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

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$503,732$499,245$494,868$490,595$486,423$468,791
2 years$249,372$244,728$240,227$235,863$231,630$214,060
3 years$164,597$159,933$155,443$151,120$146,955$129,999
4 years$122,217$117,567$113,123$108,873$104,810$88,597
5 years$96,796$92,174$87,788$83,625$79,675$64,248
6 years$79,855$75,267$70,946$66,876$63,044$48,414
7 years$67,758$63,209$58,956$54,982$51,272$37,435
8 years$58,690$54,182$49,999$46,123$42,535$29,480
9 years$51,640$47,175$43,064$39,287$35,820$23,530
10 years$46,004$41,583$37,545$33,866$30,521$18,973
11 years$41,396$37,019$33,054$29,473$26,249$15,419
12 years$37,558$33,226$29,334$25,852$22,747$12,609
13 years$34,313$30,026$26,208$22,823$19,836$10,361
14 years$31,535$27,293$23,548$20,260$17,388$8,548
15 years$29,129$24,933$21,261$18,068$15,310$7,075
16 years$27,025$22,875$19,276$16,178$13,531$5,871
17 years$25,171$21,067$17,540$14,536$11,997$4,882
18 years$23,525$19,467$16,012$13,100$10,667$4,067
19 years$22,054$18,042$14,658$11,837$9,508$3,393
20 years$20,732$16,766$13,453$10,721$8,493$2,834
21 years$19,537$15,616$12,374$9,730$7,600$2,369
22 years$18,452$14,577$11,405$8,846$6,812$1,983
23 years$17,463$13,634$10,530$8,057$6,115$1,660
24 years$16,558$12,774$9,739$7,348$5,496$1,391
25 years$15,727$11,988$9,020$6,711$4,946$1,166
26 years$14,960$11,267$8,365$6,136$4,455$978
27 years$14,252$10,603$7,768$5,616$4,017$820
28 years$13,596$9,991$7,221$5,146$3,624$688
29 years$12,985$9,426$6,720$4,719$3,273$578
30 years$12,417$8,902$6,260$4,331$2,957$485
31 years$11,886$8,415$5,836$3,977$2,673$407
32 years$11,390$7,962$5,445$3,655$2,418$342
33 years$10,924$7,540$5,084$3,361$2,189$287
34 years$10,487$7,147$4,750$3,093$1,982$241
35 years$10,076$6,778$4,441$2,847$1,795$203
36 years$9,688$6,434$4,154$2,622$1,626$170
37 years$9,322$6,111$3,888$2,416$1,474$143
38 years$8,977$5,807$3,641$2,227$1,336$120
39 years$8,650$5,522$3,412$2,053$1,212$101
40 years$8,340$5,254$3,198$1,894$1,099$85
41 years$8,046$5,001$2,998$1,747$997$71
42 years$7,766$4,763$2,813$1,613$905$60
43 years$7,501$4,538$2,639$1,489$821$50
44 years$7,248$4,326$2,477$1,374$745$42
45 years$7,007$4,125$2,326$1,269$677$36
46 years$6,777$3,935$2,185$1,172$614$30
47 years$6,558$3,755$2,053$1,083$558$25
48 years$6,348$3,585$1,929$1,001$507$21
49 years$6,148$3,423$1,813$925$460$18
50 years$5,956$3,270$1,704$855$418$15

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 $5,866 every year, while hoping to spend $30,444 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: 67/20/13 Blend
59$6,100,000$6,100,000$6,100,000$6,100,000
60$6,728,251$6,404,951$6,310,401$7,158,830
61$7,382,140$6,686,401$6,489,407$7,727,893
62$8,101,706$6,980,622$6,673,390$8,345,708
63$8,893,615$7,288,208$6,862,483$9,020,430
64$9,765,213$7,609,779$7,056,826$9,757,632
65$10,724,594$7,945,988$7,256,559$10,563,445
66$11,780,677$8,297,516$7,461,828$11,444,618
67$12,943,289$8,665,077$7,672,782$12,408,576
68$14,223,258$9,049,419$7,889,574$13,463,493
69$15,632,517$9,451,327$8,112,361$14,618,362
70$17,184,212$9,871,620$8,341,303$15,883,085
71$18,892,831$10,311,159$8,576,566$17,268,562
72$20,774,338$10,770,844$8,818,319$18,786,792
73$22,846,323$11,251,618$9,066,736$20,450,982
74$25,128,171$11,754,470$9,321,994$22,275,677
75$27,641,239$12,280,435$9,584,276$24,276,889
76$30,409,066$12,830,596$9,853,770$26,472,247
77$33,457,586$13,406,091$10,130,667$28,881,167
78$36,815,380$14,008,109$10,415,164$31,525,026
79$40,513,940$14,637,897$10,707,463$34,427,364
80$44,587,969$15,296,762$11,007,770$37,614,108
81$49,075,710$15,986,072$11,316,299$41,113,808
82$54,019,304$16,707,260$11,633,266$44,957,909
83$59,465,187$17,461,830$11,958,895$49,181,042
84$65,464,531$18,251,355$12,293,413$53,821,351
85$72,073,726$19,077,484$12,637,055$58,920,848
86$79,354,911$19,941,946$12,990,061$64,525,808
87$87,376,562$20,846,551$13,352,678$70,687,201
88$96,214,135$21,793,196$13,725,157$77,461,174
89$105,950,784$22,783,870$14,107,757$84,909,573
90$116,678,139$23,820,655$14,500,742$93,100,526
91$128,497,177$24,905,734$14,904,384$102,109,082
92$141,519,168$26,041,395$15,318,960$112,017,915
93$155,866,735$27,230,034$15,744,757$122,918,102
94$171,675,000$28,474,165$16,182,065$134,909,977
95$189,092,869$29,776,418$16,631,183$148,104,075
96$208,284,432$31,139,552$17,092,418$162,622,170
97$229,430,513$32,566,459$17,566,083$178,598,421
98$252,730,378$34,060,168$18,052,499$196,180,633
99$278,403,615$35,623,855$18,551,996$215,531,647
100$306,692,206$37,260,846$19,064,910$236,830,872