Can I retire at age 60 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$230,396$228,343$226,341$224,387$222,479$219,790
2 years$114,057$111,933$109,874$107,878$105,942$103,236
3 years$75,283$73,149$71,096$69,119$67,214$64,575
4 years$55,899$53,773$51,740$49,796$47,938$45,386
5 years$44,272$42,158$40,152$38,248$36,441$33,984
6 years$36,524$34,425$32,449$30,587$28,835$26,475
7 years$30,991$28,910$26,965$25,148$23,450$21,189
8 years$26,843$24,782$22,869$21,096$19,454$17,292
9 years$23,619$21,577$19,697$17,969$16,383$14,318
10 years$21,041$19,019$17,172$15,489$13,960$11,990
11 years$18,933$16,931$15,118$13,480$12,006$10,131
12 years$17,178$15,197$13,417$11,824$10,404$8,621
13 years$15,694$13,733$11,987$10,439$9,072$7,380
14 years$14,423$12,483$10,770$9,266$7,953$6,348
15 years$13,323$11,404$9,724$8,264$7,002$5,482
16 years$12,361$10,463$8,816$7,400$6,189$4,751
17 years$11,513$9,636$8,023$6,648$5,487$4,129
18 years$10,760$8,904$7,324$5,992$4,879$3,597
19 years$10,087$8,252$6,704$5,414$4,349$3,141
20 years$9,482$7,668$6,153$4,903$3,884$2,747
21 years$8,936$7,143$5,660$4,450$3,476$2,407
22 years$8,440$6,667$5,216$4,046$3,116$2,111
23 years$7,987$6,236$4,816$3,685$2,797$1,854
24 years$7,573$5,843$4,454$3,361$2,514$1,630
25 years$7,193$5,483$4,125$3,069$2,262$1,434
26 years$6,843$5,153$3,826$2,806$2,038$1,263
27 years$6,519$4,850$3,553$2,569$1,837$1,113
28 years$6,218$4,570$3,303$2,354$1,658$982
29 years$5,939$4,311$3,074$2,158$1,497$866
30 years$5,679$4,071$2,863$1,981$1,353$764
31 years$5,436$3,849$2,669$1,819$1,223$675
32 years$5,209$3,642$2,490$1,672$1,106$596
33 years$4,996$3,449$2,325$1,537$1,001$527
34 years$4,797$3,269$2,173$1,415$906$466
35 years$4,608$3,100$2,031$1,302$821$412
36 years$4,431$2,943$1,900$1,199$744$364
37 years$4,264$2,795$1,778$1,105$674$322
38 years$4,106$2,656$1,665$1,018$611$285
39 years$3,956$2,526$1,560$939$554$252
40 years$3,814$2,403$1,463$866$503$223
41 years$3,680$2,287$1,371$799$456$197
42 years$3,552$2,178$1,286$738$414$175
43 years$3,431$2,076$1,207$681$376$155
44 years$3,315$1,978$1,133$629$341$137
45 years$3,205$1,887$1,064$581$309$121
46 years$3,100$1,800$999$536$281$107
47 years$2,999$1,718$939$495$255$95
48 years$2,903$1,640$882$458$232$84
49 years$2,812$1,566$829$423$210$74
50 years$2,724$1,496$780$391$191$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,790,000, adding $4,305 every year, while hoping to spend $33,331 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: 66/5/29 Blend
59$2,790,000$2,790,000$2,790,000$2,790,000
60$3,079,021$2,931,151$2,887,906$3,258,368
61$3,357,617$3,039,313$2,949,187$3,488,208
62$3,663,513$3,151,658$3,011,403$3,735,321
63$3,999,458$3,268,356$3,074,552$4,004,799
64$4,368,480$3,389,584$3,138,627$4,298,854
65$4,773,917$3,515,525$3,203,623$4,619,920
66$5,219,444$3,646,374$3,269,532$4,970,678
67$5,709,110$3,782,329$3,336,344$5,354,081
68$6,247,377$3,923,600$3,404,049$5,773,382
69$6,839,159$4,070,406$3,472,634$6,232,163
70$7,489,871$4,222,973$3,542,085$6,734,370
71$8,205,478$4,381,540$3,612,386$7,284,350
72$8,992,554$4,546,353$3,683,518$7,886,891
73$9,858,341$4,717,670$3,755,462$8,547,269
74$10,810,817$4,895,761$3,828,195$9,271,293
75$11,858,774$5,080,907$3,901,694$10,065,365
76$13,011,898$5,273,401$3,975,929$10,936,538
77$14,280,862$5,473,547$4,050,873$11,892,581
78$15,677,425$5,681,667$4,126,493$12,942,056
79$17,214,545$5,898,091$4,202,753$14,094,392
80$18,906,499$6,123,168$4,279,615$15,359,981
81$20,769,019$6,357,260$4,357,039$16,750,272
82$22,819,438$6,600,745$4,434,979$18,277,879
83$25,076,857$6,854,018$4,513,388$19,956,700
84$27,562,323$7,117,491$4,592,213$21,802,049
85$30,299,027$7,391,595$4,671,399$23,830,800
86$33,312,523$7,676,779$4,750,886$26,061,544
87$36,630,970$7,973,510$4,830,610$28,514,768
88$40,285,396$8,282,280$4,910,503$31,213,044
89$44,309,994$8,603,598$4,990,492$34,181,246
90$48,742,437$8,937,999$5,070,498$37,446,781
91$53,624,244$9,286,039$5,150,438$41,039,849
92$59,001,163$9,648,301$5,230,223$44,993,728
93$64,923,606$10,025,392$5,309,760$49,345,089
94$71,447,124$10,417,947$5,388,947$54,134,336
95$78,632,933$10,826,628$5,467,679$59,405,998
96$86,548,487$11,252,128$5,545,841$65,209,138
97$95,268,120$11,695,169$5,623,314$71,597,821
98$104,873,744$12,156,508$5,699,970$78,631,627
99$115,455,622$12,636,933$5,775,676$86,376,207
100$127,113,221$13,137,269$5,850,287$94,903,905