Can I retire at age 60 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$916,628$908,463$900,497$892,722$885,130$855,086
2 years$453,776$445,325$437,134$429,193$421,490$391,523
3 years$299,512$291,025$282,855$274,988$267,411$238,461
4 years$222,396$213,934$205,846$198,114$190,720$163,008
5 years$176,138$167,727$159,745$152,170$144,982$118,583
6 years$145,309$136,962$129,098$121,692$114,719$89,654
7 years$123,297$115,020$107,281$100,049$93,298$69,561
8 years$106,796$98,593$90,983$83,929$77,399$54,974
9 years$93,968$85,843$78,363$71,489$65,181$44,039
10 years$83,712$75,667$68,319$61,624$55,538$35,645
11 years$75,327$67,362$60,147$53,631$47,764$29,082
12 years$68,343$60,460$53,379$47,042$41,392$23,876
13 years$62,439$54,638$47,690$41,531$36,094$19,701
14 years$57,383$49,665$42,850$36,867$31,640$16,322
15 years$53,004$45,370$38,688$32,879$27,858$13,567
16 years$49,177$41,626$35,076$29,439$24,621$11,307
17 years$45,804$38,336$31,918$26,451$21,831$9,444
18 years$42,808$35,424$29,137$23,838$19,411$7,903
19 years$40,132$32,831$26,673$21,539$17,302$6,623
20 years$37,725$30,508$24,480$19,508$15,454$5,557
21 years$35,551$28,417$22,517$17,705$13,830$4,668
22 years$33,577$26,526$20,752$16,098$12,396$3,925
23 years$31,778$24,809$19,161$14,660$11,128$3,302
24 years$30,131$23,245$17,721$13,371$10,002$2,780
25 years$28,618$21,814$16,413$12,211$9,000$2,341
26 years$27,223$20,502$15,222$11,165$8,107$1,973
27 years$25,934$19,294$14,135$10,220$7,309$1,663
28 years$24,739$18,181$13,141$9,364$6,595$1,402
29 years$23,629$17,152$12,228$8,587$5,955$1,183
30 years$22,595$16,198$11,390$7,880$5,381$998
31 years$21,629$15,312$10,619$7,238$4,865$842
32 years$20,726$14,489$9,908$6,652$4,401$710
33 years$19,878$13,721$9,251$6,117$3,983$600
34 years$19,083$13,004$8,643$5,628$3,606$506
35 years$18,335$12,334$8,081$5,181$3,266$427
36 years$17,629$11,707$7,560$4,771$2,959$361
37 years$16,964$11,119$7,076$4,396$2,682$305
38 years$16,335$10,567$6,626$4,052$2,431$257
39 years$15,740$10,048$6,208$3,736$2,205$217
40 years$15,175$9,560$5,819$3,446$2,000$183
41 years$14,640$9,100$5,456$3,179$1,814$155
42 years$14,132$8,667$5,118$2,934$1,646$131
43 years$13,649$8,258$4,802$2,709$1,494$110
44 years$13,188$7,871$4,508$2,501$1,356$93
45 years$12,750$7,506$4,233$2,310$1,231$79
46 years$12,332$7,161$3,976$2,134$1,118$67
47 years$11,933$6,833$3,735$1,971$1,015$56
48 years$11,551$6,523$3,510$1,821$922$47
49 years$11,186$6,229$3,299$1,683$837$40
50 years$10,837$5,951$3,102$1,556$760$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,100,000, adding $3,962 every year, while hoping to spend $43,438 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: 45/41/14 Blend
59$11,100,000$11,100,000$11,100,000$11,100,000
60$12,236,287$11,647,987$11,475,937$12,737,822
61$13,438,170$12,172,520$11,814,163$13,611,926
62$14,761,190$12,721,300$12,162,264$14,554,506
63$16,217,656$13,295,469$12,520,524$15,575,654
64$17,821,133$13,896,223$12,889,238$16,682,655
65$19,586,566$14,524,815$13,268,705$17,883,503
66$21,530,426$15,182,561$13,659,236$19,186,975
67$23,670,859$15,870,836$14,061,151$20,602,710
68$26,027,863$16,591,083$14,474,775$22,141,290
69$28,623,472$17,344,814$14,900,447$23,814,343
70$31,481,968$18,133,611$15,338,514$25,634,640
71$34,630,105$18,959,135$15,789,331$27,616,216
72$38,097,367$19,823,124$16,253,265$29,774,491
73$41,916,242$20,727,400$16,730,693$32,126,416
74$46,122,531$21,673,875$17,222,003$34,690,620
75$50,755,682$22,664,547$17,727,593$37,487,586
76$55,859,166$23,701,515$18,247,872$40,539,832
77$61,480,888$24,786,977$18,783,263$43,872,119
78$67,673,635$25,923,234$19,334,198$47,511,679
79$74,495,575$27,112,702$19,901,123$51,488,460
80$82,010,808$28,357,909$20,484,495$55,835,403
81$90,289,971$29,661,507$21,084,786$60,588,746
82$99,410,901$31,026,274$21,702,480$65,788,354
83$109,459,374$32,455,123$22,338,074$71,478,086
84$120,529,911$33,951,105$22,992,080$77,706,204
85$132,726,672$35,517,418$23,665,025$84,525,812
86$146,164,437$37,157,417$24,357,448$91,995,350
87$160,969,694$38,874,614$25,069,906$100,179,135
88$177,281,826$40,672,693$25,802,971$109,147,955
89$195,254,431$42,555,515$26,557,230$118,979,724
90$215,056,774$44,527,125$27,333,288$129,760,209
91$236,875,376$46,591,766$28,131,764$141,583,819
92$260,915,784$48,753,882$28,953,298$154,554,491
93$287,404,507$51,018,135$29,798,546$168,786,649
94$316,591,151$53,389,408$30,668,182$184,406,272
95$348,750,781$55,872,822$31,562,899$201,552,067
96$384,186,515$58,473,744$32,483,411$220,376,763
97$423,232,383$61,197,801$33,430,448$241,048,530
98$466,256,484$64,050,891$34,404,766$263,752,555
99$513,664,456$67,039,195$35,407,136$288,692,765
100$565,903,310$70,169,195$36,438,355$316,093,736