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%13.1%
1 years$305,543$302,821$300,166$297,574$295,043$291,236
2 years$151,259$148,442$145,711$143,064$140,497$136,666
3 years$99,837$97,008$94,285$91,663$89,137$85,402
4 years$74,132$71,311$68,615$66,038$63,573$59,963
5 years$58,713$55,909$53,248$50,723$48,327$44,853
6 years$48,436$45,654$43,033$40,564$38,240$34,905
7 years$41,099$38,340$35,760$33,350$31,099$27,905
8 years$35,599$32,864$30,328$27,976$25,800$22,746
9 years$31,323$28,614$26,121$23,830$21,727$18,812
10 years$27,904$25,222$22,773$20,541$18,513$15,734
11 years$25,109$22,454$20,049$17,877$15,921$13,278
12 years$22,781$20,153$17,793$15,681$13,797$11,285
13 years$20,813$18,213$15,897$13,844$12,031$9,647
14 years$19,128$16,555$14,283$12,289$10,547$8,287
15 years$17,668$15,123$12,896$10,960$9,286$7,147
16 years$16,392$13,875$11,692$9,813$8,207$6,185
17 years$15,268$12,779$10,639$8,817$7,277$5,368
18 years$14,269$11,808$9,712$7,946$6,470$4,670
19 years$13,377$10,944$8,891$7,180$5,767$4,072
20 years$12,575$10,169$8,160$6,503$5,151$3,556
21 years$11,850$9,472$7,506$5,902$4,610$3,111
22 years$11,192$8,842$6,917$5,366$4,132$2,725
23 years$10,593$8,270$6,387$4,887$3,709$2,389
24 years$10,044$7,748$5,907$4,457$3,334$2,097
25 years$9,539$7,271$5,471$4,070$3,000$1,843
26 years$9,074$6,834$5,074$3,722$2,702$1,620
27 years$8,645$6,431$4,712$3,407$2,436$1,425
28 years$8,246$6,060$4,380$3,121$2,198$1,255
29 years$7,876$5,717$4,076$2,862$1,985$1,105
30 years$7,532$5,399$3,797$2,627$1,794$974
31 years$7,210$5,104$3,540$2,413$1,622$859
32 years$6,909$4,830$3,303$2,217$1,467$757
33 years$6,626$4,574$3,084$2,039$1,328$668
34 years$6,361$4,335$2,881$1,876$1,202$589
35 years$6,112$4,111$2,694$1,727$1,089$520
36 years$5,876$3,902$2,520$1,590$986$459
37 years$5,655$3,706$2,359$1,465$894$406
38 years$5,445$3,522$2,209$1,351$810$358
39 years$5,247$3,349$2,069$1,245$735$316
40 years$5,058$3,187$1,940$1,149$667$279
41 years$4,880$3,033$1,819$1,060$605$247
42 years$4,711$2,889$1,706$978$549$218
43 years$4,550$2,753$1,601$903$498$193
44 years$4,396$2,624$1,503$834$452$170
45 years$4,250$2,502$1,411$770$410$150
46 years$4,111$2,387$1,325$711$373$133
47 years$3,978$2,278$1,245$657$338$118
48 years$3,850$2,174$1,170$607$307$104
49 years$3,729$2,076$1,100$561$279$92
50 years$3,612$1,984$1,034$519$253$81

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 $5,039 every year, while hoping to spend $54,157 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: 38/47/15 Blend
59$3,700,000$3,700,000$3,700,000$3,700,000
60$4,082,598$3,886,498$3,829,148$4,219,055
61$4,441,400$4,019,313$3,899,802$4,449,940
62$4,834,985$4,156,822$3,971,007$4,693,713
63$5,266,844$4,299,196$4,042,726$4,955,996
64$5,740,820$4,446,616$4,114,916$5,238,481
65$6,261,151$4,599,266$4,187,532$5,543,027
66$6,832,500$4,757,342$4,260,526$5,871,674
67$7,460,007$4,921,044$4,333,846$6,226,667
68$8,149,333$5,090,581$4,407,436$6,610,470
69$8,906,716$5,266,170$4,481,235$7,025,794
70$9,739,025$5,448,037$4,555,181$7,475,617
71$10,653,831$5,636,416$4,629,205$7,963,213
72$11,659,471$5,831,550$4,703,233$8,492,183
73$12,765,134$6,033,692$4,777,188$9,066,488
74$13,980,941$6,243,106$4,850,986$9,690,484
75$15,318,043$6,460,065$4,924,541$10,368,960
76$16,788,728$6,684,853$4,997,758$11,107,189
77$18,406,533$6,917,765$5,070,537$11,910,969
78$20,186,372$7,159,109$5,142,773$12,786,682
79$22,144,680$7,409,203$5,214,354$13,741,349
80$24,299,563$7,668,379$5,285,160$14,782,698
81$26,670,972$7,936,983$5,355,067$15,919,235
82$29,280,890$8,215,374$5,423,940$17,160,322
83$32,153,537$8,503,924$5,491,639$18,516,263
84$35,315,604$8,803,022$5,558,015$19,998,405
85$38,796,497$9,113,072$5,622,910$21,619,235
86$42,628,621$9,434,494$5,686,158$23,392,506
87$46,847,680$9,767,723$5,747,584$25,333,357
88$51,493,017$10,113,216$5,807,002$27,458,460
89$56,607,986$10,471,444$5,864,217$29,786,172
90$62,240,356$10,842,900$5,919,024$32,336,707
91$68,442,765$11,228,096$5,971,205$35,132,328
92$75,273,218$11,627,563$6,020,531$38,197,553
93$82,795,630$12,041,858$6,066,762$41,559,382
94$91,080,431$12,471,555$6,109,646$45,247,554
95$100,205,231$12,917,257$6,148,914$49,294,825
96$110,255,550$13,379,588$6,184,288$53,737,271
97$121,325,627$13,859,199$6,215,473$58,614,633
98$133,519,308$14,356,767$6,242,159$63,970,682
99$146,951,027$14,872,998$6,264,020$69,853,637
100$161,746,882$15,408,626$6,280,716$76,316,612