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%19.6%
1 years$445,927$441,955$438,080$434,297$430,604$414,009
2 years$220,756$216,645$212,660$208,797$205,049$188,529
3 years$145,709$141,580$137,605$133,778$130,092$114,165
4 years$108,192$104,076$100,141$96,380$92,783$77,571
5 years$85,689$81,597$77,714$74,029$70,532$56,074
6 years$70,691$66,630$62,804$59,201$55,809$42,115
7 years$59,983$55,956$52,191$48,673$45,388$32,453
8 years$51,955$47,964$44,262$40,830$37,654$25,466
9 years$45,714$41,762$38,123$34,778$31,710$20,251
10 years$40,725$36,811$33,236$29,979$27,018$16,267
11 years$36,645$32,771$29,261$26,091$23,237$13,168
12 years$33,248$29,413$25,968$22,885$20,136$10,725
13 years$30,376$26,581$23,201$20,204$17,559$8,777
14 years$27,916$24,161$20,846$17,935$15,392$7,211
15 years$25,786$22,072$18,821$15,995$13,553$5,943
16 years$23,924$20,250$17,064$14,322$11,978$4,910
17 years$22,283$18,650$15,528$12,868$10,620$4,065
18 years$20,826$17,233$14,175$11,597$9,443$3,371
19 years$19,523$15,972$12,976$10,479$8,417$2,800
20 years$18,353$14,842$11,909$9,490$7,518$2,328
21 years$17,295$13,824$10,954$8,613$6,728$1,937
22 years$16,335$12,905$10,096$7,831$6,031$1,613
23 years$15,459$12,069$9,322$7,132$5,413$1,345
24 years$14,658$11,308$8,621$6,505$4,866$1,121
25 years$13,922$10,612$7,985$5,941$4,378$935
26 years$13,244$9,974$7,405$5,432$3,944$781
27 years$12,617$9,386$6,877$4,972$3,556$652
28 years$12,035$8,845$6,393$4,555$3,208$544
29 years$11,495$8,344$5,949$4,177$2,897$454
30 years$10,992$7,880$5,541$3,834$2,618$380
31 years$10,522$7,449$5,166$3,521$2,367$317
32 years$10,083$7,049$4,820$3,236$2,141$265
33 years$9,671$6,675$4,500$2,976$1,937$221
34 years$9,284$6,326$4,205$2,738$1,754$185
35 years$8,920$6,001$3,931$2,520$1,589$155
36 years$8,576$5,695$3,678$2,321$1,440$129
37 years$8,253$5,409$3,442$2,139$1,305$108
38 years$7,947$5,141$3,223$1,971$1,183$90
39 years$7,657$4,888$3,020$1,818$1,073$76
40 years$7,383$4,651$2,831$1,676$973$63
41 years$7,122$4,427$2,654$1,547$883$53
42 years$6,875$4,216$2,490$1,427$801$44
43 years$6,640$4,017$2,336$1,318$727$37
44 years$6,416$3,829$2,193$1,217$660$31
45 years$6,203$3,652$2,059$1,124$599$26
46 years$5,999$3,484$1,934$1,038$544$22
47 years$5,805$3,324$1,817$959$494$18
48 years$5,619$3,174$1,707$886$448$15
49 years$5,442$3,031$1,605$819$407$13
50 years$5,272$2,895$1,509$757$370$11

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 $3,790 every year, while hoping to spend $37,554 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: 88/7/5 Blend
59$5,400,000$5,400,000$5,400,000$5,400,000
60$5,954,709$5,668,509$5,584,809$6,479,102
61$6,522,133$5,906,309$5,731,943$7,058,592
62$7,146,174$6,154,503$5,882,748$7,689,900
63$7,832,570$6,413,559$6,037,306$8,382,672
64$8,587,639$6,683,970$6,195,702$9,143,076
65$9,418,343$6,966,250$6,358,023$9,977,906
66$10,332,355$7,260,937$6,524,358$10,894,647
67$11,338,125$7,568,593$6,694,794$11,901,542
68$12,444,969$7,889,809$6,869,424$13,007,669
69$13,663,146$8,225,200$7,048,341$14,223,030
70$15,003,965$8,575,413$7,231,638$15,558,644
71$16,479,883$8,941,122$7,419,411$17,026,645
72$18,104,629$9,323,034$7,611,759$18,640,404
73$19,893,328$9,721,890$7,808,780$20,414,650
74$21,862,648$10,138,463$8,010,575$22,365,608
75$24,030,956$10,573,565$8,217,247$24,511,154
76$26,418,487$11,028,044$8,428,899$26,870,981
77$29,047,543$11,502,788$8,645,637$29,466,784
78$31,942,695$11,998,727$8,867,568$32,322,468
79$35,131,020$12,516,835$9,094,802$35,464,367
80$38,642,355$13,058,131$9,327,448$38,921,497
81$42,509,576$13,623,681$9,565,619$42,725,825
82$46,768,914$14,214,602$9,809,429$46,912,573
83$51,460,291$14,832,065$10,058,992$51,520,548
84$56,627,697$15,477,293$10,314,425$56,592,507
85$62,319,611$16,151,569$10,575,847$62,175,562
86$68,589,450$16,856,234$10,843,376$68,321,620
87$75,496,080$17,592,696$11,117,135$75,087,878
88$83,104,367$18,362,425$11,397,246$82,537,353
89$91,485,791$19,166,962$11,683,833$90,739,486
90$100,719,121$20,007,923$11,977,021$99,770,787
91$110,891,157$20,886,997$12,276,936$109,715,562
92$122,097,549$21,805,954$12,583,708$120,666,707
93$134,443,701$22,766,647$12,897,464$132,726,581
94$148,045,765$23,771,020$13,218,336$146,007,973
95$163,031,737$24,821,104$13,546,454$160,635,165
96$179,542,665$25,919,029$13,881,951$176,745,103
97$197,733,981$27,067,025$14,224,961$194,488,689
98$217,776,968$28,267,430$14,575,617$214,032,206
99$239,860,373$29,522,689$14,934,055$235,558,882
100$264,192,196$30,835,365$15,300,411$259,270,619