Can I retire at age 60 with 5,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$429,411$425,586$421,854$418,212$414,655$404,960
2 years$212,580$208,621$204,784$201,063$197,455$187,742
3 years$140,312$136,336$132,509$128,823$125,274$115,847
4 years$104,185$100,221$96,432$92,810$89,346$80,278
5 years$82,515$78,575$74,835$71,287$67,919$59,235
6 years$68,073$64,162$60,478$57,009$53,742$45,451
7 years$57,761$53,883$50,258$46,870$43,707$35,810
8 years$50,031$46,188$42,622$39,318$36,259$28,753
9 years$44,021$40,215$36,711$33,490$30,535$23,415
10 years$39,217$35,447$32,005$28,869$26,018$19,274
11 years$35,288$31,557$28,177$25,125$22,376$16,000
12 years$32,017$28,324$25,006$22,038$19,391$13,373
13 years$29,251$25,596$22,341$19,456$16,909$11,237
14 years$26,882$23,266$20,074$17,271$14,822$9,485
15 years$24,831$21,254$18,124$15,403$13,051$8,035
16 years$23,038$19,500$16,432$13,791$11,534$6,828
17 years$21,458$17,959$14,953$12,391$10,227$5,817
18 years$20,054$16,595$13,650$11,167$9,093$4,966
19 years$18,800$15,380$12,496$10,090$8,105$4,247
20 years$17,673$14,292$11,468$9,139$7,240$3,638
21 years$16,655$13,312$10,548$8,294$6,479$3,120
22 years$15,730$12,427$9,722$7,541$5,807$2,679
23 years$14,887$11,622$8,976$6,868$5,213$2,302
24 years$14,115$10,889$8,302$6,264$4,686$1,980
25 years$13,406$10,219$7,689$5,721$4,216$1,704
26 years$12,753$9,604$7,131$5,231$3,798$1,467
27 years$12,149$9,039$6,622$4,788$3,424$1,264
28 years$11,590$8,517$6,156$4,387$3,090$1,090
29 years$11,070$8,035$5,729$4,023$2,790$940
30 years$10,585$7,588$5,336$3,692$2,521$811
31 years$10,133$7,173$4,975$3,391$2,279$699
32 years$9,709$6,787$4,641$3,116$2,062$604
33 years$9,312$6,428$4,334$2,865$1,866$521
34 years$8,940$6,092$4,049$2,636$1,689$450
35 years$8,589$5,778$3,786$2,427$1,530$388
36 years$8,259$5,484$3,541$2,235$1,386$335
37 years$7,947$5,209$3,315$2,059$1,256$290
38 years$7,652$4,950$3,104$1,898$1,139$250
39 years$7,373$4,707$2,908$1,750$1,033$216
40 years$7,109$4,479$2,726$1,614$937$187
41 years$6,859$4,263$2,556$1,489$850$161
42 years$6,620$4,060$2,398$1,375$771$139
43 years$6,394$3,869$2,250$1,269$700$120
44 years$6,178$3,688$2,112$1,172$635$104
45 years$5,973$3,516$1,983$1,082$577$90
46 years$5,777$3,354$1,862$999$524$78
47 years$5,590$3,201$1,750$923$476$67
48 years$5,411$3,056$1,644$853$432$58
49 years$5,241$2,918$1,545$789$392$50
50 years$5,077$2,788$1,453$729$356$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,200,000, adding $6,698 every year, while hoping to spend $30,375 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: 29/45/26 Blend
59$5,200,000$5,200,000$5,200,000$5,200,000
60$5,737,309$5,461,709$5,381,109$5,857,270
61$6,290,196$5,697,014$5,529,057$6,187,159
62$6,898,459$5,942,831$5,680,944$6,538,461
63$7,567,715$6,199,643$5,836,869$6,915,531
64$8,304,152$6,467,955$5,996,934$7,320,615
65$9,114,588$6,748,297$6,161,244$7,756,169
66$10,006,536$7,041,224$6,329,905$8,224,885
67$10,988,274$7,347,315$6,503,028$8,729,710
68$12,068,923$7,667,179$6,680,725$9,273,879
69$13,258,533$8,001,451$6,863,109$9,860,932
70$14,568,179$8,350,797$7,050,299$10,494,756
71$16,010,062$8,715,916$7,242,413$11,179,612
72$17,597,630$9,097,537$7,439,576$11,920,174
73$19,345,698$9,496,426$7,641,911$12,721,573
74$21,270,591$9,913,383$7,849,547$13,589,438
75$23,390,300$10,349,248$8,062,616$14,529,951
76$25,724,648$10,804,898$8,281,251$15,549,895
77$28,295,479$11,281,254$8,505,589$16,656,725
78$31,126,861$11,779,280$8,735,770$17,858,624
79$34,245,320$12,299,984$8,971,938$19,164,584
80$37,680,083$12,844,423$9,214,238$20,584,484
81$41,463,356$13,413,704$9,462,819$22,129,179
82$45,630,631$14,008,988$9,717,836$23,810,600
83$50,221,014$14,631,487$9,979,442$25,641,859
84$55,277,603$15,282,475$10,247,799$27,637,374
85$60,847,886$15,963,284$10,523,068$29,812,994
86$66,984,195$16,675,309$10,805,415$32,186,146
87$73,744,196$17,420,014$11,095,010$34,775,996
88$81,191,438$18,198,928$11,392,027$37,603,621
89$89,395,947$19,013,657$11,696,642$40,692,205
90$98,434,889$19,865,882$12,009,035$44,067,253
91$108,393,301$20,757,364$12,329,391$47,756,820
92$119,364,890$21,689,947$12,657,897$51,791,775
93$131,452,918$22,665,563$12,994,746$56,206,082
94$144,771,178$23,686,239$13,340,133$61,037,116
95$159,445,068$24,754,094$13,694,257$66,326,007
96$175,612,772$25,871,352$14,057,322$72,118,019
97$193,426,568$27,040,342$14,429,536$78,462,972
98$213,054,262$28,263,502$14,811,109$85,415,704
99$234,680,774$29,543,391$15,202,258$93,036,575
100$258,509,881$30,882,685$15,603,202$101,392,033