Can I retire at age 60 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$668,890$662,932$657,119$651,446$645,905$623,733
2 years$331,134$324,967$318,990$313,195$307,574$285,461
3 years$218,563$212,369$206,408$200,667$195,138$173,779
4 years$162,289$156,114$150,212$144,569$139,174$118,733
5 years$128,533$122,395$116,571$111,043$105,798$86,329
6 years$106,036$99,945$94,206$88,802$83,714$65,232
7 years$89,974$83,934$78,286$73,009$68,082$50,584
8 years$77,932$71,947$66,393$61,245$56,481$39,953
9 years$68,572$62,642$57,184$52,168$47,565$31,986
10 years$61,087$55,216$49,854$44,969$40,528$25,873
11 years$54,968$49,156$43,891$39,136$34,855$21,095
12 years$49,872$44,120$38,952$34,328$30,205$17,308
13 years$45,564$39,871$34,801$30,306$26,339$14,272
14 years$41,874$36,242$31,269$26,903$23,089$11,815
15 years$38,679$33,108$28,232$23,992$20,329$9,814
16 years$35,886$30,376$25,596$21,483$17,967$8,173
17 years$33,424$27,975$23,291$19,302$15,931$6,822
18 years$31,239$25,850$21,262$17,395$14,165$5,704
19 years$29,285$23,957$19,464$15,718$12,625$4,777
20 years$27,529$22,262$17,863$14,236$11,277$4,005
21 years$25,943$20,737$16,431$12,920$10,092$3,362
22 years$24,502$19,357$15,144$11,747$9,046$2,824
23 years$23,189$18,104$13,983$10,698$8,120$2,374
24 years$21,987$16,962$12,931$9,757$7,299$1,997
25 years$20,883$15,918$11,977$8,911$6,568$1,681
26 years$19,866$14,961$11,108$8,148$5,916$1,415
27 years$18,925$14,080$10,315$7,458$5,334$1,192
28 years$18,053$13,267$9,589$6,833$4,813$1,004
29 years$17,243$12,516$8,923$6,266$4,346$846
30 years$16,488$11,820$8,312$5,751$3,927$713
31 years$15,783$11,174$7,749$5,281$3,550$601
32 years$15,124$10,573$7,230$4,854$3,211$507
33 years$14,506$10,013$6,751$4,463$2,906$428
34 years$13,925$9,490$6,307$4,107$2,631$361
35 years$13,379$9,001$5,897$3,781$2,383$304
36 years$12,865$8,543$5,516$3,482$2,159$257
37 years$12,379$8,114$5,163$3,208$1,957$216
38 years$11,920$7,711$4,835$2,957$1,774$183
39 years$11,486$7,333$4,530$2,726$1,609$154
40 years$11,074$6,976$4,246$2,515$1,459$130
41 years$10,683$6,641$3,981$2,320$1,324$110
42 years$10,312$6,325$3,735$2,141$1,201$93
43 years$9,960$6,026$3,504$1,977$1,090$78
44 years$9,624$5,744$3,290$1,825$990$66
45 years$9,304$5,477$3,089$1,685$898$56
46 years$8,999$5,225$2,901$1,557$816$47
47 years$8,708$4,987$2,726$1,438$741$40
48 years$8,429$4,760$2,561$1,329$673$33
49 years$8,163$4,546$2,407$1,228$611$28
50 years$7,908$4,342$2,263$1,135$555$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $8,100,000, adding $2,014 every year, while hoping to spend $21,696 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: 57/25/18 Blend
59$8,100,000$8,100,000$8,100,000$8,100,000
60$8,928,277$8,498,977$8,373,427$9,394,615
61$9,815,877$8,892,343$8,630,853$10,105,124
62$10,793,285$9,304,256$8,896,175$10,876,511
63$11,869,639$9,735,603$9,169,635$11,716,661
64$13,055,007$10,187,312$9,451,483$12,632,190
65$14,360,484$10,660,357$9,741,974$13,630,370
66$15,798,297$11,155,758$10,041,374$14,719,197
67$17,381,917$11,674,585$10,349,954$15,907,464
68$19,126,191$12,217,958$10,667,996$17,204,844
69$21,047,478$12,787,053$10,995,789$18,621,975
70$23,163,804$13,383,102$11,333,631$20,170,557
71$25,495,034$14,007,395$11,681,829$21,863,466
72$28,063,057$14,661,288$12,040,700$23,714,864
73$30,891,996$15,346,198$12,410,571$25,740,337
74$34,008,432$16,063,614$12,791,778$27,957,034
75$37,441,657$16,815,096$13,184,667$30,383,828
76$41,223,947$17,602,277$13,589,594$33,041,489
77$45,390,873$18,426,872$14,006,930$35,952,877
78$49,981,632$19,290,678$14,437,051$39,143,156
79$55,039,416$20,195,579$14,880,350$42,640,024
80$60,611,823$21,143,549$15,337,228$46,473,971
81$66,751,304$22,136,658$15,808,101$50,678,564
82$73,515,661$23,177,078$16,293,396$55,290,760
83$80,968,587$24,267,084$16,793,553$60,351,246
84$89,180,274$25,409,061$17,309,028$65,904,822
85$98,228,068$26,605,512$17,840,287$72,000,816
86$108,197,206$27,859,058$18,387,812$78,693,546
87$119,181,618$29,172,448$18,952,100$86,042,826
88$131,284,811$30,548,566$19,533,664$94,114,526
89$144,620,850$31,990,434$20,133,029$102,981,184
90$159,315,432$33,501,220$20,750,741$112,722,687
91$175,507,074$35,084,248$21,387,359$123,427,021
92$193,348,419$36,743,000$22,043,459$135,191,087
93$213,007,680$38,481,129$22,719,637$148,121,614
94$234,670,224$40,302,465$23,416,506$162,336,158
95$258,540,324$42,211,023$24,134,695$177,964,201
96$284,843,086$44,211,012$24,874,857$195,148,367
97$313,826,578$46,306,848$25,637,661$214,045,760
98$345,764,164$48,503,160$26,423,799$234,829,433
99$380,957,094$50,804,799$27,233,981$257,690,018
100$419,737,339$53,216,856$28,068,941$282,837,511