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%17.5%
1 years$255,995$253,715$251,490$249,319$247,198$239,669
2 years$126,730$124,370$122,083$119,865$117,714$110,193
3 years$83,648$81,277$78,996$76,799$74,682$67,406
4 years$62,110$59,747$57,489$55,329$53,264$46,287
5 years$49,192$46,843$44,613$42,498$40,490$33,833
6 years$40,582$38,251$36,054$33,986$32,039$25,705
7 years$34,434$32,123$29,961$27,942$26,056$20,047
8 years$29,826$27,535$25,410$23,440$21,616$15,928
9 years$26,243$23,974$21,885$19,965$18,204$12,830
10 years$23,379$21,132$19,080$17,210$15,511$10,443
11 years$21,037$18,813$16,798$14,978$13,340$8,570
12 years$19,087$16,885$14,908$13,138$11,560$7,078
13 years$17,438$15,259$13,319$11,599$10,080$5,876
14 years$16,026$13,870$11,967$10,296$8,836$4,899
15 years$14,803$12,671$10,805$9,182$7,780$4,098
16 years$13,734$11,625$9,796$8,222$6,876$3,438
17 years$12,792$10,706$8,914$7,387$6,097$2,890
18 years$11,956$9,893$8,137$6,657$5,421$2,435
19 years$11,208$9,169$7,449$6,015$4,832$2,054
20 years$10,536$8,520$6,837$5,448$4,316$1,736
21 years$9,929$7,936$6,288$4,945$3,862$1,468
22 years$9,377$7,408$5,796$4,496$3,462$1,243
23 years$8,875$6,929$5,351$4,094$3,108$1,053
24 years$8,415$6,492$4,949$3,734$2,793$893
25 years$7,992$6,092$4,584$3,410$2,514$758
26 years$7,603$5,726$4,251$3,118$2,264$643
27 years$7,243$5,389$3,948$2,854$2,041$546
28 years$6,909$5,078$3,670$2,615$1,842$464
29 years$6,599$4,790$3,415$2,398$1,663$394
30 years$6,310$4,524$3,181$2,201$1,503$335
31 years$6,041$4,276$2,966$2,021$1,359$285
32 years$5,788$4,046$2,767$1,858$1,229$242
33 years$5,552$3,832$2,584$1,708$1,112$206
34 years$5,329$3,632$2,414$1,572$1,007$175
35 years$5,120$3,445$2,257$1,447$912$149
36 years$4,924$3,270$2,111$1,333$826$127
37 years$4,738$3,105$1,976$1,228$749$108
38 years$4,562$2,951$1,850$1,132$679$92
39 years$4,396$2,806$1,734$1,043$616$78
40 years$4,238$2,670$1,625$962$559$66
41 years$4,089$2,542$1,524$888$507$56
42 years$3,947$2,420$1,429$819$460$48
43 years$3,812$2,306$1,341$756$417$41
44 years$3,683$2,198$1,259$698$379$35
45 years$3,561$2,096$1,182$645$344$30
46 years$3,444$2,000$1,110$596$312$25
47 years$3,333$1,908$1,043$550$283$21
48 years$3,226$1,822$980$509$257$18
49 years$3,124$1,740$921$470$234$16
50 years$3,027$1,662$866$435$212$13

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 $4,491 every year, while hoping to spend $53,327 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: 76/13/11 Blend
59$3,100,000$3,100,000$3,100,000$3,100,000
60$3,420,832$3,256,532$3,208,482$3,673,460
61$3,713,018$3,359,363$3,259,227$3,943,337
62$4,033,219$3,465,445$3,309,884$4,231,894
63$4,384,237$3,574,881$3,360,395$4,546,706
64$4,769,157$3,687,779$3,410,696$4,890,365
65$5,191,377$3,804,246$3,460,721$5,265,725
66$5,654,641$3,924,397$3,510,398$5,675,927
67$6,163,070$4,048,348$3,559,652$6,124,432
68$6,721,206$4,176,221$3,608,404$6,615,051
69$7,334,052$4,308,138$3,656,568$7,151,981
70$8,007,117$4,444,228$3,704,055$7,739,844
71$8,746,472$4,584,625$3,750,769$8,383,732
72$9,558,804$4,729,463$3,796,612$9,089,253
73$10,451,479$4,878,885$3,841,476$9,862,584
74$11,432,615$5,033,035$3,885,251$10,710,530
75$12,511,152$5,192,063$3,927,817$11,640,586
76$13,696,940$5,356,125$3,969,049$12,661,010
77$15,000,833$5,525,380$4,008,817$13,780,898
78$16,434,787$5,699,993$4,046,982$15,010,271
79$18,011,976$5,880,134$4,083,397$16,360,169
80$19,746,916$6,065,978$4,117,908$17,842,756
81$21,655,597$6,257,707$4,150,354$19,471,431
82$23,755,640$6,455,507$4,180,563$21,260,959
83$26,066,459$6,659,571$4,208,356$23,227,604
84$28,609,446$6,870,098$4,233,544$25,389,290
85$31,408,170$7,087,293$4,255,928$27,765,760
86$34,488,602$7,311,369$4,275,300$30,378,772
87$37,879,357$7,542,544$4,291,441$33,252,298
88$41,611,966$7,781,043$4,304,118$36,412,748
89$45,721,172$8,027,099$4,313,091$39,889,227
90$50,245,257$8,280,953$4,318,106$43,713,800
91$55,226,406$8,542,852$4,318,895$47,921,801
92$60,711,100$8,813,053$4,315,179$52,552,164
93$66,750,559$9,091,818$4,306,663$57,647,788
94$73,401,220$9,379,422$4,293,041$63,255,943
95$80,725,275$9,676,144$4,273,988$69,428,720
96$88,791,253$9,982,275$4,249,167$76,223,512
97$97,674,669$10,298,115$4,218,222$83,703,568
98$107,458,735$10,623,972$4,180,782$91,938,577
99$118,235,145$10,960,166$4,136,458$101,005,337
100$130,104,940$11,307,025$4,084,840$110,988,469