Can I retire at age 60 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$227,092$225,070$223,096$221,170$219,289$213,727
2 years$112,422$110,328$108,299$106,332$104,423$98,856
3 years$74,204$72,101$70,077$68,128$66,250$60,852
4 years$55,098$53,002$50,998$49,082$47,250$42,062
5 years$43,638$41,554$39,576$37,700$35,919$30,955
6 years$36,000$33,932$31,984$30,149$28,421$23,687
7 years$30,547$28,496$26,579$24,787$23,114$18,610
8 years$26,458$24,426$22,541$20,793$19,175$14,899
9 years$23,280$21,268$19,414$17,711$16,149$12,096
10 years$20,740$18,746$16,926$15,267$13,759$9,926
11 years$18,662$16,689$14,901$13,287$11,834$8,214
12 years$16,932$14,979$13,224$11,655$10,255$6,843
13 years$15,469$13,537$11,815$10,289$8,942$5,731
14 years$14,216$12,304$10,616$9,134$7,839$4,821
15 years$13,132$11,240$9,585$8,146$6,902$4,070
16 years$12,184$10,313$8,690$7,293$6,100$3,446
17 years$11,348$9,498$7,908$6,553$5,409$2,925
18 years$10,606$8,776$7,219$5,906$4,809$2,488
19 years$9,943$8,134$6,608$5,336$4,286$2,120
20 years$9,346$7,558$6,065$4,833$3,829$1,809
21 years$8,808$7,040$5,578$4,386$3,426$1,545
22 years$8,319$6,572$5,141$3,988$3,071$1,322
23 years$7,873$6,146$4,747$3,632$2,757$1,131
24 years$7,465$5,759$4,390$3,313$2,478$969
25 years$7,090$5,404$4,066$3,025$2,230$831
26 years$6,744$5,079$3,771$2,766$2,008$713
27 years$6,425$4,780$3,502$2,532$1,811$612
28 years$6,129$4,504$3,256$2,320$1,634$525
29 years$5,854$4,249$3,030$2,127$1,475$451
30 years$5,598$4,013$2,822$1,952$1,333$387
31 years$5,359$3,794$2,631$1,793$1,205$333
32 years$5,135$3,590$2,455$1,648$1,090$286
33 years$4,925$3,399$2,292$1,515$987$246
34 years$4,728$3,222$2,141$1,394$893$211
35 years$4,542$3,056$2,002$1,284$809$182
36 years$4,368$2,900$1,873$1,182$733$156
37 years$4,203$2,755$1,753$1,089$664$134
38 years$4,047$2,618$1,642$1,004$602$116
39 years$3,899$2,489$1,538$926$546$99
40 years$3,760$2,369$1,442$854$495$86
41 years$3,627$2,255$1,352$788$449$74
42 years$3,501$2,147$1,268$727$408$63
43 years$3,381$2,046$1,190$671$370$54
44 years$3,267$1,950$1,117$620$336$47
45 years$3,159$1,860$1,049$572$305$40
46 years$3,055$1,774$985$529$277$35
47 years$2,956$1,693$925$488$251$30
48 years$2,862$1,616$870$451$228$26
49 years$2,771$1,543$817$417$207$22
50 years$2,685$1,474$768$385$188$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,750,000, adding $6,506 every year, while hoping to spend $36,107 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: 36/46/18 Blend
59$2,750,000$2,750,000$2,750,000$2,750,000
60$3,037,211$2,891,461$2,848,836$3,129,699
61$3,308,589$2,994,725$2,905,854$3,300,742
62$3,606,437$3,101,839$2,963,573$3,481,408
63$3,933,418$3,212,953$3,021,976$3,675,691
64$4,292,463$3,328,224$3,081,049$3,884,827
65$4,686,802$3,447,815$3,140,772$4,110,174
66$5,119,994$3,571,896$3,201,127$4,353,222
67$5,595,959$3,700,644$3,262,090$4,615,606
68$6,119,014$3,834,244$3,323,637$4,899,124
69$6,693,918$3,972,885$3,385,743$5,205,751
70$7,325,910$4,116,770$3,448,378$5,537,659
71$8,020,766$4,266,105$3,511,512$5,897,231
72$8,784,847$4,421,107$3,575,110$6,287,091
73$9,625,163$4,582,002$3,639,137$6,710,122
74$10,549,434$4,749,025$3,703,554$7,169,492
75$11,566,170$4,922,421$3,768,317$7,668,688
76$12,684,746$5,102,445$3,833,381$8,211,544
77$13,915,488$5,289,364$3,898,698$8,802,277
78$15,269,779$5,483,454$3,964,216$9,445,525
79$16,760,158$5,685,004$4,029,878$10,146,393
80$18,400,440$5,894,315$4,095,624$10,910,496
81$20,205,849$6,111,701$4,161,392$11,744,012
82$22,193,160$6,337,489$4,227,113$12,653,743
83$24,380,855$6,572,019$4,292,715$13,647,171
84$26,789,301$6,815,646$4,358,119$14,732,533
85$29,440,939$7,068,742$4,423,246$15,918,897
86$32,360,497$7,331,692$4,488,006$17,216,241
87$35,575,222$7,604,900$4,552,309$18,635,554
88$39,115,138$7,888,783$4,616,055$20,188,931
89$43,013,330$8,183,782$4,679,140$21,889,688
90$47,306,254$8,490,351$4,741,455$23,752,490
91$52,034,081$8,808,967$4,802,884$25,793,480
92$57,241,078$9,140,128$4,863,301$28,030,438
93$62,976,023$9,484,350$4,922,577$30,482,940
94$69,292,669$9,842,174$4,980,575$33,172,546
95$76,250,244$10,214,163$5,037,147$36,123,000
96$83,914,019$10,600,907$5,092,141$39,360,449
97$92,355,915$11,003,018$5,145,394$42,913,693
98$101,655,189$11,421,136$5,196,735$46,814,452
99$111,899,176$11,855,930$5,245,984$51,097,663
100$123,184,117$12,308,096$5,292,950$55,801,807