Can I retire at age 60 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$445,927$441,955$438,080$434,297$430,604$425,223
2 years$220,756$216,645$212,660$208,797$205,049$199,635
3 years$145,709$141,580$137,605$133,778$130,092$124,812
4 years$108,192$104,076$100,141$96,380$92,783$87,678
5 years$85,689$81,597$77,714$74,029$70,532$65,618
6 years$70,691$66,630$62,804$59,201$55,809$51,092
7 years$59,983$55,956$52,191$48,673$45,388$40,869
8 years$51,955$47,964$44,262$40,830$37,654$33,332
9 years$45,714$41,762$38,123$34,778$31,710$27,584
10 years$40,725$36,811$33,236$29,979$27,018$23,085
11 years$36,645$32,771$29,261$26,091$23,237$19,493
12 years$33,248$29,413$25,968$22,885$20,136$16,578
13 years$30,376$26,581$23,201$20,204$17,559$14,181
14 years$27,916$24,161$20,846$17,935$15,392$12,190
15 years$25,786$22,072$18,821$15,995$13,553$10,521
16 years$23,924$20,250$17,064$14,322$11,978$9,111
17 years$22,283$18,650$15,528$12,868$10,620$7,913
18 years$20,826$17,233$14,175$11,597$9,443$6,889
19 years$19,523$15,972$12,976$10,479$8,417$6,010
20 years$18,353$14,842$11,909$9,490$7,518$5,253
21 years$17,295$13,824$10,954$8,613$6,728$4,598
22 years$16,335$12,905$10,096$7,831$6,031$4,031
23 years$15,459$12,069$9,322$7,132$5,413$3,537
24 years$14,658$11,308$8,621$6,505$4,866$3,108
25 years$13,922$10,612$7,985$5,941$4,378$2,732
26 years$13,244$9,974$7,405$5,432$3,944$2,404
27 years$12,617$9,386$6,877$4,972$3,556$2,117
28 years$12,035$8,845$6,393$4,555$3,208$1,865
29 years$11,495$8,344$5,949$4,177$2,897$1,644
30 years$10,992$7,880$5,541$3,834$2,618$1,450
31 years$10,522$7,449$5,166$3,521$2,367$1,280
32 years$10,083$7,049$4,820$3,236$2,141$1,129
33 years$9,671$6,675$4,500$2,976$1,937$997
34 years$9,284$6,326$4,205$2,738$1,754$881
35 years$8,920$6,001$3,931$2,520$1,589$778
36 years$8,576$5,695$3,678$2,321$1,440$687
37 years$8,253$5,409$3,442$2,139$1,305$607
38 years$7,947$5,141$3,223$1,971$1,183$537
39 years$7,657$4,888$3,020$1,818$1,073$474
40 years$7,383$4,651$2,831$1,676$973$419
41 years$7,122$4,427$2,654$1,547$883$371
42 years$6,875$4,216$2,490$1,427$801$328
43 years$6,640$4,017$2,336$1,318$727$290
44 years$6,416$3,829$2,193$1,217$660$257
45 years$6,203$3,652$2,059$1,124$599$227
46 years$5,999$3,484$1,934$1,038$544$201
47 years$5,805$3,324$1,817$959$494$178
48 years$5,619$3,174$1,707$886$448$157
49 years$5,442$3,031$1,605$819$407$139
50 years$5,272$2,895$1,509$757$370$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,400,000, adding $5,476 every year, while hoping to spend $35,701 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: 38/46/16 Blend
59$5,400,000$5,400,000$5,400,000$5,400,000
60$5,956,448$5,670,248$5,586,548$6,153,859
61$6,526,021$5,910,105$5,735,712$6,535,688
62$7,152,493$6,160,518$5,888,677$6,944,238
63$7,841,631$6,421,967$6,045,531$7,385,000
64$8,599,787$6,694,954$6,206,367$7,860,894
65$9,433,963$6,980,004$6,371,277$8,375,118
66$10,351,870$7,277,667$6,540,358$8,931,185
67$11,362,006$7,588,518$6,713,705$9,532,945
68$12,473,735$7,913,160$6,891,418$10,184,628
69$13,697,373$8,252,222$7,073,598$10,890,875
70$15,044,289$8,606,365$7,260,348$11,656,781
71$16,527,009$8,976,279$7,451,772$12,487,942
72$18,159,335$9,362,687$7,647,977$13,390,505
73$19,956,474$9,766,347$7,849,072$14,371,222
74$21,935,186$10,188,049$8,055,167$15,437,512
75$24,113,936$10,628,624$8,266,376$16,597,525
76$26,513,071$11,088,940$8,482,813$17,860,221
77$29,155,013$11,569,907$8,704,596$19,235,447
78$32,064,467$12,072,475$8,931,843$20,734,028
79$35,268,659$12,597,642$9,164,675$22,367,866
80$38,797,586$13,146,451$9,403,216$24,150,046
81$42,684,308$13,719,995$9,647,592$26,094,961
82$46,965,250$14,319,418$9,897,929$28,218,438
83$51,680,553$14,945,917$10,154,357$30,537,885
84$56,874,450$15,600,747$10,417,009$33,072,453
85$62,595,683$16,285,223$10,686,017$35,843,209
86$68,897,962$17,000,718$10,961,519$38,873,332
87$75,840,476$17,748,675$11,243,651$42,188,325
88$83,488,446$18,530,602$11,532,555$45,816,252
89$91,913,745$19,348,079$11,828,373$49,787,996
90$101,195,573$20,202,761$12,131,249$54,137,546
91$111,421,206$21,096,380$12,441,331$58,902,310
92$122,686,819$22,030,754$12,758,766$64,123,465
93$135,098,396$23,007,782$13,083,706$69,846,332
94$148,772,726$24,029,456$13,416,303$76,120,807
95$163,838,507$25,097,863$13,756,713$83,001,814
96$180,437,563$26,215,187$14,105,091$90,549,825
97$198,726,181$27,383,717$14,461,597$98,831,417
98$218,876,582$28,605,850$14,826,392$107,919,894
99$241,078,555$29,884,099$15,199,638$117,895,969
100$265,541,242$31,221,093$15,581,500$128,848,521