Can I retire at age 60 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$495,474$491,061$486,755$482,552$478,448$464,623
2 years$245,284$240,716$236,289$231,996$227,833$214,013
3 years$161,899$157,311$152,895$148,642$144,546$131,166
4 years$120,214$115,640$111,268$107,088$103,092$90,254
5 years$95,210$90,663$86,349$82,254$78,369$66,108
6 years$78,545$74,033$69,782$65,779$62,010$50,338
7 years$66,647$62,173$57,990$54,081$50,431$39,347
8 years$57,728$53,294$49,180$45,367$41,837$31,335
9 years$50,794$46,402$42,359$38,643$35,233$25,302
10 years$45,250$40,901$36,929$33,310$30,020$20,647
11 years$40,717$36,412$32,512$28,990$25,819$16,987
12 years$36,942$32,681$28,853$25,428$22,374$14,067
13 years$33,751$29,534$25,779$22,449$19,510$11,710
14 years$31,018$26,846$23,162$19,928$17,103$9,790
15 years$28,651$24,524$20,912$17,772$15,059$8,212
16 years$26,582$22,500$18,960$15,913$13,309$6,909
17 years$24,759$20,722$17,253$14,298$11,801$5,826
18 years$23,140$19,148$15,750$12,885$10,492$4,922
19 years$21,693$17,746$14,418$11,643$9,352$4,166
20 years$20,392$16,491$13,232$10,545$8,354$3,531
21 years$19,217$15,360$12,171$9,570$7,475$2,996
22 years$18,150$14,338$11,218$8,701$6,701$2,544
23 years$17,177$13,410$10,357$7,925$6,015$2,162
24 years$16,287$12,565$9,579$7,228$5,406$1,839
25 years$15,469$11,791$8,872$6,601$4,865$1,565
26 years$14,715$11,082$8,228$6,035$4,382$1,333
27 years$14,018$10,429$7,641$5,524$3,951$1,136
28 years$13,373$9,828$7,103$5,061$3,565$968
29 years$12,773$9,271$6,610$4,641$3,219$825
30 years$12,213$8,756$6,157$4,260$2,909$703
31 years$11,691$8,277$5,740$3,912$2,630$600
32 years$11,203$7,832$5,355$3,595$2,379$512
33 years$10,745$7,417$5,000$3,306$2,153$437
34 years$10,315$7,029$4,672$3,042$1,949$373
35 years$9,911$6,667$4,368$2,800$1,765$318
36 years$9,529$6,328$4,086$2,579$1,599$271
37 years$9,170$6,010$3,825$2,376$1,450$232
38 years$8,830$5,712$3,582$2,190$1,314$198
39 years$8,508$5,432$3,356$2,020$1,192$169
40 years$8,203$5,168$3,145$1,863$1,081$144
41 years$7,914$4,919$2,949$1,719$981$123
42 years$7,639$4,685$2,766$1,586$890$105
43 years$7,378$4,464$2,596$1,464$808$90
44 years$7,129$4,255$2,437$1,352$733$77
45 years$6,892$4,057$2,288$1,248$666$65
46 years$6,666$3,871$2,149$1,153$604$56
47 years$6,450$3,694$2,019$1,065$549$48
48 years$6,244$3,526$1,897$985$498$41
49 years$6,047$3,367$1,783$910$453$35
50 years$5,858$3,217$1,677$841$411$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,000,000, adding $3,310 every year, while hoping to spend $46,519 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: 41/47/12 Blend
59$6,000,000$6,000,000$6,000,000$6,000,000
60$6,615,414$6,297,414$6,204,414$6,863,027
61$7,240,691$6,556,492$6,362,766$7,296,555
62$7,928,186$6,826,705$6,524,864$7,760,613
63$8,684,198$7,108,550$6,690,784$8,261,841
64$9,515,664$7,402,547$6,860,603$8,803,638
65$10,430,228$7,709,239$7,034,400$9,389,737
66$11,436,314$8,029,193$7,212,254$10,024,232
67$12,543,199$8,363,004$7,394,246$10,711,620
68$13,761,108$8,711,295$7,580,456$11,456,837
69$15,101,307$9,074,714$7,770,967$12,265,303
70$16,576,208$9,453,943$7,965,862$13,142,972
71$18,199,488$9,849,693$8,165,225$14,096,386
72$19,986,216$10,262,708$8,369,141$15,132,731
73$21,952,998$10,693,768$8,577,695$16,259,903
74$24,118,129$11,143,689$8,790,973$17,486,584
75$26,501,770$11,613,322$9,009,062$18,822,312
76$29,126,136$12,103,560$9,232,051$20,277,576
77$32,015,704$12,615,337$9,460,028$21,863,907
78$35,197,448$13,149,630$9,693,080$23,593,984
79$38,701,088$13,707,462$9,931,299$25,481,752
80$42,559,374$14,289,903$10,174,773$27,542,548
81$46,808,395$14,898,073$10,423,593$29,793,239
82$51,487,917$15,533,145$10,677,849$32,252,382
83$56,641,760$16,196,344$10,937,632$34,940,393
84$62,318,211$16,888,956$11,203,033$37,879,732
85$68,570,477$17,612,323$11,474,144$41,095,116
86$75,457,193$18,367,854$11,751,055$44,613,739
87$83,042,968$19,157,021$12,033,857$48,465,533
88$91,399,000$19,981,364$12,322,640$52,683,437
89$100,603,746$20,842,498$12,617,496$57,303,707
90$110,743,660$21,742,113$12,918,514$62,366,248
91$121,914,012$22,681,976$13,225,784$67,914,988
92$134,219,788$23,663,939$13,539,394$73,998,287
93$147,776,674$24,689,940$13,859,432$80,669,381
94$162,712,157$25,762,009$14,185,985$87,986,882
95$179,166,721$26,882,271$14,519,139$96,015,322
96$197,295,174$28,052,950$14,858,978$104,825,755
97$217,268,114$29,276,376$15,205,585$114,496,418
98$239,273,531$30,554,988$15,559,042$125,113,464
99$263,518,589$31,891,341$15,919,428$136,771,761
100$290,231,576$33,288,108$16,286,820$149,575,784