Can I retire at age 60 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$528,506$523,798$519,205$514,722$510,345$490,872
2 years$261,637$256,764$252,041$247,463$243,021$223,632
3 years$172,692$167,798$163,088$158,552$154,183$135,487
4 years$128,228$123,349$118,686$114,228$109,964$92,104
5 years$101,557$96,707$92,105$87,738$83,593$66,615
6 years$83,782$78,969$74,435$70,165$66,144$50,060
7 years$71,090$66,318$61,856$57,686$53,793$38,597
8 years$61,576$56,847$52,458$48,392$44,627$30,305
9 years$54,180$49,495$45,182$41,219$37,582$24,114
10 years$48,267$43,628$39,391$35,531$32,022$19,382
11 years$43,432$38,839$34,679$30,923$27,540$15,701
12 years$39,405$34,860$30,777$27,123$23,865$12,796
13 years$36,001$31,503$27,497$23,946$20,811$10,479
14 years$33,086$28,636$24,706$21,256$18,243$8,616
15 years$30,561$26,159$22,306$18,957$16,062$7,105
16 years$28,354$24,000$20,224$16,974$14,196$5,875
17 years$26,409$22,104$18,403$15,251$12,587$4,867
18 years$24,682$20,425$16,800$13,744$11,192$4,040
19 years$23,139$18,929$15,379$12,419$9,976$3,357
20 years$21,752$17,590$14,114$11,248$8,910$2,793
21 years$20,498$16,384$12,982$10,208$7,974$2,327
22 years$19,360$15,294$11,965$9,282$7,147$1,939
23 years$18,322$14,304$11,048$8,453$6,416$1,617
24 years$17,373$13,402$10,217$7,709$5,767$1,350
25 years$16,500$12,577$9,463$7,041$5,189$1,127
26 years$15,696$11,821$8,777$6,438$4,674$941
27 years$14,953$11,125$8,150$5,893$4,214$786
28 years$14,264$10,483$7,577$5,399$3,803$657
29 years$13,624$9,889$7,051$4,951$3,434$549
30 years$13,028$9,339$6,567$4,544$3,103$459
31 years$12,471$8,829$6,123$4,173$2,805$384
32 years$11,950$8,354$5,712$3,835$2,537$321
33 years$11,461$7,911$5,334$3,527$2,296$269
34 years$11,003$7,498$4,984$3,245$2,079$225
35 years$10,571$7,112$4,659$2,987$1,883$188
36 years$10,165$6,750$4,359$2,751$1,706$157
37 years$9,781$6,411$4,080$2,535$1,546$132
38 years$9,418$6,093$3,820$2,336$1,402$110
39 years$9,075$5,794$3,579$2,154$1,271$92
40 years$8,750$5,512$3,355$1,987$1,153$77
41 years$8,441$5,247$3,146$1,833$1,046$64
42 years$8,148$4,997$2,951$1,692$949$54
43 years$7,869$4,761$2,769$1,562$861$45
44 years$7,604$4,538$2,599$1,442$782$38
45 years$7,351$4,328$2,441$1,332$710$32
46 years$7,110$4,129$2,292$1,230$645$26
47 years$6,880$3,940$2,153$1,137$585$22
48 years$6,660$3,761$2,024$1,050$532$19
49 years$6,450$3,592$1,902$971$483$15
50 years$6,249$3,431$1,788$897$438$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,400,000, adding $6,761 every year, while hoping to spend $56,334 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: 49/24/27 Blend
59$6,400,000$6,400,000$6,400,000$6,400,000
60$7,059,774$6,720,574$6,621,374$7,351,276
61$7,719,932$6,989,943$6,783,251$7,825,472
62$8,445,538$7,270,623$6,948,663$8,334,240
63$9,243,208$7,563,109$7,117,669$8,885,900
64$10,120,232$7,867,918$7,290,327$9,484,536
65$11,084,640$8,185,591$7,466,697$10,134,636
66$12,145,280$8,516,691$7,646,839$10,841,137
67$13,311,901$8,861,811$7,830,810$11,609,469
68$14,595,243$9,221,568$8,018,670$12,445,602
69$16,007,140$9,596,607$8,210,477$13,356,107
70$17,560,630$9,987,603$8,406,291$14,348,210
71$19,270,081$10,395,262$8,606,168$15,429,863
72$21,151,321$10,820,321$8,810,166$16,609,815
73$23,221,791$11,263,553$9,018,342$17,897,694
74$25,500,710$11,725,763$9,230,753$19,304,097
75$28,009,254$12,207,797$9,447,454$20,840,686
76$30,770,754$12,710,535$9,668,500$22,520,299
77$33,810,921$13,234,901$9,893,945$24,357,064
78$37,158,083$13,781,860$10,123,841$26,366,538
79$40,843,457$14,352,421$10,358,239$28,565,845
80$44,901,440$14,947,639$10,597,190$30,973,838
81$49,369,933$15,568,620$10,840,742$33,611,277
82$54,290,702$16,216,518$11,088,943$36,501,016
83$59,709,768$16,892,542$11,341,837$39,668,224
84$65,677,844$17,597,955$11,599,467$43,140,615
85$72,250,809$18,334,081$11,861,875$46,948,709
86$79,490,243$19,102,302$12,129,099$51,126,114
87$87,464,000$19,904,067$12,401,176$55,709,847
88$96,246,850$20,740,889$12,678,138$60,740,674
89$105,921,190$21,614,353$12,960,016$66,263,492
90$116,577,812$22,526,118$13,246,838$72,327,756
91$128,316,769$23,477,918$13,538,628$78,987,934
92$141,248,313$24,471,568$13,835,404$86,304,023
93$155,493,935$25,508,970$14,137,185$94,342,111
94$171,187,518$26,592,110$14,443,982$103,174,993
95$188,476,591$27,723,070$14,755,802$112,882,861
96$207,523,730$28,904,028$15,072,648$123,554,052
97$228,508,088$30,137,262$15,394,519$135,285,876
98$251,627,083$31,425,158$15,721,405$148,185,536
99$277,098,267$32,770,213$16,053,294$162,371,130
100$305,161,377$34,175,040$16,390,166$177,972,764