Can I retire at age 60 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$330,316$327,374$324,503$321,702$318,966$314,199
2 years$163,523$160,477$157,526$154,664$151,888$147,097
3 years$107,932$104,874$101,930$99,095$96,364$91,697
4 years$80,143$77,093$74,179$71,392$68,728$64,221
5 years$63,473$60,442$57,566$54,836$52,246$47,912
6 years$52,364$49,356$46,522$43,853$41,340$37,184
7 years$44,431$41,449$38,660$36,054$33,621$29,644
8 years$38,485$35,529$32,787$30,245$27,892$24,094
9 years$33,863$30,935$28,239$25,762$23,489$19,869
10 years$30,167$27,267$24,619$22,207$20,014$16,568
11 years$27,145$24,274$21,675$19,327$17,212$13,937
12 years$24,628$21,787$19,236$16,952$14,916$11,808
13 years$22,501$19,689$17,186$14,966$13,007$10,061
14 years$20,678$17,897$15,441$13,285$11,402$8,614
15 years$19,101$16,349$13,942$11,848$10,039$7,404
16 years$17,722$15,000$12,640$10,609$8,873$6,385
17 years$16,506$13,815$11,502$9,532$7,867$5,522
18 years$15,426$12,765$10,500$8,590$6,995$4,787
19 years$14,462$11,831$9,612$7,762$6,235$4,158
20 years$13,595$10,994$8,821$7,030$5,569$3,618
21 years$12,811$10,240$8,114$6,380$4,984$3,153
22 years$12,100$9,559$7,478$5,801$4,467$2,751
23 years$11,451$8,940$6,905$5,283$4,010$2,403
24 years$10,858$8,376$6,386$4,818$3,604$2,101
25 years$10,313$7,861$5,915$4,400$3,243$1,839
26 years$9,810$7,388$5,486$4,024$2,921$1,611
27 years$9,346$6,953$5,094$3,683$2,634$1,411
28 years$8,915$6,552$4,735$3,374$2,377$1,238
29 years$8,515$6,181$4,407$3,094$2,146$1,086
30 years$8,142$5,837$4,105$2,840$1,939$953
31 years$7,794$5,518$3,827$2,608$1,753$836
32 years$7,469$5,221$3,570$2,397$1,586$735
33 years$7,163$4,945$3,334$2,204$1,435$645
34 years$6,877$4,686$3,115$2,028$1,299$567
35 years$6,607$4,445$2,912$1,867$1,177$498
36 years$6,353$4,219$2,724$1,719$1,066$438
37 years$6,113$4,007$2,550$1,584$966$385
38 years$5,886$3,808$2,388$1,460$876$339
39 years$5,672$3,621$2,237$1,346$795$298
40 years$5,469$3,445$2,097$1,242$721$262
41 years$5,276$3,279$1,966$1,146$654$230
42 years$5,093$3,123$1,844$1,057$593$203
43 years$4,918$2,976$1,731$976$538$178
44 years$4,753$2,837$1,624$901$489$157
45 years$4,595$2,705$1,525$832$444$138
46 years$4,444$2,580$1,433$769$403$121
47 years$4,300$2,462$1,346$710$366$107
48 years$4,163$2,351$1,265$656$332$94
49 years$4,031$2,245$1,189$607$302$83
50 years$3,905$2,144$1,118$561$274$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,000,000, adding $6,930 every year, while hoping to spend $37,330 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: 53/24/23 Blend
59$4,000,000$4,000,000$4,000,000$4,000,000
60$4,415,148$4,203,148$4,141,148$4,620,742
61$4,825,775$4,369,384$4,240,158$4,929,405
62$5,277,034$4,542,514$4,341,233$5,260,673
63$5,773,031$4,722,836$4,444,404$5,620,382
64$6,318,288$4,910,663$4,549,700$6,011,259
65$6,917,788$5,106,321$4,657,150$6,436,305
66$7,577,022$5,310,150$4,766,783$6,898,817
67$8,302,035$5,522,505$4,878,628$7,402,424
68$9,099,494$5,743,758$4,992,713$7,951,120
69$9,976,738$5,974,298$5,109,065$8,549,296
70$10,941,858$6,214,532$5,227,711$9,201,786
71$12,003,767$6,464,882$5,348,678$9,913,909
72$13,172,283$6,725,794$5,471,992$10,691,517
73$14,458,229$6,997,731$5,597,676$11,541,055
74$15,873,526$7,281,178$5,725,756$12,469,612
75$17,431,311$7,576,640$5,856,254$13,484,996
76$19,146,058$7,884,649$5,989,192$14,595,797
77$21,033,718$8,205,759$6,124,592$15,811,478
78$23,111,864$8,540,547$6,262,472$17,142,452
79$25,399,860$8,889,621$6,402,851$18,600,187
80$27,919,046$9,253,613$6,545,747$20,197,309
81$30,692,934$9,633,184$6,691,175$21,947,721
82$33,747,431$10,029,029$6,839,147$23,866,734
83$37,111,088$10,441,870$6,989,677$25,971,206
84$40,815,362$10,872,465$7,142,775$28,279,705
85$44,894,919$11,321,606$7,298,448$30,812,679
86$49,387,958$11,790,121$7,456,702$33,592,648
87$54,336,569$12,278,876$7,617,541$36,644,415
88$59,787,136$12,788,778$7,780,966$39,995,299
89$65,790,771$13,320,775$7,946,976$43,675,391
90$72,403,795$13,875,859$8,115,565$47,717,836
91$79,688,272$14,455,066$8,286,726$52,159,140
92$87,712,593$15,059,481$8,460,449$57,039,521
93$96,552,123$15,690,241$8,636,719$62,403,278
94$106,289,909$16,348,533$8,815,519$68,299,210
95$117,017,468$17,035,599$8,996,826$74,781,078
96$128,835,646$17,752,740$9,180,617$81,908,103
97$141,855,574$18,501,316$9,366,860$89,745,527
98$156,199,714$19,282,752$9,555,520$98,365,225
99$172,003,014$20,098,536$9,746,560$107,846,384
100$189,414,185$20,950,228$9,939,933$118,276,239