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

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$850,564$842,988$835,596$828,381$821,336$789,997
2 years$421,071$413,229$405,629$398,260$391,113$359,908
3 years$277,926$270,050$262,469$255,169$248,138$218,049
4 years$206,367$198,515$191,010$183,835$176,974$148,231
5 years$163,443$155,638$148,232$141,203$134,533$107,209
6 years$134,836$127,090$119,793$112,921$106,451$80,565
7 years$114,411$106,730$99,549$92,839$86,573$62,117
8 years$99,099$91,488$84,425$77,880$71,821$48,772
9 years$87,196$79,656$72,715$66,337$60,484$38,808
10 years$77,679$70,213$63,395$57,183$51,535$31,193
11 years$69,898$62,507$55,812$49,766$44,322$25,268
12 years$63,418$56,103$49,532$43,652$38,408$20,594
13 years$57,939$50,700$44,253$38,538$33,493$16,865
14 years$53,247$46,085$39,762$34,210$29,360$13,866
15 years$49,184$42,100$35,900$30,509$25,851$11,435
16 years$45,633$38,626$32,548$27,317$22,847$9,455
17 years$42,503$35,573$29,618$24,544$20,258$7,833
18 years$39,723$32,871$27,037$22,120$18,012$6,501
19 years$37,239$30,464$24,751$19,987$16,055$5,403
20 years$35,006$28,309$22,715$18,102$14,340$4,496
21 years$32,989$26,369$20,894$16,429$12,833$3,744
22 years$31,157$24,614$19,257$14,937$11,503$3,121
23 years$29,487$23,021$17,780$13,604$10,326$2,603
24 years$27,959$21,569$16,444$12,407$9,281$2,172
25 years$26,555$20,242$15,230$11,331$8,351$1,814
26 years$25,261$19,024$14,125$10,361$7,523$1,515
27 years$24,065$17,904$13,116$9,483$6,782$1,266
28 years$22,956$16,871$12,193$8,689$6,120$1,058
29 years$21,926$15,916$11,347$7,968$5,526$884
30 years$20,966$15,031$10,569$7,312$4,993$739
31 years$20,070$14,209$9,854$6,716$4,514$618
32 years$19,232$13,444$9,194$6,172$4,083$517
33 years$18,446$12,732$8,584$5,676$3,696$432
34 years$17,708$12,067$8,020$5,222$3,346$362
35 years$17,013$11,446$7,499$4,807$3,030$302
36 years$16,359$10,863$7,015$4,427$2,746$253
37 years$15,741$10,318$6,566$4,079$2,489$212
38 years$15,158$9,806$6,148$3,760$2,256$177
39 years$14,605$9,324$5,760$3,467$2,046$148
40 years$14,082$8,871$5,399$3,198$1,856$124
41 years$13,585$8,445$5,063$2,950$1,684$104
42 years$13,113$8,042$4,749$2,723$1,528$87
43 years$12,665$7,663$4,456$2,513$1,386$73
44 years$12,238$7,304$4,183$2,321$1,258$61
45 years$11,831$6,965$3,928$2,143$1,142$51
46 years$11,443$6,644$3,689$1,980$1,037$43
47 years$11,073$6,341$3,466$1,829$942$36
48 years$10,719$6,053$3,257$1,690$855$30
49 years$10,380$5,780$3,061$1,562$777$25
50 years$10,056$5,522$2,878$1,444$706$21

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 $2,671 every year, while hoping to spend $31,154 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: 44/46/10 Blend
59$10,300,000$10,300,000$10,300,000$10,300,000
60$11,353,355$10,807,455$10,647,805$11,820,300
61$12,478,250$11,303,873$10,971,359$12,641,260
62$13,716,839$11,823,571$11,304,708$13,527,128
63$15,080,688$12,367,657$11,648,147$14,486,545
64$16,582,539$12,937,292$12,001,980$15,526,282
65$18,236,432$13,533,694$12,366,520$16,653,765
66$20,057,840$14,158,137$12,742,091$17,877,148
67$22,063,813$14,811,959$13,129,024$19,205,374
68$24,273,137$15,496,560$13,527,661$20,648,267
69$26,706,515$16,213,409$13,938,356$22,216,609
70$29,386,759$16,964,046$14,361,471$23,922,242
71$32,339,008$17,750,084$14,797,379$25,778,171
72$35,590,962$18,573,213$15,246,467$27,798,686
73$39,173,147$19,435,208$15,709,131$29,999,483
74$43,119,200$20,337,925$16,185,778$32,397,811
75$47,466,188$21,283,312$16,676,831$35,012,626
76$52,254,956$22,273,412$17,182,722$37,864,765
77$57,530,516$23,310,364$17,703,898$40,977,131
78$63,342,469$24,396,412$18,240,819$44,374,904
79$69,745,471$25,533,906$18,793,957$48,085,770
80$76,799,755$26,725,314$19,363,800$52,140,176
81$84,571,694$27,973,218$19,950,851$56,571,602
82$93,134,429$29,280,328$20,555,627$61,416,875
83$102,568,560$30,649,483$21,178,660$66,716,501
84$112,962,907$32,083,661$21,820,498$72,515,040
85$124,415,346$33,585,983$22,481,708$78,861,516
86$137,033,736$35,159,721$23,162,870$85,809,866
87$150,936,935$36,808,305$23,864,584$93,419,439
88$166,255,921$38,535,331$24,587,466$101,755,544
89$183,135,032$40,344,569$25,332,153$110,890,051
90$201,733,323$42,239,971$26,099,298$120,902,058
91$222,226,074$44,225,681$26,889,576$131,878,625
92$244,806,437$46,306,044$27,703,681$143,915,575
93$269,687,267$48,485,613$28,542,328$157,118,388
94$297,103,125$50,769,165$29,406,252$171,603,180
95$327,312,494$53,161,704$30,296,212$187,497,778
96$360,600,222$55,668,481$31,212,988$204,942,913
97$397,280,206$58,294,998$32,157,385$224,093,525
98$437,698,360$61,047,026$33,130,230$245,120,212
99$482,235,876$63,930,614$34,132,376$268,210,814
100$531,312,825$66,952,104$35,164,701$293,572,166