Can I retire at age 60 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$229,570$227,525$225,530$223,583$221,681$213,054
2 years$113,648$111,532$109,481$107,492$105,562$96,975
3 years$75,013$72,887$70,841$68,871$66,973$58,696
4 years$55,699$53,580$51,554$49,618$47,766$39,861
5 years$44,114$42,007$40,008$38,111$36,311$28,800
6 years$36,393$34,302$32,333$30,478$28,732$21,618
7 years$30,880$28,807$26,869$25,057$23,366$16,649
8 years$26,747$24,693$22,787$21,020$19,385$13,057
9 years$23,534$21,500$19,626$17,904$16,325$10,377
10 years$20,966$18,951$17,110$15,434$13,909$8,330
11 years$18,866$16,871$15,064$13,432$11,963$6,739
12 years$17,117$15,142$13,369$11,782$10,367$5,485
13 years$15,638$13,684$11,944$10,401$9,040$4,486
14 years$14,372$12,439$10,732$9,233$7,924$3,683
15 years$13,275$11,363$9,689$8,234$6,977$3,033
16 years$12,316$10,425$8,785$7,373$6,166$2,504
17 years$11,472$9,601$7,994$6,625$5,468$2,071
18 years$10,721$8,872$7,297$5,970$4,862$1,717
19 years$10,051$8,222$6,680$5,395$4,333$1,424
20 years$9,448$7,641$6,131$4,886$3,870$1,183
21 years$8,904$7,117$5,639$4,434$3,464$984
22 years$8,409$6,643$5,197$4,032$3,105$819
23 years$7,959$6,213$4,799$3,672$2,787$682
24 years$7,546$5,822$4,438$3,349$2,505$568
25 years$7,167$5,463$4,111$3,058$2,254$474
26 years$6,818$5,135$3,812$2,796$2,030$395
27 years$6,495$4,832$3,540$2,560$1,831$329
28 years$6,196$4,553$3,291$2,345$1,652$275
29 years$5,918$4,296$3,063$2,151$1,491$229
30 years$5,659$4,057$2,853$1,974$1,348$191
31 years$5,417$3,835$2,659$1,813$1,218$160
32 years$5,191$3,629$2,481$1,666$1,102$133
33 years$4,979$3,436$2,317$1,532$997$111
34 years$4,779$3,257$2,165$1,409$903$93
35 years$4,592$3,089$2,024$1,298$818$78
36 years$4,415$2,932$1,893$1,195$741$65
37 years$4,249$2,785$1,772$1,101$672$54
38 years$4,091$2,647$1,659$1,015$609$45
39 years$3,942$2,517$1,555$936$552$38
40 years$3,801$2,394$1,457$863$501$32
41 years$3,667$2,279$1,366$796$454$26
42 years$3,539$2,171$1,282$735$412$22
43 years$3,418$2,068$1,203$678$374$18
44 years$3,303$1,971$1,129$626$340$15
45 years$3,193$1,880$1,060$578$308$13
46 years$3,088$1,793$996$534$280$11
47 years$2,989$1,711$935$494$254$9
48 years$2,893$1,634$879$456$231$7
49 years$2,802$1,560$826$422$210$6
50 years$2,714$1,490$777$390$190$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,780,000, adding $5,847 every year, while hoping to spend $41,184 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: 44/28/28 Blend
59$2,780,000$2,780,000$2,780,000$2,780,000
60$3,069,591$2,922,251$2,879,161$3,179,469
61$3,338,870$3,021,622$2,931,794$3,357,843
62$3,634,235$3,124,482$2,984,809$3,546,707
63$3,958,303$3,230,958$3,038,176$3,750,656
64$4,313,958$3,341,183$3,091,863$3,971,117
65$4,704,375$3,455,293$3,145,833$4,209,660
66$5,133,051$3,573,433$3,200,049$4,468,011
67$5,603,841$3,695,750$3,254,469$4,748,072
68$6,120,988$3,822,397$3,309,050$5,051,933
69$6,689,170$3,953,535$3,363,744$5,381,895
70$7,313,537$4,089,330$3,418,501$5,740,490
71$7,999,765$4,229,955$3,473,268$6,130,505
72$8,754,106$4,375,587$3,527,987$6,555,007
73$9,583,448$4,526,414$3,582,598$7,017,375
74$10,495,381$4,682,629$3,637,036$7,521,325
75$11,498,264$4,844,433$3,691,231$8,070,952
76$12,601,311$5,012,034$3,745,112$8,670,762
77$13,814,671$5,185,650$3,798,599$9,325,718
78$15,149,527$5,365,506$3,851,611$10,041,285
79$16,618,199$5,551,836$3,904,060$10,823,480
80$18,234,263$5,744,884$3,955,855$11,678,932
81$20,012,678$5,944,904$4,006,896$12,614,939
82$21,969,924$6,152,157$4,057,080$13,639,540
83$24,124,162$6,366,919$4,106,298$14,761,589
84$26,495,402$6,589,473$4,154,434$15,990,839
85$29,105,691$6,820,115$4,201,365$17,338,033
86$31,979,324$7,059,153$4,246,963$18,815,003
87$35,143,070$7,306,907$4,291,092$20,434,784
88$38,626,427$7,563,709$4,333,607$22,211,736
89$42,461,897$7,829,905$4,374,358$24,161,675
90$46,685,296$8,105,856$4,413,184$26,302,028
91$51,336,089$8,391,935$4,449,918$28,651,992
92$56,457,762$8,688,533$4,484,383$31,232,717
93$62,098,236$8,996,053$4,516,392$34,067,503
94$68,310,315$9,314,918$4,545,750$37,182,022
95$75,152,184$9,645,566$4,572,250$40,604,555
96$82,687,962$9,988,454$4,595,675$44,366,264
97$90,988,302$10,344,057$4,615,798$48,501,482
98$100,131,062$10,712,868$4,632,380$53,048,035
99$110,202,034$11,095,402$4,645,169$58,047,603
100$121,295,760$11,492,196$4,653,901$63,546,106