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

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$371,606$368,296$365,066$361,914$358,836$348,607
2 years$183,963$180,537$177,217$173,997$170,874$160,649
3 years$121,424$117,983$114,671$111,482$108,410$98,507
4 years$90,160$86,730$83,451$80,316$77,319$67,816
5 years$71,407$67,997$64,761$61,691$58,776$49,699
6 years$58,909$55,525$52,337$49,334$46,508$37,864
7 years$49,985$46,630$43,492$40,561$37,823$29,613
8 years$43,296$39,970$36,885$34,025$31,378$23,597
9 years$38,095$34,801$31,769$28,982$26,425$19,066
10 years$33,937$30,676$27,697$24,983$22,515$15,568
11 years$30,538$27,309$24,384$21,742$19,364$12,816
12 years$27,707$24,511$21,640$19,071$16,780$10,621
13 years$25,313$22,151$19,334$16,837$14,633$8,847
14 years$23,263$20,134$17,372$14,946$12,827$7,401
15 years$21,488$18,393$15,684$13,329$11,294$6,213
16 years$19,937$16,875$14,220$11,935$9,982$5,231
17 years$18,569$15,542$12,940$10,723$8,850$4,414
18 years$17,355$14,361$11,812$9,664$7,869$3,732
19 years$16,270$13,310$10,814$8,732$7,014$3,161
20 years$15,294$12,368$9,924$7,909$6,265$2,681
21 years$14,413$11,520$9,128$7,178$5,607$2,276
22 years$13,612$10,754$8,413$6,526$5,026$1,935
23 years$12,883$10,058$7,768$5,943$4,511$1,646
24 years$12,215$9,424$7,184$5,421$4,055$1,401
25 years$11,602$8,844$6,654$4,951$3,649$1,193
26 years$11,036$8,311$6,171$4,527$3,287$1,017
27 years$10,514$7,822$5,731$4,143$2,963$867
28 years$10,030$7,371$5,327$3,796$2,674$740
29 years$9,579$6,953$4,957$3,481$2,414$631
30 years$9,160$6,567$4,618$3,195$2,181$538
31 years$8,769$6,208$4,305$2,934$1,972$460
32 years$8,402$5,874$4,017$2,697$1,784$392
33 years$8,059$5,563$3,750$2,480$1,615$335
34 years$7,736$5,272$3,504$2,282$1,462$286
35 years$7,433$5,000$3,276$2,100$1,324$244
36 years$7,147$4,746$3,065$1,934$1,200$209
37 years$6,877$4,508$2,868$1,782$1,087$178
38 years$6,622$4,284$2,686$1,643$986$152
39 years$6,381$4,074$2,517$1,515$894$130
40 years$6,152$3,876$2,359$1,397$811$111
41 years$5,935$3,689$2,212$1,289$736$95
42 years$5,729$3,514$2,075$1,190$667$81
43 years$5,533$3,348$1,947$1,098$606$69
44 years$5,347$3,191$1,828$1,014$550$59
45 years$5,169$3,043$1,716$936$499$51
46 years$4,999$2,903$1,612$865$453$43
47 years$4,838$2,770$1,514$799$412$37
48 years$4,683$2,645$1,423$738$374$32
49 years$4,535$2,525$1,337$682$339$27
50 years$4,394$2,412$1,257$631$308$23

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 $2,905 every year, while hoping to spend $46,235 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: 50/36/14 Blend
59$4,500,000$4,500,000$4,500,000$4,500,000
60$4,961,997$4,723,497$4,653,747$5,190,972
61$5,418,926$4,905,754$4,760,453$5,530,835
62$5,920,914$5,095,393$4,869,185$5,894,891
63$6,472,505$5,292,725$4,979,961$6,289,484
64$7,078,710$5,498,078$5,092,799$6,717,500
65$7,745,048$5,711,793$5,207,717$7,182,111
66$8,477,597$5,934,226$5,324,730$7,686,805
67$9,283,057$6,165,748$5,443,854$8,235,414
68$10,168,807$6,406,748$5,565,101$8,832,154
69$11,142,979$6,657,632$5,688,485$9,481,659
70$12,214,530$6,918,823$5,814,017$10,189,029
71$13,393,330$7,190,764$5,941,705$10,959,870
72$14,690,256$7,473,917$6,071,558$11,800,349
73$16,117,288$7,768,765$6,203,581$12,717,252
74$17,687,629$8,075,812$6,337,779$13,718,045
75$19,415,826$8,395,585$6,474,153$14,810,943
76$21,317,906$8,728,635$6,612,703$16,004,985
77$23,411,532$9,075,538$6,753,428$17,310,119
78$25,716,162$9,436,893$6,896,321$18,737,294
79$28,253,238$9,813,329$7,041,377$20,298,561
80$31,046,389$10,205,502$7,188,583$22,007,185
81$34,121,647$10,614,098$7,337,927$23,877,768
82$37,507,701$11,039,834$7,489,393$25,926,386
83$41,236,160$11,483,460$7,642,961$28,170,735
84$45,341,855$11,945,756$7,798,608$30,630,300
85$49,863,169$12,427,544$7,956,306$33,326,536
86$54,842,396$12,929,676$8,116,025$36,283,064
87$60,326,139$13,453,049$8,277,730$39,525,896
88$66,365,752$13,998,596$8,441,382$43,083,677
89$73,017,827$14,567,294$8,606,936$46,987,950
90$80,344,720$15,160,167$8,774,343$51,273,453
91$88,415,147$15,778,280$8,943,549$55,978,444
92$97,304,828$16,422,753$9,114,494$61,145,060
93$107,097,204$17,094,751$9,287,113$66,819,706
94$117,884,222$17,795,497$9,461,335$73,053,497
95$129,767,203$18,526,267$9,637,080$79,902,732
96$142,857,800$19,288,397$9,814,265$87,429,425
97$157,279,051$20,083,282$9,992,797$95,701,883
98$173,166,535$20,912,385$10,172,578$104,795,349
99$190,669,662$21,777,232$10,353,499$114,792,708
100$209,953,072$22,679,420$10,535,445$125,785,264