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%
1 years$503,732$499,245$494,868$490,595$486,423$472,557
2 years$249,372$244,728$240,227$235,863$231,630$217,768
3 years$164,597$159,933$155,443$151,120$146,955$133,532
4 years$122,217$117,567$113,123$108,873$104,810$91,928
5 years$96,796$92,174$87,788$83,625$79,675$67,369
6 years$79,855$75,267$70,946$66,876$63,044$51,327
7 years$67,758$63,209$58,956$54,982$51,272$40,142
8 years$58,690$54,182$49,999$46,123$42,535$31,987
9 years$51,640$47,175$43,064$39,287$35,820$25,844
10 years$46,004$41,583$37,545$33,866$30,521$21,103
11 years$41,396$37,019$33,054$29,473$26,249$17,373
12 years$37,558$33,226$29,334$25,852$22,747$14,397
13 years$34,313$30,026$26,208$22,823$19,836$11,993
14 years$31,535$27,293$23,548$20,260$17,388$10,032
15 years$29,129$24,933$21,261$18,068$15,310$8,422
16 years$27,025$22,875$19,276$16,178$13,531$7,090
17 years$25,171$21,067$17,540$14,536$11,997$5,983
18 years$23,525$19,467$16,012$13,100$10,667$5,059
19 years$22,054$18,042$14,658$11,837$9,508$4,285
20 years$20,732$16,766$13,453$10,721$8,493$3,634
21 years$19,537$15,616$12,374$9,730$7,600$3,086
22 years$18,452$14,577$11,405$8,846$6,812$2,623
23 years$17,463$13,634$10,530$8,057$6,115$2,231
24 years$16,558$12,774$9,739$7,348$5,496$1,899
25 years$15,727$11,988$9,020$6,711$4,946$1,618
26 years$14,960$11,267$8,365$6,136$4,455$1,379
27 years$14,252$10,603$7,768$5,616$4,017$1,175
28 years$13,596$9,991$7,221$5,146$3,624$1,003
29 years$12,985$9,426$6,720$4,719$3,273$855
30 years$12,417$8,902$6,260$4,331$2,957$730
31 years$11,886$8,415$5,836$3,977$2,673$623
32 years$11,390$7,962$5,445$3,655$2,418$532
33 years$10,924$7,540$5,084$3,361$2,189$454
34 years$10,487$7,147$4,750$3,093$1,982$388
35 years$10,076$6,778$4,441$2,847$1,795$331
36 years$9,688$6,434$4,154$2,622$1,626$283
37 years$9,322$6,111$3,888$2,416$1,474$242
38 years$8,977$5,807$3,641$2,227$1,336$207
39 years$8,650$5,522$3,412$2,053$1,212$176
40 years$8,340$5,254$3,198$1,894$1,099$151
41 years$8,046$5,001$2,998$1,747$997$129
42 years$7,766$4,763$2,813$1,613$905$110
43 years$7,501$4,538$2,639$1,489$821$94
44 years$7,248$4,326$2,477$1,374$745$80
45 years$7,007$4,125$2,326$1,269$677$69
46 years$6,777$3,935$2,185$1,172$614$59
47 years$6,558$3,755$2,053$1,083$558$50
48 years$6,348$3,585$1,929$1,001$507$43
49 years$6,148$3,423$1,813$925$460$37
50 years$5,956$3,270$1,704$855$418$31

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 $6,752 every year, while hoping to spend $59,371 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: 33/45/22 Blend
59$6,100,000$6,100,000$6,100,000$6,100,000
60$6,729,165$6,405,865$6,311,315$6,905,581
61$7,352,369$6,656,582$6,459,573$7,288,700
62$8,037,151$6,917,594$6,610,809$7,695,450
63$8,789,727$7,189,344$6,765,058$8,132,613
64$9,616,950$7,472,291$6,922,358$8,602,905
65$10,526,365$7,766,920$7,082,743$9,109,307
66$11,526,288$8,073,733$7,246,249$9,655,088
67$12,625,879$8,393,255$7,412,908$10,243,836
68$13,835,231$8,726,038$7,582,753$10,879,488
69$15,165,466$9,072,655$7,755,816$11,566,367
70$16,628,834$9,433,705$7,932,127$12,309,218
71$18,238,835$9,809,817$8,111,713$13,113,252
72$20,010,342$10,201,644$8,294,602$13,984,196
73$21,959,745$10,609,872$8,480,818$14,928,336
74$24,105,100$11,035,217$8,670,386$15,952,584
75$26,466,302$11,478,425$8,863,327$17,064,532
76$29,065,276$11,940,279$9,059,659$18,272,527
77$31,926,176$12,421,594$9,259,400$19,585,742
78$35,075,620$12,923,226$9,462,564$21,014,263
79$38,542,936$13,446,067$9,669,162$22,569,181
80$42,360,441$13,991,049$9,879,204$24,262,691
81$46,563,743$14,559,149$10,092,696$26,108,203
82$51,192,083$15,151,385$10,309,639$28,120,470
83$56,288,697$15,768,824$10,530,033$30,315,718
84$61,901,229$16,412,581$10,753,874$32,711,800
85$68,082,178$17,083,821$10,981,152$35,328,355
86$74,889,395$17,783,763$11,211,856$38,186,995
87$82,386,627$18,513,682$11,445,967$41,311,499
88$90,644,120$19,274,910$11,683,464$44,728,037
89$99,739,281$20,068,841$11,924,321$48,465,412
90$109,757,406$20,896,932$12,168,504$52,555,323
91$120,792,488$21,760,708$12,415,975$57,032,663
92$132,948,103$22,661,764$12,666,692$61,935,841
93$146,338,387$23,601,768$12,920,603$67,307,140
94$161,089,111$24,582,463$13,177,652$73,193,109
95$177,338,871$25,605,675$13,437,774$79,644,998
96$195,240,395$26,673,313$13,700,899$86,719,231
97$214,961,983$27,787,372$13,966,947$94,477,939
98$236,689,096$28,949,944$14,235,830$102,989,532
99$260,626,105$30,163,213$14,507,451$112,329,342
100$286,998,223$31,429,465$14,781,706$122,580,326