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%13.3%
1 years$264,253$261,899$259,603$257,361$255,172$251,671
2 years$130,818$128,382$126,021$123,731$121,511$117,989
3 years$86,346$83,899$81,544$79,276$77,091$73,659
4 years$64,114$61,675$59,343$57,114$54,982$51,666
5 years$50,778$48,354$46,053$43,869$41,797$38,606
6 years$41,891$39,484$37,217$35,082$33,072$30,011
7 years$35,545$33,159$30,928$28,843$26,897$23,966
8 years$30,788$28,423$26,229$24,196$22,313$19,512
9 years$27,090$24,748$22,591$20,609$18,791$16,119
10 years$24,133$21,814$19,696$17,766$16,011$13,466
11 years$21,716$19,420$17,340$15,461$13,770$11,349
12 years$19,703$17,430$15,388$13,562$11,933$9,633
13 years$18,000$15,752$13,749$11,973$10,406$8,225
14 years$16,543$14,318$12,353$10,628$9,121$7,056
15 years$15,281$13,080$11,153$9,478$8,031$6,077
16 years$14,177$12,000$10,112$8,487$7,098$5,252
17 years$13,205$11,052$9,202$7,625$6,294$4,551
18 years$12,341$10,212$8,400$6,872$5,596$3,954
19 years$11,569$9,465$7,690$6,210$4,988$3,442
20 years$10,876$8,795$7,057$5,624$4,455$3,002
21 years$10,249$8,192$6,491$5,104$3,987$2,622
22 years$9,680$7,647$5,983$4,641$3,574$2,293
23 years$9,161$7,152$5,524$4,226$3,208$2,008
24 years$8,686$6,701$5,109$3,855$2,883$1,760
25 years$8,250$6,289$4,732$3,520$2,595$1,544
26 years$7,848$5,910$4,388$3,219$2,337$1,355
27 years$7,477$5,562$4,075$2,946$2,107$1,190
28 years$7,132$5,241$3,788$2,699$1,901$1,046
29 years$6,812$4,945$3,525$2,475$1,717$920
30 years$6,514$4,670$3,284$2,272$1,551$809
31 years$6,235$4,414$3,061$2,087$1,402$712
32 years$5,975$4,177$2,856$1,918$1,269$627
33 years$5,731$3,956$2,667$1,763$1,148$552
34 years$5,501$3,749$2,492$1,622$1,039$487
35 years$5,286$3,556$2,330$1,494$942$429
36 years$5,082$3,375$2,179$1,376$853$378
37 years$4,890$3,206$2,040$1,267$773$333
38 years$4,709$3,046$1,910$1,168$701$294
39 years$4,538$2,897$1,790$1,077$636$259
40 years$4,375$2,756$1,677$993$577$228
41 years$4,221$2,624$1,573$917$523$201
42 years$4,074$2,499$1,475$846$475$178
43 years$3,935$2,381$1,384$781$431$157
44 years$3,802$2,269$1,300$721$391$138
45 years$3,676$2,164$1,220$666$355$122
46 years$3,555$2,064$1,146$615$322$108
47 years$3,440$1,970$1,077$568$293$95
48 years$3,330$1,881$1,012$525$266$84
49 years$3,225$1,796$951$485$241$74
50 years$3,124$1,715$894$449$219$65

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 $2,317 every year, while hoping to spend $26,412 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: 51/41/8 Blend
59$3,200,000$3,200,000$3,200,000$3,200,000
60$3,528,790$3,359,190$3,309,590$3,701,463
61$3,860,624$3,495,688$3,392,359$3,955,791
62$4,225,421$3,637,989$3,477,016$4,229,081
63$4,626,513$3,786,350$3,563,595$4,525,539
64$5,067,575$3,941,039$3,652,133$4,847,345
65$5,552,654$4,102,336$3,742,666$5,196,899
66$6,086,209$4,270,535$3,835,229$5,576,836
67$6,673,152$4,445,941$3,929,860$5,990,052
68$7,318,898$4,628,876$4,026,594$6,439,730
69$8,029,409$4,819,676$4,125,469$6,929,370
70$8,811,259$5,018,689$4,226,522$7,462,819
71$9,671,687$5,226,284$4,329,790$8,044,307
72$10,618,671$5,442,845$4,435,310$8,678,486
73$11,661,003$5,668,771$4,543,120$9,370,473
74$12,808,368$5,904,484$4,653,258$10,125,895
75$14,071,439$6,150,422$4,765,760$10,950,943
76$15,461,978$6,407,044$4,880,664$11,852,426
77$16,992,941$6,674,831$4,998,008$12,837,838
78$18,678,609$6,954,286$5,117,830$13,915,424
79$20,534,716$7,245,934$5,240,165$15,094,254
80$22,578,598$7,550,326$5,365,052$16,384,314
81$24,829,360$7,868,037$5,492,527$17,796,591
82$27,308,054$8,199,670$5,622,626$19,343,179
83$30,037,877$8,545,856$5,755,385$21,037,388
84$33,044,391$8,907,253$5,890,841$22,893,873
85$36,355,763$9,284,552$6,029,027$24,928,763
86$40,003,031$9,678,475$6,169,980$27,159,816
87$44,020,398$10,089,779$6,313,733$29,606,584
88$48,445,554$10,519,253$6,460,318$32,290,591
89$53,320,031$10,967,727$6,609,769$35,235,538
90$58,689,594$11,436,066$6,762,117$38,467,522
91$64,604,678$11,925,178$6,917,393$42,015,280
92$71,120,855$12,436,012$7,075,626$45,910,457
93$78,299,367$12,969,562$7,236,844$50,187,902
94$86,207,700$13,526,867$7,401,075$54,885,991
95$94,920,219$14,109,017$7,568,345$60,046,992
96$104,518,873$14,717,151$7,738,677$65,717,454
97$115,093,970$15,352,463$7,912,094$71,948,645
98$126,745,022$16,016,202$8,088,617$78,797,034
99$139,581,694$16,709,675$8,268,264$86,324,817
100$153,724,829$17,434,251$8,451,053$94,600,504