Can I retire at age 60 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$933,143$924,831$916,722$908,807$901,078$869,453
2 years$461,952$453,349$445,011$436,926$429,085$397,555
3 years$304,909$296,268$287,951$279,943$272,229$241,785
4 years$226,403$217,789$209,555$201,683$194,156$165,031
5 years$179,311$170,749$162,623$154,912$147,594$119,865
6 years$147,927$139,429$131,424$123,884$116,786$90,473
7 years$125,519$117,093$109,214$101,852$94,979$70,077
8 years$108,720$100,370$92,622$85,441$78,794$55,283
9 years$95,662$87,390$79,775$72,777$66,356$44,206
10 years$85,221$77,030$69,550$62,734$56,538$35,712
11 years$76,684$68,575$61,231$54,598$48,625$29,080
12 years$69,575$61,550$54,341$47,890$42,137$23,827
13 years$63,564$55,623$48,550$42,279$36,745$19,620
14 years$58,417$50,560$43,622$37,531$32,210$16,221
15 years$53,959$46,187$39,385$33,471$28,360$13,454
16 years$50,063$42,376$35,708$29,970$25,065$11,189
17 years$46,629$39,027$32,493$26,927$22,224$9,325
18 years$43,580$36,062$29,662$24,267$19,761$7,786
19 years$40,855$33,422$27,154$21,927$17,613$6,510
20 years$38,405$31,057$24,921$19,859$15,732$5,450
21 years$36,192$28,929$22,922$18,024$14,079$4,567
22 years$34,182$27,004$21,126$16,388$12,620$3,831
23 years$32,350$25,256$19,506$14,925$11,328$3,215
24 years$30,673$23,664$18,040$13,612$10,182$2,700
25 years$29,133$22,207$16,709$12,431$9,162$2,269
26 years$27,714$20,871$15,497$11,367$8,253$1,907
27 years$26,402$19,642$14,390$10,404$7,441$1,604
28 years$25,185$18,509$13,377$9,532$6,714$1,349
29 years$24,055$17,461$12,449$8,741$6,063$1,135
30 years$23,002$16,490$11,596$8,022$5,478$955
31 years$22,019$15,588$10,810$7,368$4,953$804
32 years$21,099$14,750$10,086$6,771$4,480$677
33 years$20,237$13,968$9,417$6,227$4,054$570
34 years$19,427$13,239$8,799$5,729$3,671$480
35 years$18,665$12,557$8,227$5,274$3,325$404
36 years$17,947$11,918$7,696$4,857$3,012$340
37 years$17,269$11,320$7,203$4,475$2,730$287
38 years$16,629$10,758$6,745$4,125$2,475$241
39 years$16,023$10,229$6,320$3,803$2,245$203
40 years$15,449$9,732$5,923$3,508$2,036$171
41 years$14,904$9,264$5,554$3,237$1,847$144
42 years$14,387$8,823$5,210$2,987$1,676$121
43 years$13,894$8,407$4,889$2,757$1,521$102
44 years$13,426$8,013$4,589$2,546$1,381$86
45 years$12,980$7,641$4,309$2,351$1,253$73
46 years$12,554$7,290$4,047$2,172$1,138$61
47 years$12,148$6,956$3,802$2,007$1,033$52
48 years$11,759$6,641$3,573$1,854$938$43
49 years$11,388$6,342$3,358$1,714$852$37
50 years$11,033$6,058$3,157$1,584$774$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,300,000, adding $4,304 every year, while hoping to spend $48,937 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: 44/36/20 Blend
59$11,300,000$11,300,000$11,300,000$11,300,000
60$12,457,040$11,858,140$11,682,990$12,932,844
61$13,675,589$12,387,120$12,022,301$13,797,505
62$15,016,790$12,940,380$12,371,339$14,729,020
63$16,493,102$13,519,058$12,730,379$15,737,717
64$18,118,253$14,124,346$13,099,701$16,830,760
65$19,907,369$14,757,493$13,479,595$18,016,017
66$21,877,118$15,419,808$13,870,359$19,302,125
67$24,045,866$16,112,661$14,272,298$20,698,570
68$26,433,851$16,837,488$14,685,727$22,215,772
69$29,063,373$17,595,793$15,110,967$23,865,180
70$31,959,004$18,389,154$15,548,351$25,659,370
71$35,147,820$19,219,221$15,998,219$27,612,168
72$38,659,660$20,087,724$16,460,921$29,738,766
73$42,527,400$20,996,478$16,936,817$32,055,865
74$46,787,270$21,947,380$17,426,276$34,581,825
75$51,479,192$22,942,422$17,929,676$37,336,835
76$56,647,158$23,983,690$18,447,409$40,343,093
77$62,339,645$25,073,367$18,979,874$43,625,014
78$68,610,072$26,213,745$19,527,483$47,209,448
79$75,517,304$27,407,223$20,090,658$51,125,931
80$83,126,206$28,656,314$20,669,832$55,406,957
81$91,508,260$29,963,655$21,265,453$60,088,271
82$100,742,234$31,332,005$21,877,977$65,209,204
83$110,914,927$32,764,259$22,507,874$70,813,033
84$122,121,990$34,263,448$23,155,629$76,947,383
85$134,468,826$35,832,750$23,821,735$83,664,664
86$148,071,587$37,475,495$24,506,704$91,022,559
87$163,058,269$39,195,174$25,211,058$99,084,557
88$179,569,918$40,995,443$25,935,334$107,920,541
89$197,761,966$42,880,136$26,680,084$117,607,439
90$217,805,694$44,853,271$27,445,875$128,229,936
91$239,889,851$46,919,057$28,233,288$139,881,263
92$264,222,433$49,081,908$29,042,920$152,664,063
93$291,032,648$51,346,449$29,875,385$166,691,349
94$320,573,081$53,717,528$30,731,313$182,087,555
95$353,122,074$56,200,225$31,611,351$198,989,696
96$388,986,356$58,799,866$32,516,161$217,548,648
97$428,503,938$61,522,034$33,446,427$237,930,554
98$472,047,304$64,372,578$34,402,847$260,318,380
99$520,026,927$67,357,632$35,386,140$284,913,620
100$572,895,141$70,483,624$36,397,043$311,938,182