Can I retire at age 60 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$858,822$851,172$843,709$836,424$829,311$803,085
2 years$425,160$417,241$409,567$402,127$394,910$368,726
3 years$280,624$272,672$265,017$257,647$250,547$225,226
4 years$208,371$200,443$192,865$185,620$178,692$154,428
5 years$165,030$157,149$149,671$142,574$135,839$112,697
6 years$136,145$128,324$120,956$114,017$107,485$85,485
7 years$115,522$107,767$100,515$93,740$87,414$66,554
8 years$100,061$92,376$85,245$78,636$72,518$52,784
9 years$88,043$80,430$73,421$66,981$61,071$42,440
10 years$78,433$70,895$64,010$57,738$52,035$34,480
11 years$70,576$63,114$56,354$50,249$44,752$28,241
12 years$64,033$56,647$50,013$44,075$38,781$23,279
13 years$58,502$51,193$44,683$38,912$33,818$19,287
14 years$53,764$46,533$40,148$34,542$29,645$16,045
15 years$49,662$42,508$36,248$30,805$26,102$13,394
16 years$46,076$39,001$32,864$27,583$23,069$11,211
17 years$42,915$35,918$29,905$24,783$20,454$9,406
18 years$40,109$33,190$27,299$22,334$18,187$7,906
19 years$37,601$30,760$24,991$20,181$16,210$6,656
20 years$35,346$28,584$22,936$18,278$14,479$5,610
21 years$33,309$26,625$21,097$16,588$12,957$4,735
22 years$31,460$24,853$19,444$15,082$11,615$3,999
23 years$29,774$23,245$17,953$13,736$10,426$3,381
24 years$28,230$21,779$16,603$12,528$9,371$2,860
25 years$26,813$20,438$15,378$11,441$8,432$2,420
26 years$25,506$19,209$14,262$10,461$7,596$2,049
27 years$24,299$18,078$13,244$9,575$6,848$1,736
28 years$23,179$17,034$12,312$8,773$6,179$1,471
29 years$22,139$16,070$11,457$8,045$5,580$1,247
30 years$21,170$15,176$10,672$7,383$5,042$1,057
31 years$20,265$14,347$9,949$6,781$4,558$896
32 years$19,418$13,575$9,283$6,232$4,123$760
33 years$18,625$12,856$8,667$5,731$3,731$645
34 years$17,880$12,184$8,098$5,273$3,378$547
35 years$17,178$11,557$7,571$4,854$3,060$464
36 years$16,518$10,969$7,083$4,470$2,772$394
37 years$15,894$10,418$6,629$4,119$2,513$334
38 years$15,305$9,901$6,208$3,796$2,278$283
39 years$14,747$9,415$5,816$3,501$2,066$241
40 years$14,218$8,957$5,452$3,229$1,874$204
41 years$13,717$8,527$5,112$2,979$1,700$173
42 years$13,241$8,120$4,795$2,749$1,543$147
43 years$12,788$7,737$4,500$2,538$1,400$125
44 years$12,357$7,375$4,224$2,343$1,271$106
45 years$11,946$7,033$3,966$2,164$1,154$90
46 years$11,554$6,709$3,725$1,999$1,047$76
47 years$11,180$6,402$3,499$1,847$951$65
48 years$10,823$6,112$3,288$1,707$864$55
49 years$10,481$5,837$3,091$1,577$784$47
50 years$10,154$5,575$2,906$1,458$713$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,400,000, adding $4,467 every year, while hoping to spend $39,487 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: 79/15/6 Blend
59$10,400,000$10,400,000$10,400,000$10,400,000
60$11,465,408$10,914,208$10,753,008$12,365,285
61$12,592,865$11,406,990$11,071,220$13,448,292
62$13,834,000$11,922,595$11,398,768$14,630,360
63$15,200,366$12,462,100$11,735,924$15,925,811
64$16,704,693$13,026,632$12,082,967$17,345,924
65$18,361,008$13,617,374$12,440,184$18,903,114
66$20,184,770$14,235,564$12,807,869$20,611,052
67$22,193,010$14,882,500$13,186,326$22,484,788
68$24,404,496$15,559,542$13,575,867$24,540,895
69$26,839,910$16,268,114$13,976,813$26,797,621
70$29,522,039$17,009,711$14,389,495$29,275,063
71$32,475,996$17,785,896$14,814,252$31,995,348
72$35,729,452$18,598,309$15,251,434$34,982,847
73$39,312,900$19,448,669$15,701,400$38,264,399
74$43,259,938$20,338,777$16,164,520$41,869,561
75$47,607,594$21,270,519$16,641,174$45,830,888
76$52,396,668$22,245,874$17,131,752$50,184,237
77$57,672,120$23,266,914$17,636,658$54,969,099
78$63,483,494$24,335,811$18,156,304$60,228,975
79$69,885,387$25,454,841$18,691,116$66,011,779
80$76,937,959$26,626,392$19,241,532$72,370,290
81$84,707,508$27,852,962$19,808,000$79,362,647
82$93,267,091$29,137,174$20,390,985$87,052,891
83$102,697,212$30,481,773$20,990,961$95,511,571
84$113,086,587$31,889,640$21,608,418$104,816,405
85$124,532,978$33,363,791$22,243,858$115,053,008
86$137,144,115$34,907,390$22,897,801$126,315,699
87$151,038,714$36,523,751$23,570,776$138,708,383
88$166,347,598$38,216,350$24,263,333$152,345,534
89$183,214,930$39,988,829$24,976,032$167,353,265
90$201,799,577$41,845,005$25,709,453$183,870,519
91$222,276,604$43,788,881$26,464,190$202,050,372
92$244,838,933$45,824,651$27,240,855$222,061,476
93$269,699,157$47,956,713$28,040,077$244,089,641
94$297,091,555$50,189,675$28,862,503$268,339,590
95$327,274,293$52,528,369$29,708,797$295,036,883
96$360,531,873$54,977,860$30,579,643$324,430,036
97$397,177,807$57,543,458$31,475,744$356,792,870
98$437,557,584$60,230,729$32,397,822$392,427,080
99$482,051,929$63,045,506$33,346,621$431,665,082
100$531,080,396$65,993,906$34,322,903$474,873,142