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%14.8%
1 years$561,538$556,536$551,656$546,893$542,242$531,511
2 years$277,989$272,812$267,794$262,929$258,210$247,444
3 years$183,485$178,285$173,280$168,461$163,819$153,354
4 years$136,242$131,059$126,104$121,367$116,837$106,754
5 years$107,904$102,752$97,862$93,221$88,818$79,144
6 years$89,018$83,904$79,087$74,550$70,279$61,025
7 years$75,534$70,463$65,722$61,292$57,155$48,325
8 years$65,425$60,400$55,737$51,416$47,416$39,006
9 years$57,566$52,589$48,006$43,795$39,931$31,936
10 years$51,283$46,354$41,853$37,752$34,023$26,435
11 years$46,146$41,267$36,847$32,855$29,261$22,071
12 years$41,868$37,039$32,701$28,819$25,357$18,554
13 years$38,251$33,472$29,216$25,442$22,112$15,685
14 years$35,153$30,425$26,250$22,585$19,383$13,321
15 years$32,471$27,794$23,701$20,142$17,066$11,356
16 years$30,127$25,500$21,488$18,035$15,083$9,711
17 years$28,060$23,485$19,553$16,204$13,374$8,326
18 years$26,225$21,701$17,850$14,603$11,891$7,155
19 years$24,585$20,112$16,341$13,195$10,599$6,161
20 years$23,111$18,689$14,997$11,951$9,467$5,313
21 years$21,779$17,408$13,794$10,846$8,472$4,588
22 years$20,570$16,250$12,713$9,862$7,594$3,967
23 years$19,467$15,198$11,738$8,981$6,817$3,433
24 years$18,458$14,240$10,856$8,191$6,127$2,974
25 years$17,531$13,364$10,055$7,481$5,514$2,578
26 years$16,677$12,560$9,325$6,840$4,966$2,236
27 years$15,888$11,820$8,659$6,261$4,478$1,941
28 years$15,156$11,138$8,050$5,736$4,040$1,685
29 years$14,476$10,507$7,491$5,260$3,648$1,464
30 years$13,842$9,923$6,978$4,828$3,296$1,272
31 years$13,250$9,381$6,505$4,434$2,980$1,106
32 years$12,697$8,876$6,070$4,075$2,696$961
33 years$12,178$8,406$5,667$3,747$2,440$836
34 years$11,690$7,967$5,295$3,448$2,209$727
35 years$11,232$7,556$4,950$3,174$2,001$633
36 years$10,800$7,172$4,631$2,923$1,813$551
37 years$10,392$6,812$4,335$2,693$1,643$479
38 years$10,007$6,474$4,059$2,482$1,489$417
39 years$9,642$6,156$3,803$2,289$1,351$363
40 years$9,297$5,857$3,565$2,111$1,225$316
41 years$8,969$5,575$3,342$1,948$1,111$275
42 years$8,657$5,309$3,135$1,798$1,009$240
43 years$8,361$5,059$2,942$1,659$915$209
44 years$8,079$4,822$2,762$1,532$831$182
45 years$7,811$4,598$2,593$1,415$754$158
46 years$7,555$4,387$2,435$1,307$685$138
47 years$7,310$4,186$2,288$1,208$622$120
48 years$7,076$3,996$2,150$1,116$565$105
49 years$6,853$3,816$2,021$1,031$513$91
50 years$6,639$3,645$1,900$953$466$79

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 $2,342 every year, while hoping to spend $27,124 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: 74/9/17 Blend
59$6,800,000$6,800,000$6,800,000$6,800,000
60$7,496,016$7,135,616$7,030,216$8,021,491
61$8,231,750$7,456,401$7,236,868$8,690,738
62$9,041,619$7,791,996$7,449,535$9,420,296
63$9,933,158$8,143,097$7,668,387$10,219,007
64$10,914,666$8,510,435$7,893,605$11,093,740
65$11,995,291$8,894,775$8,125,369$12,052,058
66$13,185,110$9,296,919$8,363,868$13,102,289
67$14,495,229$9,717,705$8,609,295$14,253,603
68$15,937,885$10,158,016$8,861,850$15,516,096
69$17,526,562$10,618,772$9,121,735$16,900,888
70$19,276,120$11,100,940$9,389,161$18,420,224
71$21,202,930$11,605,532$9,664,344$20,087,589
72$23,325,036$12,133,610$9,947,507$21,917,836
73$25,662,318$12,686,285$10,238,876$23,927,322
74$28,236,683$13,264,722$10,538,688$26,134,064
75$31,072,274$13,870,142$10,847,182$28,557,906
76$34,195,691$14,503,824$11,164,608$31,220,707
77$37,636,249$15,167,109$11,491,220$34,146,542
78$41,426,251$15,861,402$11,827,281$37,361,933
79$45,601,293$16,588,175$12,173,059$40,896,094
80$50,200,600$17,348,971$12,528,832$44,781,207
81$55,267,398$18,145,407$12,894,884$49,052,725
82$60,849,319$18,979,179$13,271,509$53,749,702
83$66,998,852$19,852,061$13,659,008$58,915,163
84$73,773,839$20,765,916$14,057,689$64,596,507
85$81,238,020$21,722,695$14,467,870$70,845,952
86$89,461,633$22,724,442$14,889,879$77,721,028
87$98,522,081$23,773,301$15,324,051$85,285,115
88$108,504,659$24,871,518$15,770,732$93,608,044
89$119,503,359$26,021,448$16,230,277$102,766,749
90$131,621,760$27,225,557$16,703,050$112,845,992
91$144,974,004$28,486,434$17,189,426$123,939,164
92$159,685,871$29,806,788$17,689,790$136,149,161
93$175,895,971$31,189,462$18,204,540$149,589,353
94$193,757,049$32,637,434$18,734,080$164,384,656
95$213,437,426$34,153,827$19,278,831$180,672,699
96$235,122,593$35,741,914$19,839,221$198,605,132
97$259,016,955$37,405,125$20,415,693$218,349,043
98$285,345,766$39,147,058$21,008,699$240,088,544
99$314,357,251$40,971,481$21,618,708$264,026,494
100$346,324,954$42,882,346$22,246,198$290,386,421