Can I retire at age 60 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$255,995$253,715$251,490$249,319$247,198$240,442
2 years$126,730$124,370$122,083$119,865$117,714$110,956
3 years$83,648$81,277$78,996$76,799$74,682$68,135
4 years$62,110$59,747$57,489$55,329$53,264$46,978
5 years$49,192$46,843$44,613$42,498$40,490$34,482
6 years$40,582$38,251$36,054$33,986$32,039$26,314
7 years$34,434$32,123$29,961$27,942$26,056$20,615
8 years$29,826$27,535$25,410$23,440$21,616$16,456
9 years$26,243$23,974$21,885$19,965$18,204$13,320
10 years$23,379$21,132$19,080$17,210$15,511$10,897
11 years$21,037$18,813$16,798$14,978$13,340$8,988
12 years$19,087$16,885$14,908$13,138$11,560$7,463
13 years$17,438$15,259$13,319$11,599$10,080$6,229
14 years$16,026$13,870$11,967$10,296$8,836$5,222
15 years$14,803$12,671$10,805$9,182$7,780$4,393
16 years$13,734$11,625$9,796$8,222$6,876$3,706
17 years$12,792$10,706$8,914$7,387$6,097$3,134
18 years$11,956$9,893$8,137$6,657$5,421$2,656
19 years$11,208$9,169$7,449$6,015$4,832$2,255
20 years$10,536$8,520$6,837$5,448$4,316$1,917
21 years$9,929$7,936$6,288$4,945$3,862$1,631
22 years$9,377$7,408$5,796$4,496$3,462$1,390
23 years$8,875$6,929$5,351$4,094$3,108$1,185
24 years$8,415$6,492$4,949$3,734$2,793$1,011
25 years$7,992$6,092$4,584$3,410$2,514$863
26 years$7,603$5,726$4,251$3,118$2,264$738
27 years$7,243$5,389$3,948$2,854$2,041$630
28 years$6,909$5,078$3,670$2,615$1,842$539
29 years$6,599$4,790$3,415$2,398$1,663$461
30 years$6,310$4,524$3,181$2,201$1,503$394
31 years$6,041$4,276$2,966$2,021$1,359$337
32 years$5,788$4,046$2,767$1,858$1,229$289
33 years$5,552$3,832$2,584$1,708$1,112$247
34 years$5,329$3,632$2,414$1,572$1,007$212
35 years$5,120$3,445$2,257$1,447$912$181
36 years$4,924$3,270$2,111$1,333$826$155
37 years$4,738$3,105$1,976$1,228$749$133
38 years$4,562$2,951$1,850$1,132$679$114
39 years$4,396$2,806$1,734$1,043$616$98
40 years$4,238$2,670$1,625$962$559$84
41 years$4,089$2,542$1,524$888$507$72
42 years$3,947$2,420$1,429$819$460$61
43 years$3,812$2,306$1,341$756$417$53
44 years$3,683$2,198$1,259$698$379$45
45 years$3,561$2,096$1,182$645$344$39
46 years$3,444$2,000$1,110$596$312$33
47 years$3,333$1,908$1,043$550$283$28
48 years$3,226$1,822$980$509$257$24
49 years$3,124$1,740$921$470$234$21
50 years$3,027$1,662$866$435$212$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,100,000, adding $4,305 every year, while hoping to spend $56,645 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: 68/10/22 Blend
59$3,100,000$3,100,000$3,100,000$3,100,000
60$3,420,641$3,256,341$3,208,291$3,633,988
61$3,709,276$3,355,631$3,255,499$3,876,711
62$4,025,454$3,457,889$3,302,389$4,135,186
63$4,371,924$3,563,199$3,348,893$4,416,597
64$4,751,713$3,671,649$3,394,934$4,723,205
65$5,168,158$3,783,330$3,440,434$5,057,503
66$5,624,930$3,898,333$3,485,309$5,422,233
67$6,126,077$4,016,755$3,529,471$5,820,416
68$6,676,053$4,138,693$3,572,825$6,255,382
69$7,279,769$4,264,247$3,615,272$6,730,797
70$7,942,630$4,393,520$3,656,708$7,250,699
71$8,670,593$4,526,617$3,697,023$7,819,539
72$9,470,220$4,663,648$3,736,100$8,442,218
73$10,348,738$4,804,722$3,773,815$9,124,136
74$11,314,111$4,949,955$3,810,039$9,871,244
75$12,375,110$5,099,463$3,844,635$10,690,096
76$13,541,401$5,253,366$3,877,460$11,587,914
77$14,823,630$5,411,787$3,908,361$12,572,657
78$16,233,528$5,574,853$3,937,179$13,653,090
79$17,784,019$5,742,692$3,963,746$14,838,876
80$19,489,343$5,915,437$3,987,885$16,140,657
81$21,365,187$6,093,225$4,009,411$17,570,164
82$23,428,837$6,276,194$4,028,127$19,140,317
83$25,699,338$6,464,487$4,043,829$20,865,359
84$28,197,674$6,658,251$4,056,301$22,760,981
85$30,946,966$6,857,634$4,065,316$24,844,472
86$33,972,689$7,062,791$4,070,637$27,134,885
87$37,302,914$7,273,878$4,072,014$29,653,214
88$40,968,570$7,491,056$4,069,184$32,422,596
89$45,003,736$7,714,490$4,061,874$35,468,522
90$49,445,965$7,944,348$4,049,795$38,819,086
91$54,336,634$8,180,803$4,032,644$42,505,243
92$59,721,338$8,424,029$4,010,105$46,561,108
93$65,650,317$8,674,208$3,981,846$51,024,271
94$72,178,929$8,931,525$3,947,518$55,936,157
95$79,368,177$9,196,166$3,906,756$61,342,416
96$87,285,278$9,468,326$3,859,180$67,293,352
97$96,004,302$9,748,200$3,804,388$73,844,400
98$105,606,869$10,035,989$3,741,963$81,056,648
99$116,182,916$10,331,899$3,671,466$88,997,415
100$127,831,551$10,636,140$3,592,437$97,740,886