Can I retire at age 60 with 7,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$627,601$622,011$616,556$611,233$606,035$582,450
2 years$310,694$304,907$299,299$293,862$288,588$265,111
3 years$205,072$199,260$193,666$188,280$183,092$160,463
4 years$152,271$146,477$140,940$135,645$130,583$108,973
5 years$120,599$114,840$109,375$104,189$99,267$78,733
6 years$99,491$93,775$88,391$83,320$78,547$59,101
7 years$84,420$78,753$73,453$68,502$63,879$45,516
8 years$73,122$67,505$62,294$57,465$52,994$35,695
9 years$64,339$58,776$53,654$48,947$44,629$28,368
10 years$57,317$51,808$46,777$42,193$38,026$22,772
11 years$51,575$46,121$41,182$36,721$32,704$18,423
12 years$46,794$41,396$36,548$32,209$28,340$14,995
13 years$42,751$37,410$32,653$28,436$24,713$12,263
14 years$39,289$34,005$29,339$25,242$21,663$10,068
15 years$36,291$31,064$26,489$22,511$19,074$8,291
16 years$33,671$28,501$24,016$20,157$16,858$6,845
17 years$31,361$26,248$21,854$18,110$14,947$5,663
18 years$29,310$24,254$19,950$16,321$13,290$4,693
19 years$27,477$22,479$18,263$14,748$11,846$3,894
20 years$25,830$20,888$16,761$13,357$10,581$3,235
21 years$24,341$19,457$15,417$12,122$9,469$2,690
22 years$22,990$18,162$14,209$11,022$8,488$2,239
23 years$21,758$16,987$13,119$10,038$7,619$1,864
24 years$20,630$15,915$12,133$9,155$6,848$1,553
25 years$19,594$14,936$11,238$8,361$6,162$1,295
26 years$18,639$14,037$10,422$7,645$5,551$1,080
27 years$17,757$13,211$9,678$6,997$5,004$901
28 years$16,939$12,448$8,997$6,411$4,516$751
29 years$16,179$11,744$8,373$5,879$4,077$627
30 years$15,470$11,091$7,799$5,396$3,684$523
31 years$14,809$10,484$7,271$4,955$3,331$437
32 years$14,190$9,920$6,784$4,554$3,013$365
33 years$13,610$9,395$6,334$4,188$2,727$305
34 years$13,066$8,904$5,918$3,853$2,469$254
35 years$12,553$8,445$5,533$3,547$2,236$212
36 years$12,071$8,016$5,176$3,267$2,026$177
37 years$11,615$7,613$4,845$3,010$1,836$148
38 years$11,184$7,235$4,537$2,774$1,665$124
39 years$10,777$6,880$4,250$2,558$1,510$103
40 years$10,390$6,546$3,984$2,359$1,369$86
41 years$10,024$6,231$3,736$2,177$1,242$72
42 years$9,676$5,934$3,504$2,009$1,127$60
43 years$9,345$5,654$3,288$1,855$1,023$50
44 years$9,030$5,389$3,087$1,712$929$42
45 years$8,730$5,139$2,898$1,581$843$35
46 years$8,443$4,903$2,722$1,461$765$29
47 years$8,170$4,679$2,557$1,350$695$25
48 years$7,909$4,466$2,403$1,247$631$20
49 years$7,659$4,265$2,259$1,153$573$17
50 years$7,420$4,074$2,124$1,065$521$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,600,000, adding $6,641 every year, while hoping to spend $23,385 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: 44/33/23 Blend
59$7,600,000$7,600,000$7,600,000$7,600,000
60$8,382,050$7,979,250$7,861,450$8,694,701
61$9,212,138$8,345,352$8,099,927$9,282,796
62$10,126,111$8,728,609$8,345,610$9,917,089
63$11,132,500$9,129,837$8,598,714$10,604,180
64$12,240,708$9,549,892$8,859,463$11,348,977
65$13,461,092$9,989,668$9,128,087$12,156,867
66$14,805,068$10,450,107$9,404,823$13,033,766
67$16,285,215$10,932,192$9,689,915$13,986,174
68$17,915,393$11,436,955$9,983,612$15,021,226
69$19,710,875$11,965,478$10,286,175$16,146,766
70$21,688,491$12,518,894$10,597,869$17,371,409
71$23,866,788$13,098,391$10,918,969$18,704,625
72$26,266,203$13,705,214$11,249,757$20,156,820
73$28,909,256$14,340,670$11,590,524$21,739,437
74$31,820,763$15,006,125$11,941,570$23,465,053
75$35,028,071$15,703,015$12,303,202$25,347,497
76$38,561,314$16,432,843$12,675,739$27,401,978
77$42,453,700$17,197,185$13,059,509$29,645,220
78$46,741,822$17,997,691$13,454,847$32,095,618
79$51,466,005$18,836,095$13,862,101$34,773,408
80$56,670,684$19,714,211$14,281,628$37,700,848
81$62,404,828$20,633,941$14,713,797$40,902,429
82$68,722,398$21,597,281$15,158,986$44,405,095
83$75,682,856$22,606,321$15,617,585$48,238,496
84$83,351,730$23,663,254$16,089,997$52,435,259
85$91,801,230$24,770,377$16,576,636$57,031,292
86$101,110,929$25,930,099$17,077,927$62,066,112
87$111,368,515$27,144,945$17,594,309$67,583,218
88$122,670,620$28,417,564$18,126,234$73,630,487
89$135,123,729$29,750,730$18,674,169$80,260,624
90$148,845,187$31,147,353$19,238,591$87,531,648
91$163,964,307$32,610,485$19,819,995$95,507,434
92$180,623,590$34,143,322$20,418,889$104,258,306
93$198,980,070$35,749,219$21,035,795$113,861,692
94$219,206,796$37,431,690$21,671,254$124,402,846
95$241,494,468$39,194,421$22,325,819$135,975,640
96$266,053,232$41,041,277$23,000,063$148,683,445
97$293,114,670$42,976,307$23,694,573$162,640,093
98$322,933,981$45,003,760$24,409,955$177,970,938
99$355,792,392$47,128,090$25,146,834$194,814,033
100$391,999,814$49,353,964$25,905,851$213,321,416