Can I retire at age 60 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$355,090$351,927$348,841$345,829$342,888$329,544
2 years$175,787$172,513$169,340$166,264$163,280$149,997
3 years$116,027$112,739$109,574$106,527$103,592$90,788
4 years$86,153$82,875$79,742$76,747$73,882$61,656
5 years$68,234$64,975$61,883$58,949$56,164$44,546
6 years$56,291$53,057$50,011$47,142$44,441$33,439
7 years$47,764$44,557$41,559$38,758$36,142$25,752
8 years$41,371$38,194$35,245$32,513$29,984$20,196
9 years$36,402$33,255$30,357$27,694$25,250$16,050
10 years$32,429$29,312$26,466$23,872$21,515$12,884
11 years$29,181$26,095$23,300$20,776$18,503$10,423
12 years$26,475$23,422$20,678$18,223$16,035$8,484
13 years$24,188$21,166$18,475$16,089$13,982$6,938
14 years$22,229$19,239$16,600$14,282$12,257$5,696
15 years$20,533$17,576$14,987$12,737$10,792$4,691
16 years$19,051$16,125$13,588$11,404$9,538$3,873
17 years$17,744$14,851$12,365$10,247$8,457$3,204
18 years$16,583$13,723$11,287$9,234$7,520$2,655
19 years$15,546$12,718$10,333$8,344$6,702$2,203
20 years$14,614$11,818$9,483$7,557$5,987$1,831
21 years$13,772$11,008$8,723$6,859$5,357$1,522
22 years$13,007$10,276$8,039$6,236$4,802$1,267
23 years$12,310$9,611$7,423$5,679$4,311$1,055
24 years$11,672$9,005$6,865$5,180$3,875$879
25 years$11,086$8,450$6,358$4,731$3,487$733
26 years$10,546$7,942$5,897$4,325$3,141$611
27 years$10,047$7,474$5,476$3,959$2,831$510
28 years$9,584$7,043$5,090$3,627$2,555$425
29 years$9,154$6,644$4,737$3,326$2,307$355
30 years$8,753$6,275$4,412$3,053$2,085$296
31 years$8,379$5,932$4,114$2,804$1,885$247
32 years$8,029$5,613$3,838$2,577$1,705$206
33 years$7,701$5,315$3,584$2,369$1,543$172
34 years$7,393$5,038$3,348$2,180$1,397$144
35 years$7,103$4,778$3,130$2,007$1,265$120
36 years$6,829$4,535$2,928$1,848$1,146$100
37 years$6,572$4,307$2,741$1,703$1,039$84
38 years$6,328$4,094$2,567$1,570$942$70
39 years$6,097$3,893$2,405$1,447$854$58
40 years$5,879$3,704$2,254$1,335$775$49
41 years$5,671$3,525$2,114$1,232$703$41
42 years$5,475$3,357$1,983$1,137$638$34
43 years$5,287$3,199$1,860$1,049$579$28
44 years$5,109$3,049$1,746$969$525$24
45 years$4,939$2,908$1,640$895$477$20
46 years$4,777$2,774$1,540$826$433$17
47 years$4,623$2,647$1,447$764$393$14
48 years$4,475$2,527$1,360$706$357$12
49 years$4,334$2,413$1,278$652$324$10
50 years$4,198$2,305$1,202$603$295$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,300,000, adding $3,012 every year, while hoping to spend $58,601 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: 67/27/6 Blend
59$4,300,000$4,300,000$4,300,000$4,300,000
60$4,741,707$4,513,807$4,447,157$5,054,946
61$5,163,010$4,672,632$4,533,786$5,421,838
62$5,625,322$4,837,276$4,621,352$5,815,407
63$6,132,764$5,007,962$4,709,827$6,244,071
64$6,689,875$5,184,921$4,799,175$6,711,244
65$7,301,656$5,368,396$4,889,361$7,220,684
66$7,973,615$5,558,638$4,980,345$7,776,529
67$8,711,820$5,755,908$5,072,083$8,383,328
68$9,522,957$5,960,478$5,164,529$9,046,094
69$10,414,389$6,172,632$5,257,632$9,770,339
70$11,394,231$6,392,665$5,351,336$10,562,136
71$12,471,419$6,620,883$5,445,583$11,428,167
72$13,655,803$6,857,605$5,540,309$12,375,790
73$14,958,231$7,103,164$5,635,445$13,413,104
74$16,390,658$7,357,905$5,730,919$14,549,031
75$17,966,252$7,622,190$5,826,652$15,793,391
76$19,699,525$7,896,393$5,922,561$17,156,999
77$21,606,465$8,180,904$6,018,554$18,651,765
78$23,704,686$8,476,130$6,114,538$20,290,804
79$26,013,598$8,782,495$6,210,409$22,088,561
80$28,554,587$9,100,439$6,306,060$24,060,944
81$31,351,216$9,430,422$6,401,374$26,225,475
82$34,429,450$9,772,922$6,496,230$28,601,451
83$37,817,896$10,128,437$6,590,495$31,210,129
84$41,548,078$10,497,487$6,684,033$34,074,923
85$45,654,730$10,880,612$6,776,697$37,221,622
86$50,176,126$11,278,376$6,868,330$40,678,636
87$55,154,440$11,691,366$6,958,768$44,477,260
88$60,636,143$12,120,193$7,047,837$48,651,968
89$66,672,442$12,565,495$7,135,352$53,240,738
90$73,319,763$13,027,936$7,221,119$58,285,408
91$80,640,284$13,508,209$7,304,930$63,832,069
92$88,702,517$14,007,036$7,386,570$69,931,500
93$97,581,960$14,525,168$7,465,807$76,639,642
94$107,361,809$15,063,389$7,542,400$84,018,128
95$118,133,736$15,622,518$7,616,093$92,134,862
96$129,998,763$16,203,407$7,686,618$101,064,655
97$143,068,206$16,806,944$7,753,689$110,889,932
98$157,464,735$17,434,055$7,817,009$121,701,510
99$173,323,521$18,085,707$7,876,262$133,599,445
100$190,793,522$18,762,908$7,931,119$146,693,984