Can I retire at age 60 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$528,506$523,798$519,205$514,722$510,345$491,261
2 years$261,637$256,764$252,041$247,463$243,021$224,013
3 years$172,692$167,798$163,088$158,552$154,183$135,848
4 years$128,228$123,349$118,686$114,228$109,964$92,443
5 years$101,557$96,707$92,105$87,738$83,593$66,931
6 years$83,782$78,969$74,435$70,165$66,144$50,353
7 years$71,090$66,318$61,856$57,686$53,793$38,867
8 years$61,576$56,847$52,458$48,392$44,627$30,553
9 years$54,180$49,495$45,182$41,219$37,582$24,342
10 years$48,267$43,628$39,391$35,531$32,022$19,590
11 years$43,432$38,839$34,679$30,923$27,540$15,890
12 years$39,405$34,860$30,777$27,123$23,865$12,968
13 years$36,001$31,503$27,497$23,946$20,811$10,634
14 years$33,086$28,636$24,706$21,256$18,243$8,755
15 years$30,561$26,159$22,306$18,957$16,062$7,231
16 years$28,354$24,000$20,224$16,974$14,196$5,987
17 years$26,409$22,104$18,403$15,251$12,587$4,968
18 years$24,682$20,425$16,800$13,744$11,192$4,129
19 years$23,139$18,929$15,379$12,419$9,976$3,437
20 years$21,752$17,590$14,114$11,248$8,910$2,864
21 years$20,498$16,384$12,982$10,208$7,974$2,389
22 years$19,360$15,294$11,965$9,282$7,147$1,994
23 years$18,322$14,304$11,048$8,453$6,416$1,666
24 years$17,373$13,402$10,217$7,709$5,767$1,393
25 years$16,500$12,577$9,463$7,041$5,189$1,165
26 years$15,696$11,821$8,777$6,438$4,674$974
27 years$14,953$11,125$8,150$5,893$4,214$815
28 years$14,264$10,483$7,577$5,399$3,803$682
29 years$13,624$9,889$7,051$4,951$3,434$571
30 years$13,028$9,339$6,567$4,544$3,103$478
31 years$12,471$8,829$6,123$4,173$2,805$401
32 years$11,950$8,354$5,712$3,835$2,537$336
33 years$11,461$7,911$5,334$3,527$2,296$281
34 years$11,003$7,498$4,984$3,245$2,079$236
35 years$10,571$7,112$4,659$2,987$1,883$197
36 years$10,165$6,750$4,359$2,751$1,706$165
37 years$9,781$6,411$4,080$2,535$1,546$139
38 years$9,418$6,093$3,820$2,336$1,402$116
39 years$9,075$5,794$3,579$2,154$1,271$97
40 years$8,750$5,512$3,355$1,987$1,153$82
41 years$8,441$5,247$3,146$1,833$1,046$68
42 years$8,148$4,997$2,951$1,692$949$57
43 years$7,869$4,761$2,769$1,562$861$48
44 years$7,604$4,538$2,599$1,442$782$40
45 years$7,351$4,328$2,441$1,332$710$34
46 years$7,110$4,129$2,292$1,230$645$28
47 years$6,880$3,940$2,153$1,137$585$24
48 years$6,660$3,761$2,024$1,050$532$20
49 years$6,450$3,592$1,902$971$483$17
50 years$6,249$3,431$1,788$897$438$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,400,000, adding $4,815 every year, while hoping to spend $48,375 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: 69/20/11 Blend
59$6,400,000$6,400,000$6,400,000$6,400,000
60$7,057,767$6,718,567$6,619,367$7,528,246
61$7,726,188$6,996,306$6,789,645$8,118,861
62$8,461,167$7,286,033$6,964,006$8,758,468
63$9,269,442$7,588,284$7,142,536$9,456,912
64$10,158,436$7,903,621$7,325,321$10,219,968
65$11,136,328$8,232,629$7,512,451$11,053,986
66$12,212,129$8,575,924$7,704,014$11,965,959
67$13,395,768$8,934,146$7,900,100$12,963,580
68$14,698,186$9,307,969$8,100,803$14,055,322
69$16,131,436$9,698,095$8,306,215$15,250,506
70$17,708,800$10,105,258$8,516,431$16,559,397
71$19,444,911$10,530,230$8,731,545$17,993,295
72$21,355,895$10,973,814$8,951,654$19,564,642
73$23,459,519$11,436,853$9,176,857$21,287,134
74$25,775,360$11,920,229$9,407,252$23,175,856
75$28,324,990$12,424,864$9,642,939$25,247,413
76$31,132,180$12,951,723$9,884,018$27,520,096
77$34,223,121$13,501,817$10,130,592$30,014,044
78$37,626,675$14,076,202$10,382,762$32,751,436
79$41,374,645$14,675,985$10,640,634$35,756,698
80$45,502,075$15,302,323$10,904,311$39,056,733
81$50,047,579$15,956,430$11,173,898$42,681,168
82$55,053,710$16,639,573$11,449,502$46,662,639
83$60,567,357$17,353,081$11,731,229$51,037,088
84$66,640,188$18,098,343$12,019,186$55,844,109
85$73,329,140$18,876,813$12,313,480$61,127,311
86$80,696,951$19,690,016$12,614,221$66,934,733
87$88,812,758$20,539,546$12,921,516$73,319,292
88$97,752,747$21,427,070$13,235,474$80,339,280
89$107,600,868$22,354,338$13,556,203$88,058,912
90$118,449,635$23,323,179$13,883,814$96,548,928
91$130,400,990$24,335,507$14,218,414$105,887,259
92$143,567,272$25,393,328$14,560,112$116,159,758
93$158,072,274$26,498,741$14,909,017$127,461,009
94$174,052,413$27,653,946$15,265,235$139,895,212
95$191,658,014$28,861,245$15,628,875$153,577,169
96$211,054,732$30,123,046$16,000,044$168,633,358
97$232,425,115$31,441,876$16,378,845$185,203,127
98$255,970,325$32,820,376$16,765,385$203,440,002
99$281,912,039$34,261,315$17,159,766$223,513,135
100$310,494,539$35,767,592$17,562,090$245,608,894