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%19%
1 years$850,564$842,988$835,596$828,381$821,336$791,565
2 years$421,071$413,229$405,629$398,260$391,113$361,445
3 years$277,926$270,050$262,469$255,169$248,138$219,507
4 years$206,367$198,515$191,010$183,835$176,974$149,599
5 years$163,443$155,638$148,232$141,203$134,533$108,484
6 years$134,836$127,090$119,793$112,921$106,451$81,748
7 years$114,411$106,730$99,549$92,839$86,573$63,210
8 years$99,099$91,488$84,425$77,880$71,821$49,778
9 years$87,196$79,656$72,715$66,337$60,484$39,730
10 years$77,679$70,213$63,395$57,183$51,535$32,036
11 years$69,898$62,507$55,812$49,766$44,322$26,035
12 years$63,418$56,103$49,532$43,652$38,408$21,290
13 years$57,939$50,700$44,253$38,538$33,493$17,495
14 years$53,247$46,085$39,762$34,210$29,360$14,434
15 years$49,184$42,100$35,900$30,509$25,851$11,946
16 years$45,633$38,626$32,548$27,317$22,847$9,913
17 years$42,503$35,573$29,618$24,544$20,258$8,244
18 years$39,723$32,871$27,037$22,120$18,012$6,867
19 years$37,239$30,464$24,751$19,987$16,055$5,729
20 years$35,006$28,309$22,715$18,102$14,340$4,785
21 years$32,989$26,369$20,894$16,429$12,833$4,001
22 years$31,157$24,614$19,257$14,937$11,503$3,348
23 years$29,487$23,021$17,780$13,604$10,326$2,803
24 years$27,959$21,569$16,444$12,407$9,281$2,349
25 years$26,555$20,242$15,230$11,331$8,351$1,969
26 years$25,261$19,024$14,125$10,361$7,523$1,651
27 years$24,065$17,904$13,116$9,483$6,782$1,385
28 years$22,956$16,871$12,193$8,689$6,120$1,162
29 years$21,926$15,916$11,347$7,968$5,526$975
30 years$20,966$15,031$10,569$7,312$4,993$819
31 years$20,070$14,209$9,854$6,716$4,514$687
32 years$19,232$13,444$9,194$6,172$4,083$577
33 years$18,446$12,732$8,584$5,676$3,696$485
34 years$17,708$12,067$8,020$5,222$3,346$407
35 years$17,013$11,446$7,499$4,807$3,030$342
36 years$16,359$10,863$7,015$4,427$2,746$287
37 years$15,741$10,318$6,566$4,079$2,489$241
38 years$15,158$9,806$6,148$3,760$2,256$203
39 years$14,605$9,324$5,760$3,467$2,046$170
40 years$14,082$8,871$5,399$3,198$1,856$143
41 years$13,585$8,445$5,063$2,950$1,684$120
42 years$13,113$8,042$4,749$2,723$1,528$101
43 years$12,665$7,663$4,456$2,513$1,386$85
44 years$12,238$7,304$4,183$2,321$1,258$71
45 years$11,831$6,965$3,928$2,143$1,142$60
46 years$11,443$6,644$3,689$1,980$1,037$50
47 years$11,073$6,341$3,466$1,829$942$42
48 years$10,719$6,053$3,257$1,690$855$36
49 years$10,380$5,780$3,061$1,562$777$30
50 years$10,056$5,522$2,878$1,444$706$25

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 $6,229 every year, while hoping to spend $57,576 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: 41/39/20 Blend
59$10,300,000$10,300,000$10,300,000$10,300,000
60$11,357,025$10,811,125$10,651,475$11,755,496
61$12,454,181$11,279,610$10,947,039$12,508,545
62$13,661,318$11,769,121$11,250,575$13,317,089
63$14,989,592$12,280,627$11,562,289$14,191,058
64$16,451,296$12,815,144$11,882,391$15,136,465
65$18,059,977$13,373,734$12,211,100$16,159,912
66$19,830,558$13,957,511$12,548,635$17,268,641
67$21,779,485$14,567,639$12,895,225$18,470,607
68$23,924,879$15,205,340$13,251,101$19,774,545
69$26,286,705$15,871,890$13,616,501$21,190,048
70$28,886,964$16,568,628$13,991,670$22,727,654
71$31,749,899$17,296,955$14,376,855$24,398,942
72$34,902,221$18,058,338$14,772,312$26,216,633
73$38,373,366$18,854,316$15,178,303$28,194,710
74$42,195,769$19,686,496$15,595,095$30,348,541
75$46,405,168$20,556,565$16,022,962$32,695,021
76$51,040,947$21,466,289$16,462,183$35,252,725
77$56,146,503$22,417,516$16,913,046$38,042,074
78$61,769,656$23,412,184$17,375,842$41,085,530
79$67,963,101$24,452,322$17,850,873$44,407,793
80$74,784,905$25,540,053$18,338,445$48,036,032
81$82,299,055$26,677,605$18,838,873$52,000,133
82$90,576,059$27,867,309$19,352,476$56,332,973
83$99,693,617$29,111,607$19,879,584$61,070,726
84$109,737,348$30,413,058$20,420,532$66,253,194
85$120,801,602$31,774,341$20,975,664$71,924,172
86$132,990,347$33,198,266$21,545,330$78,131,857
87$146,418,154$34,687,773$22,129,891$84,929,293
88$161,211,276$36,245,944$22,729,712$92,374,860
89$177,508,837$37,876,006$23,345,169$100,532,815
90$195,464,152$39,581,344$23,976,645$109,473,893
91$215,246,165$41,365,499$24,624,532$119,275,957
92$237,041,050$43,232,185$25,289,230$130,024,726
93$261,053,967$45,185,291$25,971,149$141,814,571
94$287,510,995$47,228,894$26,670,706$154,749,395
95$316,661,270$49,367,263$27,388,328$168,943,596
96$348,779,333$51,604,874$28,124,451$184,523,139
97$384,167,726$53,946,413$28,879,521$201,626,730
98$423,159,841$56,396,794$29,653,992$220,407,104
99$466,123,073$58,961,165$30,448,328$241,032,462
100$513,462,283$61,644,919$31,263,004$263,688,032