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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$949,659$941,200$932,947$924,892$917,026$890,527
2 years$470,128$461,373$452,887$444,660$436,679$410,192
3 years$310,306$301,512$293,048$284,898$277,047$251,402
4 years$230,410$221,643$213,264$205,253$197,592$172,986
5 years$182,485$173,771$165,501$157,654$150,207$126,706
6 years$150,546$141,897$133,750$126,077$118,853$96,481
7 years$127,741$119,165$111,147$103,655$96,660$75,414
8 years$110,645$102,146$94,261$86,953$80,188$60,058
9 years$97,355$88,937$81,187$74,065$67,530$48,495
10 years$86,729$78,393$70,781$63,845$57,539$39,573
11 years$78,041$69,789$62,314$55,564$49,486$32,559
12 years$70,806$62,639$55,302$48,737$42,883$26,962
13 years$64,689$56,607$49,409$43,028$37,395$22,445
14 years$59,451$51,454$44,394$38,195$32,780$18,763
15 years$54,914$47,005$40,082$34,063$28,862$15,740
16 years$50,949$43,126$36,340$30,500$25,509$13,242
17 years$47,454$39,717$33,068$27,404$22,618$11,166
18 years$44,351$36,701$30,187$24,697$20,111$9,435
19 years$41,578$34,014$27,635$22,315$17,925$7,985
20 years$39,085$31,607$25,362$20,211$16,011$6,767
21 years$36,832$29,441$23,328$18,343$14,328$5,741
22 years$34,787$27,482$21,500$16,678$12,843$4,876
23 years$32,923$25,703$19,852$15,189$11,529$4,145
24 years$31,216$24,082$18,359$13,853$10,362$3,525
25 years$29,649$22,600$17,005$12,651$9,324$3,001
26 years$28,204$21,240$15,771$11,568$8,399$2,555
27 years$26,869$19,990$14,645$10,588$7,572$2,177
28 years$25,631$18,836$13,614$9,701$6,833$1,855
29 years$24,481$17,770$12,669$8,896$6,170$1,581
30 years$23,409$16,782$11,801$8,164$5,575$1,348
31 years$22,408$15,864$11,002$7,498$5,040$1,150
32 years$21,472$15,011$10,265$6,891$4,559$981
33 years$20,595$14,215$9,584$6,337$4,126$837
34 years$19,771$13,473$8,955$5,831$3,736$714
35 years$18,995$12,779$8,372$5,367$3,384$609
36 years$18,265$12,129$7,832$4,943$3,066$520
37 years$17,575$11,520$7,331$4,555$2,779$444
38 years$16,923$10,948$6,865$4,198$2,519$379
39 years$16,307$10,410$6,432$3,871$2,284$323
40 years$15,722$9,905$6,028$3,570$2,072$276
41 years$15,168$9,428$5,653$3,294$1,880$236
42 years$14,641$8,979$5,302$3,040$1,706$201
43 years$14,140$8,555$4,976$2,806$1,548$172
44 years$13,664$8,155$4,670$2,591$1,405$147
45 years$13,209$7,777$4,385$2,393$1,276$125
46 years$12,776$7,419$4,119$2,210$1,158$107
47 years$12,363$7,080$3,870$2,042$1,052$91
48 years$11,967$6,758$3,636$1,887$955$78
49 years$11,590$6,454$3,418$1,744$867$67
50 years$11,228$6,165$3,213$1,612$788$57

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 $4,271 every year, while hoping to spend $22,569 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: 46/34/20 Blend
59$11,500,000$11,500,000$11,500,000$11,500,000
60$12,677,406$12,067,906$11,889,656$13,187,852
61$13,946,488$12,635,220$12,263,946$14,112,876
62$15,344,260$13,229,576$12,650,018$15,113,272
63$16,883,824$13,852,275$13,048,244$16,198,168
64$18,579,620$14,504,682$13,459,005$17,375,449
65$20,447,556$15,188,226$13,882,697$18,653,772
66$22,505,165$15,904,408$14,319,726$20,042,643
67$24,771,768$16,654,800$14,770,513$21,552,503
68$27,268,653$17,441,049$15,235,489$23,194,822
69$30,019,280$18,264,885$15,715,103$24,982,202
70$33,049,501$19,128,120$16,209,814$26,928,488
71$36,387,806$20,032,653$16,720,098$29,048,898
72$40,065,585$20,980,476$17,246,445$31,360,157
73$44,117,435$21,973,679$17,789,360$33,880,652
74$48,581,475$23,014,452$18,349,366$36,630,596
75$53,499,716$24,105,090$18,927,000$39,632,214
76$58,918,450$25,248,002$19,522,817$42,909,947
77$64,888,690$26,445,712$20,137,389$46,490,673
78$71,466,652$27,700,868$20,771,308$50,403,955
79$78,714,284$29,016,245$21,425,180$54,682,313
80$86,699,853$30,394,753$22,099,636$59,361,519
81$95,498,587$31,839,444$22,795,322$64,480,931
82$105,193,385$33,353,519$23,512,908$70,083,852
83$115,875,601$34,940,333$24,253,081$76,217,930
84$127,645,907$36,603,404$25,016,554$82,935,599
85$140,615,241$38,346,421$25,804,060$90,294,564
86$154,905,854$40,173,255$26,616,355$98,358,333
87$170,652,467$42,087,960$27,454,219$107,196,808
88$188,003,541$44,094,793$28,318,457$116,886,928
89$207,122,677$46,198,212$29,209,900$127,513,390
90$228,190,162$48,402,896$30,129,404$139,169,430
91$251,404,671$50,713,751$31,077,851$151,957,693
92$276,985,142$53,135,919$32,056,154$165,991,186
93$305,172,843$55,674,795$33,065,251$181,394,330
94$336,233,648$58,336,036$34,106,113$198,304,121
95$370,460,551$61,125,572$35,179,738$216,871,405
96$408,176,426$64,049,625$36,287,159$237,262,286
97$449,737,081$67,114,716$37,429,438$259,659,675
98$495,534,613$70,327,686$38,607,674$284,265,001
99$546,001,110$73,695,709$39,822,997$311,300,092
100$601,612,731$77,226,307$41,076,576$341,009,246