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%15.9%
1 years$330,316$327,374$324,503$321,702$318,966$311,255
2 years$163,523$160,477$157,526$154,664$151,888$144,166
3 years$107,932$104,874$101,930$99,095$96,364$88,872
4 years$80,143$77,093$74,179$71,392$68,728$61,523
5 years$63,473$60,442$57,566$54,836$52,246$45,349
6 years$52,364$49,356$46,522$43,853$41,340$34,758
7 years$44,431$41,449$38,660$36,054$33,621$27,354
8 years$38,485$35,529$32,787$30,245$27,892$21,938
9 years$33,863$30,935$28,239$25,762$23,489$17,843
10 years$30,167$27,267$24,619$22,207$20,014$14,670
11 years$27,145$24,274$21,675$19,327$17,212$12,163
12 years$24,628$21,787$19,236$16,952$14,916$10,152
13 years$22,501$19,689$17,186$14,966$13,007$8,519
14 years$20,678$17,897$15,441$13,285$11,402$7,181
15 years$19,101$16,349$13,942$11,848$10,039$6,075
16 years$17,722$15,000$12,640$10,609$8,873$5,155
17 years$16,506$13,815$11,502$9,532$7,867$4,385
18 years$15,426$12,765$10,500$8,590$6,995$3,738
19 years$14,462$11,831$9,612$7,762$6,235$3,192
20 years$13,595$10,994$8,821$7,030$5,569$2,730
21 years$12,811$10,240$8,114$6,380$4,984$2,338
22 years$12,100$9,559$7,478$5,801$4,467$2,004
23 years$11,451$8,940$6,905$5,283$4,010$1,720
24 years$10,858$8,376$6,386$4,818$3,604$1,477
25 years$10,313$7,861$5,915$4,400$3,243$1,269
26 years$9,810$7,388$5,486$4,024$2,921$1,091
27 years$9,346$6,953$5,094$3,683$2,634$938
28 years$8,915$6,552$4,735$3,374$2,377$808
29 years$8,515$6,181$4,407$3,094$2,146$695
30 years$8,142$5,837$4,105$2,840$1,939$599
31 years$7,794$5,518$3,827$2,608$1,753$516
32 years$7,469$5,221$3,570$2,397$1,586$444
33 years$7,163$4,945$3,334$2,204$1,435$383
34 years$6,877$4,686$3,115$2,028$1,299$330
35 years$6,607$4,445$2,912$1,867$1,177$285
36 years$6,353$4,219$2,724$1,719$1,066$245
37 years$6,113$4,007$2,550$1,584$966$211
38 years$5,886$3,808$2,388$1,460$876$182
39 years$5,672$3,621$2,237$1,346$795$157
40 years$5,469$3,445$2,097$1,242$721$136
41 years$5,276$3,279$1,966$1,146$654$117
42 years$5,093$3,123$1,844$1,057$593$101
43 years$4,918$2,976$1,731$976$538$87
44 years$4,753$2,837$1,624$901$489$75
45 years$4,595$2,705$1,525$832$444$65
46 years$4,444$2,580$1,433$769$403$56
47 years$4,300$2,462$1,346$710$366$48
48 years$4,163$2,351$1,265$656$332$42
49 years$4,031$2,245$1,189$607$302$36
50 years$3,905$2,144$1,118$561$274$31

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 $5,484 every year, while hoping to spend $53,520 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: 38/40/22 Blend
59$4,000,000$4,000,000$4,000,000$4,000,000
60$4,413,657$4,201,657$4,139,657$4,552,140
61$4,806,905$4,350,593$4,221,390$4,802,009
62$5,238,471$4,505,033$4,304,068$5,066,451
63$5,712,206$4,665,191$4,387,666$5,351,164
64$6,232,353$4,831,288$4,472,155$5,658,011
65$6,803,587$5,003,555$4,557,506$5,989,039
66$7,431,056$5,182,233$4,643,686$6,346,500
67$8,120,432$5,367,571$4,730,658$6,732,863
68$8,877,964$5,559,829$4,818,383$7,150,847
69$9,710,536$5,759,280$4,906,818$7,603,438
70$10,625,731$5,966,205$4,995,917$8,093,921
71$11,631,905$6,180,898$5,085,629$8,625,905
72$12,738,262$6,403,665$5,175,900$9,203,362
73$13,954,945$6,634,825$5,266,673$9,830,659
74$15,293,126$6,874,709$5,357,884$10,512,601
75$16,765,118$7,123,663$5,449,466$11,254,473
76$18,384,484$7,382,046$5,541,347$12,062,089
77$20,166,169$7,650,234$5,633,450$12,941,848
78$22,126,640$7,928,616$5,725,692$13,900,791
79$24,284,039$8,217,601$5,817,984$14,946,666
80$26,658,359$8,517,611$5,910,234$16,088,001
81$29,271,625$8,829,087$6,002,341$17,334,183
82$32,148,109$9,152,491$6,094,198$18,695,544
83$35,314,554$9,488,301$6,185,691$20,183,460
84$38,800,428$9,837,017$6,276,701$21,810,452
85$42,638,200$10,199,159$6,367,099$23,590,306
86$46,863,649$10,575,271$6,456,749$25,538,204
87$51,516,199$10,965,916$6,545,508$27,670,857
88$56,639,291$11,371,686$6,633,223$30,006,672
89$62,280,794$11,793,195$6,719,731$32,565,915
90$68,493,457$12,231,083$6,804,864$35,370,905
91$75,335,401$12,686,017$6,888,438$38,446,220
92$82,870,676$13,158,696$6,970,265$41,818,932
93$91,169,857$13,649,844$7,050,141$45,518,852
94$100,310,715$14,160,219$7,127,853$49,578,819
95$110,378,949$14,690,611$7,203,178$54,035,000
96$121,468,994$15,241,843$7,275,876$58,927,232
97$133,684,912$15,814,775$7,345,699$64,299,397
98$147,141,376$16,410,301$7,412,383$70,199,830
99$161,964,748$17,029,358$7,475,649$76,681,778
100$178,294,275$17,672,919$7,535,206$83,803,893