Can I retire at age 60 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$264,253$261,899$259,603$257,361$255,172$249,816
2 years$130,818$128,382$126,021$123,731$121,511$116,140
3 years$86,346$83,899$81,544$79,276$77,091$71,873
4 years$64,114$61,675$59,343$57,114$54,982$49,957
5 years$50,778$48,354$46,053$43,869$41,797$36,978
6 years$41,891$39,484$37,217$35,082$33,072$28,466
7 years$35,545$33,159$30,928$28,843$26,897$22,504
8 years$30,788$28,423$26,229$24,196$22,313$18,132
9 years$27,090$24,748$22,591$20,609$18,791$14,819
10 years$24,133$21,814$19,696$17,766$16,011$12,244
11 years$21,716$19,420$17,340$15,461$13,770$10,203
12 years$19,703$17,430$15,388$13,562$11,933$8,561
13 years$18,000$15,752$13,749$11,973$10,406$7,223
14 years$16,543$14,318$12,353$10,628$9,121$6,121
15 years$15,281$13,080$11,153$9,478$8,031$5,207
16 years$14,177$12,000$10,112$8,487$7,098$4,444
17 years$13,205$11,052$9,202$7,625$6,294$3,802
18 years$12,341$10,212$8,400$6,872$5,596$3,260
19 years$11,569$9,465$7,690$6,210$4,988$2,801
20 years$10,876$8,795$7,057$5,624$4,455$2,410
21 years$10,249$8,192$6,491$5,104$3,987$2,076
22 years$9,680$7,647$5,983$4,641$3,574$1,791
23 years$9,161$7,152$5,524$4,226$3,208$1,546
24 years$8,686$6,701$5,109$3,855$2,883$1,336
25 years$8,250$6,289$4,732$3,520$2,595$1,156
26 years$7,848$5,910$4,388$3,219$2,337$1,000
27 years$7,477$5,562$4,075$2,946$2,107$866
28 years$7,132$5,241$3,788$2,699$1,901$750
29 years$6,812$4,945$3,525$2,475$1,717$650
30 years$6,514$4,670$3,284$2,272$1,551$563
31 years$6,235$4,414$3,061$2,087$1,402$488
32 years$5,975$4,177$2,856$1,918$1,269$424
33 years$5,731$3,956$2,667$1,763$1,148$368
34 years$5,501$3,749$2,492$1,622$1,039$319
35 years$5,286$3,556$2,330$1,494$942$277
36 years$5,082$3,375$2,179$1,376$853$240
37 years$4,890$3,206$2,040$1,267$773$209
38 years$4,709$3,046$1,910$1,168$701$181
39 years$4,538$2,897$1,790$1,077$636$157
40 years$4,375$2,756$1,677$993$577$137
41 years$4,221$2,624$1,573$917$523$119
42 years$4,074$2,499$1,475$846$475$103
43 years$3,935$2,381$1,384$781$431$89
44 years$3,802$2,269$1,300$721$391$78
45 years$3,676$2,164$1,220$666$355$67
46 years$3,555$2,064$1,146$615$322$59
47 years$3,440$1,970$1,077$568$293$51
48 years$3,330$1,881$1,012$525$266$44
49 years$3,225$1,796$951$485$241$38
50 years$3,124$1,715$894$449$219$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,200,000, adding $3,826 every year, while hoping to spend $53,530 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: 62/20/18 Blend
59$3,200,000$3,200,000$3,200,000$3,200,000
60$3,530,347$3,360,747$3,311,147$3,732,819
61$3,833,486$3,468,468$3,365,114$3,977,391
62$4,165,752$3,579,673$3,419,096$4,237,924
63$4,530,059$3,694,477$3,473,036$4,521,099
64$4,929,616$3,812,997$3,526,873$4,829,124
65$5,367,958$3,935,356$3,580,545$5,164,429
66$5,848,981$4,061,679$3,633,984$5,529,687
67$6,376,973$4,192,097$3,687,119$5,927,844
68$6,956,659$4,326,744$3,739,872$6,362,142
69$7,593,243$4,465,760$3,792,163$6,836,152
70$8,292,461$4,609,289$3,843,907$7,353,805
71$9,060,626$4,757,478$3,895,012$7,919,431
72$9,904,698$4,910,483$3,945,383$8,537,799
73$10,832,342$5,068,461$3,994,918$9,214,161
74$11,852,002$5,231,577$4,043,509$9,954,301
75$12,972,983$5,400,001$4,091,043$10,764,590
76$14,205,534$5,573,908$4,137,400$11,652,047
77$15,560,948$5,753,480$4,182,453$12,624,401
78$17,051,668$5,938,903$4,226,069$13,690,169
79$18,691,402$6,130,373$4,268,106$14,858,732
80$20,495,254$6,328,090$4,308,415$16,140,423
81$22,479,863$6,532,260$4,346,841$17,546,627
82$24,663,568$6,743,099$4,383,218$19,089,886
83$27,066,568$6,960,828$4,417,373$20,784,018
84$29,711,126$7,185,676$4,449,123$22,644,245
85$32,621,766$7,417,880$4,478,274$24,687,340
86$35,825,516$7,657,685$4,504,626$26,931,782
87$39,352,152$7,905,346$4,527,964$29,397,930
88$43,234,487$8,161,123$4,548,067$32,108,216
89$47,508,676$8,425,289$4,564,697$35,087,356
90$52,214,556$8,698,123$4,577,610$38,362,582
91$57,396,025$8,979,916$4,586,545$41,963,900
92$63,101,456$9,270,967$4,591,230$45,924,372
93$69,384,147$9,571,588$4,591,379$50,280,428
94$76,302,834$9,882,099$4,586,694$55,072,207
95$83,922,233$10,202,833$4,576,859$60,343,941
96$92,313,662$10,534,132$4,561,544$66,144,366
97$101,555,704$10,876,353$4,540,404$72,527,184
98$111,734,955$11,229,863$4,513,077$79,551,571
99$122,946,837$11,595,044$4,479,182$87,282,734
100$135,296,501$11,972,288$4,438,322$95,792,524