Can I retire at age 60 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$553,280$548,351$543,543$538,850$534,267$519,666
2 years$273,901$268,800$263,856$259,063$254,413$239,809
3 years$180,787$175,664$170,732$165,984$161,410$147,260
4 years$134,239$129,131$124,249$119,582$115,119$101,533
5 years$106,317$101,241$96,423$91,850$87,512$74,526
6 years$87,709$82,671$77,924$73,454$69,245$56,872
7 years$74,423$69,427$64,755$60,390$56,315$44,555
8 years$64,463$59,511$54,917$50,660$46,718$35,566
9 years$56,720$51,815$47,300$43,151$39,344$28,788
10 years$50,529$45,673$41,238$37,197$33,523$23,551
11 years$45,467$40,660$36,305$32,372$28,831$19,426
12 years$41,252$36,494$32,220$28,395$24,984$16,130
13 years$37,689$32,980$28,786$25,068$21,787$13,463
14 years$34,636$29,978$25,864$22,253$19,098$11,286
15 years$31,994$27,385$23,352$19,846$16,815$9,494
16 years$29,684$25,125$21,172$17,770$14,862$8,010
17 years$27,647$23,140$19,266$15,966$13,177$6,775
18 years$25,839$21,382$17,587$14,388$11,717$5,741
19 years$24,224$19,817$16,100$13,001$10,443$4,873
20 years$22,771$18,415$14,776$11,775$9,328$4,143
21 years$21,459$17,152$13,591$10,687$8,348$3,526
22 years$20,267$16,011$12,526$9,717$7,482$3,004
23 years$19,181$14,975$11,566$8,849$6,717$2,561
24 years$18,187$14,031$10,696$8,071$6,037$2,185
25 years$17,274$13,167$9,907$7,371$5,432$1,866
26 years$16,432$12,375$9,188$6,739$4,893$1,594
27 years$15,654$11,646$8,532$6,169$4,412$1,362
28 years$14,933$10,974$7,932$5,652$3,981$1,165
29 years$14,263$10,353$7,381$5,183$3,595$996
30 years$13,638$9,777$6,875$4,757$3,248$852
31 years$13,055$9,243$6,410$4,369$2,936$729
32 years$12,510$8,745$5,980$4,015$2,656$624
33 years$11,999$8,282$5,584$3,692$2,404$534
34 years$11,519$7,850$5,217$3,397$2,176$457
35 years$11,067$7,445$4,878$3,127$1,971$392
36 years$10,641$7,067$4,563$2,880$1,786$335
37 years$10,239$6,712$4,271$2,654$1,619$287
38 years$9,860$6,378$3,999$2,446$1,468$246
39 years$9,500$6,065$3,747$2,255$1,331$211
40 years$9,160$5,771$3,512$2,080$1,207$181
41 years$8,837$5,493$3,293$1,919$1,095$155
42 years$8,530$5,231$3,089$1,771$994$132
43 years$8,238$4,984$2,899$1,635$902$113
44 years$7,961$4,751$2,721$1,510$819$97
45 years$7,696$4,531$2,555$1,394$743$83
46 years$7,444$4,322$2,400$1,288$675$71
47 years$7,203$4,125$2,254$1,190$613$61
48 years$6,972$3,938$2,119$1,099$556$52
49 years$6,752$3,760$1,991$1,016$505$45
50 years$6,542$3,592$1,872$939$459$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,700,000, adding $3,856 every year, while hoping to spend $47,837 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: 67/25/8 Blend
59$6,700,000$6,700,000$6,700,000$6,700,000
60$7,387,377$7,032,277$6,928,427$7,871,122
61$8,089,992$7,325,961$7,109,632$8,486,460
62$8,862,669$7,632,431$7,295,303$9,152,816
63$9,712,506$7,952,265$7,485,540$9,880,028
64$10,647,321$8,286,065$7,680,445$10,674,034
65$11,675,727$8,634,462$7,880,119$11,541,370
66$12,807,215$8,998,114$8,084,667$12,489,224
67$14,052,243$9,377,714$8,294,195$13,525,508
68$15,422,332$9,773,982$8,508,811$14,658,926
69$16,930,179$10,187,676$8,728,625$15,899,061
70$18,589,771$10,619,586$8,953,748$17,256,457
71$20,416,522$11,070,540$9,184,293$18,742,721
72$22,427,416$11,541,405$9,420,375$20,370,629
73$24,641,165$12,033,087$9,662,110$22,154,247
74$27,078,390$12,546,535$9,909,618$24,109,058
75$29,761,814$13,082,742$10,163,017$26,252,108
76$32,716,471$13,642,749$10,422,430$28,602,165
77$35,969,950$14,227,643$10,687,981$31,179,896
78$39,552,651$14,838,563$10,959,794$34,008,054
79$43,498,071$15,476,702$11,237,997$37,111,695
80$47,843,121$16,143,308$11,522,717$40,518,411
81$52,628,477$16,839,688$11,814,086$44,258,587
82$57,898,958$17,567,208$12,112,234$48,365,686
83$63,703,953$18,327,302$12,417,294$52,876,558
84$70,097,885$19,121,469$12,729,403$57,831,794
85$77,140,726$19,951,278$13,048,695$63,276,094
86$84,898,562$20,818,373$13,375,308$69,258,696
87$93,444,216$21,724,474$13,709,381$75,833,830
88$102,857,935$22,671,382$14,051,055$83,061,231
89$113,228,150$23,660,986$14,400,471$91,006,697
90$124,652,306$24,695,259$14,757,772$99,742,706
91$137,237,785$25,776,270$15,123,101$109,349,098
92$151,102,918$26,906,186$15,496,603$119,913,820
93$166,378,100$28,087,274$15,878,424$131,533,757
94$183,207,026$29,321,910$16,268,711$144,315,638
95$201,748,041$30,612,582$16,667,611$158,377,042
96$222,175,637$31,961,894$17,075,271$173,847,499
97$244,682,100$33,372,575$17,491,842$190,869,710
98$269,479,326$34,847,483$17,917,470$209,600,887
99$296,800,819$36,389,611$18,352,306$230,214,233
100$326,903,893$38,002,092$18,796,499$252,900,570