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%17.2%
1 years$966,175$957,569$949,172$940,977$932,974$905,650
2 years$478,304$469,397$460,763$452,393$444,274$416,966
3 years$315,702$306,756$298,144$289,852$281,865$255,430
4 years$234,417$225,498$216,973$208,822$201,029$175,669
5 years$185,659$176,793$168,380$160,396$152,819$128,604
6 years$153,164$144,365$136,076$128,270$120,920$97,872
7 years$129,962$121,237$113,080$105,458$98,341$76,458
8 years$112,569$103,923$95,901$88,466$81,583$60,854
9 years$99,048$90,484$82,599$75,353$68,705$49,108
10 years$88,237$79,757$72,012$64,955$58,540$40,048
11 years$79,398$71,003$63,398$56,530$50,346$32,928
12 years$72,038$63,728$56,264$49,585$43,629$27,250
13 years$65,814$57,592$50,268$43,776$38,045$22,669
14 years$60,484$52,349$45,166$38,859$33,350$18,938
15 years$55,870$47,822$40,779$34,656$29,364$15,875
16 years$51,835$43,876$36,972$31,030$25,952$13,346
17 years$48,280$40,408$33,643$27,881$23,011$11,246
18 years$45,122$37,339$30,712$25,126$20,460$9,495
19 years$42,301$34,605$28,115$22,704$18,237$8,030
20 years$39,765$32,157$25,803$20,562$16,289$6,800
21 years$37,473$29,953$23,734$18,662$14,577$5,765
22 years$35,392$27,960$21,874$16,968$13,066$4,892
23 years$33,495$26,150$20,197$15,453$11,729$4,155
24 years$31,759$24,501$18,679$14,094$10,542$3,532
25 years$30,164$22,993$17,300$12,871$9,487$3,003
26 years$28,695$21,610$16,045$11,769$8,545$2,555
27 years$27,336$20,337$14,899$10,772$7,704$2,175
28 years$26,077$19,164$13,851$9,870$6,952$1,852
29 years$24,906$18,079$12,889$9,051$6,277$1,577
30 years$23,816$17,074$12,006$8,306$5,672$1,344
31 years$22,798$16,140$11,193$7,629$5,128$1,145
32 years$21,846$15,272$10,443$7,011$4,638$976
33 years$20,953$14,463$9,751$6,447$4,198$832
34 years$20,114$13,707$9,111$5,932$3,801$709
35 years$19,326$13,001$8,518$5,461$3,442$605
36 years$18,582$12,340$7,968$5,029$3,119$516
37 years$17,881$11,720$7,458$4,634$2,827$440
38 years$17,218$11,138$6,984$4,271$2,563$375
39 years$16,590$10,592$6,543$3,938$2,324$320
40 years$15,996$10,077$6,133$3,632$2,108$273
41 years$15,432$9,592$5,751$3,351$1,912$233
42 years$14,896$9,135$5,395$3,093$1,735$199
43 years$14,386$8,704$5,062$2,855$1,575$169
44 years$13,901$8,297$4,752$2,636$1,430$145
45 years$13,439$7,912$4,462$2,435$1,298$123
46 years$12,998$7,548$4,190$2,249$1,178$105
47 years$12,578$7,203$3,937$2,078$1,070$90
48 years$12,176$6,876$3,700$1,920$972$77
49 years$11,791$6,566$3,477$1,774$883$65
50 years$11,423$6,272$3,269$1,640$802$56

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 $4,187 every year, while hoping to spend $36,178 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: 63/29/8 Blend
59$11,700,000$11,700,000$11,700,000$11,700,000
60$12,897,719$12,277,619$12,096,269$13,689,114
61$14,174,793$12,840,729$12,463,001$14,780,835
62$15,580,916$13,430,219$12,840,806$15,967,714
63$17,129,213$14,047,344$13,230,016$17,262,651
64$18,834,147$14,693,417$13,630,975$18,676,116
65$20,711,652$15,369,817$14,044,036$20,219,621
66$22,779,291$16,077,988$14,469,561$21,905,826
67$25,056,413$16,819,444$14,907,925$23,748,658
68$27,564,341$17,595,770$15,359,515$25,763,434
69$30,326,570$18,408,630$15,824,725$27,967,006
70$33,368,994$19,259,766$16,303,967$30,377,912
71$36,720,141$20,151,004$16,797,660$33,016,552
72$40,411,452$21,084,260$17,306,238$35,905,371
73$44,477,572$22,061,540$17,830,148$39,069,069
74$48,956,676$23,084,948$18,369,850$42,534,828
75$53,890,834$24,156,688$18,925,817$46,332,565
76$59,326,405$25,279,071$19,498,538$50,495,209
77$65,314,473$26,454,520$20,088,514$55,059,004
78$71,911,332$27,685,575$20,696,262$60,063,849
79$79,179,017$28,974,897$21,322,316$65,553,666
80$87,185,886$30,325,276$21,967,223$71,576,807
81$96,007,271$31,739,639$22,631,549$78,186,508
82$105,726,181$33,221,050$23,315,875$85,441,382
83$116,434,096$34,772,725$24,020,800$93,405,966
84$128,231,818$36,398,034$24,746,942$102,151,320
85$141,230,434$38,100,508$25,494,935$111,755,693
86$155,552,356$39,883,850$26,265,433$122,305,253
87$171,332,481$41,751,944$27,059,110$133,894,891
88$188,719,463$43,708,858$27,876,659$146,629,105
89$207,877,116$45,758,860$28,718,795$160,622,984
90$228,985,960$47,906,423$29,586,253$176,003,276
91$252,244,926$50,156,235$30,479,790$192,909,580
92$277,873,232$52,513,214$31,400,186$211,495,652
93$306,112,453$54,982,513$32,348,245$231,930,842
94$337,228,804$57,569,537$33,324,792$254,401,685
95$371,515,649$60,279,951$34,330,679$279,113,645
96$409,296,271$63,119,694$35,366,782$306,293,046
97$450,926,926$66,094,995$36,434,005$336,189,190
98$496,800,205$69,212,382$37,533,277$369,076,702
99$547,348,739$72,478,702$38,665,554$405,258,100
100$603,049,282$75,901,130$39,831,822$445,066,643