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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$355,090$351,927$348,841$345,829$342,888$335,143
2 years$175,787$172,513$169,340$166,264$163,280$155,519
3 years$116,027$112,739$109,574$106,527$103,592$96,056
4 years$86,153$82,875$79,742$76,747$73,882$66,631
5 years$68,234$64,975$61,883$58,949$56,164$49,217
6 years$56,291$53,057$50,011$47,142$44,441$37,806
7 years$47,764$44,557$41,559$38,758$36,142$29,820
8 years$41,371$38,194$35,245$32,513$29,984$23,971
9 years$36,402$33,255$30,357$27,694$25,250$19,544
10 years$32,429$29,312$26,466$23,872$21,515$16,108
11 years$29,181$26,095$23,300$20,776$18,503$13,389
12 years$26,475$23,422$20,678$18,223$16,035$11,205
13 years$24,188$21,166$18,475$16,089$13,982$9,428
14 years$22,229$19,239$16,600$14,282$12,257$7,969
15 years$20,533$17,576$14,987$12,737$10,792$6,760
16 years$19,051$16,125$13,588$11,404$9,538$5,753
17 years$17,744$14,851$12,365$10,247$8,457$4,908
18 years$16,583$13,723$11,287$9,234$7,520$4,196
19 years$15,546$12,718$10,333$8,344$6,702$3,594
20 years$14,614$11,818$9,483$7,557$5,987$3,083
21 years$13,772$11,008$8,723$6,859$5,357$2,648
22 years$13,007$10,276$8,039$6,236$4,802$2,277
23 years$12,310$9,611$7,423$5,679$4,311$1,960
24 years$11,672$9,005$6,865$5,180$3,875$1,688
25 years$11,086$8,450$6,358$4,731$3,487$1,456
26 years$10,546$7,942$5,897$4,325$3,141$1,255
27 years$10,047$7,474$5,476$3,959$2,831$1,083
28 years$9,584$7,043$5,090$3,627$2,555$935
29 years$9,154$6,644$4,737$3,326$2,307$808
30 years$8,753$6,275$4,412$3,053$2,085$698
31 years$8,379$5,932$4,114$2,804$1,885$603
32 years$8,029$5,613$3,838$2,577$1,705$522
33 years$7,701$5,315$3,584$2,369$1,543$451
34 years$7,393$5,038$3,348$2,180$1,397$390
35 years$7,103$4,778$3,130$2,007$1,265$337
36 years$6,829$4,535$2,928$1,848$1,146$292
37 years$6,572$4,307$2,741$1,703$1,039$252
38 years$6,328$4,094$2,567$1,570$942$218
39 years$6,097$3,893$2,405$1,447$854$189
40 years$5,879$3,704$2,254$1,335$775$164
41 years$5,671$3,525$2,114$1,232$703$142
42 years$5,475$3,357$1,983$1,137$638$123
43 years$5,287$3,199$1,860$1,049$579$106
44 years$5,109$3,049$1,746$969$525$92
45 years$4,939$2,908$1,640$895$477$79
46 years$4,777$2,774$1,540$826$433$69
47 years$4,623$2,647$1,447$764$393$60
48 years$4,475$2,527$1,360$706$357$52
49 years$4,334$2,413$1,278$652$324$45
50 years$4,198$2,305$1,202$603$295$39

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 $3,924 every year, while hoping to spend $58,988 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: 81/9/10 Blend
59$4,300,000$4,300,000$4,300,000$4,300,000
60$4,742,648$4,514,748$4,448,098$5,118,964
61$5,163,635$4,673,207$4,534,346$5,524,658
62$5,625,586$4,837,455$4,621,507$5,961,698
63$6,132,616$5,007,711$4,709,548$6,439,641
64$6,689,261$5,184,206$4,798,435$6,962,553
65$7,300,513$5,367,180$4,888,131$7,534,909
66$7,971,875$5,556,881$4,978,592$8,161,641
67$8,709,407$5,753,569$5,069,776$8,848,179
68$9,519,785$5,957,513$5,161,633$9,600,502
69$10,410,366$6,168,994$5,254,111$10,425,198
70$11,389,253$6,388,304$5,347,152$11,329,522
71$12,465,372$6,615,747$5,440,698$12,321,465
72$13,648,560$6,851,638$5,534,681$13,409,829
73$14,949,652$7,096,307$5,629,031$14,604,311
74$16,380,587$7,350,097$5,723,674$15,915,594
75$17,954,519$7,613,363$5,818,529$17,355,442
76$19,685,939$7,886,478$5,913,510$18,936,819
77$21,590,817$8,169,827$6,008,524$20,674,006
78$23,686,744$8,463,813$6,103,474$22,582,735
79$25,993,107$8,768,854$6,198,255$24,680,338
80$28,531,264$9,085,388$6,292,756$26,985,910
81$31,324,748$9,413,867$6,386,859$29,520,490
82$34,399,492$9,754,766$6,480,438$32,307,255
83$37,784,068$10,108,577$6,573,361$35,371,745
84$41,509,959$10,475,814$6,665,484$38,742,095
85$45,611,856$10,857,010$6,756,659$42,449,307
86$50,127,985$11,252,723$6,846,727$46,527,538
87$55,100,467$11,663,534$6,935,520$51,014,424
88$60,575,713$12,090,046$7,022,858$55,951,432
89$66,604,867$12,532,889$7,108,555$61,384,254
90$73,244,284$12,992,721$7,192,412$67,363,235
91$80,556,061$13,470,224$7,274,218$73,943,848
92$88,608,626$13,966,113$7,353,751$81,187,219
93$97,477,382$14,481,128$7,430,778$89,160,699
94$107,245,418$15,016,046$7,505,052$97,938,503
95$118,004,292$15,571,674$7,576,312$107,602,407
96$129,854,895$16,148,852$7,644,285$118,242,522
97$142,908,407$16,748,457$7,708,681$129,958,141
98$157,287,338$17,371,406$7,769,195$142,858,675
99$173,126,692$18,018,650$7,825,509$157,064,689
100$190,575,236$18,691,185$7,877,285$172,709,033