Can I retire at age 60 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$429,411$425,586$421,854$418,212$414,655$411,697
2 years$212,580$208,621$204,784$201,063$197,455$194,472
3 years$140,312$136,336$132,509$128,823$125,274$122,358
4 years$104,185$100,221$96,432$92,810$89,346$86,521
5 years$82,515$78,575$74,835$71,287$67,919$65,193
6 years$68,073$64,162$60,478$57,009$53,742$51,117
7 years$57,761$53,883$50,258$46,870$43,707$41,185
8 years$50,031$46,188$42,622$39,318$36,259$33,840
9 years$44,021$40,215$36,711$33,490$30,535$28,219
10 years$39,217$35,447$32,005$28,869$26,018$23,803
11 years$35,288$31,557$28,177$25,125$22,376$20,261
12 years$32,017$28,324$25,006$22,038$19,391$17,373
13 years$29,251$25,596$22,341$19,456$16,909$14,987
14 years$26,882$23,266$20,074$17,271$14,822$12,994
15 years$24,831$21,254$18,124$15,403$13,051$11,313
16 years$23,038$19,500$16,432$13,791$11,534$9,885
17 years$21,458$17,959$14,953$12,391$10,227$8,663
18 years$20,054$16,595$13,650$11,167$9,093$7,613
19 years$18,800$15,380$12,496$10,090$8,105$6,704
20 years$17,673$14,292$11,468$9,139$7,240$5,916
21 years$16,655$13,312$10,548$8,294$6,479$5,229
22 years$15,730$12,427$9,722$7,541$5,807$4,628
23 years$14,887$11,622$8,976$6,868$5,213$4,102
24 years$14,115$10,889$8,302$6,264$4,686$3,640
25 years$13,406$10,219$7,689$5,721$4,216$3,233
26 years$12,753$9,604$7,131$5,231$3,798$2,874
27 years$12,149$9,039$6,622$4,788$3,424$2,557
28 years$11,590$8,517$6,156$4,387$3,090$2,277
29 years$11,070$8,035$5,729$4,023$2,790$2,028
30 years$10,585$7,588$5,336$3,692$2,521$1,808
31 years$10,133$7,173$4,975$3,391$2,279$1,612
32 years$9,709$6,787$4,641$3,116$2,062$1,438
33 years$9,312$6,428$4,334$2,865$1,866$1,284
34 years$8,940$6,092$4,049$2,636$1,689$1,146
35 years$8,589$5,778$3,786$2,427$1,530$1,023
36 years$8,259$5,484$3,541$2,235$1,386$914
37 years$7,947$5,209$3,315$2,059$1,256$817
38 years$7,652$4,950$3,104$1,898$1,139$730
39 years$7,373$4,707$2,908$1,750$1,033$652
40 years$7,109$4,479$2,726$1,614$937$583
41 years$6,859$4,263$2,556$1,489$850$522
42 years$6,620$4,060$2,398$1,375$771$466
43 years$6,394$3,869$2,250$1,269$700$417
44 years$6,178$3,688$2,112$1,172$635$373
45 years$5,973$3,516$1,983$1,082$577$334
46 years$5,777$3,354$1,862$999$524$299
47 years$5,590$3,201$1,750$923$476$267
48 years$5,411$3,056$1,644$853$432$239
49 years$5,241$2,918$1,545$789$392$214
50 years$5,077$2,788$1,453$729$356$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,200,000, adding $3,229 every year, while hoping to spend $27,235 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: 72/20/8 Blend
59$5,200,000$5,200,000$5,200,000$5,200,000
60$5,733,731$5,458,131$5,377,531$6,138,815
61$6,289,593$5,696,601$5,528,700$6,645,165
62$6,901,241$5,945,844$5,684,021$7,195,682
63$7,574,336$6,206,358$5,843,604$7,797,673
64$8,315,115$6,478,666$6,007,561$8,456,206
65$9,130,451$6,763,316$6,176,009$9,176,860
66$10,027,919$7,060,880$6,349,067$9,965,772
67$11,015,862$7,371,958$6,526,856$10,829,702
68$12,103,476$7,697,180$6,709,502$11,776,085
69$13,300,892$8,037,204$6,897,132$12,813,111
70$14,619,275$8,392,719$7,089,878$13,949,793
71$16,070,926$8,764,448$7,287,874$15,196,054
72$17,669,402$9,153,146$7,491,258$16,562,819
73$19,429,637$9,559,607$7,700,172$18,062,120
74$21,368,093$9,984,660$7,914,760$19,707,200
75$23,502,904$10,429,175$8,135,171$21,512,645
76$25,854,058$10,894,062$8,361,557$23,494,516
77$28,443,575$11,380,274$8,594,072$25,670,499
78$31,295,724$11,888,812$8,832,878$28,060,073
79$34,437,246$12,420,722$9,078,137$30,684,688
80$37,897,608$12,977,100$9,330,018$33,567,968
81$41,709,281$13,559,095$9,588,690$36,735,933
82$45,908,048$14,167,910$9,854,331$40,217,240
83$50,533,338$14,804,807$10,127,121$44,043,456
84$55,628,601$15,471,106$10,407,242$48,249,347
85$61,241,719$16,168,190$10,694,885$52,873,210
86$67,425,453$16,897,511$10,990,243$57,957,229
87$74,237,946$17,660,585$11,293,513$63,547,871
88$81,743,269$18,459,007$11,604,898$69,696,324
89$90,012,026$19,294,441$11,924,605$76,458,975
90$99,122,021$20,168,637$12,252,848$83,897,942
91$109,158,991$21,083,425$12,589,843$92,081,654
92$120,217,418$22,040,723$12,935,812$101,085,497
93$132,401,418$23,042,541$13,290,985$110,992,521
94$145,825,722$24,090,985$13,655,593$121,894,223
95$160,616,766$25,188,263$14,029,875$133,891,401
96$176,913,875$26,336,688$14,414,075$147,095,110
97$194,870,588$27,538,683$14,808,444$161,627,701
98$214,656,097$28,796,787$15,213,236$177,623,973
99$236,456,852$30,113,663$15,628,713$195,232,444
100$260,478,318$31,492,100$16,055,142$214,616,744