Can I retire at age 60 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$883,596$875,725$868,047$860,552$853,233$842,571
2 years$437,424$429,277$421,382$413,727$406,301$395,573
3 years$288,719$280,537$272,662$265,079$257,774$247,313
4 years$214,381$206,225$198,428$190,974$183,847$173,733
5 years$169,790$161,683$153,988$146,687$139,757$130,021
6 years$140,073$132,026$124,445$117,306$110,585$101,238
7 years$118,854$110,875$103,415$96,444$89,935$80,980
8 years$102,948$95,041$87,704$80,905$74,610$66,046
9 years$90,582$82,750$75,539$68,913$62,833$54,657
10 years$80,696$72,940$65,857$59,403$53,536$45,743
11 years$72,612$64,934$57,979$51,699$46,043$38,625
12 years$65,881$58,281$51,455$45,347$39,900$32,849
13 years$60,189$52,669$45,972$40,034$34,794$28,100
14 years$55,315$47,875$41,306$35,538$30,500$24,154
15 years$51,094$43,735$37,294$31,694$26,854$20,847
16 years$47,405$40,126$33,812$28,378$23,734$18,053
17 years$44,153$36,954$30,768$25,498$21,044$15,679
18 years$41,266$34,147$28,087$22,979$18,712$13,650
19 years$38,685$31,648$25,712$20,763$16,678$11,909
20 years$36,366$29,408$23,597$18,805$14,897$10,409
21 years$34,270$27,393$21,705$17,067$13,331$9,112
22 years$32,367$25,570$20,005$15,518$11,950$7,987
23 years$30,633$23,915$18,471$14,132$10,727$7,009
24 years$29,045$22,407$17,082$12,889$9,641$6,158
25 years$27,586$21,028$15,822$11,771$8,676$5,414
26 years$26,242$19,763$14,674$10,763$7,815$4,764
27 years$25,000$18,599$13,626$9,852$7,046$4,195
28 years$23,848$17,526$12,667$9,026$6,357$3,696
29 years$22,778$16,534$11,788$8,277$5,741$3,258
30 years$21,781$15,614$10,980$7,596$5,187$2,874
31 years$20,850$14,761$10,236$6,977$4,690$2,535
32 years$19,979$13,967$9,551$6,412$4,242$2,238
33 years$19,162$13,227$8,917$5,896$3,839$1,976
34 years$18,395$12,536$8,332$5,425$3,476$1,745
35 years$17,674$11,890$7,790$4,994$3,148$1,541
36 years$16,994$11,285$7,287$4,599$2,852$1,362
37 years$16,353$10,718$6,821$4,238$2,585$1,203
38 years$15,746$10,186$6,387$3,906$2,344$1,064
39 years$15,172$9,686$5,984$3,602$2,125$940
40 years$14,629$9,216$5,609$3,322$1,928$831
41 years$14,113$8,772$5,259$3,065$1,749$735
42 years$13,623$8,355$4,933$2,828$1,587$650
43 years$13,157$7,960$4,629$2,611$1,440$575
44 years$12,713$7,588$4,345$2,411$1,307$508
45 years$12,290$7,236$4,080$2,226$1,187$450
46 years$11,887$6,903$3,832$2,057$1,078$398
47 years$11,503$6,587$3,600$1,900$979$352
48 years$11,135$6,288$3,383$1,756$889$311
49 years$10,783$6,005$3,180$1,623$807$275
50 years$10,447$5,736$2,990$1,500$733$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,700,000, adding $6,298 every year, while hoping to spend $29,696 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: 70/11/19 Blend
59$10,700,000$10,700,000$10,700,000$10,700,000
60$11,797,896$11,230,796$11,064,946$12,569,047
61$12,969,686$11,749,509$11,404,026$13,602,570
62$14,260,002$12,292,643$11,753,469$14,729,294
63$15,680,904$12,861,365$12,113,592$15,961,803
64$17,245,679$13,456,894$12,484,720$17,310,553
65$18,968,968$14,080,513$12,867,189$18,787,053
66$20,866,907$14,733,562$13,261,343$20,403,969
67$22,957,273$15,417,448$13,667,540$22,175,251
68$25,259,657$16,133,645$14,086,145$24,116,251
69$27,795,649$16,883,700$14,517,537$26,243,877
70$30,589,035$17,669,232$14,962,105$28,576,741
71$33,666,031$18,491,939$15,420,250$31,135,342
72$37,055,524$19,353,601$15,892,386$33,942,247
73$40,789,345$20,256,085$16,378,939$37,022,313
74$44,902,572$21,201,347$16,880,347$40,402,909
75$49,433,859$22,191,437$17,397,062$44,114,179
76$54,425,800$23,228,505$17,929,551$48,189,319
77$59,925,334$24,314,805$18,478,294$52,664,894
78$65,984,186$25,452,698$19,043,785$57,581,172
79$72,659,355$26,644,662$19,626,534$62,982,510
80$80,013,652$27,893,293$20,227,065$68,917,762
81$88,116,292$29,201,312$20,845,920$75,440,742
82$97,043,552$30,571,574$21,483,656$82,610,727
83$106,879,482$32,007,070$22,140,847$90,493,014
84$117,716,709$33,510,936$22,818,084$99,159,531
85$129,657,302$35,086,460$23,515,979$108,689,515
86$142,813,740$36,737,090$24,235,157$119,170,253
87$157,309,973$38,466,439$24,976,267$130,697,905
88$173,282,593$40,278,298$25,739,975$143,378,405
89$190,882,121$42,176,638$26,526,967$157,328,460
90$210,274,429$44,165,624$27,337,952$172,676,642
91$231,642,306$46,249,625$28,173,659$189,564,602
92$255,187,183$48,433,218$29,034,838$208,148,400
93$281,131,034$50,721,204$29,922,263$228,599,973
94$309,718,472$53,118,617$30,836,732$251,108,753
95$341,219,060$55,630,732$31,779,066$275,883,451
96$375,929,851$58,263,085$32,750,112$303,154,019
97$414,178,195$61,021,476$33,750,740$333,173,817
98$456,324,831$63,911,988$34,781,850$366,221,994
99$502,767,288$66,941,000$35,844,366$402,606,125
100$553,943,642$70,115,199$36,939,243$442,665,099