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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$900,112$892,094$884,272$876,637$869,181$840,685
2 years$445,600$437,301$429,258$421,460$413,896$385,459
3 years$294,116$285,781$277,758$270,033$262,593$235,107
4 years$218,389$210,079$202,137$194,544$187,283$160,959
5 years$172,964$164,705$156,867$149,428$142,370$117,278
6 years$142,691$134,494$126,772$119,499$112,652$88,813
7 years$121,076$112,948$105,348$98,247$91,616$69,027
8 years$104,872$96,817$89,343$82,417$76,005$54,648
9 years$92,275$84,297$76,951$70,201$64,007$43,859
10 years$82,204$74,303$67,088$60,514$54,537$35,566
11 years$73,969$66,148$59,063$52,665$46,904$29,074
12 years$67,112$59,371$52,417$46,194$40,646$23,917
13 years$61,314$53,654$46,831$40,783$35,444$19,775
14 years$56,349$48,770$42,078$36,202$31,070$16,418
15 years$52,049$44,552$37,991$32,286$27,356$13,675
16 years$48,291$40,876$34,444$28,909$24,178$11,422
17 years$44,978$37,645$31,343$25,974$21,438$9,562
18 years$42,037$34,786$28,612$23,408$19,061$8,019
19 years$39,408$32,239$26,193$21,151$16,990$6,736
20 years$37,046$29,958$24,039$19,156$15,176$5,665
21 years$34,911$27,905$22,111$17,386$13,580$4,769
22 years$32,972$26,048$20,379$15,808$12,173$4,019
23 years$31,205$24,362$18,816$14,396$10,927$3,389
24 years$29,588$22,826$17,402$13,130$9,822$2,860
25 years$28,102$21,421$16,117$11,991$8,838$2,415
26 years$26,733$20,132$14,948$10,964$7,961$2,040
27 years$25,467$18,947$13,881$10,036$7,177$1,724
28 years$24,294$17,853$12,904$9,195$6,476$1,457
29 years$23,203$16,843$12,008$8,432$5,848$1,232
30 years$22,188$15,906$11,185$7,738$5,284$1,042
31 years$21,239$15,037$10,428$7,107$4,777$881
32 years$20,352$14,228$9,729$6,532$4,321$745
33 years$19,520$13,474$9,084$6,006$3,911$631
34 years$18,739$12,770$8,488$5,526$3,541$534
35 years$18,004$12,112$7,935$5,087$3,207$452
36 years$17,312$11,496$7,423$4,685$2,906$382
37 years$16,658$10,919$6,948$4,317$2,634$324
38 years$16,041$10,377$6,507$3,979$2,388$274
39 years$15,456$9,867$6,096$3,669$2,165$232
40 years$14,902$9,388$5,714$3,384$1,964$196
41 years$14,376$8,936$5,358$3,122$1,782$166
42 years$13,877$8,511$5,026$2,881$1,617$141
43 years$13,403$8,109$4,716$2,660$1,467$119
44 years$12,951$7,730$4,427$2,456$1,332$101
45 years$12,520$7,371$4,157$2,268$1,209$85
46 years$12,110$7,032$3,904$2,095$1,098$72
47 years$11,718$6,710$3,668$1,936$997$61
48 years$11,343$6,406$3,447$1,789$905$52
49 years$10,985$6,117$3,240$1,653$822$44
50 years$10,642$5,843$3,046$1,528$747$37

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 $4,207 every year, while hoping to spend $32,353 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: 45/46/9 Blend
59$10,900,000$10,900,000$10,900,000$10,900,000
60$12,016,140$11,438,440$11,269,490$12,526,230
61$13,207,362$11,964,500$11,612,594$13,405,486
62$14,519,006$12,515,253$11,966,108$14,354,650
63$15,963,318$13,091,874$12,330,347$15,383,087
64$17,553,797$13,695,596$12,705,633$16,498,115
65$19,305,314$14,327,710$13,092,302$17,707,763
66$21,234,258$14,989,570$13,490,697$19,020,845
67$23,358,689$15,682,595$13,901,171$20,447,034
68$25,698,506$16,408,273$14,324,091$21,996,948
69$28,275,636$17,168,161$14,759,831$23,682,250
70$31,114,244$17,963,894$15,208,778$25,515,747
71$34,240,957$18,797,185$15,671,332$27,511,507
72$37,685,116$19,669,828$16,147,903$29,684,984
73$41,479,053$20,583,705$16,638,914$32,053,161
74$45,658,399$21,540,790$17,144,800$34,634,698
75$50,262,416$22,543,148$17,666,011$37,450,104
76$55,334,368$23,592,948$18,203,008$40,521,924
77$60,921,933$24,692,462$18,756,268$43,874,942
78$67,077,649$25,844,071$19,326,281$47,536,406
79$73,859,410$27,050,272$19,913,553$51,536,278
80$81,331,016$28,313,681$20,518,603$55,907,507
81$89,562,772$29,637,043$21,141,968$60,686,331
82$98,632,149$31,023,234$21,784,199$65,912,609
83$108,624,524$32,475,268$22,445,865$71,630,186
84$119,633,976$33,996,306$23,127,552$77,887,295
85$131,764,179$35,589,662$23,829,862$84,737,004
86$145,129,380$37,258,810$24,553,417$92,237,703
87$159,855,476$39,007,392$25,298,857$100,453,640
88$176,081,207$40,839,226$26,066,840$109,455,520
89$193,959,456$42,758,315$26,858,046$119,321,154
90$213,658,703$44,768,854$27,673,173$130,136,180
91$235,364,608$46,875,245$28,512,941$141,994,858
92$259,281,765$49,082,100$29,378,092$155,000,940
93$285,635,637$51,394,254$30,269,390$169,268,639
94$314,674,678$53,816,779$31,187,620$184,923,683
95$346,672,684$56,354,989$32,133,594$202,104,487
96$381,931,373$59,014,460$33,108,146$220,963,443
97$420,783,239$61,801,034$34,112,134$241,668,332
98$463,594,683$64,720,838$35,146,444$264,403,892
99$510,769,478$67,780,297$36,211,988$289,373,540
100$562,752,579$70,986,146$37,309,704$316,801,266