Can I retire at age 60 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$346,832$343,743$340,729$337,787$334,914$324,193
2 years$171,699$168,501$165,402$162,397$159,483$148,781
3 years$113,329$110,117$107,026$104,050$101,182$90,835
4 years$84,150$80,948$77,888$74,962$72,164$62,250
5 years$66,647$63,464$60,444$57,578$54,858$45,404
6 years$54,982$51,823$48,848$46,046$43,407$34,422
7 years$46,653$43,521$40,593$37,857$35,302$26,784
8 years$40,409$37,306$34,426$31,757$29,286$21,230
9 years$35,556$32,481$29,651$27,050$24,663$17,059
10 years$31,675$28,631$25,850$23,317$21,014$13,851
11 years$28,502$25,488$22,758$20,293$18,073$11,337
12 years$25,860$22,877$20,197$17,800$15,662$9,339
13 years$23,626$20,674$18,045$15,714$13,657$7,732
14 years$21,712$18,792$16,214$13,950$11,972$6,428
15 years$20,056$17,167$14,639$12,441$10,541$5,362
16 years$18,608$15,750$13,272$11,139$9,316$4,485
17 years$17,331$14,505$12,077$10,008$8,260$3,760
18 years$16,198$13,404$11,025$9,020$7,345$3,158
19 years$15,185$12,422$10,093$8,150$6,547$2,657
20 years$14,274$11,543$9,263$7,381$5,847$2,238
21 years$13,452$10,752$8,520$6,699$5,233$1,887
22 years$12,705$10,037$7,852$6,091$4,690$1,593
23 years$12,024$9,387$7,250$5,547$4,210$1,345
24 years$11,401$8,795$6,705$5,059$3,784$1,137
25 years$10,828$8,254$6,210$4,621$3,405$961
26 years$10,301$7,757$5,760$4,225$3,067$813
27 years$9,813$7,301$5,348$3,867$2,766$689
28 years$9,361$6,879$4,972$3,543$2,495$583
29 years$8,941$6,490$4,627$3,249$2,253$494
30 years$8,549$6,129$4,310$2,982$2,036$418
31 years$8,184$5,794$4,018$2,739$1,841$354
32 years$7,842$5,482$3,749$2,517$1,665$300
33 years$7,522$5,192$3,500$2,314$1,507$254
34 years$7,221$4,921$3,270$2,129$1,364$216
35 years$6,937$4,667$3,058$1,960$1,236$183
36 years$6,671$4,430$2,860$1,805$1,120$155
37 years$6,419$4,207$2,677$1,663$1,015$131
38 years$6,181$3,998$2,507$1,533$920$111
39 years$5,956$3,802$2,349$1,414$834$94
40 years$5,742$3,617$2,202$1,304$757$80
41 years$5,540$3,443$2,064$1,203$687$68
42 years$5,347$3,279$1,937$1,110$623$58
43 years$5,164$3,125$1,817$1,025$565$49
44 years$4,990$2,978$1,706$946$513$41
45 years$4,824$2,840$1,602$874$466$35
46 years$4,666$2,709$1,504$807$423$30
47 years$4,515$2,586$1,413$746$384$25
48 years$4,371$2,468$1,328$689$349$21
49 years$4,233$2,357$1,248$637$317$18
50 years$4,101$2,252$1,174$589$288$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,200,000, adding $2,828 every year, while hoping to spend $38,824 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: 40/47/13 Blend
59$4,200,000$4,200,000$4,200,000$4,200,000
60$4,631,317$4,408,717$4,343,617$4,798,502
61$5,062,403$4,583,436$4,447,820$5,091,682
62$5,536,158$4,765,414$4,554,212$5,404,617
63$6,056,895$4,954,968$4,662,826$5,742,298
64$6,629,362$5,152,425$4,773,695$6,106,984
65$7,258,792$5,358,129$4,886,849$6,501,155
66$7,950,951$5,572,440$5,002,321$6,927,536
67$8,712,191$5,795,733$5,120,142$7,389,113
68$9,549,511$6,028,399$5,240,342$7,889,172
69$10,470,620$6,270,850$5,362,953$8,431,316
70$11,484,014$6,523,513$5,488,003$9,019,505
71$12,599,055$6,786,836$5,615,522$9,658,091
72$13,826,055$7,061,288$5,745,539$10,351,855
73$15,176,379$7,347,357$5,878,081$11,106,052
74$16,662,549$7,645,557$6,013,175$11,926,456
75$18,298,360$7,956,420$6,150,848$12,819,416
76$20,099,015$8,280,507$6,291,124$13,791,913
77$22,081,265$8,618,403$6,434,027$14,851,623
78$24,263,567$8,970,718$6,579,580$16,006,985
79$26,666,260$9,338,091$6,727,805$17,267,283
80$29,311,753$9,721,193$6,878,721$18,642,728
81$32,224,741$10,120,720$7,032,347$20,144,553
82$35,432,434$10,537,405$7,188,700$21,785,114
83$38,964,816$10,972,011$7,347,795$23,578,007
84$42,854,926$11,425,339$7,509,646$25,538,193
85$47,139,173$11,898,225$7,674,263$27,682,134
86$51,857,673$12,391,542$7,841,655$30,027,946
87$57,054,635$12,906,207$8,011,830$32,595,568
88$62,778,773$13,443,176$8,184,791$35,406,947
89$69,083,766$14,003,451$8,360,540$38,486,238
90$76,028,768$14,588,078$8,539,076$41,860,032
91$83,678,962$15,198,153$8,720,395$45,557,602
92$92,106,176$15,834,822$8,904,488$49,611,174
93$101,389,563$16,499,285$9,091,345$54,056,228
94$111,616,344$17,192,796$9,280,951$58,931,829
95$122,882,636$17,916,668$9,473,288$64,280,990
96$135,294,355$18,672,275$9,668,333$70,151,072
97$148,968,217$19,461,054$9,866,059$76,594,230
98$164,032,838$20,284,509$10,066,436$83,667,896
99$180,629,951$21,144,213$10,269,425$91,435,316
100$198,915,742$22,041,815$10,474,986$99,966,143