Can I retire at age 60 with 6,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$495,474$491,061$486,755$482,552$478,448$464,436
2 years$245,284$240,716$236,289$231,996$227,833$213,829
3 years$161,899$157,311$152,895$148,642$144,546$130,990
4 years$120,214$115,640$111,268$107,088$103,092$90,087
5 years$95,210$90,663$86,349$82,254$78,369$65,951
6 years$78,545$74,033$69,782$65,779$62,010$50,191
7 years$66,647$62,173$57,990$54,081$50,431$39,209
8 years$57,728$53,294$49,180$45,367$41,837$31,207
9 years$50,794$46,402$42,359$38,643$35,233$25,183
10 years$45,250$40,901$36,929$33,310$30,020$20,537
11 years$40,717$36,412$32,512$28,990$25,819$16,886
12 years$36,942$32,681$28,853$25,428$22,374$13,975
13 years$33,751$29,534$25,779$22,449$19,510$11,625
14 years$31,018$26,846$23,162$19,928$17,103$9,712
15 years$28,651$24,524$20,912$17,772$15,059$8,141
16 years$26,582$22,500$18,960$15,913$13,309$6,844
17 years$24,759$20,722$17,253$14,298$11,801$5,767
18 years$23,140$19,148$15,750$12,885$10,492$4,869
19 years$21,693$17,746$14,418$11,643$9,352$4,118
20 years$20,392$16,491$13,232$10,545$8,354$3,487
21 years$19,217$15,360$12,171$9,570$7,475$2,956
22 years$18,150$14,338$11,218$8,701$6,701$2,509
23 years$17,177$13,410$10,357$7,925$6,015$2,131
24 years$16,287$12,565$9,579$7,228$5,406$1,811
25 years$15,469$11,791$8,872$6,601$4,865$1,540
26 years$14,715$11,082$8,228$6,035$4,382$1,310
27 years$14,018$10,429$7,641$5,524$3,951$1,115
28 years$13,373$9,828$7,103$5,061$3,565$950
29 years$12,773$9,271$6,610$4,641$3,219$809
30 years$12,213$8,756$6,157$4,260$2,909$689
31 years$11,691$8,277$5,740$3,912$2,630$587
32 years$11,203$7,832$5,355$3,595$2,379$501
33 years$10,745$7,417$5,000$3,306$2,153$427
34 years$10,315$7,029$4,672$3,042$1,949$364
35 years$9,911$6,667$4,368$2,800$1,765$310
36 years$9,529$6,328$4,086$2,579$1,599$265
37 years$9,170$6,010$3,825$2,376$1,450$226
38 years$8,830$5,712$3,582$2,190$1,314$192
39 years$8,508$5,432$3,356$2,020$1,192$164
40 years$8,203$5,168$3,145$1,863$1,081$140
41 years$7,914$4,919$2,949$1,719$981$119
42 years$7,639$4,685$2,766$1,586$890$102
43 years$7,378$4,464$2,596$1,464$808$87
44 years$7,129$4,255$2,437$1,352$733$74
45 years$6,892$4,057$2,288$1,248$666$63
46 years$6,666$3,871$2,149$1,153$604$54
47 years$6,450$3,694$2,019$1,065$549$46
48 years$6,244$3,526$1,897$985$498$39
49 years$6,047$3,367$1,783$910$453$34
50 years$5,858$3,217$1,677$841$411$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,000,000, adding $5,110 every year, while hoping to spend $20,465 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: 52/20/28 Blend
59$6,000,000$6,000,000$6,000,000$6,000,000
60$6,617,271$6,299,271$6,206,271$6,909,138
61$7,270,458$6,586,161$6,392,406$7,399,447
62$7,989,584$6,886,422$6,584,092$7,930,049
63$8,781,354$7,200,689$6,781,491$8,506,872
64$9,653,154$7,529,625$6,984,773$9,134,338
65$10,613,125$7,873,926$7,194,112$9,817,307
66$11,670,237$8,234,321$7,409,688$10,561,125
67$12,834,373$8,611,575$7,631,684$11,371,668
68$14,116,425$9,006,488$7,860,291$12,255,402
69$15,528,394$9,419,899$8,095,705$13,219,436
70$17,083,505$9,852,689$8,338,125$14,271,591
71$18,796,330$10,305,778$8,587,760$15,420,472
72$20,682,928$10,780,134$8,844,823$16,675,544
73$22,760,994$11,276,768$9,109,532$18,047,224
74$25,050,028$11,796,742$9,382,114$19,546,974
75$27,571,517$12,341,169$9,662,801$21,187,408
76$30,349,139$12,911,213$9,951,832$22,982,408
77$33,408,986$13,508,098$10,249,453$24,947,254
78$36,779,811$14,133,103$10,555,919$27,098,764
79$40,493,299$14,787,571$10,871,488$29,455,452
80$44,584,363$15,472,910$11,196,431$32,037,698
81$49,091,479$16,190,594$11,531,022$34,867,939
82$54,057,045$16,942,169$11,875,547$37,970,878
83$59,527,784$17,729,255$12,230,298$41,373,714
84$65,555,182$18,553,552$12,595,577$45,106,394
85$72,195,974$19,416,839$12,971,692$49,201,892
86$79,512,682$20,320,984$13,358,963$53,696,521
87$87,574,206$21,267,943$13,757,719$58,630,268
88$96,456,469$22,259,766$14,168,296$64,047,169
89$106,243,139$23,298,604$14,591,044$69,995,719
90$117,026,414$24,386,710$15,026,318$76,529,330
91$128,907,897$25,526,448$15,474,489$83,706,825
92$141,999,552$26,720,293$15,935,934$91,592,994
93$156,424,762$27,970,843$16,411,043$100,259,199
94$172,319,493$29,280,820$16,900,219$109,784,040
95$189,833,578$30,653,077$17,403,873$120,254,095
96$209,132,130$32,090,605$17,922,430$131,764,734
97$230,397,104$33,596,542$18,456,328$144,421,006
98$253,829,011$35,174,174$19,006,017$158,338,633
99$279,648,811$36,826,950$19,571,960$173,645,093
100$308,100,002$38,558,482$20,154,633$190,480,813