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%15.5%
1 years$627,601$622,011$616,556$611,233$606,035$592,347
2 years$310,694$304,907$299,299$293,862$288,588$274,871
3 years$205,072$199,260$193,666$188,280$183,092$169,774
4 years$152,271$146,477$140,940$135,645$130,583$117,767
5 years$120,599$114,840$109,375$104,189$99,267$86,989
6 years$99,491$93,775$88,391$83,320$78,547$66,819
7 years$84,420$78,753$73,453$68,502$63,879$52,705
8 years$73,122$67,505$62,294$57,465$52,994$42,368
9 years$64,339$58,776$53,654$48,947$44,629$34,543
10 years$57,317$51,808$46,777$42,193$38,026$28,470
11 years$51,575$46,121$41,182$36,721$32,704$23,665
12 years$46,794$41,396$36,548$32,209$28,340$19,804
13 years$42,751$37,410$32,653$28,436$24,713$16,664
14 years$39,289$34,005$29,339$25,242$21,663$14,084
15 years$36,291$31,064$26,489$22,511$19,074$11,948
16 years$33,671$28,501$24,016$20,157$16,858$10,167
17 years$31,361$26,248$21,854$18,110$14,947$8,674
18 years$29,310$24,254$19,950$16,321$13,290$7,416
19 years$27,477$22,479$18,263$14,748$11,846$6,352
20 years$25,830$20,888$16,761$13,357$10,581$5,449
21 years$24,341$19,457$15,417$12,122$9,469$4,680
22 years$22,990$18,162$14,209$11,022$8,488$4,025
23 years$21,758$16,987$13,119$10,038$7,619$3,464
24 years$20,630$15,915$12,133$9,155$6,848$2,984
25 years$19,594$14,936$11,238$8,361$6,162$2,573
26 years$18,639$14,037$10,422$7,645$5,551$2,219
27 years$17,757$13,211$9,678$6,997$5,004$1,915
28 years$16,939$12,448$8,997$6,411$4,516$1,653
29 years$16,179$11,744$8,373$5,879$4,077$1,428
30 years$15,470$11,091$7,799$5,396$3,684$1,234
31 years$14,809$10,484$7,271$4,955$3,331$1,066
32 years$14,190$9,920$6,784$4,554$3,013$922
33 years$13,610$9,395$6,334$4,188$2,727$797
34 years$13,066$8,904$5,918$3,853$2,469$689
35 years$12,553$8,445$5,533$3,547$2,236$596
36 years$12,071$8,016$5,176$3,267$2,026$516
37 years$11,615$7,613$4,845$3,010$1,836$446
38 years$11,184$7,235$4,537$2,774$1,665$386
39 years$10,777$6,880$4,250$2,558$1,510$334
40 years$10,390$6,546$3,984$2,359$1,369$289
41 years$10,024$6,231$3,736$2,177$1,242$250
42 years$9,676$5,934$3,504$2,009$1,127$217
43 years$9,345$5,654$3,288$1,855$1,023$187
44 years$9,030$5,389$3,087$1,712$929$162
45 years$8,730$5,139$2,898$1,581$843$140
46 years$8,443$4,903$2,722$1,461$765$122
47 years$8,170$4,679$2,557$1,350$695$105
48 years$7,909$4,466$2,403$1,247$631$91
49 years$7,659$4,265$2,259$1,153$573$79
50 years$7,420$4,074$2,124$1,065$521$68

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 $5,549 every year, while hoping to spend $55,121 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: 86/6/8 Blend
59$7,600,000$7,600,000$7,600,000$7,600,000
60$8,380,924$7,978,124$7,860,324$9,094,270
61$9,177,130$8,310,404$8,064,996$9,892,694
62$10,052,701$8,657,118$8,274,678$10,761,822
63$11,015,675$9,018,915$8,489,478$11,715,161
64$12,074,907$9,396,475$8,709,509$12,761,155
65$13,240,153$9,790,508$8,934,883$13,909,106
66$14,522,163$10,201,756$9,165,715$15,169,257
67$15,932,780$10,630,999$9,402,124$16,552,891
68$17,485,055$11,079,050$9,644,226$18,072,438
69$19,193,367$11,546,759$9,892,144$19,741,589
70$21,073,559$12,035,019$10,145,999$21,575,425
71$23,143,088$12,544,761$10,405,916$23,590,560
72$25,421,190$13,076,961$10,672,021$25,805,297
73$27,929,060$13,632,641$10,944,443$28,239,796
74$30,690,052$14,212,868$11,223,310$30,916,270
75$33,729,901$14,818,762$11,508,754$33,859,189
76$37,076,962$15,451,493$11,800,908$37,095,511
77$40,762,481$16,112,285$12,099,908$40,654,938
78$44,820,890$16,802,423$12,405,890$44,570,192
79$49,290,126$17,523,247$12,718,993$48,877,324
80$54,211,995$18,276,162$13,039,356$53,616,056
81$59,632,565$19,062,641$13,367,121$58,830,150
82$65,602,598$19,884,221$13,702,430$64,567,824
83$72,178,031$20,742,516$14,045,430$70,882,204
84$79,420,502$21,639,212$14,396,264$77,831,825
85$87,397,936$22,576,076$14,755,082$85,481,184
86$96,185,180$23,554,957$15,122,031$93,901,343
87$105,864,710$24,577,792$15,497,261$103,170,604
88$116,527,415$25,646,609$15,880,924$113,375,241
89$128,273,448$26,763,529$16,273,171$124,610,320
90$141,213,173$27,930,776$16,674,156$136,980,587
91$155,468,210$29,150,676$17,084,033$150,601,463
92$171,172,575$30,425,668$17,502,956$165,600,127
93$188,473,955$31,758,302$17,931,082$182,116,714
94$207,535,090$33,151,251$18,368,566$200,305,642
95$228,535,321$34,607,314$18,815,564$220,337,063
96$251,672,272$36,129,421$19,272,234$242,398,468
97$277,163,722$37,720,641$19,738,732$266,696,458
98$305,249,658$39,384,188$20,215,216$293,458,687
99$336,194,539$41,123,429$20,701,841$322,936,015
100$370,289,795$42,941,890$21,198,766$355,404,870