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%17.8%
1 years$355,090$351,927$348,841$345,829$342,888$332,045
2 years$175,787$172,513$169,340$166,264$163,280$152,454
3 years$116,027$112,739$109,574$106,527$103,592$93,122
4 years$86,153$82,875$79,742$76,747$73,882$63,850
5 years$68,234$64,975$61,883$58,949$56,164$46,596
6 years$56,291$53,057$50,011$47,142$44,441$35,345
7 years$47,764$44,557$41,559$38,758$36,142$27,517
8 years$41,371$38,194$35,245$32,513$29,984$21,824
9 years$36,402$33,255$30,357$27,694$25,250$17,547
10 years$32,429$29,312$26,466$23,872$21,515$14,256
11 years$29,181$26,095$23,300$20,776$18,503$11,677
12 years$26,475$23,422$20,678$18,223$16,035$9,625
13 years$24,188$21,166$18,475$16,089$13,982$7,974
14 years$22,229$19,239$16,600$14,282$12,257$6,634
15 years$20,533$17,576$14,987$12,737$10,792$5,538
16 years$19,051$16,125$13,588$11,404$9,538$4,635
17 years$17,744$14,851$12,365$10,247$8,457$3,889
18 years$16,583$13,723$11,287$9,234$7,520$3,269
19 years$15,546$12,718$10,333$8,344$6,702$2,752
20 years$14,614$11,818$9,483$7,557$5,987$2,320
21 years$13,772$11,008$8,723$6,859$5,357$1,958
22 years$13,007$10,276$8,039$6,236$4,802$1,653
23 years$12,310$9,611$7,423$5,679$4,311$1,398
24 years$11,672$9,005$6,865$5,180$3,875$1,182
25 years$11,086$8,450$6,358$4,731$3,487$1,001
26 years$10,546$7,942$5,897$4,325$3,141$847
27 years$10,047$7,474$5,476$3,959$2,831$718
28 years$9,584$7,043$5,090$3,627$2,555$608
29 years$9,154$6,644$4,737$3,326$2,307$515
30 years$8,753$6,275$4,412$3,053$2,085$437
31 years$8,379$5,932$4,114$2,804$1,885$371
32 years$8,029$5,613$3,838$2,577$1,705$314
33 years$7,701$5,315$3,584$2,369$1,543$267
34 years$7,393$5,038$3,348$2,180$1,397$226
35 years$7,103$4,778$3,130$2,007$1,265$192
36 years$6,829$4,535$2,928$1,848$1,146$163
37 years$6,572$4,307$2,741$1,703$1,039$138
38 years$6,328$4,094$2,567$1,570$942$117
39 years$6,097$3,893$2,405$1,447$854$99
40 years$5,879$3,704$2,254$1,335$775$84
41 years$5,671$3,525$2,114$1,232$703$72
42 years$5,475$3,357$1,983$1,137$638$61
43 years$5,287$3,199$1,860$1,049$579$52
44 years$5,109$3,049$1,746$969$525$44
45 years$4,939$2,908$1,640$895$477$37
46 years$4,777$2,774$1,540$826$433$32
47 years$4,623$2,647$1,447$764$393$27
48 years$4,475$2,527$1,360$706$357$23
49 years$4,334$2,413$1,278$652$324$19
50 years$4,198$2,305$1,202$603$295$16

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 $6,151 every year, while hoping to spend $42,675 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: 75/6/19 Blend
59$4,300,000$4,300,000$4,300,000$4,300,000
60$4,744,945$4,517,045$4,450,395$5,079,357
61$5,183,523$4,692,974$4,554,077$5,477,715
62$5,665,406$4,876,094$4,659,803$5,908,401
63$6,194,966$5,066,711$4,767,594$6,379,373
64$6,777,020$5,265,146$4,877,476$6,894,637
65$7,416,873$5,471,735$4,989,468$7,458,604
66$8,120,371$5,686,828$5,103,593$8,076,133
67$8,893,957$5,910,790$5,219,871$8,752,573
68$9,744,725$6,144,004$5,338,321$9,493,819
69$10,680,495$6,386,868$5,458,963$10,306,361
70$11,709,880$6,639,799$5,581,812$11,197,348
71$12,842,371$6,903,233$5,706,887$12,174,655
72$14,088,427$7,177,624$5,834,201$13,246,957
73$15,459,568$7,463,450$5,963,768$14,423,811
74$16,968,490$7,761,205$6,095,601$15,715,741
75$18,629,182$8,071,410$6,229,710$17,134,345
76$20,457,057$8,394,607$6,366,103$18,692,398
77$22,469,097$8,731,364$6,504,788$20,403,973
78$24,684,016$9,082,272$6,645,769$22,284,575
79$27,122,434$9,447,951$6,789,051$24,351,286
80$29,807,070$9,829,049$6,934,632$26,622,926
81$32,762,962$10,226,242$7,082,512$29,120,230
82$36,017,694$10,640,238$7,232,687$31,866,040
83$39,601,666$11,071,777$7,385,149$34,885,528
84$43,548,374$11,521,632$7,539,889$38,206,424
85$47,894,726$11,990,610$7,696,894$41,859,282
86$52,681,396$12,479,558$7,856,148$45,877,769
87$57,953,200$12,989,358$8,017,631$50,298,979
88$63,759,526$13,520,936$8,181,320$55,163,782
89$70,154,791$14,075,256$8,347,189$60,517,212
90$77,198,966$14,653,329$8,515,205$66,408,891
91$84,958,130$15,256,212$8,685,334$72,893,495
92$93,505,103$15,885,010$8,857,536$80,031,270
93$102,920,126$16,540,878$9,031,766$87,888,600
94$113,291,622$17,225,024$9,207,974$96,538,635
95$124,717,031$17,938,714$9,386,105$106,061,975
96$137,303,726$18,683,269$9,566,097$116,547,437
97$151,170,030$19,460,072$9,747,885$128,092,889
98$166,446,327$20,270,570$9,931,393$140,806,171
99$183,276,301$21,116,277$10,116,544$154,806,117
100$201,818,285$21,998,776$10,303,249$170,223,672