Can I retire at age 60 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$462,443$458,324$454,305$450,382$446,552$431,567
2 years$228,932$224,668$220,536$216,530$212,644$197,694
3 years$151,105$146,823$142,702$138,733$134,910$120,466
4 years$112,200$107,931$103,850$99,949$96,219$82,390
5 years$88,862$84,619$80,592$76,771$73,144$59,968
6 years$73,309$69,098$65,130$61,394$57,876$45,363
7 years$62,204$58,028$54,124$50,475$47,069$35,217
8 years$53,879$49,741$45,901$42,343$39,048$27,848
9 years$47,408$43,308$39,535$36,066$32,884$22,323
10 years$42,233$38,174$34,467$31,090$28,019$18,079
11 years$38,003$33,984$30,344$27,057$24,097$14,760
12 years$34,480$30,502$26,930$23,733$20,882$12,126
13 years$31,501$27,565$24,060$20,953$18,210$10,012
14 years$28,950$25,056$21,618$18,599$15,963$8,301
15 years$26,741$22,889$19,518$16,587$14,055$6,904
16 years$24,810$21,000$17,696$14,852$12,422$5,758
17 years$23,108$19,341$16,103$13,345$11,014$4,813
18 years$21,597$17,872$14,700$12,026$9,793$4,031
19 years$20,247$16,563$13,457$10,867$8,729$3,381
20 years$19,033$15,391$12,350$9,842$7,797$2,839
21 years$17,936$14,336$11,360$8,932$6,977$2,386
22 years$16,940$13,383$10,470$8,121$6,254$2,008
23 years$16,032$12,516$9,667$7,396$5,614$1,691
24 years$15,201$11,727$8,940$6,746$5,046$1,424
25 years$14,438$11,005$8,280$6,161$4,541$1,201
26 years$13,734$10,343$7,680$5,633$4,090$1,013
27 years$13,084$9,734$7,131$5,156$3,687$854
28 years$12,481$9,172$6,629$4,724$3,327$721
29 years$11,921$8,653$6,169$4,332$3,004$609
30 years$11,399$8,172$5,746$3,976$2,715$514
31 years$10,912$7,725$5,357$3,651$2,454$434
32 years$10,456$7,310$4,998$3,356$2,220$366
33 years$10,029$6,922$4,667$3,086$2,009$310
34 years$9,627$6,561$4,361$2,839$1,819$261
35 years$9,250$6,223$4,077$2,614$1,648$221
36 years$8,894$5,906$3,814$2,407$1,493$187
37 years$8,558$5,610$3,570$2,218$1,353$158
38 years$8,241$5,331$3,343$2,044$1,227$133
39 years$7,941$5,069$3,132$1,885$1,112$113
40 years$7,656$4,823$2,936$1,739$1,009$95
41 years$7,386$4,591$2,753$1,604$915$80
42 years$7,130$4,372$2,582$1,480$831$68
43 years$6,886$4,166$2,423$1,367$754$57
44 years$6,654$3,971$2,274$1,262$684$49
45 years$6,432$3,787$2,135$1,165$621$41
46 years$6,221$3,613$2,006$1,076$564$35
47 years$6,020$3,447$1,884$994$512$29
48 years$5,828$3,291$1,771$919$465$25
49 years$5,644$3,143$1,664$849$422$21
50 years$5,468$3,002$1,565$785$384$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,600,000, adding $4,020 every year, while hoping to spend $41,414 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: 54/22/24 Blend
59$5,600,000$5,600,000$5,600,000$5,600,000
60$6,175,347$5,878,547$5,791,747$6,467,755
61$6,761,168$6,122,531$5,941,706$6,913,431
62$7,405,355$6,377,083$6,095,301$7,393,719
63$8,113,817$6,642,676$6,252,610$7,915,729
64$8,893,066$6,919,807$6,413,711$8,483,469
65$9,750,274$7,208,993$6,578,686$9,101,348
66$10,693,347$7,510,778$6,747,617$9,774,215
67$11,730,992$7,825,730$6,920,586$10,507,405
68$12,872,804$8,154,442$7,097,677$11,306,784
69$14,129,358$8,497,537$7,278,976$12,178,810
70$15,512,300$8,855,665$7,464,570$13,130,587
71$17,034,468$9,229,506$7,654,547$14,169,931
72$18,710,005$9,619,772$7,848,995$15,305,446
73$20,554,494$10,027,209$8,048,004$16,546,599
74$22,585,106$10,452,597$8,251,667$17,903,812
75$24,820,764$10,896,751$8,460,075$19,388,557
76$27,282,317$11,360,527$8,673,322$21,013,459
77$29,992,737$11,844,817$8,891,502$22,792,422
78$32,977,341$12,350,557$9,114,712$24,740,748
79$36,264,022$12,878,727$9,343,048$26,875,287
80$39,883,519$13,430,352$9,576,607$29,214,593
81$43,869,703$14,006,504$9,815,488$31,779,093
82$48,259,897$14,608,306$10,059,791$34,591,280
83$53,095,228$15,236,935$10,309,615$37,675,927
84$58,421,017$15,893,620$10,565,063$41,060,312
85$64,287,203$16,579,650$10,826,235$44,774,475
86$70,748,819$17,296,374$11,093,235$48,851,501
87$77,866,506$18,045,204$11,366,166$53,327,830
88$85,707,088$18,827,617$11,645,131$58,243,593
89$94,344,202$19,645,162$11,930,234$63,642,994
90$103,858,995$20,499,459$12,221,581$69,574,721
91$114,340,884$21,392,204$12,519,276$76,092,404
92$125,888,406$22,325,174$12,823,424$83,255,115
93$138,610,146$23,300,230$13,134,131$91,127,928
94$152,625,758$24,319,319$13,451,501$99,782,521
95$168,067,101$25,384,480$13,775,642$109,297,858
96$185,079,475$26,497,850$14,106,656$119,760,925
97$203,823,003$27,661,666$14,444,650$131,267,548
98$224,474,130$28,878,269$14,789,727$143,923,295
99$247,227,300$30,150,113$15,141,992$157,844,466
100$272,296,783$31,479,767$15,501,547$173,159,189