Can I retire at age 60 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$561,538$556,536$551,656$546,893$542,242$534,801
2 years$277,989$272,812$267,794$262,929$258,210$250,727
3 years$183,485$178,285$173,280$168,461$163,819$156,526
4 years$136,242$131,059$126,104$121,367$116,837$109,790
5 years$107,904$102,752$97,862$93,221$88,818$82,038
6 years$89,018$83,904$79,087$74,550$70,279$63,773
7 years$75,534$70,463$65,722$61,292$57,155$50,927
8 years$65,425$60,400$55,737$51,416$47,416$41,464
9 years$57,566$52,589$48,006$43,795$39,931$34,253
10 years$51,283$46,354$41,853$37,752$34,023$28,614
11 years$46,146$41,267$36,847$32,855$29,261$24,116
12 years$41,868$37,039$32,701$28,819$25,357$20,471
13 years$38,251$33,472$29,216$25,442$22,112$17,477
14 years$35,153$30,425$26,250$22,585$19,383$14,993
15 years$32,471$27,794$23,701$20,142$17,066$12,914
16 years$30,127$25,500$21,488$18,035$15,083$11,160
17 years$28,060$23,485$19,553$16,204$13,374$9,672
18 years$26,225$21,701$17,850$14,603$11,891$8,402
19 years$24,585$20,112$16,341$13,195$10,599$7,315
20 years$23,111$18,689$14,997$11,951$9,467$6,379
21 years$21,779$17,408$13,794$10,846$8,472$5,571
22 years$20,570$16,250$12,713$9,862$7,594$4,873
23 years$19,467$15,198$11,738$8,981$6,817$4,266
24 years$18,458$14,240$10,856$8,191$6,127$3,739
25 years$17,531$13,364$10,055$7,481$5,514$3,280
26 years$16,677$12,560$9,325$6,840$4,966$2,879
27 years$15,888$11,820$8,659$6,261$4,478$2,529
28 years$15,156$11,138$8,050$5,736$4,040$2,223
29 years$14,476$10,507$7,491$5,260$3,648$1,955
30 years$13,842$9,923$6,978$4,828$3,296$1,720
31 years$13,250$9,381$6,505$4,434$2,980$1,514
32 years$12,697$8,876$6,070$4,075$2,696$1,333
33 years$12,178$8,406$5,667$3,747$2,440$1,174
34 years$11,690$7,967$5,295$3,448$2,209$1,034
35 years$11,232$7,556$4,950$3,174$2,001$911
36 years$10,800$7,172$4,631$2,923$1,813$803
37 years$10,392$6,812$4,335$2,693$1,643$708
38 years$10,007$6,474$4,059$2,482$1,489$624
39 years$9,642$6,156$3,803$2,289$1,351$550
40 years$9,297$5,857$3,565$2,111$1,225$485
41 years$8,969$5,575$3,342$1,948$1,111$428
42 years$8,657$5,309$3,135$1,798$1,009$377
43 years$8,361$5,059$2,942$1,659$915$333
44 years$8,079$4,822$2,762$1,532$831$294
45 years$7,811$4,598$2,593$1,415$754$259
46 years$7,555$4,387$2,435$1,307$685$228
47 years$7,310$4,186$2,288$1,208$622$202
48 years$7,076$3,996$2,150$1,116$565$178
49 years$6,853$3,816$2,021$1,031$513$157
50 years$6,639$3,645$1,900$953$466$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,800,000, adding $6,640 every year, while hoping to spend $27,005 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: 38/39/23 Blend
59$6,800,000$6,800,000$6,800,000$6,800,000
60$7,500,449$7,140,049$7,034,649$7,733,676
61$8,236,762$7,461,178$7,241,577$8,224,912
62$9,047,273$7,797,138$7,454,531$8,752,446
63$9,939,523$8,148,626$7,673,686$9,322,038
64$10,921,820$8,516,374$7,899,220$9,937,507
65$12,003,317$8,901,148$8,131,316$10,603,045
66$13,194,103$9,303,751$8,370,162$11,323,250
67$14,505,292$9,725,026$8,615,953$12,103,166
68$15,949,132$10,165,852$8,868,887$12,948,330
69$17,539,119$10,627,154$9,129,171$13,864,821
70$19,290,124$11,109,900$9,397,013$14,859,312
71$21,218,536$11,615,104$9,672,632$15,939,132
72$23,342,412$12,143,829$9,956,250$17,112,331
73$25,681,649$12,697,189$10,248,096$18,387,752
74$28,258,176$13,276,350$10,548,406$19,775,110
75$31,096,154$13,882,535$10,857,422$21,285,081
76$34,222,209$14,517,026$11,175,392$22,929,400
77$37,665,680$15,181,166$11,502,574$24,720,961
78$41,458,898$15,876,362$11,839,229$26,673,943
79$45,637,491$16,604,089$12,185,629$28,803,932
80$50,240,719$17,365,893$12,542,051$31,128,069
81$55,311,845$18,163,394$12,908,782$33,665,200
82$60,898,542$18,998,290$13,286,115$36,436,054
83$67,053,346$19,872,359$13,674,353$39,463,430
84$73,834,150$20,787,467$14,073,807$42,772,409
85$81,304,749$21,745,569$14,484,795$46,390,581
86$89,535,444$22,748,712$14,907,646$50,348,301
87$98,603,704$23,799,044$15,342,697$54,678,970
88$108,594,900$24,898,814$15,790,295$59,419,339
89$119,603,106$26,050,383$16,250,796$64,609,855
90$131,731,993$27,256,222$16,724,568$70,295,027
91$145,095,801$28,518,921$17,211,986$76,523,846
92$159,820,423$29,841,199$17,713,437$83,350,234
93$176,044,589$31,225,900$18,229,320$90,833,544
94$193,921,178$32,676,010$18,760,044$99,039,114
95$213,618,660$34,194,657$19,306,027$108,038,874
96$235,322,688$35,785,120$19,867,704$117,912,010
97$259,237,846$37,450,835$20,445,516$128,745,707
98$285,589,586$39,195,406$21,039,921$140,635,958
99$314,626,353$41,022,609$21,651,387$153,688,457
100$346,621,928$42,936,405$22,280,396$168,019,588