Can I retire at age 60 with 5,700,000?

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 $5,700,000?

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$470,701$466,508$462,417$458,425$454,526$448,846
2 years$233,020$228,680$224,474$220,396$216,441$210,726
3 years$153,804$149,445$145,250$141,210$137,319$131,746
4 years$114,203$109,858$105,705$101,734$97,937$92,549
5 years$90,449$86,130$82,031$78,141$74,450$69,264
6 years$74,618$70,332$66,293$62,490$58,910$53,930
7 years$63,315$59,064$55,090$51,377$47,910$43,139
8 years$54,841$50,629$46,721$43,099$39,746$35,184
9 years$48,254$44,082$40,241$36,711$33,472$29,116
10 years$42,987$38,856$35,083$31,645$28,519$24,368
11 years$38,681$34,591$30,886$27,540$24,528$20,576
12 years$35,095$31,047$27,411$24,157$21,255$17,499
13 years$32,063$28,058$24,490$21,327$18,535$14,969
14 years$29,467$25,504$22,004$18,931$16,248$12,867
15 years$27,218$23,298$19,867$16,884$14,306$11,105
16 years$25,253$21,375$18,012$15,117$12,643$9,617
17 years$23,521$19,686$16,390$13,583$11,210$8,352
18 years$21,983$18,191$14,962$12,241$9,968$7,272
19 years$20,608$16,859$13,697$11,061$8,885$6,344
20 years$19,372$15,666$12,571$10,018$7,936$5,545
21 years$18,256$14,592$11,563$9,092$7,102$4,854
22 years$17,242$13,621$10,657$8,266$6,366$4,255
23 years$16,318$12,740$9,840$7,528$5,714$3,734
24 years$15,472$11,936$9,100$6,866$5,136$3,280
25 years$14,695$11,202$8,428$6,271$4,622$2,884
26 years$13,979$10,528$7,817$5,734$4,163$2,538
27 years$13,318$9,908$7,259$5,248$3,753$2,235
28 years$12,704$9,336$6,748$4,808$3,387$1,969
29 years$12,134$8,808$6,279$4,409$3,058$1,736
30 years$11,603$8,318$5,849$4,047$2,763$1,531
31 years$11,107$7,863$5,453$3,717$2,498$1,351
32 years$10,643$7,440$5,088$3,416$2,260$1,192
33 years$10,208$7,046$4,750$3,141$2,045$1,052
34 years$9,799$6,678$4,438$2,890$1,852$929
35 years$9,415$6,334$4,150$2,660$1,677$821
36 years$9,053$6,012$3,882$2,450$1,520$725
37 years$8,711$5,710$3,633$2,257$1,377$641
38 years$8,388$5,426$3,403$2,081$1,249$567
39 years$8,082$5,160$3,188$1,919$1,132$501
40 years$7,793$4,909$2,988$1,770$1,027$443
41 years$7,518$4,673$2,802$1,633$932$391
42 years$7,257$4,451$2,628$1,507$845$346
43 years$7,009$4,241$2,466$1,391$767$306
44 years$6,772$4,042$2,315$1,284$696$271
45 years$6,547$3,855$2,174$1,186$632$239
46 years$6,333$3,677$2,042$1,096$574$212
47 years$6,128$3,509$1,918$1,012$521$187
48 years$5,932$3,350$1,802$935$473$166
49 years$5,744$3,199$1,694$864$430$147
50 years$5,565$3,056$1,593$799$391$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,700,000, adding $2,542 every year, while hoping to spend $40,327 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: 73/20/7 Blend
59$5,700,000$5,700,000$5,700,000$5,700,000
60$6,284,022$5,981,922$5,893,572$6,736,395
61$6,882,085$6,232,129$6,048,099$7,285,128
62$7,539,798$6,493,244$6,206,451$7,880,587
63$8,263,204$6,765,759$6,368,714$8,531,572
64$9,058,960$7,050,190$6,534,974$9,243,552
65$9,934,399$7,347,075$6,705,321$10,022,546
66$10,897,602$7,656,976$6,879,845$10,875,180
67$11,957,475$7,980,485$7,058,636$11,808,749
68$13,123,826$8,318,217$7,241,789$12,831,279
69$14,407,465$8,670,819$7,429,399$13,951,610
70$15,820,304$9,038,967$7,621,561$15,179,471
71$17,375,465$9,423,367$7,818,373$16,525,577
72$19,087,410$9,824,759$8,019,936$18,001,722
73$20,972,072$10,243,918$8,226,350$19,620,894
74$23,047,009$10,681,656$8,437,718$21,397,396
75$25,331,567$11,138,819$8,654,145$23,346,977
76$27,847,063$11,616,298$8,875,735$25,486,979
77$30,616,987$12,115,020$9,102,595$27,836,503
78$33,667,223$12,635,960$9,334,836$30,416,583
79$37,026,294$13,180,136$9,572,567$33,250,387
80$40,725,628$13,748,615$9,815,900$36,363,428
81$44,799,857$14,342,512$10,064,948$39,783,811
82$49,287,145$14,962,997$10,319,826$43,542,489
83$54,229,544$15,611,294$10,580,650$47,673,557
84$59,673,393$16,288,683$10,847,538$52,214,572
85$65,669,756$16,996,506$11,120,608$57,206,902
86$72,274,904$17,736,167$11,399,980$62,696,117
87$79,550,842$18,509,137$11,685,777$68,732,417
88$87,565,898$19,316,955$11,978,121$75,371,102
89$96,395,367$20,161,234$12,277,136$82,673,089
90$106,122,221$21,043,661$12,582,947$90,705,490
91$116,837,892$21,966,005$12,895,680$99,542,239
92$128,643,135$22,930,116$13,215,463$109,264,786
93$141,648,977$23,937,934$13,542,423$119,962,866
94$155,977,768$24,991,489$13,876,690$131,735,340
95$171,764,335$26,092,907$14,218,394$144,691,125
96$189,157,252$27,244,414$14,567,665$158,950,222
97$208,320,245$28,448,344$14,924,635$174,644,839
98$229,433,735$29,707,137$15,289,435$191,920,641
99$252,696,544$31,023,354$15,662,199$210,938,118
100$278,327,766$32,399,674$16,043,057$231,874,097