Can I retire at age 60 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$454,185$450,139$446,192$442,340$438,578$422,513
2 years$224,844$220,656$216,598$212,663$208,847$192,840
3 years$148,407$144,201$140,153$136,255$132,501$117,056
4 years$110,196$106,003$101,996$98,164$94,501$79,736
5 years$87,275$83,108$79,153$75,400$71,838$57,792
6 years$72,000$67,864$63,967$60,298$56,843$43,525
7 years$61,093$56,992$53,157$49,574$46,229$33,636
8 years$52,917$48,853$45,081$41,586$38,351$26,472
9 years$46,561$42,535$38,829$35,422$32,297$21,116
10 years$41,479$37,493$33,852$30,534$27,519$17,016
11 years$37,324$33,377$29,802$26,574$23,667$13,819
12 years$33,864$29,958$26,449$23,309$20,509$11,293
13 years$30,938$27,073$23,630$20,578$17,885$9,274
14 years$28,433$24,609$21,232$18,267$15,677$7,646
15 years$26,263$22,480$19,170$16,291$13,804$6,324
16 years$24,367$20,625$17,380$14,587$12,200$5,244
17 years$22,696$18,995$15,815$13,106$10,817$4,357
18 years$21,211$17,552$14,437$11,811$9,618$3,627
19 years$19,885$16,267$13,217$10,673$8,573$3,024
20 years$18,693$15,116$12,130$9,666$7,657$2,524
21 years$17,615$14,080$11,157$8,773$6,853$2,108
22 years$16,637$13,144$10,283$7,976$6,142$1,763
23 years$15,746$12,293$9,494$7,264$5,514$1,475
24 years$14,930$11,518$8,781$6,625$4,956$1,235
25 years$14,180$10,809$8,133$6,051$4,459$1,034
26 years$13,489$10,158$7,543$5,532$4,017$867
27 years$12,850$9,560$7,004$5,064$3,622$726
28 years$12,258$9,009$6,511$4,640$3,268$609
29 years$11,708$8,499$6,059$4,255$2,951$511
30 years$11,196$8,026$5,644$3,905$2,666$428
31 years$10,717$7,587$5,262$3,586$2,411$359
32 years$10,269$7,179$4,909$3,296$2,180$302
33 years$9,850$6,799$4,584$3,031$1,973$253
34 years$9,456$6,444$4,283$2,789$1,787$212
35 years$9,085$6,112$4,004$2,567$1,618$178
36 years$8,735$5,801$3,746$2,364$1,466$150
37 years$8,405$5,510$3,506$2,178$1,329$126
38 years$8,094$5,236$3,283$2,008$1,205$105
39 years$7,799$4,979$3,076$1,851$1,092$88
40 years$7,519$4,737$2,883$1,708$991$74
41 years$7,254$4,509$2,703$1,575$899$62
42 years$7,002$4,294$2,536$1,454$816$52
43 years$6,763$4,092$2,380$1,342$740$44
44 years$6,535$3,900$2,234$1,239$672$37
45 years$6,318$3,719$2,097$1,144$610$31
46 years$6,110$3,548$1,970$1,057$554$26
47 years$5,913$3,386$1,851$977$503$22
48 years$5,724$3,232$1,739$902$457$18
49 years$5,543$3,087$1,635$834$415$15
50 years$5,370$2,949$1,537$771$377$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,500,000, adding $3,008 every year, while hoping to spend $47,155 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: 54/40/6 Blend
59$5,500,000$5,500,000$5,500,000$5,500,000
60$6,064,103$5,772,603$5,687,353$6,383,245
61$6,632,469$6,005,288$5,827,707$6,831,892
62$7,257,227$6,247,794$5,971,182$7,314,447
63$7,944,081$6,500,553$6,117,833$7,838,457
64$8,699,313$6,764,015$6,267,716$8,407,852
65$9,529,844$7,038,652$6,420,885$9,026,953
66$10,443,299$7,324,958$6,577,396$9,700,508
67$11,448,082$7,623,447$6,737,305$10,433,738
68$12,553,448$7,934,658$6,900,667$11,232,379
69$13,769,599$8,259,155$7,067,538$12,102,743
70$15,107,771$8,597,526$7,237,973$13,051,768
71$16,580,347$8,950,389$7,412,029$14,087,083
72$18,200,972$9,318,387$7,589,761$15,217,082
73$19,984,676$9,702,194$7,771,224$16,450,998
74$21,948,026$10,102,514$7,956,473$17,798,986
75$24,109,272$10,520,084$8,145,562$19,272,219
76$26,488,526$10,955,676$8,338,546$20,882,994
77$29,107,947$11,410,096$8,535,478$22,644,838
78$31,991,952$11,884,186$8,736,412$24,572,639
79$35,167,449$12,378,828$8,941,400$26,682,783
80$38,664,085$12,894,946$9,150,492$28,993,301
81$42,514,528$13,433,505$9,363,740$31,524,044
82$46,754,778$13,995,515$9,581,193$34,296,861
83$51,424,501$14,582,032$9,802,900$37,335,803
84$56,567,410$15,194,161$10,028,907$40,667,349
85$62,231,671$15,833,060$10,259,260$44,320,651
86$68,470,359$16,499,937$10,494,002$48,327,803
87$75,341,961$17,196,060$10,733,177$52,724,143
88$82,910,927$17,922,753$10,976,825$57,548,584
89$91,248,277$18,681,403$11,224,983$62,843,972
90$100,432,269$19,473,460$11,477,689$68,657,488
91$110,549,144$20,300,443$11,734,975$75,041,093
92$121,693,933$21,163,941$11,996,873$82,052,005
93$133,971,357$22,065,617$12,263,411$89,753,243
94$147,496,815$23,007,211$12,534,614$98,214,209
95$162,397,471$23,990,545$12,810,505$107,511,344
96$178,813,457$25,017,526$13,091,101$117,728,838
97$196,899,195$26,090,150$13,376,417$128,959,423
98$216,824,850$27,210,505$13,666,465$141,305,239
99$238,777,944$28,380,779$13,961,251$154,878,794
100$262,965,117$29,603,260$14,260,776$169,804,018