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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$883,596$875,725$868,047$860,552$853,233$841,873
2 years$437,424$429,277$421,382$413,727$406,301$394,875
3 years$288,719$280,537$272,662$265,079$257,774$246,636
4 years$214,381$206,225$198,428$190,974$183,847$173,083
5 years$169,790$161,683$153,988$146,687$139,757$129,399
6 years$140,073$132,026$124,445$117,306$110,585$100,644
7 years$118,854$110,875$103,415$96,444$89,935$80,416
8 years$102,948$95,041$87,704$80,905$74,610$65,511
9 years$90,582$82,750$75,539$68,913$62,833$54,149
10 years$80,696$72,940$65,857$59,403$53,536$45,263
11 years$72,612$64,934$57,979$51,699$46,043$38,172
12 years$65,881$58,281$51,455$45,347$39,900$32,422
13 years$60,189$52,669$45,972$40,034$34,794$27,699
14 years$55,315$47,875$41,306$35,538$30,500$23,778
15 years$51,094$43,735$37,294$31,694$26,854$20,494
16 years$47,405$40,126$33,812$28,378$23,734$17,723
17 years$44,153$36,954$30,768$25,498$21,044$15,371
18 years$41,266$34,147$28,087$22,979$18,712$13,363
19 years$38,685$31,648$25,712$20,763$16,678$11,641
20 years$36,366$29,408$23,597$18,805$14,897$10,160
21 years$34,270$27,393$21,705$17,067$13,331$8,880
22 years$32,367$25,570$20,005$15,518$11,950$7,772
23 years$30,633$23,915$18,471$14,132$10,727$6,811
24 years$29,045$22,407$17,082$12,889$9,641$5,974
25 years$27,586$21,028$15,822$11,771$8,676$5,244
26 years$26,242$19,763$14,674$10,763$7,815$4,607
27 years$25,000$18,599$13,626$9,852$7,046$4,051
28 years$23,848$17,526$12,667$9,026$6,357$3,563
29 years$22,778$16,534$11,788$8,277$5,741$3,136
30 years$21,781$15,614$10,980$7,596$5,187$2,761
31 years$20,850$14,761$10,236$6,977$4,690$2,432
32 years$19,979$13,967$9,551$6,412$4,242$2,143
33 years$19,162$13,227$8,917$5,896$3,839$1,889
34 years$18,395$12,536$8,332$5,425$3,476$1,665
35 years$17,674$11,890$7,790$4,994$3,148$1,469
36 years$16,994$11,285$7,287$4,599$2,852$1,295
37 years$16,353$10,718$6,821$4,238$2,585$1,143
38 years$15,746$10,186$6,387$3,906$2,344$1,008
39 years$15,172$9,686$5,984$3,602$2,125$890
40 years$14,629$9,216$5,609$3,322$1,928$785
41 years$14,113$8,772$5,259$3,065$1,749$693
42 years$13,623$8,355$4,933$2,828$1,587$612
43 years$13,157$7,960$4,629$2,611$1,440$540
44 years$12,713$7,588$4,345$2,411$1,307$477
45 years$12,290$7,236$4,080$2,226$1,187$421
46 years$11,887$6,903$3,832$2,057$1,078$372
47 years$11,503$6,587$3,600$1,900$979$328
48 years$11,135$6,288$3,383$1,756$889$290
49 years$10,783$6,005$3,180$1,623$807$256
50 years$10,447$5,736$2,990$1,500$733$226

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 $6,210 every year, while hoping to spend $36,976 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: 43/39/18 Blend
59$10,700,000$10,700,000$10,700,000$10,700,000
60$11,797,806$11,230,706$11,064,856$12,243,055
61$12,961,840$11,741,668$11,396,186$13,068,478
62$14,243,366$12,276,428$11,737,377$13,958,075
63$15,654,329$12,836,114$12,088,719$14,921,096
64$17,207,893$13,421,905$12,450,513$15,964,316
65$18,918,559$14,035,040$12,823,067$17,095,172
66$20,802,311$14,676,815$13,206,698$18,321,827
67$22,876,758$15,348,590$13,601,734$19,653,243
68$25,161,306$16,051,790$14,008,511$21,099,260
69$27,677,338$16,787,907$14,427,375$22,670,687
70$30,448,417$17,558,505$14,858,682$24,379,396
71$33,500,508$18,365,224$15,302,800$26,238,429
72$36,862,222$19,209,782$15,760,107$28,262,118
73$40,565,088$20,093,981$16,230,990$30,466,211
74$44,643,848$21,019,707$16,715,849$32,868,018
75$49,136,788$21,988,939$17,215,097$35,486,568
76$54,086,093$23,003,751$17,729,156$38,342,778
77$59,538,255$24,066,315$18,258,463$41,459,648
78$65,544,502$25,178,909$18,803,466$44,862,469
79$72,161,286$26,343,920$19,364,627$48,579,054
80$79,450,816$27,563,852$19,942,421$52,639,993
81$87,481,644$28,841,326$20,537,337$57,078,935
82$96,329,313$30,179,091$21,149,879$61,932,895
83$106,077,067$31,580,031$21,780,564$67,242,594
84$116,816,639$33,047,164$22,429,924$73,052,837
85$128,649,120$34,583,658$23,098,510$79,412,922
86$141,685,904$36,192,831$23,786,884$86,377,100
87$156,049,749$37,878,163$24,495,628$94,005,071
88$171,875,931$39,643,301$25,225,339$102,362,541
89$189,313,521$41,492,067$25,976,632$111,521,827
90$208,526,791$43,428,470$26,750,141$121,562,528
91$229,696,769$45,456,710$27,546,515$132,572,267
92$253,022,942$47,581,191$28,366,426$144,647,498
93$278,725,143$49,806,531$29,210,563$157,894,411
94$307,045,626$52,137,568$30,079,634$172,429,909
95$338,251,349$54,579,379$30,974,371$188,382,708
96$372,636,498$57,137,280$31,895,525$205,894,526
97$410,525,264$59,816,849$32,843,867$225,121,408
98$452,274,898$62,623,932$33,820,194$246,235,183
99$498,279,091$65,564,658$34,825,324$269,425,064
100$548,971,684$68,645,453$35,860,099$294,899,417