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%15.7%
1 years$305,543$302,821$300,166$297,574$295,043$288,145
2 years$151,259$148,442$145,711$143,064$140,497$133,586
3 years$99,837$97,008$94,285$91,663$89,137$82,430
4 years$74,132$71,311$68,615$66,038$63,573$57,121
5 years$58,713$55,909$53,248$50,723$48,327$42,148
6 years$48,436$45,654$43,033$40,564$38,240$32,340
7 years$41,099$38,340$35,760$33,350$31,099$25,480
8 years$35,599$32,864$30,328$27,976$25,800$20,459
9 years$31,323$28,614$26,121$23,830$21,727$16,660
10 years$27,904$25,222$22,773$20,541$18,513$13,714
11 years$25,109$22,454$20,049$17,877$15,921$11,385
12 years$22,781$20,153$17,793$15,681$13,797$9,515
13 years$20,813$18,213$15,897$13,844$12,031$7,996
14 years$19,128$16,555$14,283$12,289$10,547$6,749
15 years$17,668$15,123$12,896$10,960$9,286$5,717
16 years$16,392$13,875$11,692$9,813$8,207$4,858
17 years$15,268$12,779$10,639$8,817$7,277$4,139
18 years$14,269$11,808$9,712$7,946$6,470$3,533
19 years$13,377$10,944$8,891$7,180$5,767$3,022
20 years$12,575$10,169$8,160$6,503$5,151$2,588
21 years$11,850$9,472$7,506$5,902$4,610$2,220
22 years$11,192$8,842$6,917$5,366$4,132$1,906
23 years$10,593$8,270$6,387$4,887$3,709$1,638
24 years$10,044$7,748$5,907$4,457$3,334$1,409
25 years$9,539$7,271$5,471$4,070$3,000$1,212
26 years$9,074$6,834$5,074$3,722$2,702$1,044
27 years$8,645$6,431$4,712$3,407$2,436$900
28 years$8,246$6,060$4,380$3,121$2,198$775
29 years$7,876$5,717$4,076$2,862$1,985$669
30 years$7,532$5,399$3,797$2,627$1,794$577
31 years$7,210$5,104$3,540$2,413$1,622$498
32 years$6,909$4,830$3,303$2,217$1,467$429
33 years$6,626$4,574$3,084$2,039$1,328$371
34 years$6,361$4,335$2,881$1,876$1,202$320
35 years$6,112$4,111$2,694$1,727$1,089$276
36 years$5,876$3,902$2,520$1,590$986$239
37 years$5,655$3,706$2,359$1,465$894$206
38 years$5,445$3,522$2,209$1,351$810$178
39 years$5,247$3,349$2,069$1,245$735$154
40 years$5,058$3,187$1,940$1,149$667$133
41 years$4,880$3,033$1,819$1,060$605$115
42 years$4,711$2,889$1,706$978$549$99
43 years$4,550$2,753$1,601$903$498$86
44 years$4,396$2,624$1,503$834$452$74
45 years$4,250$2,502$1,411$770$410$64
46 years$4,111$2,387$1,325$711$373$55
47 years$3,978$2,278$1,245$657$338$48
48 years$3,850$2,174$1,170$607$307$41
49 years$3,729$2,076$1,100$561$279$36
50 years$3,612$1,984$1,034$519$253$31

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 $3,870 every year, while hoping to spend $42,130 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: 54/36/10 Blend
59$3,700,000$3,700,000$3,700,000$3,700,000
60$4,081,392$3,885,292$3,827,942$4,291,310
61$4,452,868$4,030,845$3,911,352$4,579,669
62$4,860,822$4,182,119$3,996,144$4,888,432
63$5,308,932$4,339,348$4,082,321$5,223,486
64$5,801,246$4,502,779$4,169,881$5,587,335
65$6,342,226$4,672,669$4,258,826$5,982,729
66$6,936,788$4,849,284$4,349,151$6,412,694
67$7,590,347$5,032,905$4,440,854$6,880,560
68$8,308,867$5,223,823$4,533,928$7,389,983
69$9,098,923$5,422,341$4,628,365$7,944,992
70$9,967,754$5,628,777$4,724,157$8,550,012
71$10,923,339$5,843,461$4,821,290$9,209,916
72$11,974,469$6,066,740$4,919,753$9,930,064
73$13,130,828$6,298,973$5,019,527$10,716,353
74$14,403,087$6,540,537$5,120,596$11,575,274
75$15,803,003$6,791,825$5,222,937$12,513,970
76$17,343,530$7,053,246$5,326,527$13,540,302
77$19,038,943$7,325,228$5,431,338$14,662,923
78$20,904,969$7,608,217$5,537,342$15,891,358
79$22,958,937$7,902,681$5,644,504$17,236,092
80$25,219,943$8,209,106$5,752,789$18,708,668
81$27,709,025$8,528,001$5,862,155$20,321,795
82$30,449,368$8,859,896$5,972,560$22,089,466
83$33,466,518$9,205,345$6,083,955$24,027,085
84$36,788,624$9,564,928$6,196,289$26,151,619
85$40,446,703$9,939,248$6,309,504$28,481,747
86$44,474,934$10,328,938$6,423,539$31,038,041
87$48,910,978$10,734,657$6,538,328$33,843,154
88$53,796,336$11,157,094$6,653,801$36,922,037
89$59,176,738$11,596,967$6,769,879$40,302,165
90$65,102,576$12,055,030$6,886,481$44,013,803
91$71,629,379$12,532,067$7,003,518$48,090,280
92$78,818,336$13,028,898$7,120,896$52,568,311
93$86,736,873$13,546,381$7,238,513$57,488,333
94$95,459,292$14,085,411$7,356,261$62,894,889
95$105,067,468$14,646,924$7,474,023$68,837,041
96$115,651,624$15,231,898$7,591,678$75,368,839
97$127,311,184$15,841,355$7,709,093$82,549,818
98$140,155,706$16,476,363$7,826,130$90,445,564
99$154,305,921$17,138,038$7,942,638$99,128,329
100$169,894,870$17,827,547$8,058,461$108,677,706