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%14.7%
1 years$412,895$409,217$405,629$402,127$398,707$390,977
2 years$204,404$200,597$196,907$193,330$189,860$182,104
3 years$134,915$131,092$127,412$123,869$120,455$112,914
4 years$100,178$96,367$92,723$89,240$85,910$78,642
5 years$79,341$75,553$71,957$68,545$65,307$58,333
6 years$65,455$61,694$58,152$54,816$51,675$45,003
7 years$55,539$51,811$48,325$45,067$42,026$35,657
8 years$48,106$44,411$40,983$37,806$34,865$28,798
9 years$42,328$38,668$35,299$32,202$29,361$23,592
10 years$37,708$34,084$30,774$27,759$25,017$19,541
11 years$33,931$30,343$27,093$24,158$21,515$16,325
12 years$30,785$27,234$24,044$21,190$18,645$13,733
13 years$28,126$24,612$21,482$18,708$16,259$11,617
14 years$25,848$22,371$19,302$16,607$14,252$9,872
15 years$23,876$20,437$17,427$14,810$12,549$8,422
16 years$22,152$18,750$15,800$13,261$11,091$7,207
17 years$20,632$17,268$14,377$11,915$9,834$6,184
18 years$19,283$15,957$13,125$10,738$8,744$5,318
19 years$18,077$14,789$12,015$9,702$7,793$4,582
20 years$16,993$13,742$11,027$8,787$6,961$3,955
21 years$16,014$12,800$10,143$7,975$6,230$3,418
22 years$15,125$11,949$9,348$7,251$5,584$2,957
23 years$14,314$11,175$8,631$6,604$5,012$2,561
24 years$13,572$10,471$7,982$6,023$4,505$2,220
25 years$12,891$9,826$7,393$5,501$4,054$1,926
26 years$12,263$9,235$6,857$5,029$3,652$1,672
27 years$11,682$8,691$6,367$4,604$3,292$1,452
28 years$11,144$8,190$5,919$4,218$2,971$1,262
29 years$10,644$7,726$5,508$3,868$2,683$1,097
30 years$10,178$7,296$5,131$3,550$2,424$954
31 years$9,743$6,898$4,783$3,260$2,191$830
32 years$9,336$6,526$4,463$2,996$1,982$723
33 years$8,954$6,181$4,167$2,755$1,794$629
34 years$8,596$5,858$3,893$2,535$1,624$548
35 years$8,259$5,556$3,640$2,334$1,471$477
36 years$7,941$5,274$3,405$2,149$1,333$415
37 years$7,641$5,009$3,187$1,980$1,208$362
38 years$7,358$4,760$2,985$1,825$1,095$315
39 years$7,090$4,526$2,796$1,683$993$275
40 years$6,836$4,306$2,621$1,552$901$239
41 years$6,595$4,099$2,458$1,432$817$208
42 years$6,366$3,904$2,305$1,322$742$182
43 years$6,148$3,720$2,163$1,220$673$158
44 years$5,941$3,546$2,031$1,127$611$138
45 years$5,743$3,381$1,907$1,040$555$120
46 years$5,555$3,225$1,791$961$504$105
47 years$5,375$3,078$1,682$888$457$91
48 years$5,203$2,938$1,581$820$415$80
49 years$5,039$2,806$1,486$758$377$69
50 years$4,882$2,680$1,397$701$343$60

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 $4,139 every year, while hoping to spend $29,888 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$5,000,000$5,000,000$5,000,000$5,000,000
60$5,514,269$5,249,269$5,171,769$5,854,292
61$6,044,924$5,474,683$5,313,223$6,308,102
62$6,628,704$5,710,140$5,458,414$6,800,362
63$7,270,996$5,956,101$5,607,435$7,337,981
64$7,977,737$6,213,049$5,760,383$7,925,421
65$8,755,465$6,481,488$5,917,355$8,567,598
66$9,611,388$6,761,946$6,078,451$9,269,920
67$10,553,445$7,054,976$6,243,775$10,038,341
68$11,590,385$7,361,159$6,413,430$10,879,417
69$12,731,848$7,681,100$6,587,524$11,800,365
70$13,988,457$8,015,434$6,766,167$12,809,131
71$15,371,916$8,364,827$6,949,469$13,914,466
72$16,895,122$8,729,974$7,137,547$15,126,005
73$18,572,285$9,111,603$7,330,516$16,454,357
74$20,419,066$9,510,480$7,528,496$17,911,207
75$22,452,720$9,927,402$7,731,609$19,509,421
76$24,692,259$10,363,207$7,939,980$21,263,171
77$27,158,637$10,818,771$8,153,737$23,188,065
78$29,874,940$11,295,013$8,373,009$25,301,293
79$32,866,608$11,792,894$8,597,930$27,621,789
80$36,161,677$12,313,419$8,828,634$30,170,406
81$39,791,036$12,857,645$9,065,262$32,970,118
82$43,788,727$13,426,676$9,307,954$36,046,227
83$48,192,262$14,021,667$9,556,855$39,426,606
84$53,042,975$14,643,831$9,812,112$43,141,961
85$58,386,417$15,294,437$10,073,876$47,226,114
86$64,272,781$15,974,815$10,342,301$51,716,327
87$70,757,379$16,686,355$10,617,542$56,653,647
88$77,901,163$17,430,517$10,899,761$62,083,297
89$85,771,298$18,208,829$11,189,119$68,055,096
90$94,441,800$19,022,891$11,485,784$74,623,929
91$103,994,231$19,874,380$11,789,925$81,850,265
92$114,518,469$20,765,052$12,101,715$89,800,725
93$126,113,560$21,696,747$12,421,330$98,548,707
94$138,888,648$22,671,392$12,748,949$108,175,078
95$152,964,008$23,691,007$13,084,756$118,768,936
96$168,472,178$24,757,708$13,428,937$130,428,448
97$185,559,216$25,873,712$13,781,682$143,261,774
98$204,386,072$27,041,340$14,143,185$157,388,083
99$225,130,112$28,263,026$14,513,642$172,938,682
100$247,986,789$29,541,320$14,893,254$190,058,246