Can I retire at age 60 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$503,732$499,245$494,868$490,595$486,423$471,040
2 years$249,372$244,728$240,227$235,863$231,630$216,272
3 years$164,597$159,933$155,443$151,120$146,955$132,104
4 years$122,217$117,567$113,123$108,873$104,810$90,578
5 years$96,796$92,174$87,788$83,625$79,675$66,101
6 years$79,855$75,267$70,946$66,876$63,044$50,140
7 years$67,758$63,209$58,956$54,982$51,272$39,036
8 years$58,690$54,182$49,999$46,123$42,535$30,960
9 years$51,640$47,175$43,064$39,287$35,820$24,893
10 years$46,004$41,583$37,545$33,866$30,521$20,224
11 years$41,396$37,019$33,054$29,473$26,249$16,564
12 years$37,558$33,226$29,334$25,852$22,747$13,654
13 years$34,313$30,026$26,208$22,823$19,836$11,312
14 years$31,535$27,293$23,548$20,260$17,388$9,411
15 years$29,129$24,933$21,261$18,068$15,310$7,856
16 years$27,025$22,875$19,276$16,178$13,531$6,576
17 years$25,171$21,067$17,540$14,536$11,997$5,517
18 years$23,525$19,467$16,012$13,100$10,667$4,637
19 years$22,054$18,042$14,658$11,837$9,508$3,904
20 years$20,732$16,766$13,453$10,721$8,493$3,291
21 years$19,537$15,616$12,374$9,730$7,600$2,777
22 years$18,452$14,577$11,405$8,846$6,812$2,346
23 years$17,463$13,634$10,530$8,057$6,115$1,983
24 years$16,558$12,774$9,739$7,348$5,496$1,677
25 years$15,727$11,988$9,020$6,711$4,946$1,420
26 years$14,960$11,267$8,365$6,136$4,455$1,202
27 years$14,252$10,603$7,768$5,616$4,017$1,018
28 years$13,596$9,991$7,221$5,146$3,624$863
29 years$12,985$9,426$6,720$4,719$3,273$731
30 years$12,417$8,902$6,260$4,331$2,957$620
31 years$11,886$8,415$5,836$3,977$2,673$526
32 years$11,390$7,962$5,445$3,655$2,418$446
33 years$10,924$7,540$5,084$3,361$2,189$378
34 years$10,487$7,147$4,750$3,093$1,982$321
35 years$10,076$6,778$4,441$2,847$1,795$272
36 years$9,688$6,434$4,154$2,622$1,626$231
37 years$9,322$6,111$3,888$2,416$1,474$196
38 years$8,977$5,807$3,641$2,227$1,336$166
39 years$8,650$5,522$3,412$2,053$1,212$141
40 years$8,340$5,254$3,198$1,894$1,099$120
41 years$8,046$5,001$2,998$1,747$997$102
42 years$7,766$4,763$2,813$1,613$905$86
43 years$7,501$4,538$2,639$1,489$821$73
44 years$7,248$4,326$2,477$1,374$745$62
45 years$7,007$4,125$2,326$1,269$677$53
46 years$6,777$3,935$2,185$1,172$614$45
47 years$6,558$3,755$2,053$1,083$558$38
48 years$6,348$3,585$1,929$1,001$507$32
49 years$6,148$3,423$1,813$925$460$27
50 years$5,956$3,270$1,704$855$418$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,100,000, adding $2,879 every year, while hoping to spend $59,650 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: 33/50/17 Blend
59$6,100,000$6,100,000$6,100,000$6,100,000
60$6,725,170$6,401,870$6,307,320$6,911,431
61$7,347,670$6,652,094$6,455,148$7,299,267
62$8,031,666$6,912,580$6,605,929$7,711,253
63$8,783,367$7,183,768$6,759,699$8,154,003
64$9,609,615$7,466,117$6,916,493$8,630,252
65$10,517,946$7,760,107$7,076,346$9,142,999
66$11,516,663$8,066,239$7,239,290$9,695,532
67$12,614,915$8,385,037$7,405,359$10,291,458
68$13,822,781$8,717,048$7,574,583$10,934,736
69$15,151,365$9,062,844$7,746,991$11,629,709
70$16,612,902$9,423,021$7,922,614$12,381,144
71$18,220,873$9,798,205$8,101,476$13,194,276
72$19,990,131$10,189,046$8,283,605$14,074,854
73$21,937,041$10,596,226$8,469,022$15,029,190
74$24,079,636$11,020,457$8,657,751$16,064,219
75$26,437,783$11,462,484$8,849,810$17,187,561
76$29,033,375$11,923,084$9,045,217$18,407,587
77$31,890,534$12,403,070$9,243,986$19,733,500
78$35,035,839$12,903,291$9,446,131$21,175,414
79$38,498,579$13,424,636$9,651,660$22,744,446
80$42,311,024$13,968,033$9,860,580$24,452,821
81$46,508,734$14,534,453$10,072,896$26,313,980
82$51,130,894$15,124,909$10,288,606$28,342,706
83$56,220,679$15,740,464$10,507,709$30,555,255
84$61,825,667$16,382,225$10,730,196$32,969,512
85$67,998,284$17,051,353$10,956,056$35,605,146
86$74,796,299$17,749,060$11,185,274$38,483,801
87$82,283,371$18,476,613$11,417,830$41,629,287
88$90,529,646$19,235,339$11,653,699$45,067,806
89$99,612,423$20,026,623$11,892,851$48,828,190
90$109,616,878$20,851,916$12,135,250$52,942,169
91$120,636,874$21,712,734$12,380,855$57,444,665
92$132,775,840$22,610,663$12,629,618$62,374,115
93$146,147,752$23,547,362$12,881,487$67,772,829
94$160,878,205$24,524,565$13,136,399$73,687,380
95$177,105,601$25,544,088$13,394,287$80,169,039
96$194,982,453$26,607,828$13,655,077$87,274,253
97$214,676,824$27,717,773$13,918,683$95,065,166
98$236,373,915$28,875,999$14,185,013$103,610,203
99$260,277,811$30,084,680$14,453,968$112,984,703
100$286,613,408$31,346,089$14,725,436$123,271,626