Can I retire at age 60 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$404,637$401,033$397,517$394,084$390,733$378,528
2 years$200,316$196,585$192,969$189,464$186,063$173,876
3 years$132,217$128,470$124,864$121,391$118,046$106,259
4 years$98,175$94,439$90,869$87,456$84,192$72,894
5 years$77,754$74,042$70,518$67,174$64,001$53,224
6 years$64,145$60,461$56,989$53,720$50,642$40,394
7 years$54,429$50,775$47,358$44,166$41,185$31,467
8 years$47,144$43,523$40,163$37,050$34,167$24,971
9 years$41,482$37,895$34,593$31,558$28,774$20,090
10 years$36,954$33,402$30,159$27,203$24,517$16,332
11 years$33,252$29,736$26,551$23,675$21,085$13,385
12 years$30,170$26,690$23,564$20,766$18,272$11,041
13 years$27,563$24,120$21,053$18,334$15,934$9,154
14 years$25,331$21,924$18,916$16,274$13,967$7,621
15 years$23,398$20,028$17,078$14,514$12,298$6,366
16 years$21,709$18,375$15,484$12,996$10,869$5,332
17 years$20,220$16,923$14,090$11,676$9,637$4,477
18 years$18,897$15,638$12,862$10,523$8,569$3,766
19 years$17,716$14,493$11,775$9,508$7,638$3,173
20 years$16,654$13,467$10,806$8,612$6,822$2,676
21 years$15,694$12,544$9,940$7,816$6,105$2,260
22 years$14,822$11,710$9,161$7,106$5,472$1,911
23 years$14,028$10,952$8,459$6,472$4,912$1,616
24 years$13,301$10,261$7,823$5,903$4,415$1,368
25 years$12,633$9,630$7,245$5,391$3,973$1,159
26 years$12,017$9,050$6,720$4,929$3,579$982
27 years$11,448$8,517$6,240$4,512$3,227$833
28 years$10,921$8,026$5,801$4,134$2,911$706
29 years$10,431$7,571$5,398$3,791$2,629$599
30 years$9,974$7,150$5,028$3,479$2,375$508
31 years$9,548$6,760$4,688$3,195$2,148$431
32 years$9,149$6,396$4,374$2,936$1,943$366
33 years$8,775$6,057$4,084$2,700$1,758$311
34 years$8,424$5,741$3,816$2,484$1,592$264
35 years$8,094$5,445$3,567$2,287$1,442$224
36 years$7,782$5,168$3,337$2,106$1,306$190
37 years$7,489$4,908$3,123$1,941$1,184$162
38 years$7,211$4,665$2,925$1,789$1,073$137
39 years$6,948$4,436$2,740$1,649$973$117
40 years$6,699$4,220$2,569$1,521$883$99
41 years$6,463$4,017$2,408$1,404$801$84
42 years$6,238$3,826$2,259$1,295$727$71
43 years$6,025$3,645$2,120$1,196$660$61
44 years$5,822$3,475$1,990$1,104$599$52
45 years$5,628$3,314$1,869$1,020$544$44
46 years$5,444$3,161$1,755$942$493$37
47 years$5,268$3,017$1,649$870$448$32
48 years$5,099$2,880$1,549$804$407$27
49 years$4,938$2,750$1,456$743$370$23
50 years$4,784$2,627$1,369$687$336$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,900,000, adding $5,007 every year, while hoping to spend $37,215 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: 34/37/29 Blend
59$4,900,000$4,900,000$4,900,000$4,900,000
60$5,404,965$5,145,265$5,069,315$5,541,191
61$5,916,675$5,357,786$5,199,540$5,857,233
62$6,479,332$5,579,474$5,332,881$6,194,135
63$7,098,093$5,810,738$5,469,402$6,556,731
64$7,778,641$6,052,007$5,609,170$6,947,336
65$8,527,236$6,303,729$5,752,251$7,368,490
66$9,350,776$6,566,373$5,898,713$7,822,979
67$10,256,860$6,840,430$6,048,625$8,313,862
68$11,253,863$7,126,414$6,202,056$8,844,498
69$12,351,010$7,424,861$6,359,078$9,418,572
70$13,558,467$7,736,334$6,519,762$10,040,133
71$14,887,436$8,061,420$6,684,179$10,713,628
72$16,350,260$8,400,734$6,852,404$11,443,943
73$17,960,537$8,754,921$7,024,510$12,236,444
74$19,733,252$9,124,652$7,200,572$13,097,031
75$21,684,918$9,510,634$7,380,665$14,032,185
76$23,833,728$9,913,604$7,564,866$15,049,034
77$26,199,731$10,334,333$7,753,251$16,155,412
78$28,805,017$10,773,629$7,945,899$17,359,932
79$31,673,929$11,232,338$8,142,887$18,672,067
80$34,833,291$11,711,343$8,344,295$20,102,234
81$38,312,659$12,211,571$8,550,201$21,661,891
82$42,144,603$12,733,991$8,760,686$23,363,641
83$46,365,013$13,279,617$8,975,829$25,221,350
84$51,013,438$13,849,512$9,195,713$27,250,271
85$56,133,456$14,444,785$9,420,417$29,467,190
86$61,773,090$15,066,602$9,650,023$31,890,574
87$67,985,259$15,716,179$9,884,612$34,540,749
88$74,828,276$16,394,792$10,124,267$37,440,083
89$82,366,398$17,103,775$10,369,068$40,613,196
90$90,670,437$17,844,526$10,619,098$44,087,184
91$99,818,422$18,618,508$10,874,438$47,891,877
92$109,896,338$19,427,252$11,135,169$52,060,112
93$120,998,940$20,272,363$11,401,372$56,628,037
94$133,230,642$21,155,519$11,673,129$61,635,450
95$146,706,507$22,078,479$11,950,518$67,126,170
96$161,553,330$23,043,083$12,233,619$73,148,443
97$177,910,835$24,051,260$12,522,511$79,755,393
98$195,932,997$25,105,028$12,817,272$87,005,518
99$215,789,490$26,206,502$13,117,977$94,963,235
100$237,667,291$27,357,894$13,424,703$103,699,484