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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$330,316$327,374$324,503$321,702$318,966$312,910
2 years$163,523$160,477$157,526$154,664$151,888$145,811
3 years$107,932$104,874$101,930$99,095$96,364$90,454
4 years$80,143$77,093$74,179$71,392$68,728$63,031
5 years$63,473$60,442$57,566$54,836$52,246$46,778
6 years$52,364$49,356$46,522$43,853$41,340$36,109
7 years$44,431$41,449$38,660$36,054$33,621$28,626
8 years$38,485$35,529$32,787$30,245$27,892$23,132
9 years$33,863$30,935$28,239$25,762$23,489$18,962
10 years$30,167$27,267$24,619$22,207$20,014$15,715
11 years$27,145$24,274$21,675$19,327$17,212$13,137
12 years$24,628$21,787$19,236$16,952$14,916$11,059
13 years$22,501$19,689$17,186$14,966$13,007$9,361
14 years$20,678$17,897$15,441$13,285$11,402$7,961
15 years$19,101$16,349$13,942$11,848$10,039$6,796
16 years$17,722$15,000$12,640$10,609$8,873$5,820
17 years$16,506$13,815$11,502$9,532$7,867$4,997
18 years$15,426$12,765$10,500$8,590$6,995$4,301
19 years$14,462$11,831$9,612$7,762$6,235$3,708
20 years$13,595$10,994$8,821$7,030$5,569$3,203
21 years$12,811$10,240$8,114$6,380$4,984$2,770
22 years$12,100$9,559$7,478$5,801$4,467$2,398
23 years$11,451$8,940$6,905$5,283$4,010$2,079
24 years$10,858$8,376$6,386$4,818$3,604$1,804
25 years$10,313$7,861$5,915$4,400$3,243$1,566
26 years$9,810$7,388$5,486$4,024$2,921$1,361
27 years$9,346$6,953$5,094$3,683$2,634$1,183
28 years$8,915$6,552$4,735$3,374$2,377$1,029
29 years$8,515$6,181$4,407$3,094$2,146$895
30 years$8,142$5,837$4,105$2,840$1,939$779
31 years$7,794$5,518$3,827$2,608$1,753$678
32 years$7,469$5,221$3,570$2,397$1,586$591
33 years$7,163$4,945$3,334$2,204$1,435$515
34 years$6,877$4,686$3,115$2,028$1,299$448
35 years$6,607$4,445$2,912$1,867$1,177$391
36 years$6,353$4,219$2,724$1,719$1,066$341
37 years$6,113$4,007$2,550$1,584$966$297
38 years$5,886$3,808$2,388$1,460$876$259
39 years$5,672$3,621$2,237$1,346$795$226
40 years$5,469$3,445$2,097$1,242$721$197
41 years$5,276$3,279$1,966$1,146$654$172
42 years$5,093$3,123$1,844$1,057$593$150
43 years$4,918$2,976$1,731$976$538$131
44 years$4,753$2,837$1,624$901$489$114
45 years$4,595$2,705$1,525$832$444$99
46 years$4,444$2,580$1,433$769$403$87
47 years$4,300$2,462$1,346$710$366$76
48 years$4,163$2,351$1,265$656$332$66
49 years$4,031$2,245$1,189$607$302$58
50 years$3,905$2,144$1,118$561$274$50

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 $3,430 every year, while hoping to spend $56,118 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: 64/23/13 Blend
59$4,000,000$4,000,000$4,000,000$4,000,000
60$4,411,538$4,199,538$4,137,538$4,680,205
61$4,801,806$4,345,606$4,216,436$5,006,412
62$5,230,000$4,496,951$4,296,097$5,355,779
63$5,699,930$4,653,772$4,376,486$5,736,005
64$6,215,792$4,816,275$4,457,567$6,150,095
65$6,782,207$4,984,677$4,539,300$6,601,354
66$7,404,267$5,159,202$4,621,642$7,093,424
67$8,087,582$5,340,081$4,704,546$7,630,309
68$8,838,328$5,527,559$4,787,962$8,216,419
69$9,663,314$5,721,886$4,871,835$8,856,608
70$10,570,038$5,923,324$4,956,108$9,556,221
71$11,566,762$6,132,147$5,040,717$10,321,142
72$12,662,587$6,348,637$5,125,596$11,157,849
73$13,867,540$6,573,090$5,210,673$12,073,477
74$15,192,669$6,805,811$5,295,871$13,075,880
75$16,650,147$7,047,122$5,381,108$14,173,711
76$18,253,385$7,297,353$5,466,298$15,376,496
77$20,017,157$7,556,851$5,551,346$16,694,728
78$21,957,745$7,825,974$5,636,154$18,139,961
79$24,093,086$8,105,098$5,720,616$19,724,925
80$26,442,946$8,394,613$5,804,621$21,463,637
81$29,029,100$8,694,922$5,888,050$23,371,539
82$31,875,545$9,006,450$5,970,776$25,465,639
83$35,008,719$9,329,635$6,052,666$27,764,674
84$38,457,756$9,664,935$6,133,578$30,289,281
85$42,254,757$10,012,827$6,213,363$33,062,195
86$46,435,093$10,373,805$6,291,861$36,108,463
87$51,037,739$10,748,388$6,368,905$39,455,674
88$56,105,642$11,137,113$6,444,317$43,134,225
89$61,686,125$11,540,540$6,517,910$47,177,603
90$67,831,337$11,959,253$6,589,486$51,622,699
91$74,598,736$12,393,859$6,658,837$56,510,159
92$82,051,641$12,844,992$6,725,741$61,884,764
93$90,259,823$13,313,311$6,789,968$67,795,849
94$99,300,165$13,799,504$6,851,273$74,297,773
95$109,257,388$14,304,286$6,909,397$81,450,424
96$120,224,849$14,828,404$6,964,069$89,319,792
97$132,305,423$15,372,634$7,015,004$97,978,579
98$145,612,470$15,937,787$7,061,901$107,506,893
99$160,270,911$16,524,708$7,104,443$117,993,000
100$176,418,400$17,134,275$7,142,299$129,534,152