Can I retire at age 60 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$220,486$218,522$216,606$214,736$212,910$204,543
2 years$109,152$107,119$105,149$103,238$101,385$93,059
3 years$72,045$70,003$68,038$66,146$64,323$56,298
4 years$53,495$51,460$49,514$47,654$45,876$38,214
5 years$42,368$40,345$38,425$36,603$34,874$27,595
6 years$34,953$32,945$31,053$29,272$27,595$20,703
7 years$29,658$27,667$25,805$24,066$22,442$15,935
8 years$25,689$23,716$21,885$20,188$18,618$12,489
9 years$22,603$20,649$18,850$17,196$15,679$9,919
10 years$20,136$18,201$16,433$14,823$13,359$7,958
11 years$18,119$16,203$14,468$12,901$11,489$6,434
12 years$16,439$14,543$12,840$11,316$9,956$5,233
13 years$15,019$13,143$11,471$9,990$8,682$4,277
14 years$13,803$11,946$10,307$8,868$7,611$3,509
15 years$12,750$10,913$9,306$7,909$6,701$2,887
16 years$11,829$10,013$8,437$7,081$5,922$2,382
17 years$11,018$9,221$7,678$6,362$5,251$1,969
18 years$10,297$8,521$7,009$5,734$4,669$1,631
19 years$9,653$7,897$6,416$5,181$4,162$1,352
20 years$9,074$7,338$5,888$4,692$3,717$1,123
21 years$8,552$6,835$5,416$4,259$3,327$933
22 years$8,077$6,381$4,992$3,872$2,982$776
23 years$7,644$5,968$4,609$3,526$2,677$645
24 years$7,248$5,591$4,263$3,216$2,406$537
25 years$6,884$5,247$3,948$2,937$2,165$448
26 years$6,548$4,931$3,662$2,686$1,950$373
27 years$6,238$4,641$3,400$2,458$1,758$311
28 years$5,951$4,373$3,161$2,252$1,586$259
29 years$5,684$4,126$2,941$2,065$1,432$216
30 years$5,435$3,896$2,740$1,896$1,294$180
31 years$5,203$3,683$2,554$1,741$1,170$150
32 years$4,985$3,485$2,383$1,600$1,059$125
33 years$4,782$3,300$2,225$1,471$958$105
34 years$4,590$3,128$2,079$1,354$867$87
35 years$4,410$2,967$1,944$1,246$786$73
36 years$4,241$2,816$1,818$1,148$712$61
37 years$4,080$2,675$1,702$1,057$645$51
38 years$3,929$2,542$1,594$975$585$42
39 years$3,786$2,417$1,493$899$530$35
40 years$3,650$2,300$1,400$829$481$29
41 years$3,522$2,189$1,312$765$436$25
42 years$3,399$2,085$1,231$706$396$21
43 years$3,283$1,986$1,155$652$359$17
44 years$3,172$1,893$1,084$602$326$14
45 years$3,067$1,806$1,018$556$296$12
46 years$2,966$1,722$956$513$269$10
47 years$2,870$1,644$898$474$244$8
48 years$2,779$1,569$844$438$222$7
49 years$2,691$1,498$794$405$201$6
50 years$2,607$1,431$746$374$183$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,670,000, adding $5,164 every year, while hoping to spend $21,815 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: 59/31/10 Blend
59$2,670,000$2,670,000$2,670,000$2,670,000
60$2,947,667$2,806,157$2,764,772$3,114,368
61$3,225,118$2,920,447$2,834,181$3,341,347
62$3,530,138$3,039,607$2,905,183$3,585,810
63$3,865,515$3,163,852$2,977,811$3,851,834
64$4,234,324$3,293,406$3,052,093$4,141,494
65$4,639,948$3,428,506$3,128,062$4,457,071
66$5,086,118$3,569,399$3,205,747$4,801,073
67$5,576,944$3,716,341$3,285,182$5,176,259
68$6,116,953$3,869,603$3,366,396$5,585,664
69$6,711,135$4,029,466$3,449,423$6,032,628
70$7,364,987$4,196,226$3,534,295$6,520,823
71$8,084,565$4,370,190$3,621,043$7,054,291
72$8,876,542$4,551,681$3,709,700$7,637,479
73$9,748,273$4,741,037$3,800,298$8,275,282
74$10,707,860$4,938,611$3,892,871$8,973,086
75$11,764,230$5,144,772$3,987,451$9,736,819
76$12,927,222$5,359,905$4,084,071$10,573,007
77$14,207,674$5,584,416$4,182,763$11,488,832
78$15,617,532$5,818,728$4,283,560$12,492,201
79$17,169,956$6,063,281$4,386,495$13,591,818
80$18,879,450$6,318,540$4,491,601$14,797,268
81$20,761,994$6,584,989$4,598,910$16,119,101
82$22,835,199$6,863,135$4,708,455$17,568,935
83$25,118,467$7,153,507$4,820,266$19,159,563
84$27,633,183$7,456,660$4,934,377$20,905,071
85$30,402,907$7,773,176$5,050,818$22,820,970
86$33,453,605$8,103,663$5,169,622$24,924,343
87$36,813,885$8,448,755$5,290,817$27,234,001
88$40,515,277$8,809,120$5,414,435$29,770,664
89$44,592,522$9,185,453$5,540,505$32,557,149
90$49,083,903$9,578,484$5,669,056$35,618,588
91$54,031,608$9,988,977$5,800,116$38,982,661
92$59,482,125$10,417,730$5,933,713$42,679,857
93$65,486,682$10,865,579$6,069,873$46,743,759
94$72,101,732$11,333,400$6,208,621$51,211,358
95$79,389,482$11,822,110$6,349,984$56,123,401
96$87,418,484$12,332,668$6,493,983$61,524,773
97$96,264,279$12,866,079$6,640,641$67,464,920
98$106,010,112$13,423,394$6,789,979$73,998,309
99$116,747,717$14,005,713$6,942,017$81,184,943
100$128,578,181$14,614,191$7,096,772$89,090,927