Can I retire at age 60 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$941,401$933,016$924,835$916,849$909,052$881,011
2 years$466,040$457,361$448,949$440,793$432,882$404,876
3 years$307,607$298,890$290,500$282,420$274,638$247,546
4 years$228,406$219,716$211,409$203,468$195,874$169,904
5 years$180,898$172,260$164,062$156,283$148,900$124,121
6 years$149,236$140,663$132,587$124,981$117,820$94,254
7 years$126,630$118,129$110,180$102,754$95,819$73,465
8 years$109,682$101,258$93,442$86,197$79,491$58,334
9 years$96,508$88,163$80,481$73,421$66,943$46,959
10 years$85,975$77,712$70,165$63,290$57,039$38,200
11 years$77,362$69,182$61,772$55,081$49,055$31,328
12 years$70,191$62,094$54,821$48,313$42,510$25,858
13 years$64,127$56,115$48,979$42,653$37,070$21,452
14 years$58,934$51,007$44,008$37,863$32,495$17,872
15 years$54,437$46,596$39,733$33,767$28,611$14,939
16 years$50,506$42,751$36,024$30,235$25,287$12,523
17 years$47,042$39,372$32,781$27,166$22,421$10,522
18 years$43,965$36,381$29,924$24,482$19,936$8,857
19 years$41,216$33,718$27,394$22,121$17,769$7,468
20 years$38,745$31,332$25,141$20,035$15,872$6,305
21 years$36,512$29,185$23,125$18,183$14,203$5,329
22 years$34,485$27,243$21,313$16,533$12,731$4,508
23 years$32,637$25,480$19,679$15,057$11,428$3,817
24 years$30,945$23,873$18,200$13,733$10,272$3,234
25 years$29,391$22,404$16,857$12,541$9,243$2,741
26 years$27,959$21,056$15,634$11,467$8,326$2,325
27 years$26,635$19,816$14,517$10,496$7,507$1,972
28 years$25,408$18,672$13,496$9,617$6,773$1,674
29 years$24,268$17,615$12,559$8,819$6,116$1,421
30 years$23,205$16,636$11,698$8,093$5,526$1,207
31 years$22,214$15,726$10,906$7,433$4,996$1,025
32 years$21,286$14,880$10,175$6,831$4,520$871
33 years$20,416$14,092$9,501$6,282$4,090$740
34 years$19,599$13,356$8,877$5,780$3,703$629
35 years$18,830$12,668$8,299$5,321$3,354$534
36 years$18,106$12,024$7,764$4,900$3,039$454
37 years$17,422$11,420$7,267$4,515$2,754$386
38 years$16,776$10,853$6,805$4,162$2,497$328
39 years$16,165$10,320$6,376$3,837$2,264$279
40 years$15,586$9,819$5,976$3,539$2,054$237
41 years$15,036$9,346$5,603$3,265$1,863$202
42 years$14,514$8,901$5,256$3,014$1,691$171
43 years$14,017$8,481$4,932$2,782$1,535$146
44 years$13,545$8,084$4,630$2,569$1,393$124
45 years$13,095$7,709$4,347$2,372$1,264$105
46 years$12,665$7,354$4,083$2,191$1,148$90
47 years$12,255$7,018$3,836$2,024$1,043$76
48 years$11,863$6,700$3,605$1,871$947$65
49 years$11,489$6,398$3,388$1,729$860$55
50 years$11,130$6,111$3,185$1,598$781$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,400,000, adding $2,461 every year, while hoping to spend $57,790 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: 80/10/10 Blend
59$11,400,000$11,400,000$11,400,000$11,400,000
60$12,565,339$11,961,139$11,784,439$13,550,020
61$13,785,515$12,485,746$12,117,729$14,720,957
62$15,128,212$13,034,123$12,460,248$15,997,777
63$16,605,867$13,607,372$12,812,243$17,397,170
64$18,232,182$14,206,649$13,173,970$18,931,362
65$20,022,255$14,833,166$13,545,688$20,613,821
66$21,992,723$15,488,189$13,927,667$22,459,371
67$24,161,917$16,173,046$14,320,180$24,484,344
68$26,550,036$16,889,129$14,723,509$26,706,720
69$29,179,336$17,637,892$15,137,943$29,146,304
70$32,074,342$18,420,863$15,563,779$31,824,909
71$35,262,079$19,239,640$16,001,319$34,766,557
72$38,772,324$20,095,894$16,450,876$37,997,709
73$42,637,889$20,991,382$16,912,768$41,547,509
74$46,894,932$21,927,937$17,387,324$45,448,061
75$51,583,294$22,907,486$17,874,879$49,734,725
76$56,746,880$23,932,042$18,375,777$54,446,454
77$62,434,067$25,003,717$18,890,371$59,626,157
78$68,698,165$26,124,723$19,419,022$65,321,102
79$75,597,920$27,297,377$19,962,101$71,583,360
80$83,198,066$28,524,106$20,519,989$78,470,294
81$91,569,934$29,807,453$21,093,075$86,045,098
82$100,792,132$31,150,083$21,681,757$94,377,393
83$110,951,279$32,554,786$22,286,445$103,543,879
84$122,142,827$34,024,488$22,907,559$113,629,056
85$134,471,960$35,562,253$23,545,527$124,726,020
86$148,054,587$37,171,290$24,200,789$136,937,340
87$163,018,437$38,854,966$24,873,798$150,376,021
88$179,504,261$40,616,803$25,565,013$165,166,567
89$197,667,165$42,460,495$26,274,910$181,446,156
90$217,678,069$44,389,912$27,003,973$199,365,928
91$239,725,324$46,409,110$27,752,698$219,092,411
92$264,016,488$48,522,338$28,521,595$240,809,085
93$290,780,285$50,734,047$29,311,183$264,718,116
94$320,268,764$53,048,905$30,121,998$291,042,255
95$352,759,678$55,471,802$30,954,585$320,026,939
96$388,559,105$58,007,860$31,809,503$351,942,602
97$428,004,339$60,662,450$32,687,327$387,087,225
98$471,467,071$63,441,200$33,588,642$425,789,143
99$519,356,900$66,350,007$34,514,049$468,410,139
100$572,125,198$69,395,051$35,464,164$515,348,855