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

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$652,375$646,564$640,894$635,360$629,957$616,986
2 years$322,958$316,943$311,114$305,462$299,980$286,970
3 years$213,166$207,126$201,311$195,712$190,319$177,678
4 years$158,282$152,259$146,503$141,000$135,737$123,561
5 years$125,359$119,373$113,692$108,301$103,185$91,509
6 years$103,418$97,477$91,880$86,609$81,647$70,483
7 years$87,752$81,861$76,353$71,206$66,401$55,751
8 years$76,008$70,170$64,753$59,733$55,086$44,947
9 years$66,878$61,096$55,772$50,879$46,390$36,756
10 years$59,579$53,853$48,623$43,859$39,527$30,388
11 years$53,611$47,942$42,807$38,170$33,994$25,339
12 years$48,641$43,030$37,990$33,480$29,459$21,274
13 years$44,439$38,887$33,942$29,558$25,689$17,961
14 years$40,840$35,347$30,497$26,238$22,519$15,232
15 years$37,724$32,290$27,535$23,400$19,827$12,967
16 years$35,000$29,626$24,964$20,952$17,523$11,073
17 years$32,599$27,284$22,716$18,825$15,537$9,481
18 years$30,467$25,212$20,737$16,965$13,815$8,136
19 years$28,562$23,366$18,984$15,330$12,314$6,994
20 years$26,850$21,713$17,422$13,884$10,999$6,023
21 years$25,302$20,225$16,025$12,601$9,843$5,193
22 years$23,897$18,879$14,770$11,457$8,823$4,483
23 years$22,617$17,657$13,637$10,434$7,920$3,874
24 years$21,444$16,544$12,612$9,516$7,118$3,350
25 years$20,367$15,525$11,681$8,691$6,405$2,899
26 years$19,375$14,591$10,834$7,947$5,770$2,511
27 years$18,458$13,732$10,060$7,274$5,202$2,176
28 years$17,607$12,940$9,352$6,664$4,694$1,886
29 years$16,817$12,207$8,703$6,111$4,238$1,636
30 years$16,081$11,528$8,107$5,609$3,830$1,419
31 years$15,394$10,898$7,558$5,151$3,462$1,232
32 years$14,751$10,312$7,051$4,734$3,132$1,069
33 years$14,148$9,765$6,584$4,353$2,834$928
34 years$13,582$9,255$6,152$4,005$2,566$806
35 years$13,049$8,779$5,751$3,687$2,324$700
36 years$12,547$8,332$5,380$3,396$2,106$608
37 years$12,073$7,914$5,036$3,129$1,909$528
38 years$11,626$7,521$4,716$2,884$1,730$459
39 years$11,202$7,152$4,418$2,659$1,569$399
40 years$10,801$6,804$4,141$2,453$1,423$347
41 years$10,420$6,477$3,883$2,263$1,291$301
42 years$10,058$6,168$3,642$2,088$1,172$262
43 years$9,714$5,877$3,418$1,928$1,063$228
44 years$9,386$5,602$3,208$1,780$965$198
45 years$9,074$5,342$3,013$1,644$876$172
46 years$8,777$5,096$2,829$1,518$796$150
47 years$8,493$4,863$2,658$1,403$722$130
48 years$8,221$4,643$2,498$1,296$656$113
49 years$7,962$4,434$2,348$1,198$596$98
50 years$7,713$4,235$2,207$1,107$541$85

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 $2,424 every year, while hoping to spend $43,329 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: 78/8/14 Blend
59$7,900,000$7,900,000$7,900,000$7,900,000
60$8,708,300$8,289,600$8,167,150$9,362,454
61$9,550,445$8,649,689$8,394,648$10,153,749
62$10,477,037$9,025,970$8,628,315$11,015,725
63$11,496,643$9,419,191$8,868,312$11,959,994
64$12,618,703$9,830,134$9,114,803$12,994,759
65$13,853,620$10,259,620$9,367,958$14,129,057
66$15,212,855$10,708,506$9,627,950$15,372,834
67$16,709,035$11,177,692$9,894,956$16,737,047
68$18,356,077$11,668,119$10,169,157$18,233,764
69$20,169,312$12,180,773$10,450,739$19,876,272
70$22,165,637$12,716,686$10,739,894$21,679,208
71$24,363,667$13,276,938$11,036,815$23,658,694
72$26,783,916$13,862,663$11,341,703$25,832,486
73$29,448,987$14,475,045$11,654,762$28,220,142
74$32,383,789$15,115,328$11,976,202$30,843,208
75$35,615,767$15,784,811$12,306,236$33,725,414
76$39,175,165$16,484,856$12,645,085$36,892,904
77$43,095,310$17,216,892$12,992,973$40,374,476
78$47,412,923$17,982,412$13,350,130$44,201,854
79$52,168,474$18,782,982$13,716,791$48,409,987
80$57,406,552$19,620,242$14,093,198$53,037,379
81$63,176,296$20,495,910$14,479,596$58,126,445
82$69,531,854$21,411,785$14,876,238$63,723,917
83$76,532,894$22,369,753$15,283,383$69,881,278
84$84,245,166$23,371,788$15,701,293$76,655,251
85$92,741,127$24,419,960$16,130,241$84,108,327
86$102,100,619$25,516,434$16,570,500$92,309,359
87$112,411,626$26,663,483$17,022,356$101,334,205
88$123,771,102$27,863,485$17,486,096$111,266,446
89$136,285,891$29,118,932$17,962,016$122,198,172
90$150,073,727$30,432,435$18,450,418$134,230,845
91$165,264,352$31,806,729$18,951,613$147,476,263
92$182,000,740$33,244,682$19,465,915$162,057,604
93$200,440,440$34,749,297$19,993,649$178,110,593
94$220,757,073$36,323,720$20,535,143$195,784,777
95$243,141,960$37,971,248$21,090,737$215,244,937
96$267,805,938$39,695,337$21,660,774$236,672,637
97$294,981,341$41,499,606$22,245,608$260,267,940
98$324,924,200$43,387,850$22,845,598$286,251,289
99$357,916,656$45,364,042$23,461,113$314,865,589
100$394,269,624$47,432,348$24,092,529$346,378,493