Can I retire at age 60 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$216,357$214,430$212,550$210,714$208,922$206,226
2 years$107,108$105,113$103,179$101,305$99,487$96,774
3 years$70,696$68,692$66,764$64,907$63,119$60,474
4 years$52,493$50,496$48,587$46,762$45,017$42,461
5 years$41,575$39,590$37,706$35,918$34,221$31,761
6 years$34,298$32,328$30,472$28,724$27,078$24,716
7 years$29,103$27,149$25,322$23,615$22,022$19,760
8 years$25,208$23,272$21,475$19,810$18,269$16,106
9 years$22,180$20,262$18,497$16,874$15,385$13,321
10 years$19,759$17,860$16,126$14,546$13,109$11,142
11 years$17,780$15,900$14,197$12,659$11,274$9,402
12 years$16,132$14,271$12,599$11,104$9,770$7,991
13 years$14,738$12,897$11,257$9,803$8,520$6,831
14 years$13,544$11,723$10,114$8,702$7,468$5,868
15 years$12,511$10,709$9,132$7,761$6,576$5,061
16 years$11,608$9,825$8,279$6,949$5,812$4,380
17 years$10,811$9,049$7,534$6,243$5,153$3,801
18 years$10,104$8,361$6,877$5,627$4,582$3,307
19 years$9,472$7,749$6,296$5,084$4,084$2,883
20 years$8,905$7,201$5,778$4,605$3,648$2,518
21 years$8,391$6,707$5,315$4,179$3,264$2,203
22 years$7,925$6,261$4,898$3,800$2,926$1,929
23 years$7,501$5,856$4,523$3,460$2,627$1,692
24 years$7,112$5,487$4,183$3,156$2,361$1,485
25 years$6,755$5,149$3,874$2,882$2,124$1,305
26 years$6,426$4,839$3,593$2,635$1,914$1,147
27 years$6,121$4,554$3,336$2,412$1,725$1,009
28 years$5,839$4,291$3,102$2,210$1,557$889
29 years$5,577$4,048$2,886$2,027$1,406$783
30 years$5,333$3,823$2,689$1,860$1,270$690
31 years$5,105$3,614$2,506$1,708$1,148$608
32 years$4,892$3,420$2,339$1,570$1,039$536
33 years$4,692$3,239$2,184$1,444$940$473
34 years$4,504$3,070$2,040$1,328$851$417
35 years$4,328$2,911$1,907$1,223$771$368
36 years$4,161$2,763$1,784$1,126$698$325
37 years$4,004$2,625$1,670$1,038$633$287
38 years$3,856$2,494$1,564$956$574$254
39 years$3,715$2,372$1,465$882$520$224
40 years$3,582$2,257$1,373$813$472$198
41 years$3,456$2,148$1,288$750$428$175
42 years$3,336$2,046$1,208$693$389$154
43 years$3,222$1,949$1,134$639$353$136
44 years$3,113$1,858$1,064$590$320$121
45 years$3,009$1,772$999$545$291$107
46 years$2,911$1,690$938$504$264$94
47 years$2,817$1,613$882$465$240$83
48 years$2,726$1,540$828$430$218$74
49 years$2,640$1,470$779$397$198$65
50 years$2,558$1,405$732$367$180$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,620,000, adding $4,897 every year, while hoping to spend $22,192 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: 65/11/24 Blend
59$2,620,000$2,620,000$2,620,000$2,620,000
60$2,892,291$2,753,431$2,712,821$3,061,952
61$3,163,693$2,864,737$2,780,089$3,288,171
62$3,462,034$2,980,753$2,848,866$3,532,378
63$3,790,038$3,101,687$2,919,180$3,798,784
64$4,150,707$3,227,756$2,991,058$4,089,570
65$4,547,349$3,359,185$3,064,527$4,407,139
66$4,983,605$3,496,212$3,139,616$4,754,133
67$5,463,492$3,639,085$3,216,352$5,133,465
68$5,991,431$3,788,063$3,294,762$5,548,338
69$6,572,295$3,943,417$3,374,876$6,002,283
70$7,211,455$4,105,429$3,456,719$6,499,184
71$7,914,825$4,274,398$3,540,322$7,043,321
72$8,688,925$4,450,631$3,625,710$7,639,405
73$9,540,937$4,634,454$3,712,913$8,292,626
74$10,478,776$4,826,204$3,801,958$9,008,698
75$11,511,160$5,026,238$3,892,873$9,793,916
76$12,647,700$5,234,925$3,985,686$10,655,213
77$13,898,982$5,452,653$4,080,423$11,600,223
78$15,276,673$5,679,828$4,177,113$12,637,357
79$16,793,629$5,916,875$4,275,781$13,775,880
80$18,464,015$6,164,237$4,376,455$15,025,995
81$20,303,439$6,422,379$4,479,161$16,398,943
82$22,329,101$6,691,787$4,583,924$17,907,108
83$24,559,954$6,972,969$4,690,770$19,564,129
84$27,016,882$7,266,458$4,799,724$21,385,035
85$29,722,900$7,572,810$4,910,810$23,386,380
86$32,703,365$7,892,607$5,024,052$25,586,402
87$35,986,223$8,226,460$5,139,473$28,005,194
88$39,602,267$8,575,005$5,257,094$30,664,893
89$43,585,429$8,938,911$5,376,937$33,589,885
90$47,973,100$9,318,875$5,499,022$36,807,042
91$52,806,486$9,715,630$5,623,369$40,345,967
92$58,130,991$10,129,940$5,749,996$44,239,276
93$63,996,651$10,562,605$5,878,919$48,522,906
94$70,458,601$11,014,464$6,010,155$53,236,453
95$77,577,601$11,486,395$6,143,717$58,423,542
96$85,420,603$11,979,316$6,279,618$64,132,242
97$94,061,389$12,494,187$6,417,870$70,415,515
98$103,581,264$13,032,015$6,558,482$77,331,720
99$114,069,823$13,593,854$6,701,461$84,945,157
100$125,625,797$14,180,805$6,846,813$93,326,676