Can I retire at age 60 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$553,280$548,351$543,543$538,850$534,267$526,501
2 years$273,901$268,800$263,856$259,063$254,413$246,605
3 years$180,787$175,664$170,732$165,984$161,410$153,803
4 years$134,239$129,131$124,249$119,582$115,119$107,771
5 years$106,317$101,241$96,423$91,850$87,512$80,445
6 years$87,709$82,671$77,924$73,454$69,245$62,467
7 years$74,423$69,427$64,755$60,390$56,315$49,828
8 years$64,463$59,511$54,917$50,660$46,718$40,523
9 years$56,720$51,815$47,300$43,151$39,344$33,436
10 years$50,529$45,673$41,238$37,197$33,523$27,898
11 years$45,467$40,660$36,305$32,372$28,831$23,483
12 years$41,252$36,494$32,220$28,395$24,984$19,908
13 years$37,689$32,980$28,786$25,068$21,787$16,974
14 years$34,636$29,978$25,864$22,253$19,098$14,542
15 years$31,994$27,385$23,352$19,846$16,815$12,508
16 years$29,684$25,125$21,172$17,770$14,862$10,794
17 years$27,647$23,140$19,266$15,966$13,177$9,342
18 years$25,839$21,382$17,587$14,388$11,717$8,104
19 years$24,224$19,817$16,100$13,001$10,443$7,045
20 years$22,771$18,415$14,776$11,775$9,328$6,134
21 years$21,459$17,152$13,591$10,687$8,348$5,350
22 years$20,267$16,011$12,526$9,717$7,482$4,672
23 years$19,181$14,975$11,566$8,849$6,717$4,084
24 years$18,187$14,031$10,696$8,071$6,037$3,574
25 years$17,274$13,167$9,907$7,371$5,432$3,130
26 years$16,432$12,375$9,188$6,739$4,893$2,743
27 years$15,654$11,646$8,532$6,169$4,412$2,406
28 years$14,933$10,974$7,932$5,652$3,981$2,111
29 years$14,263$10,353$7,381$5,183$3,595$1,854
30 years$13,638$9,777$6,875$4,757$3,248$1,628
31 years$13,055$9,243$6,410$4,369$2,936$1,431
32 years$12,510$8,745$5,980$4,015$2,656$1,257
33 years$11,999$8,282$5,584$3,692$2,404$1,106
34 years$11,519$7,850$5,217$3,397$2,176$972
35 years$11,067$7,445$4,878$3,127$1,971$855
36 years$10,641$7,067$4,563$2,880$1,786$752
37 years$10,239$6,712$4,271$2,654$1,619$662
38 years$9,860$6,378$3,999$2,446$1,468$583
39 years$9,500$6,065$3,747$2,255$1,331$513
40 years$9,160$5,771$3,512$2,080$1,207$451
41 years$8,837$5,493$3,293$1,919$1,095$397
42 years$8,530$5,231$3,089$1,771$994$350
43 years$8,238$4,984$2,899$1,635$902$308
44 years$7,961$4,751$2,721$1,510$819$271
45 years$7,696$4,531$2,555$1,394$743$239
46 years$7,444$4,322$2,400$1,288$675$210
47 years$7,203$4,125$2,254$1,190$613$185
48 years$6,972$3,938$2,119$1,099$556$163
49 years$6,752$3,760$1,991$1,016$505$144
50 years$6,542$3,592$1,872$939$459$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,700,000, adding $5,896 every year, while hoping to spend $30,872 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: 35/50/15 Blend
59$6,700,000$6,700,000$6,700,000$6,700,000
60$7,389,482$7,034,382$6,930,532$7,613,665
61$8,110,361$7,346,219$7,129,857$8,088,707
62$8,903,736$7,672,301$7,334,825$8,597,584
63$9,776,967$8,013,295$7,545,592$9,145,984
64$10,738,168$8,369,895$7,762,319$9,737,426
65$11,796,275$8,742,834$7,985,170$10,375,766
66$12,961,137$9,132,876$8,214,316$11,065,230
67$14,243,608$9,540,821$8,449,930$11,810,451
68$15,655,643$9,967,509$8,692,191$12,616,509
69$17,210,422$10,413,820$8,941,282$13,488,976
70$18,922,461$10,880,673$9,197,391$14,433,964
71$20,807,760$11,369,035$9,460,712$15,458,180
72$22,883,950$11,879,915$9,731,443$16,568,985
73$25,170,455$12,414,373$10,009,789$17,774,459
74$27,688,682$12,973,518$10,295,958$19,083,472
75$30,462,220$13,558,513$10,590,165$20,505,766
76$33,517,062$14,170,575$10,892,631$22,052,039
77$36,881,849$14,810,981$11,203,581$23,734,043
78$40,588,146$15,481,067$11,523,249$25,564,689
79$44,670,732$16,182,235$11,851,873$27,558,164
80$49,167,934$16,915,951$12,189,698$29,730,058
81$54,121,984$17,683,754$12,536,974$32,097,507
82$59,579,424$18,487,256$12,893,961$34,679,345
83$65,591,539$19,328,144$13,260,921$37,496,281
84$72,214,842$20,208,189$13,638,128$40,571,083
85$79,511,610$21,129,245$14,025,860$43,928,786
86$87,550,470$22,093,254$14,424,402$47,596,923
87$96,407,048$23,102,253$14,834,049$51,605,777
88$106,164,679$24,158,376$15,255,102$55,988,657
89$116,915,198$25,263,858$15,687,870$60,782,203
90$128,759,804$26,421,042$16,132,669$66,026,727
91$141,810,016$27,632,386$16,589,826$71,766,580
92$156,188,727$28,900,462$17,059,674$78,050,564
93$172,031,359$30,227,967$17,542,556$84,932,379
94$189,487,149$31,617,729$18,038,823$92,471,123
95$208,720,550$33,072,709$18,548,835$100,731,835
96$229,912,788$34,596,014$19,072,963$109,786,101
97$253,263,571$36,190,896$19,611,585$119,712,714
98$278,992,973$37,860,768$20,165,091$130,598,406
99$307,343,514$39,609,204$20,733,880$142,538,653
100$338,582,449$41,439,951$21,318,361$155,638,565