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%11.1%
1 years$346,832$343,743$340,729$337,787$334,914$333,362
2 years$171,699$168,501$165,402$162,397$159,483$157,917
3 years$113,329$110,117$107,026$104,050$101,182$99,650
4 years$84,150$80,948$77,888$74,962$72,164$70,678
5 years$66,647$63,464$60,444$57,578$54,858$53,422
6 years$54,982$51,823$48,848$46,046$43,407$42,023
7 years$46,653$43,521$40,593$37,857$35,302$33,970
8 years$40,409$37,306$34,426$31,757$29,286$28,007
9 years$35,556$32,481$29,651$27,050$24,663$23,437
10 years$31,675$28,631$25,850$23,317$21,014$19,840
11 years$28,502$25,488$22,758$20,293$18,073$16,950
12 years$25,860$22,877$20,197$17,800$15,662$14,589
13 years$23,626$20,674$18,045$15,714$13,657$12,633
14 years$21,712$18,792$16,214$13,950$11,972$10,996
15 years$20,056$17,167$14,639$12,441$10,541$9,612
16 years$18,608$15,750$13,272$11,139$9,316$8,433
17 years$17,331$14,505$12,077$10,008$8,260$7,421
18 years$16,198$13,404$11,025$9,020$7,345$6,549
19 years$15,185$12,422$10,093$8,150$6,547$5,792
20 years$14,274$11,543$9,263$7,381$5,847$5,133
21 years$13,452$10,752$8,520$6,699$5,233$4,557
22 years$12,705$10,037$7,852$6,091$4,690$4,052
23 years$12,024$9,387$7,250$5,547$4,210$3,608
24 years$11,401$8,795$6,705$5,059$3,784$3,216
25 years$10,828$8,254$6,210$4,621$3,405$2,870
26 years$10,301$7,757$5,760$4,225$3,067$2,563
27 years$9,813$7,301$5,348$3,867$2,766$2,291
28 years$9,361$6,879$4,972$3,543$2,495$2,050
29 years$8,941$6,490$4,627$3,249$2,253$1,835
30 years$8,549$6,129$4,310$2,982$2,036$1,643
31 years$8,184$5,794$4,018$2,739$1,841$1,472
32 years$7,842$5,482$3,749$2,517$1,665$1,320
33 years$7,522$5,192$3,500$2,314$1,507$1,184
34 years$7,221$4,921$3,270$2,129$1,364$1,062
35 years$6,937$4,667$3,058$1,960$1,236$953
36 years$6,671$4,430$2,860$1,805$1,120$856
37 years$6,419$4,207$2,677$1,663$1,015$769
38 years$6,181$3,998$2,507$1,533$920$690
39 years$5,956$3,802$2,349$1,414$834$620
40 years$5,742$3,617$2,202$1,304$757$557
41 years$5,540$3,443$2,064$1,203$687$501
42 years$5,347$3,279$1,937$1,110$623$450
43 years$5,164$3,125$1,817$1,025$565$405
44 years$4,990$2,978$1,706$946$513$364
45 years$4,824$2,840$1,602$874$466$327
46 years$4,666$2,709$1,504$807$423$294
47 years$4,515$2,586$1,413$746$384$265
48 years$4,371$2,468$1,328$689$349$238
49 years$4,233$2,357$1,248$637$317$214
50 years$4,101$2,252$1,174$589$288$193

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 $6,293 every year, while hoping to spend $45,079 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: 46/25/29 Blend
59$4,200,000$4,200,000$4,200,000$4,200,000
60$4,634,891$4,412,291$4,347,191$4,809,114
61$5,059,686$4,580,530$4,444,858$5,101,595
62$5,526,300$4,755,501$4,544,287$5,413,921
63$6,038,949$4,937,488$4,645,487$5,751,958
64$6,602,282$5,126,784$4,748,470$6,118,142
65$7,221,416$5,323,698$4,853,246$6,515,151
66$7,901,991$5,528,550$4,959,820$6,945,930
67$8,650,221$5,741,675$5,068,201$7,413,720
68$9,472,950$5,963,424$5,178,392$7,922,083
69$10,377,720$6,194,161$5,290,398$8,474,939
70$11,372,841$6,434,269$5,404,219$9,076,601
71$12,467,467$6,684,144$5,519,856$9,731,814
72$13,671,684$6,944,202$5,637,307$10,445,800
73$14,996,606$7,214,879$5,756,568$11,224,305
74$16,454,478$7,496,626$5,877,631$12,073,653
75$18,058,793$7,789,918$6,000,489$13,000,806
76$19,824,414$8,095,249$6,125,131$14,013,426
77$21,767,724$8,413,136$6,251,542$15,119,947
78$23,906,769$8,744,117$6,379,706$16,329,655
79$26,261,438$9,088,756$6,509,604$17,652,774
80$28,853,642$9,447,643$6,641,213$19,100,560
81$31,707,527$9,821,391$6,774,507$20,685,405
82$34,849,699$10,210,644$6,909,458$22,420,956
83$38,309,475$10,616,072$7,046,031$24,322,242
84$42,119,159$11,038,377$7,184,191$26,405,811
85$46,314,348$11,478,292$7,323,896$28,689,888
86$50,934,265$11,936,582$7,465,100$31,194,543
87$56,022,133$12,414,048$7,607,754$33,941,882
88$61,625,580$12,911,525$7,751,803$36,956,251
89$67,797,088$13,429,889$7,897,187$40,264,467
90$74,594,489$13,970,051$8,043,841$43,896,066
91$82,081,511$14,532,968$8,191,694$47,883,582
92$90,328,379$15,119,637$8,340,669$52,262,851
93$99,412,475$15,731,101$8,490,683$57,073,352
94$109,419,073$16,368,451$8,641,647$62,358,568
95$120,442,140$17,032,826$8,793,463$68,166,405
96$132,585,223$17,725,419$8,946,029$74,549,634
97$145,962,427$18,447,476$9,099,232$81,566,391
98$160,699,491$19,200,299$9,252,953$89,280,722
99$176,934,976$19,985,250$9,407,063$97,763,184
100$194,821,570$20,803,754$9,561,427$107,091,513