Can I retire at age 60 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$470,701$466,508$462,417$458,425$454,526$447,549
2 years$233,020$228,680$224,474$220,396$216,441$209,429
3 years$153,804$149,445$145,250$141,210$137,319$130,490
4 years$114,203$109,858$105,705$101,734$97,937$91,343
5 years$90,449$86,130$82,031$78,141$74,450$68,111
6 years$74,618$70,332$66,293$62,490$58,910$52,832
7 years$63,315$59,064$55,090$51,377$47,910$42,096
8 years$54,841$50,629$46,721$43,099$39,746$34,195
9 years$48,254$44,082$40,241$36,711$33,472$28,181
10 years$42,987$38,856$35,083$31,645$28,519$23,485
11 years$38,681$34,591$30,886$27,540$24,528$19,744
12 years$35,095$31,047$27,411$24,157$21,255$16,716
13 years$32,063$28,058$24,490$21,327$18,535$14,234
14 years$29,467$25,504$22,004$18,931$16,248$12,179
15 years$27,218$23,298$19,867$16,884$14,306$10,461
16 years$25,253$21,375$18,012$15,117$12,643$9,015
17 years$23,521$19,686$16,390$13,583$11,210$7,791
18 years$21,983$18,191$14,962$12,241$9,968$6,749
19 years$20,608$16,859$13,697$11,061$8,885$5,858
20 years$19,372$15,666$12,571$10,018$7,936$5,093
21 years$18,256$14,592$11,563$9,092$7,102$4,435
22 years$17,242$13,621$10,657$8,266$6,366$3,867
23 years$16,318$12,740$9,840$7,528$5,714$3,376
24 years$15,472$11,936$9,100$6,866$5,136$2,949
25 years$14,695$11,202$8,428$6,271$4,622$2,579
26 years$13,979$10,528$7,817$5,734$4,163$2,257
27 years$13,318$9,908$7,259$5,248$3,753$1,976
28 years$12,704$9,336$6,748$4,808$3,387$1,731
29 years$12,134$8,808$6,279$4,409$3,058$1,517
30 years$11,603$8,318$5,849$4,047$2,763$1,331
31 years$11,107$7,863$5,453$3,717$2,498$1,167
32 years$10,643$7,440$5,088$3,416$2,260$1,024
33 years$10,208$7,046$4,750$3,141$2,045$899
34 years$9,799$6,678$4,438$2,890$1,852$789
35 years$9,415$6,334$4,150$2,660$1,677$693
36 years$9,053$6,012$3,882$2,450$1,520$609
37 years$8,711$5,710$3,633$2,257$1,377$535
38 years$8,388$5,426$3,403$2,081$1,249$470
39 years$8,082$5,160$3,188$1,919$1,132$413
40 years$7,793$4,909$2,988$1,770$1,027$363
41 years$7,518$4,673$2,802$1,633$932$319
42 years$7,257$4,451$2,628$1,507$845$280
43 years$7,009$4,241$2,466$1,391$767$246
44 years$6,772$4,042$2,315$1,284$696$217
45 years$6,547$3,855$2,174$1,186$632$190
46 years$6,333$3,677$2,042$1,096$574$167
47 years$6,128$3,509$1,918$1,012$521$147
48 years$5,932$3,350$1,802$935$473$129
49 years$5,744$3,199$1,694$864$430$114
50 years$5,565$3,056$1,593$799$391$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,700,000, adding $6,064 every year, while hoping to spend $24,483 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: 75/18/7 Blend
59$5,700,000$5,700,000$5,700,000$5,700,000
60$6,287,655$5,985,555$5,897,205$6,753,024
61$6,902,946$6,252,797$6,068,712$7,327,263
62$7,580,176$6,532,314$6,245,143$7,952,608
63$8,325,638$6,824,681$6,426,639$8,637,141
64$9,146,263$7,130,501$6,613,341$9,386,716
65$10,049,691$7,450,405$6,805,398$10,207,777
66$11,044,341$7,785,055$7,002,960$11,107,417
67$12,139,486$8,135,145$7,206,181$12,093,445
68$13,345,347$8,501,402$7,415,222$13,174,456
69$14,673,187$8,884,585$7,630,247$14,359,914
70$16,135,415$9,285,493$7,851,423$15,660,238
71$17,745,706$9,704,960$8,078,924$17,086,900
72$19,519,127$10,143,862$8,312,927$18,652,534
73$21,472,283$10,603,116$8,553,615$20,371,047
74$23,623,471$11,083,684$8,801,176$22,257,758
75$25,992,851$11,586,571$9,055,802$24,329,535
76$28,602,642$12,112,832$9,317,691$26,604,953
77$31,477,324$12,663,574$9,587,046$29,104,470
78$34,643,877$13,239,955$9,864,078$31,850,618
79$38,132,027$13,843,187$10,148,999$34,868,211
80$41,974,535$14,474,545$10,442,032$38,184,582
81$46,207,499$15,135,359$10,743,402$41,829,834
82$50,870,700$15,827,028$11,053,342$45,837,127
83$56,007,974$16,551,014$11,372,091$50,242,985
84$61,667,626$17,308,853$11,699,895$55,087,640
85$67,902,888$18,102,151$12,037,005$60,415,409
86$74,772,419$18,932,593$12,383,682$66,275,113
87$82,340,861$19,801,945$12,740,190$72,720,529
88$90,679,446$20,712,057$13,106,804$79,810,900
89$99,866,671$21,664,870$13,483,803$87,611,492
90$109,989,037$22,662,414$13,871,477$96,194,202
91$121,141,868$23,706,821$14,270,120$105,638,238
92$133,430,207$24,800,324$14,680,037$116,030,863
93$146,969,810$25,945,262$15,101,541$127,468,214
94$161,888,239$27,144,088$15,534,951$140,056,207
95$178,326,064$28,399,373$15,980,596$153,911,533
96$196,438,192$29,713,812$16,438,816$169,162,756
97$216,395,328$31,090,229$16,909,956$185,951,521
98$238,385,585$32,531,584$17,394,373$204,433,890
99$262,616,263$34,040,980$17,892,434$224,781,808
100$289,315,804$35,621,670$18,404,512$247,184,725