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%16.1%
1 years$858,822$851,172$843,709$836,424$829,311$808,606
2 years$425,160$417,241$409,567$402,127$394,910$374,181
3 years$280,624$272,672$265,017$257,647$250,547$230,443
4 years$208,371$200,443$192,865$185,620$178,692$159,367
5 years$165,030$157,149$149,671$142,574$135,839$117,347
6 years$136,145$128,324$120,956$114,017$107,485$89,844
7 years$115,522$107,767$100,515$93,740$87,414$70,626
8 years$100,061$92,376$85,245$78,636$72,518$56,576
9 years$88,043$80,430$73,421$66,981$61,071$45,960
10 years$78,433$70,895$64,010$57,738$52,035$37,739
11 years$70,576$63,114$56,354$50,249$44,752$31,250
12 years$64,033$56,647$50,013$44,075$38,781$26,049
13 years$58,502$51,193$44,683$38,912$33,818$21,831
14 years$53,764$46,533$40,148$34,542$29,645$18,376
15 years$49,662$42,508$36,248$30,805$26,102$15,524
16 years$46,076$39,001$32,864$27,583$23,069$13,154
17 years$42,915$35,918$29,905$24,783$20,454$11,173
18 years$40,109$33,190$27,299$22,334$18,187$9,511
19 years$37,601$30,760$24,991$20,181$16,210$8,110
20 years$35,346$28,584$22,936$18,278$14,479$6,925
21 years$33,309$26,625$21,097$16,588$12,957$5,921
22 years$31,460$24,853$19,444$15,082$11,615$5,068
23 years$29,774$23,245$17,953$13,736$10,426$4,342
24 years$28,230$21,779$16,603$12,528$9,371$3,722
25 years$26,813$20,438$15,378$11,441$8,432$3,194
26 years$25,506$19,209$14,262$10,461$7,596$2,741
27 years$24,299$18,078$13,244$9,575$6,848$2,354
28 years$23,179$17,034$12,312$8,773$6,179$2,023
29 years$22,139$16,070$11,457$8,045$5,580$1,739
30 years$21,170$15,176$10,672$7,383$5,042$1,495
31 years$20,265$14,347$9,949$6,781$4,558$1,285
32 years$19,418$13,575$9,283$6,232$4,123$1,106
33 years$18,625$12,856$8,667$5,731$3,731$951
34 years$17,880$12,184$8,098$5,273$3,378$818
35 years$17,178$11,557$7,571$4,854$3,060$704
36 years$16,518$10,969$7,083$4,470$2,772$606
37 years$15,894$10,418$6,629$4,119$2,513$522
38 years$15,305$9,901$6,208$3,796$2,278$449
39 years$14,747$9,415$5,816$3,501$2,066$387
40 years$14,218$8,957$5,452$3,229$1,874$333
41 years$13,717$8,527$5,112$2,979$1,700$287
42 years$13,241$8,120$4,795$2,749$1,543$247
43 years$12,788$7,737$4,500$2,538$1,400$213
44 years$12,357$7,375$4,224$2,343$1,271$183
45 years$11,946$7,033$3,966$2,164$1,154$158
46 years$11,554$6,709$3,725$1,999$1,047$136
47 years$11,180$6,402$3,499$1,847$951$117
48 years$10,823$6,112$3,288$1,707$864$101
49 years$10,481$5,837$3,091$1,577$784$87
50 years$10,154$5,575$2,906$1,458$713$75

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 $3,892 every year, while hoping to spend $36,892 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: 52/28/20 Blend
59$10,400,000$10,400,000$10,400,000$10,400,000
60$11,464,815$10,913,615$10,752,415$11,997,573
61$12,594,973$11,409,129$11,073,368$12,860,261
62$13,839,171$11,927,687$11,403,836$13,793,946
63$15,209,002$12,470,379$11,744,100$14,808,740
64$16,717,240$13,038,347$12,094,447$15,912,357
65$18,377,961$13,632,789$12,455,174$17,113,278
66$20,206,676$14,254,959$12,826,585$18,420,822
67$22,220,476$14,906,171$13,208,995$19,845,234
68$24,438,194$15,587,803$13,602,726$21,397,778
69$26,880,583$16,301,298$14,008,111$23,090,839
70$29,570,511$17,048,171$14,425,491$24,938,035
71$32,533,178$17,830,005$14,855,219$26,954,347
72$35,796,350$18,648,464$15,297,657$29,156,249
73$39,390,627$19,505,288$15,753,178$31,561,863
74$43,349,725$20,402,302$16,222,164$34,191,128
75$47,710,802$21,341,419$16,705,011$37,065,977
76$52,514,800$22,324,644$17,202,125$40,210,546
77$57,806,836$23,354,079$17,713,923$43,651,394
78$63,636,629$24,431,925$18,240,836$47,417,745
79$70,058,967$25,560,490$18,783,305$51,541,766
80$77,134,222$26,742,195$19,341,786$56,058,857
81$84,928,924$27,979,573$19,916,747$61,007,984
82$93,516,386$29,275,285$20,508,670$66,432,039
83$102,977,398$30,632,114$21,118,051$72,378,239
84$113,400,987$32,052,982$21,745,400$78,898,562
85$124,885,259$33,540,950$22,391,242$86,050,236
86$137,538,323$35,099,224$23,056,117$93,896,266
87$151,479,316$36,731,170$23,740,580$102,506,023
88$166,839,520$38,440,311$24,445,204$111,955,892
89$183,763,609$40,230,344$25,170,576$122,329,985
90$202,411,008$42,105,142$25,917,301$133,720,920
91$222,957,402$44,068,765$26,686,002$146,230,695
92$245,596,393$46,125,471$27,477,319$159,971,634
93$270,541,328$48,279,721$28,291,912$175,067,440
94$298,027,310$50,536,194$29,130,458$191,654,350
95$328,313,421$52,899,793$29,993,654$209,882,415
96$361,685,167$55,375,660$30,882,218$229,916,899
97$398,457,169$57,969,183$31,796,887$251,939,828
98$438,976,139$60,686,012$32,738,422$276,151,698
99$483,624,150$63,532,070$33,707,603$302,773,354
100$532,822,239$66,513,568$34,705,234$332,048,058