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%14.5%
1 years$842,306$834,804$827,484$820,339$813,362$798,246
2 years$416,983$409,217$401,691$394,394$387,315$372,143
3 years$275,228$267,428$259,921$252,692$245,729$230,972
4 years$204,364$196,588$189,156$182,050$175,256$161,029
5 years$161,856$154,127$146,793$139,832$133,227$119,571
6 years$133,527$125,857$118,630$111,825$105,418$92,347
7 years$113,300$105,694$98,582$91,937$85,733$73,252
8 years$98,137$90,599$83,606$77,124$71,124$59,228
9 years$86,349$78,883$72,009$65,692$59,896$48,580
10 years$76,925$69,532$62,779$56,628$51,035$40,286
11 years$69,219$61,900$55,270$49,283$43,892$33,699
12 years$62,802$55,558$49,051$43,228$38,036$28,385
13 years$57,377$50,208$43,824$38,164$33,168$24,044
14 years$52,730$45,638$39,376$33,877$29,075$20,461
15 years$48,707$41,691$35,551$30,213$25,600$17,478
16 years$45,190$38,251$32,232$27,052$22,625$14,978
17 years$42,090$35,227$29,330$24,306$20,061$12,871
18 years$39,337$32,552$26,775$21,905$17,837$11,085
19 years$36,878$30,169$24,511$19,793$15,899$9,565
20 years$34,667$28,034$22,495$17,926$14,201$8,267
21 years$32,669$26,113$20,691$16,269$12,708$7,156
22 years$30,855$24,375$19,070$14,792$11,391$6,201
23 years$29,201$22,798$17,608$13,472$10,225$5,379
24 years$27,688$21,360$16,284$12,287$9,191$4,670
25 years$26,297$20,045$15,082$11,221$8,270$4,058
26 years$25,016$18,839$13,988$10,260$7,450$3,529
27 years$23,831$17,730$12,989$9,391$6,716$3,070
28 years$22,734$16,707$12,075$8,604$6,060$2,672
29 years$21,713$15,761$11,237$7,890$5,472$2,327
30 years$20,763$14,885$10,467$7,241$4,945$2,027
31 years$19,875$14,071$9,758$6,651$4,470$1,766
32 years$19,045$13,314$9,104$6,112$4,044$1,540
33 years$18,267$12,609$8,501$5,621$3,660$1,343
34 years$17,536$11,950$7,943$5,172$3,313$1,171
35 years$16,848$11,334$7,426$4,761$3,001$1,021
36 years$16,200$10,758$6,947$4,384$2,719$891
37 years$15,588$10,218$6,502$4,040$2,464$777
38 years$15,010$9,710$6,089$3,723$2,234$678
39 years$14,463$9,234$5,704$3,433$2,026$592
40 years$13,945$8,785$5,347$3,167$1,838$517
41 years$13,453$8,363$5,014$2,922$1,667$451
42 years$12,986$7,964$4,703$2,696$1,513$394
43 years$12,542$7,588$4,413$2,489$1,373$344
44 years$12,119$7,233$4,142$2,298$1,246$300
45 years$11,716$6,898$3,890$2,122$1,131$262
46 years$11,332$6,580$3,653$1,961$1,027$229
47 years$10,965$6,279$3,432$1,811$933$200
48 years$10,615$5,994$3,225$1,674$847$174
49 years$10,279$5,724$3,032$1,547$769$152
50 years$9,959$5,468$2,850$1,430$699$133

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 $2,972 every year, while hoping to spend $23,952 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: 40/38/22 Blend
59$10,200,000$10,200,000$10,200,000$10,200,000
60$11,243,466$10,702,866$10,544,766$11,619,855
61$12,364,814$11,201,821$10,872,531$12,389,470
62$13,599,738$11,724,423$11,210,473$13,219,035
63$14,959,796$12,271,804$11,558,908$14,116,024
64$16,457,725$12,845,153$11,918,162$15,086,601
65$18,107,562$13,445,715$12,288,569$16,137,523
66$19,924,774$14,074,795$12,670,477$17,276,209
67$21,926,404$14,733,763$13,064,241$18,510,798
68$24,131,233$15,424,054$13,470,229$19,850,225
69$26,559,958$16,147,171$13,888,820$21,304,297
70$29,235,383$16,904,692$14,320,406$22,883,786
71$32,182,641$17,698,270$14,765,388$24,600,520
72$35,429,424$18,529,640$15,224,182$26,467,492
73$39,006,250$19,400,617$15,697,217$28,498,975
74$42,946,748$20,313,107$16,184,934$30,710,653
75$47,287,975$21,269,108$16,687,788$33,119,761
76$52,070,768$22,270,714$17,206,248$35,745,241
77$57,340,127$23,320,120$17,740,799$38,607,915
78$63,145,642$24,419,628$18,291,938$41,730,673
79$69,541,960$25,571,652$18,860,180$45,138,682
80$76,589,300$26,778,723$19,446,056$48,859,616
81$84,354,021$28,043,492$20,050,111$52,923,908
82$92,909,251$29,368,743$20,672,909$57,365,030
83$102,335,574$30,757,392$21,315,032$62,219,799
84$112,721,794$32,212,495$21,977,077$67,528,714
85$124,165,771$33,737,261$22,659,663$73,336,329
86$136,775,343$35,335,051$23,363,425$79,691,667
87$150,669,348$37,009,389$24,089,020$86,648,664
88$165,978,745$38,763,971$24,837,125$94,266,674
89$182,847,844$40,602,673$25,608,436$102,611,014
90$201,435,679$42,529,559$26,403,674$111,753,568
91$221,917,500$44,548,889$27,223,578$121,773,453
92$244,486,431$46,665,131$28,068,914$132,757,754
93$269,355,293$48,882,968$28,940,469$144,802,329
94$296,758,614$51,207,314$29,839,055$158,012,699
95$326,954,839$53,643,319$30,765,510$172,505,033
96$360,228,775$56,196,384$31,720,697$188,407,221
97$396,894,275$58,872,173$32,705,506$205,860,072
98$437,297,205$61,676,623$33,720,854$225,018,616
99$481,818,705$64,615,962$34,767,687$246,053,560
100$530,878,788$67,696,720$35,846,981$269,152,870