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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$379,864$376,480$373,179$369,957$366,810$355,069
2 years$188,051$184,549$181,155$177,864$174,672$162,950
3 years$124,122$120,605$117,219$113,959$110,819$99,486
4 years$92,164$88,657$85,306$82,101$79,037$68,179
5 years$72,994$69,508$66,201$63,062$60,083$49,729
6 years$60,218$56,759$53,500$50,431$47,541$37,700
7 years$51,096$47,666$44,459$41,462$38,664$29,335
8 years$44,258$40,859$37,704$34,781$32,075$23,252
9 years$38,942$35,575$32,475$29,626$27,012$18,684
10 years$34,692$31,357$28,312$25,538$23,016$15,170
11 years$31,216$27,916$24,926$22,226$19,794$12,417
12 years$28,322$25,056$22,121$19,495$17,153$10,228
13 years$25,876$22,643$19,764$17,211$14,958$8,469
14 years$23,780$20,582$17,758$15,278$13,112$7,040
15 years$21,966$18,802$16,033$13,625$11,545$5,873
16 years$20,380$17,250$14,536$12,200$10,203$4,912
17 years$18,982$15,887$13,227$10,962$9,047$4,118
18 years$17,740$14,680$12,075$9,879$8,044$3,459
19 years$16,631$13,605$11,054$8,926$7,170$2,910
20 years$15,634$12,643$10,145$8,084$6,404$2,451
21 years$14,733$11,776$9,331$7,337$5,731$2,067
22 years$13,915$10,993$8,600$6,671$5,137$1,744
23 years$13,169$10,281$7,941$6,075$4,611$1,473
24 years$12,487$9,633$7,344$5,541$4,145$1,245
25 years$11,860$9,040$6,802$5,061$3,730$1,053
26 years$11,282$8,496$6,308$4,627$3,360$891
27 years$10,748$7,996$5,858$4,235$3,029$754
28 years$10,252$7,534$5,446$3,880$2,733$638
29 years$9,792$7,108$5,068$3,558$2,468$541
30 years$9,364$6,713$4,720$3,266$2,230$458
31 years$8,963$6,346$4,401$2,999$2,016$388
32 years$8,589$6,004$4,106$2,756$1,824$329
33 years$8,238$5,686$3,834$2,535$1,650$279
34 years$7,908$5,389$3,582$2,332$1,494$236
35 years$7,598$5,112$3,349$2,147$1,353$200
36 years$7,306$4,852$3,133$1,977$1,226$170
37 years$7,030$4,608$2,932$1,822$1,111$144
38 years$6,769$4,379$2,746$1,679$1,008$122
39 years$6,523$4,164$2,573$1,548$914$103
40 years$6,289$3,962$2,411$1,428$829$88
41 years$6,067$3,771$2,261$1,318$752$74
42 years$5,856$3,592$2,121$1,216$682$63
43 years$5,656$3,422$1,990$1,122$619$54
44 years$5,465$3,262$1,868$1,036$562$45
45 years$5,284$3,111$1,754$957$510$38
46 years$5,110$2,967$1,648$884$463$33
47 years$4,945$2,832$1,548$817$421$28
48 years$4,787$2,703$1,455$755$382$23
49 years$4,636$2,582$1,367$698$347$20
50 years$4,491$2,466$1,285$645$315$17

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 $3,208 every year, while hoping to spend $21,044 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: 67/12/21 Blend
59$4,600,000$4,600,000$4,600,000$4,600,000
60$5,072,509$4,828,709$4,757,409$5,385,330
61$5,567,514$5,042,925$4,894,392$5,809,596
62$6,112,305$5,266,933$5,035,258$6,270,664
63$6,711,936$5,501,189$5,180,115$6,774,383
64$7,371,980$5,746,173$5,329,075$7,324,949
65$8,098,574$6,002,388$5,482,251$7,926,982
66$8,898,482$6,270,358$5,639,760$8,585,568
67$9,779,157$6,550,636$5,801,722$9,306,305
68$10,748,812$6,843,797$5,968,260$10,095,357
69$11,816,494$7,150,447$6,139,501$10,959,507
70$12,992,177$7,471,219$6,315,574$11,906,227
71$14,286,847$7,806,777$6,496,614$12,943,741
72$15,712,611$8,157,815$6,682,756$14,081,106
73$17,282,811$8,525,061$6,874,143$15,328,295
74$19,012,149$8,909,280$7,070,917$16,696,289
75$20,916,823$9,311,270$7,273,228$18,197,183
76$23,014,685$9,731,868$7,481,227$19,844,295
77$25,325,406$10,171,953$7,695,072$21,652,294
78$27,870,662$10,632,443$7,914,921$23,637,334
79$30,674,339$11,114,303$8,140,941$25,817,209
80$33,762,759$11,618,541$8,373,299$28,211,516
81$37,164,926$12,146,215$8,612,171$30,841,843
82$40,912,803$12,698,434$8,857,732$33,731,965
83$45,041,610$13,276,358$9,110,168$36,908,075
84$49,590,161$13,881,206$9,369,665$40,399,023
85$54,601,224$14,514,252$9,636,415$44,236,591
86$60,121,930$15,176,832$9,910,617$48,455,787
87$66,204,218$15,870,347$10,192,473$53,095,180
88$72,905,319$16,596,265$10,482,192$58,197,257
89$80,288,303$17,356,123$10,779,986$63,808,824
90$88,422,670$18,151,534$11,086,076$69,981,448
91$97,385,009$18,984,186$11,400,687$76,771,938
92$107,259,718$19,855,849$11,724,048$84,242,882
93$118,139,803$20,768,380$12,056,397$92,463,234
94$130,127,754$21,723,721$12,397,978$101,508,966
95$143,336,513$22,723,912$12,749,038$111,463,777
96$157,890,541$23,771,087$13,109,834$122,419,886
97$173,926,992$24,867,485$13,480,629$134,478,899
98$191,597,006$26,015,453$13,861,691$147,752,762
99$211,067,140$27,217,450$14,253,297$162,364,821
100$232,520,935$28,476,052$14,655,730$178,450,977