Can I retire at age 60 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$346,832$343,743$340,729$337,787$334,914$323,675
2 years$171,699$168,501$165,402$162,397$159,483$148,271
3 years$113,329$110,117$107,026$104,050$101,182$90,349
4 years$84,150$80,948$77,888$74,962$72,164$61,793
5 years$66,647$63,464$60,444$57,578$54,858$44,976
6 years$54,982$51,823$48,848$46,046$43,407$34,022
7 years$46,653$43,521$40,593$37,857$35,302$26,412
8 years$40,409$37,306$34,426$31,757$29,286$20,886
9 years$35,556$32,481$29,651$27,050$24,663$16,742
10 years$31,675$28,631$25,850$23,317$21,014$13,559
11 years$28,502$25,488$22,758$20,293$18,073$11,070
12 years$25,860$22,877$20,197$17,800$15,662$9,094
13 years$23,626$20,674$18,045$15,714$13,657$7,509
14 years$21,712$18,792$16,214$13,950$11,972$6,226
15 years$20,056$17,167$14,639$12,441$10,541$5,178
16 years$18,608$15,750$13,272$11,139$9,316$4,319
17 years$17,331$14,505$12,077$10,008$8,260$3,610
18 years$16,198$13,404$11,025$9,020$7,345$3,023
19 years$15,185$12,422$10,093$8,150$6,547$2,535
20 years$14,274$11,543$9,263$7,381$5,847$2,129
21 years$13,452$10,752$8,520$6,699$5,233$1,790
22 years$12,705$10,037$7,852$6,091$4,690$1,506
23 years$12,024$9,387$7,250$5,547$4,210$1,268
24 years$11,401$8,795$6,705$5,059$3,784$1,068
25 years$10,828$8,254$6,210$4,621$3,405$901
26 years$10,301$7,757$5,760$4,225$3,067$759
27 years$9,813$7,301$5,348$3,867$2,766$641
28 years$9,361$6,879$4,972$3,543$2,495$541
29 years$8,941$6,490$4,627$3,249$2,253$456
30 years$8,549$6,129$4,310$2,982$2,036$385
31 years$8,184$5,794$4,018$2,739$1,841$325
32 years$7,842$5,482$3,749$2,517$1,665$275
33 years$7,522$5,192$3,500$2,314$1,507$232
34 years$7,221$4,921$3,270$2,129$1,364$196
35 years$6,937$4,667$3,058$1,960$1,236$166
36 years$6,671$4,430$2,860$1,805$1,120$140
37 years$6,419$4,207$2,677$1,663$1,015$118
38 years$6,181$3,998$2,507$1,533$920$100
39 years$5,956$3,802$2,349$1,414$834$84
40 years$5,742$3,617$2,202$1,304$757$71
41 years$5,540$3,443$2,064$1,203$687$60
42 years$5,347$3,279$1,937$1,110$623$51
43 years$5,164$3,125$1,817$1,025$565$43
44 years$4,990$2,978$1,706$946$513$36
45 years$4,824$2,840$1,602$874$466$31
46 years$4,666$2,709$1,504$807$423$26
47 years$4,515$2,586$1,413$746$384$22
48 years$4,371$2,468$1,328$689$349$19
49 years$4,233$2,357$1,248$637$317$16
50 years$4,101$2,252$1,174$589$288$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,200,000, adding $5,579 every year, while hoping to spend $30,329 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: 43/29/28 Blend
59$4,200,000$4,200,000$4,200,000$4,200,000
60$4,634,155$4,411,555$4,346,455$4,795,369
61$5,074,569$4,595,451$4,459,791$5,095,368
62$5,558,888$4,787,342$4,575,908$5,416,913
63$6,091,560$4,987,587$4,694,866$5,764,737
64$6,677,483$5,196,562$4,816,728$6,141,292
65$7,322,054$5,414,662$4,941,556$6,549,274
66$8,031,221$5,642,297$5,069,415$6,991,647
67$8,811,536$5,879,900$5,200,371$7,471,664
68$9,670,218$6,127,921$5,334,489$7,992,903
69$10,615,223$6,386,832$5,471,837$8,559,298
70$11,655,316$6,657,127$5,612,484$9,175,171
71$12,800,155$6,939,323$5,756,499$9,845,276
72$14,060,381$7,233,960$5,903,952$10,574,842
73$15,447,720$7,541,604$6,054,914$11,369,617
74$16,975,093$7,862,848$6,209,460$12,235,926
75$18,656,737$8,198,312$6,367,661$13,180,724
76$20,508,339$8,548,645$6,529,593$14,211,664
77$22,547,186$8,914,525$6,695,331$15,337,167
78$24,792,326$9,296,663$6,864,951$16,566,497
79$27,264,748$9,695,805$7,038,532$17,909,849
80$29,987,581$10,112,727$7,216,151$19,378,441
81$32,986,310$10,548,247$7,397,888$20,984,623
82$36,289,019$11,003,217$7,583,823$22,741,985
83$39,926,656$11,478,530$7,774,037$24,665,486
84$43,933,319$11,975,123$7,968,612$26,771,594
85$48,346,589$12,493,975$8,167,631$29,078,437
86$53,207,871$13,036,110$8,371,177$31,605,975
87$58,562,798$13,602,603$8,579,335$34,376,178
88$64,461,650$14,194,578$8,792,190$37,413,243
89$70,959,837$14,813,211$9,009,827$40,743,806
90$78,118,416$15,459,734$9,232,332$44,397,201
91$86,004,672$16,135,438$9,459,793$48,405,729
92$94,692,748$16,841,675$9,692,296$52,804,961
93$104,264,350$17,579,858$9,929,929$57,634,069
94$114,809,513$18,351,470$10,172,780$62,936,193
95$126,427,453$19,158,062$10,420,939$68,758,846
96$139,227,506$20,001,260$10,674,493$75,154,359
97$153,330,154$20,882,764$10,933,531$82,180,366
98$168,868,168$21,804,358$11,198,142$89,900,349
99$185,987,857$22,767,907$11,468,416$98,384,234
100$204,850,451$23,775,367$11,744,440$107,709,041