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%19.5%
1 years$478,959$474,692$470,530$466,467$462,500$444,853
2 years$237,108$232,692$228,413$224,263$220,238$202,666
3 years$156,502$152,067$147,798$143,688$139,728$122,785
4 years$116,207$111,785$107,559$103,519$99,655$83,470
5 years$92,036$87,641$83,470$79,512$75,756$60,370
6 years$75,927$71,566$67,456$63,587$59,943$45,367
7 years$64,426$60,101$56,057$52,278$48,750$34,979
8 years$55,803$51,517$47,540$43,855$40,443$27,464
9 years$49,101$44,855$40,947$37,355$34,059$21,853
10 years$43,742$39,538$35,698$32,200$29,020$17,565
11 years$39,360$35,198$31,428$28,024$24,958$14,229
12 years$35,711$31,592$27,892$24,580$21,628$11,597
13 years$32,626$28,550$24,919$21,701$18,860$9,497
14 years$29,984$25,951$22,390$19,264$16,533$7,808
15 years$27,696$23,707$20,215$17,180$14,557$6,439
16 years$25,696$21,750$18,328$15,383$12,865$5,324
17 years$23,933$20,031$16,678$13,821$11,407$4,411
18 years$22,368$18,510$15,225$12,456$10,143$3,661
19 years$20,970$17,155$13,938$11,255$9,040$3,043
20 years$19,712$15,941$12,791$10,193$8,075$2,532
21 years$18,576$14,848$11,765$9,251$7,226$2,108
22 years$17,545$13,860$10,844$8,411$6,477$1,757
23 years$16,605$12,963$10,012$7,660$5,814$1,466
24 years$15,744$12,146$9,260$6,987$5,226$1,223
25 years$14,953$11,398$8,576$6,381$4,703$1,021
26 years$14,225$10,713$7,954$5,834$4,236$853
27 years$13,551$10,082$7,386$5,340$3,819$713
28 years$12,927$9,500$6,866$4,893$3,446$596
29 years$12,347$8,962$6,390$4,487$3,112$498
30 years$11,806$8,464$5,952$4,118$2,812$416
31 years$11,302$8,001$5,549$3,782$2,542$348
32 years$10,830$7,571$5,177$3,476$2,299$291
33 years$10,387$7,170$4,834$3,196$2,081$243
34 years$9,971$6,795$4,516$2,941$1,884$204
35 years$9,580$6,445$4,222$2,707$1,706$170
36 years$9,212$6,117$3,950$2,493$1,546$142
37 years$8,864$5,810$3,697$2,297$1,401$119
38 years$8,535$5,522$3,462$2,117$1,270$100
39 years$8,224$5,250$3,244$1,952$1,152$83
40 years$7,930$4,995$3,040$1,801$1,045$70
41 years$7,650$4,755$2,851$1,661$948$58
42 years$7,384$4,529$2,674$1,533$860$49
43 years$7,132$4,315$2,509$1,415$781$41
44 years$6,891$4,113$2,355$1,307$709$34
45 years$6,662$3,922$2,212$1,207$643$29
46 years$6,444$3,742$2,077$1,115$584$24
47 years$6,235$3,571$1,952$1,030$530$20
48 years$6,036$3,409$1,834$952$482$17
49 years$5,845$3,255$1,724$880$437$14
50 years$5,663$3,109$1,621$813$397$12

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 $6,602 every year, while hoping to spend $40,509 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: 38/39/23 Blend
59$5,800,000$5,800,000$5,800,000$5,800,000
60$6,398,410$6,091,010$6,001,110$6,597,339
61$7,007,947$6,346,368$6,159,046$6,997,873
62$7,678,298$6,612,881$6,320,915$7,426,188
63$8,415,625$6,891,053$6,486,806$7,888,279
64$9,226,715$7,181,411$6,656,810$8,387,225
65$10,119,046$7,484,506$6,831,019$8,926,405
66$11,100,857$7,800,915$7,009,527$9,509,528
67$12,181,228$8,131,244$7,192,430$10,140,665
68$13,370,162$8,476,123$7,379,825$10,824,288
69$14,678,679$8,836,214$7,571,810$11,565,307
70$16,118,926$9,212,210$7,768,487$12,369,113
71$17,704,283$9,604,835$7,969,958$13,241,632
72$19,449,495$10,014,846$8,176,326$14,189,373
73$21,370,809$10,443,039$8,387,698$15,219,490
74$23,486,127$10,890,244$8,604,182$16,339,845
75$25,815,175$11,357,329$8,825,886$17,559,080
76$28,379,691$11,845,206$9,052,920$18,886,697
77$31,203,625$12,354,827$9,285,399$20,333,141
78$34,313,370$12,887,189$9,523,436$21,909,902
79$37,738,010$13,443,337$9,767,146$23,629,611
80$41,509,589$14,024,363$10,016,649$25,506,165
81$45,663,423$14,631,413$10,272,062$27,554,848
82$50,238,423$15,265,683$10,533,506$29,792,473
83$55,277,469$15,928,428$10,801,106$32,237,540
84$60,827,811$16,620,961$11,074,983$34,910,402
85$66,941,518$17,344,658$11,355,265$37,833,456
86$73,675,964$18,100,958$11,642,078$41,031,347
87$81,094,376$18,891,369$11,935,552$44,531,200
88$89,266,426$19,717,469$12,235,816$48,362,867
89$98,268,887$20,580,911$12,543,002$52,559,206
90$108,186,365$21,483,427$12,857,243$57,156,385
91$119,112,087$22,426,828$13,178,674$62,194,221
92$131,148,791$23,413,014$13,507,431$67,716,542
93$144,409,688$24,443,971$13,843,649$73,771,604
94$159,019,533$25,521,783$14,187,469$80,412,534
95$175,115,804$26,648,629$14,539,028$87,697,827
96$192,849,998$27,826,794$14,898,467$95,691,893
97$212,389,059$29,058,668$15,265,927$104,465,654
98$233,916,958$30,346,758$15,641,551$114,097,207
99$257,636,426$31,693,687$16,025,481$124,672,555
100$283,770,867$33,102,203$16,417,860$136,286,412