Can I retire at age 60 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$891,854$883,910$876,159$868,594$861,207$856,139
2 years$441,512$433,289$425,320$417,593$410,099$404,985
3 years$291,417$283,159$275,210$267,556$260,183$255,183
4 years$216,385$208,152$200,283$192,759$185,565$180,717
5 years$171,377$163,194$155,427$148,057$141,064$136,381
6 years$141,382$133,260$125,608$118,403$111,619$107,109
7 years$119,965$111,911$104,381$97,345$90,776$86,440
8 years$103,910$95,929$88,524$81,661$75,307$71,146
9 years$91,429$83,523$76,245$69,557$63,420$59,432
10 years$81,450$73,622$66,472$59,959$54,037$50,221
11 years$73,291$65,541$58,521$52,182$46,473$42,826
12 years$66,496$58,826$51,936$45,771$40,273$36,792
13 years$60,752$53,162$46,401$40,409$35,119$31,800
14 years$55,832$48,322$41,692$35,870$30,785$27,625
15 years$51,572$44,143$37,642$31,990$27,105$24,100
16 years$47,848$40,501$34,128$28,644$23,956$21,100
17 years$44,566$37,300$31,055$25,736$21,241$18,531
18 years$41,651$34,467$28,349$23,193$18,886$16,318
19 years$39,047$31,943$25,953$20,957$16,834$14,401
20 years$36,706$29,683$23,818$18,981$15,036$12,735
21 years$34,590$27,649$21,908$17,226$13,456$11,281
22 years$32,670$25,809$20,192$15,663$12,061$10,009
23 years$30,919$24,139$18,643$14,264$10,827$8,891
24 years$29,316$22,616$17,242$13,010$9,731$7,907
25 years$27,844$21,224$15,970$11,881$8,757$7,040
26 years$26,487$19,948$14,811$10,864$7,888$6,273
27 years$25,233$18,773$13,753$9,944$7,112$5,594
28 years$24,071$17,690$12,785$9,111$6,417$4,993
29 years$22,991$16,688$11,898$8,355$5,794$4,458
30 years$21,984$15,760$11,082$7,667$5,235$3,984
31 years$21,044$14,899$10,332$7,042$4,733$3,561
32 years$20,165$14,097$9,640$6,472$4,282$3,185
33 years$19,341$13,350$9,001$5,951$3,875$2,849
34 years$18,567$12,653$8,410$5,476$3,508$2,550
35 years$17,839$12,001$7,863$5,041$3,178$2,283
36 years$17,153$11,391$7,355$4,642$2,879$2,044
37 years$16,505$10,819$6,884$4,277$2,609$1,831
38 years$15,893$10,282$6,447$3,942$2,366$1,641
39 years$15,314$9,777$6,040$3,635$2,145$1,470
40 years$14,765$9,302$5,661$3,353$1,946$1,318
41 years$14,245$8,854$5,309$3,093$1,765$1,181
42 years$13,750$8,433$4,980$2,855$1,602$1,059
43 years$13,280$8,035$4,673$2,635$1,454$950
44 years$12,832$7,659$4,386$2,433$1,320$852
45 years$12,405$7,303$4,118$2,247$1,198$764
46 years$11,998$6,967$3,868$2,076$1,088$685
47 years$11,610$6,649$3,634$1,918$988$615
48 years$11,239$6,347$3,415$1,772$897$551
49 years$10,884$6,061$3,210$1,638$815$495
50 years$10,545$5,790$3,018$1,514$740$444

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,800,000, adding $2,867 every year, while hoping to spend $26,654 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: 43/34/23 Blend
59$10,800,000$10,800,000$10,800,000$10,800,000
60$11,904,557$11,332,157$11,164,757$12,336,538
61$13,090,463$11,859,073$11,510,417$13,170,722
62$14,396,437$12,410,915$11,866,763$14,071,157
63$15,834,699$12,988,875$12,234,125$15,046,214
64$17,418,713$13,594,205$12,612,843$16,102,800
65$19,163,316$14,228,216$13,003,268$17,248,497
66$21,084,858$14,892,282$13,405,761$18,491,628
67$23,201,354$15,587,844$13,820,694$19,841,333
68$25,532,656$16,316,412$14,248,452$21,307,648
69$28,100,641$17,079,571$14,689,429$22,901,600
70$30,929,416$17,878,979$15,144,034$24,635,300
71$34,045,544$18,716,377$15,612,687$26,522,057
72$37,478,300$19,593,590$16,095,823$28,576,496
73$41,259,940$20,512,529$16,593,886$30,814,691
74$45,426,012$21,475,201$17,107,339$33,254,311
75$50,015,685$22,483,706$17,636,655$35,914,779
76$55,072,127$23,540,249$18,182,325$38,817,454
77$60,642,903$24,647,140$18,744,852$41,985,818
78$66,780,431$25,806,802$19,324,756$45,445,698
79$73,542,473$27,021,774$19,922,574$49,225,499
80$80,992,682$28,294,718$20,538,857$53,356,463
81$89,201,202$29,628,425$21,174,175$57,872,961
82$98,245,330$31,025,824$21,829,115$62,812,803
83$108,210,246$32,489,981$22,504,283$68,217,592
84$119,189,816$34,024,115$23,200,301$74,133,103
85$131,287,479$35,631,598$23,917,813$80,609,707
86$144,617,223$37,315,968$24,657,481$87,702,838
87$159,304,661$39,080,931$25,419,988$95,473,503
88$175,488,217$40,930,378$26,206,038$103,988,851
89$193,320,431$42,868,383$27,016,357$113,322,791
90$212,969,403$44,899,221$27,851,693$123,556,680
91$234,620,374$47,027,375$28,712,816$134,780,080
92$258,477,479$49,257,543$29,600,522$147,091,586
93$284,765,673$51,594,653$30,515,630$160,599,748
94$313,732,851$54,043,872$31,458,984$175,424,078
95$345,652,197$56,610,616$32,431,454$191,696,165
96$380,824,751$59,300,566$33,433,938$209,560,899
97$419,582,260$62,119,679$34,467,360$229,177,828
98$462,290,307$65,074,199$35,532,673$250,722,639
99$509,351,761$68,170,677$36,630,860$274,388,805
100$561,210,580$71,415,980$37,762,933$300,389,392