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%16.6%
1 years$379,864$376,480$373,179$369,957$366,810$356,930
2 years$188,051$184,549$181,155$177,864$174,672$164,787
3 years$124,122$120,605$117,219$113,959$110,819$101,241
4 years$92,164$88,657$85,306$82,101$79,037$69,838
5 years$72,994$69,508$66,201$63,062$60,083$51,289
6 years$60,218$56,759$53,500$50,431$47,541$39,161
7 years$51,096$47,666$44,459$41,462$38,664$30,697
8 years$44,258$40,859$37,704$34,781$32,075$24,519
9 years$38,942$35,575$32,475$29,626$27,012$19,858
10 years$34,692$31,357$28,312$25,538$23,016$16,255
11 years$31,216$27,916$24,926$22,226$19,794$13,417
12 years$28,322$25,056$22,121$19,495$17,153$11,147
13 years$25,876$22,643$19,764$17,211$14,958$9,311
14 years$23,780$20,582$17,758$15,278$13,112$7,811
15 years$21,966$18,802$16,033$13,625$11,545$6,575
16 years$20,380$17,250$14,536$12,200$10,203$5,552
17 years$18,982$15,887$13,227$10,962$9,047$4,698
18 years$17,740$14,680$12,075$9,879$8,044$3,985
19 years$16,631$13,605$11,054$8,926$7,170$3,385
20 years$15,634$12,643$10,145$8,084$6,404$2,880
21 years$14,733$11,776$9,331$7,337$5,731$2,453
22 years$13,915$10,993$8,600$6,671$5,137$2,091
23 years$13,169$10,281$7,941$6,075$4,611$1,784
24 years$12,487$9,633$7,344$5,541$4,145$1,524
25 years$11,860$9,040$6,802$5,061$3,730$1,302
26 years$11,282$8,496$6,308$4,627$3,360$1,113
27 years$10,748$7,996$5,858$4,235$3,029$952
28 years$10,252$7,534$5,446$3,880$2,733$815
29 years$9,792$7,108$5,068$3,558$2,468$697
30 years$9,364$6,713$4,720$3,266$2,230$597
31 years$8,963$6,346$4,401$2,999$2,016$511
32 years$8,589$6,004$4,106$2,756$1,824$438
33 years$8,238$5,686$3,834$2,535$1,650$375
34 years$7,908$5,389$3,582$2,332$1,494$322
35 years$7,598$5,112$3,349$2,147$1,353$276
36 years$7,306$4,852$3,133$1,977$1,226$236
37 years$7,030$4,608$2,932$1,822$1,111$202
38 years$6,769$4,379$2,746$1,679$1,008$174
39 years$6,523$4,164$2,573$1,548$914$149
40 years$6,289$3,962$2,411$1,428$829$128
41 years$6,067$3,771$2,261$1,318$752$109
42 years$5,856$3,592$2,121$1,216$682$94
43 years$5,656$3,422$1,990$1,122$619$80
44 years$5,465$3,262$1,868$1,036$562$69
45 years$5,284$3,111$1,754$957$510$59
46 years$5,110$2,967$1,648$884$463$51
47 years$4,945$2,832$1,548$817$421$43
48 years$4,787$2,703$1,455$755$382$37
49 years$4,636$2,582$1,367$698$347$32
50 years$4,491$2,466$1,285$645$315$27

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 $4,588 every year, while hoping to spend $49,396 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: 72/7/21 Blend
59$4,600,000$4,600,000$4,600,000$4,600,000
60$5,073,933$4,830,133$4,758,833$5,412,974
61$5,538,917$5,014,252$4,865,696$5,823,431
62$6,049,674$5,205,738$4,974,485$6,266,496
63$6,610,820$5,404,899$5,085,210$6,750,531
64$7,227,442$5,612,057$5,197,883$7,279,597
65$7,905,143$5,827,549$5,312,513$7,858,167
66$8,650,094$6,051,726$5,429,109$8,491,165
67$9,469,098$6,284,955$5,547,678$9,184,017
68$10,369,646$6,527,617$5,668,225$9,942,697
69$11,359,992$6,780,113$5,790,754$10,773,784
70$12,449,232$7,042,860$5,915,265$11,684,525
71$13,647,387$7,316,293$6,041,759$12,682,904
72$14,965,495$7,600,866$6,170,233$13,777,713
73$16,415,722$7,897,055$6,300,682$14,978,637
74$18,011,470$8,205,355$6,433,099$16,296,347
75$19,767,506$8,526,284$6,567,474$17,742,594
76$21,700,103$8,860,382$6,703,796$19,330,328
77$23,827,188$9,208,216$6,842,048$21,073,810
78$26,168,516$9,570,374$6,982,212$22,988,756
79$28,745,856$9,947,473$7,124,266$25,092,476
80$31,583,190$10,340,156$7,268,187$27,404,044
81$34,706,949$10,749,097$7,413,944$29,944,473
82$38,146,252$11,174,997$7,561,505$32,736,912
83$41,933,189$11,618,591$7,710,835$35,806,868
84$46,103,118$12,080,646$7,861,892$39,182,445
85$50,695,001$12,561,963$8,014,630$42,894,605
86$55,751,771$13,063,379$8,169,001$46,977,464
87$61,320,737$13,585,770$8,324,947$51,468,611
88$67,454,030$14,130,050$8,482,411$56,409,463
89$74,209,094$14,697,175$8,641,324$61,845,655
90$81,649,228$15,288,144$8,801,616$67,827,471
91$89,844,187$15,904,001$8,963,207$74,410,314
92$98,870,834$16,545,837$9,126,015$81,655,234
93$108,813,870$17,214,793$9,289,946$89,629,499
94$119,766,628$17,912,061$9,454,903$98,407,232
95$131,831,960$18,638,889$9,620,779$108,070,108
96$145,123,205$19,396,579$9,787,459$118,708,124
97$159,765,254$20,186,494$9,954,822$130,420,450
98$175,895,736$21,010,058$10,122,734$143,316,361
99$193,666,312$21,868,761$10,291,056$157,516,271
100$213,244,106$22,764,161$10,459,637$173,152,865