Can I retire at age 60 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$511,990$507,430$502,980$498,637$494,397$492,106
2 years$253,460$248,740$244,165$239,729$235,427$233,115
3 years$167,295$162,554$157,991$153,597$149,365$147,103
4 years$124,221$119,495$114,977$110,658$106,528$104,334
5 years$98,383$93,685$89,227$84,996$80,981$78,861
6 years$81,164$76,501$72,109$67,972$64,077$62,034
7 years$68,869$64,245$59,923$55,883$52,112$50,146
8 years$59,652$55,070$50,819$46,879$43,232$41,344
9 years$52,487$47,949$43,770$39,931$36,408$34,597
10 years$46,758$42,264$38,160$34,421$31,021$29,287
11 years$42,074$37,625$33,596$29,956$26,679$25,021
12 years$38,174$33,771$29,815$26,276$23,120$21,535
13 years$34,876$30,519$26,638$23,198$20,161$18,649
14 years$32,052$27,741$23,934$20,592$17,673$16,232
15 years$29,606$25,342$21,609$18,365$15,561$14,189
16 years$27,468$23,250$19,592$16,443$13,752$12,449
17 years$25,584$21,413$17,828$14,774$12,194$10,955
18 years$23,911$19,786$16,275$13,315$10,842$9,667
19 years$22,416$18,338$14,899$12,031$9,664$8,550
20 years$21,072$17,040$13,673$10,896$8,632$7,577
21 years$19,857$15,872$12,577$9,889$7,725$6,727
22 years$18,755$14,816$11,591$8,991$6,924$5,981
23 years$17,750$13,857$10,703$8,189$6,215$5,326
24 years$16,830$12,984$9,898$7,469$5,587$4,747
25 years$15,985$12,184$9,168$6,821$5,027$4,236
26 years$15,206$11,451$8,503$6,237$4,528$3,784
27 years$14,486$10,777$7,895$5,708$4,083$3,382
28 years$13,818$10,155$7,340$5,230$3,684$3,026
29 years$13,198$9,580$6,830$4,796$3,326$2,708
30 years$12,621$9,048$6,362$4,402$3,006$2,426
31 years$12,081$8,553$5,931$4,043$2,717$2,174
32 years$11,576$8,093$5,534$3,715$2,458$1,949
33 years$11,103$7,664$5,167$3,416$2,224$1,748
34 years$10,659$7,264$4,828$3,143$2,014$1,568
35 years$10,241$6,890$4,514$2,894$1,824$1,407
36 years$9,847$6,539$4,222$2,665$1,653$1,264
37 years$9,475$6,211$3,952$2,455$1,498$1,135
38 years$9,124$5,902$3,701$2,263$1,358$1,019
39 years$8,791$5,613$3,467$2,087$1,232$916
40 years$8,476$5,340$3,250$1,925$1,117$823
41 years$8,177$5,083$3,047$1,776$1,013$740
42 years$7,894$4,841$2,859$1,639$920$665
43 years$7,624$4,612$2,682$1,513$835$598
44 years$7,366$4,397$2,518$1,397$758$537
45 years$7,122$4,193$2,364$1,290$688$483
46 years$6,888$4,000$2,221$1,192$624$434
47 years$6,665$3,817$2,086$1,101$567$391
48 years$6,452$3,644$1,960$1,017$515$351
49 years$6,248$3,480$1,843$940$468$316
50 years$6,053$3,324$1,732$869$425$284

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,200,000, adding $3,513 every year, while hoping to spend $52,572 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: 64/19/17 Blend
59$6,200,000$6,200,000$6,200,000$6,200,000
60$6,836,024$6,507,424$6,411,324$7,244,452
61$7,477,362$6,770,351$6,570,167$7,781,869
62$8,182,355$7,044,400$6,732,569$8,362,382
63$8,957,439$7,330,060$6,898,595$8,995,284
64$9,809,707$7,627,843$7,068,307$9,685,691
65$10,746,973$7,938,283$7,241,771$10,439,231
66$11,777,846$8,261,940$7,419,052$11,262,101
67$12,911,809$8,599,398$7,600,213$12,161,116
68$14,159,315$8,951,270$7,785,322$13,143,781
69$15,531,877$9,318,194$7,974,442$14,218,357
70$17,042,183$9,700,839$8,167,639$15,393,935
71$18,704,210$10,099,905$8,364,980$16,680,526
72$20,533,361$10,516,122$8,566,528$18,089,150
73$22,546,607$10,950,255$8,772,350$19,631,940
74$24,762,648$11,403,105$8,982,511$21,322,256
75$27,202,088$11,875,507$9,197,075$23,174,809
76$29,887,631$12,368,337$9,416,107$25,205,796
77$32,844,294$12,882,510$9,639,671$27,433,055
78$36,099,642$13,418,983$9,867,830$29,876,230
79$39,684,050$13,978,758$10,100,648$32,556,955
80$43,630,989$14,562,883$10,338,185$35,499,055
81$47,977,339$15,172,454$10,580,504$38,728,772
82$52,763,741$15,808,617$10,827,664$42,275,007
83$58,034,976$16,472,573$11,079,724$46,169,593
84$63,840,391$17,165,576$11,336,742$50,447,596
85$70,234,363$17,888,941$11,598,775$55,147,636
86$77,276,811$18,644,042$11,865,876$60,312,259
87$85,033,762$19,432,317$12,138,100$65,988,329
88$93,577,976$20,255,271$12,415,497$72,227,469
89$102,989,629$21,114,478$12,698,115$79,086,550
90$113,357,072$22,011,589$12,986,003$86,628,220
91$124,777,663$22,948,326$13,279,203$94,921,497
92$137,358,686$23,926,495$13,577,758$104,042,414
93$151,218,365$24,947,987$13,881,707$114,074,734
94$166,486,978$26,014,778$14,191,084$125,110,741
95$183,308,087$27,128,939$14,505,921$137,252,105
96$201,839,890$28,292,636$14,826,249$150,610,838
97$222,256,721$29,508,136$15,152,090$165,310,349
98$244,750,687$30,777,815$15,483,465$181,486,606
99$269,533,486$32,104,158$15,820,390$199,289,414
100$296,838,405$33,489,765$16,162,877$218,883,825