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%18.4%
1 years$404,637$401,033$397,517$394,084$390,733$377,470
2 years$200,316$196,585$192,969$189,464$186,063$172,834
3 years$132,217$128,470$124,864$121,391$118,046$105,266
4 years$98,175$94,439$90,869$87,456$84,192$71,959
5 years$77,754$74,042$70,518$67,174$64,001$52,348
6 years$64,145$60,461$56,989$53,720$50,642$39,577
7 years$54,429$50,775$47,358$44,166$41,185$30,707
8 years$47,144$43,523$40,163$37,050$34,167$24,268
9 years$41,482$37,895$34,593$31,558$28,774$19,441
10 years$36,954$33,402$30,159$27,203$24,517$15,735
11 years$33,252$29,736$26,551$23,675$21,085$12,838
12 years$30,170$26,690$23,564$20,766$18,272$10,540
13 years$27,563$24,120$21,053$18,334$15,934$8,697
14 years$25,331$21,924$18,916$16,274$13,967$7,205
15 years$23,398$20,028$17,078$14,514$12,298$5,989
16 years$21,709$18,375$15,484$12,996$10,869$4,991
17 years$20,220$16,923$14,090$11,676$9,637$4,169
18 years$18,897$15,638$12,862$10,523$8,569$3,489
19 years$17,716$14,493$11,775$9,508$7,638$2,924
20 years$16,654$13,467$10,806$8,612$6,822$2,453
21 years$15,694$12,544$9,940$7,816$6,105$2,061
22 years$14,822$11,710$9,161$7,106$5,472$1,732
23 years$14,028$10,952$8,459$6,472$4,912$1,458
24 years$13,301$10,261$7,823$5,903$4,415$1,227
25 years$12,633$9,630$7,245$5,391$3,973$1,034
26 years$12,017$9,050$6,720$4,929$3,579$871
27 years$11,448$8,517$6,240$4,512$3,227$734
28 years$10,921$8,026$5,801$4,134$2,911$619
29 years$10,431$7,571$5,398$3,791$2,629$522
30 years$9,974$7,150$5,028$3,479$2,375$440
31 years$9,548$6,760$4,688$3,195$2,148$372
32 years$9,149$6,396$4,374$2,936$1,943$314
33 years$8,775$6,057$4,084$2,700$1,758$265
34 years$8,424$5,741$3,816$2,484$1,592$223
35 years$8,094$5,445$3,567$2,287$1,442$189
36 years$7,782$5,168$3,337$2,106$1,306$159
37 years$7,489$4,908$3,123$1,941$1,184$134
38 years$7,211$4,665$2,925$1,789$1,073$114
39 years$6,948$4,436$2,740$1,649$973$96
40 years$6,699$4,220$2,569$1,521$883$81
41 years$6,463$4,017$2,408$1,404$801$68
42 years$6,238$3,826$2,259$1,295$727$58
43 years$6,025$3,645$2,120$1,196$660$49
44 years$5,822$3,475$1,990$1,104$599$41
45 years$5,628$3,314$1,869$1,020$544$35
46 years$5,444$3,161$1,755$942$493$29
47 years$5,268$3,017$1,649$870$448$25
48 years$5,099$2,880$1,549$804$407$21
49 years$4,938$2,750$1,456$743$370$18
50 years$4,784$2,627$1,369$687$336$15

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 $2,796 every year, while hoping to spend $40,977 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: 82/7/11 Blend
59$4,900,000$4,900,000$4,900,000$4,900,000
60$5,402,684$5,142,984$5,067,034$5,835,515
61$5,910,159$5,351,391$5,193,181$6,327,952
62$6,468,022$5,568,637$5,322,179$6,862,802
63$7,081,371$5,795,111$5,454,083$7,448,803
64$7,755,821$6,031,221$5,588,945$8,091,064
65$8,497,557$6,277,393$5,726,816$8,795,214
66$9,313,395$6,534,072$5,867,752$9,567,449
67$10,210,845$6,801,726$6,011,806$10,414,597
68$11,198,180$7,080,840$6,159,031$11,344,175
69$12,284,518$7,371,924$6,309,481$12,364,467
70$13,479,902$7,675,511$6,463,212$13,484,592
71$14,795,399$7,992,158$6,620,277$14,714,600
72$16,243,204$8,322,449$6,780,731$16,065,560
73$17,836,754$8,666,992$6,944,628$17,549,663
74$19,590,853$9,026,425$7,112,023$19,180,341
75$21,521,815$9,401,414$7,282,971$20,972,392
76$23,647,615$9,792,658$7,457,525$22,942,115
77$25,988,060$10,200,887$7,635,740$25,107,470
78$28,564,974$10,626,862$7,817,670$27,488,239
79$31,402,407$11,071,384$8,003,367$30,106,220
80$34,526,857$11,535,287$8,192,885$32,985,427
81$37,967,526$12,019,445$8,386,276$36,152,315
82$41,756,590$12,524,774$8,583,592$39,636,034
83$45,929,503$13,052,229$8,784,884$43,468,700
84$50,525,337$13,602,813$8,990,202$47,685,696
85$55,587,143$14,177,572$9,199,595$52,326,011
86$61,162,362$14,777,604$9,413,112$57,432,598
87$67,303,272$15,404,055$9,630,800$63,052,788
88$74,067,478$16,058,126$9,852,705$69,238,731
89$81,518,461$16,741,074$10,078,870$76,047,885
90$89,726,170$17,454,213$10,309,339$83,543,563
91$98,767,691$18,198,921$10,544,152$91,795,528
92$108,727,964$18,976,636$10,783,350$100,880,645
93$119,700,592$19,788,868$11,026,969$110,883,616
94$131,788,724$20,637,194$11,275,043$121,897,766
95$145,106,024$21,523,266$11,527,607$134,025,935
96$159,777,745$22,448,813$11,784,689$147,381,436
97$175,941,916$23,415,646$12,046,317$162,089,134
98$193,750,638$24,425,659$12,312,515$178,286,616
99$213,371,523$25,480,836$12,583,304$196,125,492
100$234,989,275$26,583,254$12,858,701$215,772,821