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%12.6%
1 years$627,601$622,011$616,556$611,233$606,035$599,456
2 years$310,694$304,907$299,299$293,862$288,588$281,964
3 years$205,072$199,260$193,666$188,280$183,092$176,629
4 years$152,271$146,477$140,940$135,645$130,583$124,330
5 years$120,599$114,840$109,375$104,189$99,267$93,242
6 years$99,491$93,775$88,391$83,320$78,547$72,758
7 years$84,420$78,753$73,453$68,502$63,879$58,329
8 years$73,122$67,505$62,294$57,465$52,994$47,681
9 years$64,339$58,776$53,654$48,947$44,629$39,552
10 years$57,317$51,808$46,777$42,193$38,026$33,182
11 years$51,575$46,121$41,182$36,721$32,704$28,088
12 years$46,794$41,396$36,548$32,209$28,340$23,948
13 years$42,751$37,410$32,653$28,436$24,713$20,540
14 years$39,289$34,005$29,339$25,242$21,663$17,703
15 years$36,291$31,064$26,489$22,511$19,074$15,320
16 years$33,671$28,501$24,016$20,157$16,858$13,304
17 years$31,361$26,248$21,854$18,110$14,947$11,587
18 years$29,310$24,254$19,950$16,321$13,290$10,116
19 years$27,477$22,479$18,263$14,748$11,846$8,852
20 years$25,830$20,888$16,761$13,357$10,581$7,759
21 years$24,341$19,457$15,417$12,122$9,469$6,813
22 years$22,990$18,162$14,209$11,022$8,488$5,990
23 years$21,758$16,987$13,119$10,038$7,619$5,273
24 years$20,630$15,915$12,133$9,155$6,848$4,647
25 years$19,594$14,936$11,238$8,361$6,162$4,098
26 years$18,639$14,037$10,422$7,645$5,551$3,618
27 years$17,757$13,211$9,678$6,997$5,004$3,196
28 years$16,939$12,448$8,997$6,411$4,516$2,825
29 years$16,179$11,744$8,373$5,879$4,077$2,498
30 years$15,470$11,091$7,799$5,396$3,684$2,211
31 years$14,809$10,484$7,271$4,955$3,331$1,957
32 years$14,190$9,920$6,784$4,554$3,013$1,733
33 years$13,610$9,395$6,334$4,188$2,727$1,535
34 years$13,066$8,904$5,918$3,853$2,469$1,360
35 years$12,553$8,445$5,533$3,547$2,236$1,205
36 years$12,071$8,016$5,176$3,267$2,026$1,069
37 years$11,615$7,613$4,845$3,010$1,836$948
38 years$11,184$7,235$4,537$2,774$1,665$840
39 years$10,777$6,880$4,250$2,558$1,510$745
40 years$10,390$6,546$3,984$2,359$1,369$661
41 years$10,024$6,231$3,736$2,177$1,242$587
42 years$9,676$5,934$3,504$2,009$1,127$521
43 years$9,345$5,654$3,288$1,855$1,023$462
44 years$9,030$5,389$3,087$1,712$929$410
45 years$8,730$5,139$2,898$1,581$843$364
46 years$8,443$4,903$2,722$1,461$765$323
47 years$8,170$4,679$2,557$1,350$695$287
48 years$7,909$4,466$2,403$1,247$631$255
49 years$7,659$4,265$2,259$1,153$573$226
50 years$7,420$4,074$2,124$1,065$521$201

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 $6,612 every year, while hoping to spend $33,223 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: 74/13/13 Blend
59$7,600,000$7,600,000$7,600,000$7,600,000
60$8,382,020$7,979,220$7,861,420$8,979,129
61$9,201,637$8,334,853$8,089,429$9,730,278
62$10,103,742$8,706,798$8,323,962$10,548,255
63$11,096,712$9,095,820$8,565,204$11,443,564
64$12,189,781$9,502,720$8,813,342$12,423,870
65$13,393,121$9,928,335$9,068,571$13,497,607
66$14,717,941$10,373,545$9,331,090$14,674,064
67$16,176,592$10,839,270$9,601,103$15,963,465
68$17,782,685$11,326,474$9,878,820$17,377,070
69$19,551,215$11,836,168$10,164,457$18,927,274
70$21,498,708$12,369,410$10,458,236$20,627,728
71$23,643,374$12,927,308$10,760,384$22,493,463
72$26,005,278$13,511,026$11,071,136$24,541,031
73$28,606,529$14,121,779$11,390,732$26,788,662
74$31,471,492$14,760,843$11,719,419$29,256,432
75$34,627,015$15,429,556$12,057,450$31,966,450
76$38,102,683$16,129,316$12,405,087$34,943,068
77$41,931,095$16,861,591$12,762,596$38,213,109
78$46,148,177$17,627,919$13,130,253$41,806,113
79$50,793,514$18,429,911$13,508,340$45,754,621
80$55,910,730$19,269,254$13,897,147$50,094,475
81$61,547,895$20,147,718$14,296,972$54,865,158
82$67,757,980$21,067,156$14,708,120$60,110,160
83$74,599,358$22,029,510$15,130,906$65,877,391
84$82,136,354$23,036,817$15,565,653$72,219,627
85$90,439,851$24,091,210$16,012,691$79,195,008
86$99,587,960$25,194,924$16,472,361$86,867,582
87$109,666,759$26,350,302$16,945,012$95,307,912
88$120,771,102$27,559,800$17,431,003$104,593,730
89$133,005,514$28,825,991$17,930,702$114,810,679
90$146,485,184$30,151,571$18,444,487$126,053,107
91$161,337,042$31,539,368$18,972,747$138,424,965
92$177,700,967$32,992,344$19,515,881$152,040,777
93$195,731,100$34,513,603$20,074,297$167,026,721
94$215,597,303$36,106,399$20,648,416$183,521,816
95$237,486,759$37,774,144$21,238,670$201,679,231
96$261,605,744$39,520,413$21,845,500$221,667,725
97$288,181,568$41,348,951$22,469,363$243,673,239
98$317,464,725$43,263,687$23,110,724$267,900,644
99$349,731,257$45,268,738$23,770,063$294,575,672
100$385,285,356$47,368,417$24,447,871$323,947,041