Can I retire at age 60 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$322,058$319,190$316,391$313,659$310,991$298,535
2 years$159,435$156,466$153,588$150,798$148,091$135,698
3 years$105,234$102,252$99,381$96,617$93,955$82,015
4 years$78,139$75,166$72,324$69,607$67,010$55,614
5 years$61,886$58,931$56,127$53,465$50,940$40,117
6 years$51,055$48,122$45,359$42,757$40,307$30,064
7 years$43,321$40,412$37,693$35,153$32,780$23,114
8 years$37,523$34,641$31,967$29,489$27,194$18,094
9 years$33,016$30,161$27,533$25,118$22,902$14,353
10 years$29,412$26,586$24,004$21,652$19,513$11,500
11 years$26,466$23,668$21,133$18,843$16,782$9,286
12 years$24,013$21,243$18,755$16,528$14,543$7,542
13 years$21,938$19,197$16,756$14,592$12,682$6,156
14 years$20,161$17,450$15,055$12,953$11,117$5,043
15 years$18,623$15,941$13,593$11,552$9,788$4,144
16 years$17,278$14,625$12,324$10,343$8,651$3,414
17 years$16,093$13,469$11,214$9,294$7,670$2,818
18 years$15,041$12,446$10,237$8,375$6,820$2,330
19 years$14,100$11,535$9,372$7,568$6,079$1,929
20 years$13,255$10,719$8,601$6,854$5,430$1,599
21 years$12,491$9,984$7,911$6,221$4,859$1,327
22 years$11,797$9,320$7,291$5,656$4,355$1,101
23 years$11,165$8,717$6,732$5,151$3,910$915
24 years$10,586$8,167$6,226$4,698$3,514$761
25 years$10,055$7,664$5,767$4,290$3,162$633
26 years$9,565$7,203$5,348$3,923$2,848$526
27 years$9,112$6,779$4,966$3,591$2,568$438
28 years$8,692$6,388$4,617$3,290$2,317$364
29 years$8,302$6,026$4,296$3,017$2,092$303
30 years$7,939$5,691$4,002$2,769$1,891$253
31 years$7,599$5,380$3,731$2,543$1,709$210
32 years$7,282$5,091$3,481$2,337$1,546$175
33 years$6,984$4,821$3,250$2,149$1,399$146
34 years$6,705$4,569$3,037$1,977$1,267$122
35 years$6,442$4,334$2,839$1,820$1,147$101
36 years$6,194$4,113$2,656$1,676$1,040$84
37 years$5,960$3,907$2,486$1,545$942$70
38 years$5,739$3,713$2,328$1,424$854$59
39 years$5,530$3,531$2,181$1,313$775$49
40 years$5,332$3,359$2,044$1,211$703$41
41 years$5,144$3,197$1,917$1,117$637$34
42 years$4,965$3,045$1,798$1,031$578$28
43 years$4,795$2,901$1,687$952$525$24
44 years$4,634$2,766$1,584$879$477$20
45 years$4,480$2,637$1,487$812$433$16
46 years$4,333$2,516$1,397$750$393$14
47 years$4,193$2,401$1,312$693$357$11
48 years$4,059$2,292$1,233$640$324$9
49 years$3,930$2,189$1,159$591$294$8
50 years$3,808$2,091$1,090$547$267$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,900,000, adding $2,172 every year, while hoping to spend $37,880 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: 72/12/16 Blend
59$3,900,000$3,900,000$3,900,000$3,900,000
60$4,300,040$4,093,340$4,032,890$4,593,783
61$4,698,341$4,253,610$4,127,688$4,949,263
62$5,135,998$4,420,463$4,224,392$5,333,620
63$5,616,986$4,594,183$4,323,026$5,753,544
64$6,145,685$4,775,064$4,423,614$6,212,552
65$6,726,917$4,963,415$4,526,177$6,714,512
66$7,365,998$5,159,557$4,630,740$7,263,687
67$8,068,783$5,363,828$4,737,322$7,864,768
68$8,841,722$5,576,580$4,845,946$8,522,922
69$9,691,924$5,798,178$4,956,631$9,243,838
70$10,627,220$6,029,008$5,069,398$10,033,780
71$11,656,237$6,269,470$5,184,263$10,899,649
72$12,788,483$6,519,984$5,301,246$11,849,044
73$14,034,432$6,780,987$5,420,361$12,890,333
74$15,405,625$7,052,937$5,541,625$14,032,734
75$16,914,781$7,336,313$5,665,051$15,286,400
76$18,575,910$7,631,614$5,790,652$16,662,515
77$20,404,454$7,939,363$5,918,439$18,173,396
78$22,417,423$8,260,107$6,048,422$19,832,612
79$24,633,564$8,594,416$6,180,608$21,655,110
80$27,073,533$8,942,888$6,315,004$23,657,356
81$29,760,090$9,306,146$6,451,613$25,857,488
82$32,718,315$9,684,843$6,590,438$28,275,489
83$35,975,844$10,079,661$6,731,479$30,933,371
84$39,563,129$10,491,314$6,874,732$33,855,386
85$43,513,726$10,920,546$7,020,194$37,068,253
86$47,864,612$11,368,139$7,167,856$40,601,406
87$52,656,531$11,834,907$7,317,708$44,487,277
88$57,934,383$12,321,702$7,469,737$48,761,593
89$63,747,642$12,829,418$7,623,926$53,463,722
90$70,150,829$13,358,986$7,780,254$58,637,035
91$77,204,019$13,911,383$7,938,698$64,329,319
92$84,973,416$14,487,627$8,099,232$70,593,225
93$93,531,971$15,088,788$8,261,822$77,486,766
94$102,960,073$15,715,979$8,426,435$85,073,861
95$113,346,309$16,370,371$8,593,028$93,424,938
96$124,788,296$17,053,183$8,761,559$102,617,597
97$137,393,607$17,765,694$8,931,976$112,737,345
98$151,280,783$18,509,240$9,104,225$123,878,394
99$166,580,450$19,285,221$9,278,244$136,144,557
100$183,436,559$20,095,099$9,453,967$149,650,222