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%11.9%
1 years$322,058$319,190$316,391$313,659$310,991$308,515
2 years$159,435$156,466$153,588$150,798$148,091$145,594
3 years$105,234$102,252$99,381$96,617$93,955$91,516
4 years$78,139$75,166$72,324$69,607$67,010$64,647
5 years$61,886$58,931$56,127$53,465$50,940$48,660
6 years$51,055$48,122$45,359$42,757$40,307$38,113
7 years$43,321$40,412$37,693$35,153$32,780$30,674
8 years$37,523$34,641$31,967$29,489$27,194$25,175
9 years$33,016$30,161$27,533$25,118$22,902$20,969
10 years$29,412$26,586$24,004$21,652$19,513$17,666
11 years$26,466$23,668$21,133$18,843$16,782$15,018
12 years$24,013$21,243$18,755$16,528$14,543$12,862
13 years$21,938$19,197$16,756$14,592$12,682$11,081
14 years$20,161$17,450$15,055$12,953$11,117$9,595
15 years$18,623$15,941$13,593$11,552$9,788$8,343
16 years$17,278$14,625$12,324$10,343$8,651$7,279
17 years$16,093$13,469$11,214$9,294$7,670$6,371
18 years$15,041$12,446$10,237$8,375$6,820$5,590
19 years$14,100$11,535$9,372$7,568$6,079$4,916
20 years$13,255$10,719$8,601$6,854$5,430$4,332
21 years$12,491$9,984$7,911$6,221$4,859$3,823
22 years$11,797$9,320$7,291$5,656$4,355$3,379
23 years$11,165$8,717$6,732$5,151$3,910$2,990
24 years$10,586$8,167$6,226$4,698$3,514$2,649
25 years$10,055$7,664$5,767$4,290$3,162$2,350
26 years$9,565$7,203$5,348$3,923$2,848$2,086
27 years$9,112$6,779$4,966$3,591$2,568$1,853
28 years$8,692$6,388$4,617$3,290$2,317$1,647
29 years$8,302$6,026$4,296$3,017$2,092$1,465
30 years$7,939$5,691$4,002$2,769$1,891$1,303
31 years$7,599$5,380$3,731$2,543$1,709$1,160
32 years$7,282$5,091$3,481$2,337$1,546$1,034
33 years$6,984$4,821$3,250$2,149$1,399$921
34 years$6,705$4,569$3,037$1,977$1,267$821
35 years$6,442$4,334$2,839$1,820$1,147$732
36 years$6,194$4,113$2,656$1,676$1,040$653
37 years$5,960$3,907$2,486$1,545$942$582
38 years$5,739$3,713$2,328$1,424$854$519
39 years$5,530$3,531$2,181$1,313$775$463
40 years$5,332$3,359$2,044$1,211$703$414
41 years$5,144$3,197$1,917$1,117$637$369
42 years$4,965$3,045$1,798$1,031$578$329
43 years$4,795$2,901$1,687$952$525$294
44 years$4,634$2,766$1,584$879$477$263
45 years$4,480$2,637$1,487$812$433$235
46 years$4,333$2,516$1,397$750$393$209
47 years$4,193$2,401$1,312$693$357$187
48 years$4,059$2,292$1,233$640$324$167
49 years$3,930$2,189$1,159$591$294$149
50 years$3,808$2,091$1,090$547$267$133

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 $5,931 every year, while hoping to spend $51,138 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: 69/25/6 Blend
59$3,900,000$3,900,000$3,900,000$3,900,000
60$4,303,918$4,097,218$4,036,768$4,596,911
61$4,688,507$4,243,571$4,117,589$4,937,860
62$5,110,610$4,395,382$4,199,404$5,303,850
63$5,574,000$4,552,863$4,282,192$5,702,785
64$6,082,832$4,716,238$4,365,929$6,137,883
65$6,641,684$4,885,736$4,450,591$6,612,683
66$7,255,599$5,061,600$4,536,149$7,131,081
67$7,930,131$5,244,080$4,622,571$7,697,366
68$8,671,402$5,433,437$4,709,824$8,316,257
69$9,486,152$5,629,942$4,797,870$8,992,951
70$10,381,810$5,833,880$4,886,670$9,733,167
71$11,366,560$6,045,545$4,976,178$10,543,202
72$12,449,417$6,265,245$5,066,348$11,429,990
73$13,640,315$6,493,299$5,157,128$12,401,165
74$14,950,197$6,730,041$5,248,462$13,465,134
75$16,391,123$6,975,819$5,340,291$14,631,151
76$17,976,377$7,230,993$5,432,550$15,909,411
77$19,720,598$7,495,942$5,525,171$17,311,139
78$21,639,914$7,771,059$5,618,079$18,848,697
79$23,752,096$8,056,752$5,711,196$20,535,702
80$26,076,726$8,353,449$5,804,438$22,387,148
81$28,635,379$8,661,594$5,897,713$24,419,553
82$31,451,827$8,981,652$5,990,926$26,651,109
83$34,552,266$9,314,105$6,083,974$29,101,854
84$37,965,558$9,659,458$6,176,748$31,793,862
85$41,723,508$10,018,235$6,269,133$34,751,447
86$45,861,162$10,390,984$6,361,004$38,001,391
87$50,417,135$10,778,276$6,452,232$41,573,201
88$55,433,978$11,180,707$6,542,677$45,499,379
89$60,958,579$11,598,897$6,632,193$49,815,732
90$67,042,605$12,033,494$6,720,622$54,561,706
91$73,742,989$12,485,174$6,807,801$59,780,760
92$81,122,466$12,954,639$6,893,555$65,520,769
93$89,250,167$13,442,626$6,977,699$71,834,482
94$98,202,270$13,949,901$7,060,037$78,780,012
95$108,062,718$14,477,262$7,140,365$86,421,385
96$118,924,011$15,025,544$7,218,463$94,829,141
97$130,888,082$15,595,618$7,294,103$104,081,003
98$144,067,254$16,188,390$7,367,043$114,262,602
99$158,585,301$16,804,808$7,437,026$125,468,287
100$174,578,619$17,445,862$7,503,784$137,802,014