Can I retire at age 60 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$421,153$417,402$413,742$410,169$406,681$394,137
2 years$208,492$204,609$200,846$197,197$193,658$181,129
3 years$137,614$133,714$129,960$126,346$122,864$110,744
4 years$102,182$98,294$94,578$91,025$87,628$76,010
5 years$80,928$77,064$73,396$69,916$66,613$55,528
6 years$66,764$62,928$59,315$55,912$52,709$42,166
7 years$56,650$52,847$49,291$45,969$42,866$32,866
8 years$49,068$45,300$41,803$38,562$35,562$26,097
9 years$43,175$39,442$36,005$32,846$29,948$21,008
10 years$38,462$34,766$31,390$28,314$25,517$17,090
11 years$34,610$30,950$27,635$24,641$21,946$14,015
12 years$31,401$27,779$24,525$21,614$19,018$11,568
13 years$28,688$25,104$21,912$19,082$16,584$9,597
14 years$26,365$22,819$19,688$16,939$14,537$7,995
15 years$24,353$20,846$17,775$15,106$12,800$6,683
16 years$22,595$19,125$16,116$13,526$11,312$5,602
17 years$21,045$17,614$14,665$12,153$10,030$4,707
18 years$19,669$16,276$13,387$10,952$8,919$3,962
19 years$18,439$15,084$12,255$9,896$7,949$3,341
20 years$17,333$14,017$11,247$8,963$7,101$2,820
21 years$16,334$13,056$10,345$8,135$6,354$2,384
22 years$15,427$12,188$9,535$7,396$5,696$2,017
23 years$14,601$11,399$8,804$6,736$5,113$1,707
24 years$13,844$10,680$8,142$6,144$4,595$1,447
25 years$13,149$10,023$7,541$5,611$4,135$1,226
26 years$12,508$9,420$6,994$5,130$3,725$1,040
27 years$11,916$8,865$6,495$4,696$3,358$882
28 years$11,367$8,353$6,038$4,302$3,030$749
29 years$10,857$7,881$5,618$3,945$2,736$636
30 years$10,381$7,442$5,233$3,621$2,472$540
31 years$9,938$7,035$4,879$3,325$2,235$459
32 years$9,523$6,657$4,552$3,056$2,022$390
33 years$9,133$6,304$4,250$2,810$1,830$331
34 years$8,768$5,975$3,971$2,586$1,657$281
35 years$8,424$5,667$3,713$2,380$1,501$239
36 years$8,100$5,379$3,473$2,192$1,360$203
37 years$7,794$5,109$3,251$2,020$1,232$173
38 years$7,505$4,855$3,044$1,862$1,117$147
39 years$7,232$4,617$2,852$1,717$1,013$125
40 years$6,973$4,393$2,673$1,583$919$106
41 years$6,727$4,181$2,507$1,461$834$90
42 years$6,493$3,982$2,351$1,348$756$77
43 years$6,271$3,794$2,207$1,245$686$65
44 years$6,060$3,617$2,071$1,149$623$55
45 years$5,858$3,449$1,945$1,061$566$47
46 years$5,666$3,290$1,827$980$514$40
47 years$5,483$3,140$1,716$906$466$34
48 years$5,307$2,997$1,613$837$424$29
49 years$5,140$2,862$1,516$773$385$25
50 years$4,979$2,734$1,425$715$349$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,100,000, adding $2,813 every year, while hoping to spend $43,069 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: 41/42/17 Blend
59$5,100,000$5,100,000$5,100,000$5,100,000
60$5,623,102$5,352,802$5,273,752$5,825,341
61$6,150,833$5,569,264$5,404,597$6,185,457
62$6,730,949$5,794,889$5,538,383$6,570,575
63$7,368,749$6,030,081$5,675,161$6,986,499
64$8,070,068$6,275,262$5,814,985$7,436,061
65$8,841,337$6,530,872$5,957,910$7,922,372
66$9,689,641$6,797,373$6,103,988$8,448,844
67$10,622,787$7,075,247$6,253,274$9,019,228
68$11,649,376$7,364,998$6,405,823$9,637,640
69$12,778,882$7,667,153$6,561,688$10,308,604
70$14,021,749$7,982,264$6,720,925$11,037,090
71$15,389,479$8,310,907$6,883,588$11,828,561
72$16,894,750$8,653,685$7,049,732$12,689,018
73$18,551,528$9,011,229$7,219,412$13,625,061
74$20,375,203$9,384,199$7,392,681$14,643,941
75$22,382,732$9,773,283$7,569,595$15,753,636
76$24,592,801$10,179,204$7,750,207$16,962,915
77$27,025,999$10,602,717$7,934,570$18,281,422
78$29,705,012$11,044,611$8,122,739$19,719,765
79$32,654,838$11,505,713$8,314,767$21,289,612
80$35,903,024$11,986,885$8,510,704$23,003,800
81$39,479,923$12,489,033$8,710,603$24,876,449
82$43,418,982$13,013,102$8,914,515$26,923,098
83$47,757,056$13,560,082$9,122,489$29,160,843
84$52,534,757$14,131,008$9,334,574$31,608,500
85$57,796,839$14,726,963$9,550,818$34,286,773
86$63,592,614$15,349,082$9,771,268$37,218,452
87$69,976,424$15,998,550$9,995,969$40,428,620
88$77,008,149$16,676,609$10,224,964$43,944,887
89$84,753,775$17,384,558$10,458,295$47,797,646
90$93,286,016$18,123,757$10,696,003$52,020,357
91$102,684,996$18,895,628$10,938,127$56,649,857
92$113,039,013$19,701,661$11,184,701$61,726,702
93$124,445,363$20,543,413$11,435,760$67,295,545
94$137,011,268$21,422,518$11,691,335$73,405,557
95$150,854,877$22,340,682$11,951,455$80,110,876
96$166,106,391$23,299,692$12,216,145$87,471,123
97$182,909,286$24,301,419$12,485,429$95,551,951
98$201,421,667$25,347,823$12,759,324$104,425,661
99$221,817,764$26,440,953$13,037,848$114,171,882
100$244,289,571$27,582,955$13,321,012$124,878,307