Can I retire at age 60 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$594,569$589,273$584,106$579,063$574,138$558,898
2 years$294,341$288,859$283,547$278,396$273,399$258,152
3 years$194,278$188,773$183,473$178,371$173,456$158,678
4 years$144,257$138,768$133,522$128,506$123,710$109,515
5 years$114,251$108,796$103,618$98,705$94,042$80,470
6 years$94,255$88,840$83,739$78,935$74,413$61,475
7 years$79,977$74,608$69,587$64,897$60,517$48,216
8 years$69,273$63,953$59,016$54,440$50,205$38,534
9 years$60,953$55,682$50,830$46,371$42,280$31,228
10 years$54,300$49,081$44,315$39,972$36,025$25,578
11 years$48,860$43,694$39,014$34,788$30,982$21,126
12 years$44,331$39,217$34,624$30,514$26,849$17,564
13 years$40,501$35,441$30,934$26,939$23,413$14,680
14 years$37,221$32,215$27,795$23,913$20,523$12,323
15 years$34,381$29,429$25,095$21,327$18,070$10,381
16 years$31,899$27,000$22,752$19,096$15,971$8,771
17 years$29,711$24,866$20,704$17,157$14,161$7,429
18 years$27,768$22,978$18,900$15,462$12,591$6,305
19 years$26,031$21,296$17,302$13,971$11,223$5,360
20 years$24,471$19,789$15,879$12,654$10,024$4,563
21 years$23,060$18,433$14,605$11,484$8,971$3,890
22 years$21,780$17,206$13,461$10,442$8,041$3,319
23 years$20,613$16,092$12,429$9,509$7,218$2,834
24 years$19,544$15,078$11,495$8,673$6,488$2,422
25 years$18,563$14,150$10,646$7,921$5,838$2,072
26 years$17,658$13,298$9,874$7,242$5,259$1,773
27 years$16,822$12,515$9,169$6,629$4,741$1,517
28 years$16,047$11,793$8,524$6,074$4,278$1,299
29 years$15,327$11,125$7,932$5,570$3,863$1,113
30 years$14,656$10,507$7,388$5,112$3,490$954
31 years$14,030$9,932$6,888$4,695$3,156$818
32 years$13,444$9,398$6,427$4,314$2,854$701
33 years$12,894$8,900$6,000$3,968$2,583$601
34 years$12,378$8,435$5,606$3,650$2,339$515
35 years$11,893$8,001$5,242$3,360$2,118$442
36 years$11,435$7,594$4,903$3,095$1,919$379
37 years$11,004$7,212$4,590$2,852$1,740$325
38 years$10,596$6,854$4,298$2,628$1,577$279
39 years$10,209$6,518$4,027$2,423$1,430$239
40 years$9,844$6,201$3,774$2,235$1,297$205
41 years$9,496$5,903$3,539$2,062$1,177$176
42 years$9,167$5,622$3,320$1,903$1,068$151
43 years$8,853$5,356$3,115$1,757$969$130
44 years$8,555$5,106$2,924$1,622$880$111
45 years$8,270$4,869$2,746$1,498$799$96
46 years$7,999$4,645$2,579$1,384$725$82
47 years$7,740$4,432$2,423$1,279$658$70
48 years$7,493$4,231$2,277$1,181$598$60
49 years$7,256$4,041$2,140$1,092$543$52
50 years$7,030$3,860$2,012$1,009$493$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,200,000, adding $2,002 every year, while hoping to spend $25,157 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: 65/23/12 Blend
59$7,200,000$7,200,000$7,200,000$7,200,000
60$7,936,465$7,554,865$7,443,265$8,430,597
61$8,719,218$7,898,287$7,665,848$9,104,098
62$9,580,968$8,257,693$7,895,043$9,836,577
63$10,529,747$8,633,840$8,131,048$10,636,280
64$11,574,404$9,027,521$8,374,061$11,509,764
65$12,724,691$9,439,567$8,624,290$12,464,238
66$13,991,353$9,870,850$8,881,947$13,507,635
67$15,386,230$10,322,280$9,147,251$14,648,685
68$16,922,368$10,794,815$9,420,427$15,896,992
69$18,614,145$11,289,456$9,701,706$17,263,124
70$20,477,403$11,807,254$9,991,329$18,758,712
71$22,529,598$12,349,310$10,289,538$20,396,556
72$24,789,968$12,916,777$10,596,588$22,190,745
73$27,279,709$13,510,863$10,912,739$24,156,788
74$30,022,181$14,132,837$11,238,257$26,311,755
75$33,043,123$14,784,025$11,573,418$28,674,437
76$36,370,899$15,465,820$11,918,505$31,265,524
77$40,036,766$16,179,681$12,273,810$34,107,792
78$44,075,166$16,927,136$12,639,633$37,226,319
79$48,524,055$17,709,787$13,016,283$40,648,717
80$53,425,257$18,529,315$13,404,076$44,405,390
81$58,824,861$19,387,480$13,803,341$48,529,817
82$64,773,658$20,286,127$14,214,414$53,058,865
83$71,327,614$21,227,190$14,637,640$58,033,135
84$78,548,406$22,212,698$15,073,376$63,497,338
85$86,503,998$23,244,775$15,521,989$69,500,715
86$95,269,286$24,325,648$15,983,855$76,097,498
87$104,926,802$25,457,654$16,459,363$83,347,418
88$115,567,496$26,643,239$16,948,912$91,316,261
89$127,291,593$27,884,970$17,452,913$100,076,490
90$140,209,539$29,185,537$17,971,789$109,707,917
91$154,443,042$30,547,759$18,505,974$120,298,457
92$170,126,225$31,974,592$19,055,917$131,944,951
93$187,406,887$33,469,134$19,622,078$144,754,073
94$206,447,903$35,034,635$20,204,930$158,843,332
95$227,428,755$36,674,498$20,804,962$174,342,174
96$250,547,234$38,392,295$21,422,674$191,393,199
97$276,021,302$40,191,767$22,058,583$210,153,502
98$304,091,149$42,076,838$22,713,220$230,796,142
99$335,021,464$44,051,621$23,387,131$253,511,779
100$369,103,932$46,120,429$24,080,879$278,510,453