Can I retire at age 60 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$255,995$253,715$251,490$249,319$247,198$243,404
2 years$126,730$124,370$122,083$119,865$117,714$113,900
3 years$83,648$81,277$78,996$76,799$74,682$70,968
4 years$62,110$59,747$57,489$55,329$53,264$49,678
5 years$49,192$46,843$44,613$42,498$40,490$37,043
6 years$40,582$38,251$36,054$33,986$32,039$28,733
7 years$34,434$32,123$29,961$27,942$26,056$22,894
8 years$29,826$27,535$25,410$23,440$21,616$18,597
9 years$26,243$23,974$21,885$19,965$18,204$15,326
10 years$23,379$21,132$19,080$17,210$15,511$12,772
11 years$21,037$18,813$16,798$14,978$13,340$10,738
12 years$19,087$16,885$14,908$13,138$11,560$9,091
13 years$17,438$15,259$13,319$11,599$10,080$7,742
14 years$16,026$13,870$11,967$10,296$8,836$6,623
15 years$14,803$12,671$10,805$9,182$7,780$5,689
16 years$13,734$11,625$9,796$8,222$6,876$4,903
17 years$12,792$10,706$8,914$7,387$6,097$4,237
18 years$11,956$9,893$8,137$6,657$5,421$3,670
19 years$11,208$9,169$7,449$6,015$4,832$3,186
20 years$10,536$8,520$6,837$5,448$4,316$2,770
21 years$9,929$7,936$6,288$4,945$3,862$2,412
22 years$9,377$7,408$5,796$4,496$3,462$2,103
23 years$8,875$6,929$5,351$4,094$3,108$1,836
24 years$8,415$6,492$4,949$3,734$2,793$1,604
25 years$7,992$6,092$4,584$3,410$2,514$1,403
26 years$7,603$5,726$4,251$3,118$2,264$1,227
27 years$7,243$5,389$3,948$2,854$2,041$1,075
28 years$6,909$5,078$3,670$2,615$1,842$942
29 years$6,599$4,790$3,415$2,398$1,663$825
30 years$6,310$4,524$3,181$2,201$1,503$724
31 years$6,041$4,276$2,966$2,021$1,359$635
32 years$5,788$4,046$2,767$1,858$1,229$557
33 years$5,552$3,832$2,584$1,708$1,112$489
34 years$5,329$3,632$2,414$1,572$1,007$429
35 years$5,120$3,445$2,257$1,447$912$377
36 years$4,924$3,270$2,111$1,333$826$331
37 years$4,738$3,105$1,976$1,228$749$291
38 years$4,562$2,951$1,850$1,132$679$256
39 years$4,396$2,806$1,734$1,043$616$225
40 years$4,238$2,670$1,625$962$559$197
41 years$4,089$2,542$1,524$888$507$173
42 years$3,947$2,420$1,429$819$460$152
43 years$3,812$2,306$1,341$756$417$134
44 years$3,683$2,198$1,259$698$379$118
45 years$3,561$2,096$1,182$645$344$104
46 years$3,444$2,000$1,110$596$312$91
47 years$3,333$1,908$1,043$550$283$80
48 years$3,226$1,822$980$509$257$70
49 years$3,124$1,740$921$470$234$62
50 years$3,027$1,662$866$435$212$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,100,000, adding $3,816 every year, while hoping to spend $53,217 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: 44/43/13 Blend
59$3,100,000$3,100,000$3,100,000$3,100,000
60$3,420,136$3,255,836$3,207,786$3,557,671
61$3,712,368$3,358,750$3,258,625$3,756,877
62$4,032,623$3,464,922$3,309,382$3,966,999
63$4,383,705$3,574,458$3,360,001$4,193,570
64$4,768,699$3,687,462$3,410,417$4,438,126
65$5,191,005$3,804,047$3,460,565$4,702,357
66$5,654,367$3,924,325$3,510,374$4,988,120
67$6,162,910$4,048,414$3,559,768$5,297,457
68$6,721,175$4,176,435$3,608,669$5,632,616
69$7,334,167$4,308,512$3,656,992$5,996,069
70$8,007,399$4,444,776$3,704,647$6,390,533
71$8,746,942$4,585,359$3,751,542$6,819,002
72$9,559,487$4,730,398$3,797,575$7,284,767
73$10,452,402$4,880,035$3,842,641$7,791,452
74$11,433,807$5,034,416$3,886,630$8,343,044
75$12,512,646$5,193,693$3,929,422$8,943,934
76$13,698,773$5,358,022$3,970,895$9,598,952
77$15,003,045$5,527,562$4,010,917$10,313,419
78$16,437,423$5,702,480$4,049,351$11,093,190
79$18,015,086$5,882,947$4,086,049$11,944,714
80$19,750,553$6,069,140$4,120,861$12,875,089
81$21,659,823$6,261,241$4,153,623$13,892,135
82$23,760,521$6,459,439$4,184,166$15,004,460
83$26,072,070$6,663,927$4,212,311$16,221,544
84$28,615,868$6,874,906$4,237,871$17,553,829
85$31,415,494$7,092,584$4,260,646$19,012,816
86$34,496,927$7,317,173$4,280,431$20,611,168
87$37,888,793$7,548,894$4,297,005$22,362,838
88$41,622,635$7,787,975$4,310,139$24,283,191
89$45,733,208$8,034,650$4,319,593$26,389,153
90$50,258,809$8,289,161$4,325,113$28,699,369
91$55,241,637$8,551,759$4,326,434$31,234,379
92$60,728,190$8,822,702$4,323,276$34,016,807
93$66,769,708$9,102,257$4,315,348$37,071,579
94$73,422,648$9,390,697$4,302,342$40,426,154
95$80,749,225$9,688,308$4,283,937$44,110,784
96$88,817,992$9,995,382$4,259,795$48,158,797
97$97,704,493$10,312,221$4,229,564$52,606,909
98$107,491,970$10,639,138$4,192,873$57,495,577
99$118,272,150$10,976,455$4,149,333$62,869,369
100$130,146,112$11,324,505$4,098,539$68,777,394