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

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$338,574$335,558$332,616$329,744$326,940$324,879
2 years$167,611$164,489$161,464$158,531$155,686$153,607
3 years$110,631$107,496$104,478$101,572$98,773$96,741
4 years$82,146$79,021$76,033$73,177$70,446$68,476
5 years$65,060$61,953$59,005$56,207$53,552$51,650
6 years$53,673$50,589$47,685$44,949$42,374$40,542
7 years$45,542$42,485$39,626$36,955$34,461$32,701
8 years$39,447$36,417$33,606$31,001$28,589$26,900
9 years$34,709$31,708$28,945$26,406$24,076$22,458
10 years$30,921$27,949$25,235$22,762$20,514$18,966
11 years$27,823$24,881$22,216$19,810$17,643$16,163
12 years$25,244$22,332$19,716$17,376$15,289$13,877
13 years$23,063$20,182$17,615$15,340$13,332$11,987
14 years$21,195$18,345$15,827$13,617$11,687$10,406
15 years$19,578$16,758$14,290$12,144$10,290$9,072
16 years$18,165$15,375$12,956$10,874$9,094$7,938
17 years$16,918$14,160$11,790$9,770$8,064$6,966
18 years$15,812$13,085$10,762$8,805$7,170$6,130
19 years$14,823$12,127$9,852$7,956$6,391$5,406
20 years$13,935$11,269$9,042$7,206$5,708$4,777
21 years$13,132$10,496$8,317$6,540$5,108$4,229
22 years$12,402$9,798$7,665$5,946$4,579$3,749
23 years$11,738$9,164$7,078$5,415$4,110$3,328
24 years$11,129$8,586$6,546$4,939$3,694$2,957
25 years$10,570$8,057$6,062$4,510$3,324$2,631
26 years$10,055$7,573$5,623$4,124$2,994$2,343
27 years$9,579$7,127$5,221$3,775$2,700$2,087
28 years$9,138$6,716$4,854$3,459$2,436$1,861
29 years$8,728$6,335$4,517$3,172$2,200$1,661
30 years$8,346$5,983$4,207$2,911$1,988$1,483
31 years$7,989$5,656$3,922$2,673$1,797$1,324
32 years$7,655$5,352$3,660$2,457$1,625$1,183
33 years$7,342$5,068$3,417$2,259$1,471$1,058
34 years$7,049$4,803$3,193$2,079$1,332$946
35 years$6,772$4,556$2,985$1,914$1,206$846
36 years$6,512$4,324$2,792$1,762$1,093$757
37 years$6,266$4,107$2,614$1,624$991$678
38 years$6,034$3,903$2,447$1,497$898$607
39 years$5,814$3,712$2,293$1,380$814$543
40 years$5,605$3,531$2,149$1,273$739$486
41 years$5,408$3,361$2,015$1,174$670$436
42 years$5,220$3,201$1,890$1,084$608$390
43 years$5,041$3,050$1,774$1,000$552$350
44 years$4,871$2,907$1,665$924$501$313
45 years$4,709$2,773$1,563$853$455$281
46 years$4,555$2,645$1,468$788$413$252
47 years$4,408$2,524$1,380$728$375$225
48 years$4,267$2,410$1,296$673$341$202
49 years$4,132$2,301$1,219$622$309$181
50 years$4,003$2,198$1,146$575$281$162

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 $4,041 every year, while hoping to spend $53,160 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: 41/36/23 Blend
59$4,100,000$4,100,000$4,100,000$4,100,000
60$4,522,368$4,305,068$4,241,518$4,677,013
61$4,927,088$4,459,455$4,327,047$4,942,585
62$5,371,307$4,619,625$4,413,660$5,224,487
63$5,858,999$4,785,805$4,501,336$5,528,557
64$6,394,540$4,958,232$4,590,054$5,856,856
65$6,982,751$5,137,153$4,679,788$6,211,651
66$7,628,942$5,322,824$4,770,512$6,595,431
67$8,338,964$5,515,512$4,862,194$7,010,933
68$9,119,262$5,715,496$4,954,801$7,461,166
69$9,976,937$5,923,066$5,048,297$7,949,441
70$10,919,812$6,138,523$5,142,642$8,479,395
71$11,956,504$6,362,182$5,237,791$9,055,031
72$13,096,509$6,594,370$5,333,699$9,680,753
73$14,350,288$6,835,430$5,430,314$10,361,404
74$15,729,368$7,085,717$5,527,580$11,102,312
75$17,246,448$7,345,601$5,625,438$11,909,343
76$18,915,520$7,615,470$5,723,824$12,788,947
77$20,752,000$7,895,724$5,822,669$13,748,227
78$22,772,874$8,186,785$5,921,899$14,794,999
79$24,996,858$8,489,089$6,021,434$15,937,864
80$27,444,576$8,803,092$6,121,190$17,186,294
81$30,138,749$9,129,270$6,221,076$18,550,712
82$33,104,414$9,468,117$6,320,995$20,042,595
83$36,369,160$9,820,151$6,420,844$21,674,578
84$39,963,385$10,185,909$6,520,513$23,460,575
85$43,920,585$10,565,953$6,619,885$25,415,902
86$48,277,669$10,960,869$6,718,835$27,557,429
87$53,075,307$11,371,267$6,817,232$29,903,729
88$58,358,313$11,797,784$6,914,934$32,475,260
89$64,176,070$12,241,084$7,011,793$35,294,547
90$70,582,992$12,701,860$7,107,651$38,386,400
91$77,639,040$13,180,835$7,202,340$41,778,146
92$85,410,288$13,678,761$7,295,684$45,499,880
93$93,969,542$14,196,426$7,387,495$49,584,750
94$103,397,035$14,734,649$7,477,575$54,069,270
95$113,781,173$15,294,288$7,565,714$58,993,657
96$125,219,379$15,876,234$7,651,692$64,402,214
97$137,819,006$16,481,421$7,735,274$70,343,743
98$151,698,354$17,110,819$7,816,215$76,872,002
99$166,987,782$17,765,446$7,894,255$84,046,212
100$183,830,943$18,446,359$7,969,119$91,931,613