Can I retire at age 60 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$644,117$638,379$632,782$627,318$621,983$619,102
2 years$318,870$312,931$307,176$301,595$296,182$293,274
3 years$210,468$204,504$198,763$193,235$187,910$185,065
4 years$156,278$150,332$144,648$139,215$134,019$131,259
5 years$123,772$117,862$112,253$106,930$101,879$99,212
6 years$102,109$96,243$90,717$85,513$80,614$78,043
7 years$86,641$80,825$75,386$70,305$65,560$63,087
8 years$75,046$69,282$63,934$58,977$54,389$52,014
9 years$66,032$60,322$55,066$50,235$45,803$43,525
10 years$58,825$53,171$48,008$43,303$39,027$36,845
11 years$52,932$47,335$42,265$37,687$33,564$31,478
12 years$48,025$42,486$37,509$33,057$29,086$27,093
13 years$43,876$38,395$33,512$29,184$25,364$23,462
14 years$40,323$34,900$30,111$25,906$22,234$20,421
15 years$37,246$31,881$27,186$23,104$19,576$17,851
16 years$34,557$29,251$24,648$20,687$17,301$15,661
17 years$32,186$26,939$22,429$18,587$15,341$13,783
18 years$30,082$24,893$20,475$16,751$13,640$12,162
19 years$28,201$23,070$18,744$15,136$12,158$10,757
20 years$26,510$21,438$17,202$13,708$10,860$9,533
21 years$24,982$19,969$15,822$12,441$9,718$8,463
22 years$23,595$18,640$14,583$11,312$8,711$7,525
23 years$22,330$17,434$13,465$10,302$7,819$6,700
24 years$21,173$16,334$12,453$9,396$7,028$5,972
25 years$20,110$15,329$11,534$8,581$6,324$5,329
26 years$19,130$14,407$10,697$7,846$5,697$4,760
27 years$18,224$13,558$9,933$7,182$5,136$4,255
28 years$17,384$12,776$9,234$6,580$4,634$3,806
29 years$16,604$12,053$8,593$6,034$4,185$3,407
30 years$15,877$11,382$8,004$5,538$3,781$3,052
31 years$15,199$10,760$7,462$5,086$3,419$2,735
32 years$14,564$10,181$6,962$4,674$3,092$2,452
33 years$13,969$9,642$6,501$4,298$2,799$2,199
34 years$13,410$9,138$6,074$3,955$2,534$1,973
35 years$12,884$8,667$5,678$3,640$2,295$1,771
36 years$12,388$8,227$5,312$3,353$2,079$1,590
37 years$11,921$7,813$4,972$3,089$1,885$1,428
38 years$11,479$7,426$4,656$2,847$1,709$1,282
39 years$11,060$7,061$4,362$2,625$1,549$1,152
40 years$10,664$6,718$4,089$2,422$1,405$1,035
41 years$10,288$6,395$3,834$2,234$1,275$930
42 years$9,931$6,090$3,596$2,062$1,157$836
43 years$9,591$5,803$3,375$1,903$1,050$752
44 years$9,268$5,531$3,168$1,757$953$676
45 years$8,959$5,275$2,974$1,623$865$608
46 years$8,666$5,032$2,794$1,499$786$547
47 years$8,385$4,802$2,625$1,385$713$492
48 years$8,117$4,584$2,466$1,280$648$442
49 years$7,861$4,377$2,318$1,183$588$398
50 years$7,616$4,182$2,179$1,093$534$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,800,000, adding $4,810 every year, while hoping to spend $54,440 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: 44/39/17 Blend
59$7,800,000$7,800,000$7,800,000$7,800,000
60$8,600,562$8,187,162$8,066,262$8,936,546
61$9,419,895$8,530,409$8,278,558$9,515,932
62$10,320,976$8,888,650$8,496,141$10,137,764
63$11,312,085$9,262,564$8,719,131$10,810,614
64$12,402,346$9,652,858$8,947,650$11,539,218
65$13,601,811$10,060,273$9,181,822$12,328,774
66$14,921,556$10,485,587$9,421,774$13,184,995
67$16,373,784$10,929,610$9,667,632$14,114,150
68$17,971,942$11,393,193$9,919,530$15,123,131
69$19,730,845$11,877,224$10,177,599$16,219,509
70$21,666,817$12,382,634$10,441,975$17,411,605
71$23,797,847$12,910,398$10,712,795$18,708,561
72$26,143,753$13,461,533$10,990,200$20,120,432
73$28,726,376$14,037,108$11,274,331$21,658,266
74$31,569,778$14,638,239$11,565,334$23,334,216
75$34,700,478$15,266,094$11,863,354$25,161,643
76$38,147,692$15,921,898$12,168,542$27,155,240
77$41,943,616$16,606,931$12,481,048$29,331,169
78$46,123,728$17,322,533$12,801,026$31,707,210
79$50,727,119$18,070,109$13,128,631$34,302,917
80$55,796,868$18,851,127$13,464,023$37,139,808
81$61,380,442$19,667,126$13,807,362$40,241,557
82$67,530,149$20,519,716$14,158,809$43,634,213
83$74,303,625$21,410,584$14,518,531$47,346,445
84$81,764,386$22,341,494$14,886,693$51,409,799
85$89,982,421$23,314,295$15,263,465$55,858,999
86$99,034,855$24,330,922$15,649,018$60,732,263
87$109,006,676$25,393,402$16,043,526$66,071,660
88$119,991,535$26,503,858$16,447,162$71,923,498
89$132,092,635$27,664,510$16,860,105$78,338,760
90$145,423,699$28,877,686$17,282,534$85,373,570
91$160,110,046$30,145,822$17,714,628$93,089,723
92$176,289,774$31,471,471$18,156,572$101,555,255
93$194,115,062$32,857,304$18,608,548$110,845,082
94$213,753,607$34,306,121$19,070,744$121,041,693
95$235,390,207$35,820,852$19,543,345$132,235,927
96$259,228,502$37,404,568$20,026,541$144,527,813
97$285,492,900$39,060,483$20,520,521$158,027,512
98$314,430,695$40,791,966$21,025,477$172,856,344
99$346,314,396$42,602,542$21,541,602$189,147,919
100$381,444,306$44,495,908$22,069,087$207,049,394