Can I retire at age 60 with 10,200,000?

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 $10,200,000?

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$842,306$834,804$827,484$820,339$813,362$801,538
2 years$416,983$409,217$401,691$394,394$387,315$375,428
3 years$275,228$267,428$259,921$252,692$245,729$234,147
4 years$204,364$196,588$189,156$182,050$175,256$164,069
5 years$161,856$154,127$146,793$139,832$133,227$122,468
6 years$133,527$125,857$118,630$111,825$105,418$95,099
7 years$113,300$105,694$98,582$91,937$85,733$75,858
8 years$98,137$90,599$83,606$77,124$71,124$61,691
9 years$86,349$78,883$72,009$65,692$59,896$50,902
10 years$76,925$69,532$62,779$56,628$51,035$42,471
11 years$69,219$61,900$55,270$49,283$43,892$35,750
12 years$62,802$55,558$49,051$43,228$38,036$30,307
13 years$57,377$50,208$43,824$38,164$33,168$25,842
14 years$52,730$45,638$39,376$33,877$29,075$22,139
15 years$48,707$41,691$35,551$30,213$25,600$19,042
16 years$45,190$38,251$32,232$27,052$22,625$16,433
17 years$42,090$35,227$29,330$24,306$20,061$14,222
18 years$39,337$32,552$26,775$21,905$17,837$12,337
19 years$36,878$30,169$24,511$19,793$15,899$10,725
20 years$34,667$28,034$22,495$17,926$14,201$9,339
21 years$32,669$26,113$20,691$16,269$12,708$8,144
22 years$30,855$24,375$19,070$14,792$11,391$7,112
23 years$29,201$22,798$17,608$13,472$10,225$6,218
24 years$27,688$21,360$16,284$12,287$9,191$5,441
25 years$26,297$20,045$15,082$11,221$8,270$4,765
26 years$25,016$18,839$13,988$10,260$7,450$4,177
27 years$23,831$17,730$12,989$9,391$6,716$3,663
28 years$22,734$16,707$12,075$8,604$6,060$3,214
29 years$21,713$15,761$11,237$7,890$5,472$2,822
30 years$20,763$14,885$10,467$7,241$4,945$2,479
31 years$19,875$14,071$9,758$6,651$4,470$2,178
32 years$19,045$13,314$9,104$6,112$4,044$1,914
33 years$18,267$12,609$8,501$5,621$3,660$1,683
34 years$17,536$11,950$7,943$5,172$3,313$1,480
35 years$16,848$11,334$7,426$4,761$3,001$1,302
36 years$16,200$10,758$6,947$4,384$2,719$1,145
37 years$15,588$10,218$6,502$4,040$2,464$1,008
38 years$15,010$9,710$6,089$3,723$2,234$887
39 years$14,463$9,234$5,704$3,433$2,026$781
40 years$13,945$8,785$5,347$3,167$1,838$687
41 years$13,453$8,363$5,014$2,922$1,667$605
42 years$12,986$7,964$4,703$2,696$1,513$533
43 years$12,542$7,588$4,413$2,489$1,373$469
44 years$12,119$7,233$4,142$2,298$1,246$413
45 years$11,716$6,898$3,890$2,122$1,131$364
46 years$11,332$6,580$3,653$1,961$1,027$320
47 years$10,965$6,279$3,432$1,811$933$282
48 years$10,615$5,994$3,225$1,674$847$249
49 years$10,279$5,724$3,032$1,547$769$219
50 years$9,959$5,468$2,850$1,430$699$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,200,000, adding $4,418 every year, while hoping to spend $54,084 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: 38/50/12 Blend
59$10,200,000$10,200,000$10,200,000$10,200,000
60$11,244,957$10,704,357$10,546,257$11,631,014
61$12,334,398$11,171,326$10,842,012$12,373,011
62$13,533,149$11,659,363$11,145,862$13,168,781
63$14,852,303$12,169,444$11,458,021$14,027,567
64$16,304,081$12,702,591$11,778,708$14,955,051
65$17,901,952$13,259,873$12,108,149$15,957,460
66$19,660,754$13,842,409$12,446,575$17,041,626
67$21,596,836$14,451,373$12,794,221$18,215,039
68$23,728,216$15,087,992$13,151,330$19,485,918
69$26,074,744$15,753,554$13,518,149$20,863,282
70$28,658,295$16,449,405$13,894,934$22,357,029
71$31,502,972$17,176,957$14,281,945$23,978,025
72$34,635,334$17,937,687$14,679,450$25,738,200
73$38,084,648$18,733,143$15,087,720$27,650,657
74$41,883,161$19,564,946$15,507,038$29,729,784
75$46,066,410$20,434,795$15,937,691$31,991,389
76$50,673,552$21,344,468$16,379,972$34,452,839
77$55,747,736$22,295,829$16,834,183$37,133,219
78$61,336,510$23,290,829$17,300,632$40,053,501
79$67,492,267$24,331,513$17,779,637$43,236,737
80$74,272,744$25,420,023$18,271,520$46,708,270
81$81,741,562$26,558,602$18,776,614$50,495,958
82$89,968,829$27,749,601$19,295,258$54,630,436
83$99,031,800$28,995,482$19,827,800$59,145,391
84$109,015,608$30,298,825$20,374,596$64,077,868
85$120,014,066$31,662,333$20,936,010$69,468,618
86$132,130,550$33,088,837$21,512,416$75,362,460
87$145,478,979$34,581,303$22,104,195$81,808,705
88$160,184,889$36,142,841$22,711,740$88,861,599
89$176,386,613$37,776,706$23,335,449$96,580,829
90$194,236,594$39,486,310$23,975,732$105,032,073
91$213,902,817$41,275,230$24,633,010$114,287,604
92$235,570,398$43,147,210$25,307,710$124,426,960
93$259,443,332$45,106,177$26,000,271$135,537,678
94$285,746,415$47,156,242$26,711,143$147,716,108
95$314,727,368$49,301,717$27,440,785$161,068,303
96$346,659,175$51,547,116$28,189,667$175,711,004
97$381,842,659$53,897,173$28,958,269$191,772,728
98$420,609,322$56,356,847$29,747,083$209,394,956
99$463,324,474$58,931,334$30,556,611$228,733,454
100$510,390,682$61,626,080$31,387,369$249,959,720