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%14.5%
1 years$528,506$523,798$519,205$514,722$510,345$500,861
2 years$261,637$256,764$252,041$247,463$243,021$233,501
3 years$172,692$167,798$163,088$158,552$154,183$144,924
4 years$128,228$123,349$118,686$114,228$109,964$101,038
5 years$101,557$96,707$92,105$87,738$83,593$75,025
6 years$83,782$78,969$74,435$70,165$66,144$57,944
7 years$71,090$66,318$61,856$57,686$53,793$45,962
8 years$61,576$56,847$52,458$48,392$44,627$37,163
9 years$54,180$49,495$45,182$41,219$37,582$30,481
10 years$48,267$43,628$39,391$35,531$32,022$25,278
11 years$43,432$38,839$34,679$30,923$27,540$21,145
12 years$39,405$34,860$30,777$27,123$23,865$17,810
13 years$36,001$31,503$27,497$23,946$20,811$15,086
14 years$33,086$28,636$24,706$21,256$18,243$12,838
15 years$30,561$26,159$22,306$18,957$16,062$10,967
16 years$28,354$24,000$20,224$16,974$14,196$9,398
17 years$26,409$22,104$18,403$15,251$12,587$8,076
18 years$24,682$20,425$16,800$13,744$11,192$6,955
19 years$23,139$18,929$15,379$12,419$9,976$6,002
20 years$21,752$17,590$14,114$11,248$8,910$5,187
21 years$20,498$16,384$12,982$10,208$7,974$4,490
22 years$19,360$15,294$11,965$9,282$7,147$3,891
23 years$18,322$14,304$11,048$8,453$6,416$3,375
24 years$17,373$13,402$10,217$7,709$5,767$2,930
25 years$16,500$12,577$9,463$7,041$5,189$2,546
26 years$15,696$11,821$8,777$6,438$4,674$2,214
27 years$14,953$11,125$8,150$5,893$4,214$1,926
28 years$14,264$10,483$7,577$5,399$3,803$1,677
29 years$13,624$9,889$7,051$4,951$3,434$1,460
30 years$13,028$9,339$6,567$4,544$3,103$1,272
31 years$12,471$8,829$6,123$4,173$2,805$1,108
32 years$11,950$8,354$5,712$3,835$2,537$966
33 years$11,461$7,911$5,334$3,527$2,296$842
34 years$11,003$7,498$4,984$3,245$2,079$735
35 years$10,571$7,112$4,659$2,987$1,883$641
36 years$10,165$6,750$4,359$2,751$1,706$559
37 years$9,781$6,411$4,080$2,535$1,546$488
38 years$9,418$6,093$3,820$2,336$1,402$426
39 years$9,075$5,794$3,579$2,154$1,271$371
40 years$8,750$5,512$3,355$1,987$1,153$324
41 years$8,441$5,247$3,146$1,833$1,046$283
42 years$8,148$4,997$2,951$1,692$949$247
43 years$7,869$4,761$2,769$1,562$861$216
44 years$7,604$4,538$2,599$1,442$782$188
45 years$7,351$4,328$2,441$1,332$710$164
46 years$7,110$4,129$2,292$1,230$645$144
47 years$6,880$3,940$2,153$1,137$585$125
48 years$6,660$3,761$2,024$1,050$532$109
49 years$6,450$3,592$1,902$971$483$96
50 years$6,249$3,431$1,788$897$438$83

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 $4,945 every year, while hoping to spend $29,886 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: 66/16/18 Blend
59$6,400,000$6,400,000$6,400,000$6,400,000
60$7,057,901$6,718,701$6,619,501$7,492,031
61$7,746,008$7,016,119$6,809,456$8,080,757
62$8,503,301$7,327,108$7,004,772$8,720,163
63$9,336,804$7,652,303$7,205,599$9,418,412
64$10,254,259$7,992,367$7,412,087$10,181,271
65$11,264,195$8,347,995$7,624,394$11,015,091
66$12,376,011$8,719,914$7,842,679$11,926,859
67$13,600,062$9,108,888$8,067,106$12,924,266
68$14,947,760$9,515,715$8,297,846$14,015,778
69$16,431,678$9,941,232$8,535,071$15,210,712
70$18,065,673$10,386,315$8,778,959$16,519,327
71$19,865,010$10,851,884$9,029,693$17,952,914
72$21,846,514$11,338,899$9,287,461$19,523,905
73$24,028,723$11,848,370$9,552,455$21,245,990
74$26,432,064$12,381,351$9,824,873$23,134,240
75$29,079,046$12,938,949$10,104,919$25,205,249
76$31,994,475$13,522,323$10,392,799$27,477,292
77$35,205,682$14,132,688$10,688,729$29,970,492
78$38,742,787$14,771,315$10,992,926$32,707,010
79$42,638,980$15,439,538$11,305,618$35,711,251
80$46,930,834$16,138,753$11,627,034$39,010,094
81$51,658,651$16,870,425$11,957,412$42,633,140
82$56,866,843$17,636,085$12,296,995$46,612,995
83$62,604,350$18,437,342$12,646,033$50,985,569
84$68,925,101$19,275,879$13,004,782$55,790,416
85$75,888,524$20,153,459$13,373,505$61,071,105
86$83,560,107$21,071,933$13,752,472$66,875,629
87$92,012,018$22,033,237$14,141,959$73,256,850
88$101,323,779$23,039,402$14,542,250$80,273,004
89$111,583,026$24,092,554$14,953,637$87,988,239
90$122,886,330$25,194,924$15,376,419$96,473,223
91$135,340,108$26,348,848$15,810,901$105,805,806
92$149,061,632$27,556,774$16,257,399$116,071,751
93$164,180,131$28,821,269$16,716,235$127,365,541
94$180,838,015$30,145,022$17,187,740$139,791,265
95$199,192,216$31,530,851$17,672,252$153,463,600
96$219,415,670$32,981,711$18,170,121$168,508,887
97$241,698,950$34,500,697$18,681,702$185,066,320
98$266,252,066$36,091,054$19,207,362$203,289,254
99$293,306,445$37,756,183$19,747,476$223,346,654
100$323,117,115$39,499,648$20,302,429$245,424,676