4,547$3,766
19 years$9,400$7,690$6,248$5,045$4,053$3,315
20 years$8,837$7,146$5,734$4,569$3,620$2,923
21 years$8,327$6,656$5,274$4,147$3,239$2,581
22 years$7,865$6,213$4,861$3,771$2,904$2,283
23 years$7,443$5,811$4,488$3,434$2,606$2,022
24 years$7,058$5,445$4,151$3,132$2,343$1,793
25 years$6,703$5,110$3,845$2,860$2,108$1,591
26 years$6,377$4,802$3,566$2,615$1,899$1,414
27 years$6,075$4,519$3,311$2,394$1,712$1,257
28 years$5,795$4,259$3,078$2,193$1,545$1,118
29 years$5,535$4,018$2,864$2,011$1,395$995
30 years$5,292$3,794$2,668$1,846$1,260$886
31 years$5,066$3,587$2,487$1,695$1,140$790
32 years$4,855$3,394$2,321$1,558$1,031$704
33 years$4,656$3,214$2,167$1,433$933$628
34 years$4,470$3,046$2,025$1,318$845$560
35 years$4,295$2,889$1,893$1,213$765$500
36 years$4,129$2,742$1,771$1,118$693$446
37 years$3,974$2,604$1,657$1,030$628$398
38 years$3,826$2,475$1,552$949$570$355
39 years$3,687$2,354$1,454$875$516$317
40 years$3,555$2,239$1,363$807$468$284
41 years$3,429$2,132$1,278$745$425$253
42 years$3,310$2,030$1,199$687$386$226
43 years$3,197$1,934$1,125$634$350$202
44 years$3,089$1,844$1,056$586$318$181
45 years$2,986$1,758$991$541$288$162
46 years$2,889$1,677$931$500$262$144
47 years$2,795$1,601$875$462$238$129
48 years$2,706$1,528$822$427$216$115
49 years$2,620$1,459$773$394$196$103
50 years$2,539$1,394$726$364$178$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,600,000, adding $4,575 every year, while hoping to spend $31,926 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: 66/25/9 Blend
59$2,600,000$2,600,000$2,600,000$2,600,000
60$2,869,919$2,732,119$2,691,819$3,053,838
61$3,128,682$2,832,024$2,748,026$3,276,664
62$3,412,768$2,935,754$2,805,046$3,515,881
63$3,724,728$3,043,463$2,862,872$3,776,492
64$4,067,369$3,155,312$2,921,497$4,060,581
65$4,443,785$3,271,466$2,980,912$4,370,441
66$4,857,384$3,392,101$3,041,105$4,708,595
67$5,311,921$3,517,398$3,102,066$5,077,821
68$5,811,531$3,647,545$3,163,780$5,481,176
69$6,360,773$3,782,740$3,226,231$5,922,024
70$6,964,665$3,923,188$3,289,404$6,404,069
71$7,628,740$4,069,103$3,353,278$6,931,388
72$8,359,092$4,220,709$3,417,833$7,508,472
73$9,162,435$4,378,239$3,483,046$8,140,261
74$10,046,166$4,541,936$3,548,890$8,832,198
75$11,018,436$4,712,052$3,615,340$9,590,276
76$12,088,226$4,888,852$3,682,363$10,421,092
77$13,265,430$5,072,611$3,749,928$11,331,912
78$14,560,952$5,263,617$3,817,998$12,330,739
79$15,986,804$5,462,170$3,886,536$13,426,385
80$17,556,224$5,668,581$3,955,500$14,628,556
81$19,283,795$5,883,178$4,024,846$15,947,940
82$21,185,588$6,106,300$4,094,525$17,396,312
83$23,279,313$6,338,303$4,164,486$18,986,640
84$25,584,480$6,579,557$4,234,674$20,733,206
85$28,122,591$6,830,449$4,305,029$22,651,746
86$30,917,336$7,091,382$4,375,488$24,759,589
87$33,994,822$7,362,778$4,445,985$27,075,829
88$37,383,815$7,645,075$4,516,447$29,621,496
89$41,116,014$7,938,733$4,586,797$32,419,758
90$45,226,346$8,244,230$4,656,954$35,496,138
91$49,753,302$8,562,067$4,726,831$38,878,753
92$54,739,295$8,892,764$4,796,335$42,598,580
93$60,231,060$9,236,866$4,865,370$46,689,744
94$66,280,099$9,594,943$4,933,830$51,189,842
95$72,943,162$9,967,588$5,001,606$56,140,297
96$80,282,786$10,355,421$5,068,581$61,586,745
97$88,367,883$10,759,090$5,134,632$67,579,465
98$97,274,392$11,179,270$5,199,627$74,173,855
99$107,085,994$11,616,669$5,263,428$81,430,950
100$117,894,902$12,072,022$5,325,890$89,417,999