Early retirement planning

How much to retire at 60?

Retiring at 60 is achievable for many people — it requires 25–28× annual expenses and a savings rate of 20–30% over a working career. Here's how to calculate your exact number.

4%

Safe withdrawal rate at 60

25×

Annual expenses = FIRE number

30 yrs

Retirement to age 90

The formula for retiring at 60

Retirement number at 60 = Annual expenses × 25At 60, a 4% withdrawal rate is appropriate for a 30-year retirement.
$40,000/year expenses → $1,000,000 needed
$60,000/year expenses → $1,500,000 needed
$80,000/year expenses → $2,000,000 needed

If you plan to live past 90 or want more margin, use 3.5% (28× expenses). Most financial planners consider 4% appropriate for a 60-year-old with a 30-year expected retirement.

State pension considerations

At 60, you're typically within 5–10 years of state pension eligibility. Factor this in: if state pension will cover $12,000/year from age 67, you only need your portfolio to cover the remaining expenses — significantly reducing your required savings.

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