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%16.3%
1 years$627,601$622,011$616,556$611,233$606,035$590,426
2 years$310,694$304,907$299,299$293,862$288,588$272,966
3 years$205,072$199,260$193,666$188,280$183,092$167,946
4 years$152,271$146,477$140,940$135,645$130,583$116,029
5 years$120,599$114,840$109,375$104,189$99,267$85,346
6 years$99,491$93,775$88,391$83,320$78,547$65,271
7 years$84,420$78,753$73,453$68,502$63,879$51,252
8 years$73,122$67,505$62,294$57,465$52,994$41,008
9 years$64,339$58,776$53,654$48,947$44,629$33,273
10 years$57,317$51,808$46,777$42,193$38,026$27,288
11 years$51,575$46,121$41,182$36,721$32,704$22,566
12 years$46,794$41,396$36,548$32,209$28,340$18,786
13 years$42,751$37,410$32,653$28,436$24,713$15,723
14 years$39,289$34,005$29,339$25,242$21,663$13,217
15 years$36,291$31,064$26,489$22,511$19,074$11,150
16 years$33,671$28,501$24,016$20,157$16,858$9,434
17 years$31,361$26,248$21,854$18,110$14,947$8,002
18 years$29,310$24,254$19,950$16,321$13,290$6,801
19 years$27,477$22,479$18,263$14,748$11,846$5,790
20 years$25,830$20,888$16,761$13,357$10,581$4,937
21 years$24,341$19,457$15,417$12,122$9,469$4,215
22 years$22,990$18,162$14,209$11,022$8,488$3,602
23 years$21,758$16,987$13,119$10,038$7,619$3,081
24 years$20,630$15,915$12,133$9,155$6,848$2,637
25 years$19,594$14,936$11,238$8,361$6,162$2,259
26 years$18,639$14,037$10,422$7,645$5,551$1,936
27 years$17,757$13,211$9,678$6,997$5,004$1,660
28 years$16,939$12,448$8,997$6,411$4,516$1,424
29 years$16,179$11,744$8,373$5,879$4,077$1,222
30 years$15,470$11,091$7,799$5,396$3,684$1,049
31 years$14,809$10,484$7,271$4,955$3,331$900
32 years$14,190$9,920$6,784$4,554$3,013$773
33 years$13,610$9,395$6,334$4,188$2,727$664
34 years$13,066$8,904$5,918$3,853$2,469$570
35 years$12,553$8,445$5,533$3,547$2,236$490
36 years$12,071$8,016$5,176$3,267$2,026$421
37 years$11,615$7,613$4,845$3,010$1,836$362
38 years$11,184$7,235$4,537$2,774$1,665$311
39 years$10,777$6,880$4,250$2,558$1,510$267
40 years$10,390$6,546$3,984$2,359$1,369$230
41 years$10,024$6,231$3,736$2,177$1,242$197
42 years$9,676$5,934$3,504$2,009$1,127$170
43 years$9,345$5,654$3,288$1,855$1,023$146
44 years$9,030$5,389$3,087$1,712$929$125
45 years$8,730$5,139$2,898$1,581$843$108
46 years$8,443$4,903$2,722$1,461$765$93
47 years$8,170$4,679$2,557$1,350$695$80
48 years$7,909$4,466$2,403$1,247$631$69
49 years$7,659$4,265$2,259$1,153$573$59
50 years$7,420$4,074$2,124$1,065$521$51

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 $5,537 every year, while hoping to spend $33,013 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: 60/35/5 Blend
59$7,600,000$7,600,000$7,600,000$7,600,000
60$8,380,911$7,978,111$7,860,311$8,876,347
61$9,200,639$8,333,913$8,088,506$9,564,043
62$10,102,872$8,706,043$8,323,239$10,309,445
63$11,095,992$9,095,266$8,564,694$11,121,568
64$12,189,232$9,502,383$8,813,061$12,006,820
65$13,392,769$9,928,235$9,068,534$12,972,249
66$14,717,814$10,373,701$9,331,312$14,025,601
67$16,176,721$10,839,703$9,601,601$15,175,393
68$17,783,104$11,327,206$9,879,613$16,430,994
69$19,551,964$11,837,222$10,165,563$17,802,702
70$21,499,829$12,370,811$10,459,674$19,301,850
71$23,644,914$12,929,083$10,762,175$20,940,898
72$26,007,288$13,513,201$11,073,301$22,733,557
73$28,609,069$14,124,385$11,393,294$24,694,911
74$31,474,626$14,763,912$11,722,401$26,841,554
75$34,630,813$15,433,119$12,060,877$29,191,749
76$38,107,224$16,133,410$12,408,985$31,765,588
77$41,936,467$16,866,253$12,766,991$34,585,188
78$46,154,475$17,633,188$13,135,174$37,674,886
79$50,800,845$18,435,828$13,513,817$41,061,472
80$55,919,212$19,275,864$13,903,210$44,774,432
81$61,557,657$20,155,067$14,303,653$48,846,224
82$67,769,167$21,075,293$14,715,454$53,312,579
83$74,612,128$22,038,489$15,138,927$58,212,835
84$82,150,882$23,046,692$15,574,399$63,590,299
85$90,456,331$24,102,039$16,022,200$69,492,654
86$99,606,607$25,206,769$16,482,674$75,972,399
87$109,687,808$26,363,228$16,956,171$83,087,343
88$120,794,813$27,573,875$17,443,052$90,901,143
89$133,032,177$28,841,288$17,943,687$99,483,893
90$146,515,116$30,168,167$18,458,456$108,912,787
91$161,370,594$31,557,344$18,987,751$119,272,835
92$177,738,525$33,011,784$19,531,972$130,657,656
93$195,773,092$34,534,599$20,091,530$143,170,359
94$215,644,199$36,129,046$20,666,848$156,924,505
95$237,539,080$37,798,542$21,258,360$172,045,169
96$261,664,063$39,546,668$21,866,512$188,670,112
97$288,246,518$41,377,175$22,491,761$206,951,075
98$317,537,005$43,293,998$23,134,576$227,055,194
99$349,811,635$45,301,260$23,795,440$249,166,574
100$385,374,682$47,403,281$24,474,848$273,488,014