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%19.3%
1 years$330,316$327,374$324,503$321,702$318,966$307,038
2 years$163,523$160,477$157,526$154,664$151,888$140,008
3 years$107,932$104,874$101,930$99,095$96,364$84,905
4 years$80,143$77,093$74,179$71,392$68,728$57,777
5 years$63,473$60,442$57,566$54,836$52,246$41,832
6 years$52,364$49,356$46,522$43,853$41,340$31,470
7 years$44,431$41,449$38,660$36,054$33,621$24,292
8 years$38,485$35,529$32,787$30,245$27,892$19,096
9 years$33,863$30,935$28,239$25,762$23,489$15,213
10 years$30,167$27,267$24,619$22,207$20,014$12,244
11 years$27,145$24,274$21,675$19,327$17,212$9,931
12 years$24,628$21,787$19,236$16,952$14,916$8,105
13 years$22,501$19,689$17,186$14,966$13,007$6,646
14 years$20,678$17,897$15,441$13,285$11,402$5,472
15 years$19,101$16,349$13,942$11,848$10,039$4,519
16 years$17,722$15,000$12,640$10,609$8,873$3,742
17 years$16,506$13,815$11,502$9,532$7,867$3,105
18 years$15,426$12,765$10,500$8,590$6,995$2,581
19 years$14,462$11,831$9,612$7,762$6,235$2,148
20 years$13,595$10,994$8,821$7,030$5,569$1,790
21 years$12,811$10,240$8,114$6,380$4,984$1,493
22 years$12,100$9,559$7,478$5,801$4,467$1,247
23 years$11,451$8,940$6,905$5,283$4,010$1,041
24 years$10,858$8,376$6,386$4,818$3,604$870
25 years$10,313$7,861$5,915$4,400$3,243$728
26 years$9,810$7,388$5,486$4,024$2,921$609
27 years$9,346$6,953$5,094$3,683$2,634$510
28 years$8,915$6,552$4,735$3,374$2,377$427
29 years$8,515$6,181$4,407$3,094$2,146$357
30 years$8,142$5,837$4,105$2,840$1,939$299
31 years$7,794$5,518$3,827$2,608$1,753$250
32 years$7,469$5,221$3,570$2,397$1,586$210
33 years$7,163$4,945$3,334$2,204$1,435$176
34 years$6,877$4,686$3,115$2,028$1,299$147
35 years$6,607$4,445$2,912$1,867$1,177$123
36 years$6,353$4,219$2,724$1,719$1,066$103
37 years$6,113$4,007$2,550$1,584$966$87
38 years$5,886$3,808$2,388$1,460$876$73
39 years$5,672$3,621$2,237$1,346$795$61
40 years$5,469$3,445$2,097$1,242$721$51
41 years$5,276$3,279$1,966$1,146$654$43
42 years$5,093$3,123$1,844$1,057$593$36
43 years$4,918$2,976$1,731$976$538$30
44 years$4,753$2,837$1,624$901$489$25
45 years$4,595$2,705$1,525$832$444$21
46 years$4,444$2,580$1,433$769$403$18
47 years$4,300$2,462$1,346$710$366$15
48 years$4,163$2,351$1,265$656$332$12
49 years$4,031$2,245$1,189$607$302$10
50 years$3,905$2,144$1,118$561$274$9

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 $3,051 every year, while hoping to spend $39,190 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: 72/9/19 Blend
59$4,000,000$4,000,000$4,000,000$4,000,000
60$4,411,147$4,199,147$4,137,147$4,708,548
61$4,819,386$4,363,207$4,234,044$5,070,754
62$5,267,952$4,533,993$4,332,873$5,462,305
63$5,760,917$4,711,793$4,433,658$5,890,134
64$6,302,767$4,896,907$4,536,422$6,357,833
65$6,898,444$5,089,650$4,641,186$6,869,357
66$7,553,393$5,290,351$4,747,974$7,429,063
67$8,273,613$5,499,352$4,856,805$8,041,746
68$9,065,713$5,717,012$4,967,700$8,712,688
69$9,936,976$5,943,705$5,080,678$9,447,707
70$10,895,424$6,179,823$5,195,757$10,253,209
71$11,949,898$6,425,775$5,312,955$11,136,251
72$13,110,136$6,681,987$5,432,288$12,104,603
73$14,386,871$6,948,906$5,553,771$13,166,827
74$15,791,928$7,226,998$5,677,418$14,332,350
75$17,338,335$7,516,751$5,803,242$15,611,559
76$19,040,448$7,818,674$5,931,253$17,015,896
77$20,914,084$8,133,300$6,061,461$18,557,962
78$22,976,674$8,461,185$6,193,873$20,251,642
79$25,247,423$8,802,911$6,328,496$22,112,230
80$27,747,493$9,159,087$6,465,333$24,156,575
81$30,500,202$9,530,347$6,604,387$26,403,240
82$33,531,245$9,917,356$6,745,656$28,872,675
83$36,868,935$10,320,810$6,889,139$31,587,409
84$40,544,471$10,741,434$7,034,830$34,572,265
85$44,592,232$11,179,989$7,182,721$37,854,590
86$49,050,098$11,637,267$7,332,801$41,464,515
87$53,959,816$12,114,100$7,485,057$45,435,237
88$59,367,382$12,611,357$7,639,471$49,803,331
89$65,323,486$13,129,944$7,796,024$54,609,099
90$71,883,982$13,670,812$7,954,692$59,896,943
91$79,110,420$14,234,953$8,115,446$65,715,787
92$87,070,624$14,823,407$8,278,255$72,119,538
93$95,839,334$15,437,260$8,443,082$79,167,592
94$105,498,908$16,077,649$8,609,888$86,925,397
95$116,140,104$16,745,761$8,778,627$95,465,066
96$127,862,932$17,442,840$8,949,248$104,866,059
97$140,777,599$18,170,187$9,121,695$115,215,932
98$155,005,550$18,929,162$9,295,908$126,611,160
99$170,680,614$19,721,190$9,471,820$139,158,049
100$187,950,267$20,547,758$9,649,356$152,973,740