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%17.4%
1 years$883,596$875,725$868,047$860,552$853,233$827,578
2 years$437,424$429,277$421,382$413,727$406,301$380,671
3 years$288,719$280,537$272,662$265,079$257,774$232,971
4 years$214,381$206,225$198,428$190,974$183,847$160,062
5 years$169,790$161,683$153,988$146,687$139,757$117,055
6 years$140,073$132,026$124,445$117,306$110,585$88,985
7 years$118,854$110,875$103,415$96,444$89,935$69,437
8 years$102,948$95,041$87,704$80,905$74,610$55,200
9 years$90,582$82,750$75,539$68,913$62,833$44,491
10 years$80,696$72,940$65,857$59,403$53,536$36,238
11 years$72,612$64,934$57,979$51,699$46,043$29,757
12 years$65,881$58,281$51,455$45,347$39,900$24,593
13 years$60,189$52,669$45,972$40,034$34,794$20,431
14 years$55,315$47,875$41,306$35,538$30,500$17,045
15 years$51,094$43,735$37,294$31,694$26,854$14,268
16 years$47,405$40,126$33,812$28,378$23,734$11,978
17 years$44,153$36,954$30,768$25,498$21,044$10,078
18 years$41,266$34,147$28,087$22,979$18,712$8,496
19 years$38,685$31,648$25,712$20,763$16,678$7,174
20 years$36,366$29,408$23,597$18,805$14,897$6,066
21 years$34,270$27,393$21,705$17,067$13,331$5,135
22 years$32,367$25,570$20,005$15,518$11,950$4,351
23 years$30,633$23,915$18,471$14,132$10,727$3,690
24 years$29,045$22,407$17,082$12,889$9,641$3,131
25 years$27,586$21,028$15,822$11,771$8,676$2,658
26 years$26,242$19,763$14,674$10,763$7,815$2,258
27 years$25,000$18,599$13,626$9,852$7,046$1,919
28 years$23,848$17,526$12,667$9,026$6,357$1,631
29 years$22,778$16,534$11,788$8,277$5,741$1,387
30 years$21,781$15,614$10,980$7,596$5,187$1,180
31 years$20,850$14,761$10,236$6,977$4,690$1,004
32 years$19,979$13,967$9,551$6,412$4,242$854
33 years$19,162$13,227$8,917$5,896$3,839$727
34 years$18,395$12,536$8,332$5,425$3,476$619
35 years$17,674$11,890$7,790$4,994$3,148$527
36 years$16,994$11,285$7,287$4,599$2,852$448
37 years$16,353$10,718$6,821$4,238$2,585$382
38 years$15,746$10,186$6,387$3,906$2,344$325
39 years$15,172$9,686$5,984$3,602$2,125$277
40 years$14,629$9,216$5,609$3,322$1,928$236
41 years$14,113$8,772$5,259$3,065$1,749$201
42 years$13,623$8,355$4,933$2,828$1,587$171
43 years$13,157$7,960$4,629$2,611$1,440$146
44 years$12,713$7,588$4,345$2,411$1,307$124
45 years$12,290$7,236$4,080$2,226$1,187$106
46 years$11,887$6,903$3,832$2,057$1,078$90
47 years$11,503$6,587$3,600$1,900$979$77
48 years$11,135$6,288$3,383$1,756$889$65
49 years$10,783$6,005$3,180$1,623$807$56
50 years$10,447$5,736$2,990$1,500$733$47

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 $2,934 every year, while hoping to spend $31,798 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: 54/32/14 Blend
59$10,700,000$10,700,000$10,700,000$10,700,000
60$11,794,426$11,227,326$11,061,476$12,387,673
61$12,963,625$11,743,633$11,398,203$13,308,255
62$14,251,016$12,284,172$11,745,144$14,306,084
63$15,668,622$12,850,099$12,102,609$15,391,447
64$17,229,690$13,442,622$12,470,914$16,572,681
65$18,948,817$14,063,009$12,850,389$17,858,945
66$20,842,088$14,712,588$13,241,369$19,260,306
67$22,927,229$15,392,752$13,644,202$20,787,829
68$25,223,770$16,104,961$14,059,247$22,453,678
69$27,753,234$16,850,744$14,486,871$24,271,229
70$30,539,338$17,631,704$14,927,455$26,255,188
71$33,608,215$18,449,523$15,381,390$28,421,727
72$36,988,665$19,305,961$15,849,078$30,788,633
73$40,712,421$20,202,866$16,330,935$33,375,472
74$44,814,455$21,142,173$16,827,388$36,203,765
75$49,333,301$22,125,911$17,338,877$39,297,189
76$54,311,424$23,156,207$17,865,856$42,681,793
77$59,795,618$24,235,290$18,408,791$46,386,239
78$65,837,450$25,365,498$18,968,164$50,442,069
79$72,493,743$26,549,281$19,544,471$54,883,990
80$79,827,115$27,789,206$20,138,221$59,750,202
81$87,906,571$29,087,967$20,749,941$65,082,747
82$96,808,149$30,448,385$21,380,172$70,927,900
83$106,615,644$31,873,420$22,029,472$77,336,601
84$117,421,395$33,366,173$22,698,414$84,364,923
85$129,327,157$34,929,896$23,387,592$92,074,596
86$142,445,064$36,567,997$24,097,613$100,533,581
87$156,898,684$38,284,052$24,829,106$109,816,700
88$172,824,185$40,081,806$25,582,717$120,006,338
89$190,371,626$41,965,189$26,359,111$131,193,205
90$209,706,366$43,938,317$27,158,975$143,477,185
91$231,010,629$46,005,509$27,983,015$156,968,269
92$254,485,225$48,171,291$28,831,958$171,787,579
93$280,351,443$50,440,408$29,706,554$188,068,501
94$308,853,140$52,817,838$30,607,573$205,957,931
95$340,259,043$55,308,796$31,535,810$225,617,652
96$374,865,290$57,918,751$32,492,084$247,225,841
97$412,998,219$60,653,439$33,477,238$270,978,744
98$455,017,451$63,518,871$34,492,139$297,092,509
99$501,319,288$66,521,353$35,537,683$325,805,212
100$552,340,449$69,667,492$36,614,789$357,379,088