Can I retire at age 60 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$652,375$646,564$640,894$635,360$629,957$610,280
2 years$322,958$316,943$311,114$305,462$299,980$280,331
3 years$213,166$207,126$201,311$195,712$190,319$171,315
4 years$158,282$152,259$146,503$141,000$135,737$117,523
5 years$125,359$119,373$113,692$108,301$103,185$85,810
6 years$103,418$97,477$91,880$86,609$81,647$65,126
7 years$87,752$81,861$76,353$71,206$66,401$50,732
8 years$76,008$70,170$64,753$59,733$55,086$40,259
9 years$66,878$61,096$55,772$50,879$46,390$32,390
10 years$59,579$53,853$48,623$43,859$39,527$26,332
11 years$53,611$47,942$42,807$38,170$33,994$21,581
12 years$48,641$43,030$37,990$33,480$29,459$17,801
13 years$44,439$38,887$33,942$29,558$25,689$14,758
14 years$40,840$35,347$30,497$26,238$22,519$12,286
15 years$37,724$32,290$27,535$23,400$19,827$10,263
16 years$35,000$29,626$24,964$20,952$17,523$8,597
17 years$32,599$27,284$22,716$18,825$15,537$7,218
18 years$30,467$25,212$20,737$16,965$13,815$6,071
19 years$28,562$23,366$18,984$15,330$12,314$5,115
20 years$26,850$21,713$17,422$13,884$10,999$4,315
21 years$25,302$20,225$16,025$12,601$9,843$3,644
22 years$23,897$18,879$14,770$11,457$8,823$3,081
23 years$22,617$17,657$13,637$10,434$7,920$2,606
24 years$21,444$16,544$12,612$9,516$7,118$2,206
25 years$20,367$15,525$11,681$8,691$6,405$1,869
26 years$19,375$14,591$10,834$7,947$5,770$1,584
27 years$18,458$13,732$10,060$7,274$5,202$1,342
28 years$17,607$12,940$9,352$6,664$4,694$1,138
29 years$16,817$12,207$8,703$6,111$4,238$966
30 years$16,081$11,528$8,107$5,609$3,830$819
31 years$15,394$10,898$7,558$5,151$3,462$695
32 years$14,751$10,312$7,051$4,734$3,132$590
33 years$14,148$9,765$6,584$4,353$2,834$501
34 years$13,582$9,255$6,152$4,005$2,566$425
35 years$13,049$8,779$5,751$3,687$2,324$361
36 years$12,547$8,332$5,380$3,396$2,106$307
37 years$12,073$7,914$5,036$3,129$1,909$261
38 years$11,626$7,521$4,716$2,884$1,730$221
39 years$11,202$7,152$4,418$2,659$1,569$188
40 years$10,801$6,804$4,141$2,453$1,423$160
41 years$10,420$6,477$3,883$2,263$1,291$136
42 years$10,058$6,168$3,642$2,088$1,172$115
43 years$9,714$5,877$3,418$1,928$1,063$98
44 years$9,386$5,602$3,208$1,780$965$83
45 years$9,074$5,342$3,013$1,644$876$71
46 years$8,777$5,096$2,829$1,518$796$60
47 years$8,493$4,863$2,658$1,403$722$51
48 years$8,221$4,643$2,498$1,296$656$43
49 years$7,962$4,434$2,348$1,198$596$37
50 years$7,713$4,235$2,207$1,107$541$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,900,000, adding $3,676 every year, while hoping to spend $25,184 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: 83/9/8 Blend
59$7,900,000$7,900,000$7,900,000$7,900,000
60$8,709,592$8,290,892$8,168,442$9,424,077
61$9,571,175$8,670,350$8,415,289$10,271,173
62$10,519,795$9,067,557$8,669,562$11,197,439
63$11,564,304$9,483,357$8,931,482$12,213,800
64$12,714,454$9,918,634$9,201,278$13,329,281
65$13,980,994$10,374,312$9,479,186$14,553,817
66$15,375,765$10,851,363$9,765,448$15,898,352
67$16,911,817$11,350,804$10,060,315$17,374,940
68$18,603,530$11,873,701$10,364,043$18,996,854
69$20,466,748$12,421,171$10,676,897$20,778,715
70$22,518,934$12,994,385$10,999,150$22,736,627
71$24,779,326$13,594,571$11,331,083$24,888,328
72$27,269,127$14,223,015$11,672,984$27,253,355
73$30,011,701$14,881,066$12,025,152$29,853,230
74$33,032,793$15,570,136$12,387,893$32,711,661
75$36,360,773$16,291,708$12,761,522$35,854,762
76$40,026,904$17,047,333$13,146,365$39,311,303
77$44,065,636$17,838,641$13,542,757$43,112,974
78$48,514,932$18,667,336$13,951,041$47,294,689
79$53,416,627$19,535,207$14,371,572$51,894,909
80$58,816,820$20,444,129$14,804,716$56,956,008
81$64,766,310$21,396,066$15,250,849$62,524,667
82$71,321,079$22,393,078$15,710,358$68,652,317
83$78,542,816$23,437,326$16,183,641$75,395,617
84$86,499,500$24,531,071$16,671,110$82,816,995
85$95,266,043$25,676,688$17,173,186$90,985,229
86$104,924,996$26,876,663$17,690,305$99,976,095
87$115,567,330$28,133,604$18,222,915$109,873,085
88$127,293,292$29,450,245$18,771,477$120,768,186
89$140,213,352$30,829,451$19,336,465$132,762,751
90$154,449,246$32,274,226$19,918,369$145,968,451
91$170,135,127$33,787,721$20,517,692$160,508,331
92$187,418,828$35,373,237$21,134,953$176,517,960
93$206,463,258$37,034,235$21,770,684$194,146,718
94$227,447,943$38,774,346$22,425,434$213,559,198
95$250,570,717$40,597,373$23,099,770$234,936,756
96$276,049,591$42,507,305$23,794,274$258,479,224
97$304,124,812$44,508,325$24,509,544$284,406,789
98$335,061,126$46,604,817$25,246,197$312,962,071
99$369,150,286$48,801,378$26,004,870$344,412,411
100$406,713,797$51,102,827$26,786,215$379,052,385