Can I retire at age 60 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$478,959$474,692$470,530$466,467$462,500$459,971
2 years$237,108$232,692$228,413$224,263$220,238$217,686
3 years$156,502$152,067$147,798$143,688$139,728$137,232
4 years$116,207$111,785$107,559$103,519$99,655$97,235
5 years$92,036$87,641$83,470$79,512$75,756$73,418
6 years$75,927$71,566$67,456$63,587$59,943$57,691
7 years$64,426$60,101$56,057$52,278$48,750$46,584
8 years$55,803$51,517$47,540$43,855$40,443$38,364
9 years$49,101$44,855$40,947$37,355$34,059$32,066
10 years$43,742$39,538$35,698$32,200$29,020$27,112
11 years$39,360$35,198$31,428$28,024$24,958$23,134
12 years$35,711$31,592$27,892$24,580$21,628$19,887
13 years$32,626$28,550$24,919$21,701$18,860$17,200
14 years$29,984$25,951$22,390$19,264$16,533$14,951
15 years$27,696$23,707$20,215$17,180$14,557$13,052
16 years$25,696$21,750$18,328$15,383$12,865$11,435
17 years$23,933$20,031$16,678$13,821$11,407$10,050
18 years$22,368$18,510$15,225$12,456$10,143$8,856
19 years$20,970$17,155$13,938$11,255$9,040$7,821
20 years$19,712$15,941$12,791$10,193$8,075$6,921
21 years$18,576$14,848$11,765$9,251$7,226$6,136
22 years$17,545$13,860$10,844$8,411$6,477$5,448
23 years$16,605$12,963$10,012$7,660$5,814$4,843
24 years$15,744$12,146$9,260$6,987$5,226$4,310
25 years$14,953$11,398$8,576$6,381$4,703$3,841
26 years$14,225$10,713$7,954$5,834$4,236$3,425
27 years$13,551$10,082$7,386$5,340$3,819$3,057
28 years$12,927$9,500$6,866$4,893$3,446$2,730
29 years$12,347$8,962$6,390$4,487$3,112$2,440
30 years$11,806$8,464$5,952$4,118$2,812$2,182
31 years$11,302$8,001$5,549$3,782$2,542$1,952
32 years$10,830$7,571$5,177$3,476$2,299$1,747
33 years$10,387$7,170$4,834$3,196$2,081$1,564
34 years$9,971$6,795$4,516$2,941$1,884$1,401
35 years$9,580$6,445$4,222$2,707$1,706$1,256
36 years$9,212$6,117$3,950$2,493$1,546$1,125
37 years$8,864$5,810$3,697$2,297$1,401$1,009
38 years$8,535$5,522$3,462$2,117$1,270$905
39 years$8,224$5,250$3,244$1,952$1,152$811
40 years$7,930$4,995$3,040$1,801$1,045$728
41 years$7,650$4,755$2,851$1,661$948$653
42 years$7,384$4,529$2,674$1,533$860$586
43 years$7,132$4,315$2,509$1,415$781$526
44 years$6,891$4,113$2,355$1,307$709$472
45 years$6,662$3,922$2,212$1,207$643$424
46 years$6,444$3,742$2,077$1,115$584$380
47 years$6,235$3,571$1,952$1,030$530$341
48 years$6,036$3,409$1,834$952$482$307
49 years$5,845$3,255$1,724$880$437$275
50 years$5,663$3,109$1,621$813$397$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,800,000, adding $3,137 every year, while hoping to spend $57,242 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: 62/16/22 Blend
59$5,800,000$5,800,000$5,800,000$5,800,000
60$6,394,836$6,087,436$5,997,536$6,754,329
61$6,986,204$6,324,815$6,137,548$7,235,083
62$7,635,973$6,571,908$6,280,333$7,753,119
63$8,350,040$6,829,128$6,425,921$8,317,428
64$9,134,900$7,096,912$6,574,346$8,932,528
65$9,997,711$7,375,711$6,725,637$9,603,393
66$10,946,356$7,666,000$6,879,825$10,335,495
67$11,989,523$7,968,272$7,036,937$11,134,860
68$13,136,782$8,283,045$7,197,002$12,008,120
69$14,398,677$8,610,858$7,360,045$12,962,576
70$15,786,827$8,952,275$7,526,092$14,006,266
71$17,314,033$9,307,886$7,695,165$15,148,040
72$18,994,397$9,678,305$7,867,286$16,397,644
73$20,843,460$10,064,176$8,042,474$17,765,806
74$22,878,343$10,466,171$8,220,748$19,264,343
75$25,117,914$10,884,993$8,402,122$20,906,267
76$27,582,959$11,321,376$8,586,611$22,705,906
77$30,296,383$11,776,086$8,774,226$24,679,043
78$33,283,426$12,249,926$8,964,974$26,843,057
79$36,571,897$12,743,734$9,158,862$29,217,092
80$40,192,439$13,258,385$9,355,892$31,822,232
81$44,178,818$13,794,796$9,556,065$34,681,701
82$48,568,240$14,353,924$9,759,376$37,821,081
83$53,401,704$14,936,769$9,965,818$41,268,548
84$58,724,385$15,544,378$10,175,380$45,055,144
85$64,586,064$16,177,845$10,388,047$49,215,060
86$71,041,596$16,838,313$10,603,800$53,785,963
87$78,151,427$17,526,978$10,822,615$58,809,348
88$85,982,163$18,245,091$11,044,464$64,330,927
89$94,607,202$18,993,959$11,269,312$70,401,060
90$104,107,423$19,774,949$11,497,120$77,075,228
91$114,571,951$20,589,492$11,727,844$84,414,555
92$126,098,996$21,439,083$11,961,433$92,486,381
93$138,796,781$22,325,287$12,197,829$101,364,900
94$152,784,565$23,249,738$12,436,969$111,131,852
95$168,193,765$24,214,149$12,678,781$121,877,300
96$185,169,195$25,220,309$12,923,187$133,700,470
97$203,870,439$26,270,090$13,170,099$146,710,689
98$224,473,350$27,365,451$13,419,424$161,028,416
99$247,171,715$28,508,440$13,671,057$176,786,374
100$272,179,078$29,701,202$13,924,886$194,130,800