Can I retire at age 60 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$454,185$450,139$446,192$442,340$438,578$436,546
2 years$224,844$220,656$216,598$212,663$208,847$206,796
3 years$148,407$144,201$140,153$136,255$132,501$130,495
4 years$110,196$106,003$101,996$98,164$94,501$92,554
5 years$87,275$83,108$79,153$75,400$71,838$69,957
6 years$72,000$67,864$63,967$60,298$56,843$55,030
7 years$61,093$56,992$53,157$49,574$46,229$44,485
8 years$52,917$48,853$45,081$41,586$38,351$36,676
9 years$46,561$42,535$38,829$35,422$32,297$30,691
10 years$41,479$37,493$33,852$30,534$27,519$25,981
11 years$37,324$33,377$29,802$26,574$23,667$22,196
12 years$33,864$29,958$26,449$23,309$20,509$19,104
13 years$30,938$27,073$23,630$20,578$17,885$16,544
14 years$28,433$24,609$21,232$18,267$15,677$14,400
15 years$26,263$22,480$19,170$16,291$13,804$12,587
16 years$24,367$20,625$17,380$14,587$12,200$11,043
17 years$22,696$18,995$15,815$13,106$10,817$9,718
18 years$21,211$17,552$14,437$11,811$9,618$8,576
19 years$19,885$16,267$13,217$10,673$8,573$7,585
20 years$18,693$15,116$12,130$9,666$7,657$6,722
21 years$17,615$14,080$11,157$8,773$6,853$5,968
22 years$16,637$13,144$10,283$7,976$6,142$5,306
23 years$15,746$12,293$9,494$7,264$5,514$4,724
24 years$14,930$11,518$8,781$6,625$4,956$4,211
25 years$14,180$10,809$8,133$6,051$4,459$3,758
26 years$13,489$10,158$7,543$5,532$4,017$3,356
27 years$12,850$9,560$7,004$5,064$3,622$3,000
28 years$12,258$9,009$6,511$4,640$3,268$2,684
29 years$11,708$8,499$6,059$4,255$2,951$2,402
30 years$11,196$8,026$5,644$3,905$2,666$2,152
31 years$10,717$7,587$5,262$3,586$2,411$1,928
32 years$10,269$7,179$4,909$3,296$2,180$1,729
33 years$9,850$6,799$4,584$3,031$1,973$1,550
34 years$9,456$6,444$4,283$2,789$1,787$1,391
35 years$9,085$6,112$4,004$2,567$1,618$1,249
36 years$8,735$5,801$3,746$2,364$1,466$1,121
37 years$8,405$5,510$3,506$2,178$1,329$1,007
38 years$8,094$5,236$3,283$2,008$1,205$904
39 years$7,799$4,979$3,076$1,851$1,092$812
40 years$7,519$4,737$2,883$1,708$991$730
41 years$7,254$4,509$2,703$1,575$899$656
42 years$7,002$4,294$2,536$1,454$816$590
43 years$6,763$4,092$2,380$1,342$740$530
44 years$6,535$3,900$2,234$1,239$672$477
45 years$6,318$3,719$2,097$1,144$610$429
46 years$6,110$3,548$1,970$1,057$554$385
47 years$5,913$3,386$1,851$977$503$347
48 years$5,724$3,232$1,739$902$457$312
49 years$5,543$3,087$1,635$834$415$280
50 years$5,370$2,949$1,537$771$377$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,500,000, adding $2,715 every year, while hoping to spend $46,333 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: 60/19/21 Blend
59$5,500,000$5,500,000$5,500,000$5,500,000
60$6,063,801$5,772,301$5,687,051$6,393,934
61$6,633,010$6,005,845$5,828,269$6,851,533
62$7,258,726$6,249,281$5,972,665$7,345,235
63$7,946,664$6,503,043$6,120,297$7,882,842
64$8,703,119$6,767,587$6,271,222$8,468,620
65$9,535,028$7,043,390$6,425,498$9,107,264
66$10,450,033$7,330,949$6,583,185$9,803,939
67$11,456,556$7,630,785$6,744,341$10,564,329
68$12,563,874$7,943,442$6,909,026$11,394,691
69$13,782,208$8,269,490$7,077,298$12,301,909
70$15,122,823$8,609,525$7,249,217$13,293,562
71$16,598,127$8,964,168$7,424,842$14,377,994
72$18,221,795$9,334,071$7,604,233$15,564,387
73$20,008,893$9,719,915$7,787,450$16,862,852
74$21,976,022$10,122,413$7,974,551$18,284,522
75$24,141,474$10,542,308$8,165,596$19,841,651
76$26,525,405$10,980,382$8,360,644$21,547,737
77$29,150,024$11,437,448$8,559,753$23,417,638
78$32,039,803$11,914,360$8,762,982$25,467,719
79$35,221,709$12,412,010$8,970,388$27,716,001
80$38,725,456$12,931,331$9,182,028$30,182,327
81$42,583,785$13,473,299$9,397,959$32,888,556
82$46,832,776$14,038,936$9,618,236$35,858,758
83$51,512,186$14,629,311$9,842,913$39,119,446
84$56,665,824$15,245,542$10,072,046$42,699,820
85$62,341,964$15,888,799$10,305,685$46,632,044
86$68,593,801$16,560,307$10,543,882$50,951,548
87$75,479,953$17,261,346$10,786,687$55,697,355
88$83,065,015$17,993,259$11,034,147$60,912,452
89$91,420,166$18,757,448$11,286,310$66,644,195
90$100,623,841$19,555,381$11,543,220$72,944,746
91$110,762,474$20,388,596$11,804,919$79,871,572
92$121,931,310$21,258,701$12,071,448$87,487,979
93$134,235,306$22,167,380$12,342,844$95,863,707
94$147,790,120$23,116,394$12,619,142$105,075,589
95$162,723,203$24,107,589$12,900,374$115,208,272
96$179,175,004$25,142,894$13,186,571$126,355,009
97$197,300,290$26,224,332$13,477,757$138,618,544
98$217,269,613$27,354,018$13,773,955$152,112,071
99$239,270,915$28,534,166$14,075,183$166,960,303
100$263,511,303$29,767,094$14,381,457$183,300,647