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

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$858,822$851,172$843,709$836,424$829,311$807,624
2 years$425,160$417,241$409,567$402,127$394,910$373,209
3 years$280,624$272,672$265,017$257,647$250,547$229,511
4 years$208,371$200,443$192,865$185,620$178,692$158,482
5 years$165,030$157,149$149,671$142,574$135,839$116,511
6 years$136,145$128,324$120,956$114,017$107,485$89,058
7 years$115,522$107,767$100,515$93,740$87,414$69,889
8 years$100,061$92,376$85,245$78,636$72,518$55,887
9 years$88,043$80,430$73,421$66,981$61,071$45,319
10 years$78,433$70,895$64,010$57,738$52,035$37,143
11 years$70,576$63,114$56,354$50,249$44,752$30,697
12 years$64,033$56,647$50,013$44,075$38,781$25,538
13 years$58,502$51,193$44,683$38,912$33,818$21,360
14 years$53,764$46,533$40,148$34,542$29,645$17,943
15 years$49,662$42,508$36,248$30,805$26,102$15,126
16 years$46,076$39,001$32,864$27,583$23,069$12,789
17 years$42,915$35,918$29,905$24,783$20,454$10,840
18 years$40,109$33,190$27,299$22,334$18,187$9,206
19 years$37,601$30,760$24,991$20,181$16,210$7,832
20 years$35,346$28,584$22,936$18,278$14,479$6,673
21 years$33,309$26,625$21,097$16,588$12,957$5,693
22 years$31,460$24,853$19,444$15,082$11,615$4,861
23 years$29,774$23,245$17,953$13,736$10,426$4,155
24 years$28,230$21,779$16,603$12,528$9,371$3,554
25 years$26,813$20,438$15,378$11,441$8,432$3,042
26 years$25,506$19,209$14,262$10,461$7,596$2,605
27 years$24,299$18,078$13,244$9,575$6,848$2,231
28 years$23,179$17,034$12,312$8,773$6,179$1,912
29 years$22,139$16,070$11,457$8,045$5,580$1,640
30 years$21,170$15,176$10,672$7,383$5,042$1,406
31 years$20,265$14,347$9,949$6,781$4,558$1,206
32 years$19,418$13,575$9,283$6,232$4,123$1,035
33 years$18,625$12,856$8,667$5,731$3,731$888
34 years$17,880$12,184$8,098$5,273$3,378$762
35 years$17,178$11,557$7,571$4,854$3,060$654
36 years$16,518$10,969$7,083$4,470$2,772$562
37 years$15,894$10,418$6,629$4,119$2,513$482
38 years$15,305$9,901$6,208$3,796$2,278$414
39 years$14,747$9,415$5,816$3,501$2,066$356
40 years$14,218$8,957$5,452$3,229$1,874$305
41 years$13,717$8,527$5,112$2,979$1,700$262
42 years$13,241$8,120$4,795$2,749$1,543$225
43 years$12,788$7,737$4,500$2,538$1,400$194
44 years$12,357$7,375$4,224$2,343$1,271$166
45 years$11,946$7,033$3,966$2,164$1,154$143
46 years$11,554$6,709$3,725$1,999$1,047$123
47 years$11,180$6,402$3,499$1,847$951$105
48 years$10,823$6,112$3,288$1,707$864$90
49 years$10,481$5,837$3,091$1,577$784$78
50 years$10,154$5,575$2,906$1,458$713$67

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 $4,699 every year, while hoping to spend $46,238 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: 69/10/21 Blend
59$10,400,000$10,400,000$10,400,000$10,400,000
60$11,465,647$10,914,447$10,753,247$12,196,606
61$12,585,946$11,400,058$11,064,284$13,171,354
62$13,818,966$11,907,914$11,384,191$14,231,751
63$15,176,156$12,439,057$11,713,216$15,390,989
64$16,670,129$12,994,577$12,051,615$16,658,831
65$18,314,788$13,575,616$12,399,649$18,046,023
66$20,125,447$14,183,372$12,757,588$19,564,395
67$22,118,984$14,819,099$13,125,709$21,226,972
68$24,313,995$15,484,109$13,504,295$23,048,094
69$26,730,971$16,179,780$13,893,638$25,043,550
70$29,392,493$16,907,552$14,294,037$27,230,726
71$32,323,442$17,668,936$14,705,802$29,628,766
72$35,551,234$18,465,515$15,129,247$32,258,752
73$39,106,081$19,298,947$15,564,699$35,143,902
74$43,021,275$20,170,968$16,012,489$38,309,783
75$47,333,498$21,083,399$16,472,961$41,784,555
76$52,083,177$22,038,147$16,946,466$45,599,232
77$57,314,854$23,037,210$17,433,367$49,787,975
78$63,077,618$24,082,682$17,934,033$54,388,406
79$69,425,557$25,176,756$18,448,846$59,441,969
80$76,418,279$26,321,731$18,978,196$64,994,313
81$84,121,464$27,520,017$19,522,487$71,095,722
82$92,607,493$28,774,137$20,082,129$77,801,584
83$101,956,124$30,086,737$20,657,548$85,172,919
84$112,255,249$31,460,588$21,249,176$93,276,941
85$123,601,723$32,898,595$21,857,462$102,187,700
86$136,102,275$34,403,802$22,482,863$111,986,768
87$149,874,518$35,979,399$23,125,850$122,764,014
88$165,048,059$37,628,730$23,786,907$134,618,444
89$181,765,721$39,355,298$24,466,528$147,659,133
90$200,184,892$41,162,775$25,165,223$162,006,252
91$220,479,008$43,055,008$25,883,516$177,792,195
92$242,839,195$45,036,031$26,621,942$195,162,831
93$267,476,068$47,110,072$27,381,052$214,278,871
94$294,621,721$49,281,560$28,161,411$235,317,381
95$324,531,918$51,555,138$28,963,600$258,473,453
96$357,488,507$53,935,672$29,788,214$283,962,038
97$393,802,079$56,428,265$30,635,864$312,019,973
98$433,814,903$59,038,262$31,507,177$342,908,207
99$477,904,152$61,771,266$32,402,797$376,914,266
100$526,485,469$64,633,152$33,323,384$414,354,954