Can I retire at age 60 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$487,216$482,877$478,642$474,510$470,474$466,338
2 years$241,196$236,704$232,351$228,130$224,035$219,867
3 years$159,200$154,689$150,346$146,165$142,137$138,066
4 years$118,210$113,713$109,414$105,304$101,373$97,431
5 years$93,623$89,152$84,909$80,883$77,063$73,260
6 years$77,236$72,799$68,619$64,683$60,977$57,320
7 years$65,536$61,137$57,023$53,179$49,591$46,080
8 years$56,765$52,406$48,360$44,611$41,140$37,776
9 years$49,947$45,628$41,653$37,999$34,646$31,428
10 years$44,496$40,219$36,314$32,755$29,520$26,446
11 years$40,038$35,805$31,970$28,507$25,388$22,455
12 years$36,327$32,136$28,373$25,004$22,001$19,206
13 years$33,188$29,042$25,349$22,075$19,185$16,526
14 years$30,501$26,398$22,776$19,596$16,818$14,290
15 years$28,174$24,115$20,564$17,476$14,808$12,409
16 years$26,139$22,125$18,644$15,648$13,087$10,813
17 years$24,346$20,377$16,965$14,059$11,604$9,450
18 years$22,754$18,829$15,487$12,670$10,318$8,280
19 years$21,331$17,450$14,178$11,449$9,196$7,271
20 years$20,052$16,216$13,012$10,369$8,214$6,398
21 years$18,897$15,104$11,968$9,411$7,351$5,638
22 years$17,847$14,099$11,031$8,556$6,589$4,976
23 years$16,891$13,187$10,185$7,792$5,915$4,397
24 years$16,015$12,355$9,419$7,107$5,316$3,890
25 years$15,211$11,595$8,724$6,491$4,784$3,444
26 years$14,470$10,897$8,091$5,935$4,309$3,052
27 years$13,785$10,256$7,513$5,432$3,885$2,707
28 years$13,150$9,664$6,985$4,977$3,506$2,402
29 years$12,560$9,117$6,500$4,564$3,165$2,133
30 years$12,010$8,610$6,054$4,189$2,860$1,895
31 years$11,497$8,139$5,644$3,847$2,586$1,685
32 years$11,016$7,701$5,266$3,535$2,339$1,498
33 years$10,566$7,293$4,917$3,251$2,117$1,332
34 years$10,143$6,912$4,594$2,991$1,917$1,186
35 years$9,745$6,556$4,295$2,754$1,736$1,055
36 years$9,371$6,223$4,018$2,536$1,573$939
37 years$9,017$5,910$3,761$2,337$1,426$837
38 years$8,682$5,617$3,522$2,154$1,292$745
39 years$8,366$5,341$3,300$1,986$1,172$664
40 years$8,066$5,082$3,093$1,832$1,063$591
41 years$7,782$4,837$2,900$1,690$964$527
42 years$7,512$4,607$2,720$1,560$875$470
43 years$7,255$4,389$2,553$1,440$794$418
44 years$7,010$4,184$2,396$1,329$721$373
45 years$6,777$3,990$2,250$1,228$654$332
46 years$6,555$3,806$2,113$1,134$594$296
47 years$6,343$3,632$1,985$1,048$540$264
48 years$6,140$3,467$1,866$968$490$236
49 years$5,946$3,311$1,754$895$445$210
50 years$5,760$3,163$1,649$827$404$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,900,000, adding $3,818 every year, while hoping to spend $45,277 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: 81/10/9 Blend
59$5,900,000$5,900,000$5,900,000$5,900,000
60$6,505,738$6,193,038$6,101,588$7,023,984
61$7,121,149$6,448,323$6,257,817$7,619,342
62$7,797,815$6,714,599$6,417,762$8,266,294
63$8,541,934$6,992,357$6,581,500$8,975,019
64$9,360,340$7,282,111$6,749,108$9,751,675
65$10,260,557$7,584,397$6,920,666$10,603,045
66$11,250,879$7,899,777$7,096,254$11,536,597
67$12,340,442$8,228,839$7,275,951$12,560,556
68$13,539,312$8,572,197$7,459,840$13,683,980
69$14,858,581$8,930,494$7,648,004$14,916,844
70$16,310,471$9,304,403$7,840,527$16,270,137
71$17,908,448$9,694,628$8,037,493$17,755,960
72$19,667,349$10,101,904$8,238,989$19,387,643
73$21,603,523$10,527,002$8,445,100$21,179,868
74$23,734,986$10,970,728$8,655,914$23,148,809
75$26,081,586$11,433,926$8,871,519$25,312,282
76$28,665,198$11,917,478$9,092,004$27,689,910
77$31,509,921$12,422,307$9,317,460$30,303,313
78$34,642,313$12,949,381$9,547,975$33,176,306
79$38,091,639$13,499,710$9,783,642$36,335,126
80$41,890,144$14,074,354$10,024,552$39,808,676
81$46,073,361$14,674,419$10,270,796$43,628,798
82$50,680,444$15,301,066$10,522,469$47,830,573
83$55,754,539$15,955,508$10,779,661$52,452,649
84$61,343,190$16,639,016$11,042,467$57,537,606
85$67,498,786$17,352,918$11,310,981$63,132,359
86$74,279,058$18,098,608$11,585,295$69,288,593
87$81,747,623$18,877,541$11,865,504$76,063,256
88$89,974,583$19,691,243$12,151,700$83,519,091
89$99,037,188$20,541,310$12,443,979$91,725,228
90$109,020,561$21,429,415$12,742,433$100,757,837
91$120,018,508$22,357,306$13,047,154$110,700,842
92$132,134,399$23,326,817$13,358,236$121,646,714
93$145,482,141$24,339,864$13,675,771$133,697,339
94$160,187,259$25,398,457$13,999,849$146,964,982
95$176,388,076$26,504,698$14,330,560$161,573,343
96$194,237,020$27,660,789$14,667,995$177,658,723
97$213,902,064$28,869,035$15,012,240$195,371,306
98$235,568,307$30,131,851$15,363,383$214,876,579
99$259,439,727$31,451,763$15,721,508$236,356,888
100$285,741,100$32,831,421$16,086,700$260,013,160