Can I retire at age 60 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$900,112$892,094$884,272$876,637$869,181$860,104
2 years$445,600$437,301$429,258$421,460$413,896$404,755
3 years$294,116$285,781$277,758$270,033$262,593$253,671
4 years$218,389$210,079$202,137$194,544$187,283$178,650
5 years$172,964$164,705$156,867$149,428$142,370$134,051
6 years$142,691$134,494$126,772$119,499$112,652$104,657
7 years$121,076$112,948$105,348$98,247$91,616$83,949
8 years$104,872$96,817$89,343$82,417$76,005$68,664
9 years$92,275$84,297$76,951$70,201$64,007$56,991
10 years$82,204$74,303$67,088$60,514$54,537$47,841
11 years$73,969$66,148$59,063$52,665$46,904$40,521
12 years$67,112$59,371$52,417$46,194$40,646$34,571
13 years$61,314$53,654$46,831$40,783$35,444$29,670
14 years$56,349$48,770$42,078$36,202$31,070$25,589
15 years$52,049$44,552$37,991$32,286$27,356$22,160
16 years$48,291$40,876$34,444$28,909$24,178$19,256
17 years$44,978$37,645$31,343$25,974$21,438$16,783
18 years$42,037$34,786$28,612$23,408$19,061$14,664
19 years$39,408$32,239$26,193$21,151$16,990$12,840
20 years$37,046$29,958$24,039$19,156$15,176$11,264
21 years$34,911$27,905$22,111$17,386$13,580$9,897
22 years$32,972$26,048$20,379$15,808$12,173$8,708
23 years$31,205$24,362$18,816$14,396$10,927$7,672
24 years$29,588$22,826$17,402$13,130$9,822$6,766
25 years$28,102$21,421$16,117$11,991$8,838$5,972
26 years$26,733$20,132$14,948$10,964$7,961$5,276
27 years$25,467$18,947$13,881$10,036$7,177$4,664
28 years$24,294$17,853$12,904$9,195$6,476$4,126
29 years$23,203$16,843$12,008$8,432$5,848$3,652
30 years$22,188$15,906$11,185$7,738$5,284$3,234
31 years$21,239$15,037$10,428$7,107$4,777$2,865
32 years$20,352$14,228$9,729$6,532$4,321$2,539
33 years$19,520$13,474$9,084$6,006$3,911$2,251
34 years$18,739$12,770$8,488$5,526$3,541$1,996
35 years$18,004$12,112$7,935$5,087$3,207$1,771
36 years$17,312$11,496$7,423$4,685$2,906$1,571
37 years$16,658$10,919$6,948$4,317$2,634$1,394
38 years$16,041$10,377$6,507$3,979$2,388$1,238
39 years$15,456$9,867$6,096$3,669$2,165$1,099
40 years$14,902$9,388$5,714$3,384$1,964$976
41 years$14,376$8,936$5,358$3,122$1,782$866
42 years$13,877$8,511$5,026$2,881$1,617$769
43 years$13,403$8,109$4,716$2,660$1,467$683
44 years$12,951$7,730$4,427$2,456$1,332$607
45 years$12,520$7,371$4,157$2,268$1,209$539
46 years$12,110$7,032$3,904$2,095$1,098$479
47 years$11,718$6,710$3,668$1,936$997$426
48 years$11,343$6,406$3,447$1,789$905$378
49 years$10,985$6,117$3,240$1,653$822$336
50 years$10,642$5,843$3,046$1,528$747$299

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,900,000, adding $2,678 every year, while hoping to spend $40,636 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: 30/40/30 Blend
59$10,900,000$10,900,000$10,900,000$10,900,000
60$12,014,562$11,436,862$11,267,912$12,264,372
61$13,196,811$11,954,032$11,602,151$12,978,630
62$14,498,288$12,495,181$11,946,225$13,742,726
63$15,931,110$13,061,442$12,300,420$14,563,923
64$17,508,631$13,654,001$12,665,032$15,447,224
65$19,245,564$14,274,100$13,040,363$16,398,109
66$21,158,123$14,923,042$13,426,727$17,422,582
67$23,264,172$15,602,191$13,824,443$18,527,221
68$25,583,398$16,312,979$14,233,842$19,719,237
69$28,137,493$17,056,903$14,655,264$21,006,535
70$30,950,359$17,835,534$15,089,058$22,397,785
71$34,048,338$18,650,517$15,535,583$23,902,497
72$37,460,454$19,503,577$15,995,210$25,531,106
73$41,218,689$20,396,522$16,468,319$27,295,061
74$45,358,289$21,331,245$16,955,301$29,206,930
75$49,918,089$22,309,731$17,456,559$31,280,511
76$54,940,887$23,334,060$17,972,506$33,530,952
77$60,473,841$24,406,413$18,503,569$35,974,893
78$66,568,920$25,529,074$19,050,185$38,630,608
79$73,283,389$26,704,438$19,612,806$41,518,174
80$80,680,354$27,935,015$20,191,894$44,659,650
81$88,829,354$29,223,435$20,787,926$48,079,278
82$97,807,020$30,572,454$21,401,393$51,803,701
83$107,697,795$31,984,964$22,032,799$55,862,205
84$118,594,735$33,463,992$22,682,663$60,286,986
85$130,600,384$35,012,713$23,351,518$65,113,443
86$143,827,741$36,634,455$24,039,912$70,380,499
87$158,401,332$38,332,704$24,748,410$76,130,962
88$174,458,379$40,111,117$25,477,593$82,411,911
89$192,150,097$41,973,526$26,228,056$89,275,131
90$211,643,126$43,923,948$27,000,415$96,777,588
91$233,121,096$45,966,592$27,795,299$104,981,954
92$256,786,365$48,105,872$28,613,359$113,957,182
93$282,861,929$50,346,416$29,455,262$123,779,142
94$311,593,527$52,693,071$30,321,695$134,531,323
95$343,251,958$55,150,922$31,213,362$146,305,605
96$378,135,639$57,725,299$32,130,992$159,203,105
97$416,573,423$60,421,788$33,075,329$173,335,118
98$458,927,702$63,246,245$34,047,142$188,824,146
99$505,597,826$66,204,809$35,047,220$205,805,035
100$557,023,877$69,303,918$36,076,374$224,426,230