Can I retire at age 60 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$371,606$368,296$365,066$361,914$358,836$346,242
2 years$183,963$180,537$177,217$173,997$170,874$158,318
3 years$121,424$117,983$114,671$111,482$108,410$96,286
4 years$90,160$86,730$83,451$80,316$77,319$65,720
5 years$71,407$67,997$64,761$61,691$58,776$47,734
6 years$58,909$55,525$52,337$49,334$46,508$36,029
7 years$49,985$46,630$43,492$40,561$37,823$27,907
8 years$43,296$39,970$36,885$34,025$31,378$22,015
9 years$38,095$34,801$31,769$28,982$26,425$17,604
10 years$33,937$30,676$27,697$24,983$22,515$14,222
11 years$30,538$27,309$24,384$21,742$19,364$11,580
12 years$27,707$24,511$21,640$19,071$16,780$9,489
13 years$25,313$22,151$19,334$16,837$14,633$7,813
14 years$23,263$20,134$17,372$14,946$12,827$6,460
15 years$21,488$18,393$15,684$13,329$11,294$5,358
16 years$19,937$16,875$14,220$11,935$9,982$4,456
17 years$18,569$15,542$12,940$10,723$8,850$3,713
18 years$17,355$14,361$11,812$9,664$7,869$3,100
19 years$16,270$13,310$10,814$8,732$7,014$2,592
20 years$15,294$12,368$9,924$7,909$6,265$2,170
21 years$14,413$11,520$9,128$7,178$5,607$1,819
22 years$13,612$10,754$8,413$6,526$5,026$1,526
23 years$12,883$10,058$7,768$5,943$4,511$1,280
24 years$12,215$9,424$7,184$5,421$4,055$1,075
25 years$11,602$8,844$6,654$4,951$3,649$904
26 years$11,036$8,311$6,171$4,527$3,287$760
27 years$10,514$7,822$5,731$4,143$2,963$639
28 years$10,030$7,371$5,327$3,796$2,674$537
29 years$9,579$6,953$4,957$3,481$2,414$452
30 years$9,160$6,567$4,618$3,195$2,181$380
31 years$8,769$6,208$4,305$2,934$1,972$320
32 years$8,402$5,874$4,017$2,697$1,784$270
33 years$8,059$5,563$3,750$2,480$1,615$227
34 years$7,736$5,272$3,504$2,282$1,462$191
35 years$7,433$5,000$3,276$2,100$1,324$161
36 years$7,147$4,746$3,065$1,934$1,200$135
37 years$6,877$4,508$2,868$1,782$1,087$114
38 years$6,622$4,284$2,686$1,643$986$96
39 years$6,381$4,074$2,517$1,515$894$81
40 years$6,152$3,876$2,359$1,397$811$68
41 years$5,935$3,689$2,212$1,289$736$57
42 years$5,729$3,514$2,075$1,190$667$48
43 years$5,533$3,348$1,947$1,098$606$41
44 years$5,347$3,191$1,828$1,014$550$34
45 years$5,169$3,043$1,716$936$499$29
46 years$4,999$2,903$1,612$865$453$24
47 years$4,838$2,770$1,514$799$412$21
48 years$4,683$2,645$1,423$738$374$17
49 years$4,535$2,525$1,337$682$339$15
50 years$4,394$2,412$1,257$631$308$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,500,000, adding $4,375 every year, while hoping to spend $29,696 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: 48/38/14 Blend
59$4,500,000$4,500,000$4,500,000$4,500,000
60$4,963,513$4,725,013$4,655,263$5,182,228
61$5,438,195$4,924,942$4,779,618$5,533,614
62$5,960,299$5,133,673$4,907,143$5,911,514
63$6,534,631$5,351,604$5,037,914$6,321,181
64$7,166,487$5,579,156$5,172,007$6,765,592
65$7,861,699$5,816,765$5,309,500$7,248,020
66$8,626,696$6,064,890$5,450,472$7,772,059
67$9,468,560$6,324,011$5,595,004$8,341,659
68$10,395,096$6,594,630$5,743,180$8,961,159
69$11,414,902$6,877,273$5,895,082$9,635,331
70$12,537,452$7,172,490$6,050,798$10,369,417
71$13,773,187$7,480,857$6,210,414$11,169,183
72$15,133,610$7,802,977$6,374,021$12,040,966
73$16,631,395$8,139,480$6,541,708$12,991,735
74$18,280,511$8,491,028$6,713,569$14,029,157
75$20,096,347$8,858,313$6,889,698$15,161,660
76$22,095,862$9,242,057$7,070,190$16,398,518
77$24,297,743$9,643,021$7,255,144$17,749,933
78$26,722,581$10,061,997$7,444,660$19,227,126
79$29,393,066$10,499,817$7,638,837$20,842,447
80$32,334,201$10,957,350$7,837,781$22,609,483
81$35,573,538$11,435,508$8,041,595$24,543,185
82$39,141,436$11,935,246$8,250,386$26,660,010
83$43,071,351$12,457,562$8,464,262$28,978,067
84$47,400,149$13,003,501$8,683,334$31,517,290
85$52,168,452$13,574,161$8,907,714$34,299,621
86$57,421,027$14,170,688$9,137,516$37,349,212
87$63,207,204$14,794,284$9,372,855$40,692,653
88$69,581,342$15,446,207$9,613,848$44,359,217
89$76,603,342$16,127,775$9,860,616$48,381,132
90$84,339,215$16,840,367$10,113,278$52,793,882
91$92,861,700$17,585,430$10,371,958$57,636,538
92$102,250,955$18,364,478$10,636,780$62,952,121
93$112,595,311$19,179,096$10,907,871$68,788,007
94$123,992,106$20,030,945$11,185,357$75,196,363
95$136,548,604$20,921,764$11,469,370$82,234,641
96$150,383,008$21,853,378$11,760,041$89,966,111
97$165,625,575$22,827,693$12,057,502$98,460,453
98$182,419,843$23,846,710$12,361,888$107,794,411
99$200,923,992$24,912,523$12,673,336$118,052,510
100$221,312,329$26,027,326$12,991,983$129,327,846