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%14.3%
1 years$668,890$662,932$657,119$651,446$645,905$634,422
2 years$331,134$324,967$318,990$313,195$307,574$296,044
3 years$218,563$212,369$206,408$200,667$195,138$183,920
4 years$162,289$156,114$150,212$144,569$139,174$128,355
5 years$128,533$122,395$116,571$111,043$105,798$95,409
6 years$106,036$99,945$94,206$88,802$83,714$73,766
7 years$89,974$83,934$78,286$73,009$68,082$58,579
8 years$77,932$71,947$66,393$61,245$56,481$47,419
9 years$68,572$62,642$57,184$52,168$47,565$38,940
10 years$61,087$55,216$49,854$44,969$40,528$32,332
11 years$54,968$49,156$43,891$39,136$34,855$27,080
12 years$49,872$44,120$38,952$34,328$30,205$22,839
13 years$45,564$39,871$34,801$30,306$26,339$19,371
14 years$41,874$36,242$31,269$26,903$23,089$16,507
15 years$38,679$33,108$28,232$23,992$20,329$14,120
16 years$35,886$30,376$25,596$21,483$17,967$12,118
17 years$33,424$27,975$23,291$19,302$15,931$10,427
18 years$31,239$25,850$21,262$17,395$14,165$8,994
19 years$29,285$23,957$19,464$15,718$12,625$7,772
20 years$27,529$22,262$17,863$14,236$11,277$6,728
21 years$25,943$20,737$16,431$12,920$10,092$5,832
22 years$24,502$19,357$15,144$11,747$9,046$5,061
23 years$23,189$18,104$13,983$10,698$8,120$4,398
24 years$21,987$16,962$12,931$9,757$7,299$3,824
25 years$20,883$15,918$11,977$8,911$6,568$3,328
26 years$19,866$14,961$11,108$8,148$5,916$2,898
27 years$18,925$14,080$10,315$7,458$5,334$2,526
28 years$18,053$13,267$9,589$6,833$4,813$2,202
29 years$17,243$12,516$8,923$6,266$4,346$1,921
30 years$16,488$11,820$8,312$5,751$3,927$1,676
31 years$15,783$11,174$7,749$5,281$3,550$1,463
32 years$15,124$10,573$7,230$4,854$3,211$1,277
33 years$14,506$10,013$6,751$4,463$2,906$1,116
34 years$13,925$9,490$6,307$4,107$2,631$975
35 years$13,379$9,001$5,897$3,781$2,383$851
36 years$12,865$8,543$5,516$3,482$2,159$744
37 years$12,379$8,114$5,163$3,208$1,957$650
38 years$11,920$7,711$4,835$2,957$1,774$568
39 years$11,486$7,333$4,530$2,726$1,609$497
40 years$11,074$6,976$4,246$2,515$1,459$434
41 years$10,683$6,641$3,981$2,320$1,324$380
42 years$10,312$6,325$3,735$2,141$1,201$332
43 years$9,960$6,026$3,504$1,977$1,090$290
44 years$9,624$5,744$3,290$1,825$990$254
45 years$9,304$5,477$3,089$1,685$898$222
46 years$8,999$5,225$2,901$1,557$816$194
47 years$8,708$4,987$2,726$1,438$741$170
48 years$8,429$4,760$2,561$1,329$673$149
49 years$8,163$4,546$2,407$1,228$611$130
50 years$7,908$4,342$2,263$1,135$555$114

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 $2,733 every year, while hoping to spend $45,018 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: 78/11/11 Blend
59$8,100,000$8,100,000$8,100,000$8,100,000
60$8,929,019$8,499,719$8,374,169$9,607,578
61$9,791,880$8,868,307$8,606,805$10,422,733
62$10,741,244$9,253,446$8,845,725$11,310,505
63$11,785,887$9,655,901$9,091,093$12,282,910
64$12,935,479$10,076,471$9,343,075$13,348,371
65$14,200,672$10,515,992$9,601,843$14,516,162
66$15,593,207$10,975,343$9,867,572$15,796,495
67$17,126,019$11,455,439$10,140,440$17,200,614
68$18,813,361$11,957,243$10,420,632$18,740,903
69$20,670,936$12,481,761$10,708,336$20,430,998
70$22,716,051$13,030,046$11,003,744$22,285,919
71$24,967,772$13,603,203$11,307,054$24,322,203
72$27,447,112$14,202,387$11,618,467$26,558,070
73$30,177,222$14,828,808$11,938,191$29,013,582
74$33,183,614$15,483,735$12,266,436$31,710,839
75$36,494,400$16,168,496$12,603,419$34,674,183
76$40,140,557$16,884,481$12,949,362$37,930,426
77$44,156,220$17,633,146$13,304,491$41,509,104
78$48,579,002$18,416,018$13,669,039$45,442,749
79$53,450,352$19,234,694$14,043,243$49,767,201
80$58,815,942$20,090,848$14,427,346$54,521,940
81$64,726,102$20,986,234$14,821,597$59,750,458
82$71,236,294$21,922,689$15,226,249$65,500,667
83$78,407,631$22,902,136$15,641,564$71,825,351
84$86,307,459$23,926,590$16,067,806$78,782,661
85$95,009,991$24,998,164$16,505,248$86,436,662
86$104,597,005$26,119,069$16,954,169$94,857,934
87$115,158,618$27,291,622$17,414,852$104,124,238
88$126,794,136$28,518,250$17,887,589$114,321,247
89$139,612,991$29,801,498$18,372,676$125,543,352
90$153,735,774$31,144,029$18,870,419$137,894,551
91$169,295,371$32,548,635$19,381,127$151,489,425
92$186,438,222$34,018,241$19,905,118$166,454,221
93$205,325,698$35,555,912$20,442,716$182,928,038
94$226,135,626$37,164,858$20,994,253$201,064,138
95$249,063,967$38,848,444$21,560,068$221,031,389
96$274,326,668$40,610,194$22,140,507$243,015,856
97$302,161,698$42,453,803$22,735,924$267,222,553
98$332,831,292$44,383,140$23,346,678$293,877,378
99$366,624,431$46,402,262$23,973,139$323,229,236
100$403,859,568$48,515,418$24,615,684$355,552,389