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%13%
1 years$454,185$450,139$446,192$442,340$438,578$433,097
2 years$224,844$220,656$216,598$212,663$208,847$203,332
3 years$148,407$144,201$140,153$136,255$132,501$127,124
4 years$110,196$106,003$101,996$98,164$94,501$89,302
5 years$87,275$83,108$79,153$75,400$71,838$66,833
6 years$72,000$67,864$63,967$60,298$56,843$52,038
7 years$61,093$56,992$53,157$49,574$46,229$41,625
8 years$52,917$48,853$45,081$41,586$38,351$33,949
9 years$46,561$42,535$38,829$35,422$32,297$28,095
10 years$41,479$37,493$33,852$30,534$27,519$23,513
11 years$37,324$33,377$29,802$26,574$23,667$19,854
12 years$33,864$29,958$26,449$23,309$20,509$16,885
13 years$30,938$27,073$23,630$20,578$17,885$14,444
14 years$28,433$24,609$21,232$18,267$15,677$12,416
15 years$26,263$22,480$19,170$16,291$13,804$10,716
16 years$24,367$20,625$17,380$14,587$12,200$9,280
17 years$22,696$18,995$15,815$13,106$10,817$8,059
18 years$21,211$17,552$14,437$11,811$9,618$7,017
19 years$19,885$16,267$13,217$10,673$8,573$6,122
20 years$18,693$15,116$12,130$9,666$7,657$5,350
21 years$17,615$14,080$11,157$8,773$6,853$4,684
22 years$16,637$13,144$10,283$7,976$6,142$4,106
23 years$15,746$12,293$9,494$7,264$5,514$3,603
24 years$14,930$11,518$8,781$6,625$4,956$3,165
25 years$14,180$10,809$8,133$6,051$4,459$2,783
26 years$13,489$10,158$7,543$5,532$4,017$2,449
27 years$12,850$9,560$7,004$5,064$3,622$2,156
28 years$12,258$9,009$6,511$4,640$3,268$1,900
29 years$11,708$8,499$6,059$4,255$2,951$1,675
30 years$11,196$8,026$5,644$3,905$2,666$1,477
31 years$10,717$7,587$5,262$3,586$2,411$1,303
32 years$10,269$7,179$4,909$3,296$2,180$1,150
33 years$9,850$6,799$4,584$3,031$1,973$1,016
34 years$9,456$6,444$4,283$2,789$1,787$897
35 years$9,085$6,112$4,004$2,567$1,618$792
36 years$8,735$5,801$3,746$2,364$1,466$700
37 years$8,405$5,510$3,506$2,178$1,329$619
38 years$8,094$5,236$3,283$2,008$1,205$547
39 years$7,799$4,979$3,076$1,851$1,092$483
40 years$7,519$4,737$2,883$1,708$991$427
41 years$7,254$4,509$2,703$1,575$899$378
42 years$7,002$4,294$2,536$1,454$816$334
43 years$6,763$4,092$2,380$1,342$740$295
44 years$6,535$3,900$2,234$1,239$672$261
45 years$6,318$3,719$2,097$1,144$610$231
46 years$6,110$3,548$1,970$1,057$554$204
47 years$5,913$3,386$1,851$977$503$181
48 years$5,724$3,232$1,739$902$457$160
49 years$5,543$3,087$1,635$834$415$142
50 years$5,370$2,949$1,537$771$377$125

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 $6,405 every year, while hoping to spend $47,114 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: 53/35/12 Blend
59$5,500,000$5,500,000$5,500,000$5,500,000
60$6,067,607$5,776,107$5,690,857$6,369,827
61$6,636,374$6,009,007$5,831,372$6,809,225
62$7,261,576$6,251,740$5,975,014$7,281,434
63$7,948,920$6,504,739$6,121,841$7,794,104
64$8,704,693$6,768,454$6,271,905$8,351,081
65$9,535,821$7,043,359$6,425,264$8,956,592
66$10,449,938$7,329,946$6,581,973$9,615,280
67$11,455,450$7,628,731$6,742,088$10,332,255
68$12,561,622$7,940,256$6,905,664$11,113,132
69$13,778,662$8,265,083$7,072,758$11,964,087
70$15,117,817$8,603,803$7,243,427$12,891,913
71$16,591,477$8,957,032$7,417,725$13,904,081
72$18,213,298$9,325,417$7,595,709$15,008,810
73$19,998,323$9,709,632$7,777,434$16,215,141
74$21,963,130$10,110,382$7,962,956$17,533,022
75$24,125,985$10,528,405$8,152,330$18,973,400
76$26,507,012$10,964,474$8,345,610$20,548,320
77$29,128,390$11,419,396$8,542,851$22,271,038
78$32,014,555$11,894,016$8,744,106$24,156,142
79$35,192,434$12,389,216$8,949,427$26,219,692
80$38,691,696$12,905,922$9,158,867$28,479,362
81$42,545,037$13,445,100$9,372,477$30,954,610
82$46,788,482$14,007,762$9,590,306$33,666,854
83$51,461,730$14,594,965$9,812,405$36,639,675
84$56,608,526$15,207,817$10,038,819$39,899,036
85$62,277,072$15,847,476$10,269,596$43,473,521
86$68,520,485$16,515,155$10,504,779$47,394,605
87$75,397,298$17,212,121$10,744,413$51,696,945
88$82,972,010$17,939,702$10,988,538$56,418,704
89$91,315,693$18,699,286$11,237,193$61,601,910
90$100,506,670$19,492,327$11,490,414$67,292,845
91$110,631,244$20,320,345$11,748,237$73,542,478
92$121,784,522$21,184,932$12,010,694$80,406,945
93$134,071,303$22,087,754$12,277,812$87,948,073
94$147,607,076$23,030,554$12,549,619$96,233,955
95$162,519,104$24,015,158$12,826,138$105,339,596
96$178,947,626$25,043,474$13,107,387$115,347,606
97$197,047,182$26,117,502$13,393,382$126,348,983
98$216,988,070$27,239,335$13,684,136$138,443,961
99$238,957,954$28,411,163$13,979,655$151,742,953
100$263,163,635$29,635,280$14,279,943$166,367,585