Calculate how much you need to retire at 60. Savings targets, 4% rule, and 2026 retirement calculator.
Retiring at 60 means you'll need savings to last potentially 30+ years. The 4% withdrawal rule — withdraw 4% per year, adjust for inflation — is the standard benchmark. For $70,000/year in retirement spending, your target is $1.75 million.
At 60 you're still 2 years from the earliest Social Security benefit (62) and 5 years from Medicare (65). Plan for those gaps. A bridge strategy using savings, part-time work, or a Roth conversion ladder can fill the income gap.
With 25 years to save from age 35 and strong contributions, retiring at 60 is achievable for diligent savers. The calculator above projects your balance based on your starting point and monthly savings rate.
Target formula: Monthly expenses × 12 × 25 = Retirement nest egg needed.
$1M generates approximately $40,000/year at 4%. If your annual expenses are $40,000 or less, it may be enough. Add Social Security income (starting 62–67) to the picture.
The 4% rule says you can withdraw 4% of your portfolio in year one, then adjust for inflation annually, and have a very high probability of not running out of money over 30 years.
The earliest you can claim Social Security is age 62, but benefits are permanently reduced. Full retirement age is 66–67 depending on your birth year. Delaying to 70 maximizes benefits.