Generally speaking, you can rollover a 401(k) to an IRA anytime (unless the plan is under $5k or you're 62+ yrs old). The 60-days comes into effect if you take any sort of distribution from a qualified (tax-deferred) retirement plan; those funds become taxable once withdrawn, unless you put them back into another 401(k) or IRA within 60 days.
Are you planning on going back to work at some point? You can also transfer funds from your old 401(k) into a new 401(k), provided the new employer's plan allows it.
However, I strongly recommend you rollover the 401(k) to an IRA account, which allows you to control the investments you make in it. Check out Vanguard or Fidelity for account options. If you served in the military (or had parents/immediate family that did) check out USAA.com for IRA options as well.