Can I retire at age 60 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$222,138$220,159$218,229$216,344$214,504$207,306
2 years$109,969$107,921$105,936$104,012$102,145$94,964
3 years$72,585$70,528$68,548$66,641$64,805$57,867
4 years$53,896$51,845$49,885$48,011$46,219$39,577
5 years$42,686$40,647$38,713$36,877$35,135$28,806
6 years$35,215$33,192$31,286$29,491$27,801$21,790
7 years$29,880$27,874$25,999$24,246$22,610$16,917
8 years$25,881$23,893$22,049$20,340$18,757$13,377
9 years$22,773$20,803$18,991$17,325$15,796$10,723
10 years$20,287$18,337$16,557$14,934$13,459$8,684
11 years$18,255$16,325$14,576$12,997$11,575$7,090
12 years$16,562$14,652$12,936$11,400$10,031$5,825
13 years$15,132$13,241$11,557$10,065$8,747$4,809
14 years$13,906$12,036$10,384$8,934$7,668$3,987
15 years$12,845$10,995$9,376$7,968$6,751$3,317
16 years$11,918$10,088$8,500$7,134$5,967$2,766
17 years$11,100$9,290$7,735$6,410$5,291$2,312
18 years$10,374$8,585$7,061$5,777$4,704$1,936
19 years$9,726$7,956$6,464$5,220$4,193$1,624
20 years$9,142$7,393$5,932$4,728$3,745$1,364
21 years$8,616$6,887$5,457$4,291$3,352$1,146
22 years$8,137$6,428$5,029$3,901$3,004$965
23 years$7,701$6,012$4,644$3,553$2,697$812
24 years$7,302$5,633$4,295$3,240$2,424$684
25 years$6,935$5,286$3,978$2,959$2,181$577
26 years$6,597$4,968$3,689$2,706$1,965$486
27 years$6,285$4,676$3,426$2,477$1,771$410
28 years$5,995$4,406$3,185$2,269$1,598$346
29 years$5,726$4,157$2,963$2,081$1,443$292
30 years$5,476$3,925$2,760$1,910$1,304$247
31 years$5,242$3,711$2,573$1,754$1,179$208
32 years$5,023$3,511$2,401$1,612$1,066$176
33 years$4,817$3,325$2,242$1,482$965$149
34 years$4,625$3,152$2,095$1,364$874$126
35 years$4,443$2,989$1,958$1,256$791$106
36 years$4,272$2,837$1,832$1,156$717$90
37 years$4,111$2,695$1,715$1,065$650$76
38 years$3,959$2,561$1,606$982$589$64
39 years$3,814$2,435$1,504$905$534$54
40 years$3,678$2,317$1,410$835$485$46
41 years$3,548$2,205$1,322$771$440$39
42 years$3,425$2,100$1,240$711$399$33
43 years$3,308$2,001$1,164$656$362$28
44 years$3,196$1,908$1,092$606$329$23
45 years$3,090$1,819$1,026$560$298$20
46 years$2,989$1,735$963$517$271$17
47 years$2,892$1,656$905$478$246$14
48 years$2,799$1,581$851$441$223$12
49 years$2,711$1,510$799$408$203$10
50 years$2,626$1,442$752$377$184$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,690,000, adding $2,033 every year, while hoping to spend $32,142 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: 37/45/18 Blend
59$2,690,000$2,690,000$2,690,000$2,690,000
60$2,966,477$2,823,907$2,782,212$3,060,014
61$3,234,859$2,928,080$2,841,217$3,231,984
62$3,529,538$3,036,279$2,901,122$3,414,427
63$3,853,164$3,148,670$2,961,922$3,610,820
64$4,208,653$3,265,421$3,023,613$3,822,432
65$4,599,220$3,386,711$3,086,188$4,050,655
66$5,028,405$3,512,724$3,149,640$4,297,020
67$5,500,109$3,643,655$3,213,960$4,563,206
68$6,018,629$3,779,703$3,279,137$4,851,059
69$6,588,700$3,921,079$3,345,158$5,162,607
70$7,215,538$4,068,002$3,412,011$5,500,076
71$7,904,888$4,220,700$3,479,680$5,865,915
72$8,663,084$4,379,411$3,548,146$6,262,814
73$9,497,100$4,544,384$3,617,390$6,693,733
74$10,414,623$4,715,877$3,687,392$7,161,922
75$11,424,121$4,894,162$3,758,126$7,670,959
76$12,534,925$5,079,519$3,829,566$8,224,776
77$13,757,315$5,272,244$3,901,685$8,827,698
78$15,102,620$5,472,642$3,974,450$9,484,484
79$16,583,321$5,681,035$4,047,828$10,200,367
80$18,213,170$5,897,757$4,121,781$10,981,107
81$20,007,323$6,123,156$4,196,269$11,833,039
82$21,982,476$6,357,596$4,271,250$12,763,136
83$24,157,028$6,601,458$4,346,677$13,779,071
84$26,551,253$6,855,138$4,422,499$14,889,287
85$29,187,491$7,119,050$4,498,662$16,103,079
86$32,090,357$7,393,625$4,575,110$17,430,678
87$35,286,976$7,679,316$4,651,779$18,883,345
88$38,807,238$7,976,593$4,728,604$20,473,476
89$42,684,078$8,285,947$4,805,513$22,214,721
90$46,953,788$8,607,893$4,882,432$24,122,105
91$51,656,360$8,942,966$4,959,280$26,212,174
92$56,835,864$9,291,726$5,035,971$28,503,143
93$62,540,859$9,654,758$5,112,413$31,015,073
94$68,824,858$10,032,672$5,188,510$33,770,053
95$75,746,826$10,426,106$5,264,158$36,792,407
96$83,371,743$10,835,726$5,339,248$40,108,924
97$91,771,212$11,262,227$5,413,664$43,749,107
98$101,024,137$11,706,337$5,487,282$47,745,449
99$111,217,466$12,168,815$5,559,974$52,133,735
100$122,447,014$12,650,454$5,631,599$56,953,384