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%14.2%
1 years$520,248$515,614$511,093$506,680$502,371$493,642
2 years$257,549$252,752$248,103$243,596$239,224$230,459
3 years$169,994$165,176$160,539$156,074$151,774$143,244
4 years$126,225$121,422$116,831$112,443$108,246$100,018
5 years$99,970$95,196$90,666$86,367$82,287$74,384
6 years$82,473$77,735$73,272$69,068$65,111$57,543
7 years$69,980$65,282$60,889$56,785$52,953$45,721
8 years$60,614$55,958$51,639$47,635$43,929$37,032
9 years$53,333$48,722$44,476$40,575$36,995$30,429
10 years$47,512$42,946$38,776$34,976$31,521$25,281
11 years$42,753$38,232$34,137$30,439$27,110$21,187
12 years$38,789$34,315$30,296$26,700$23,493$17,880
13 years$35,438$31,011$27,068$23,572$20,486$15,176
14 years$32,569$28,188$24,320$20,924$17,958$12,940
15 years$30,084$25,750$21,958$18,661$15,812$11,077
16 years$27,911$23,625$19,908$16,709$13,974$9,513
17 years$25,997$21,758$18,116$15,013$12,391$8,192
18 years$24,297$20,106$16,537$13,529$11,017$7,070
19 years$22,777$18,634$15,139$12,225$9,820$6,115
20 years$21,412$17,315$13,894$11,072$8,771$5,297
21 years$20,178$16,128$12,780$10,049$7,849$4,595
22 years$19,057$15,055$11,778$9,136$7,036$3,991
23 years$18,036$14,081$10,875$8,321$6,316$3,470
24 years$17,101$13,193$10,058$7,589$5,677$3,020
25 years$16,242$12,381$9,316$6,931$5,108$2,631
26 years$15,451$11,636$8,640$6,337$4,601$2,293
27 years$14,719$10,951$8,023$5,801$4,148$2,000
28 years$14,041$10,319$7,458$5,315$3,743$1,745
29 years$13,411$9,735$6,940$4,874$3,380$1,523
30 years$12,824$9,193$6,465$4,473$3,054$1,330
31 years$12,276$8,691$6,027$4,108$2,761$1,162
32 years$11,763$8,223$5,623$3,775$2,498$1,015
33 years$11,282$7,788$5,250$3,472$2,260$888
34 years$10,831$7,381$4,906$3,194$2,047$776
35 years$10,406$7,001$4,586$2,940$1,854$679
36 years$10,006$6,645$4,291$2,708$1,679$593
37 years$9,628$6,311$4,016$2,495$1,522$519
38 years$9,271$5,998$3,761$2,300$1,380$454
39 years$8,933$5,703$3,523$2,121$1,251$397
40 years$8,613$5,426$3,302$1,956$1,135$348
41 years$8,309$5,165$3,097$1,805$1,030$304
42 years$8,021$4,919$2,905$1,665$934$266
43 years$7,746$4,687$2,726$1,537$848$233
44 years$7,485$4,468$2,559$1,419$770$204
45 years$7,236$4,260$2,402$1,311$699$179
46 years$6,999$4,064$2,256$1,211$634$156
47 years$6,773$3,878$2,120$1,119$576$137
48 years$6,556$3,702$1,992$1,034$523$120
49 years$6,349$3,536$1,872$955$475$105
50 years$6,151$3,377$1,760$883$432$92

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 $4,118 every year, while hoping to spend $30,603 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: 62/15/23 Blend
59$6,300,000$6,300,000$6,300,000$6,300,000
60$6,946,848$6,612,948$6,515,298$7,335,298
61$7,622,865$6,904,421$6,700,999$7,890,067
62$8,366,810$7,209,150$6,891,895$8,491,767
63$9,185,580$7,527,754$7,088,129$9,148,044
64$10,086,772$7,860,877$7,289,845$9,864,226
65$11,078,761$8,209,198$7,497,192$10,646,176
66$12,170,772$8,573,426$7,710,325$11,500,346
67$13,372,969$8,954,303$7,929,400$12,433,836
68$14,696,556$9,352,607$8,154,579$13,454,459
69$16,153,874$9,769,154$8,386,026$14,570,817
70$17,758,524$10,204,797$8,623,913$15,792,376
71$19,525,492$10,660,431$8,868,413$17,129,558
72$21,471,292$11,136,993$9,119,705$18,593,837
73$23,614,121$11,635,463$9,377,972$20,197,842
74$25,974,031$12,156,870$9,643,404$21,955,481
75$28,573,116$12,702,291$9,916,192$23,882,065
76$31,435,725$13,272,854$10,196,535$25,994,455
77$34,588,687$13,869,741$10,484,637$28,311,216
78$38,061,566$14,494,192$10,780,705$30,852,792
79$41,886,941$15,147,502$11,084,954$33,641,697
80$46,100,712$15,831,033$11,397,603$36,702,726
81$50,742,438$16,546,207$11,718,876$40,063,185
82$55,855,713$17,294,518$12,049,005$43,753,148
83$61,488,575$18,077,528$12,388,226$47,805,740
84$67,693,960$18,896,877$12,736,782$52,257,444
85$74,530,201$19,754,281$13,094,921$57,148,445
86$82,061,579$20,651,538$13,462,899$62,523,007
87$90,358,931$21,590,534$13,840,976$68,429,886
88$99,500,315$22,573,244$14,229,422$74,922,790
89$109,571,751$23,601,737$14,628,512$82,060,882
90$120,668,029$24,678,181$15,038,526$89,909,336
91$132,893,606$25,804,850$15,459,755$98,539,946
92$146,363,591$26,984,125$15,892,494$108,031,805
93$161,204,832$28,218,502$16,337,048$118,472,047
94$177,557,113$29,510,597$16,793,726$129,956,661
95$195,574,472$30,863,149$17,262,850$142,591,402
96$215,426,657$32,279,033$17,744,744$156,492,778
97$237,300,729$33,761,258$18,239,746$171,789,149
98$261,402,823$35,312,979$18,748,197$188,621,933
99$287,960,099$36,937,503$19,270,450$207,146,941
100$317,222,884$38,638,296$19,806,865$227,535,836