Can I retire at age 60 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$908,370$900,278$892,384$884,679$877,155$853,183
2 years$449,688$441,313$433,196$425,327$417,693$393,716
3 years$296,814$288,403$280,307$272,511$265,002$241,771
4 years$220,392$212,007$203,991$196,329$189,001$166,695
5 years$174,551$166,216$158,306$150,799$143,676$122,356
6 years$144,000$135,728$127,935$120,595$113,686$93,372
7 years$122,187$113,984$106,314$99,148$92,457$73,150
8 years$105,834$97,705$90,163$83,173$76,702$58,392
9 years$93,122$85,070$77,657$70,845$64,594$47,264
10 years$82,958$74,985$67,703$61,069$55,037$38,665
11 years$74,648$66,755$59,605$53,148$47,334$31,894
12 years$67,728$59,915$52,898$46,618$41,019$26,481
13 years$61,877$54,146$47,261$41,157$35,769$22,104
14 years$56,866$49,217$42,464$36,534$31,355$18,529
15 years$52,527$44,961$38,339$32,582$27,607$15,588
16 years$48,734$41,251$34,760$29,174$24,400$13,151
17 years$45,391$37,990$31,630$26,213$21,634$11,122
18 years$42,423$35,105$28,874$23,623$19,236$9,425
19 years$39,770$32,535$26,433$21,345$17,146$8,001
20 years$37,386$30,233$24,259$19,332$15,315$6,801
21 years$35,231$28,161$22,314$17,545$13,705$5,788
22 years$33,275$26,287$20,566$15,953$12,285$4,931
23 years$31,491$24,586$18,989$14,528$11,027$4,205
24 years$29,859$23,035$17,561$13,251$9,912$3,588
25 years$28,360$21,617$16,265$12,101$8,919$3,064
26 years$26,978$20,317$15,085$11,065$8,034$2,617
27 years$25,701$19,121$14,008$10,128$7,243$2,237
28 years$24,517$18,017$13,022$9,279$6,536$1,912
29 years$23,416$16,997$12,118$8,509$5,902$1,636
30 years$22,391$16,052$11,288$7,809$5,332$1,399
31 years$21,434$15,175$10,523$7,172$4,821$1,197
32 years$20,539$14,358$9,818$6,592$4,361$1,025
33 years$19,699$13,597$9,167$6,061$3,947$877
34 years$18,911$12,887$8,565$5,577$3,573$751
35 years$18,169$12,223$8,008$5,134$3,236$643
36 years$17,471$11,602$7,491$4,728$2,932$551
37 years$16,811$11,019$7,012$4,357$2,658$472
38 years$16,188$10,472$6,566$4,016$2,409$404
39 years$15,598$9,958$6,152$3,702$2,185$346
40 years$15,039$9,474$5,766$3,415$1,982$296
41 years$14,508$9,018$5,407$3,151$1,798$254
42 years$14,005$8,589$5,072$2,908$1,632$217
43 years$13,526$8,183$4,759$2,684$1,481$186
44 years$13,070$7,801$4,467$2,478$1,344$160
45 years$12,635$7,439$4,195$2,289$1,220$137
46 years$12,221$7,096$3,940$2,114$1,108$117
47 years$11,825$6,772$3,701$1,953$1,006$100
48 years$11,447$6,465$3,478$1,805$914$86
49 years$11,086$6,173$3,269$1,668$830$74
50 years$10,740$5,897$3,074$1,542$754$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,000,000, adding $6,864 every year, while hoping to spend $38,972 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: 40/33/27 Blend
59$11,000,000$11,000,000$11,000,000$11,000,000
60$12,129,080$11,546,080$11,375,580$12,517,237
61$13,324,780$12,070,372$11,715,196$13,323,768
62$14,641,136$12,619,048$12,064,883$14,191,618
63$16,090,412$13,193,262$12,424,937$15,129,795
64$17,686,125$13,794,223$12,795,664$16,144,761
65$19,443,167$14,423,197$13,177,376$17,243,606
66$21,377,949$15,081,513$13,570,396$18,434,115
67$23,508,553$15,770,560$13,975,058$19,724,832
68$25,854,906$16,491,797$14,391,702$21,125,142
69$28,438,963$17,246,753$14,820,682$22,645,349
70$31,284,921$18,037,027$15,262,358$24,296,774
71$34,419,439$18,864,297$15,717,103$26,091,854
72$37,871,897$19,730,323$16,185,301$28,044,256
73$41,674,669$20,636,947$16,667,347$30,168,997
74$45,863,428$21,586,100$17,163,646$32,482,586
75$50,477,485$22,579,808$17,674,616$35,003,167
76$55,560,161$23,620,190$18,200,688$37,750,690
77$61,159,189$24,709,471$18,742,302$40,747,090
78$67,327,173$25,849,982$19,299,916$44,016,489
79$74,122,078$27,044,164$19,873,997$47,585,414
80$81,607,781$28,294,579$20,465,026$51,483,042
81$89,854,670$29,603,910$21,073,501$55,741,469
82$98,940,314$30,974,969$21,699,931$60,396,003
83$108,950,189$32,410,704$22,344,841$65,485,488
84$119,978,486$33,914,207$23,008,771$71,052,666
85$132,129,004$35,488,715$23,692,277$77,144,567
86$145,516,125$37,137,625$24,395,931$83,812,946
87$160,265,896$38,864,495$25,120,321$91,114,760
88$176,517,219$40,673,057$25,866,053$99,112,699
89$194,423,158$42,567,220$26,633,749$107,875,761
90$214,152,391$44,551,084$27,424,051$117,479,896
91$235,890,795$46,628,947$28,237,616$128,008,712
92$259,843,204$48,805,314$29,075,125$139,554,248
93$286,235,343$51,084,906$29,937,273$152,217,832
94$315,315,956$53,472,675$30,824,780$166,111,027
95$347,359,157$55,973,809$31,738,383$181,356,664
96$382,667,014$58,593,749$32,678,843$198,089,991
97$421,572,406$61,338,199$33,646,940$216,459,932
98$464,442,159$64,213,138$34,643,480$236,630,479
99$511,680,511$67,224,834$35,669,288$258,782,222
100$563,732,930$70,379,858$36,725,217$283,114,035