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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$545,022$540,167$535,431$530,807$526,293$513,154
2 years$269,813$264,788$259,918$255,196$250,616$237,461
3 years$178,088$173,042$168,184$163,506$159,001$146,243
4 years$132,235$127,204$122,395$117,797$113,401$101,137
5 years$104,731$99,729$94,983$90,480$86,206$74,470
6 years$86,400$81,437$76,761$72,357$68,211$57,016
7 years$73,312$68,390$63,789$59,489$55,474$44,820
8 years$63,500$58,623$54,098$49,904$46,021$35,904
9 years$55,873$51,042$46,594$42,507$38,757$29,167
10 years$49,775$44,991$40,622$36,641$33,022$23,950
11 years$44,789$40,053$35,763$31,889$28,400$19,831
12 years$40,637$35,949$31,739$27,971$24,611$16,531
13 years$37,126$32,488$28,356$24,694$21,461$13,854
14 years$34,119$29,530$25,478$21,921$18,813$11,662
15 years$31,516$26,977$23,004$19,549$16,564$9,852
16 years$29,240$24,750$20,856$17,504$14,640$8,348
17 years$27,235$22,794$18,978$15,728$12,981$7,091
18 years$25,454$21,063$17,325$14,174$11,542$6,036
19 years$23,862$19,521$15,860$12,807$10,287$5,146
20 years$22,431$18,140$14,555$11,599$9,189$4,395
21 years$21,139$16,896$13,388$10,527$8,223$3,758
22 years$19,965$15,772$12,339$9,572$7,371$3,216
23 years$18,895$14,751$11,393$8,717$6,616$2,755
24 years$17,915$13,821$10,537$7,950$5,947$2,362
25 years$17,016$12,970$9,759$7,261$5,351$2,027
26 years$16,187$12,190$9,051$6,639$4,820$1,740
27 years$15,420$11,472$8,405$6,077$4,346$1,494
28 years$14,710$10,810$7,813$5,568$3,921$1,284
29 years$14,050$10,198$7,271$5,106$3,541$1,103
30 years$13,435$9,631$6,773$4,686$3,199$949
31 years$12,861$9,105$6,314$4,303$2,893$816
32 years$12,323$8,615$5,891$3,955$2,617$702
33 years$11,820$8,158$5,500$3,637$2,368$604
34 years$11,347$7,732$5,139$3,346$2,144$519
35 years$10,902$7,334$4,805$3,080$1,942$447
36 years$10,482$6,961$4,495$2,837$1,759$385
37 years$10,087$6,611$4,207$2,614$1,595$331
38 years$9,713$6,283$3,940$2,409$1,446$285
39 years$9,359$5,975$3,691$2,221$1,311$245
40 years$9,023$5,684$3,460$2,049$1,189$211
41 years$8,705$5,411$3,244$1,890$1,079$182
42 years$8,403$5,153$3,043$1,745$979$157
43 years$8,115$4,910$2,856$1,611$888$135
44 years$7,842$4,680$2,680$1,487$806$116
45 years$7,581$4,463$2,517$1,373$732$100
46 years$7,332$4,258$2,364$1,269$665$86
47 years$7,095$4,063$2,221$1,172$604$74
48 years$6,868$3,879$2,087$1,083$548$64
49 years$6,651$3,704$1,962$1,001$498$55
50 years$6,444$3,538$1,844$925$452$47

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 $3,799 every year, while hoping to spend $24,658 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: 44/47/9 Blend
59$6,600,000$6,600,000$6,600,000$6,600,000
60$7,277,119$6,927,319$6,825,019$7,578,456
61$7,993,149$7,240,521$7,027,421$8,101,029
62$8,781,388$7,568,245$7,235,777$8,664,246
63$9,649,174$7,911,174$7,450,261$9,274,104
64$10,604,596$8,270,027$7,671,050$9,934,893
65$11,656,564$8,645,557$7,898,329$10,651,323
66$12,814,896$9,038,553$8,132,287$11,428,562
67$14,090,414$9,449,840$8,373,117$12,272,281
68$15,495,039$9,880,285$8,621,019$13,188,708
69$17,041,909$10,330,795$8,876,199$14,184,677
70$18,745,501$10,802,321$9,138,868$15,267,698
71$20,621,766$11,295,859$9,409,245$16,446,017
72$22,688,283$11,812,453$9,687,552$17,728,693
73$24,964,423$12,353,198$9,974,020$19,125,680
74$27,471,530$12,919,241$10,268,885$20,647,914
75$30,233,125$13,511,783$10,572,392$22,307,415
76$33,275,127$14,132,083$10,884,790$24,117,396
77$36,626,097$14,781,462$11,206,338$26,092,380
78$40,317,509$15,461,304$11,537,300$28,248,335
79$44,384,045$16,173,058$11,877,949$30,602,818
80$48,863,923$16,918,243$12,228,566$33,175,135
81$53,799,258$17,698,452$12,589,438$35,986,519
82$59,236,462$18,515,355$12,960,863$39,060,325
83$65,226,675$19,370,701$13,343,146$42,422,241
84$71,826,254$20,266,325$13,736,600$46,100,527
85$79,097,304$21,204,147$14,141,549$50,126,274
86$87,108,262$22,186,182$14,558,323$54,533,690
87$95,934,543$23,214,543$14,987,265$59,360,415
88$105,659,253$24,291,443$15,428,725$64,647,871
89$116,373,974$25,419,201$15,883,065$70,441,639
90$128,179,628$26,600,251$16,350,656$76,791,890
91$141,187,427$27,837,140$16,831,880$83,753,840
92$155,519,926$29,132,541$17,327,129$91,388,268
93$171,312,178$30,489,255$17,836,808$99,762,077
94$188,713,010$31,910,219$18,361,331$108,948,917
95$207,886,428$33,398,510$18,901,126$119,029,868
96$229,013,162$34,957,355$19,456,632$130,094,195
97$252,292,375$36,590,137$20,028,300$142,240,178
98$277,943,545$38,300,400$20,616,596$155,576,027
99$306,208,530$40,091,864$21,221,995$170,220,894
100$337,353,858$41,968,423$21,844,990$186,305,979