Can I retire at age 60 with 4,500,000?

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 $4,500,000?

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$371,606$368,296$365,066$361,914$358,836$351,591
2 years$183,963$180,537$177,217$173,997$170,874$163,607
3 years$121,424$117,983$114,671$111,482$108,410$101,346
4 years$90,160$86,730$83,451$80,316$77,319$70,514
5 years$71,407$67,997$64,761$61,691$58,776$52,250
6 years$58,909$55,525$52,337$49,334$46,508$40,266
7 years$49,985$46,630$43,492$40,561$37,823$31,868
8 years$43,296$39,970$36,885$34,025$31,378$25,708
9 years$38,095$34,801$31,769$28,982$26,425$21,035
10 years$33,937$30,676$27,697$24,983$22,515$17,401
11 years$30,538$27,309$24,384$21,742$19,364$14,519
12 years$27,707$24,511$21,640$19,071$16,780$12,198
13 years$25,313$22,151$19,334$16,837$14,633$10,305
14 years$23,263$20,134$17,372$14,946$12,827$8,746
15 years$21,488$18,393$15,684$13,329$11,294$7,450
16 years$19,937$16,875$14,220$11,935$9,982$6,367
17 years$18,569$15,542$12,940$10,723$8,850$5,455
18 years$17,355$14,361$11,812$9,664$7,869$4,684
19 years$16,270$13,310$10,814$8,732$7,014$4,030
20 years$15,294$12,368$9,924$7,909$6,265$3,473
21 years$14,413$11,520$9,128$7,178$5,607$2,997
22 years$13,612$10,754$8,413$6,526$5,026$2,589
23 years$12,883$10,058$7,768$5,943$4,511$2,239
24 years$12,215$9,424$7,184$5,421$4,055$1,938
25 years$11,602$8,844$6,654$4,951$3,649$1,678
26 years$11,036$8,311$6,171$4,527$3,287$1,455
27 years$10,514$7,822$5,731$4,143$2,963$1,262
28 years$10,030$7,371$5,327$3,796$2,674$1,095
29 years$9,579$6,953$4,957$3,481$2,414$950
30 years$9,160$6,567$4,618$3,195$2,181$825
31 years$8,769$6,208$4,305$2,934$1,972$716
32 years$8,402$5,874$4,017$2,697$1,784$622
33 years$8,059$5,563$3,750$2,480$1,615$541
34 years$7,736$5,272$3,504$2,282$1,462$470
35 years$7,433$5,000$3,276$2,100$1,324$409
36 years$7,147$4,746$3,065$1,934$1,200$355
37 years$6,877$4,508$2,868$1,782$1,087$309
38 years$6,622$4,284$2,686$1,643$986$269
39 years$6,381$4,074$2,517$1,515$894$234
40 years$6,152$3,876$2,359$1,397$811$203
41 years$5,935$3,689$2,212$1,289$736$177
42 years$5,729$3,514$2,075$1,190$667$154
43 years$5,533$3,348$1,947$1,098$606$134
44 years$5,347$3,191$1,828$1,014$550$116
45 years$5,169$3,043$1,716$936$499$101
46 years$4,999$2,903$1,612$865$453$88
47 years$4,838$2,770$1,514$799$412$77
48 years$4,683$2,645$1,423$738$374$67
49 years$4,535$2,525$1,337$682$339$58
50 years$4,394$2,412$1,257$631$308$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,500,000, adding $6,892 every year, while hoping to spend $40,779 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: 65/22/13 Blend
59$4,500,000$4,500,000$4,500,000$4,500,000
60$4,966,109$4,727,609$4,657,859$5,273,489
61$5,429,264$4,915,873$4,770,509$5,667,942
62$5,938,293$5,111,996$4,885,566$6,093,391
63$6,497,834$5,316,319$5,003,067$6,557,245
64$7,112,994$5,529,199$5,123,050$7,063,251
65$7,789,400$5,751,010$5,245,553$7,615,532
66$8,533,252$5,982,143$5,370,613$8,218,622
67$9,351,382$6,223,006$5,498,266$8,877,515
68$10,251,314$6,474,024$5,628,549$9,597,705
69$11,241,341$6,735,645$5,761,498$10,385,239
70$12,330,599$7,008,333$5,897,150$11,246,774
71$13,529,155$7,292,576$6,035,539$12,189,637
72$14,848,099$7,588,883$6,176,701$13,221,897
73$16,299,654$7,897,787$6,320,669$14,352,433
74$17,897,284$8,219,844$6,467,477$15,591,026
75$19,655,828$8,555,636$6,617,157$16,948,442
76$21,591,632$8,905,773$6,769,742$18,436,535
77$23,722,713$9,270,890$6,925,263$20,068,362
78$26,068,918$9,651,652$7,083,748$21,858,298
79$28,652,122$10,048,757$7,245,227$23,822,174
80$31,496,423$10,462,931$7,409,727$25,977,426
81$34,628,379$10,894,935$7,577,274$28,343,256
82$38,077,254$11,345,567$7,747,893$30,940,812
83$41,875,292$11,815,658$7,921,605$33,793,387
84$46,058,026$12,306,080$8,098,433$36,926,637
85$50,664,610$12,817,743$8,278,396$40,368,820
86$55,738,188$13,351,600$8,461,510$44,151,065
87$61,326,303$13,908,649$8,647,791$48,307,657
88$67,481,346$14,489,932$8,837,252$52,876,366
89$74,261,045$15,096,540$9,029,901$57,898,798
90$81,729,016$15,729,615$9,225,748$63,420,785
91$89,955,360$16,390,352$9,424,795$69,492,817
92$99,017,327$17,079,998$9,627,045$76,170,516
93$109,000,039$17,799,863$9,832,496$83,515,158
94$119,997,300$18,551,314$10,041,142$91,594,249
95$132,112,479$19,335,783$10,252,975$100,482,162
96$145,459,483$20,154,767$10,467,981$110,260,832
97$160,163,835$21,009,835$10,686,142$121,020,533
98$176,363,856$21,902,627$10,907,438$132,860,718
99$194,211,973$22,834,860$11,131,842$145,890,966
100$213,876,158$23,808,331$11,359,321$160,232,004