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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$520,248$515,614$511,093$506,680$502,371$494,048
2 years$257,549$252,752$248,103$243,596$239,224$230,864
3 years$169,994$165,176$160,539$156,074$151,774$143,635
4 years$126,225$121,422$116,831$112,443$108,246$100,393
5 years$99,970$95,196$90,666$86,367$82,287$74,741
6 years$82,473$77,735$73,272$69,068$65,111$57,881
7 years$69,980$65,282$60,889$56,785$52,953$46,042
8 years$60,614$55,958$51,639$47,635$43,929$37,335
9 years$53,333$48,722$44,476$40,575$36,995$30,714
10 years$47,512$42,946$38,776$34,976$31,521$25,549
11 years$42,753$38,232$34,137$30,439$27,110$21,439
12 years$38,789$34,315$30,296$26,700$23,493$18,116
13 years$35,438$31,011$27,068$23,572$20,486$15,396
14 years$32,569$28,188$24,320$20,924$17,958$13,146
15 years$30,084$25,750$21,958$18,661$15,812$11,269
16 years$27,911$23,625$19,908$16,709$13,974$9,691
17 years$25,997$21,758$18,116$15,013$12,391$8,357
18 years$24,297$20,106$16,537$13,529$11,017$7,224
19 years$22,777$18,634$15,139$12,225$9,820$6,256
20 years$21,412$17,315$13,894$11,072$8,771$5,428
21 years$20,178$16,128$12,780$10,049$7,849$4,716
22 years$19,057$15,055$11,778$9,136$7,036$4,102
23 years$18,036$14,081$10,875$8,321$6,316$3,572
24 years$17,101$13,193$10,058$7,589$5,677$3,114
25 years$16,242$12,381$9,316$6,931$5,108$2,716
26 years$15,451$11,636$8,640$6,337$4,601$2,371
27 years$14,719$10,951$8,023$5,801$4,148$2,071
28 years$14,041$10,319$7,458$5,315$3,743$1,810
29 years$13,411$9,735$6,940$4,874$3,380$1,583
30 years$12,824$9,193$6,465$4,473$3,054$1,385
31 years$12,276$8,691$6,027$4,108$2,761$1,212
32 years$11,763$8,223$5,623$3,775$2,498$1,061
33 years$11,282$7,788$5,250$3,472$2,260$929
34 years$10,831$7,381$4,906$3,194$2,047$813
35 years$10,406$7,001$4,586$2,940$1,854$712
36 years$10,006$6,645$4,291$2,708$1,679$624
37 years$9,628$6,311$4,016$2,495$1,522$547
38 years$9,271$5,998$3,761$2,300$1,380$479
39 years$8,933$5,703$3,523$2,121$1,251$420
40 years$8,613$5,426$3,302$1,956$1,135$368
41 years$8,309$5,165$3,097$1,805$1,030$323
42 years$8,021$4,919$2,905$1,665$934$283
43 years$7,746$4,687$2,726$1,537$848$248
44 years$7,485$4,468$2,559$1,419$770$217
45 years$7,236$4,260$2,402$1,311$699$191
46 years$6,999$4,064$2,256$1,211$634$167
47 years$6,773$3,878$2,120$1,119$576$147
48 years$6,556$3,702$1,992$1,034$523$129
49 years$6,349$3,536$1,872$955$475$113
50 years$6,151$3,377$1,760$883$432$99

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 $2,108 every year, while hoping to spend $31,309 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: 52/27/21 Blend
59$6,300,000$6,300,000$6,300,000$6,300,000
60$6,944,774$6,610,874$6,513,224$7,265,470
61$7,619,829$6,901,495$6,698,105$7,777,342
62$8,362,690$7,205,306$6,888,130$8,330,399
63$9,180,240$7,522,922$7,083,438$8,931,314
64$10,080,063$7,854,984$7,284,172$9,584,647
65$11,070,517$8,202,166$7,490,479$10,295,409
66$12,160,810$8,565,172$7,702,510$11,069,110
67$13,361,086$8,944,739$7,920,418$11,911,805
68$14,682,528$9,341,642$8,144,363$12,830,155
69$16,137,452$9,756,689$8,374,505$13,831,483
70$17,739,434$10,190,728$8,611,013$14,923,845
71$19,503,430$10,644,649$8,854,056$16,116,100
72$21,445,924$11,119,380$9,103,811$17,417,995
73$23,585,076$11,615,897$9,360,456$18,840,252
74$25,940,899$12,135,221$9,624,176$20,394,669
75$28,535,445$12,678,422$9,895,161$22,094,227
76$31,393,015$13,246,619$10,173,604$23,953,210
77$34,540,386$13,840,987$10,459,703$25,987,339
78$38,007,066$14,462,756$10,753,664$28,213,914
79$41,825,569$15,113,214$11,055,694$30,651,980
80$46,031,726$15,793,710$11,366,008$33,322,496
81$50,665,019$16,505,658$11,684,826$36,248,537
82$55,768,957$17,250,541$12,012,374$39,455,503
83$61,391,484$18,029,911$12,348,882$42,971,358
84$67,585,432$18,845,394$12,694,586$46,826,890
85$74,409,022$19,698,694$13,049,730$51,055,996
86$81,926,409$20,591,596$13,414,563$55,695,999
87$90,208,290$21,525,973$13,789,339$60,787,999
88$99,332,574$22,503,783$14,174,320$66,377,250
89$109,385,110$23,527,082$14,569,773$72,513,589
90$120,460,504$24,598,022$14,975,973$79,251,898
91$132,663,009$25,718,859$15,393,202$86,652,619
92$146,107,509$26,891,956$15,821,747$94,782,315
93$160,920,603$28,119,790$16,261,904$103,714,301
94$177,241,802$29,404,957$16,713,975$113,529,321
95$195,224,843$30,750,177$17,178,270$124,316,312
96$215,039,142$32,158,300$17,655,107$136,173,232
97$236,871,392$33,632,315$18,144,812$149,207,981
98$260,927,328$35,175,352$18,647,716$163,539,411
99$287,433,662$36,790,691$19,164,162$179,298,443
100$316,640,233$38,481,773$19,694,499$196,629,293