Can I retire at age 60 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$520,248$515,614$511,093$506,680$502,371$483,777
2 years$257,549$252,752$248,103$243,596$239,224$220,701
3 years$169,994$165,176$160,539$156,074$151,774$133,904
4 years$126,225$121,422$116,831$112,443$108,246$91,166
5 years$99,970$95,196$90,666$86,367$82,287$66,041
6 years$82,473$77,735$73,272$69,068$65,111$49,711
7 years$69,980$65,282$60,889$56,785$52,953$38,394
8 years$60,614$55,958$51,639$47,635$43,929$30,199
9 years$53,333$48,722$44,476$40,575$36,995$24,074
10 years$47,512$42,946$38,776$34,976$31,521$19,387
11 years$42,753$38,232$34,137$30,439$27,110$15,735
12 years$38,789$34,315$30,296$26,700$23,493$12,850
13 years$35,438$31,011$27,068$23,572$20,486$10,545
14 years$32,569$28,188$24,320$20,924$17,958$8,688
15 years$30,084$25,750$21,958$18,661$15,812$7,180
16 years$27,911$23,625$19,908$16,709$13,974$5,950
17 years$25,997$21,758$18,116$15,013$12,391$4,940
18 years$24,297$20,106$16,537$13,529$11,017$4,109
19 years$22,777$18,634$15,139$12,225$9,820$3,423
20 years$21,412$17,315$13,894$11,072$8,771$2,855
21 years$20,178$16,128$12,780$10,049$7,849$2,383
22 years$19,057$15,055$11,778$9,136$7,036$1,991
23 years$18,036$14,081$10,875$8,321$6,316$1,665
24 years$17,101$13,193$10,058$7,589$5,677$1,392
25 years$16,242$12,381$9,316$6,931$5,108$1,165
26 years$15,451$11,636$8,640$6,337$4,601$976
27 years$14,719$10,951$8,023$5,801$4,148$817
28 years$14,041$10,319$7,458$5,315$3,743$685
29 years$13,411$9,735$6,940$4,874$3,380$574
30 years$12,824$9,193$6,465$4,473$3,054$481
31 years$12,276$8,691$6,027$4,108$2,761$403
32 years$11,763$8,223$5,623$3,775$2,498$338
33 years$11,282$7,788$5,250$3,472$2,260$283
34 years$10,831$7,381$4,906$3,194$2,047$237
35 years$10,406$7,001$4,586$2,940$1,854$199
36 years$10,006$6,645$4,291$2,708$1,679$167
37 years$9,628$6,311$4,016$2,495$1,522$140
38 years$9,271$5,998$3,761$2,300$1,380$117
39 years$8,933$5,703$3,523$2,121$1,251$99
40 years$8,613$5,426$3,302$1,956$1,135$83
41 years$8,309$5,165$3,097$1,805$1,030$69
42 years$8,021$4,919$2,905$1,665$934$58
43 years$7,746$4,687$2,726$1,537$848$49
44 years$7,485$4,468$2,559$1,419$770$41
45 years$7,236$4,260$2,402$1,311$699$34
46 years$6,999$4,064$2,256$1,211$634$29
47 years$6,773$3,878$2,120$1,119$576$24
48 years$6,556$3,702$1,992$1,034$523$20
49 years$6,349$3,536$1,872$955$475$17
50 years$6,151$3,377$1,760$883$432$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,300,000, adding $5,865 every year, while hoping to spend $27,616 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: 27/49/24 Blend
59$6,300,000$6,300,000$6,300,000$6,300,000
60$6,948,650$6,614,750$6,517,100$7,083,690
61$7,628,029$6,909,489$6,706,039$7,486,307
62$8,375,779$7,217,745$6,900,383$7,915,500
63$9,198,845$7,540,151$7,100,282$8,375,755
64$10,104,879$7,877,371$7,305,893$8,869,728
65$11,102,312$8,230,098$7,517,377$9,400,327
66$12,200,436$8,599,060$7,734,897$9,970,729
67$13,409,488$8,985,022$7,958,623$10,584,416
68$14,740,748$9,388,780$8,188,729$11,245,197
69$16,206,647$9,811,173$8,425,394$11,957,245
70$17,820,881$10,253,076$8,668,801$12,725,133
71$19,598,543$10,715,410$8,919,138$13,553,869
72$21,556,265$11,199,135$9,176,600$14,448,945
73$23,712,373$11,705,261$9,441,385$15,416,382
74$26,087,060$12,234,845$9,713,697$16,462,782
75$28,702,581$12,788,993$9,993,746$17,595,388
76$31,583,456$13,368,865$10,281,748$18,822,145
77$34,756,706$13,975,677$10,577,925$20,151,772
78$38,252,108$14,610,703$10,882,503$21,593,842
79$42,102,472$15,275,277$11,195,716$23,158,860
80$46,343,956$15,970,797$11,517,804$24,858,363
81$51,016,403$16,698,729$11,849,014$26,705,020
82$56,163,719$17,460,610$12,189,598$28,712,747
83$61,834,285$18,258,046$12,539,817$30,896,832
84$68,081,418$19,092,727$12,899,937$33,274,071
85$74,963,869$19,966,417$13,270,231$35,862,922
86$82,546,383$20,880,970$13,650,983$38,683,670
87$90,900,303$21,838,327$14,042,480$41,758,613
88$100,104,249$22,840,521$14,445,018$45,112,262
89$110,244,860$23,889,684$14,858,904$48,771,567
90$121,417,608$24,988,050$15,284,449$52,766,161
91$133,727,700$26,137,961$15,721,975$57,128,631
92$147,291,075$27,341,871$16,171,811$61,894,817
93$162,235,494$28,602,351$16,634,295$67,104,138
94$178,701,746$29,922,098$17,109,776$72,799,957
95$196,844,981$31,303,937$17,598,610$79,029,978
96$216,836,168$32,750,830$18,101,163$85,846,684
97$238,863,716$34,265,879$18,617,810$93,307,824
98$263,135,247$35,852,339$19,148,939$101,476,941
99$289,879,559$37,513,620$19,694,945$110,423,964
100$319,348,782$39,253,296$20,256,234$120,225,848