Can I retire at age 60 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$338,574$335,558$332,616$329,744$326,940$315,340
2 years$167,611$164,489$161,464$158,531$155,686$144,122
3 years$110,631$107,496$104,478$101,572$98,773$87,610
4 years$82,146$79,021$76,033$73,177$70,446$59,768
5 years$65,060$61,953$59,005$56,207$53,552$43,388
6 years$53,673$50,589$47,685$44,949$42,374$32,731
7 years$45,542$42,485$39,626$36,955$34,461$25,338
8 years$39,447$36,417$33,606$31,001$28,589$19,977
9 years$34,709$31,708$28,945$26,406$24,076$15,964
10 years$30,921$27,949$25,235$22,762$20,514$12,889
11 years$27,823$24,881$22,216$19,810$17,643$10,488
12 years$25,244$22,332$19,716$17,376$15,289$8,588
13 years$23,063$20,182$17,615$15,340$13,332$7,067
14 years$21,195$18,345$15,827$13,617$11,687$5,838
15 years$19,578$16,758$14,290$12,144$10,290$4,839
16 years$18,165$15,375$12,956$10,874$9,094$4,021
17 years$16,918$14,160$11,790$9,770$8,064$3,349
18 years$15,812$13,085$10,762$8,805$7,170$2,794
19 years$14,823$12,127$9,852$7,956$6,391$2,335
20 years$13,935$11,269$9,042$7,206$5,708$1,953
21 years$13,132$10,496$8,317$6,540$5,108$1,635
22 years$12,402$9,798$7,665$5,946$4,579$1,371
23 years$11,738$9,164$7,078$5,415$4,110$1,149
24 years$11,129$8,586$6,546$4,939$3,694$965
25 years$10,570$8,057$6,062$4,510$3,324$810
26 years$10,055$7,573$5,623$4,124$2,994$680
27 years$9,579$7,127$5,221$3,775$2,700$572
28 years$9,138$6,716$4,854$3,459$2,436$480
29 years$8,728$6,335$4,517$3,172$2,200$404
30 years$8,346$5,983$4,207$2,911$1,988$340
31 years$7,989$5,656$3,922$2,673$1,797$286
32 years$7,655$5,352$3,660$2,457$1,625$240
33 years$7,342$5,068$3,417$2,259$1,471$202
34 years$7,049$4,803$3,193$2,079$1,332$170
35 years$6,772$4,556$2,985$1,914$1,206$143
36 years$6,512$4,324$2,792$1,762$1,093$120
37 years$6,266$4,107$2,614$1,624$991$101
38 years$6,034$3,903$2,447$1,497$898$85
39 years$5,814$3,712$2,293$1,380$814$72
40 years$5,605$3,531$2,149$1,273$739$60
41 years$5,408$3,361$2,015$1,174$670$51
42 years$5,220$3,201$1,890$1,084$608$43
43 years$5,041$3,050$1,774$1,000$552$36
44 years$4,871$2,907$1,665$924$501$30
45 years$4,709$2,773$1,563$853$455$25
46 years$4,555$2,645$1,468$788$413$21
47 years$4,408$2,524$1,380$728$375$18
48 years$4,267$2,410$1,296$673$341$15
49 years$4,132$2,301$1,219$622$309$13
50 years$4,003$2,198$1,146$575$281$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,100,000, adding $4,868 every year, while hoping to spend $51,703 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: 53/34/13 Blend
59$4,100,000$4,100,000$4,100,000$4,100,000
60$4,523,221$4,305,921$4,242,371$4,747,189
61$4,929,578$4,461,900$4,329,479$5,056,368
62$5,375,651$4,623,789$4,417,772$5,386,633
63$5,865,435$4,791,822$4,507,236$5,744,781
64$6,403,334$4,966,246$4,597,852$6,133,470
65$6,994,197$5,147,314$4,689,603$6,555,619
66$7,643,365$5,335,294$4,782,466$7,014,441
67$8,356,726$5,530,460$4,876,415$7,513,469
68$9,140,762$5,733,103$4,971,425$8,056,589
69$10,002,617$5,943,522$5,067,465$8,648,077
70$10,950,160$6,162,030$5,164,501$9,292,636
71$11,992,061$6,388,955$5,262,497$9,995,443
72$13,137,874$6,624,636$5,361,413$10,762,191
73$14,398,122$6,869,428$5,461,205$11,599,150
74$15,784,401$7,123,701$5,561,826$12,513,216
75$17,309,487$7,387,840$5,663,225$13,511,984
76$18,987,457$7,662,246$5,765,345$14,603,810
77$20,833,821$7,947,339$5,868,127$15,797,895
78$22,865,667$8,243,556$5,971,506$17,104,367
79$25,101,826$8,551,351$6,075,413$18,534,377
80$27,563,045$8,871,199$6,179,771$20,100,202
81$30,272,184$9,203,597$6,284,502$21,815,360
82$33,254,433$9,549,059$6,389,520$23,694,737
83$36,537,548$9,908,126$6,494,731$25,754,723
84$40,152,113$10,281,359$6,600,039$28,013,369
85$44,131,826$10,669,343$6,705,339$30,490,552
86$48,513,823$11,072,692$6,810,518$33,208,164
87$53,339,020$11,492,041$6,915,458$36,190,316
88$58,652,507$11,928,058$7,020,032$39,463,562
89$64,503,966$12,381,435$7,124,106$43,057,150
90$70,948,144$12,852,899$7,227,537$47,003,296
91$78,045,368$13,343,205$7,330,174$51,337,483
92$85,862,116$13,853,142$7,431,854$56,098,798
93$94,471,639$14,383,534$7,532,409$61,330,296
94$103,954,659$14,935,240$7,631,658$67,079,405
95$114,400,125$15,509,157$7,729,409$73,398,373
96$125,906,054$16,106,222$7,825,461$80,344,753
97$138,580,457$16,727,413$7,919,599$87,981,952
98$152,542,357$17,373,749$8,011,599$96,379,820
99$167,922,911$18,046,297$8,101,221$105,615,308
100$184,866,651$18,746,168$8,188,215$115,773,196