Can I retire at age 60 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$338,574$335,558$332,616$329,744$326,940$320,339
2 years$167,611$164,489$161,464$158,531$155,686$149,064
3 years$110,631$107,496$104,478$101,572$98,773$92,338
4 years$82,146$79,021$76,033$73,177$70,446$64,246
5 years$65,060$61,953$59,005$56,207$53,552$47,605
6 years$53,673$50,589$47,685$44,949$42,374$36,687
7 years$45,542$42,485$39,626$36,955$34,461$29,035
8 years$39,447$36,417$33,606$31,001$28,589$23,422
9 years$34,709$31,708$28,945$26,406$24,076$19,165
10 years$30,921$27,949$25,235$22,762$20,514$15,855
11 years$27,823$24,881$22,216$19,810$17,643$13,229
12 years$25,244$22,332$19,716$17,376$15,289$11,114
13 years$23,063$20,182$17,615$15,340$13,332$9,389
14 years$21,195$18,345$15,827$13,617$11,687$7,968
15 years$19,578$16,758$14,290$12,144$10,290$6,788
16 years$18,165$15,375$12,956$10,874$9,094$5,801
17 years$16,918$14,160$11,790$9,770$8,064$4,970
18 years$15,812$13,085$10,762$8,805$7,170$4,268
19 years$14,823$12,127$9,852$7,956$6,391$3,672
20 years$13,935$11,269$9,042$7,206$5,708$3,164
21 years$13,132$10,496$8,317$6,540$5,108$2,730
22 years$12,402$9,798$7,665$5,946$4,579$2,359
23 years$11,738$9,164$7,078$5,415$4,110$2,040
24 years$11,129$8,586$6,546$4,939$3,694$1,766
25 years$10,570$8,057$6,062$4,510$3,324$1,529
26 years$10,055$7,573$5,623$4,124$2,994$1,325
27 years$9,579$7,127$5,221$3,775$2,700$1,149
28 years$9,138$6,716$4,854$3,459$2,436$997
29 years$8,728$6,335$4,517$3,172$2,200$866
30 years$8,346$5,983$4,207$2,911$1,988$752
31 years$7,989$5,656$3,922$2,673$1,797$653
32 years$7,655$5,352$3,660$2,457$1,625$567
33 years$7,342$5,068$3,417$2,259$1,471$493
34 years$7,049$4,803$3,193$2,079$1,332$428
35 years$6,772$4,556$2,985$1,914$1,206$372
36 years$6,512$4,324$2,792$1,762$1,093$324
37 years$6,266$4,107$2,614$1,624$991$282
38 years$6,034$3,903$2,447$1,497$898$245
39 years$5,814$3,712$2,293$1,380$814$213
40 years$5,605$3,531$2,149$1,273$739$185
41 years$5,408$3,361$2,015$1,174$670$161
42 years$5,220$3,201$1,890$1,084$608$140
43 years$5,041$3,050$1,774$1,000$552$122
44 years$4,871$2,907$1,665$924$501$106
45 years$4,709$2,773$1,563$853$455$92
46 years$4,555$2,645$1,468$788$413$80
47 years$4,408$2,524$1,380$728$375$70
48 years$4,267$2,410$1,296$673$341$61
49 years$4,132$2,301$1,219$622$309$53
50 years$4,003$2,198$1,146$575$281$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,100,000, adding $2,492 every year, while hoping to spend $52,687 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: 40/34/26 Blend
59$4,100,000$4,100,000$4,100,000$4,100,000
60$4,520,770$4,303,470$4,239,920$4,666,770
61$4,925,831$4,458,282$4,325,899$4,927,519
62$5,370,441$4,618,913$4,412,992$5,204,313
63$5,858,580$4,785,594$4,501,182$5,502,751
64$6,394,630$4,958,564$4,590,447$5,824,844
65$6,983,420$5,138,071$4,680,764$6,172,803
66$7,630,267$5,324,374$4,772,108$6,549,058
67$8,341,030$5,517,745$4,864,449$6,956,279
68$9,122,164$5,718,463$4,957,758$7,397,405
69$9,980,780$5,926,823$5,051,998$7,875,665
70$10,924,712$6,143,129$5,147,132$8,394,611
71$11,962,590$6,367,700$5,243,118$8,958,150
72$13,103,924$6,600,867$5,339,912$9,570,580
73$14,359,190$6,842,976$5,437,465$10,236,630
74$15,739,932$7,094,385$5,535,724$10,961,501
75$17,258,866$7,355,471$5,634,632$11,750,919
76$18,930,005$7,626,625$5,734,127$12,611,182
77$20,768,789$7,908,253$5,834,144$13,549,225
78$22,792,228$8,200,780$5,934,611$14,572,678
79$25,019,067$8,504,649$6,035,451$15,689,942
80$27,469,957$8,820,322$6,136,584$16,910,261
81$30,167,654$9,148,280$6,237,921$18,243,817
82$33,137,233$9,489,024$6,339,370$19,701,815
83$36,406,323$9,843,078$6,440,831$21,296,593
84$40,005,365$10,210,986$6,542,196$23,041,739
85$43,967,907$10,593,319$6,643,354$24,952,210
86$48,330,910$10,990,668$6,744,183$27,044,481
87$53,135,106$11,403,654$6,844,556$29,336,691
88$58,425,374$11,832,920$6,944,336$31,848,817
89$64,251,170$12,279,142$7,043,380$34,602,861
90$70,666,990$12,743,019$7,141,533$37,623,054
91$77,732,882$13,225,286$7,238,633$40,936,083
92$85,515,017$13,726,707$7,334,509$44,571,345
93$94,086,312$14,248,079$7,428,978$48,561,214
94$103,527,115$14,790,234$7,521,848$52,941,356
95$113,925,966$15,354,041$7,612,916$57,751,053
96$125,380,431$15,940,405$7,701,965$63,033,577
97$137,998,023$16,550,273$7,788,769$68,836,598
98$151,897,217$17,184,631$7,873,087$75,212,627
99$167,208,564$17,844,510$7,954,667$82,219,511
100$184,075,931$18,530,985$8,033,242$89,920,978