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%19.3%
1 years$264,253$261,899$259,603$257,361$255,172$245,631
2 years$130,818$128,382$126,021$123,731$121,511$112,007
3 years$86,346$83,899$81,544$79,276$77,091$67,924
4 years$64,114$61,675$59,343$57,114$54,982$46,222
5 years$50,778$48,354$46,053$43,869$41,797$33,465
6 years$41,891$39,484$37,217$35,082$33,072$25,176
7 years$35,545$33,159$30,928$28,843$26,897$19,434
8 years$30,788$28,423$26,229$24,196$22,313$15,277
9 years$27,090$24,748$22,591$20,609$18,791$12,171
10 years$24,133$21,814$19,696$17,766$16,011$9,795
11 years$21,716$19,420$17,340$15,461$13,770$7,945
12 years$19,703$17,430$15,388$13,562$11,933$6,484
13 years$18,000$15,752$13,749$11,973$10,406$5,317
14 years$16,543$14,318$12,353$10,628$9,121$4,378
15 years$15,281$13,080$11,153$9,478$8,031$3,615
16 years$14,177$12,000$10,112$8,487$7,098$2,994
17 years$13,205$11,052$9,202$7,625$6,294$2,484
18 years$12,341$10,212$8,400$6,872$5,596$2,065
19 years$11,569$9,465$7,690$6,210$4,988$1,718
20 years$10,876$8,795$7,057$5,624$4,455$1,432
21 years$10,249$8,192$6,491$5,104$3,987$1,195
22 years$9,680$7,647$5,983$4,641$3,574$997
23 years$9,161$7,152$5,524$4,226$3,208$833
24 years$8,686$6,701$5,109$3,855$2,883$696
25 years$8,250$6,289$4,732$3,520$2,595$582
26 years$7,848$5,910$4,388$3,219$2,337$487
27 years$7,477$5,562$4,075$2,946$2,107$408
28 years$7,132$5,241$3,788$2,699$1,901$341
29 years$6,812$4,945$3,525$2,475$1,717$286
30 years$6,514$4,670$3,284$2,272$1,551$239
31 years$6,235$4,414$3,061$2,087$1,402$200
32 years$5,975$4,177$2,856$1,918$1,269$168
33 years$5,731$3,956$2,667$1,763$1,148$141
34 years$5,501$3,749$2,492$1,622$1,039$118
35 years$5,286$3,556$2,330$1,494$942$99
36 years$5,082$3,375$2,179$1,376$853$83
37 years$4,890$3,206$2,040$1,267$773$69
38 years$4,709$3,046$1,910$1,168$701$58
39 years$4,538$2,897$1,790$1,077$636$49
40 years$4,375$2,756$1,677$993$577$41
41 years$4,221$2,624$1,573$917$523$34
42 years$4,074$2,499$1,475$846$475$29
43 years$3,935$2,381$1,384$781$431$24
44 years$3,802$2,269$1,300$721$391$20
45 years$3,676$2,164$1,220$666$355$17
46 years$3,555$2,064$1,146$615$322$14
47 years$3,440$1,970$1,077$568$293$12
48 years$3,330$1,881$1,012$525$266$10
49 years$3,225$1,796$951$485$241$8
50 years$3,124$1,715$894$449$219$7

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 $5,276 every year, while hoping to spend $31,405 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: 63/10/27 Blend
59$3,200,000$3,200,000$3,200,000$3,200,000
60$3,531,842$3,362,242$3,312,642$3,728,667
61$3,858,675$3,493,577$3,390,201$3,994,032
62$4,217,793$3,630,295$3,469,306$4,279,851
63$4,612,455$3,772,627$3,549,974$4,591,375
64$5,046,253$3,920,813$3,632,226$4,931,127
65$5,523,142$4,075,105$3,716,077$5,301,886
66$6,047,483$4,235,765$3,801,546$5,706,711
67$6,624,078$4,403,069$3,888,649$6,148,970
68$7,258,217$4,577,302$3,977,402$6,632,370
69$7,955,731$4,758,766$4,067,821$7,160,994
70$8,723,042$4,947,772$4,159,919$7,739,340
71$9,567,227$5,144,648$4,253,712$8,372,357
72$10,496,084$5,349,736$4,349,211$9,065,500
73$11,518,204$5,563,392$4,446,429$9,824,774
74$12,643,053$5,785,991$4,545,377$10,656,792
75$13,881,062$6,017,921$4,646,064$11,568,841
76$15,243,722$6,259,592$4,748,499$12,568,944
77$16,743,698$6,511,428$4,852,690$13,665,940
78$18,394,943$6,773,875$4,958,642$14,869,564
79$20,212,831$7,047,399$5,066,361$16,190,541
80$22,214,304$7,332,486$5,175,848$17,640,686
81$24,418,030$7,629,645$5,287,106$19,233,011
82$26,844,579$7,939,407$5,400,134$20,981,854
83$29,516,617$8,262,329$5,514,930$22,903,008
84$32,459,120$8,598,992$5,631,488$25,013,875
85$35,699,611$8,950,003$5,749,804$27,333,622
86$39,268,417$9,315,998$5,869,867$29,883,370
87$43,198,954$9,697,641$5,991,667$32,686,386
88$47,528,050$10,095,627$6,115,190$35,768,306
89$52,296,281$10,510,683$6,240,419$39,157,372
90$57,548,363$10,943,569$6,367,335$42,884,704
91$63,333,571$11,395,078$6,495,915$46,984,587
92$69,706,201$11,866,043$6,626,134$51,494,799
93$76,726,086$12,357,331$6,757,962$56,456,962
94$84,459,160$12,869,854$6,891,367$61,916,938
95$92,978,078$13,404,560$7,026,312$67,925,257
96$102,362,905$13,962,447$7,162,756$74,537,600
97$112,701,867$14,544,552$7,300,654$81,815,314
98$124,092,189$15,151,967$7,439,957$89,826,000
99$136,641,008$15,785,829$7,580,611$98,644,143
100$150,466,386$16,447,329$7,722,557$108,351,818