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%12.6%
1 years$462,443$458,324$454,305$450,382$446,552$441,705
2 years$228,932$224,668$220,536$216,530$212,644$207,763
3 years$151,105$146,823$142,702$138,733$134,910$130,148
4 years$112,200$107,931$103,850$99,949$96,219$91,611
5 years$88,862$84,619$80,592$76,771$73,144$68,705
6 years$73,309$69,098$65,130$61,394$57,876$53,611
7 years$62,204$58,028$54,124$50,475$47,069$42,979
8 years$53,879$49,741$45,901$42,343$39,048$35,134
9 years$47,408$43,308$39,535$36,066$32,884$29,143
10 years$42,233$38,174$34,467$31,090$28,019$24,450
11 years$38,003$33,984$30,344$27,057$24,097$20,696
12 years$34,480$30,502$26,930$23,733$20,882$17,646
13 years$31,501$27,565$24,060$20,953$18,210$15,135
14 years$28,950$25,056$21,618$18,599$15,963$13,044
15 years$26,741$22,889$19,518$16,587$14,055$11,288
16 years$24,810$21,000$17,696$14,852$12,422$9,803
17 years$23,108$19,341$16,103$13,345$11,014$8,537
18 years$21,597$17,872$14,700$12,026$9,793$7,454
19 years$20,247$16,563$13,457$10,867$8,729$6,522
20 years$19,033$15,391$12,350$9,842$7,797$5,717
21 years$17,936$14,336$11,360$8,932$6,977$5,020
22 years$16,940$13,383$10,470$8,121$6,254$4,414
23 years$16,032$12,516$9,667$7,396$5,614$3,885
24 years$15,201$11,727$8,940$6,746$5,046$3,424
25 years$14,438$11,005$8,280$6,161$4,541$3,020
26 years$13,734$10,343$7,680$5,633$4,090$2,666
27 years$13,084$9,734$7,131$5,156$3,687$2,355
28 years$12,481$9,172$6,629$4,724$3,327$2,081
29 years$11,921$8,653$6,169$4,332$3,004$1,841
30 years$11,399$8,172$5,746$3,976$2,715$1,629
31 years$10,912$7,725$5,357$3,651$2,454$1,442
32 years$10,456$7,310$4,998$3,356$2,220$1,277
33 years$10,029$6,922$4,667$3,086$2,009$1,131
34 years$9,627$6,561$4,361$2,839$1,819$1,002
35 years$9,250$6,223$4,077$2,614$1,648$888
36 years$8,894$5,906$3,814$2,407$1,493$787
37 years$8,558$5,610$3,570$2,218$1,353$698
38 years$8,241$5,331$3,343$2,044$1,227$619
39 years$7,941$5,069$3,132$1,885$1,112$549
40 years$7,656$4,823$2,936$1,739$1,009$487
41 years$7,386$4,591$2,753$1,604$915$432
42 years$7,130$4,372$2,582$1,480$831$384
43 years$6,886$4,166$2,423$1,367$754$340
44 years$6,654$3,971$2,274$1,262$684$302
45 years$6,432$3,787$2,135$1,165$621$268
46 years$6,221$3,613$2,006$1,076$564$238
47 years$6,020$3,447$1,884$994$512$211
48 years$5,828$3,291$1,771$919$465$188
49 years$5,644$3,143$1,664$849$422$167
50 years$5,468$3,002$1,565$785$384$148

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 $6,957 every year, while hoping to spend $53,325 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: 75/11/14 Blend
59$5,600,000$5,600,000$5,600,000$5,600,000
60$6,178,376$5,881,576$5,794,776$6,622,928
61$6,751,833$6,113,036$5,932,164$7,149,010
62$7,381,995$6,354,050$6,072,367$7,718,091
63$8,074,591$6,605,030$6,215,423$8,340,340
64$8,835,929$6,866,407$6,361,370$9,021,028
65$9,672,963$7,138,630$6,510,244$9,765,959
66$10,593,351$7,422,168$6,662,083$10,581,521
67$11,605,531$7,717,513$6,816,921$11,474,752
68$12,718,801$8,025,177$6,974,794$12,453,400
69$13,943,404$8,345,696$7,135,735$13,525,998
70$15,290,625$8,679,629$7,299,776$14,701,943
71$16,772,901$9,027,563$7,466,951$15,991,585
72$18,403,932$9,390,109$7,637,288$17,406,323
73$20,198,814$9,767,905$7,810,819$18,958,713
74$22,174,181$10,161,620$7,987,569$20,662,583
75$24,348,361$10,571,953$8,167,566$22,533,166
76$26,741,548$10,999,633$8,350,833$24,587,241
77$29,375,994$11,445,423$8,537,395$26,843,290
78$32,276,218$11,910,122$8,727,270$29,321,675
79$35,469,237$12,394,562$8,920,479$32,044,822
80$38,984,821$12,899,617$9,117,036$35,037,440
81$42,855,772$13,426,198$9,316,956$38,326,749
82$47,118,237$13,975,258$9,520,251$41,942,735
83$51,812,046$14,547,794$9,726,928$45,918,434
84$56,981,087$15,144,849$9,936,992$50,290,241
85$62,673,723$15,767,512$10,150,447$55,098,254
86$68,943,246$16,416,923$10,367,290$60,386,651
87$75,848,379$17,094,274$10,587,516$66,204,104
88$83,453,833$17,800,813$10,811,117$72,604,238
89$91,830,914$18,537,843$11,038,080$79,646,139
90$101,058,199$19,306,729$11,268,387$87,394,903
91$111,222,273$20,108,896$11,502,016$95,922,256
92$122,418,551$20,945,838$11,738,939$105,307,228
93$134,752,175$21,819,116$11,979,126$115,636,893
94$148,339,007$22,730,363$12,222,537$127,007,195
95$163,306,723$23,681,288$12,469,128$139,523,849
96$179,796,015$24,673,677$12,718,851$153,303,337
97$197,961,923$25,709,402$12,971,647$168,474,008
98$217,975,295$26,790,419$13,227,453$185,177,284
99$240,024,401$27,918,776$13,486,199$203,568,996
100$264,316,708$29,096,614$13,747,805$223,820,853