Can I retire at age 60 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$520,248$515,614$511,093$506,680$502,371$493,439
2 years$257,549$252,752$248,103$243,596$239,224$230,256
3 years$169,994$165,176$160,539$156,074$151,774$143,049
4 years$126,225$121,422$116,831$112,443$108,246$99,832
5 years$99,970$95,196$90,666$86,367$82,287$74,207
6 years$82,473$77,735$73,272$69,068$65,111$57,374
7 years$69,980$65,282$60,889$56,785$52,953$45,561
8 years$60,614$55,958$51,639$47,635$43,929$36,882
9 years$53,333$48,722$44,476$40,575$36,995$30,287
10 years$47,512$42,946$38,776$34,976$31,521$25,147
11 years$42,753$38,232$34,137$30,439$27,110$21,062
12 years$38,789$34,315$30,296$26,700$23,493$17,764
13 years$35,438$31,011$27,068$23,572$20,486$15,067
14 years$32,569$28,188$24,320$20,924$17,958$12,839
15 years$30,084$25,750$21,958$18,661$15,812$10,982
16 years$27,911$23,625$19,908$16,709$13,974$9,425
17 years$25,997$21,758$18,116$15,013$12,391$8,110
18 years$24,297$20,106$16,537$13,529$11,017$6,995
19 years$22,777$18,634$15,139$12,225$9,820$6,045
20 years$21,412$17,315$13,894$11,072$8,771$5,233
21 years$20,178$16,128$12,780$10,049$7,849$4,536
22 years$19,057$15,055$11,778$9,136$7,036$3,937
23 years$18,036$14,081$10,875$8,321$6,316$3,420
24 years$17,101$13,193$10,058$7,589$5,677$2,974
25 years$16,242$12,381$9,316$6,931$5,108$2,589
26 years$15,451$11,636$8,640$6,337$4,601$2,254
27 years$14,719$10,951$8,023$5,801$4,148$1,964
28 years$14,041$10,319$7,458$5,315$3,743$1,713
29 years$13,411$9,735$6,940$4,874$3,380$1,494
30 years$12,824$9,193$6,465$4,473$3,054$1,304
31 years$12,276$8,691$6,027$4,108$2,761$1,138
32 years$11,763$8,223$5,623$3,775$2,498$993
33 years$11,282$7,788$5,250$3,472$2,260$868
34 years$10,831$7,381$4,906$3,194$2,047$758
35 years$10,406$7,001$4,586$2,940$1,854$662
36 years$10,006$6,645$4,291$2,708$1,679$579
37 years$9,628$6,311$4,016$2,495$1,522$506
38 years$9,271$5,998$3,761$2,300$1,380$442
39 years$8,933$5,703$3,523$2,121$1,251$386
40 years$8,613$5,426$3,302$1,956$1,135$338
41 years$8,309$5,165$3,097$1,805$1,030$295
42 years$8,021$4,919$2,905$1,665$934$258
43 years$7,746$4,687$2,726$1,537$848$226
44 years$7,485$4,468$2,559$1,419$770$198
45 years$7,236$4,260$2,402$1,311$699$173
46 years$6,999$4,064$2,256$1,211$634$151
47 years$6,773$3,878$2,120$1,119$576$132
48 years$6,556$3,702$1,992$1,034$523$116
49 years$6,349$3,536$1,872$955$475$101
50 years$6,151$3,377$1,760$883$432$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,300,000, adding $3,808 every year, while hoping to spend $57,300 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: 67/26/7 Blend
59$6,300,000$6,300,000$6,300,000$6,300,000
60$6,946,528$6,612,628$6,514,978$7,403,426
61$7,594,107$6,875,680$6,672,263$7,970,097
62$8,305,819$7,149,701$6,832,897$8,582,100
63$9,088,144$7,435,168$6,996,930$9,249,613
64$9,948,223$7,732,580$7,164,416$9,978,047
65$10,893,923$8,042,457$7,335,405$10,773,357
66$11,933,910$8,365,344$7,509,948$11,642,093
67$13,077,733$8,701,810$7,688,095$12,591,466
68$14,335,912$9,052,450$7,869,897$13,629,410
69$15,720,040$9,417,885$8,055,403$14,764,655
70$17,242,888$9,798,764$8,244,663$16,006,812
71$18,918,527$10,195,769$8,437,724$17,366,462
72$20,762,462$10,609,607$8,634,633$18,855,247
73$22,791,778$11,041,023$8,835,438$20,485,989
74$25,025,298$11,490,791$9,040,184$22,272,801
75$27,483,763$11,959,724$9,248,914$24,231,221
76$30,190,026$12,448,670$9,461,672$26,378,358
77$33,169,270$12,958,517$9,678,500$28,733,050
78$36,449,243$13,490,191$9,899,437$31,316,041
79$40,060,519$14,044,664$10,124,522$34,150,173
80$44,036,790$14,622,950$10,353,790$37,260,600
81$48,415,177$15,226,110$10,587,278$40,675,025
82$53,236,590$15,855,253$10,825,016$44,423,957
83$58,546,103$16,511,542$11,067,035$48,540,995
84$64,393,387$17,196,189$11,313,362$53,063,146
85$70,833,174$17,910,464$11,564,022$58,031,172
86$77,925,778$18,655,696$11,819,036$63,489,965
87$85,737,657$19,433,275$12,078,423$69,488,978
88$94,342,046$20,244,654$12,342,198$76,082,680
89$103,819,646$21,091,353$12,610,373$83,331,071
90$114,259,385$21,974,964$12,882,956$91,300,246
91$125,759,256$22,897,151$13,159,949$100,063,011
92$138,427,245$23,859,657$13,441,352$109,699,572
93$152,382,345$24,864,301$13,727,159$120,298,283
94$167,755,685$25,912,993$14,017,359$131,956,482
95$184,691,761$27,007,726$14,311,937$144,781,399
96$203,349,805$28,150,588$14,610,871$158,891,169
97$223,905,282$29,343,765$14,914,132$174,415,941
98$246,551,553$30,589,541$15,221,688$191,499,102
99$271,501,694$31,890,311$15,533,497$210,298,623
100$298,990,508$33,248,577$15,849,510$230,988,550