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

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 $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%12%
1 years$834,049$826,619$819,371$812,296$805,388$798,640
2 years$412,895$405,206$397,753$390,527$383,518$376,717
3 years$272,529$264,806$257,372$250,214$243,320$236,676
4 years$202,360$194,661$187,301$180,265$173,538$167,103
5 years$160,269$152,616$145,353$138,461$131,921$125,714
6 years$132,218$124,623$117,467$110,728$104,384$98,413
7 years$112,190$104,658$97,616$91,036$84,892$79,159
8 years$97,175$89,711$82,786$76,368$70,426$64,932
9 years$85,503$78,110$71,303$65,048$59,309$54,051
10 years$76,171$68,850$62,164$56,072$50,534$45,510
11 years$68,540$61,293$54,728$48,800$43,461$38,666
12 years$62,186$55,013$48,570$42,804$37,663$33,093
13 years$56,814$49,716$43,394$37,789$32,843$28,493
14 years$52,213$45,190$38,990$33,545$28,790$24,655
15 years$48,229$41,282$35,202$29,917$25,349$21,423
16 years$44,747$37,876$31,916$26,787$22,403$18,680
17 years$41,677$34,882$29,042$24,068$19,864$16,338
18 years$38,952$32,233$26,512$21,690$17,662$14,325
19 years$36,516$29,873$24,270$19,599$15,743$12,589
20 years$34,327$27,759$22,274$17,750$14,062$11,084
21 years$32,348$25,857$20,488$16,110$12,584$9,775
22 years$30,552$24,136$18,883$14,647$11,280$8,634
23 years$28,915$22,574$17,435$13,340$10,125$7,635
24 years$27,416$21,151$16,124$12,167$9,101$6,759
25 years$26,039$19,849$14,934$11,111$8,189$5,990
26 years$24,771$18,655$13,851$10,159$7,377$5,312
27 years$23,598$17,556$12,862$9,299$6,651$4,715
28 years$22,511$16,543$11,957$8,520$6,001$4,188
29 years$21,500$15,607$11,127$7,813$5,419$3,722
30 years$20,559$14,739$10,364$7,170$4,896$3,309
31 years$19,680$13,933$9,662$6,586$4,427$2,944
32 years$18,858$13,183$9,015$6,052$4,004$2,620
33 years$18,088$12,485$8,417$5,566$3,624$2,332
34 years$17,364$11,833$7,865$5,121$3,281$2,077
35 years$16,683$11,223$7,353$4,714$2,972$1,850
36 years$16,041$10,653$6,878$4,341$2,692$1,649
37 years$15,436$10,117$6,438$4,000$2,440$1,469
38 years$14,863$9,615$6,029$3,687$2,212$1,310
39 years$14,322$9,143$5,649$3,400$2,006$1,168
40 years$13,808$8,699$5,294$3,136$1,820$1,041
41 years$13,321$8,281$4,964$2,893$1,651$928
42 years$12,859$7,886$4,657$2,670$1,498$828
43 years$12,419$7,514$4,370$2,465$1,360$739
44 years$12,000$7,162$4,102$2,276$1,234$659
45 years$11,601$6,830$3,851$2,102$1,120$588
46 years$11,221$6,515$3,617$1,941$1,017$525
47 years$10,858$6,218$3,398$1,794$924$468
48 years$10,511$5,936$3,194$1,657$839$418
49 years$10,179$5,668$3,002$1,532$762$373
50 years$9,861$5,415$2,822$1,416$692$333

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 $4,447 every year, while hoping to spend $37,190 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: 45/38/17 Blend
59$10,100,000$10,100,000$10,100,000$10,100,000
60$11,134,787$10,599,487$10,442,937$11,581,358
61$12,230,965$11,079,292$10,753,206$12,373,826
62$13,437,708$11,581,361$11,072,622$13,228,592
63$14,766,252$12,106,746$11,401,452$14,154,710
64$16,228,981$12,656,548$11,739,973$15,158,809
65$17,839,541$13,231,923$12,088,466$16,248,166
66$19,612,967$13,834,080$12,447,222$17,430,770
67$21,565,827$14,464,287$12,816,541$18,715,396
68$23,716,377$15,123,872$13,196,731$20,111,681
69$26,084,734$15,814,229$13,588,109$21,630,211
70$28,693,067$16,536,816$13,991,000$23,282,619
71$31,565,802$17,293,162$14,405,740$25,081,686
72$34,729,855$18,084,869$14,832,675$27,041,461
73$38,214,890$18,913,617$15,272,158$29,177,383
74$42,053,589$19,781,164$15,724,556$31,506,426
75$46,281,970$20,689,356$16,190,244$34,047,254
76$50,939,722$21,640,126$16,669,608$36,820,386
77$56,070,580$22,635,498$17,163,046$39,848,388
78$61,722,738$23,677,596$17,670,967$43,156,077
79$67,949,304$24,768,646$18,193,791$46,770,751
80$74,808,802$25,910,978$18,731,952$50,722,438
81$82,365,721$27,107,038$19,285,894$55,044,170
82$90,691,129$28,359,387$19,856,075$59,772,292
83$99,863,337$29,670,710$20,442,967$64,946,791
84$109,968,645$31,043,822$21,047,054$70,611,672
85$121,102,151$32,481,673$21,668,834$76,815,355
86$133,368,650$33,987,355$22,308,820$83,611,134
87$146,883,625$35,564,108$22,967,538$91,057,659
88$161,774,337$37,215,331$23,645,533$99,219,490
89$178,181,021$38,944,584$24,343,360$108,167,686
90$196,258,216$40,755,600$25,061,594$117,980,473
91$216,176,222$42,652,292$25,800,825$128,743,966
92$238,122,704$44,638,761$26,561,659$140,552,969
93$262,304,466$46,719,308$27,344,722$153,511,862
94$288,949,406$48,898,438$28,150,654$167,735,567
95$318,308,661$51,180,877$28,980,117$183,350,623
96$350,658,982$53,571,578$29,833,789$200,496,366
97$386,305,346$56,075,732$30,712,368$219,326,225
98$425,583,831$58,698,784$31,616,572$240,009,158
99$468,864,796$61,446,437$32,547,141$262,731,230
100$516,556,368$64,324,676$33,504,833$287,697,350