Can I retire at age 60 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$924,886$916,647$908,609$900,764$893,104$885,251
2 years$457,864$449,337$441,073$433,060$425,287$417,374
3 years$302,211$293,647$285,403$277,466$269,820$262,092
4 years$224,399$215,861$207,700$199,898$192,438$184,954
5 years$177,725$169,238$161,184$153,541$146,288$139,071
6 years$146,618$138,195$130,261$122,788$115,753$108,811
7 years$124,408$116,056$108,247$100,951$94,138$87,474
8 years$107,758$99,482$91,802$84,685$78,097$71,711
9 years$94,815$86,617$79,069$72,133$65,769$59,660
10 years$84,467$76,348$68,934$62,179$56,038$50,202
11 years$76,005$67,969$60,689$54,115$48,195$42,627
12 years$68,959$61,005$53,860$47,466$41,764$36,460
13 years$63,002$55,131$48,120$41,905$36,419$31,372
14 years$57,900$50,112$43,236$37,199$31,925$27,128
15 years$53,482$45,778$39,036$33,175$28,109$23,556
16 years$49,620$42,001$35,392$29,704$24,843$20,526
17 years$46,216$38,681$32,205$26,689$22,028$17,939
18 years$43,194$35,743$29,399$24,052$19,586$15,719
19 years$40,493$33,126$26,914$21,733$17,457$13,803
20 years$38,065$30,783$24,700$19,684$15,593$12,145
21 years$35,871$28,673$22,719$17,864$13,954$10,703
22 years$33,880$26,765$20,939$16,243$12,508$9,446
23 years$32,064$25,033$19,334$14,793$11,228$8,347
24 years$30,402$23,454$17,881$13,492$10,092$7,384
25 years$28,875$22,010$16,561$12,321$9,081$6,538
26 years$27,468$20,686$15,359$11,266$8,180$5,794
27 years$26,168$19,468$14,263$10,312$7,375$5,139
28 years$24,962$18,345$13,259$9,448$6,655$4,560
29 years$23,842$17,306$12,339$8,664$6,009$4,050
30 years$22,798$16,344$11,493$7,951$5,429$3,598
31 years$21,824$15,450$10,715$7,303$4,909$3,198
32 years$20,912$14,619$9,997$6,711$4,440$2,843
33 years$20,058$13,845$9,334$6,172$4,018$2,529
34 years$19,255$13,122$8,721$5,679$3,638$2,251
35 years$18,500$12,446$8,154$5,227$3,295$2,003
36 years$17,788$11,813$7,628$4,814$2,986$1,783
37 years$17,117$11,219$7,139$4,436$2,706$1,588
38 years$16,482$10,662$6,686$4,089$2,453$1,414
39 years$15,881$10,139$6,264$3,770$2,225$1,260
40 years$15,312$9,646$5,871$3,477$2,018$1,122
41 years$14,772$9,182$5,505$3,208$1,831$1,000
42 years$14,259$8,745$5,164$2,961$1,661$891
43 years$13,771$8,332$4,846$2,733$1,508$794
44 years$13,307$7,942$4,549$2,524$1,368$708
45 years$12,865$7,574$4,271$2,331$1,242$631
46 years$12,443$7,225$4,011$2,153$1,128$563
47 years$12,040$6,895$3,769$1,989$1,024$502
48 years$11,655$6,582$3,541$1,838$930$447
49 years$11,287$6,286$3,329$1,698$845$399
50 years$10,935$6,004$3,130$1,570$767$356

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,200,000, adding $4,208 every year, while hoping to spend $53,753 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: 75/14/11 Blend
59$11,200,000$11,200,000$11,200,000$11,200,000
60$12,346,741$11,753,141$11,579,541$13,246,690
61$13,548,915$12,271,852$11,910,262$14,359,419
62$14,871,910$12,814,178$12,250,262$15,571,330
63$16,327,993$13,381,220$12,599,793$16,897,956
64$17,930,678$13,974,130$12,959,116$18,350,667
65$19,694,861$14,594,116$13,328,500$19,941,981
66$21,636,950$15,242,441$13,708,219$21,685,676
67$23,775,029$15,920,431$14,098,554$23,596,927
68$26,129,022$16,629,472$14,499,795$25,692,435
69$28,720,884$17,371,018$14,912,240$27,990,596
70$31,574,806$18,146,590$15,336,193$30,511,662
71$34,717,448$18,957,784$15,771,966$33,277,935
72$38,178,181$19,806,270$16,219,881$36,313,975
73$41,989,376$20,693,797$16,680,267$39,646,830
74$46,186,699$21,622,200$17,153,463$43,306,285
75$50,809,453$22,593,398$17,639,814$47,325,146
76$55,900,946$23,609,403$18,139,677$51,739,545
77$61,508,903$24,672,324$18,653,416$56,589,276
78$67,685,912$25,784,370$19,181,407$61,918,172
79$74,489,924$26,947,853$19,724,033$67,774,511
80$81,984,797$28,165,198$20,281,689$74,211,474
81$90,240,899$29,438,945$20,854,778$81,287,639
82$99,335,773$30,771,757$21,443,716$89,067,534
83$109,354,870$32,166,420$22,048,928$97,622,242
84$120,392,350$33,625,858$22,670,851$107,030,066
85$132,551,976$35,153,132$23,309,931$117,377,266
86$145,948,092$36,751,449$23,966,628$128,758,871
87$160,706,699$38,424,173$24,641,412$141,279,570
88$176,966,650$40,174,824$25,334,766$155,054,695
89$194,880,953$42,007,096$26,047,186$170,211,308
90$214,618,222$43,924,855$26,779,179$186,889,393
91$236,364,264$45,932,156$27,531,264$205,243,176
92$260,323,835$48,033,247$28,303,977$225,442,570
93$286,722,569$50,232,580$29,097,864$247,674,781
94$315,809,114$52,534,819$29,913,485$272,146,065
95$347,857,473$54,944,855$30,751,416$299,083,668
96$383,169,594$57,467,811$31,612,247$328,737,970
97$422,078,216$60,109,057$32,496,581$361,384,840
98$464,950,016$62,874,223$33,405,038$397,328,232
99$512,189,063$65,769,206$34,338,253$436,903,048
100$564,240,639$68,800,188$35,296,876$480,478,296