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

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$627,601$622,011$616,556$611,233$606,035$583,604
2 years$310,694$304,907$299,299$293,862$288,588$266,243
3 years$205,072$199,260$193,666$188,280$183,092$161,535
4 years$152,271$146,477$140,940$135,645$130,583$109,978
5 years$120,599$114,840$109,375$104,189$99,267$79,669
6 years$99,491$93,775$88,391$83,320$78,547$59,968
7 years$84,420$78,753$73,453$68,502$63,879$46,316
8 years$73,122$67,505$62,294$57,465$52,994$36,430
9 years$64,339$58,776$53,654$48,947$44,629$29,042
10 years$57,317$51,808$46,777$42,193$38,026$23,387
11 years$51,575$46,121$41,182$36,721$32,704$18,982
12 years$46,794$41,396$36,548$32,209$28,340$15,502
13 years$42,751$37,410$32,653$28,436$24,713$12,721
14 years$39,289$34,005$29,339$25,242$21,663$10,481
15 years$36,291$31,064$26,489$22,511$19,074$8,662
16 years$33,671$28,501$24,016$20,157$16,858$7,177
17 years$31,361$26,248$21,854$18,110$14,947$5,960
18 years$29,310$24,254$19,950$16,321$13,290$4,957
19 years$27,477$22,479$18,263$14,748$11,846$4,129
20 years$25,830$20,888$16,761$13,357$10,581$3,444
21 years$24,341$19,457$15,417$12,122$9,469$2,875
22 years$22,990$18,162$14,209$11,022$8,488$2,402
23 years$21,758$16,987$13,119$10,038$7,619$2,008
24 years$20,630$15,915$12,133$9,155$6,848$1,680
25 years$19,594$14,936$11,238$8,361$6,162$1,406
26 years$18,639$14,037$10,422$7,645$5,551$1,177
27 years$17,757$13,211$9,678$6,997$5,004$986
28 years$16,939$12,448$8,997$6,411$4,516$826
29 years$16,179$11,744$8,373$5,879$4,077$692
30 years$15,470$11,091$7,799$5,396$3,684$580
31 years$14,809$10,484$7,271$4,955$3,331$486
32 years$14,190$9,920$6,784$4,554$3,013$408
33 years$13,610$9,395$6,334$4,188$2,727$342
34 years$13,066$8,904$5,918$3,853$2,469$287
35 years$12,553$8,445$5,533$3,547$2,236$240
36 years$12,071$8,016$5,176$3,267$2,026$201
37 years$11,615$7,613$4,845$3,010$1,836$169
38 years$11,184$7,235$4,537$2,774$1,665$142
39 years$10,777$6,880$4,250$2,558$1,510$119
40 years$10,390$6,546$3,984$2,359$1,369$100
41 years$10,024$6,231$3,736$2,177$1,242$84
42 years$9,676$5,934$3,504$2,009$1,127$70
43 years$9,345$5,654$3,288$1,855$1,023$59
44 years$9,030$5,389$3,087$1,712$929$49
45 years$8,730$5,139$2,898$1,581$843$41
46 years$8,443$4,903$2,722$1,461$765$35
47 years$8,170$4,679$2,557$1,350$695$29
48 years$7,909$4,466$2,403$1,247$631$24
49 years$7,659$4,265$2,259$1,153$573$21
50 years$7,420$4,074$2,124$1,065$521$17

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 $4,723 every year, while hoping to spend $33,971 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: 62/18/20 Blend
59$7,600,000$7,600,000$7,600,000$7,600,000
60$8,380,072$7,977,272$7,859,472$8,856,038
61$9,198,694$8,332,013$8,086,619$9,532,518
62$10,099,678$8,702,998$8,320,237$10,266,533
63$11,091,387$9,090,987$8,560,508$11,067,125
64$12,183,039$9,496,777$8,807,615$11,940,779
65$13,384,790$9,921,200$9,061,752$12,894,632
66$14,707,831$10,365,131$9,323,112$13,936,534
67$16,164,492$10,829,485$9,591,899$15,075,126
68$17,768,362$11,315,221$9,868,319$16,319,914
69$19,534,411$11,823,343$10,152,584$17,681,362
70$21,479,138$12,354,904$10,444,913$19,170,986
71$23,620,723$12,911,007$10,745,530$20,801,462
72$25,979,196$13,492,806$11,054,665$22,586,741
73$28,576,632$14,101,511$11,372,555$24,542,183
74$31,437,355$14,738,392$11,699,441$26,684,697
75$34,588,168$15,404,775$12,035,575$29,032,897
76$38,058,606$16,102,054$12,381,212$31,607,281
77$41,881,215$16,831,686$12,736,614$34,430,414
78$46,091,861$17,595,201$13,102,052$37,527,146
79$50,730,063$18,394,198$13,477,803$40,924,838
80$55,839,372$19,230,357$13,864,153$44,653,621
81$61,467,778$20,105,435$14,261,392$48,746,676
82$67,668,165$21,021,274$14,669,822$53,240,547
83$74,498,808$21,979,806$15,089,751$58,175,476
84$82,023,923$22,983,053$15,521,494$63,595,788
85$90,314,276$24,033,136$15,965,377$69,550,299
86$99,447,849$25,132,277$16,421,734$76,092,779
87$109,510,574$26,282,803$16,890,907$83,282,450
88$120,597,147$27,487,154$17,373,246$91,184,546
89$132,811,920$28,747,889$17,869,114$99,870,922
90$146,269,886$30,067,686$18,378,880$109,420,730
91$161,097,767$31,449,354$18,902,924$119,921,158
92$177,435,204$32,895,838$19,441,637$131,468,253
93$195,436,081$34,410,221$19,995,419$144,167,819
94$215,269,977$35,995,737$20,564,681$158,136,416
95$237,123,762$37,655,775$21,149,845$173,502,447
96$261,203,364$39,393,887$21,751,343$190,407,372
97$287,735,715$41,213,795$22,369,621$209,007,034
98$316,970,888$43,119,401$23,005,134$229,473,124
99$349,184,462$45,114,795$23,658,349$251,994,799
100$384,680,121$47,204,263$24,329,747$276,780,456