Can I retire at age 60 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$966,175$957,569$949,172$940,977$932,974$916,764
2 years$478,304$469,397$460,763$452,393$444,274$427,994
3 years$315,702$306,756$298,144$289,852$281,865$266,024
4 years$234,417$225,498$216,973$208,822$201,029$185,748
5 years$185,659$176,793$168,380$160,396$152,819$138,143
6 years$153,164$144,365$136,076$128,270$120,920$106,865
7 years$129,962$121,237$113,080$105,458$98,341$84,910
8 years$112,569$103,923$95,901$88,466$81,583$68,774
9 years$99,048$90,484$82,599$75,353$68,705$56,510
10 years$88,237$79,757$72,012$64,955$58,540$46,950
11 years$79,398$71,003$63,398$56,530$50,346$39,347
12 years$72,038$63,728$56,264$49,585$43,629$33,207
13 years$65,814$57,592$50,268$43,776$38,045$28,184
14 years$60,484$52,349$45,166$38,859$33,350$24,032
15 years$55,870$47,822$40,779$34,656$29,364$20,572
16 years$51,835$43,876$36,972$31,030$25,952$17,667
17 years$48,280$40,408$33,643$27,881$23,011$15,213
18 years$45,122$37,339$30,712$25,126$20,460$13,131
19 years$42,301$34,605$28,115$22,704$18,237$11,356
20 years$39,765$32,157$25,803$20,562$16,289$9,837
21 years$37,473$29,953$23,734$18,662$14,577$8,534
22 years$35,392$27,960$21,874$16,968$13,066$7,412
23 years$33,495$26,150$20,197$15,453$11,729$6,445
24 years$31,759$24,501$18,679$14,094$10,542$5,609
25 years$30,164$22,993$17,300$12,871$9,487$4,885
26 years$28,695$21,610$16,045$11,769$8,545$4,258
27 years$27,336$20,337$14,899$10,772$7,704$3,713
28 years$26,077$19,164$13,851$9,870$6,952$3,240
29 years$24,906$18,079$12,889$9,051$6,277$2,829
30 years$23,816$17,074$12,006$8,306$5,672$2,470
31 years$22,798$16,140$11,193$7,629$5,128$2,158
32 years$21,846$15,272$10,443$7,011$4,638$1,886
33 years$20,953$14,463$9,751$6,447$4,198$1,648
34 years$20,114$13,707$9,111$5,932$3,801$1,441
35 years$19,326$13,001$8,518$5,461$3,442$1,260
36 years$18,582$12,340$7,968$5,029$3,119$1,102
37 years$17,881$11,720$7,458$4,634$2,827$964
38 years$17,218$11,138$6,984$4,271$2,563$843
39 years$16,590$10,592$6,543$3,938$2,324$738
40 years$15,996$10,077$6,133$3,632$2,108$646
41 years$15,432$9,592$5,751$3,351$1,912$565
42 years$14,896$9,135$5,395$3,093$1,735$495
43 years$14,386$8,704$5,062$2,855$1,575$433
44 years$13,901$8,297$4,752$2,636$1,430$379
45 years$13,439$7,912$4,462$2,435$1,298$332
46 years$12,998$7,548$4,190$2,249$1,178$290
47 years$12,578$7,203$3,937$2,078$1,070$254
48 years$12,176$6,876$3,700$1,920$972$222
49 years$11,791$6,566$3,477$1,774$883$195
50 years$11,423$6,272$3,269$1,640$802$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,700,000, adding $4,246 every year, while hoping to spend $51,955 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: 56/19/25 Blend
59$11,700,000$11,700,000$11,700,000$11,700,000
60$12,897,780$12,277,680$12,096,330$13,531,604
61$14,158,074$12,824,006$12,446,277$14,513,125
62$15,545,176$13,395,362$12,806,206$15,576,138
63$17,071,967$13,992,917$13,176,397$16,733,232
64$18,752,637$14,617,900$13,557,136$17,993,485
65$20,602,825$15,271,596$13,948,719$19,366,879
66$22,639,761$15,955,352$14,351,449$20,864,395
67$24,882,431$16,670,579$14,765,637$22,498,111
68$27,351,756$17,418,754$15,191,603$24,281,316
69$30,070,788$18,201,426$15,629,675$26,228,628
70$33,064,931$19,020,218$16,080,190$28,356,135
71$36,362,173$19,876,828$16,543,496$30,681,540
72$39,993,360$20,773,038$17,019,949$33,224,322
73$43,992,479$21,710,712$17,509,913$36,005,924
74$48,396,981$22,691,807$18,013,764$39,049,944
75$53,248,136$23,718,369$18,531,889$42,382,358
76$58,591,422$24,792,544$19,064,683$46,031,762
77$64,476,949$25,916,581$19,612,552$50,029,634
78$70,959,940$27,092,836$20,175,915$54,410,630
79$78,101,247$28,323,777$20,755,200$59,212,905
80$85,967,923$29,611,992$21,350,849$64,478,470
81$94,633,861$30,960,189$21,963,312$70,253,584
82$104,180,487$32,371,211$22,593,055$76,589,180
83$114,697,529$33,848,032$23,240,555$83,541,350
84$126,283,864$35,393,773$23,906,301$91,171,861
85$139,048,452$37,011,702$24,590,796$99,548,735
86$153,111,362$38,705,243$25,294,556$108,746,886
87$168,604,908$40,477,987$26,018,110$118,848,820
88$185,674,896$42,333,696$26,762,004$129,945,407
89$204,481,999$44,276,311$27,526,795$142,136,733
90$225,203,278$46,309,965$28,313,057$155,533,037
91$248,033,846$48,438,987$29,121,378$170,255,743
92$273,188,717$50,667,916$29,952,363$186,438,601
93$300,904,831$53,001,508$30,806,632$204,228,939
94$331,443,290$55,444,749$31,684,821$223,789,049
95$365,091,827$58,002,862$32,587,583$245,297,705
96$402,167,515$60,681,325$33,515,590$268,951,846
97$443,019,769$63,485,877$34,469,529$294,968,424
98$488,033,633$66,422,533$35,450,106$323,586,440
99$537,633,427$69,497,600$36,458,048$355,069,193
100$592,286,740$72,717,686$37,494,096$389,706,753