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%15.2%
1 years$346,832$343,743$340,729$337,787$334,914$327,750
2 years$171,699$168,501$165,402$162,397$159,483$152,300
3 years$113,329$110,117$107,026$104,050$101,182$94,205
4 years$84,150$80,948$77,888$74,962$72,164$65,446
5 years$66,647$63,464$60,444$57,578$54,858$48,418
6 years$54,982$51,823$48,848$46,046$43,407$37,253
7 years$46,653$43,521$40,593$37,857$35,302$29,433
8 years$40,409$37,306$34,426$31,757$29,286$23,702
9 years$35,556$32,481$29,651$27,050$24,663$19,359
10 years$31,675$28,631$25,850$23,317$21,014$15,985
11 years$28,502$25,488$22,758$20,293$18,073$13,313
12 years$25,860$22,877$20,197$17,800$15,662$11,162
13 years$23,626$20,674$18,045$15,714$13,657$9,411
14 years$21,712$18,792$16,214$13,950$11,972$7,971
15 years$20,056$17,167$14,639$12,441$10,541$6,776
16 years$18,608$15,750$13,272$11,139$9,316$5,778
17 years$17,331$14,505$12,077$10,008$8,260$4,940
18 years$16,198$13,404$11,025$9,020$7,345$4,233
19 years$15,185$12,422$10,093$8,150$6,547$3,634
20 years$14,274$11,543$9,263$7,381$5,847$3,124
21 years$13,452$10,752$8,520$6,699$5,233$2,690
22 years$12,705$10,037$7,852$6,091$4,690$2,318
23 years$12,024$9,387$7,250$5,547$4,210$2,000
24 years$11,401$8,795$6,705$5,059$3,784$1,727
25 years$10,828$8,254$6,210$4,621$3,405$1,492
26 years$10,301$7,757$5,760$4,225$3,067$1,290
27 years$9,813$7,301$5,348$3,867$2,766$1,116
28 years$9,361$6,879$4,972$3,543$2,495$966
29 years$8,941$6,490$4,627$3,249$2,253$837
30 years$8,549$6,129$4,310$2,982$2,036$725
31 years$8,184$5,794$4,018$2,739$1,841$628
32 years$7,842$5,482$3,749$2,517$1,665$544
33 years$7,522$5,192$3,500$2,314$1,507$472
34 years$7,221$4,921$3,270$2,129$1,364$409
35 years$6,937$4,667$3,058$1,960$1,236$355
36 years$6,671$4,430$2,860$1,805$1,120$307
37 years$6,419$4,207$2,677$1,663$1,015$267
38 years$6,181$3,998$2,507$1,533$920$231
39 years$5,956$3,802$2,349$1,414$834$201
40 years$5,742$3,617$2,202$1,304$757$174
41 years$5,540$3,443$2,064$1,203$687$151
42 years$5,347$3,279$1,937$1,110$623$131
43 years$5,164$3,125$1,817$1,025$565$114
44 years$4,990$2,978$1,706$946$513$99
45 years$4,824$2,840$1,602$874$466$86
46 years$4,666$2,709$1,504$807$423$74
47 years$4,515$2,586$1,413$746$384$65
48 years$4,371$2,468$1,328$689$349$56
49 years$4,233$2,357$1,248$637$317$49
50 years$4,101$2,252$1,174$589$288$42

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 $6,032 every year, while hoping to spend $32,226 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: 45/45/10 Blend
59$4,200,000$4,200,000$4,200,000$4,200,000
60$4,634,622$4,412,022$4,346,922$4,829,815
61$5,073,065$4,593,923$4,458,256$5,147,500
62$5,555,150$4,783,657$4,572,239$5,487,987
63$6,085,292$4,981,574$4,688,927$5,856,450
64$6,668,361$5,188,039$4,808,374$6,255,483
65$7,309,717$5,403,436$4,930,638$6,687,929
66$8,015,268$5,628,165$5,055,774$7,156,916
67$8,791,524$5,862,644$5,183,842$7,665,873
68$9,645,658$6,107,311$5,314,898$8,218,570
69$10,585,571$6,362,626$5,449,004$8,819,150
70$11,619,971$6,629,066$5,586,217$9,472,162
71$12,758,452$6,907,134$5,726,599$10,182,607
72$14,011,585$7,197,355$5,870,212$10,955,982
73$15,391,019$7,500,278$6,017,116$11,798,328
74$16,909,588$7,816,476$6,167,374$12,716,289
75$18,581,434$8,146,552$6,321,050$13,717,168
76$20,422,142$8,491,134$6,478,206$14,808,996
77$22,448,882$8,850,881$6,638,907$16,000,605
78$24,680,575$9,226,482$6,803,218$17,301,712
79$27,138,071$9,618,657$6,971,203$18,723,003
80$29,844,344$10,028,161$7,142,928$20,276,232
81$32,824,710$10,455,783$7,318,459$21,974,335
82$36,107,065$10,902,351$7,497,862$23,831,541
83$39,722,148$11,368,729$7,681,203$25,863,511
84$43,703,833$11,855,823$7,868,549$28,087,475
85$48,089,446$12,364,580$8,059,967$30,522,400
86$52,920,117$12,895,992$8,255,524$33,189,156
87$58,241,172$13,451,099$8,455,287$36,110,718
88$64,102,555$14,030,986$8,659,323$39,312,373
89$70,559,305$14,636,793$8,867,699$42,821,960
90$77,672,068$15,269,710$9,080,481$46,670,123
91$85,507,679$15,930,986$9,297,737$50,890,600
92$94,139,783$16,621,925$9,519,532$55,520,536
93$103,649,537$17,343,895$9,745,932$60,600,829
94$114,126,372$18,098,328$9,977,003$66,176,510
95$125,668,838$18,886,723$10,212,809$72,297,166
96$138,385,536$19,710,649$10,453,415$79,017,398
97$152,396,139$20,571,749$10,698,882$86,397,335
98$167,832,524$21,471,744$10,949,274$94,503,195
99$184,840,018$22,412,436$11,204,652$103,407,901
100$203,578,767$23,395,712$11,465,074$113,191,767