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%19%
1 years$371,606$368,296$365,066$361,914$358,836$345,829
2 years$183,963$180,537$177,217$173,997$170,874$157,913
3 years$121,424$117,983$114,671$111,482$108,410$95,901
4 years$90,160$86,730$83,451$80,316$77,319$65,359
5 years$71,407$67,997$64,761$61,691$58,776$47,396
6 years$58,909$55,525$52,337$49,334$46,508$35,715
7 years$49,985$46,630$43,492$40,561$37,823$27,616
8 years$43,296$39,970$36,885$34,025$31,378$21,748
9 years$38,095$34,801$31,769$28,982$26,425$17,358
10 years$33,937$30,676$27,697$24,983$22,515$13,996
11 years$30,538$27,309$24,384$21,742$19,364$11,375
12 years$27,707$24,511$21,640$19,071$16,780$9,301
13 years$25,313$22,151$19,334$16,837$14,633$7,644
14 years$23,263$20,134$17,372$14,946$12,827$6,306
15 years$21,488$18,393$15,684$13,329$11,294$5,219
16 years$19,937$16,875$14,220$11,935$9,982$4,331
17 years$18,569$15,542$12,940$10,723$8,850$3,602
18 years$17,355$14,361$11,812$9,664$7,869$3,000
19 years$16,270$13,310$10,814$8,732$7,014$2,503
20 years$15,294$12,368$9,924$7,909$6,265$2,091
21 years$14,413$11,520$9,128$7,178$5,607$1,748
22 years$13,612$10,754$8,413$6,526$5,026$1,463
23 years$12,883$10,058$7,768$5,943$4,511$1,225
24 years$12,215$9,424$7,184$5,421$4,055$1,026
25 years$11,602$8,844$6,654$4,951$3,649$860
26 years$11,036$8,311$6,171$4,527$3,287$721
27 years$10,514$7,822$5,731$4,143$2,963$605
28 years$10,030$7,371$5,327$3,796$2,674$508
29 years$9,579$6,953$4,957$3,481$2,414$426
30 years$9,160$6,567$4,618$3,195$2,181$358
31 years$8,769$6,208$4,305$2,934$1,972$300
32 years$8,402$5,874$4,017$2,697$1,784$252
33 years$8,059$5,563$3,750$2,480$1,615$212
34 years$7,736$5,272$3,504$2,282$1,462$178
35 years$7,433$5,000$3,276$2,100$1,324$149
36 years$7,147$4,746$3,065$1,934$1,200$126
37 years$6,877$4,508$2,868$1,782$1,087$105
38 years$6,622$4,284$2,686$1,643$986$89
39 years$6,381$4,074$2,517$1,515$894$74
40 years$6,152$3,876$2,359$1,397$811$63
41 years$5,935$3,689$2,212$1,289$736$53
42 years$5,729$3,514$2,075$1,190$667$44
43 years$5,533$3,348$1,947$1,098$606$37
44 years$5,347$3,191$1,828$1,014$550$31
45 years$5,169$3,043$1,716$936$499$26
46 years$4,999$2,903$1,612$865$453$22
47 years$4,838$2,770$1,514$799$412$18
48 years$4,683$2,645$1,423$738$374$16
49 years$4,535$2,525$1,337$682$339$13
50 years$4,394$2,412$1,257$631$308$11

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 $2,894 every year, while hoping to spend $30,785 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: 29/49/22 Blend
59$4,500,000$4,500,000$4,500,000$4,500,000
60$4,961,985$4,723,485$4,653,735$5,071,608
61$5,435,353$4,922,181$4,776,880$5,355,196
62$5,955,972$5,129,581$4,903,119$5,656,947
63$6,528,630$5,346,079$5,032,522$5,980,727
64$7,158,601$5,572,088$5,165,163$6,328,450
65$7,851,697$5,808,039$5,301,115$6,702,211
66$8,614,321$6,054,384$5,440,453$7,104,306
67$9,453,528$6,311,595$5,583,254$7,537,251
68$10,377,091$6,580,166$5,729,596$8,003,801
69$11,393,575$6,860,615$5,879,558$8,506,978
70$12,512,418$7,153,484$6,033,222$9,050,094
71$13,744,020$7,459,339$6,190,670$9,636,784
72$15,099,837$7,778,775$6,351,985$10,271,033
73$16,592,497$8,112,411$6,517,253$10,957,216
74$18,235,911$8,460,899$6,686,561$11,700,131
75$20,045,410$8,824,918$6,859,996$12,505,048
76$22,037,884$9,205,182$7,037,648$13,377,752
77$24,231,948$9,602,435$7,219,609$14,324,596
78$26,648,112$10,017,460$7,405,971$15,352,557
79$29,308,976$10,451,072$7,596,828$16,469,298
80$32,239,445$10,904,128$7,792,275$17,683,242
81$35,466,962$11,377,524$7,992,410$19,003,640
82$39,021,767$11,872,198$8,197,331$20,440,662
83$42,937,184$12,389,132$8,407,138$22,005,484
84$47,249,931$12,929,354$8,621,931$23,710,394
85$52,000,474$13,493,942$8,841,815$25,568,899
86$57,233,399$14,084,022$9,066,893$27,595,853
87$62,997,843$14,700,776$9,297,271$29,807,589
88$69,347,949$15,345,440$9,533,056$32,222,071
89$76,343,382$16,019,309$9,774,355$34,859,057
90$84,049,890$16,723,739$10,021,280$37,740,279
91$92,539,926$17,460,149$10,273,940$40,889,649
92$101,893,329$18,230,027$10,532,448$44,333,472
93$112,198,082$19,034,931$10,796,917$48,100,690
94$123,551,135$19,876,491$11,067,463$52,223,152
95$136,059,328$20,756,417$11,344,200$56,735,908
96$149,840,395$21,676,497$11,627,247$61,677,529
97$165,024,076$22,638,606$11,916,720$67,090,468
98$181,753,342$23,644,708$12,212,740$73,021,450
99$200,185,742$24,696,858$12,515,426$79,521,912
100$220,494,894$25,797,210$12,824,899$86,648,472