Can I retire at age 60 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$545,022$540,167$535,431$530,807$526,293$507,822
2 years$269,813$264,788$259,918$255,196$250,616$232,200
3 years$178,088$173,042$168,184$163,506$159,001$141,220
4 years$132,235$127,204$122,395$117,797$113,401$96,390
5 years$104,731$99,729$94,983$90,480$86,206$70,010
6 years$86,400$81,437$76,761$72,357$68,211$52,843
7 years$73,312$68,390$63,789$59,489$55,474$40,930
8 years$63,500$58,623$54,098$49,904$46,021$32,289
9 years$55,873$51,042$46,594$42,507$38,757$25,819
10 years$49,775$44,991$40,622$36,641$33,022$20,858
11 years$44,789$40,053$35,763$31,889$28,400$16,985
12 years$40,637$35,949$31,739$27,971$24,611$13,917
13 years$37,126$32,488$28,356$24,694$21,461$11,460
14 years$34,119$29,530$25,478$21,921$18,813$9,474
15 years$31,516$26,977$23,004$19,549$16,564$7,858
16 years$29,240$24,750$20,856$17,504$14,640$6,535
17 years$27,235$22,794$18,978$15,728$12,981$5,446
18 years$25,454$21,063$17,325$14,174$11,542$4,547
19 years$23,862$19,521$15,860$12,807$10,287$3,802
20 years$22,431$18,140$14,555$11,599$9,189$3,183
21 years$21,139$16,896$13,388$10,527$8,223$2,668
22 years$19,965$15,772$12,339$9,572$7,371$2,237
23 years$18,895$14,751$11,393$8,717$6,616$1,878
24 years$17,915$13,821$10,537$7,950$5,947$1,577
25 years$17,016$12,970$9,759$7,261$5,351$1,325
26 years$16,187$12,190$9,051$6,639$4,820$1,114
27 years$15,420$11,472$8,405$6,077$4,346$937
28 years$14,710$10,810$7,813$5,568$3,921$788
29 years$14,050$10,198$7,271$5,106$3,541$663
30 years$13,435$9,631$6,773$4,686$3,199$558
31 years$12,861$9,105$6,314$4,303$2,893$470
32 years$12,323$8,615$5,891$3,955$2,617$395
33 years$11,820$8,158$5,500$3,637$2,368$333
34 years$11,347$7,732$5,139$3,346$2,144$280
35 years$10,902$7,334$4,805$3,080$1,942$236
36 years$10,482$6,961$4,495$2,837$1,759$199
37 years$10,087$6,611$4,207$2,614$1,595$167
38 years$9,713$6,283$3,940$2,409$1,446$141
39 years$9,359$5,975$3,691$2,221$1,311$119
40 years$9,023$5,684$3,460$2,049$1,189$100
41 years$8,705$5,411$3,244$1,890$1,079$84
42 years$8,403$5,153$3,043$1,745$979$71
43 years$8,115$4,910$2,856$1,611$888$60
44 years$7,842$4,680$2,680$1,487$806$50
45 years$7,581$4,463$2,517$1,373$732$42
46 years$7,332$4,258$2,364$1,269$665$36
47 years$7,095$4,063$2,221$1,172$604$30
48 years$6,868$3,879$2,087$1,083$548$25
49 years$6,651$3,704$1,962$1,001$498$21
50 years$6,444$3,538$1,844$925$452$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,600,000, adding $3,018 every year, while hoping to spend $39,340 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: 41/35/24 Blend
59$6,600,000$6,600,000$6,600,000$6,600,000
60$7,276,313$6,926,513$6,824,213$7,523,122
61$7,976,640$7,224,055$7,010,967$7,998,122
62$8,747,081$7,534,857$7,202,658$8,507,970
63$9,594,747$7,859,529$7,399,411$9,059,059
64$10,527,472$8,198,708$7,601,353$9,655,196
65$11,553,889$8,553,058$7,808,612$10,300,557
66$12,683,507$8,923,279$8,021,322$10,999,728
67$13,926,806$9,310,102$8,239,618$11,757,747
68$15,295,334$9,714,290$8,463,639$12,580,145
69$16,801,813$10,136,646$8,693,526$13,473,002
70$18,460,263$10,578,007$8,929,424$14,442,994
71$20,286,133$11,039,252$9,171,483$15,497,461
72$22,296,443$11,521,300$9,419,852$16,644,469
73$24,509,950$12,025,113$9,674,687$17,892,885
74$26,947,322$12,551,701$9,936,146$19,252,455
75$29,631,332$13,102,118$10,204,390$20,733,898
76$32,587,077$13,677,470$10,479,586$22,348,999
77$35,842,207$14,278,915$10,761,900$24,110,718
78$39,427,195$14,907,665$11,051,507$26,033,313
79$43,375,619$15,564,990$11,348,582$28,132,462
80$47,724,477$16,252,219$11,653,304$30,425,417
81$52,514,541$16,970,746$11,965,858$32,931,156
82$57,790,741$17,722,029$12,286,431$35,670,562
83$63,602,584$18,507,596$12,615,214$38,666,610
84$70,004,627$19,329,047$12,952,402$41,944,588
85$77,056,987$20,188,058$13,298,196$45,532,322
86$84,825,912$21,086,386$13,652,798$49,460,440
87$93,384,405$22,025,868$14,016,417$53,762,653
88$102,812,910$23,008,432$14,389,263$58,476,068
89$113,200,077$24,036,096$14,771,554$63,641,532
90$124,643,594$25,110,973$15,163,509$69,304,014
91$137,251,107$26,235,278$15,565,354$75,513,020
92$151,141,244$27,411,330$15,977,317$82,323,057
93$166,444,727$28,641,561$16,399,633$89,794,137
94$183,305,607$29,928,516$16,832,539$97,992,342
95$201,882,628$31,274,862$17,276,278$106,990,434
96$222,350,721$32,683,395$17,731,098$116,868,538
97$244,902,655$34,157,042$18,197,250$127,714,888
98$269,750,859$35,698,870$18,674,991$139,626,655
99$297,129,426$37,312,095$19,164,583$152,710,851
100$327,296,323$39,000,082$19,666,292$167,085,334