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%20%
1 years$338,574$335,558$332,616$329,744$326,940$313,844
2 years$167,611$164,489$161,464$158,531$155,686$142,656
3 years$110,631$107,496$104,478$101,572$98,773$86,221
4 years$82,146$79,021$76,033$73,177$70,446$58,466
5 years$65,060$61,953$59,005$56,207$53,552$42,174
6 years$53,673$50,589$47,685$44,949$42,374$31,606
7 years$45,542$42,485$39,626$36,955$34,461$24,299
8 years$39,447$36,417$33,606$31,001$28,589$19,022
9 years$34,709$31,708$28,945$26,406$24,076$15,089
10 years$30,921$27,949$25,235$22,762$20,514$12,090
11 years$27,823$24,881$22,216$19,810$17,643$9,762
12 years$25,244$22,332$19,716$17,376$15,289$7,929
13 years$23,063$20,182$17,615$15,340$13,332$6,471
14 years$21,195$18,345$15,827$13,617$11,687$5,302
15 years$19,578$16,758$14,290$12,144$10,290$4,357
16 years$18,165$15,375$12,956$10,874$9,094$3,589
17 years$16,918$14,160$11,790$9,770$8,064$2,963
18 years$15,812$13,085$10,762$8,805$7,170$2,450
19 years$14,823$12,127$9,852$7,956$6,391$2,028
20 years$13,935$11,269$9,042$7,206$5,708$1,681
21 years$13,132$10,496$8,317$6,540$5,108$1,395
22 years$12,402$9,798$7,665$5,946$4,579$1,158
23 years$11,738$9,164$7,078$5,415$4,110$962
24 years$11,129$8,586$6,546$4,939$3,694$800
25 years$10,570$8,057$6,062$4,510$3,324$665
26 years$10,055$7,573$5,623$4,124$2,994$553
27 years$9,579$7,127$5,221$3,775$2,700$460
28 years$9,138$6,716$4,854$3,459$2,436$383
29 years$8,728$6,335$4,517$3,172$2,200$319
30 years$8,346$5,983$4,207$2,911$1,988$266
31 years$7,989$5,656$3,922$2,673$1,797$221
32 years$7,655$5,352$3,660$2,457$1,625$184
33 years$7,342$5,068$3,417$2,259$1,471$153
34 years$7,049$4,803$3,193$2,079$1,332$128
35 years$6,772$4,556$2,985$1,914$1,206$106
36 years$6,512$4,324$2,792$1,762$1,093$89
37 years$6,266$4,107$2,614$1,624$991$74
38 years$6,034$3,903$2,447$1,497$898$62
39 years$5,814$3,712$2,293$1,380$814$51
40 years$5,605$3,531$2,149$1,273$739$43
41 years$5,408$3,361$2,015$1,174$670$36
42 years$5,220$3,201$1,890$1,084$608$30
43 years$5,041$3,050$1,774$1,000$552$25
44 years$4,871$2,907$1,665$924$501$21
45 years$4,709$2,773$1,563$853$455$17
46 years$4,555$2,645$1,468$788$413$14
47 years$4,408$2,524$1,380$728$375$12
48 years$4,267$2,410$1,296$673$341$10
49 years$4,132$2,301$1,219$622$309$8
50 years$4,003$2,198$1,146$575$281$7

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 $4,169 every year, while hoping to spend $54,656 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: 71/21/8 Blend
59$4,100,000$4,100,000$4,100,000$4,100,000
60$4,522,500$4,305,200$4,241,650$4,837,220
61$4,925,642$4,458,002$4,325,592$5,198,580
62$5,368,072$4,616,458$4,410,514$5,586,830
63$5,853,740$4,780,790$4,496,391$6,010,289
64$6,386,998$4,951,224$4,583,196$6,472,409
65$6,972,637$5,128,000$4,670,899$6,976,989
66$7,615,938$5,311,364$4,759,466$7,528,214
67$8,322,716$5,501,573$4,848,861$8,130,686
68$9,099,379$5,698,897$4,939,044$8,789,476
69$9,952,986$5,903,613$5,029,972$9,510,164
70$10,891,313$6,116,012$5,121,598$10,298,896
71$11,922,928$6,336,398$5,213,873$11,162,437
72$13,057,270$6,565,084$5,306,740$12,108,237
73$14,304,737$6,802,399$5,400,142$13,144,502
74$15,676,789$7,048,685$5,494,016$14,280,265
75$17,186,049$7,304,298$5,588,292$15,525,478
76$18,846,425$7,569,608$5,682,899$16,891,098
77$20,673,242$7,845,001$5,777,759$18,389,195
78$22,683,387$8,130,879$5,872,787$20,033,062
79$24,895,462$8,427,662$5,967,895$21,837,341
80$27,329,968$8,735,786$6,062,988$23,818,159
81$30,009,491$9,055,706$6,157,965$25,993,281
82$32,958,919$9,387,896$6,252,717$28,382,276
83$36,205,675$9,732,849$6,347,129$31,006,699
84$39,779,976$10,091,081$6,441,080$33,890,296
85$43,715,118$10,463,128$6,534,441$37,059,226
86$48,047,788$10,849,550$6,627,072$40,542,306
87$52,818,413$11,250,928$6,718,830$44,371,284
88$58,071,538$11,667,871$6,809,558$48,581,135
89$63,856,251$12,101,012$6,899,094$53,210,391
90$70,226,638$12,551,012$6,987,264$58,301,502
91$77,242,303$13,018,559$7,073,884$63,901,240
92$84,968,920$13,504,370$7,158,761$70,061,134
93$93,478,861$14,009,196$7,241,691$76,837,956
94$102,851,874$14,533,816$7,322,457$84,294,257
95$113,175,837$15,079,044$7,400,831$92,498,956
96$124,547,586$15,645,731$7,476,572$101,527,986
97$137,073,829$16,234,761$7,549,427$111,465,013
98$150,872,154$16,847,059$7,619,127$122,402,223
99$166,072,138$17,483,589$7,685,392$134,441,187
100$182,816,567$18,145,356$7,747,924$147,693,822