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

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$924,886$916,647$908,609$900,764$893,104$885,991
2 years$457,864$449,337$441,073$433,060$425,287$418,117
3 years$302,211$293,647$285,403$277,466$269,820$262,815
4 years$224,399$215,861$207,700$199,898$192,438$185,652
5 years$177,725$169,238$161,184$153,541$146,288$139,741
6 years$146,618$138,195$130,261$122,788$115,753$109,453
7 years$124,408$116,056$108,247$100,951$94,138$88,088
8 years$107,758$99,482$91,802$84,685$78,097$72,297
9 years$94,815$86,617$79,069$72,133$65,769$60,217
10 years$84,467$76,348$68,934$62,179$56,038$50,732
11 years$76,005$67,969$60,689$54,115$48,195$43,130
12 years$68,959$61,005$53,860$47,466$41,764$36,936
13 years$63,002$55,131$48,120$41,905$36,419$31,823
14 years$57,900$50,112$43,236$37,199$31,925$27,554
15 years$53,482$45,778$39,036$33,175$28,109$23,958
16 years$49,620$42,001$35,392$29,704$24,843$20,905
17 years$46,216$38,681$32,205$26,689$22,028$18,296
18 years$43,194$35,743$29,399$24,052$19,586$16,054
19 years$40,493$33,126$26,914$21,733$17,457$14,118
20 years$38,065$30,783$24,700$19,684$15,593$12,440
21 years$35,871$28,673$22,719$17,864$13,954$10,979
22 years$33,880$26,765$20,939$16,243$12,508$9,704
23 years$32,064$25,033$19,334$14,793$11,228$8,588
24 years$30,402$23,454$17,881$13,492$10,092$7,609
25 years$28,875$22,010$16,561$12,321$9,081$6,748
26 years$27,468$20,686$15,359$11,266$8,180$5,989
27 years$26,168$19,468$14,263$10,312$7,375$5,320
28 years$24,962$18,345$13,259$9,448$6,655$4,729
29 years$23,842$17,306$12,339$8,664$6,009$4,206
30 years$22,798$16,344$11,493$7,951$5,429$3,743
31 years$21,824$15,450$10,715$7,303$4,909$3,332
32 years$20,912$14,619$9,997$6,711$4,440$2,968
33 years$20,058$13,845$9,334$6,172$4,018$2,644
34 years$19,255$13,122$8,721$5,679$3,638$2,357
35 years$18,500$12,446$8,154$5,227$3,295$2,101
36 years$17,788$11,813$7,628$4,814$2,986$1,874
37 years$17,117$11,219$7,139$4,436$2,706$1,671
38 years$16,482$10,662$6,686$4,089$2,453$1,491
39 years$15,881$10,139$6,264$3,770$2,225$1,331
40 years$15,312$9,646$5,871$3,477$2,018$1,188
41 years$14,772$9,182$5,505$3,208$1,831$1,060
42 years$14,259$8,745$5,164$2,961$1,661$946
43 years$13,771$8,332$4,846$2,733$1,508$845
44 years$13,307$7,942$4,549$2,524$1,368$754
45 years$12,865$7,574$4,271$2,331$1,242$674
46 years$12,443$7,225$4,011$2,153$1,128$602
47 years$12,040$6,895$3,769$1,989$1,024$537
48 years$11,655$6,582$3,541$1,838$930$480
49 years$11,287$6,286$3,329$1,698$845$429
50 years$10,935$6,004$3,130$1,570$767$383

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 $5,774 every year, while hoping to spend $33,475 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: 68/8/24 Blend
59$11,200,000$11,200,000$11,200,000$11,200,000
60$12,348,356$11,754,756$11,581,156$13,111,929
61$13,572,271$12,295,122$11,933,507$14,165,207
62$14,919,904$12,860,844$12,296,541$15,312,683
63$16,403,837$13,453,129$12,670,579$16,567,258
64$18,037,939$14,073,242$13,055,953$17,939,514
65$19,837,487$14,722,509$13,453,006$19,441,095
66$21,819,319$15,402,321$13,862,090$21,084,823
67$24,001,988$16,114,133$14,283,568$22,884,813
68$26,405,938$16,859,472$14,717,815$24,856,606
69$29,053,696$17,639,939$15,165,215$27,017,313
70$31,970,088$18,457,211$15,626,164$29,385,777
71$35,182,469$19,313,046$16,101,073$31,982,746
72$38,720,983$20,209,288$16,590,361$34,831,066
73$42,618,847$21,147,867$17,094,462$37,955,901
74$46,912,666$22,130,808$17,613,822$41,384,960
75$51,642,775$23,160,235$18,148,902$45,148,761
76$56,853,623$24,238,371$18,700,175$49,280,918
77$62,594,191$25,367,550$19,268,130$53,818,452
78$68,918,454$26,550,216$19,853,268$58,802,139
79$75,885,891$27,788,931$20,456,107$64,276,893
80$83,562,046$29,086,383$21,077,181$70,292,189
81$92,019,147$30,445,388$21,717,038$76,902,525
82$101,336,785$31,868,897$22,376,245$84,167,930
83$111,602,671$33,360,007$23,055,382$92,154,536
84$122,913,457$34,921,961$23,755,052$100,935,193
85$135,375,654$36,558,161$24,475,870$110,590,153
86$149,106,633$38,272,174$25,218,474$121,207,827
87$164,235,736$40,067,737$25,983,520$132,885,615
88$180,905,495$41,948,769$26,771,681$145,730,822
89$199,272,977$43,919,380$27,583,654$159,861,664
90$219,511,268$45,983,878$28,420,154$175,408,386
91$241,811,108$48,146,778$29,281,919$192,514,481
92$266,382,686$50,412,815$30,169,709$211,338,043
93$293,457,631$52,786,954$31,084,305$232,053,256
94$323,291,193$55,274,399$32,026,513$254,852,032
95$356,164,657$57,880,606$32,997,163$279,945,818
96$392,387,993$60,611,297$33,997,109$307,567,585
97$432,302,788$63,472,470$35,027,232$337,974,027
98$476,285,465$66,470,414$36,088,437$371,447,974
99$524,750,840$69,611,723$37,181,658$408,301,056
100$578,156,039$72,903,309$38,307,856$448,876,644