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%13.3%
1 years$445,927$441,955$438,080$434,297$430,604$424,695
2 years$220,756$216,645$212,660$208,797$205,049$199,107
3 years$145,709$141,580$137,605$133,778$130,092$124,300
4 years$108,192$104,076$100,141$96,380$92,783$87,186
5 years$85,689$81,597$77,714$74,029$70,532$65,148
6 years$70,691$66,630$62,804$59,201$55,809$50,643
7 years$59,983$55,956$52,191$48,673$45,388$40,442
8 years$51,955$47,964$44,262$40,830$37,654$32,927
9 years$45,714$41,762$38,123$34,778$31,710$27,201
10 years$40,725$36,811$33,236$29,979$27,018$22,723
11 years$36,645$32,771$29,261$26,091$23,237$19,151
12 years$33,248$29,413$25,968$22,885$20,136$16,256
13 years$30,376$26,581$23,201$20,204$17,559$13,879
14 years$27,916$24,161$20,846$17,935$15,392$11,906
15 years$25,786$22,072$18,821$15,995$13,553$10,255
16 years$23,924$20,250$17,064$14,322$11,978$8,862
17 years$22,283$18,650$15,528$12,868$10,620$7,680
18 years$20,826$17,233$14,175$11,597$9,443$6,672
19 years$19,523$15,972$12,976$10,479$8,417$5,809
20 years$18,353$14,842$11,909$9,490$7,518$5,066
21 years$17,295$13,824$10,954$8,613$6,728$4,424
22 years$16,335$12,905$10,096$7,831$6,031$3,869
23 years$15,459$12,069$9,322$7,132$5,413$3,388
24 years$14,658$11,308$8,621$6,505$4,866$2,969
25 years$13,922$10,612$7,985$5,941$4,378$2,605
26 years$13,244$9,974$7,405$5,432$3,944$2,287
27 years$12,617$9,386$6,877$4,972$3,556$2,009
28 years$12,035$8,845$6,393$4,555$3,208$1,765
29 years$11,495$8,344$5,949$4,177$2,897$1,553
30 years$10,992$7,880$5,541$3,834$2,618$1,366
31 years$10,522$7,449$5,166$3,521$2,367$1,202
32 years$10,083$7,049$4,820$3,236$2,141$1,058
33 years$9,671$6,675$4,500$2,976$1,937$932
34 years$9,284$6,326$4,205$2,738$1,754$821
35 years$8,920$6,001$3,931$2,520$1,589$723
36 years$8,576$5,695$3,678$2,321$1,440$638
37 years$8,253$5,409$3,442$2,139$1,305$562
38 years$7,947$5,141$3,223$1,971$1,183$495
39 years$7,657$4,888$3,020$1,818$1,073$437
40 years$7,383$4,651$2,831$1,676$973$385
41 years$7,122$4,427$2,654$1,547$883$340
42 years$6,875$4,216$2,490$1,427$801$300
43 years$6,640$4,017$2,336$1,318$727$264
44 years$6,416$3,829$2,193$1,217$660$233
45 years$6,203$3,652$2,059$1,124$599$206
46 years$5,999$3,484$1,934$1,038$544$181
47 years$5,805$3,324$1,817$959$494$160
48 years$5,619$3,174$1,707$886$448$141
49 years$5,442$3,031$1,605$819$407$125
50 years$5,272$2,895$1,509$757$370$110

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 $3,810 every year, while hoping to spend $53,764 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: 46/45/9 Blend
59$5,400,000$5,400,000$5,400,000$5,400,000
60$5,954,730$5,668,530$5,584,830$6,213,591
61$6,504,908$5,889,084$5,714,717$6,613,082
62$7,109,402$6,118,642$5,847,154$7,040,324
63$7,773,696$6,357,591$5,982,168$7,502,555
64$8,503,831$6,606,330$6,119,789$8,003,032
65$9,306,461$6,865,280$6,260,042$8,545,326
66$10,188,921$7,134,879$6,402,953$9,133,367
67$11,159,286$7,415,584$6,548,548$9,771,465
68$12,226,459$7,707,873$6,696,850$10,464,362
69$13,400,244$8,012,245$6,847,881$11,217,265
70$14,691,446$8,329,222$7,001,662$12,035,901
71$16,111,969$8,659,349$7,158,212$12,926,561
72$17,674,927$9,003,195$7,317,550$13,896,166
73$19,394,773$9,361,355$7,479,692$14,952,324
74$21,287,429$9,734,450$7,644,650$16,103,401
75$23,370,439$10,123,131$7,812,438$17,358,597
76$25,663,134$10,528,074$7,983,065$18,728,035
77$28,186,815$10,949,991$8,156,539$20,222,848
78$30,964,952$11,389,622$8,332,865$21,855,283
79$34,023,405$11,847,742$8,512,044$23,638,815
80$37,390,672$12,325,161$8,694,077$25,588,274
81$41,098,152$12,822,725$8,878,960$27,719,976
82$45,180,443$13,341,319$9,066,685$30,051,876
83$49,675,673$13,881,868$9,257,243$32,603,737
84$54,625,851$14,445,339$9,450,620$35,397,312
85$60,077,270$15,032,742$9,646,798$38,456,541
86$66,080,940$15,645,135$9,845,755$41,807,780
87$72,693,072$16,283,623$10,047,463$45,480,044
88$79,975,605$16,949,361$10,251,894$49,505,273
89$87,996,794$17,643,557$10,459,009$53,918,634
90$96,831,850$18,367,474$10,668,769$58,758,846
91$106,563,653$19,122,434$10,881,127$64,068,541
92$117,283,530$19,909,818$11,096,029$69,894,664
93$129,092,122$20,731,071$11,313,418$76,288,907
94$142,100,329$21,587,703$11,533,227$83,308,196
95$156,430,358$22,481,297$11,755,387$91,015,221
96$172,216,878$23,413,504$11,979,815$99,479,019
97$189,608,288$24,386,054$12,206,427$108,775,627
98$208,768,118$25,400,755$12,435,127$118,988,787
99$229,876,574$26,459,500$12,665,812$130,210,732
100$253,132,237$27,564,268$12,898,369$142,543,051