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%16.1%
1 years$528,506$523,798$519,205$514,722$510,345$497,604
2 years$261,637$256,764$252,041$247,463$243,021$230,265
3 years$172,692$167,798$163,088$158,552$154,183$141,811
4 years$128,228$123,349$118,686$114,228$109,964$98,072
5 years$101,557$96,707$92,105$87,738$83,593$72,213
6 years$83,782$78,969$74,435$70,165$66,144$55,288
7 years$71,090$66,318$61,856$57,686$53,793$43,462
8 years$61,576$56,847$52,458$48,392$44,627$34,816
9 years$54,180$49,495$45,182$41,219$37,582$28,283
10 years$48,267$43,628$39,391$35,531$32,022$23,224
11 years$43,432$38,839$34,679$30,923$27,540$19,230
12 years$39,405$34,860$30,777$27,123$23,865$16,030
13 years$36,001$31,503$27,497$23,946$20,811$13,434
14 years$33,086$28,636$24,706$21,256$18,243$11,308
15 years$30,561$26,159$22,306$18,957$16,062$9,553
16 years$28,354$24,000$20,224$16,974$14,196$8,095
17 years$26,409$22,104$18,403$15,251$12,587$6,876
18 years$24,682$20,425$16,800$13,744$11,192$5,853
19 years$23,139$18,929$15,379$12,419$9,976$4,990
20 years$21,752$17,590$14,114$11,248$8,910$4,262
21 years$20,498$16,384$12,982$10,208$7,974$3,644
22 years$19,360$15,294$11,965$9,282$7,147$3,119
23 years$18,322$14,304$11,048$8,453$6,416$2,672
24 years$17,373$13,402$10,217$7,709$5,767$2,291
25 years$16,500$12,577$9,463$7,041$5,189$1,965
26 years$15,696$11,821$8,777$6,438$4,674$1,687
27 years$14,953$11,125$8,150$5,893$4,214$1,449
28 years$14,264$10,483$7,577$5,399$3,803$1,245
29 years$13,624$9,889$7,051$4,951$3,434$1,070
30 years$13,028$9,339$6,567$4,544$3,103$920
31 years$12,471$8,829$6,123$4,173$2,805$791
32 years$11,950$8,354$5,712$3,835$2,537$680
33 years$11,461$7,911$5,334$3,527$2,296$585
34 years$11,003$7,498$4,984$3,245$2,079$504
35 years$10,571$7,112$4,659$2,987$1,883$433
36 years$10,165$6,750$4,359$2,751$1,706$373
37 years$9,781$6,411$4,080$2,535$1,546$321
38 years$9,418$6,093$3,820$2,336$1,402$276
39 years$9,075$5,794$3,579$2,154$1,271$238
40 years$8,750$5,512$3,355$1,987$1,153$205
41 years$8,441$5,247$3,146$1,833$1,046$176
42 years$8,148$4,997$2,951$1,692$949$152
43 years$7,869$4,761$2,769$1,562$861$131
44 years$7,604$4,538$2,599$1,442$782$113
45 years$7,351$4,328$2,441$1,332$710$97
46 years$7,110$4,129$2,292$1,230$645$84
47 years$6,880$3,940$2,153$1,137$585$72
48 years$6,660$3,761$2,024$1,050$532$62
49 years$6,450$3,592$1,902$971$483$53
50 years$6,249$3,431$1,788$897$438$46

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 $4,091 every year, while hoping to spend $47,260 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: 49/30/21 Blend
59$6,400,000$6,400,000$6,400,000$6,400,000
60$7,057,020$6,717,820$6,618,620$7,360,917
61$7,726,552$6,996,709$6,790,059$7,851,334
62$8,462,792$7,287,679$6,965,658$8,378,682
63$9,272,494$7,591,273$7,145,506$8,950,597
64$10,163,101$7,908,058$7,329,693$9,571,295
65$11,142,812$8,238,628$7,518,312$10,245,411
66$12,220,660$8,583,601$7,711,456$10,978,038
67$13,406,598$8,943,629$7,909,221$11,774,777
68$14,711,595$9,319,391$8,111,704$12,641,783
69$16,147,733$9,711,596$8,319,001$13,585,828
70$17,728,327$10,120,990$8,531,213$14,614,357
71$19,468,048$10,548,350$8,748,440$15,735,558
72$21,383,061$10,994,491$8,970,785$16,958,438
73$23,491,177$11,460,264$9,198,350$18,292,907
74$25,812,022$11,946,563$9,431,240$19,749,865
75$28,367,224$12,454,319$9,669,561$21,341,308
76$31,180,610$12,984,511$9,913,422$23,080,433
77$34,278,440$13,538,160$10,162,929$24,981,765
78$37,689,647$14,116,335$10,418,193$27,061,289
79$41,446,113$14,720,158$10,679,325$29,336,595
80$45,582,971$15,350,800$10,946,436$31,827,050
81$50,138,933$16,009,488$11,219,641$34,553,967
82$55,156,658$16,697,507$11,499,052$37,540,811
83$60,683,152$17,416,200$11,784,786$40,813,412
84$66,770,216$18,166,976$12,076,958$44,400,210
85$73,474,927$18,951,307$12,375,686$48,332,515
86$80,860,185$19,770,736$12,681,086$52,644,803
87$88,995,299$20,626,878$12,993,278$57,375,033
88$97,956,648$21,521,423$13,312,381$62,565,006
89$107,828,394$22,456,141$13,638,514$68,260,753
90$118,703,284$23,432,886$13,971,799$74,512,962
91$130,683,520$24,453,597$14,312,354$81,377,459
92$143,881,723$25,520,308$14,660,302$88,915,724
93$158,422,000$26,635,144$15,015,763$97,195,466
94$174,441,112$27,800,334$15,378,860$106,291,263
95$192,089,765$29,018,211$15,749,712$116,285,252
96$211,534,035$30,291,217$16,128,440$127,267,908
97$232,956,930$31,621,910$16,515,167$139,338,881
98$256,560,123$33,012,969$16,910,011$152,607,941
99$282,565,851$34,467,201$17,313,092$167,196,002
100$311,219,017$35,987,542$17,724,529$183,236,255