Can I retire at age 60 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$219,660$217,704$215,795$213,932$212,112$204,912
2 years$108,743$106,717$104,755$102,852$101,006$93,824
3 years$71,775$69,741$67,783$65,898$64,082$57,145
4 years$53,295$51,267$49,329$47,476$45,704$39,063
5 years$42,210$40,194$38,281$36,466$34,743$28,417
6 years$34,822$32,821$30,937$29,162$27,491$21,485
7 years$29,547$27,563$25,709$23,976$22,358$16,670
8 years$25,593$23,627$21,803$20,113$18,548$13,174
9 years$22,519$20,571$18,779$17,132$15,620$10,554
10 years$20,061$18,133$16,372$14,768$13,309$8,542
11 years$18,051$16,143$14,414$12,852$11,446$6,969
12 years$16,378$14,489$12,792$11,273$9,919$5,722
13 years$14,963$13,094$11,429$9,952$8,650$4,721
14 years$13,751$11,902$10,269$8,835$7,582$3,911
15 years$12,702$10,872$9,271$7,879$6,676$3,251
16 years$11,785$9,975$8,406$7,055$5,900$2,710
17 years$10,976$9,187$7,649$6,339$5,232$2,263
18 years$10,259$8,489$6,982$5,712$4,652$1,894
19 years$9,617$7,868$6,392$5,162$4,146$1,587
20 years$9,040$7,311$5,866$4,675$3,703$1,332
21 years$8,519$6,810$5,396$4,243$3,314$1,119
22 years$8,046$6,357$4,973$3,858$2,971$940
23 years$7,615$5,945$4,592$3,513$2,667$791
24 years$7,220$5,570$4,247$3,204$2,397$666
25 years$6,858$5,227$3,933$2,926$2,157$561
26 years$6,524$4,913$3,648$2,676$1,943$473
27 years$6,215$4,624$3,387$2,449$1,752$399
28 years$5,929$4,357$3,149$2,244$1,580$336
29 years$5,662$4,110$2,930$2,058$1,427$283
30 years$5,415$3,882$2,730$1,888$1,289$239
31 years$5,183$3,669$2,545$1,734$1,166$202
32 years$4,967$3,472$2,374$1,594$1,055$170
33 years$4,764$3,288$2,217$1,466$954$144
34 years$4,573$3,116$2,071$1,349$864$121
35 years$4,394$2,956$1,937$1,242$783$102
36 years$4,225$2,806$1,812$1,143$709$86
37 years$4,065$2,665$1,696$1,053$643$73
38 years$3,914$2,532$1,588$971$583$62
39 years$3,772$2,408$1,488$895$528$52
40 years$3,637$2,291$1,394$826$479$44
41 years$3,508$2,181$1,307$762$435$37
42 years$3,387$2,077$1,226$703$395$31
43 years$3,271$1,979$1,151$649$358$26
44 years$3,160$1,886$1,080$599$325$22
45 years$3,055$1,799$1,014$554$295$19
46 years$2,955$1,716$953$511$268$16
47 years$2,860$1,638$895$472$243$13
48 years$2,768$1,563$841$436$221$11
49 years$2,681$1,493$791$403$201$10
50 years$2,597$1,426$743$373$182$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,660,000, adding $4,721 every year, while hoping to spend $44,178 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: 67/25/8 Blend
59$2,660,000$2,660,000$2,660,000$2,660,000
60$2,936,190$2,795,210$2,753,980$3,128,244
61$3,188,676$2,885,170$2,799,233$3,346,318
62$3,465,435$2,978,058$2,844,522$3,578,888
63$3,768,897$3,073,969$2,889,800$3,831,969
64$4,101,736$3,173,005$2,935,020$4,107,559
65$4,466,899$3,275,269$2,980,130$4,407,858
66$4,867,633$3,380,868$3,025,074$4,735,285
67$5,307,513$3,489,912$3,069,796$5,092,504
68$5,790,477$3,602,515$3,114,232$5,482,448
69$6,320,864$3,718,796$3,158,316$5,908,347
70$6,903,453$3,838,878$3,201,981$6,373,755
71$7,543,508$3,962,886$3,245,150$6,882,587
72$8,246,830$4,090,952$3,287,747$7,439,153
73$9,019,808$4,223,210$3,329,688$8,048,199
74$9,869,482$4,359,800$3,370,885$8,714,953
75$10,803,606$4,500,868$3,411,247$9,445,171
76$11,830,726$4,646,562$3,450,675$10,245,193
77$12,960,253$4,797,037$3,489,067$11,122,001
78$14,202,561$4,952,454$3,526,312$12,083,287
79$15,569,075$5,112,977$3,562,297$13,137,520
80$17,072,387$5,278,778$3,596,900$14,294,033
81$18,726,367$5,450,035$3,629,992$15,563,103
82$20,546,299$5,626,930$3,661,440$16,956,052
83$22,549,025$5,809,653$3,691,102$18,485,353
84$24,753,099$5,998,400$3,718,827$20,164,744
85$27,178,968$6,193,373$3,744,460$22,009,363
86$29,849,158$6,394,784$3,767,835$24,035,883
87$32,788,492$6,602,849$3,788,778$26,262,675
88$36,024,322$6,817,792$3,807,106$28,709,979
89$39,586,786$7,039,847$3,822,627$31,400,090
90$43,509,093$7,269,255$3,835,140$34,357,577
91$47,827,836$7,506,263$3,844,432$37,609,504
92$52,583,336$7,751,131$3,850,281$41,185,693
93$57,820,024$8,004,124$3,852,454$45,118,999
94$63,586,860$8,265,520$3,850,705$49,445,624
95$69,937,793$8,535,604$3,844,777$54,205,454
96$76,932,271$8,814,671$3,834,399$59,442,438
97$84,635,802$9,103,029$3,819,291$65,205,000
98$93,120,570$9,400,994$3,799,154$71,546,497
99$102,466,120$9,708,895$3,773,677$78,525,720
100$112,760,105$10,027,071$3,742,536$86,207,448