Can I retire at age 60 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$850,564$842,988$835,596$828,381$821,336$814,795
2 years$421,071$413,229$405,629$398,260$391,113$384,519
3 years$277,926$270,050$262,469$255,169$248,138$241,696
4 years$206,367$198,515$191,010$183,835$176,974$170,733
5 years$163,443$155,638$148,232$141,203$134,533$128,512
6 years$134,836$127,090$119,793$112,921$106,451$100,658
7 years$114,411$106,730$99,549$92,839$86,573$81,010
8 years$99,099$91,488$84,425$77,880$71,821$66,487
9 years$87,196$79,656$72,715$66,337$60,484$55,378
10 years$77,679$70,213$63,395$57,183$51,535$46,655
11 years$69,898$62,507$55,812$49,766$44,322$39,664
12 years$63,418$56,103$49,532$43,652$38,408$33,968
13 years$57,939$50,700$44,253$38,538$33,493$29,266
14 years$53,247$46,085$39,762$34,210$29,360$25,340
15 years$49,184$42,100$35,900$30,509$25,851$22,033
16 years$45,633$38,626$32,548$27,317$22,847$19,225
17 years$42,503$35,573$29,618$24,544$20,258$16,826
18 years$39,723$32,871$27,037$22,120$18,012$14,764
19 years$37,239$30,464$24,751$19,987$16,055$12,984
20 years$35,006$28,309$22,715$18,102$14,340$11,440
21 years$32,989$26,369$20,894$16,429$12,833$10,097
22 years$31,157$24,614$19,257$14,937$11,503$8,924
23 years$29,487$23,021$17,780$13,604$10,326$7,898
24 years$27,959$21,569$16,444$12,407$9,281$6,997
25 years$26,555$20,242$15,230$11,331$8,351$6,206
26 years$25,261$19,024$14,125$10,361$7,523$5,508
27 years$24,065$17,904$13,116$9,483$6,782$4,893
28 years$22,956$16,871$12,193$8,689$6,120$4,349
29 years$21,926$15,916$11,347$7,968$5,526$3,868
30 years$20,966$15,031$10,569$7,312$4,993$3,442
31 years$20,070$14,209$9,854$6,716$4,514$3,065
32 years$19,232$13,444$9,194$6,172$4,083$2,730
33 years$18,446$12,732$8,584$5,676$3,696$2,432
34 years$17,708$12,067$8,020$5,222$3,346$2,168
35 years$17,013$11,446$7,499$4,807$3,030$1,932
36 years$16,359$10,863$7,015$4,427$2,746$1,723
37 years$15,741$10,318$6,566$4,079$2,489$1,537
38 years$15,158$9,806$6,148$3,760$2,256$1,371
39 years$14,605$9,324$5,760$3,467$2,046$1,224
40 years$14,082$8,871$5,399$3,198$1,856$1,092
41 years$13,585$8,445$5,063$2,950$1,684$975
42 years$13,113$8,042$4,749$2,723$1,528$870
43 years$12,665$7,663$4,456$2,513$1,386$777
44 years$12,238$7,304$4,183$2,321$1,258$694
45 years$11,831$6,965$3,928$2,143$1,142$619
46 years$11,443$6,644$3,689$1,980$1,037$553
47 years$11,073$6,341$3,466$1,829$942$494
48 years$10,719$6,053$3,257$1,690$855$441
49 years$10,380$5,780$3,061$1,562$777$394
50 years$10,056$5,522$2,878$1,444$706$352

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,300,000, adding $6,952 every year, while hoping to spend $29,636 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: 42/30/28 Blend
59$10,300,000$10,300,000$10,300,000$10,300,000
60$11,357,771$10,811,871$10,652,221$11,741,386
61$12,484,731$11,310,120$10,977,538$12,516,518
62$13,725,648$11,831,790$11,312,760$13,352,106
63$15,092,114$12,377,998$11,658,187$14,256,481
64$16,596,902$12,949,912$12,014,129$15,236,012
65$18,254,089$13,548,761$12,380,905$16,297,693
66$20,079,184$14,175,828$12,758,844$17,449,201
67$22,089,280$14,832,462$13,148,283$18,698,970
68$24,303,208$15,520,075$13,549,573$20,056,262
69$26,741,723$16,240,147$13,963,071$21,531,251
70$29,427,694$16,994,229$14,389,149$23,135,119
71$32,386,320$17,783,948$14,828,187$24,880,151
72$35,645,372$18,611,008$15,280,579$26,779,850
73$39,235,450$19,477,198$15,746,729$28,849,060
74$43,190,276$20,384,390$16,227,053$31,104,097
75$47,547,006$21,334,548$16,721,982$33,562,903
76$52,346,590$22,329,730$17,231,958$36,245,206
77$57,634,150$23,372,094$17,757,436$39,172,701
78$63,459,409$24,463,903$18,298,886$42,369,250
79$69,877,163$25,607,528$18,856,792$45,861,101
80$76,947,791$26,805,454$19,431,652$49,677,127
81$84,737,832$28,060,288$20,023,979$53,849,094
82$93,320,611$29,374,762$20,634,303$58,411,951
83$102,776,928$30,751,740$21,263,167$63,404,156
84$113,195,825$32,194,225$21,911,132$68,868,028
85$124,675,421$33,705,365$22,578,778$74,850,139
86$137,323,846$35,288,460$23,266,699$81,401,746
87$151,260,254$36,946,969$23,975,508$88,579,266
88$166,615,950$38,684,521$24,705,838$96,444,796
89$183,535,632$40,504,918$25,458,339$105,066,693
90$202,178,755$42,412,148$26,233,682$114,520,208
91$222,721,035$44,410,390$27,032,558$124,888,186
92$245,356,109$46,504,028$27,855,677$136,261,834
93$270,297,363$48,697,656$28,703,773$148,741,574
94$297,779,945$50,996,092$29,577,600$162,437,978
95$328,062,986$53,404,387$30,477,936$177,472,795
96$361,432,046$55,927,837$31,405,583$193,980,094
97$398,201,810$58,571,996$32,361,364$212,107,509
98$438,719,055$61,342,685$33,346,131$232,017,622
99$483,365,931$64,246,008$34,360,758$253,889,480
100$532,563,560$67,288,367$35,406,148$277,920,271