Can I retire at age 60 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$289,027$286,452$283,940$281,489$279,095$273,125
2 years$143,083$140,418$137,835$135,331$132,902$126,917
3 years$94,441$91,765$89,188$86,708$84,319$78,504
4 years$70,125$67,457$64,906$62,468$60,137$54,539
5 years$55,539$52,887$50,370$47,982$45,715$40,349
6 years$45,818$43,186$40,706$38,371$36,173$31,044
7 years$38,878$36,268$33,827$31,547$29,418$24,528
8 years$33,674$31,088$28,688$26,464$24,405$19,752
9 years$29,630$27,068$24,709$22,542$20,553$16,133
10 years$26,396$23,859$21,542$19,431$17,512$13,321
11 years$23,752$21,240$18,965$16,911$15,061$11,094
12 years$21,550$19,064$16,831$14,833$13,051$9,302
13 years$19,688$17,228$15,038$13,095$11,381$7,843
14 years$18,094$15,660$13,511$11,625$9,977$6,642
15 years$16,713$14,306$12,199$10,367$8,784$5,647
16 years$15,506$13,125$11,060$9,283$7,763$4,815
17 years$14,443$12,088$10,064$8,340$6,884$4,117
18 years$13,498$11,170$9,187$7,516$6,121$3,528
19 years$12,654$10,352$8,411$6,792$5,455$3,028
20 years$11,895$9,620$7,719$6,151$4,873$2,604
21 years$11,210$8,960$7,100$5,583$4,361$2,242
22 years$10,587$8,364$6,544$5,076$3,909$1,932
23 years$10,020$7,823$6,042$4,623$3,509$1,667
24 years$9,501$7,329$5,588$4,216$3,154$1,439
25 years$9,024$6,878$5,175$3,850$2,838$1,244
26 years$8,584$6,464$4,800$3,521$2,556$1,075
27 years$8,177$6,084$4,457$3,223$2,305$930
28 years$7,801$5,733$4,143$2,953$2,080$805
29 years$7,451$5,408$3,856$2,708$1,878$697
30 years$7,124$5,107$3,592$2,485$1,697$604
31 years$6,820$4,828$3,348$2,282$1,534$523
32 years$6,535$4,569$3,124$2,097$1,388$453
33 years$6,268$4,326$2,917$1,929$1,256$393
34 years$6,017$4,100$2,725$1,775$1,137$341
35 years$5,781$3,889$2,548$1,634$1,030$295
36 years$5,559$3,691$2,384$1,504$933$256
37 years$5,349$3,506$2,231$1,386$846$222
38 years$5,151$3,332$2,089$1,278$767$193
39 years$4,963$3,168$1,957$1,178$695$167
40 years$4,785$3,014$1,835$1,087$631$145
41 years$4,616$2,869$1,720$1,003$572$126
42 years$4,456$2,733$1,614$925$519$109
43 years$4,304$2,604$1,514$854$471$95
44 years$4,158$2,482$1,421$789$428$82
45 years$4,020$2,367$1,335$728$388$71
46 years$3,888$2,258$1,254$673$352$62
47 years$3,763$2,155$1,178$622$320$54
48 years$3,642$2,057$1,107$574$291$47
49 years$3,527$1,964$1,040$531$264$41
50 years$3,417$1,876$978$491$240$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,500,000, adding $5,356 every year, while hoping to spend $28,715 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: 40/30/30 Blend
59$3,500,000$3,500,000$3,500,000$3,500,000
60$3,862,525$3,677,025$3,622,775$3,982,640
61$4,225,950$3,826,646$3,713,585$4,220,444
62$4,625,482$3,982,637$3,806,475$4,474,512
63$5,064,773$4,145,279$3,901,485$4,748,857
64$5,547,848$4,314,866$3,998,653$5,045,360
65$6,079,141$4,491,706$4,098,020$5,366,083
66$6,663,536$4,676,122$4,199,626$5,713,295
67$7,306,415$4,868,451$4,303,512$6,089,486
68$8,013,709$5,069,045$4,409,719$6,497,393
69$8,791,951$5,278,272$4,518,289$6,940,026
70$9,648,341$5,496,517$4,629,262$7,420,693
71$10,590,809$5,724,185$4,742,680$7,943,028
72$11,628,098$5,961,695$4,858,585$8,511,032
73$12,769,836$6,209,491$4,977,020$9,129,101
74$14,026,634$6,468,031$5,098,026$9,802,070
75$15,410,187$6,737,800$5,221,645$10,535,259
76$16,933,375$7,019,302$5,347,920$11,334,518
77$18,610,397$7,313,065$5,476,892$12,206,284
78$20,456,894$7,619,642$5,608,605$13,157,641
79$22,490,103$7,939,610$5,743,099$14,196,380
80$24,729,017$8,273,575$5,880,416$15,331,078
81$27,194,566$8,622,169$6,020,599$16,571,172
82$29,909,811$8,986,055$6,163,689$17,927,049
83$32,900,165$9,365,925$6,309,726$19,410,142
84$36,193,632$9,762,505$6,458,752$21,033,036
85$39,821,068$10,176,553$6,610,805$22,809,584
86$43,816,476$10,608,864$6,765,927$24,755,036
87$48,217,327$11,060,268$6,924,155$26,886,184
88$53,064,908$11,531,636$7,085,529$29,221,512
89$58,404,720$12,023,877$7,250,085$31,781,376
90$64,286,899$12,537,944$7,417,860$34,588,186
91$70,766,694$13,074,835$7,588,890$37,666,623
92$77,904,988$13,635,593$7,763,209$41,043,861
93$85,768,871$14,221,311$7,940,851$44,749,829
94$94,432,274$14,833,134$8,121,848$48,817,486
95$103,976,666$15,472,257$8,306,229$53,283,129
96$114,491,823$16,139,935$8,494,025$58,186,735
97$126,076,676$16,837,479$8,685,262$63,572,336
98$138,840,245$17,566,264$8,879,967$69,488,426
99$152,902,666$18,327,727$9,078,162$75,988,423
100$168,396,327$19,123,374$9,279,869$83,131,163