Can I retire at age 60 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$949,659$941,200$932,947$924,892$917,026$894,494
2 years$470,128$461,373$452,887$444,660$436,679$414,118
3 years$310,306$301,512$293,048$284,898$277,047$255,162
4 years$230,410$221,643$213,264$205,253$197,592$176,551
5 years$182,485$173,771$165,501$157,654$150,207$130,068
6 years$150,546$141,897$133,750$126,077$118,853$99,638
7 years$127,741$119,165$111,147$103,655$96,660$78,369
8 years$110,645$102,146$94,261$86,953$80,188$62,815
9 years$97,355$88,937$81,187$74,065$67,530$51,060
10 years$86,729$78,393$70,781$63,845$57,539$41,953
11 years$78,041$69,789$62,314$55,564$49,486$34,761
12 years$70,806$62,639$55,302$48,737$42,883$28,995
13 years$64,689$56,607$49,409$43,028$37,395$24,316
14 years$59,451$51,454$44,394$38,195$32,780$20,482
15 years$54,914$47,005$40,082$34,063$28,862$17,315
16 years$50,949$43,126$36,340$30,500$25,509$14,682
17 years$47,454$39,717$33,068$27,404$22,618$12,480
18 years$44,351$36,701$30,187$24,697$20,111$10,631
19 years$41,578$34,014$27,635$22,315$17,925$9,072
20 years$39,085$31,607$25,362$20,211$16,011$7,753
21 years$36,832$29,441$23,328$18,343$14,328$6,634
22 years$34,787$27,482$21,500$16,678$12,843$5,682
23 years$32,923$25,703$19,852$15,189$11,529$4,872
24 years$31,216$24,082$18,359$13,853$10,362$4,180
25 years$29,649$22,600$17,005$12,651$9,324$3,589
26 years$28,204$21,240$15,771$11,568$8,399$3,084
27 years$26,869$19,990$14,645$10,588$7,572$2,650
28 years$25,631$18,836$13,614$9,701$6,833$2,279
29 years$24,481$17,770$12,669$8,896$6,170$1,960
30 years$23,409$16,782$11,801$8,164$5,575$1,687
31 years$22,408$15,864$11,002$7,498$5,040$1,452
32 years$21,472$15,011$10,265$6,891$4,559$1,250
33 years$20,595$14,215$9,584$6,337$4,126$1,076
34 years$19,771$13,473$8,955$5,831$3,736$927
35 years$18,995$12,779$8,372$5,367$3,384$798
36 years$18,265$12,129$7,832$4,943$3,066$688
37 years$17,575$11,520$7,331$4,555$2,779$592
38 years$16,923$10,948$6,865$4,198$2,519$510
39 years$16,307$10,410$6,432$3,871$2,284$440
40 years$15,722$9,905$6,028$3,570$2,072$379
41 years$15,168$9,428$5,653$3,294$1,880$327
42 years$14,641$8,979$5,302$3,040$1,706$281
43 years$14,140$8,555$4,976$2,806$1,548$243
44 years$13,664$8,155$4,670$2,591$1,405$209
45 years$13,209$7,777$4,385$2,393$1,276$180
46 years$12,776$7,419$4,119$2,210$1,158$155
47 years$12,363$7,080$3,870$2,042$1,052$134
48 years$11,967$6,758$3,636$1,887$955$115
49 years$11,590$6,454$3,418$1,744$867$99
50 years$11,228$6,165$3,213$1,612$788$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,500,000, adding $2,513 every year, while hoping to spend $21,982 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: 49/31/20 Blend
59$11,500,000$11,500,000$11,500,000$11,500,000
60$12,675,592$12,066,092$11,887,842$13,225,369
61$13,945,114$12,633,942$12,262,696$14,174,894
62$15,343,390$13,228,880$12,649,371$15,203,382
63$16,883,530$13,852,209$13,048,240$16,320,228
64$18,579,981$14,505,298$13,459,686$17,533,758
65$20,448,662$15,189,580$13,884,108$18,853,116
66$22,507,113$15,906,558$14,321,914$20,288,347
67$24,774,667$16,657,807$14,773,526$21,850,489
68$27,272,623$17,444,980$15,239,379$23,551,672
69$30,024,455$18,269,809$15,719,923$25,405,227
70$33,056,031$19,134,110$16,215,622$27,425,808
71$36,395,852$20,039,788$16,726,952$29,629,524
72$40,075,332$20,988,840$17,254,407$32,034,089
73$44,129,081$21,983,359$17,798,495$34,658,978
74$48,595,245$23,025,541$18,359,742$37,525,610
75$53,515,854$24,117,687$18,938,688$40,657,543
76$58,937,228$25,262,210$19,535,891$44,080,688
77$64,910,409$26,461,643$20,151,927$47,823,549
78$71,491,645$27,718,637$20,787,390$51,917,483
79$78,742,918$29,035,976$21,442,893$56,396,993
80$86,732,534$30,416,576$22,119,068$61,300,042
81$95,535,762$31,863,499$22,816,567$66,668,402
82$105,235,550$33,379,950$23,536,062$72,548,046
83$115,923,303$34,969,294$24,278,247$78,989,569
84$127,699,749$36,635,059$25,043,837$86,048,657
85$140,675,889$38,380,943$25,833,572$93,786,603
86$154,974,045$40,210,824$26,648,211$102,270,878
87$170,729,012$42,128,769$27,488,541$111,575,753
88$188,089,337$44,139,044$28,355,373$121,782,995
89$207,218,712$46,246,120$29,249,540$132,982,622
90$228,297,528$48,454,687$30,171,907$145,273,744
91$251,524,572$50,769,663$31,123,362$158,765,486
92$277,118,906$53,196,205$32,104,823$173,578,004
93$305,321,936$55,739,720$33,117,236$189,843,606
94$336,399,687$58,405,880$34,161,577$207,707,987
95$370,645,318$61,200,631$35,238,853$227,331,588
96$408,381,889$64,130,211$36,350,103$248,891,099
97$449,965,409$67,201,158$37,496,399$272,581,106
98$495,788,198$70,420,332$38,678,845$298,615,912
99$546,282,590$73,794,924$39,898,583$327,231,544
100$601,925,016$77,332,477$41,156,787$358,687,961