Can I retire at age 60 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$561,538$556,536$551,656$546,893$542,242$523,419
2 years$277,989$272,812$267,794$262,929$258,210$239,441
3 years$183,485$178,285$173,280$168,461$163,819$145,694
4 years$136,242$131,059$126,104$121,367$116,837$99,494
5 years$107,904$102,752$97,862$93,221$88,818$72,302
6 years$89,018$83,904$79,087$74,550$70,279$54,603
7 years$75,534$70,463$65,722$61,292$57,155$42,318
8 years$65,425$60,400$55,737$51,416$47,416$33,404
9 years$57,566$52,589$48,006$43,795$39,931$26,727
10 years$51,283$46,354$41,853$37,752$34,023$21,605
11 years$46,146$41,267$36,847$32,855$29,261$17,604
12 years$41,868$37,039$32,701$28,819$25,357$14,434
13 years$38,251$33,472$29,216$25,442$22,112$11,894
14 years$35,153$30,425$26,250$22,585$19,383$9,840
15 years$32,471$27,794$23,701$20,142$17,066$8,167
16 years$30,127$25,500$21,488$18,035$15,083$6,797
17 years$28,060$23,485$19,553$16,204$13,374$5,669
18 years$26,225$21,701$17,850$14,603$11,891$4,737
19 years$24,585$20,112$16,341$13,195$10,599$3,964
20 years$23,111$18,689$14,997$11,951$9,467$3,321
21 years$21,779$17,408$13,794$10,846$8,472$2,785
22 years$20,570$16,250$12,713$9,862$7,594$2,338
23 years$19,467$15,198$11,738$8,981$6,817$1,964
24 years$18,458$14,240$10,856$8,191$6,127$1,651
25 years$17,531$13,364$10,055$7,481$5,514$1,388
26 years$16,677$12,560$9,325$6,840$4,966$1,168
27 years$15,888$11,820$8,659$6,261$4,478$983
28 years$15,156$11,138$8,050$5,736$4,040$827
29 years$14,476$10,507$7,491$5,260$3,648$697
30 years$13,842$9,923$6,978$4,828$3,296$587
31 years$13,250$9,381$6,505$4,434$2,980$494
32 years$12,697$8,876$6,070$4,075$2,696$416
33 years$12,178$8,406$5,667$3,747$2,440$351
34 years$11,690$7,967$5,295$3,448$2,209$296
35 years$11,232$7,556$4,950$3,174$2,001$249
36 years$10,800$7,172$4,631$2,923$1,813$210
37 years$10,392$6,812$4,335$2,693$1,643$177
38 years$10,007$6,474$4,059$2,482$1,489$149
39 years$9,642$6,156$3,803$2,289$1,351$126
40 years$9,297$5,857$3,565$2,111$1,225$106
41 years$8,969$5,575$3,342$1,948$1,111$89
42 years$8,657$5,309$3,135$1,798$1,009$75
43 years$8,361$5,059$2,942$1,659$915$64
44 years$8,079$4,822$2,762$1,532$831$54
45 years$7,811$4,598$2,593$1,415$754$45
46 years$7,555$4,387$2,435$1,307$685$38
47 years$7,310$4,186$2,288$1,208$622$32
48 years$7,076$3,996$2,150$1,116$565$27
49 years$6,853$3,816$2,021$1,031$513$23
50 years$6,639$3,645$1,900$953$466$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $6,800,000, adding $2,422 every year, while hoping to spend $46,543 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: 67/21/12 Blend
59$6,800,000$6,800,000$6,800,000$6,800,000
60$7,496,098$7,135,698$7,030,298$7,978,283
61$8,211,179$7,435,826$7,216,292$8,599,737
62$8,997,638$7,749,100$7,406,956$9,273,198
63$9,862,707$8,076,116$7,602,399$10,008,323
64$10,814,352$8,417,495$7,802,729$10,811,146
65$11,861,354$8,773,890$8,008,059$11,688,306
66$13,013,384$9,145,983$8,218,500$12,647,109
67$14,281,100$9,534,486$8,434,170$13,695,595
68$15,676,243$9,940,148$8,655,187$14,842,614
69$17,211,753$10,363,748$8,881,668$16,097,906
70$18,901,886$10,806,106$9,113,738$17,472,192
71$20,762,350$11,268,077$9,351,520$18,977,275
72$22,810,455$11,750,557$9,595,141$20,626,148
73$25,065,272$12,254,485$9,844,729$22,433,115
74$27,547,817$12,780,842$10,100,414$24,413,925
75$30,281,247$13,330,656$10,362,331$26,585,921
76$33,291,078$13,905,003$10,630,614$28,968,194
77$36,605,429$14,505,009$10,905,400$31,581,771
78$40,255,281$15,131,852$11,186,829$34,449,805
79$44,274,776$15,786,769$11,475,044$37,597,793
80$48,701,532$16,471,050$11,770,187$41,053,814
81$53,577,006$17,186,049$12,072,406$44,848,792
82$58,946,877$17,933,182$12,381,848$49,016,785
83$64,861,484$18,713,933$12,698,665$53,595,306
84$71,376,294$19,529,854$13,023,009$58,625,671
85$78,552,431$20,382,572$13,355,035$64,153,386
86$86,457,250$21,273,790$13,694,900$70,228,578
87$95,164,974$22,205,290$14,042,763$76,906,461
88$104,757,392$23,178,939$14,398,787$84,247,855
89$115,324,633$24,196,694$14,763,132$92,319,756
90$126,966,014$25,260,601$15,135,967$101,195,968
91$139,790,982$26,372,805$15,517,456$110,957,792
92$153,920,142$27,535,552$15,907,770$121,694,791
93$169,486,396$28,751,194$16,307,080$133,505,632
94$186,636,199$30,022,193$16,715,558$146,499,014
95$205,530,942$31,351,131$17,133,379$160,794,686
96$226,348,470$32,740,708$17,560,720$176,524,579
97$249,284,767$34,193,757$17,997,758$193,834,040
98$274,555,803$35,713,240$18,444,672$212,883,204
99$302,399,570$37,302,264$18,901,643$233,848,496
100$333,078,332$38,964,080$19,368,854$256,924,297