Can I retire at age 60 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$379,864$376,480$373,179$369,957$366,810$359,257
2 years$188,051$184,549$181,155$177,864$174,672$167,096
3 years$124,122$120,605$117,219$113,959$110,819$103,458
4 years$92,164$88,657$85,306$82,101$79,037$71,947
5 years$72,994$69,508$66,201$63,062$60,083$53,283
6 years$60,218$56,759$53,500$50,431$47,541$41,040
7 years$51,096$47,666$44,459$41,462$38,664$32,463
8 years$44,258$40,859$37,704$34,781$32,075$26,172
9 years$38,942$35,575$32,475$29,626$27,012$21,402
10 years$34,692$31,357$28,312$25,538$23,016$17,694
11 years$31,216$27,916$24,926$22,226$19,794$14,754
12 years$28,322$25,056$22,121$19,495$17,153$12,387
13 years$25,876$22,643$19,764$17,211$14,958$10,458
14 years$23,780$20,582$17,758$15,278$13,112$8,870
15 years$21,966$18,802$16,033$13,625$11,545$7,551
16 years$20,380$17,250$14,536$12,200$10,203$6,448
17 years$18,982$15,887$13,227$10,962$9,047$5,521
18 years$17,740$14,680$12,075$9,879$8,044$4,737
19 years$16,631$13,605$11,054$8,926$7,170$4,073
20 years$15,634$12,643$10,145$8,084$6,404$3,507
21 years$14,733$11,776$9,331$7,337$5,731$3,024
22 years$13,915$10,993$8,600$6,671$5,137$2,610
23 years$13,169$10,281$7,941$6,075$4,611$2,256
24 years$12,487$9,633$7,344$5,541$4,145$1,951
25 years$11,860$9,040$6,802$5,061$3,730$1,688
26 years$11,282$8,496$6,308$4,627$3,360$1,462
27 years$10,748$7,996$5,858$4,235$3,029$1,267
28 years$10,252$7,534$5,446$3,880$2,733$1,098
29 years$9,792$7,108$5,068$3,558$2,468$953
30 years$9,364$6,713$4,720$3,266$2,230$826
31 years$8,963$6,346$4,401$2,999$2,016$717
32 years$8,589$6,004$4,106$2,756$1,824$623
33 years$8,238$5,686$3,834$2,535$1,650$541
34 years$7,908$5,389$3,582$2,332$1,494$469
35 years$7,598$5,112$3,349$2,147$1,353$408
36 years$7,306$4,852$3,133$1,977$1,226$354
37 years$7,030$4,608$2,932$1,822$1,111$308
38 years$6,769$4,379$2,746$1,679$1,008$267
39 years$6,523$4,164$2,573$1,548$914$232
40 years$6,289$3,962$2,411$1,428$829$202
41 years$6,067$3,771$2,261$1,318$752$176
42 years$5,856$3,592$2,121$1,216$682$153
43 years$5,656$3,422$1,990$1,122$619$133
44 years$5,465$3,262$1,868$1,036$562$115
45 years$5,284$3,111$1,754$957$510$100
46 years$5,110$2,967$1,648$884$463$87
47 years$4,945$2,832$1,548$817$421$76
48 years$4,787$2,703$1,455$755$382$66
49 years$4,636$2,582$1,367$698$347$57
50 years$4,491$2,466$1,285$645$315$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $4,600,000, adding $4,757 every year, while hoping to spend $35,463 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: 69/15/16 Blend
59$4,600,000$4,600,000$4,600,000$4,600,000
60$5,074,107$4,830,307$4,759,007$5,404,840
61$5,553,933$5,029,260$4,880,701$5,824,662
62$6,081,514$5,236,772$5,005,284$6,279,175
63$6,661,681$5,453,227$5,132,814$6,775,572
64$7,299,761$5,679,024$5,263,352$7,317,975
65$8,001,621$5,914,580$5,396,958$7,910,922
66$8,773,724$6,160,333$5,533,694$8,559,406
67$9,623,195$6,416,740$5,673,624$9,268,926
68$10,557,879$6,684,279$5,816,809$10,045,534
69$11,586,425$6,963,450$5,963,314$10,895,897
70$12,718,359$7,254,778$6,113,204$11,827,349
71$13,964,179$7,558,810$6,266,544$12,847,972
72$15,335,453$7,876,118$6,423,400$13,966,662
73$16,844,924$8,207,303$6,583,838$15,193,214
74$18,506,636$8,552,991$6,747,927$16,538,419
75$20,336,065$8,913,840$6,915,735$18,014,156
76$22,350,261$9,290,535$7,087,329$19,633,510
77$24,568,011$9,683,795$7,262,779$21,410,892
78$27,010,021$10,094,373$7,442,154$23,362,175
79$29,699,101$10,523,056$7,625,524$25,504,841
80$32,660,390$10,970,667$7,812,960$27,858,145
81$35,921,589$11,438,068$8,004,533$30,443,297
82$39,513,219$11,926,162$8,200,313$33,283,660
83$43,468,916$12,435,892$8,400,373$36,404,971
84$47,825,743$12,968,248$8,604,782$39,835,577
85$52,624,541$13,524,264$8,813,614$43,606,710
86$57,910,313$14,105,023$9,026,940$47,752,772
87$63,732,654$14,711,658$9,244,831$52,311,662
88$70,146,212$15,345,356$9,467,360$57,325,134
89$77,211,206$16,007,359$9,694,597$62,839,185
90$84,993,997$16,698,968$9,926,615$68,904,490
91$93,567,712$17,421,544$10,163,483$75,576,880
92$103,012,931$18,176,512$10,405,272$82,917,863
93$113,418,455$18,965,366$10,652,053$90,995,207
94$124,882,135$19,789,667$10,903,895$99,883,574
95$137,511,803$20,651,050$11,160,866$109,665,228
96$151,426,285$21,551,230$11,423,033$120,430,800
97$166,756,525$22,492,000$11,690,464$132,280,153
98$183,646,820$23,475,237$11,963,223$145,323,313
99$202,256,180$24,502,908$12,241,376$159,681,509
100$222,759,833$25,577,073$12,524,984$175,488,315