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

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 $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%14.5%
1 years$644,117$638,379$632,782$627,318$621,983$610,424
2 years$318,870$312,931$307,176$301,595$296,182$284,580
3 years$210,468$204,504$198,763$193,235$187,910$176,626
4 years$156,278$150,332$144,648$139,215$134,019$123,140
5 years$123,772$117,862$112,253$106,930$101,879$91,436
6 years$102,109$96,243$90,717$85,513$80,614$70,619
7 years$86,641$80,825$75,386$70,305$65,560$56,016
8 years$75,046$69,282$63,934$58,977$54,389$45,292
9 years$66,032$60,322$55,066$50,235$45,803$37,149
10 years$58,825$53,171$48,008$43,303$39,027$30,807
11 years$52,932$47,335$42,265$37,687$33,564$25,770
12 years$48,025$42,486$37,509$33,057$29,086$21,706
13 years$43,876$38,395$33,512$29,184$25,364$18,386
14 years$40,323$34,900$30,111$25,906$22,234$15,646
15 years$37,246$31,881$27,186$23,104$19,576$13,366
16 years$34,557$29,251$24,648$20,687$17,301$11,454
17 years$32,186$26,939$22,429$18,587$15,341$9,842
18 years$30,082$24,893$20,475$16,751$13,640$8,477
19 years$28,201$23,070$18,744$15,136$12,158$7,314
20 years$26,510$21,438$17,202$13,708$10,860$6,322
21 years$24,982$19,969$15,822$12,441$9,718$5,472
22 years$23,595$18,640$14,583$11,312$8,711$4,742
23 years$22,330$17,434$13,465$10,302$7,819$4,113
24 years$21,173$16,334$12,453$9,396$7,028$3,571
25 years$20,110$15,329$11,534$8,581$6,324$3,103
26 years$19,130$14,407$10,697$7,846$5,697$2,698
27 years$18,224$13,558$9,933$7,182$5,136$2,348
28 years$17,384$12,776$9,234$6,580$4,634$2,043
29 years$16,604$12,053$8,593$6,034$4,185$1,779
30 years$15,877$11,382$8,004$5,538$3,781$1,550
31 years$15,199$10,760$7,462$5,086$3,419$1,351
32 years$14,564$10,181$6,962$4,674$3,092$1,178
33 years$13,969$9,642$6,501$4,298$2,799$1,027
34 years$13,410$9,138$6,074$3,955$2,534$895
35 years$12,884$8,667$5,678$3,640$2,295$781
36 years$12,388$8,227$5,312$3,353$2,079$681
37 years$11,921$7,813$4,972$3,089$1,885$594
38 years$11,479$7,426$4,656$2,847$1,709$519
39 years$11,060$7,061$4,362$2,625$1,549$453
40 years$10,664$6,718$4,089$2,422$1,405$395
41 years$10,288$6,395$3,834$2,234$1,275$345
42 years$9,931$6,090$3,596$2,062$1,157$301
43 years$9,591$5,803$3,375$1,903$1,050$263
44 years$9,268$5,531$3,168$1,757$953$229
45 years$8,959$5,275$2,974$1,623$865$200
46 years$8,666$5,032$2,794$1,499$786$175
47 years$8,385$4,802$2,625$1,385$713$153
48 years$8,117$4,584$2,466$1,280$648$133
49 years$7,861$4,377$2,318$1,183$588$116
50 years$7,616$4,182$2,179$1,093$534$102

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 $5,911 every year, while hoping to spend $39,957 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: 53/36/11 Blend
59$7,800,000$7,800,000$7,800,000$7,800,000
60$8,601,697$8,188,297$8,067,397$9,032,818
61$9,436,556$8,547,010$8,295,141$9,685,446
62$10,355,232$8,921,960$8,529,175$10,390,311
63$11,366,231$9,313,902$8,769,668$11,156,253
64$12,478,927$9,723,624$9,016,793$11,989,063
65$13,703,649$10,151,952$9,270,726$12,895,107
66$15,051,776$10,599,752$9,531,650$13,881,379
67$16,535,848$11,067,931$9,799,751$14,955,566
68$18,169,682$11,557,438$10,075,221$16,126,119
69$19,968,504$12,069,266$10,358,255$17,402,327
70$21,949,089$12,604,458$10,649,054$18,794,407
71$24,129,923$13,164,103$10,947,824$20,313,589
72$26,531,376$13,749,346$11,254,778$21,972,226
73$29,175,894$14,361,381$11,570,130$23,783,905
74$32,088,210$15,001,463$11,894,104$25,763,570
75$35,295,578$15,670,905$12,226,927$27,927,661
76$38,828,029$16,371,082$12,568,832$30,294,265
77$42,718,659$17,103,436$12,920,058$32,883,282
78$47,003,933$17,869,475$13,280,851$35,716,609
79$51,724,036$18,670,781$13,651,461$38,818,342
80$56,923,249$19,509,011$14,032,147$42,214,998
81$62,650,368$20,385,900$14,423,171$45,935,763
82$68,959,163$21,303,267$14,824,805$50,012,759
83$75,908,886$22,263,015$15,237,324$54,481,345
84$83,564,832$23,267,142$15,661,014$59,380,442
85$91,998,951$24,317,738$16,096,164$64,752,897
86$101,290,531$25,416,995$16,543,073$70,645,880
87$111,526,944$26,567,207$17,002,045$77,111,323
88$122,804,473$27,770,780$17,473,393$84,206,405
89$135,229,215$29,030,234$17,957,438$91,994,082
90$148,918,089$30,348,210$18,454,507$100,543,676
91$163,999,937$31,727,475$18,964,935$109,931,522
92$180,616,737$33,170,928$19,489,067$120,241,678
93$198,924,949$34,681,608$20,027,256$131,566,713
94$219,096,985$36,262,698$20,579,860$144,008,571
95$241,322,843$37,917,535$21,147,250$157,679,522
96$265,811,893$39,649,615$21,729,804$172,703,217
97$292,794,862$41,462,602$22,327,908$189,215,840
98$322,526,003$43,360,335$22,941,958$207,367,387
99$355,285,502$45,346,837$23,572,360$227,323,068
100$391,382,118$47,426,327$24,219,529$249,264,858