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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$297,285$294,637$292,053$289,531$287,069$281,619
2 years$147,171$144,430$141,773$139,198$136,700$131,230
3 years$97,139$94,386$91,737$89,185$86,728$81,409
4 years$72,128$69,384$66,761$64,253$61,855$56,728
5 years$57,126$54,398$51,809$49,352$47,021$42,101
6 years$47,127$44,420$41,869$39,468$37,206$32,498
7 years$39,988$37,304$34,794$32,448$30,259$25,763
8 years$34,637$31,976$29,508$27,220$25,102$20,819
9 years$30,476$27,841$25,415$23,186$21,140$17,066
10 years$27,150$24,541$22,157$19,986$18,012$14,144
11 years$24,430$21,847$19,507$17,394$15,491$11,824
12 years$22,165$19,609$17,312$15,257$13,424$9,953
13 years$20,251$17,721$15,467$13,470$11,706$8,425
14 years$18,611$16,107$13,897$11,957$10,262$7,165
15 years$17,191$14,714$12,547$10,663$9,035$6,116
16 years$15,949$13,500$11,376$9,548$7,985$5,238
17 years$14,855$12,433$10,352$8,579$7,080$4,497
18 years$13,884$11,489$9,450$7,731$6,295$3,870
19 years$13,016$10,648$8,651$6,986$5,611$3,337
20 years$12,235$9,894$7,939$6,327$5,012$2,882
21 years$11,530$9,216$7,303$5,742$4,485$2,493
22 years$10,890$8,603$6,731$5,221$4,020$2,159
23 years$10,306$8,046$6,214$4,755$3,609$1,871
24 years$9,772$7,539$5,747$4,337$3,244$1,623
25 years$9,281$7,075$5,323$3,960$2,919$1,409
26 years$8,829$6,649$4,937$3,621$2,629$1,225
27 years$8,411$6,258$4,584$3,315$2,371$1,064
28 years$8,024$5,897$4,262$3,037$2,139$926
29 years$7,664$5,563$3,966$2,785$1,931$806
30 years$7,328$5,253$3,694$2,556$1,745$701
31 years$7,015$4,966$3,444$2,347$1,578$611
32 years$6,722$4,699$3,213$2,157$1,427$532
33 years$6,447$4,450$3,000$1,984$1,292$463
34 years$6,189$4,218$2,803$1,825$1,169$404
35 years$5,946$4,000$2,621$1,680$1,059$352
36 years$5,718$3,797$2,452$1,547$960$307
37 years$5,502$3,606$2,295$1,426$870$267
38 years$5,298$3,427$2,149$1,314$789$233
39 years$5,105$3,259$2,013$1,212$715$203
40 years$4,922$3,101$1,887$1,118$649$177
41 years$4,748$2,951$1,770$1,031$588$155
42 years$4,583$2,811$1,660$952$534$135
43 years$4,427$2,678$1,558$878$485$118
44 years$4,277$2,553$1,462$811$440$103
45 years$4,135$2,434$1,373$749$399$89
46 years$3,999$2,322$1,289$692$363$78
47 years$3,870$2,216$1,211$639$329$68
48 years$3,746$2,116$1,138$591$299$59
49 years$3,628$2,020$1,070$546$272$52
50 years$3,515$1,930$1,006$505$247$45

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 $2,440 every year, while hoping to spend $36,638 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: 73/14/13 Blend
59$3,600,000$3,600,000$3,600,000$3,600,000
60$3,969,717$3,778,917$3,723,117$4,248,454
61$4,335,645$3,925,101$3,808,859$4,579,373
62$4,737,671$4,077,221$3,896,245$4,936,972
63$5,179,436$4,235,527$3,985,292$5,327,676
64$5,664,955$4,400,285$4,076,016$5,754,754
65$6,198,649$4,571,767$4,168,431$6,221,805
66$6,785,390$4,750,262$4,262,552$6,732,793
67$7,430,544$4,936,070$4,358,392$7,292,081
68$8,140,025$5,129,503$4,455,964$7,904,474
69$8,920,347$5,330,888$4,555,278$8,575,262
70$9,778,689$5,540,568$4,656,346$9,310,270
71$10,722,958$5,758,898$4,759,176$10,115,916
72$11,761,868$5,986,253$4,863,777$10,999,264
73$12,905,019$6,223,020$4,970,155$11,968,095
74$14,162,991$6,469,607$5,078,314$13,030,981
75$15,547,438$6,726,440$5,188,260$14,197,361
76$17,071,202$6,993,962$5,299,992$15,477,631
77$18,748,436$7,272,637$5,413,513$16,883,244
78$20,594,730$7,562,950$5,528,820$18,426,815
79$22,627,266$7,865,408$5,645,909$20,122,237
80$24,864,975$8,180,540$5,764,774$21,984,819
81$27,328,716$8,508,900$5,885,408$24,031,420
82$30,041,476$8,851,067$6,007,799$26,280,617
83$33,028,582$9,207,645$6,131,936$28,752,871
84$36,317,943$9,579,265$6,257,802$31,470,726
85$39,940,313$9,966,589$6,385,378$34,459,016
86$43,929,580$10,370,307$6,514,643$37,745,100
87$48,323,086$10,791,141$6,645,573$41,359,123
88$53,161,979$11,229,845$6,778,138$45,334,294
89$58,491,602$11,687,209$6,912,307$49,707,200
90$64,361,921$12,164,058$7,048,044$54,518,154
91$70,827,994$12,661,253$7,185,311$59,811,570
92$77,950,492$13,179,698$7,324,062$65,636,383
93$85,796,274$13,720,334$7,464,249$72,046,508
94$94,439,013$14,284,150$7,605,820$79,101,352
95$103,959,894$14,872,174$7,748,717$86,866,369
96$114,448,379$15,485,488$7,892,875$95,413,678
97$126,003,055$16,125,217$8,038,228$104,822,744
98$138,732,557$16,792,544$8,184,699$115,181,123
99$152,756,600$17,488,700$8,332,208$126,585,292
100$168,207,105$18,214,978$8,480,669$139,141,555