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%19.9%
1 years$668,890$662,932$657,119$651,446$645,905$620,278
2 years$331,134$324,967$318,990$313,195$307,574$282,073
3 years$218,563$212,369$206,408$200,667$195,138$170,565
4 years$162,289$156,114$150,212$144,569$139,174$115,717
5 years$128,533$122,395$116,571$111,043$105,798$83,517
6 years$106,036$99,945$94,206$88,802$83,714$62,623
7 years$89,974$83,934$78,286$73,009$68,082$48,173
8 years$77,932$71,947$66,393$61,245$56,481$37,734
9 years$68,572$62,642$57,184$52,168$47,565$29,951
10 years$61,087$55,216$49,854$44,969$40,528$24,013
11 years$54,968$49,156$43,891$39,136$34,855$19,401
12 years$49,872$44,120$38,952$34,328$30,205$15,770
13 years$45,564$39,871$34,801$30,306$26,339$12,879
14 years$41,874$36,242$31,269$26,903$23,089$10,559
15 years$38,679$33,108$28,232$23,992$20,329$8,683
16 years$35,886$30,376$25,596$21,483$17,967$7,158
17 years$33,424$27,975$23,291$19,302$15,931$5,913
18 years$31,239$25,850$21,262$17,395$14,165$4,893
19 years$29,285$23,957$19,464$15,718$12,625$4,054
20 years$27,529$22,262$17,863$14,236$11,277$3,363
21 years$25,943$20,737$16,431$12,920$10,092$2,792
22 years$24,502$19,357$15,144$11,747$9,046$2,320
23 years$23,189$18,104$13,983$10,698$8,120$1,929
24 years$21,987$16,962$12,931$9,757$7,299$1,605
25 years$20,883$15,918$11,977$8,911$6,568$1,335
26 years$19,866$14,961$11,108$8,148$5,916$1,112
27 years$18,925$14,080$10,315$7,458$5,334$926
28 years$18,053$13,267$9,589$6,833$4,813$771
29 years$17,243$12,516$8,923$6,266$4,346$643
30 years$16,488$11,820$8,312$5,751$3,927$535
31 years$15,783$11,174$7,749$5,281$3,550$446
32 years$15,124$10,573$7,230$4,854$3,211$372
33 years$14,506$10,013$6,751$4,463$2,906$310
34 years$13,925$9,490$6,307$4,107$2,631$259
35 years$13,379$9,001$5,897$3,781$2,383$216
36 years$12,865$8,543$5,516$3,482$2,159$180
37 years$12,379$8,114$5,163$3,208$1,957$150
38 years$11,920$7,711$4,835$2,957$1,774$125
39 years$11,486$7,333$4,530$2,726$1,609$104
40 years$11,074$6,976$4,246$2,515$1,459$87
41 years$10,683$6,641$3,981$2,320$1,324$72
42 years$10,312$6,325$3,735$2,141$1,201$60
43 years$9,960$6,026$3,504$1,977$1,090$50
44 years$9,624$5,744$3,290$1,825$990$42
45 years$9,304$5,477$3,089$1,685$898$35
46 years$8,999$5,225$2,901$1,557$816$29
47 years$8,708$4,987$2,726$1,438$741$24
48 years$8,429$4,760$2,561$1,329$673$20
49 years$8,163$4,546$2,407$1,228$611$17
50 years$7,908$4,342$2,263$1,135$555$14

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 $5,578 every year, while hoping to spend $42,836 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: 56/39/5 Blend
59$8,100,000$8,100,000$8,100,000$8,100,000
60$8,931,954$8,502,654$8,377,104$9,423,047
61$9,797,436$8,873,707$8,612,160$10,125,100
62$10,749,761$9,261,505$8,853,654$10,884,042
63$11,797,743$9,666,825$9,101,758$11,709,530
64$12,951,092$10,090,478$9,356,645$12,607,895
65$14,220,506$10,533,315$9,618,496$13,586,099
66$15,617,776$10,996,225$9,887,493$14,651,790
67$17,155,890$11,480,141$10,163,825$15,813,376
68$18,849,163$11,986,040$10,447,685$17,080,100
69$20,713,365$12,514,944$10,739,271$18,462,123
70$22,765,877$13,067,925$11,038,785$19,970,620
71$25,025,846$13,646,103$11,346,434$21,617,876
72$27,514,375$14,250,655$11,662,432$23,417,407
73$30,254,714$14,882,810$11,986,997$25,384,075
74$33,272,485$15,543,858$12,320,351$27,534,232
75$36,595,920$16,235,148$12,662,725$29,885,863
76$40,256,129$16,958,096$13,014,351$32,458,760
77$44,287,394$17,714,181$13,375,471$35,274,695
78$48,727,489$18,504,957$13,746,330$38,357,628
79$53,618,041$19,332,049$14,127,181$41,733,927
80$59,004,921$20,197,159$14,518,281$45,432,609
81$64,938,675$21,102,071$14,919,895$49,485,611
82$71,475,001$22,048,654$15,332,293$53,928,084
83$78,675,280$23,038,867$15,755,753$58,798,723
84$86,607,146$24,074,759$16,190,559$64,140,120
85$95,345,133$25,158,480$16,637,001$69,999,166
86$104,971,372$26,292,281$17,095,376$76,427,482
87$115,576,371$27,478,522$17,565,989$83,481,903
88$127,259,863$28,719,672$18,049,153$91,225,005
89$140,131,755$30,018,322$18,545,186$99,725,689
90$154,313,159$31,377,184$19,054,414$109,059,821
91$169,937,537$32,799,102$19,577,172$119,310,947
92$187,151,961$34,287,053$20,113,803$130,571,062
93$206,118,501$35,844,159$20,664,655$142,941,478
94$227,015,755$37,473,690$21,230,088$156,533,770
95$250,040,534$39,179,073$21,810,468$171,470,813
96$275,409,719$40,963,898$22,406,170$187,887,938
97$303,362,310$42,831,929$23,017,576$205,934,197
98$334,161,681$44,787,108$23,645,080$225,773,756
99$368,098,065$46,833,569$24,289,082$247,587,436
100$405,491,294$48,975,640$24,949,993$271,574,404