Can I retire at age 60 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$297,285$294,637$292,053$289,531$287,069$279,336
2 years$147,171$144,430$141,773$139,198$136,700$128,964
3 years$97,139$94,386$91,737$89,185$86,728$79,232
4 years$72,128$69,384$66,761$64,253$61,855$54,656
5 years$57,126$54,398$51,809$49,352$47,021$40,139
6 years$47,127$44,420$41,869$39,468$37,206$30,648
7 years$39,988$37,304$34,794$32,448$30,259$24,024
8 years$34,637$31,976$29,508$27,220$25,102$19,188
9 years$30,476$27,841$25,415$23,186$21,140$15,541
10 years$27,150$24,541$22,157$19,986$18,012$12,721
11 years$24,430$21,847$19,507$17,394$15,491$10,500
12 years$22,165$19,609$17,312$15,257$13,424$8,724
13 years$20,251$17,721$15,467$13,470$11,706$7,287
14 years$18,611$16,107$13,897$11,957$10,262$6,113
15 years$17,191$14,714$12,547$10,663$9,035$5,146
16 years$15,949$13,500$11,376$9,548$7,985$4,345
17 years$14,855$12,433$10,352$8,579$7,080$3,677
18 years$13,884$11,489$9,450$7,731$6,295$3,118
19 years$13,016$10,648$8,651$6,986$5,611$2,649
20 years$12,235$9,894$7,939$6,327$5,012$2,254
21 years$11,530$9,216$7,303$5,742$4,485$1,919
22 years$10,890$8,603$6,731$5,221$4,020$1,637
23 years$10,306$8,046$6,214$4,755$3,609$1,397
24 years$9,772$7,539$5,747$4,337$3,244$1,193
25 years$9,281$7,075$5,323$3,960$2,919$1,019
26 years$8,829$6,649$4,937$3,621$2,629$871
27 years$8,411$6,258$4,584$3,315$2,371$745
28 years$8,024$5,897$4,262$3,037$2,139$638
29 years$7,664$5,563$3,966$2,785$1,931$546
30 years$7,328$5,253$3,694$2,556$1,745$467
31 years$7,015$4,966$3,444$2,347$1,578$400
32 years$6,722$4,699$3,213$2,157$1,427$343
33 years$6,447$4,450$3,000$1,984$1,292$294
34 years$6,189$4,218$2,803$1,825$1,169$252
35 years$5,946$4,000$2,621$1,680$1,059$216
36 years$5,718$3,797$2,452$1,547$960$185
37 years$5,502$3,606$2,295$1,426$870$158
38 years$5,298$3,427$2,149$1,314$789$136
39 years$5,105$3,259$2,013$1,212$715$116
40 years$4,922$3,101$1,887$1,118$649$100
41 years$4,748$2,951$1,770$1,031$588$86
42 years$4,583$2,811$1,660$952$534$73
43 years$4,427$2,678$1,558$878$485$63
44 years$4,277$2,553$1,462$811$440$54
45 years$4,135$2,434$1,373$749$399$46
46 years$3,999$2,322$1,289$692$363$40
47 years$3,870$2,216$1,211$639$329$34
48 years$3,746$2,116$1,138$591$299$29
49 years$3,628$2,020$1,070$546$272$25
50 years$3,515$1,930$1,006$505$247$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,600,000, adding $2,347 every year, while hoping to spend $43,417 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: 48/47/5 Blend
59$3,600,000$3,600,000$3,600,000$3,600,000
60$3,969,621$3,778,821$3,723,021$4,155,052
61$4,328,327$3,917,788$3,801,547$4,420,947
62$4,722,166$4,062,109$3,881,248$4,704,652
63$5,154,675$4,212,001$3,962,118$5,011,623
64$5,629,752$4,367,689$4,044,150$5,344,032
65$6,151,690$4,529,409$4,127,332$5,704,265
66$6,725,218$4,697,406$4,211,653$6,094,945
67$7,355,547$4,871,935$4,297,100$6,518,952
68$8,048,417$5,053,264$4,383,657$6,979,455
69$8,810,151$5,241,670$4,471,305$7,479,934
70$9,647,718$5,437,443$4,560,025$8,024,217
71$10,568,792$5,640,884$4,649,793$8,616,512
72$11,581,832$5,852,311$4,740,584$9,261,447
73$12,696,155$6,072,050$4,832,370$9,964,111
74$13,922,028$6,300,446$4,925,119$10,730,103
75$15,270,762$6,537,855$5,018,798$11,565,580
76$16,754,820$6,784,650$5,113,368$12,477,318
77$18,387,936$7,041,222$5,208,790$13,472,770
78$20,185,239$7,307,975$5,305,018$14,560,137
79$22,163,401$7,585,334$5,402,004$15,748,446
80$24,340,793$7,873,741$5,499,697$17,047,628
81$26,737,656$8,173,656$5,598,039$18,468,615
82$29,376,294$8,485,562$5,696,969$20,023,439
83$32,281,281$8,809,960$5,796,423$21,725,343
84$35,479,698$9,147,374$5,896,329$23,588,908
85$39,001,384$9,498,352$5,996,613$25,630,183
86$42,879,218$9,863,465$6,097,193$27,866,837
87$47,149,432$10,243,308$6,197,983$30,318,324
88$51,851,949$10,638,505$6,298,890$33,006,066
89$57,030,761$11,049,704$6,399,816$35,953,647
90$62,734,343$11,477,585$6,500,654$39,187,038
91$69,016,114$11,922,855$6,601,294$42,734,839
92$75,934,936$12,386,253$6,701,616$46,628,545
93$83,555,672$12,868,552$6,801,493$50,902,839
94$91,949,798$13,370,558$6,900,790$55,595,919
95$101,196,075$13,893,113$6,999,364$60,749,857
96$111,381,295$14,437,095$7,097,063$66,410,987
97$122,601,098$15,003,425$7,193,726$72,630,345
98$134,960,878$15,593,060$7,289,183$79,464,142
99$148,576,771$16,207,004$7,383,254$86,974,296
100$163,576,756$16,846,301$7,475,748$95,229,009