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%12.8%
1 years$421,153$417,402$413,742$410,169$406,681$401,933
2 years$208,492$204,609$200,846$197,197$193,658$188,878
3 years$137,614$133,714$129,960$126,346$122,864$118,202
4 years$102,182$98,294$94,578$91,025$87,628$83,119
5 years$80,928$77,064$73,396$69,916$66,613$62,271
6 years$66,764$62,928$59,315$55,912$52,709$48,538
7 years$56,650$52,847$49,291$45,969$42,866$38,869
8 years$49,068$45,300$41,803$38,562$35,562$31,737
9 years$43,175$39,442$36,005$32,846$29,948$26,295
10 years$38,462$34,766$31,390$28,314$25,517$22,033
11 years$34,610$30,950$27,635$24,641$21,946$18,628
12 years$31,401$27,779$24,525$21,614$19,018$15,862
13 years$28,688$25,104$21,912$19,082$16,584$13,587
14 years$26,365$22,819$19,688$16,939$14,537$11,695
15 years$24,353$20,846$17,775$15,106$12,800$10,107
16 years$22,595$19,125$16,116$13,526$11,312$8,765
17 years$21,045$17,614$14,665$12,153$10,030$7,623
18 years$19,669$16,276$13,387$10,952$8,919$6,646
19 years$18,439$15,084$12,255$9,896$7,949$5,807
20 years$17,333$14,017$11,247$8,963$7,101$5,083
21 years$16,334$13,056$10,345$8,135$6,354$4,456
22 years$15,427$12,188$9,535$7,396$5,696$3,912
23 years$14,601$11,399$8,804$6,736$5,113$3,438
24 years$13,844$10,680$8,142$6,144$4,595$3,025
25 years$13,149$10,023$7,541$5,611$4,135$2,664
26 years$12,508$9,420$6,994$5,130$3,725$2,348
27 years$11,916$8,865$6,495$4,696$3,358$2,071
28 years$11,367$8,353$6,038$4,302$3,030$1,828
29 years$10,857$7,881$5,618$3,945$2,736$1,614
30 years$10,381$7,442$5,233$3,621$2,472$1,425
31 years$9,938$7,035$4,879$3,325$2,235$1,260
32 years$9,523$6,657$4,552$3,056$2,022$1,114
33 years$9,133$6,304$4,250$2,810$1,830$985
34 years$8,768$5,975$3,971$2,586$1,657$871
35 years$8,424$5,667$3,713$2,380$1,501$771
36 years$8,100$5,379$3,473$2,192$1,360$682
37 years$7,794$5,109$3,251$2,020$1,232$604
38 years$7,505$4,855$3,044$1,862$1,117$535
39 years$7,232$4,617$2,852$1,717$1,013$473
40 years$6,973$4,393$2,673$1,583$919$419
41 years$6,727$4,181$2,507$1,461$834$371
42 years$6,493$3,982$2,351$1,348$756$329
43 years$6,271$3,794$2,207$1,245$686$291
44 years$6,060$3,617$2,071$1,149$623$258
45 years$5,858$3,449$1,945$1,061$566$229
46 years$5,666$3,290$1,827$980$514$203
47 years$5,483$3,140$1,716$906$466$180
48 years$5,307$2,997$1,613$837$424$159
49 years$5,140$2,862$1,516$773$385$141
50 years$4,979$2,734$1,425$715$349$125

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 $4,305 every year, while hoping to spend $43,682 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: 33/43/24 Blend
59$5,100,000$5,100,000$5,100,000$5,100,000
60$5,624,641$5,354,341$5,275,291$5,768,844
61$6,151,877$5,570,226$5,405,536$6,093,460
62$6,731,427$5,795,226$5,538,680$6,438,826
63$7,368,581$6,029,740$5,674,774$6,810,168
64$8,069,167$6,274,188$5,813,870$7,209,805
65$8,839,606$6,529,008$5,956,018$7,640,284
66$9,686,972$6,794,656$6,101,271$8,104,396
67$10,619,060$7,071,611$6,249,681$8,605,204
68$11,644,458$7,360,373$6,401,299$9,146,070
69$12,772,627$7,661,466$6,556,177$9,730,684
70$14,013,993$7,975,436$6,714,367$10,363,097
71$15,380,043$8,302,855$6,875,921$11,047,757
72$16,883,434$8,644,321$7,040,891$11,789,550
73$18,538,112$9,000,460$7,209,328$12,593,842
74$20,359,442$9,371,926$7,381,283$13,466,529
75$22,364,357$9,759,402$7,556,808$14,414,090
76$24,571,513$10,163,604$7,735,953$15,443,645
77$27,001,468$10,585,282$7,918,768$16,563,020
78$29,676,874$11,025,216$8,105,303$17,780,818
79$32,622,690$11,484,227$8,295,606$19,106,499
80$35,866,422$11,963,171$8,489,725$20,550,461
81$39,438,374$12,462,945$8,687,709$22,124,144
82$43,371,944$12,984,484$8,889,603$23,840,125
83$47,703,930$13,528,771$9,095,452$25,712,242
84$52,474,881$14,096,832$9,305,300$27,755,714
85$57,729,482$14,689,740$9,519,191$29,987,286
86$63,516,971$15,308,619$9,737,165$32,425,381
87$69,891,604$15,954,643$9,959,262$35,090,271
88$76,913,171$16,629,044$10,185,521$38,004,263
89$84,647,556$17,333,108$10,415,977$41,191,906
90$93,167,358$18,068,182$10,650,664$44,680,219
91$102,552,582$18,835,676$10,889,614$48,498,938
92$112,891,386$19,637,065$11,132,858$52,680,797
93$124,280,920$20,473,894$11,380,420$57,261,828
94$136,828,235$21,347,776$11,632,326$62,281,698
95$150,651,304$22,260,406$11,888,597$67,784,076
96$165,880,122$23,213,551$12,149,251$73,817,040
97$182,657,945$24,209,066$12,414,301$80,433,525
98$201,142,635$25,248,889$12,683,760$87,691,818
99$221,508,151$26,335,052$12,957,633$95,656,097
100$243,946,191$27,469,679$13,235,923$104,397,037