Can I retire at age 60 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$412,895$409,217$405,629$402,127$398,707$385,328
2 years$204,404$200,597$196,907$193,330$189,860$176,513
3 years$134,915$131,092$127,412$123,869$120,455$107,559
4 years$100,178$96,367$92,723$89,240$85,910$73,563
5 years$79,341$75,553$71,957$68,545$65,307$53,543
6 years$65,455$61,694$58,152$54,816$51,675$40,503
7 years$55,539$51,811$48,325$45,067$42,026$31,443
8 years$48,106$44,411$40,983$37,806$34,865$24,864
9 years$42,328$38,668$35,299$32,202$29,361$19,931
10 years$37,708$34,084$30,774$27,759$25,017$16,142
11 years$33,931$30,343$27,093$24,158$21,515$13,178
12 years$30,785$27,234$24,044$21,190$18,645$10,827
13 years$28,126$24,612$21,482$18,708$16,259$8,940
14 years$25,848$22,371$19,302$16,607$14,252$7,411
15 years$23,876$20,437$17,427$14,810$12,549$6,165
16 years$22,152$18,750$15,800$13,261$11,091$5,142
17 years$20,632$17,268$14,377$11,915$9,834$4,298
18 years$19,283$15,957$13,125$10,738$8,744$3,599
19 years$18,077$14,789$12,015$9,702$7,793$3,018
20 years$16,993$13,742$11,027$8,787$6,961$2,535
21 years$16,014$12,800$10,143$7,975$6,230$2,131
22 years$15,125$11,949$9,348$7,251$5,584$1,793
23 years$14,314$11,175$8,631$6,604$5,012$1,509
24 years$13,572$10,471$7,982$6,023$4,505$1,272
25 years$12,891$9,826$7,393$5,501$4,054$1,072
26 years$12,263$9,235$6,857$5,029$3,652$904
27 years$11,682$8,691$6,367$4,604$3,292$763
28 years$11,144$8,190$5,919$4,218$2,971$644
29 years$10,644$7,726$5,508$3,868$2,683$543
30 years$10,178$7,296$5,131$3,550$2,424$459
31 years$9,743$6,898$4,783$3,260$2,191$387
32 years$9,336$6,526$4,463$2,996$1,982$327
33 years$8,954$6,181$4,167$2,755$1,794$276
34 years$8,596$5,858$3,893$2,535$1,624$233
35 years$8,259$5,556$3,640$2,334$1,471$197
36 years$7,941$5,274$3,405$2,149$1,333$167
37 years$7,641$5,009$3,187$1,980$1,208$141
38 years$7,358$4,760$2,985$1,825$1,095$119
39 years$7,090$4,526$2,796$1,683$993$101
40 years$6,836$4,306$2,621$1,552$901$85
41 years$6,595$4,099$2,458$1,432$817$72
42 years$6,366$3,904$2,305$1,322$742$61
43 years$6,148$3,720$2,163$1,220$673$51
44 years$5,941$3,546$2,031$1,127$611$43
45 years$5,743$3,381$1,907$1,040$555$37
46 years$5,555$3,225$1,791$961$504$31
47 years$5,375$3,078$1,682$888$457$26
48 years$5,203$2,938$1,581$820$415$22
49 years$5,039$2,806$1,486$758$377$19
50 years$4,882$2,680$1,397$701$343$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,000,000, adding $6,235 every year, while hoping to spend $46,114 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: 48/42/10 Blend
59$5,000,000$5,000,000$5,000,000$5,000,000
60$5,516,431$5,251,431$5,173,931$5,765,904
61$6,030,042$5,459,687$5,298,193$6,146,225
62$6,594,496$5,676,601$5,425,072$6,553,592
63$7,214,930$5,902,549$5,554,607$6,994,829
64$7,897,004$6,137,925$5,686,838$7,473,106
65$8,646,953$6,383,138$5,821,801$7,991,907
66$9,471,647$6,638,617$5,959,536$8,555,059
67$10,378,655$6,904,809$6,100,081$9,166,765
68$11,376,316$7,182,183$6,243,472$9,831,649
69$12,473,819$7,471,228$6,389,747$10,554,789
70$13,681,286$7,772,456$6,538,941$11,341,769
71$15,009,871$8,086,401$6,691,089$12,198,729
72$16,471,865$8,413,621$6,846,228$13,132,419
73$18,080,808$8,754,701$7,004,389$14,150,263
74$19,851,621$9,110,252$7,165,606$15,260,426
75$21,800,743$9,480,912$7,329,912$16,471,888
76$23,946,290$9,867,348$7,497,335$17,794,530
77$26,308,222$10,270,258$7,667,906$19,239,220
78$28,908,533$10,690,373$7,841,653$20,817,916
79$31,771,457$11,128,454$8,018,601$22,543,777
80$34,923,697$11,585,301$8,198,777$24,431,281
81$38,394,681$12,061,747$8,382,202$26,496,365
82$42,216,831$12,558,665$8,568,898$28,756,566
83$46,425,875$13,076,967$8,758,884$31,231,187
84$51,061,185$13,617,609$8,952,177$33,941,476
85$56,166,141$14,181,587$9,148,791$36,910,822
86$61,788,550$14,769,948$9,348,738$40,164,973
87$67,981,089$15,383,782$9,552,027$43,732,276
88$74,801,805$16,024,232$9,758,665$47,643,940
89$82,314,664$16,692,494$9,968,655$51,934,327
90$90,590,151$17,389,817$10,181,996$56,641,272
91$99,705,938$18,117,510$10,398,685$61,806,438
92$109,747,617$18,876,942$10,618,714$67,475,700
93$120,809,505$19,669,543$10,842,072$73,699,579
94$132,995,536$20,496,812$11,068,743$80,533,711
95$146,420,241$21,360,316$11,298,706$88,039,365
96$161,209,829$22,261,695$11,531,936$96,284,024
97$177,503,379$23,202,666$11,768,404$105,342,005
98$195,454,151$24,185,023$12,008,073$115,295,167
99$215,231,033$25,210,648$12,250,901$126,233,667
100$237,020,134$26,281,505$12,496,842$138,256,812