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

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 $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%12.1%
1 years$668,890$662,932$657,119$651,446$645,905$640,226
2 years$331,134$324,967$318,990$313,195$307,574$301,851
3 years$218,563$212,369$206,408$200,667$195,138$189,548
4 years$162,289$156,114$150,212$144,569$139,174$133,761
5 years$128,533$122,395$116,571$111,043$105,798$100,578
6 years$106,036$99,945$94,206$88,802$83,714$78,693
7 years$89,974$83,934$78,286$73,009$68,082$63,263
8 years$77,932$71,947$66,393$61,245$56,481$51,863
9 years$68,572$62,642$57,184$52,168$47,565$43,147
10 years$61,087$55,216$49,854$44,969$40,528$36,307
11 years$54,968$49,156$43,891$39,136$34,855$30,828
12 years$49,872$44,120$38,952$34,328$30,205$26,368
13 years$45,564$39,871$34,801$30,306$26,339$22,688
14 years$41,874$36,242$31,269$26,903$23,089$19,619
15 years$38,679$33,108$28,232$23,992$20,329$17,036
16 years$35,886$30,376$25,596$21,483$17,967$14,845
17 years$33,424$27,975$23,291$19,302$15,931$12,974
18 years$31,239$25,850$21,262$17,395$14,165$11,368
19 years$29,285$23,957$19,464$15,718$12,625$9,983
20 years$27,529$22,262$17,863$14,236$11,277$8,783
21 years$25,943$20,737$16,431$12,920$10,092$7,740
22 years$24,502$19,357$15,144$11,747$9,046$6,831
23 years$23,189$18,104$13,983$10,698$8,120$6,036
24 years$21,987$16,962$12,931$9,757$7,299$5,340
25 years$20,883$15,918$11,977$8,911$6,568$4,728
26 years$19,866$14,961$11,108$8,148$5,916$4,190
27 years$18,925$14,080$10,315$7,458$5,334$3,716
28 years$18,053$13,267$9,589$6,833$4,813$3,298
29 years$17,243$12,516$8,923$6,266$4,346$2,929
30 years$16,488$11,820$8,312$5,751$3,927$2,602
31 years$15,783$11,174$7,749$5,281$3,550$2,313
32 years$15,124$10,573$7,230$4,854$3,211$2,056
33 years$14,506$10,013$6,751$4,463$2,906$1,829
34 years$13,925$9,490$6,307$4,107$2,631$1,628
35 years$13,379$9,001$5,897$3,781$2,383$1,449
36 years$12,865$8,543$5,516$3,482$2,159$1,290
37 years$12,379$8,114$5,163$3,208$1,957$1,148
38 years$11,920$7,711$4,835$2,957$1,774$1,023
39 years$11,486$7,333$4,530$2,726$1,609$911
40 years$11,074$6,976$4,246$2,515$1,459$812
41 years$10,683$6,641$3,981$2,320$1,324$723
42 years$10,312$6,325$3,735$2,141$1,201$645
43 years$9,960$6,026$3,504$1,977$1,090$574
44 years$9,624$5,744$3,290$1,825$990$512
45 years$9,304$5,477$3,089$1,685$898$456
46 years$8,999$5,225$2,901$1,557$816$407
47 years$8,708$4,987$2,726$1,438$741$363
48 years$8,429$4,760$2,561$1,329$673$323
49 years$8,163$4,546$2,407$1,228$611$288
50 years$7,908$4,342$2,263$1,135$555$257

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 $3,507 every year, while hoping to spend $36,539 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: 60/25/15 Blend
59$8,100,000$8,100,000$8,100,000$8,100,000
60$8,929,817$8,500,517$8,374,967$9,431,701
61$9,801,782$8,878,166$8,616,652$10,148,084
62$10,761,462$9,273,094$8,865,208$10,924,823
63$11,817,766$9,686,110$9,120,827$11,771,291
64$12,980,510$10,118,062$9,383,707$12,694,232
65$14,260,509$10,569,835$9,654,049$13,701,061
66$15,669,683$11,042,358$9,932,061$14,799,933
67$17,221,162$11,536,605$10,217,956$15,999,821
68$18,929,417$12,053,595$10,511,954$17,310,592
69$20,810,392$12,594,396$10,814,280$18,743,106
70$22,881,658$13,160,127$11,125,163$20,309,307
71$25,162,573$13,751,959$11,444,843$22,022,342
72$27,674,472$14,371,122$11,773,561$23,896,675
73$30,440,862$15,018,901$12,111,570$25,948,227
74$33,487,647$15,696,644$12,459,124$28,194,519
75$36,843,372$16,405,764$12,816,489$30,654,835
76$40,539,489$17,147,740$13,183,936$33,350,403
77$44,610,661$17,924,123$13,561,741$36,304,591
78$49,095,081$18,736,538$13,950,192$39,543,122
79$54,034,837$19,586,686$14,349,581$43,094,318
80$59,476,307$20,476,351$14,760,209$46,989,359
81$65,470,600$21,407,402$15,182,386$51,262,574
82$72,074,034$22,381,797$15,616,429$55,951,766
83$79,348,669$23,401,589$16,062,663$61,098,557
84$87,362,895$24,468,927$16,521,423$66,748,782
85$96,192,072$25,586,067$16,993,052$72,952,914
86$105,919,247$26,755,368$17,477,903$79,766,537
87$116,635,934$27,979,305$17,976,337$87,250,868
88$128,442,982$29,260,473$18,488,727$95,473,322
89$141,451,518$30,601,589$19,015,451$104,508,151
90$155,784,007$32,005,501$19,556,903$114,437,137
91$171,575,400$33,475,194$20,113,483$125,350,352
92$188,974,409$35,013,797$20,685,604$137,347,013
93$208,144,914$36,624,589$21,273,687$150,536,400
94$229,267,508$38,311,006$21,878,167$165,038,890
95$252,541,197$40,076,649$22,499,490$180,987,082
96$278,185,288$41,925,293$23,138,111$198,527,040
97$306,441,450$43,860,895$23,794,501$217,819,667
98$337,576,000$45,887,601$24,469,139$239,042,215
99$371,882,417$48,009,758$25,162,519$262,389,947
100$409,684,108$50,231,921$25,875,148$288,077,975