Can I retire at age 60 with 6,200,000?

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 $6,200,000?

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%
1 years$511,990$507,430$502,980$498,637$494,397$480,110
2 years$253,460$248,740$244,165$239,729$235,427$221,147
3 years$167,295$162,554$157,991$153,597$149,365$135,539
4 years$124,221$119,495$114,977$110,658$106,528$93,262
5 years$98,383$93,685$89,227$84,996$80,981$68,311
6 years$81,164$76,501$72,109$67,972$64,077$52,016
7 years$68,869$64,245$59,923$55,883$52,112$40,658
8 years$59,652$55,070$50,819$46,879$43,232$32,379
9 years$52,487$47,949$43,770$39,931$36,408$26,145
10 years$46,758$42,264$38,160$34,421$31,021$21,335
11 years$42,074$37,625$33,596$29,956$26,679$17,553
12 years$38,174$33,771$29,815$26,276$23,120$14,536
13 years$34,876$30,519$26,638$23,198$20,161$12,101
14 years$32,052$27,741$23,934$20,592$17,673$10,116
15 years$29,606$25,342$21,609$18,365$15,561$8,486
16 years$27,468$23,250$19,592$16,443$13,752$7,139
17 years$25,584$21,413$17,828$14,774$12,194$6,020
18 years$23,911$19,786$16,275$13,315$10,842$5,087
19 years$22,416$18,338$14,899$12,031$9,664$4,305
20 years$21,072$17,040$13,673$10,896$8,632$3,648
21 years$19,857$15,872$12,577$9,889$7,725$3,095
22 years$18,755$14,816$11,591$8,991$6,924$2,629
23 years$17,750$13,857$10,703$8,189$6,215$2,235
24 years$16,830$12,984$9,898$7,469$5,587$1,901
25 years$15,985$12,184$9,168$6,821$5,027$1,618
26 years$15,206$11,451$8,503$6,237$4,528$1,377
27 years$14,486$10,777$7,895$5,708$4,083$1,173
28 years$13,818$10,155$7,340$5,230$3,684$1,000
29 years$13,198$9,580$6,830$4,796$3,326$852
30 years$12,621$9,048$6,362$4,402$3,006$727
31 years$12,081$8,553$5,931$4,043$2,717$620
32 years$11,576$8,093$5,534$3,715$2,458$529
33 years$11,103$7,664$5,167$3,416$2,224$451
34 years$10,659$7,264$4,828$3,143$2,014$385
35 years$10,241$6,890$4,514$2,894$1,824$329
36 years$9,847$6,539$4,222$2,665$1,653$280
37 years$9,475$6,211$3,952$2,455$1,498$239
38 years$9,124$5,902$3,701$2,263$1,358$204
39 years$8,791$5,613$3,467$2,087$1,232$174
40 years$8,476$5,340$3,250$1,925$1,117$149
41 years$8,177$5,083$3,047$1,776$1,013$127
42 years$7,894$4,841$2,859$1,639$920$109
43 years$7,624$4,612$2,682$1,513$835$93
44 years$7,366$4,397$2,518$1,397$758$79
45 years$7,122$4,193$2,364$1,290$688$68
46 years$6,888$4,000$2,221$1,192$624$58
47 years$6,665$3,817$2,086$1,101$567$49
48 years$6,452$3,644$1,960$1,017$515$42
49 years$6,248$3,480$1,843$940$468$36
50 years$6,053$3,324$1,732$869$425$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,200,000, adding $3,970 every year, while hoping to spend $22,080 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: 41/29/30 Blend
59$6,200,000$6,200,000$6,200,000$6,200,000
60$6,836,495$6,507,895$6,411,795$7,056,338
61$7,510,325$6,803,289$6,603,097$7,511,786
62$8,252,145$7,112,417$6,800,068$8,002,115
63$9,068,867$7,435,929$7,002,874$8,532,472
64$9,968,108$7,774,506$7,211,687$9,106,560
65$10,958,259$8,128,861$7,426,682$9,728,442
66$12,048,568$8,499,742$7,648,042$10,402,579
67$13,249,224$8,887,931$7,875,954$11,133,871
68$14,571,456$9,294,250$8,110,609$11,927,702
69$16,027,635$9,719,560$8,352,206$12,789,985
70$17,631,397$10,164,761$8,600,948$13,727,216
71$19,397,764$10,630,799$8,857,044$14,746,537
72$21,343,292$11,118,664$9,120,711$15,855,795
73$23,486,222$11,629,393$9,392,169$17,063,617
74$25,846,658$12,164,074$9,671,648$18,379,488
75$28,446,750$12,723,847$9,959,381$19,813,835
76$31,310,910$13,309,907$10,255,612$21,378,126
77$34,466,035$13,923,505$10,560,587$23,084,973
78$37,941,768$14,565,954$10,874,564$24,948,247
79$41,770,771$15,238,629$11,197,805$26,983,206
80$45,989,040$15,942,972$11,530,582$29,206,635
81$50,636,238$16,680,494$11,873,172$31,637,002
82$55,756,074$17,452,778$12,225,863$34,294,626
83$61,396,715$18,261,484$12,588,950$37,201,865
84$67,611,236$19,108,354$12,962,737$40,383,326
85$74,458,128$19,995,209$13,347,535$43,866,085
86$82,001,846$20,923,963$13,743,666$47,679,947
87$90,313,416$21,896,619$14,151,460$51,857,715
88$99,471,108$22,915,277$14,571,258$56,435,498
89$109,561,176$23,982,140$15,003,410$61,453,044
90$120,678,667$25,099,516$15,448,275$66,954,113
91$132,928,322$26,269,824$15,906,224$72,986,879
92$146,425,567$27,495,601$16,377,638$79,604,383
93$161,297,594$28,779,505$16,862,908$86,865,025
94$177,684,573$30,124,324$17,362,439$94,833,109
95$195,740,963$31,532,980$17,876,645$103,579,440
96$215,636,981$33,008,536$18,405,952$113,181,990
97$237,560,202$34,554,203$18,950,801$123,726,622
98$261,717,331$36,173,347$19,511,641$135,307,893
99$288,336,156$37,869,499$20,088,938$148,029,942
100$317,667,696$39,646,356$20,683,170$162,007,457