Can I retire at age 60 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$586,311$581,089$575,993$571,020$566,164$546,511
2 years$290,253$284,847$279,608$274,529$269,602$250,005
3 years$191,580$186,151$180,925$175,893$171,047$152,121
4 years$142,253$136,841$131,667$126,721$121,992$103,883
5 years$112,665$107,285$102,179$97,334$92,736$75,492
6 years$92,945$87,606$82,576$77,839$73,379$57,012
7 years$78,866$73,571$68,621$63,996$59,677$44,185
8 years$68,311$63,064$58,196$53,684$49,508$34,878
9 years$60,106$54,909$50,124$45,727$41,693$27,906
10 years$53,546$48,399$43,699$39,417$35,524$22,558
11 years$48,182$43,087$38,472$34,305$30,552$18,381
12 years$43,715$38,673$34,143$30,090$26,476$15,071
13 years$39,939$34,949$30,505$26,565$23,087$12,418
14 years$36,704$31,768$27,409$23,581$20,238$10,274
15 years$33,904$29,020$24,746$21,030$17,819$8,528
16 years$31,456$26,625$22,436$18,830$15,749$7,097
17 years$29,298$24,521$20,416$16,919$13,964$5,919
18 years$27,382$22,659$18,637$15,247$12,416$4,946
19 years$25,670$21,000$17,061$13,777$11,067$4,138
20 years$24,131$19,514$15,658$12,478$9,885$3,467
21 years$22,740$18,177$14,402$11,325$8,846$2,908
22 years$21,477$16,967$13,274$10,297$7,929$2,441
23 years$20,326$15,869$12,256$9,377$7,118$2,050
24 years$19,273$14,868$11,335$8,553$6,398$1,723
25 years$18,305$13,953$10,498$7,811$5,757$1,449
26 years$17,413$13,114$9,737$7,142$5,186$1,219
27 years$16,589$12,341$9,041$6,537$4,675$1,026
28 years$15,824$11,629$8,405$5,989$4,218$864
29 years$15,114$10,971$7,822$5,492$3,809$727
30 years$14,453$10,361$7,286$5,041$3,442$613
31 years$13,835$9,794$6,792$4,629$3,112$516
32 years$13,257$9,268$6,337$4,255$2,815$435
33 years$12,715$8,777$5,917$3,912$2,547$366
34 years$12,206$8,318$5,529$3,600$2,306$309
35 years$11,728$7,890$5,169$3,314$2,089$260
36 years$11,276$7,488$4,835$3,052$1,893$219
37 years$10,851$7,112$4,526$2,812$1,715$185
38 years$10,448$6,759$4,238$2,592$1,555$156
39 years$10,068$6,427$3,971$2,390$1,410$131
40 years$9,707$6,115$3,722$2,204$1,279$111
41 years$9,364$5,821$3,490$2,034$1,161$93
42 years$9,039$5,544$3,274$1,877$1,053$79
43 years$8,730$5,282$3,072$1,733$956$66
44 years$8,436$5,035$2,883$1,600$867$56
45 years$8,155$4,801$2,707$1,477$788$47
46 years$7,888$4,580$2,543$1,365$715$40
47 years$7,633$4,371$2,389$1,261$649$34
48 years$7,389$4,173$2,245$1,165$590$28
49 years$7,155$3,985$2,110$1,077$536$24
50 years$6,932$3,806$1,984$995$486$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,100,000, adding $5,468 every year, while hoping to spend $44,706 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: 89/5/6 Blend
59$7,100,000$7,100,000$7,100,000$7,100,000
60$7,829,840$7,453,540$7,343,490$8,525,122
61$8,580,917$7,771,197$7,541,930$9,295,797
62$9,407,105$8,102,920$7,745,520$10,136,272
63$10,316,019$8,449,353$7,954,384$11,058,986
64$11,316,048$8,811,166$8,168,651$12,072,210
65$12,416,436$9,189,064$8,388,451$13,185,055
66$13,627,367$9,583,782$8,613,919$14,407,557
67$14,960,063$9,996,092$8,845,190$15,750,772
68$16,426,889$10,426,800$9,082,403$17,226,878
69$18,041,470$10,876,752$9,325,702$18,849,291
70$19,818,818$11,346,830$9,575,231$20,632,790
71$21,775,474$11,837,962$9,831,138$22,593,657
72$23,929,666$12,351,116$10,093,575$24,749,829
73$26,301,479$12,887,307$10,362,696$27,121,067
74$28,913,042$13,447,598$10,638,659$29,729,143
75$31,788,742$14,033,100$10,921,624$32,598,042
76$34,955,451$14,644,979$11,211,755$35,754,191
77$38,442,778$15,284,454$11,509,220$39,226,705
78$42,283,351$15,952,802$11,814,189$43,047,663
79$46,513,124$16,651,361$12,126,836$47,252,408
80$51,171,716$17,381,530$12,447,338$51,879,883
81$56,302,783$18,144,777$12,775,875$56,972,992
82$61,954,432$18,942,637$13,112,633$62,579,013
83$68,179,676$19,776,718$13,457,798$68,750,032
84$75,036,930$20,648,704$13,811,561$75,543,445
85$82,590,567$21,560,361$14,174,118$83,022,491
86$90,911,520$22,513,534$14,545,667$91,256,849
87$100,077,957$23,510,159$14,926,409$100,323,300
88$110,176,015$24,552,263$15,316,549$110,306,444
89$121,300,613$25,641,968$15,716,298$121,299,500
90$133,556,349$26,781,498$16,125,868$133,405,187
91$147,058,487$27,973,182$16,545,475$146,736,689
92$161,934,045$29,219,460$16,975,340$161,418,722
93$178,322,990$30,522,886$17,415,686$177,588,716
94$196,379,565$31,886,137$17,866,742$195,398,101
95$216,273,741$33,312,019$18,328,738$215,013,744
96$238,192,822$34,803,467$18,801,911$236,619,518
97$262,343,213$36,363,560$19,286,498$260,418,037
98$288,952,368$37,995,521$19,782,742$286,632,568
99$318,270,936$39,702,728$20,290,891$315,509,136
100$350,575,128$41,488,719$20,811,193$347,318,845