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%12.9%
1 years$454,185$450,139$446,192$442,340$438,578$433,277
2 years$224,844$220,656$216,598$212,663$208,847$203,512
3 years$148,407$144,201$140,153$136,255$132,501$127,298
4 years$110,196$106,003$101,996$98,164$94,501$89,470
5 years$87,275$83,108$79,153$75,400$71,838$66,994
6 years$72,000$67,864$63,967$60,298$56,843$52,191
7 years$61,093$56,992$53,157$49,574$46,229$41,771
8 years$52,917$48,853$45,081$41,586$38,351$34,088
9 years$46,561$42,535$38,829$35,422$32,297$28,226
10 years$41,479$37,493$33,852$30,534$27,519$23,637
11 years$37,324$33,377$29,802$26,574$23,667$19,971
12 years$33,864$29,958$26,449$23,309$20,509$16,995
13 years$30,938$27,073$23,630$20,578$17,885$14,548
14 years$28,433$24,609$21,232$18,267$15,677$12,514
15 years$26,263$22,480$19,170$16,291$13,804$10,807
16 years$24,367$20,625$17,380$14,587$12,200$9,366
17 years$22,696$18,995$15,815$13,106$10,817$8,140
18 years$21,211$17,552$14,437$11,811$9,618$7,092
19 years$19,885$16,267$13,217$10,673$8,573$6,192
20 years$18,693$15,116$12,130$9,666$7,657$5,416
21 years$17,615$14,080$11,157$8,773$6,853$4,744
22 years$16,637$13,144$10,283$7,976$6,142$4,162
23 years$15,746$12,293$9,494$7,264$5,514$3,655
24 years$14,930$11,518$8,781$6,625$4,956$3,214
25 years$14,180$10,809$8,133$6,051$4,459$2,828
26 years$13,489$10,158$7,543$5,532$4,017$2,490
27 years$12,850$9,560$7,004$5,064$3,622$2,195
28 years$12,258$9,009$6,511$4,640$3,268$1,935
29 years$11,708$8,499$6,059$4,255$2,951$1,707
30 years$11,196$8,026$5,644$3,905$2,666$1,507
31 years$10,717$7,587$5,262$3,586$2,411$1,331
32 years$10,269$7,179$4,909$3,296$2,180$1,175
33 years$9,850$6,799$4,584$3,031$1,973$1,039
34 years$9,456$6,444$4,283$2,789$1,787$918
35 years$9,085$6,112$4,004$2,567$1,618$812
36 years$8,735$5,801$3,746$2,364$1,466$718
37 years$8,405$5,510$3,506$2,178$1,329$635
38 years$8,094$5,236$3,283$2,008$1,205$561
39 years$7,799$4,979$3,076$1,851$1,092$497
40 years$7,519$4,737$2,883$1,708$991$440
41 years$7,254$4,509$2,703$1,575$899$389
42 years$7,002$4,294$2,536$1,454$816$344
43 years$6,763$4,092$2,380$1,342$740$305
44 years$6,535$3,900$2,234$1,239$672$270
45 years$6,318$3,719$2,097$1,144$610$239
46 years$6,110$3,548$1,970$1,057$554$211
47 years$5,913$3,386$1,851$977$503$187
48 years$5,724$3,232$1,739$902$457$166
49 years$5,543$3,087$1,635$834$415$147
50 years$5,370$2,949$1,537$771$377$130

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 $4,932 every year, while hoping to spend $40,520 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: 70/24/6 Blend
59$5,500,000$5,500,000$5,500,000$5,500,000
60$6,066,087$5,774,587$5,689,337$6,485,552
61$6,641,715$6,014,429$5,836,817$7,003,225
62$7,274,699$6,264,665$5,987,880$7,563,991
63$7,970,847$6,525,762$6,142,602$8,176,447
64$8,736,556$6,798,207$6,301,062$8,845,655
65$9,578,878$7,082,512$6,463,340$9,577,188
66$10,505,578$7,379,211$6,629,517$10,377,178
67$11,525,217$7,688,861$6,799,676$11,252,371
68$12,647,223$8,012,049$6,973,898$12,210,195
69$13,881,986$8,349,386$7,152,270$13,258,823
70$15,240,954$8,701,511$7,334,877$14,407,254
71$16,736,742$9,069,096$7,521,806$15,665,392
72$18,383,248$9,452,840$7,713,145$17,044,141
73$20,195,787$9,853,478$7,908,984$18,555,506
74$22,191,236$10,271,776$8,109,413$20,212,702
75$24,388,187$10,708,539$8,314,523$22,030,281
76$26,807,131$11,164,606$8,524,409$24,024,268
77$29,470,645$11,640,859$8,739,163$26,212,305
78$32,403,607$12,138,217$8,958,881$28,613,821
79$35,633,430$12,657,644$9,183,659$31,250,212
80$39,190,322$13,200,150$9,413,593$34,145,040
81$43,107,568$13,766,791$9,648,782$37,324,254
82$47,421,848$14,358,673$9,889,325$40,816,433
83$52,173,580$14,976,951$10,135,320$44,653,053
84$57,407,302$15,622,838$10,386,870$48,868,782
85$63,172,092$16,297,603$10,644,076$53,501,805
86$69,522,032$17,002,572$10,907,039$58,594,182
87$76,516,717$17,739,135$11,175,862$64,192,240
88$84,221,818$18,508,749$11,450,649$70,347,011
89$92,709,702$19,312,936$11,731,505$77,114,710
90$102,060,114$20,153,292$12,018,532$84,557,260
91$112,360,929$21,031,487$12,311,837$92,742,875
92$123,708,984$21,949,270$12,611,523$101,746,703
93$136,210,989$22,908,472$12,917,698$111,651,527
94$149,984,534$23,911,012$13,230,465$122,548,546
95$165,159,202$24,958,897$13,549,931$134,538,232
96$181,877,788$26,054,230$13,876,201$147,731,274
97$200,297,648$27,199,213$14,209,379$162,249,618
98$220,592,186$28,396,153$14,549,572$178,227,615
99$242,952,489$29,647,464$14,896,882$195,813,284
100$267,589,130$30,955,676$15,251,414$215,169,704