Can I retire at age 60 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$875,338$867,541$859,934$852,509$845,259$837,477
2 years$433,336$425,265$417,444$409,860$402,504$394,664
3 years$286,021$277,916$270,114$262,601$255,365$247,710
4 years$212,378$204,297$196,574$189,189$182,129$174,716
5 years$168,204$160,172$152,549$145,316$138,451$131,304
6 years$138,764$130,792$123,282$116,210$109,552$102,679
7 years$117,743$109,839$102,448$95,543$89,095$82,499
8 years$101,985$94,152$86,884$80,148$73,913$67,594
9 years$89,736$81,977$74,833$68,269$62,245$56,201
10 years$79,942$72,258$65,241$58,848$53,036$47,264
11 years$71,933$64,327$57,438$51,216$45,613$40,107
12 years$65,265$57,737$50,974$44,923$39,527$34,283
13 years$59,627$52,177$45,542$39,660$34,468$29,479
14 years$54,798$47,428$40,920$35,206$30,215$25,475
15 years$50,617$43,326$36,945$31,398$26,603$22,106
16 years$46,962$39,751$33,496$28,113$23,512$19,249
17 years$43,741$36,609$30,480$25,259$20,848$16,812
18 years$40,880$33,828$27,824$22,764$18,537$14,720
19 years$38,324$31,352$25,472$20,569$16,522$12,917
20 years$36,026$29,134$23,377$18,629$14,758$11,357
21 years$33,950$27,137$21,502$16,907$13,207$10,001
22 years$32,065$25,331$19,818$15,373$11,838$8,820
23 years$30,346$23,692$18,298$14,000$10,626$7,787
24 years$28,773$22,198$16,923$12,769$9,551$6,884
25 years$27,328$20,831$15,674$11,661$8,595$6,091
26 years$25,997$19,578$14,537$10,662$7,742$5,393
27 years$24,766$18,425$13,499$9,760$6,980$4,779
28 years$23,625$17,362$12,549$8,942$6,298$4,238
29 years$22,565$16,379$11,678$8,200$5,687$3,760
30 years$21,577$15,468$10,877$7,525$5,139$3,338
31 years$20,655$14,623$10,141$6,912$4,646$2,965
32 years$19,792$13,836$9,461$6,352$4,202$2,634
33 years$18,983$13,103$8,834$5,841$3,803$2,341
34 years$18,223$12,419$8,254$5,374$3,443$2,081
35 years$17,509$11,779$7,717$4,947$3,119$1,851
36 years$16,835$11,180$7,219$4,556$2,826$1,646
37 years$16,200$10,618$6,757$4,198$2,561$1,465
38 years$15,599$10,091$6,328$3,869$2,322$1,303
39 years$15,031$9,596$5,928$3,568$2,106$1,160
40 years$14,492$9,130$5,556$3,291$1,910$1,033
41 years$13,981$8,690$5,210$3,036$1,733$919
42 years$13,495$8,277$4,887$2,802$1,572$819
43 years$13,034$7,886$4,586$2,587$1,427$729
44 years$12,594$7,517$4,305$2,388$1,295$649
45 years$12,176$7,168$4,042$2,206$1,176$578
46 years$11,776$6,838$3,796$2,037$1,068$515
47 years$11,395$6,526$3,567$1,882$969$459
48 years$11,031$6,230$3,352$1,739$880$409
49 years$10,683$5,949$3,150$1,607$800$364
50 years$10,349$5,683$2,962$1,486$726$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,600,000, adding $5,300 every year, while hoping to spend $26,982 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: 47/25/28 Blend
59$10,600,000$10,600,000$10,600,000$10,600,000
60$11,686,667$11,124,867$10,960,567$12,141,877
61$12,849,998$11,641,277$11,299,037$12,980,166
62$14,131,085$12,182,086$11,647,942$13,886,548
63$15,541,910$12,748,463$12,007,602$14,869,946
64$17,095,677$13,341,630$12,378,349$15,937,616
65$18,806,936$13,962,869$12,760,523$17,097,528
66$20,691,719$14,613,525$13,154,477$18,358,441
67$22,767,694$15,295,008$13,560,571$19,729,979
68$25,054,329$16,008,794$13,979,181$21,222,722
69$27,573,078$16,756,431$14,410,690$22,848,299
70$30,347,579$17,539,545$14,855,496$24,619,495
71$33,403,885$18,359,835$15,314,008$26,550,366
72$36,770,700$19,219,086$15,786,647$28,656,371
73$40,479,659$20,119,168$16,273,847$30,954,510
74$44,565,620$21,062,043$16,776,056$33,463,482
75$49,066,995$22,049,765$17,293,735$36,203,854
76$54,026,114$23,084,489$17,827,361$39,198,255
77$59,489,623$24,168,475$18,377,424$42,471,577
78$65,508,925$25,304,090$18,944,428$46,051,213
79$72,140,664$26,493,819$19,528,894$49,967,302
80$79,447,260$27,740,264$20,131,360$54,253,011
81$87,497,498$29,046,155$20,752,379$58,944,845
82$96,367,179$30,414,353$21,392,519$64,082,979
83$106,139,833$31,847,857$22,052,370$69,711,632
84$116,907,508$33,349,815$22,732,537$75,879,481
85$128,771,641$34,923,523$23,433,644$82,640,110
86$141,844,012$36,572,439$24,156,335$90,052,507
87$156,247,801$38,300,188$24,901,272$98,181,614
88$172,118,751$40,110,572$25,669,139$107,098,933
89$189,606,448$42,007,575$26,460,640$116,883,190
90$208,875,736$43,995,376$27,276,501$127,621,070
91$230,108,268$46,078,356$28,117,471$139,408,023
92$253,504,226$48,261,110$28,984,320$152,349,161
93$279,284,205$50,548,453$29,877,844$166,560,232
94$307,691,304$52,945,436$30,798,861$182,168,707
95$338,993,409$55,457,355$31,748,215$199,314,969
96$373,485,733$58,089,762$32,726,777$218,153,629
97$411,493,597$60,848,480$33,735,443$238,854,970
98$453,375,501$63,739,612$34,775,138$261,606,542
99$499,526,511$66,769,562$35,846,813$286,614,920
100$550,381,984$69,945,040$36,951,451$314,107,637