Can I retire at age 60 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$677,148$671,117$665,232$659,488$653,880$642,783
2 years$335,222$328,979$322,928$317,062$311,371$300,225
3 years$221,261$214,991$208,956$203,144$197,547$186,699
4 years$164,292$158,041$152,066$146,354$140,892$130,426
5 years$130,120$123,906$118,010$112,414$107,104$97,050
6 years$107,345$101,179$95,369$89,898$84,748$75,117
7 years$91,085$84,970$79,252$73,910$68,922$59,718
8 years$78,894$72,835$67,212$62,002$57,178$48,397
9 years$69,418$63,416$57,890$52,812$48,152$39,791
10 years$61,842$55,898$50,470$45,524$41,028$33,079
11 years$55,647$49,763$44,433$39,620$35,285$27,740
12 years$50,488$44,664$39,433$34,752$30,578$23,426
13 years$46,126$40,363$35,231$30,681$26,664$19,896
14 years$42,391$36,689$31,655$27,235$23,374$16,977
15 years$39,156$33,516$28,580$24,289$20,580$14,542
16 years$36,329$30,751$25,912$21,748$18,189$12,497
17 years$33,837$28,320$23,579$19,540$16,127$10,769
18 years$31,624$26,169$21,525$17,610$14,340$9,302
19 years$29,647$24,253$19,705$15,912$12,781$8,050
20 years$27,869$22,537$18,084$14,411$11,416$6,979
21 years$26,263$20,993$16,634$13,079$10,216$6,059
22 years$24,805$19,596$15,331$11,892$9,158$5,267
23 years$23,475$18,328$14,155$10,830$8,220$4,583
24 years$22,259$17,172$13,091$9,878$7,389$3,992
25 years$21,141$16,115$12,125$9,021$6,649$3,479
26 years$20,111$15,145$11,245$8,248$5,989$3,035
27 years$19,159$14,254$10,442$7,550$5,400$2,649
28 years$18,276$13,431$9,707$6,917$4,872$2,313
29 years$17,456$12,671$9,034$6,343$4,399$2,021
30 years$16,692$11,966$8,414$5,822$3,975$1,766
31 years$15,978$11,312$7,845$5,347$3,594$1,544
32 years$15,311$10,703$7,319$4,914$3,251$1,351
33 years$14,685$10,136$6,834$4,519$2,942$1,182
34 years$14,097$9,607$6,385$4,157$2,664$1,034
35 years$13,544$9,112$5,970$3,827$2,413$905
36 years$13,023$8,649$5,585$3,525$2,186$792
37 years$12,532$8,214$5,227$3,248$1,981$693
38 years$12,067$7,806$4,895$2,993$1,796$607
39 years$11,627$7,423$4,586$2,760$1,629$532
40 years$11,211$7,062$4,298$2,546$1,477$466
41 years$10,815$6,723$4,031$2,349$1,340$408
42 years$10,440$6,403$3,781$2,168$1,216$357
43 years$10,083$6,100$3,548$2,001$1,104$313
44 years$9,743$5,815$3,330$1,848$1,002$274
45 years$9,419$5,545$3,127$1,706$910$240
46 years$9,110$5,290$2,937$1,576$826$210
47 years$8,815$5,048$2,759$1,456$750$184
48 years$8,533$4,819$2,593$1,346$681$162
49 years$8,264$4,602$2,437$1,244$619$142
50 years$8,006$4,396$2,291$1,149$562$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $8,200,000, adding $6,959 every year, while hoping to spend $30,631 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: 42/37/21 Blend
59$8,200,000$8,200,000$8,200,000$8,200,000
60$9,043,578$8,608,978$8,481,878$9,367,509
61$9,933,432$8,998,227$8,733,430$9,987,748
62$10,913,024$9,405,522$8,992,382$10,655,497
63$11,991,476$9,831,716$9,258,950$11,377,993
64$13,178,838$10,277,701$9,533,356$12,160,282
65$14,486,183$10,744,413$9,815,828$13,007,901
66$15,925,716$11,232,831$10,106,600$13,926,931
67$17,510,882$11,743,983$10,405,914$14,924,046
68$19,256,499$12,278,945$10,714,019$16,006,576
69$21,178,893$12,838,844$11,031,170$17,182,570
70$23,296,055$13,424,863$11,357,629$18,460,871
71$25,627,811$14,038,239$11,693,668$19,851,195
72$28,196,006$14,680,271$12,039,564$21,364,217
73$31,024,713$15,352,319$12,395,604$23,011,669
74$34,140,458$16,055,807$12,762,081$24,806,445
75$37,572,473$16,792,230$13,139,299$26,762,721
76$41,352,969$17,563,153$13,527,569$28,896,080
77$45,517,441$18,370,216$13,927,211$31,223,657
78$50,105,002$19,215,139$14,338,555$33,764,294
79$55,158,755$20,099,724$14,761,940$36,538,715
80$60,726,197$21,025,860$15,197,714$39,569,711
81$66,859,668$21,995,525$15,646,236$42,882,354
82$73,616,843$23,010,795$16,107,874$46,504,223
83$81,061,282$24,073,845$16,583,009$50,465,663
84$89,263,022$25,186,952$17,072,029$54,800,060
85$98,299,244$26,352,507$17,575,336$59,544,149
86$108,255,000$27,573,013$18,093,342$64,738,359
87$119,224,014$28,851,094$18,626,473$70,427,179
88$131,309,568$30,189,502$19,175,165$76,659,574
89$144,625,477$31,591,121$19,739,865$83,489,441
90$159,297,161$33,058,972$20,321,037$90,976,101
91$175,462,834$34,596,224$20,919,154$99,184,859
92$193,274,803$36,206,199$21,534,706$108,187,603
93$212,900,907$37,892,377$22,168,193$118,063,477
94$234,526,105$39,658,408$22,820,132$128,899,615
95$258,354,215$41,508,118$23,491,054$140,791,954
96$284,609,846$43,445,517$24,181,506$153,846,125
97$313,540,512$45,474,808$24,892,047$168,178,443
98$345,418,970$47,600,400$25,623,257$183,916,985
99$380,545,797$49,826,911$26,375,727$201,202,794
100$419,252,223$52,159,185$27,150,070$220,191,188