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%18.8%
1 years$297,285$294,637$292,053$289,531$287,069$276,884
2 years$147,171$144,430$141,773$139,198$136,700$126,546
3 years$97,139$94,386$91,737$89,185$86,728$76,926
4 years$72,128$69,384$66,761$64,253$61,855$52,480
5 years$57,126$54,398$51,809$49,352$47,021$38,097
6 years$47,127$44,420$41,869$39,468$37,206$28,739
7 years$39,988$37,304$34,794$32,448$30,259$22,248
8 years$34,637$31,976$29,508$27,220$25,102$17,541
9 years$30,476$27,841$25,415$23,186$21,140$14,017
10 years$27,150$24,541$22,157$19,986$18,012$11,317
11 years$24,430$21,847$19,507$17,394$15,491$9,209
12 years$22,165$19,609$17,312$15,257$13,424$7,541
13 years$20,251$17,721$15,467$13,470$11,706$6,205
14 years$18,611$16,107$13,897$11,957$10,262$5,126
15 years$17,191$14,714$12,547$10,663$9,035$4,249
16 years$15,949$13,500$11,376$9,548$7,985$3,531
17 years$14,855$12,433$10,352$8,579$7,080$2,941
18 years$13,884$11,489$9,450$7,731$6,295$2,453
19 years$13,016$10,648$8,651$6,986$5,611$2,050
20 years$12,235$9,894$7,939$6,327$5,012$1,715
21 years$11,530$9,216$7,303$5,742$4,485$1,436
22 years$10,890$8,603$6,731$5,221$4,020$1,203
23 years$10,306$8,046$6,214$4,755$3,609$1,009
24 years$9,772$7,539$5,747$4,337$3,244$847
25 years$9,281$7,075$5,323$3,960$2,919$711
26 years$8,829$6,649$4,937$3,621$2,629$597
27 years$8,411$6,258$4,584$3,315$2,371$502
28 years$8,024$5,897$4,262$3,037$2,139$422
29 years$7,664$5,563$3,966$2,785$1,931$355
30 years$7,328$5,253$3,694$2,556$1,745$298
31 years$7,015$4,966$3,444$2,347$1,578$251
32 years$6,722$4,699$3,213$2,157$1,427$211
33 years$6,447$4,450$3,000$1,984$1,292$177
34 years$6,189$4,218$2,803$1,825$1,169$149
35 years$5,946$4,000$2,621$1,680$1,059$126
36 years$5,718$3,797$2,452$1,547$960$106
37 years$5,502$3,606$2,295$1,426$870$89
38 years$5,298$3,427$2,149$1,314$789$75
39 years$5,105$3,259$2,013$1,212$715$63
40 years$4,922$3,101$1,887$1,118$649$53
41 years$4,748$2,951$1,770$1,031$588$45
42 years$4,583$2,811$1,660$952$534$38
43 years$4,427$2,678$1,558$878$485$32
44 years$4,277$2,553$1,462$811$440$27
45 years$4,135$2,434$1,373$749$399$22
46 years$3,999$2,322$1,289$692$363$19
47 years$3,870$2,216$1,211$639$329$16
48 years$3,746$2,116$1,138$591$299$13
49 years$3,628$2,020$1,070$546$272$11
50 years$3,515$1,930$1,006$505$247$9

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 $4,048 every year, while hoping to spend $41,384 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: 47/30/23 Blend
59$3,600,000$3,600,000$3,600,000$3,600,000
60$3,971,376$3,780,576$3,724,776$4,131,785
61$4,332,424$3,921,791$3,805,523$4,385,813
62$4,728,911$4,068,540$3,887,589$4,656,956
63$5,164,410$4,221,048$3,970,973$4,950,435
64$5,642,855$4,379,554$4,055,675$5,268,360
65$6,168,578$4,544,304$4,141,692$5,613,053
66$6,746,354$4,715,557$4,229,021$5,987,069
67$7,381,445$4,893,581$4,317,655$6,393,215
68$8,079,643$5,078,658$4,407,588$6,834,578
69$8,847,335$5,271,080$4,498,810$7,314,557
70$9,691,554$5,471,154$4,591,311$7,836,888
71$10,620,049$5,679,197$4,685,076$8,405,682
72$11,641,360$5,895,544$4,780,092$9,025,462
73$12,764,893$6,120,540$4,876,340$9,701,207
74$14,001,014$6,354,548$4,973,799$10,438,394
75$15,361,144$6,597,948$5,072,448$11,243,053
76$16,857,866$6,851,132$5,172,260$12,121,819
77$18,505,045$7,114,514$5,273,208$13,081,996
78$20,317,958$7,388,524$5,375,259$14,131,626
79$22,313,438$7,673,610$5,478,378$15,279,559
80$24,510,034$7,970,242$5,582,528$16,535,541
81$26,928,181$8,278,908$5,687,667$17,910,301
82$29,590,401$8,600,119$5,793,749$19,415,654
83$32,521,507$8,934,410$5,900,725$21,064,608
84$35,748,841$9,282,337$6,008,540$22,871,487
85$39,302,533$9,644,481$6,117,136$24,852,066
86$43,215,782$10,021,451$6,226,450$27,023,717
87$47,525,170$10,413,881$6,336,415$29,405,570
88$52,271,009$10,822,433$6,446,957$32,018,696
89$57,497,720$11,247,800$6,557,997$34,886,302
90$63,254,250$11,690,705$6,669,453$38,033,947
91$69,594,536$12,151,902$6,781,232$41,489,784
92$76,578,014$12,632,181$6,893,239$45,284,823
93$84,270,180$13,132,366$7,005,371$49,453,221
94$92,743,205$13,653,318$7,117,517$54,032,604
95$102,076,618$14,195,937$7,229,560$59,064,419
96$112,358,058$14,761,163$7,341,376$64,594,324
97$123,684,098$15,349,979$7,452,830$70,672,615
98$136,161,159$15,963,410$7,563,782$77,354,702
99$149,906,509$16,602,529$7,674,081$84,701,626
100$165,049,378$17,268,458$7,783,568$92,780,635