Can I retire at age 60 with 10,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$834,049$826,619$819,371$812,296$805,388$774,657
2 years$412,895$405,206$397,753$390,527$383,518$352,919
3 years$272,529$264,806$257,372$250,214$243,320$213,815
4 years$202,360$194,661$187,301$180,265$173,538$145,352
5 years$160,269$152,616$145,353$138,461$131,921$105,127
6 years$132,218$124,623$117,467$110,728$104,384$79,001
7 years$112,190$104,658$97,616$91,036$84,892$60,911
8 years$97,175$89,711$82,786$76,368$70,426$47,825
9 years$85,503$78,110$71,303$65,048$59,309$38,055
10 years$76,171$68,850$62,164$56,072$50,534$30,588
11 years$68,540$61,293$54,728$48,800$43,461$24,778
12 years$62,186$55,013$48,570$42,804$37,663$20,194
13 years$56,814$49,716$43,394$37,789$32,843$16,538
14 years$52,213$45,190$38,990$33,545$28,790$13,596
15 years$48,229$41,282$35,202$29,917$25,349$11,213
16 years$44,747$37,876$31,916$26,787$22,403$9,271
17 years$41,677$34,882$29,042$24,068$19,864$7,681
18 years$38,952$32,233$26,512$21,690$17,662$6,375
19 years$36,516$29,873$24,270$19,599$15,743$5,298
20 years$34,327$27,759$22,274$17,750$14,062$4,408
21 years$32,348$25,857$20,488$16,110$12,584$3,672
22 years$30,552$24,136$18,883$14,647$11,280$3,060
23 years$28,915$22,574$17,435$13,340$10,125$2,552
24 years$27,416$21,151$16,124$12,167$9,101$2,130
25 years$26,039$19,849$14,934$11,111$8,189$1,778
26 years$24,771$18,655$13,851$10,159$7,377$1,485
27 years$23,598$17,556$12,862$9,299$6,651$1,241
28 years$22,511$16,543$11,957$8,520$6,001$1,037
29 years$21,500$15,607$11,127$7,813$5,419$867
30 years$20,559$14,739$10,364$7,170$4,896$725
31 years$19,680$13,933$9,662$6,586$4,427$606
32 years$18,858$13,183$9,015$6,052$4,004$507
33 years$18,088$12,485$8,417$5,566$3,624$424
34 years$17,364$11,833$7,865$5,121$3,281$355
35 years$16,683$11,223$7,353$4,714$2,972$297
36 years$16,041$10,653$6,878$4,341$2,692$248
37 years$15,436$10,117$6,438$4,000$2,440$208
38 years$14,863$9,615$6,029$3,687$2,212$174
39 years$14,322$9,143$5,649$3,400$2,006$145
40 years$13,808$8,699$5,294$3,136$1,820$122
41 years$13,321$8,281$4,964$2,893$1,651$102
42 years$12,859$7,886$4,657$2,670$1,498$85
43 years$12,419$7,514$4,370$2,465$1,360$71
44 years$12,000$7,162$4,102$2,276$1,234$60
45 years$11,601$6,830$3,851$2,102$1,120$50
46 years$11,221$6,515$3,617$1,941$1,017$42
47 years$10,858$6,218$3,398$1,794$924$35
48 years$10,511$5,936$3,194$1,657$839$29
49 years$10,179$5,668$3,002$1,532$762$24
50 years$9,861$5,415$2,822$1,416$692$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,100,000, adding $6,102 every year, while hoping to spend $24,778 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: 71/21/8 Blend
59$10,100,000$10,100,000$10,100,000$10,100,000
60$11,136,494$10,601,194$10,444,644$11,911,779
61$12,246,053$11,094,289$10,768,176$12,918,082
62$13,467,956$11,610,715$11,101,716$14,015,535
63$14,813,637$12,151,590$11,445,573$15,216,075
64$16,295,694$12,718,083$11,800,065$16,529,844
65$17,928,009$13,311,424$12,165,522$17,968,000
66$19,725,880$13,932,898$12,542,281$19,542,826
67$21,706,164$14,583,854$12,930,692$21,267,836
68$23,887,437$15,265,707$13,331,114$23,157,905
69$26,290,168$15,979,939$13,743,919$25,229,406
70$28,936,913$16,728,104$14,169,488$27,500,363
71$31,852,529$17,511,831$14,608,216$29,990,614
72$35,064,404$18,332,829$15,060,509$32,721,999
73$38,602,723$19,192,887$15,526,786$35,718,565
74$42,500,746$20,093,883$16,007,478$39,006,782
75$46,795,124$21,037,785$16,503,030$42,615,800
76$51,526,246$22,026,657$17,013,902$46,577,712
77$56,738,621$23,062,660$17,540,565$50,927,857
78$62,481,294$24,148,064$18,083,507$55,705,149
79$68,808,312$25,285,246$18,643,231$60,952,443
80$75,779,235$26,476,698$19,220,255$66,716,930
81$83,459,695$27,725,035$19,815,111$73,050,582
82$91,922,018$29,032,995$20,428,352$80,010,638
83$101,245,905$30,403,453$21,060,543$87,660,138
84$111,519,186$31,839,421$21,712,269$96,068,512
85$122,838,646$33,344,056$22,384,133$105,312,235
86$135,310,944$34,920,670$23,076,757$115,475,537
87$149,053,612$36,572,734$23,790,781$126,651,199
88$164,196,172$38,303,890$24,526,864$138,941,415
89$180,881,355$40,117,955$25,285,687$152,458,760
90$199,266,448$42,018,929$26,067,952$167,327,236
91$219,524,779$44,011,009$26,874,382$183,683,445
92$241,847,354$46,098,596$27,705,721$201,677,863
93$266,444,659$48,286,303$28,562,738$221,476,260
94$293,548,649$50,578,966$29,446,224$243,261,253
95$323,414,935$52,981,660$30,356,997$267,234,022
96$356,325,199$55,499,701$31,295,896$293,616,201
97$392,589,850$58,138,668$32,263,790$322,651,963
98$432,550,960$60,904,407$33,261,572$354,610,313
99$476,585,487$63,803,052$34,290,163$389,787,617
100$525,108,836$66,841,032$35,350,514$428,510,393