Can I retire at age 60 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$462,443$458,324$454,305$450,382$446,552$444,483
2 years$228,932$224,668$220,536$216,530$212,644$210,556
3 years$151,105$146,823$142,702$138,733$134,910$132,867
4 years$112,200$107,931$103,850$99,949$96,219$94,237
5 years$88,862$84,619$80,592$76,771$73,144$71,229
6 years$73,309$69,098$65,130$61,394$57,876$56,031
7 years$62,204$58,028$54,124$50,475$47,069$45,293
8 years$53,879$49,741$45,901$42,343$39,048$37,343
9 years$47,408$43,308$39,535$36,066$32,884$31,249
10 years$42,233$38,174$34,467$31,090$28,019$26,453
11 years$38,003$33,984$30,344$27,057$24,097$22,599
12 years$34,480$30,502$26,930$23,733$20,882$19,451
13 years$31,501$27,565$24,060$20,953$18,210$16,844
14 years$28,950$25,056$21,618$18,599$15,963$14,661
15 years$26,741$22,889$19,518$16,587$14,055$12,816
16 years$24,810$21,000$17,696$14,852$12,422$11,244
17 years$23,108$19,341$16,103$13,345$11,014$9,895
18 years$21,597$17,872$14,700$12,026$9,793$8,732
19 years$20,247$16,563$13,457$10,867$8,729$7,723
20 years$19,033$15,391$12,350$9,842$7,797$6,844
21 years$17,936$14,336$11,360$8,932$6,977$6,076
22 years$16,940$13,383$10,470$8,121$6,254$5,403
23 years$16,032$12,516$9,667$7,396$5,614$4,810
24 years$15,201$11,727$8,940$6,746$5,046$4,288
25 years$14,438$11,005$8,280$6,161$4,541$3,826
26 years$13,734$10,343$7,680$5,633$4,090$3,417
27 years$13,084$9,734$7,131$5,156$3,687$3,055
28 years$12,481$9,172$6,629$4,724$3,327$2,733
29 years$11,921$8,653$6,169$4,332$3,004$2,446
30 years$11,399$8,172$5,746$3,976$2,715$2,191
31 years$10,912$7,725$5,357$3,651$2,454$1,963
32 years$10,456$7,310$4,998$3,356$2,220$1,760
33 years$10,029$6,922$4,667$3,086$2,009$1,579
34 years$9,627$6,561$4,361$2,839$1,819$1,416
35 years$9,250$6,223$4,077$2,614$1,648$1,271
36 years$8,894$5,906$3,814$2,407$1,493$1,141
37 years$8,558$5,610$3,570$2,218$1,353$1,025
38 years$8,241$5,331$3,343$2,044$1,227$921
39 years$7,941$5,069$3,132$1,885$1,112$827
40 years$7,656$4,823$2,936$1,739$1,009$743
41 years$7,386$4,591$2,753$1,604$915$668
42 years$7,130$4,372$2,582$1,480$831$600
43 years$6,886$4,166$2,423$1,367$754$540
44 years$6,654$3,971$2,274$1,262$684$485
45 years$6,432$3,787$2,135$1,165$621$436
46 years$6,221$3,613$2,006$1,076$564$392
47 years$6,020$3,447$1,884$994$512$353
48 years$5,828$3,291$1,771$919$465$317
49 years$5,644$3,143$1,664$849$422$286
50 years$5,468$3,002$1,565$785$384$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,600,000, adding $3,480 every year, while hoping to spend $54,231 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: 53/29/18 Blend
59$5,600,000$5,600,000$5,600,000$5,600,000
60$6,174,790$5,877,990$5,791,190$6,471,659
61$6,746,917$6,108,310$5,927,493$6,905,792
62$7,375,583$6,348,098$6,066,545$7,371,920
63$8,066,499$6,597,761$6,208,381$7,877,931
64$8,825,954$6,857,724$6,353,034$8,427,635
65$9,660,879$7,128,429$6,500,538$9,025,221
66$10,578,909$7,410,342$6,650,926$9,675,296
67$11,588,455$7,703,946$6,804,229$10,382,925
68$12,698,785$8,009,748$6,960,479$11,153,682
69$13,920,111$8,328,275$7,119,704$11,993,698
70$15,263,682$8,660,081$7,281,935$12,909,715
71$16,741,895$9,005,742$7,447,197$13,909,156
72$18,368,408$9,365,863$7,615,517$15,000,186
73$20,158,267$9,741,072$7,786,919$16,191,790
74$22,128,056$10,132,030$7,961,426$17,493,858
75$24,296,043$10,539,425$8,139,059$18,917,273
76$26,682,358$10,963,976$8,319,837$20,474,015
77$29,309,184$11,406,436$8,503,776$22,177,273
78$32,200,960$11,867,590$8,690,893$24,041,563
79$35,384,618$12,348,263$8,881,198$26,082,867
80$38,889,833$12,849,311$9,074,701$28,318,780
81$42,749,303$13,371,634$9,271,411$30,768,675
82$46,999,060$13,916,172$9,471,331$33,453,884
83$51,678,805$14,483,906$9,674,462$36,397,894
84$56,832,288$15,075,862$9,880,801$39,626,569
85$62,507,718$15,693,116$10,090,344$43,168,392
86$68,758,215$16,336,788$10,303,080$47,054,728
87$75,642,316$17,008,054$10,518,997$51,320,122
88$83,224,525$17,708,141$10,738,076$56,002,618
89$91,575,919$18,438,333$10,960,294$61,144,117
90$100,774,825$19,199,973$11,185,626$66,790,768
91$110,907,550$19,994,465$11,414,038$72,993,404
92$122,069,205$20,823,279$11,645,493$79,808,014
93$134,364,596$21,687,951$11,879,948$87,296,270
94$147,909,212$22,590,088$12,117,354$95,526,107
95$162,830,321$23,531,372$12,357,655$104,572,357
96$179,268,166$24,513,562$12,600,789$114,517,455
97$197,377,290$25,538,497$12,846,686$125,452,209
98$217,327,993$26,608,102$13,095,269$137,476,658
99$239,307,941$27,724,393$13,346,454$150,701,006
100$263,523,938$28,889,475$13,600,147$165,246,664