Can I retire at age 60 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$305,543$302,821$300,166$297,574$295,043$291,719
2 years$151,259$148,442$145,711$143,064$140,497$137,151
3 years$99,837$97,008$94,285$91,663$89,137$85,872
4 years$74,132$71,311$68,615$66,038$63,573$60,415
5 years$58,713$55,909$53,248$50,723$48,327$45,285
6 years$48,436$45,654$43,033$40,564$38,240$35,318
7 years$41,099$38,340$35,760$33,350$31,099$28,298
8 years$35,599$32,864$30,328$27,976$25,800$23,119
9 years$31,323$28,614$26,121$23,830$21,727$19,166
10 years$27,904$25,222$22,773$20,541$18,513$16,069
11 years$25,109$22,454$20,049$17,877$15,921$13,594
12 years$22,781$20,153$17,793$15,681$13,797$11,583
13 years$20,813$18,213$15,897$13,844$12,031$9,928
14 years$19,128$16,555$14,283$12,289$10,547$8,551
15 years$17,668$15,123$12,896$10,960$9,286$7,395
16 years$16,392$13,875$11,692$9,813$8,207$6,417
17 years$15,268$12,779$10,639$8,817$7,277$5,585
18 years$14,269$11,808$9,712$7,946$6,470$4,873
19 years$13,377$10,944$8,891$7,180$5,767$4,261
20 years$12,575$10,169$8,160$6,503$5,151$3,732
21 years$11,850$9,472$7,506$5,902$4,610$3,275
22 years$11,192$8,842$6,917$5,366$4,132$2,877
23 years$10,593$8,270$6,387$4,887$3,709$2,531
24 years$10,044$7,748$5,907$4,457$3,334$2,228
25 years$9,539$7,271$5,471$4,070$3,000$1,964
26 years$9,074$6,834$5,074$3,722$2,702$1,732
27 years$8,645$6,431$4,712$3,407$2,436$1,529
28 years$8,246$6,060$4,380$3,121$2,198$1,350
29 years$7,876$5,717$4,076$2,862$1,985$1,193
30 years$7,532$5,399$3,797$2,627$1,794$1,055
31 years$7,210$5,104$3,540$2,413$1,622$933
32 years$6,909$4,830$3,303$2,217$1,467$826
33 years$6,626$4,574$3,084$2,039$1,328$731
34 years$6,361$4,335$2,881$1,876$1,202$647
35 years$6,112$4,111$2,694$1,727$1,089$573
36 years$5,876$3,902$2,520$1,590$986$507
37 years$5,655$3,706$2,359$1,465$894$450
38 years$5,445$3,522$2,209$1,351$810$398
39 years$5,247$3,349$2,069$1,245$735$353
40 years$5,058$3,187$1,940$1,149$667$313
41 years$4,880$3,033$1,819$1,060$605$277
42 years$4,711$2,889$1,706$978$549$246
43 years$4,550$2,753$1,601$903$498$218
44 years$4,396$2,624$1,503$834$452$193
45 years$4,250$2,502$1,411$770$410$171
46 years$4,111$2,387$1,325$711$373$152
47 years$3,978$2,278$1,245$657$338$135
48 years$3,850$2,174$1,170$607$307$120
49 years$3,729$2,076$1,100$561$279$106
50 years$3,612$1,984$1,034$519$253$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,700,000, adding $2,876 every year, while hoping to spend $50,905 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: 69/14/17 Blend
59$3,700,000$3,700,000$3,700,000$3,700,000
60$4,080,367$3,884,267$3,826,917$4,345,197
61$4,442,401$4,020,433$3,900,956$4,658,224
62$4,839,658$4,161,566$3,975,769$4,994,303
63$5,275,674$4,307,854$4,051,329$5,360,746
64$5,754,349$4,459,495$4,127,605$5,760,543
65$6,279,977$4,616,694$4,204,563$6,196,982
66$6,857,287$4,779,664$4,282,168$6,673,686
67$7,491,490$4,948,628$4,360,381$7,194,642
68$8,188,327$5,123,815$4,439,158$7,764,242
69$8,954,121$5,305,467$4,518,455$8,387,322
70$9,795,840$5,493,834$4,598,222$9,069,208
71$10,721,159$5,689,175$4,678,406$9,815,765
72$11,738,533$5,891,761$4,758,949$10,633,452
73$12,857,281$6,101,874$4,839,790$11,529,384
74$14,087,665$6,319,807$4,920,865$12,511,399
75$15,440,994$6,545,866$5,002,102$13,588,128
76$16,929,730$6,780,368$5,083,427$14,769,078
77$18,567,600$7,023,643$5,164,759$16,064,725
78$20,369,731$7,276,037$5,246,014$17,486,603
79$22,352,788$7,537,907$5,327,100$19,047,425
80$24,535,135$7,809,628$5,407,921$20,761,190
81$26,937,007$8,091,587$5,488,373$22,643,324
82$29,580,696$8,384,190$5,568,349$24,710,819
83$32,490,770$8,687,858$5,647,731$26,982,396
84$35,694,296$9,003,030$5,726,397$29,478,680
85$39,221,099$9,330,164$5,804,217$32,222,395
86$43,104,045$9,669,736$5,881,052$35,238,576
87$47,379,347$10,022,242$5,956,757$38,554,808
88$52,086,909$10,388,200$6,031,176$42,201,480
89$57,270,700$10,768,148$6,104,147$46,212,078
90$62,979,172$11,162,648$6,175,497$50,623,495
91$69,265,714$11,572,285$6,245,043$55,476,382
92$76,189,157$11,997,667$6,312,592$60,815,528
93$83,814,330$12,439,432$6,377,942$66,690,286
94$92,212,667$12,898,239$6,440,879$73,155,034
95$101,462,887$13,374,781$6,501,176$80,269,688
96$111,651,732$13,869,775$6,558,596$88,100,272
97$122,874,787$14,383,973$6,612,888$96,719,531
98$135,237,383$14,918,156$6,663,788$106,207,627
99$148,855,590$15,473,139$6,711,018$116,652,888
100$163,857,309$16,049,771$6,754,285$128,152,641