Can I retire at age 60 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$228,744$226,706$224,719$222,778$220,884$217,673
2 years$113,240$111,131$109,087$107,105$105,183$101,954
3 years$74,743$72,625$70,586$68,623$66,732$63,587
4 years$55,499$53,387$51,369$49,439$47,594$44,556
5 years$43,955$41,856$39,864$37,974$36,180$33,258
6 years$36,262$34,179$32,216$30,368$28,628$25,826
7 years$30,769$28,703$26,772$24,967$23,282$20,601
8 years$26,651$24,604$22,705$20,944$19,315$16,753
9 years$23,450$21,422$19,556$17,840$16,266$13,823
10 years$20,890$18,883$17,049$15,378$13,859$11,534
11 years$18,798$16,810$15,010$13,384$11,920$9,709
12 years$17,055$15,088$13,321$11,739$10,329$8,230
13 years$15,582$13,635$11,901$10,364$9,007$7,018
14 years$14,320$12,394$10,693$9,200$7,896$6,012
15 years$13,227$11,322$9,655$8,205$6,952$5,171
16 years$12,272$10,388$8,753$7,347$6,144$4,463
17 years$11,430$9,567$7,965$6,601$5,448$3,862
18 years$10,683$8,840$7,271$5,949$4,844$3,350
19 years$10,015$8,193$6,656$5,375$4,318$2,912
20 years$9,414$7,613$6,109$4,868$3,857$2,536
21 years$8,872$7,091$5,619$4,418$3,451$2,212
22 years$8,379$6,620$5,179$4,017$3,093$1,931
23 years$7,930$6,191$4,782$3,659$2,777$1,688
24 years$7,519$5,801$4,422$3,337$2,496$1,478
25 years$7,141$5,444$4,096$3,047$2,246$1,294
26 years$6,794$5,116$3,799$2,786$2,023$1,134
27 years$6,472$4,815$3,527$2,550$1,824$995
28 years$6,174$4,537$3,279$2,337$1,646$873
29 years$5,897$4,280$3,052$2,143$1,486$766
30 years$5,639$4,042$2,842$1,967$1,343$673
31 years$5,398$3,821$2,650$1,806$1,214$591
32 years$5,172$3,616$2,472$1,660$1,098$520
33 years$4,961$3,424$2,309$1,526$994$457
34 years$4,762$3,245$2,157$1,404$900$402
35 years$4,575$3,078$2,017$1,293$815$354
36 years$4,399$2,922$1,886$1,191$738$311
37 years$4,233$2,775$1,766$1,097$669$274
38 years$4,076$2,637$1,654$1,011$607$241
39 years$3,928$2,508$1,549$932$550$212
40 years$3,787$2,386$1,452$860$499$187
41 years$3,653$2,271$1,362$793$453$164
42 years$3,527$2,163$1,277$732$411$145
43 years$3,406$2,061$1,198$676$373$127
44 years$3,291$1,964$1,125$624$338$112
45 years$3,182$1,873$1,056$576$307$99
46 years$3,077$1,787$992$532$279$87
47 years$2,978$1,705$932$492$253$77
48 years$2,883$1,628$876$455$230$68
49 years$2,792$1,555$823$420$209$59
50 years$2,704$1,485$774$388$190$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,770,000, adding $4,826 every year, while hoping to spend $59,081 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: 64/20/16 Blend
59$2,770,000$2,770,000$2,770,000$2,770,000
60$3,057,518$2,910,708$2,867,773$3,240,887
61$3,306,523$2,990,471$2,900,982$3,444,188
62$3,578,947$3,072,162$2,933,323$3,658,969
63$3,877,115$3,155,814$2,964,705$3,892,165
64$4,203,589$3,241,457$2,995,031$4,145,573
65$4,561,191$3,329,124$3,024,200$4,421,173
66$4,953,026$3,418,845$3,052,105$4,721,145
67$5,382,516$3,510,650$3,078,632$5,047,889
68$5,853,430$3,604,569$3,103,662$5,404,049
69$6,369,915$3,700,629$3,127,071$5,792,539
70$6,936,545$3,798,858$3,148,726$6,216,565
71$7,558,354$3,899,282$3,168,489$6,679,662
72$8,240,886$4,001,928$3,186,214$7,185,722
73$8,990,252$4,106,818$3,201,748$7,739,033
74$9,813,180$4,213,974$3,214,929$8,344,320
75$10,717,083$4,323,418$3,225,588$9,006,787
76$11,710,128$4,435,167$3,233,547$9,732,168
77$12,801,310$4,549,240$3,238,620$10,526,782
78$14,000,540$4,665,649$3,240,610$11,397,589
79$15,318,737$4,784,408$3,239,313$12,352,257
80$16,767,930$4,905,525$3,234,511$13,399,239
81$18,361,370$5,029,007$3,225,979$14,547,843
82$20,113,660$5,154,858$3,213,479$15,808,331
83$22,040,885$5,283,078$3,196,762$17,192,006
84$24,160,769$5,413,663$3,175,568$18,711,325
85$26,492,841$5,546,606$3,149,623$20,380,015
86$29,058,615$5,681,894$3,118,640$22,213,200
87$31,881,800$5,819,513$3,082,320$24,227,547
88$34,988,513$5,959,439$3,040,347$26,441,423
89$38,407,537$6,101,647$2,992,395$28,875,066
90$42,170,583$6,246,104$2,938,117$31,550,778
91$46,312,591$6,392,773$2,877,153$34,493,136
92$50,872,064$6,541,607$2,809,126$37,729,221
93$55,891,424$6,692,555$2,733,641$41,288,878
94$61,417,417$6,845,558$2,650,285$45,204,996
95$67,501,550$7,000,547$2,558,627$49,513,817
96$74,200,581$7,157,447$2,458,213$54,255,280
97$81,577,050$7,316,171$2,348,574$59,473,399
98$89,699,872$7,476,626$2,229,213$65,216,675
99$98,644,983$7,638,705$2,099,616$71,538,558
100$108,496,060$7,802,291$1,959,242$78,497,952