Can I retire at age 60 with 6,600,000?

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 $6,600,000?

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$545,022$540,167$535,431$530,807$526,293$517,574
2 years$269,813$264,788$259,918$255,196$250,616$241,857
3 years$178,088$173,042$168,184$163,506$159,001$150,475
4 years$132,235$127,204$122,395$117,797$113,401$105,174
5 years$104,731$99,729$94,983$90,480$86,206$78,300
6 years$86,400$81,437$76,761$72,357$68,211$60,638
7 years$73,312$68,390$63,789$59,489$55,474$48,234
8 years$63,500$58,623$54,098$49,904$46,021$39,113
9 years$55,873$51,042$46,594$42,507$38,757$32,177
10 years$49,775$44,991$40,622$36,641$33,022$26,766
11 years$44,789$40,053$35,763$31,889$28,400$22,460
12 years$40,637$35,949$31,739$27,971$24,611$18,979
13 years$37,126$32,488$28,356$24,694$21,461$16,130
14 years$34,119$29,530$25,478$21,921$18,813$13,772
15 years$31,516$26,977$23,004$19,549$16,564$11,805
16 years$29,240$24,750$20,856$17,504$14,640$10,152
17 years$27,235$22,794$18,978$15,728$12,981$8,755
18 years$25,454$21,063$17,325$14,174$11,542$7,568
19 years$23,862$19,521$15,860$12,807$10,287$6,554
20 years$22,431$18,140$14,555$11,599$9,189$5,686
21 years$21,139$16,896$13,388$10,527$8,223$4,940
22 years$19,965$15,772$12,339$9,572$7,371$4,298
23 years$18,895$14,751$11,393$8,717$6,616$3,742
24 years$17,915$13,821$10,537$7,950$5,947$3,262
25 years$17,016$12,970$9,759$7,261$5,351$2,846
26 years$16,187$12,190$9,051$6,639$4,820$2,484
27 years$15,420$11,472$8,405$6,077$4,346$2,170
28 years$14,710$10,810$7,813$5,568$3,921$1,897
29 years$14,050$10,198$7,271$5,106$3,541$1,658
30 years$13,435$9,631$6,773$4,686$3,199$1,451
31 years$12,861$9,105$6,314$4,303$2,893$1,269
32 years$12,323$8,615$5,891$3,955$2,617$1,111
33 years$11,820$8,158$5,500$3,637$2,368$973
34 years$11,347$7,732$5,139$3,346$2,144$852
35 years$10,902$7,334$4,805$3,080$1,942$746
36 years$10,482$6,961$4,495$2,837$1,759$654
37 years$10,087$6,611$4,207$2,614$1,595$573
38 years$9,713$6,283$3,940$2,409$1,446$502
39 years$9,359$5,975$3,691$2,221$1,311$440
40 years$9,023$5,684$3,460$2,049$1,189$386
41 years$8,705$5,411$3,244$1,890$1,079$338
42 years$8,403$5,153$3,043$1,745$979$296
43 years$8,115$4,910$2,856$1,611$888$260
44 years$7,842$4,680$2,680$1,487$806$228
45 years$7,581$4,463$2,517$1,373$732$200
46 years$7,332$4,258$2,364$1,269$665$175
47 years$7,095$4,063$2,221$1,172$604$154
48 years$6,868$3,879$2,087$1,083$548$135
49 years$6,651$3,704$1,962$1,001$498$118
50 years$6,444$3,538$1,844$925$452$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,600,000, adding $3,724 every year, while hoping to spend $50,158 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: 51/39/10 Blend
59$6,600,000$6,600,000$6,600,000$6,600,000
60$7,277,041$6,927,241$6,824,941$7,628,918
61$7,965,932$7,213,308$7,000,209$8,155,496
62$8,723,408$7,511,712$7,179,667$8,721,965
63$9,556,413$7,823,003$7,363,403$9,336,601
64$10,472,595$8,147,758$7,551,506$10,003,948
65$11,480,384$8,486,582$7,744,065$10,729,000
66$12,589,063$8,840,105$7,941,171$11,517,242
67$13,808,865$9,208,987$8,142,918$12,374,705
68$15,151,062$9,593,920$8,349,398$13,308,017
69$16,628,073$9,995,626$8,560,707$14,324,464
70$18,253,586$10,414,861$8,776,939$15,432,056
71$20,042,679$10,852,416$8,998,194$16,639,602
72$22,011,967$11,309,119$9,224,568$17,956,789
73$24,179,757$11,785,836$9,456,161$19,394,272
74$26,566,223$12,283,472$9,693,073$20,963,768
75$29,193,593$12,802,978$9,935,406$22,678,170
76$32,086,360$13,345,343$10,183,262$24,551,659
77$35,271,511$13,911,608$10,436,744$26,599,839
78$38,778,787$14,502,859$10,695,957$28,839,880
79$42,640,957$15,120,233$10,961,005$31,290,676
80$46,894,131$15,764,920$11,231,995$33,973,018
81$51,578,097$16,438,166$11,509,032$36,909,790
82$56,736,703$17,141,276$11,792,224$40,126,179
83$62,418,262$17,875,614$12,081,679$43,649,909
84$68,676,014$18,642,608$12,377,504$47,511,497
85$75,568,625$19,443,754$12,679,809$51,744,539
86$83,160,745$20,280,618$12,988,702$56,386,019
87$91,523,610$21,154,838$13,304,293$61,476,657
88$100,735,723$22,068,129$13,626,692$67,061,285
89$110,883,587$23,022,288$13,956,006$73,189,267
90$122,062,527$24,019,194$14,292,347$79,914,959
91$134,377,587$25,060,817$14,635,822$87,298,213
92$147,944,521$26,149,216$14,986,542$95,404,940
93$162,890,884$27,286,550$15,344,614$104,307,725
94$179,357,242$28,475,079$15,710,146$114,086,501
95$197,498,490$29,717,167$16,083,245$124,829,304
96$217,485,320$31,015,292$16,464,017$136,633,091
97$239,505,828$32,372,047$16,852,568$149,604,647
98$263,767,295$33,790,150$17,249,001$163,861,590
99$290,498,135$35,272,443$17,653,418$179,533,468
100$319,950,058$36,821,905$18,065,921$196,762,978