Can I retire at age 60 with 4,600,000?

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 $4,600,000?

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$379,864$376,480$373,179$369,957$366,810$356,354
2 years$188,051$184,549$181,155$177,864$174,672$164,219
3 years$124,122$120,605$117,219$113,959$110,819$100,696
4 years$92,164$88,657$85,306$82,101$79,037$69,323
5 years$72,994$69,508$66,201$63,062$60,083$50,803
6 years$60,218$56,759$53,500$50,431$47,541$38,705
7 years$51,096$47,666$44,459$41,462$38,664$30,271
8 years$44,258$40,859$37,704$34,781$32,075$24,122
9 years$38,942$35,575$32,475$29,626$27,012$19,489
10 years$34,692$31,357$28,312$25,538$23,016$15,914
11 years$31,216$27,916$24,926$22,226$19,794$13,101
12 years$28,322$25,056$22,121$19,495$17,153$10,857
13 years$25,876$22,643$19,764$17,211$14,958$9,044
14 years$23,780$20,582$17,758$15,278$13,112$7,565
15 years$21,966$18,802$16,033$13,625$11,545$6,351
16 years$20,380$17,250$14,536$12,200$10,203$5,347
17 years$18,982$15,887$13,227$10,962$9,047$4,512
18 years$17,740$14,680$12,075$9,879$8,044$3,815
19 years$16,631$13,605$11,054$8,926$7,170$3,231
20 years$15,634$12,643$10,145$8,084$6,404$2,740
21 years$14,733$11,776$9,331$7,337$5,731$2,327
22 years$13,915$10,993$8,600$6,671$5,137$1,978
23 years$13,169$10,281$7,941$6,075$4,611$1,682
24 years$12,487$9,633$7,344$5,541$4,145$1,432
25 years$11,860$9,040$6,802$5,061$3,730$1,220
26 years$11,282$8,496$6,308$4,627$3,360$1,040
27 years$10,748$7,996$5,858$4,235$3,029$886
28 years$10,252$7,534$5,446$3,880$2,733$756
29 years$9,792$7,108$5,068$3,558$2,468$645
30 years$9,364$6,713$4,720$3,266$2,230$550
31 years$8,963$6,346$4,401$2,999$2,016$470
32 years$8,589$6,004$4,106$2,756$1,824$401
33 years$8,238$5,686$3,834$2,535$1,650$342
34 years$7,908$5,389$3,582$2,332$1,494$292
35 years$7,598$5,112$3,349$2,147$1,353$250
36 years$7,306$4,852$3,133$1,977$1,226$213
37 years$7,030$4,608$2,932$1,822$1,111$182
38 years$6,769$4,379$2,746$1,679$1,008$156
39 years$6,523$4,164$2,573$1,548$914$133
40 years$6,289$3,962$2,411$1,428$829$114
41 years$6,067$3,771$2,261$1,318$752$97
42 years$5,856$3,592$2,121$1,216$682$83
43 years$5,656$3,422$1,990$1,122$619$71
44 years$5,465$3,262$1,868$1,036$562$61
45 years$5,284$3,111$1,754$957$510$52
46 years$5,110$2,967$1,648$884$463$44
47 years$4,945$2,832$1,548$817$421$38
48 years$4,787$2,703$1,455$755$382$32
49 years$4,636$2,582$1,367$698$347$28
50 years$4,491$2,466$1,285$645$315$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,600,000, adding $2,998 every year, while hoping to spend $38,717 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: 64/15/21 Blend
59$4,600,000$4,600,000$4,600,000$4,600,000
60$5,072,292$4,828,492$4,757,192$5,369,381
61$5,548,472$5,023,894$4,875,364$5,765,142
62$6,071,924$5,227,573$4,996,196$6,192,699
63$6,647,429$5,439,893$5,119,738$6,658,920
64$7,280,255$5,661,236$5,246,038$7,167,590
65$7,976,206$5,892,001$5,375,145$7,722,875
66$8,741,674$6,132,605$5,507,107$8,329,361
67$9,583,705$6,383,483$5,641,976$8,992,096
68$10,510,060$6,645,090$5,779,799$9,716,636
69$11,529,291$6,917,905$5,920,627$10,509,100
70$12,650,821$7,202,424$6,064,510$11,376,222
71$13,885,031$7,499,169$6,211,497$12,325,416
72$15,243,361$7,808,685$6,361,639$13,364,849
73$16,738,416$8,131,542$6,514,986$14,503,509
74$18,384,083$8,468,337$6,671,587$15,751,298
75$20,195,666$8,819,692$6,831,492$17,119,117
76$22,190,028$9,186,261$6,994,751$18,618,973
77$24,385,749$9,568,725$7,161,413$20,264,087
78$26,803,301$9,967,799$7,331,526$22,069,023
79$29,465,245$10,384,229$7,505,140$24,049,820
80$32,396,440$10,818,796$7,682,302$26,224,143
81$35,624,278$11,272,318$7,863,060$28,611,451
82$39,178,942$11,745,649$8,047,460$31,233,177
83$43,093,693$12,239,685$8,235,549$34,112,929
84$47,405,181$12,755,361$8,427,372$37,276,714
85$52,153,794$13,293,657$8,622,972$40,753,179
86$57,384,032$13,855,598$8,822,394$44,573,883
87$63,144,938$14,442,257$9,025,678$48,773,589
88$69,490,550$15,054,756$9,232,866$53,390,598
89$76,480,416$15,694,269$9,443,997$58,467,099
90$84,180,156$16,362,025$9,659,109$64,049,577
91$92,662,080$17,059,313$9,878,237$70,189,239
92$102,005,869$17,787,477$10,101,415$76,942,503
93$112,299,332$18,547,927$10,328,677$84,371,527
94$123,639,227$19,342,138$10,560,050$92,544,792
95$136,132,180$20,171,655$10,795,564$101,537,749
96$149,895,689$21,038,093$11,035,242$111,433,526
97$165,059,234$21,943,145$11,279,108$122,323,715
98$181,765,498$22,888,580$11,527,180$134,309,229
99$200,171,713$23,876,255$11,779,474$147,501,257
100$220,451,144$24,908,108$12,036,004$162,022,308