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%18.8%
1 years$677,148$671,117$665,232$659,488$653,880$630,679
2 years$335,222$328,979$322,928$317,062$311,371$288,245
3 years$221,261$214,991$208,956$203,144$197,547$175,221
4 years$164,292$158,041$152,066$146,354$140,892$119,537
5 years$130,120$123,906$118,010$112,414$107,104$86,776
6 years$107,345$101,179$95,369$89,898$84,748$65,462
7 years$91,085$84,970$79,252$73,910$68,922$50,675
8 years$78,894$72,835$67,212$62,002$57,178$39,954
9 years$69,418$63,416$57,890$52,812$48,152$31,928
10 years$61,842$55,898$50,470$45,524$41,028$25,777
11 years$55,647$49,763$44,433$39,620$35,285$20,976
12 years$50,488$44,664$39,433$34,752$30,578$17,176
13 years$46,126$40,363$35,231$30,681$26,664$14,134
14 years$42,391$36,689$31,655$27,235$23,374$11,677
15 years$39,156$33,516$28,580$24,289$20,580$9,678
16 years$36,329$30,751$25,912$21,748$18,189$8,043
17 years$33,837$28,320$23,579$19,540$16,127$6,698
18 years$31,624$26,169$21,525$17,610$14,340$5,588
19 years$29,647$24,253$19,705$15,912$12,781$4,669
20 years$27,869$22,537$18,084$14,411$11,416$3,906
21 years$26,263$20,993$16,634$13,079$10,216$3,271
22 years$24,805$19,596$15,331$11,892$9,158$2,741
23 years$23,475$18,328$14,155$10,830$8,220$2,299
24 years$22,259$17,172$13,091$9,878$7,389$1,929
25 years$21,141$16,115$12,125$9,021$6,649$1,620
26 years$20,111$15,145$11,245$8,248$5,989$1,360
27 years$19,159$14,254$10,442$7,550$5,400$1,143
28 years$18,276$13,431$9,707$6,917$4,872$961
29 years$17,456$12,671$9,034$6,343$4,399$808
30 years$16,692$11,966$8,414$5,822$3,975$679
31 years$15,978$11,312$7,845$5,347$3,594$571
32 years$15,311$10,703$7,319$4,914$3,251$480
33 years$14,685$10,136$6,834$4,519$2,942$404
34 years$14,097$9,607$6,385$4,157$2,664$340
35 years$13,544$9,112$5,970$3,827$2,413$286
36 years$13,023$8,649$5,585$3,525$2,186$241
37 years$12,532$8,214$5,227$3,248$1,981$203
38 years$12,067$7,806$4,895$2,993$1,796$170
39 years$11,627$7,423$4,586$2,760$1,629$143
40 years$11,211$7,062$4,298$2,546$1,477$121
41 years$10,815$6,723$4,031$2,349$1,340$102
42 years$10,440$6,403$3,781$2,168$1,216$86
43 years$10,083$6,100$3,548$2,001$1,104$72
44 years$9,743$5,815$3,330$1,848$1,002$61
45 years$9,419$5,545$3,127$1,706$910$51
46 years$9,110$5,290$2,937$1,576$826$43
47 years$8,815$5,048$2,759$1,456$750$36
48 years$8,533$4,819$2,593$1,346$681$30
49 years$8,264$4,602$2,437$1,244$619$26
50 years$8,006$4,396$2,291$1,149$562$22

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 $6,040 every year, while hoping to spend $21,107 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: 35/37/28 Blend
59$8,200,000$8,200,000$8,200,000$8,200,000
60$9,042,630$8,608,030$8,480,930$9,282,595
61$9,942,521$9,007,366$8,742,584$9,862,208
62$10,933,493$9,425,562$9,012,295$10,484,834
63$12,024,814$9,863,520$9,290,312$11,156,240
64$13,226,698$10,322,185$9,576,890$11,880,805
65$14,550,397$10,802,548$9,872,292$12,663,332
66$16,008,313$11,305,648$10,176,789$13,509,084
67$17,614,110$11,832,574$10,490,661$14,423,836
68$19,382,846$12,384,467$10,814,195$15,413,923
69$21,331,115$12,962,524$11,147,689$16,486,293
70$23,477,200$13,567,999$11,491,448$17,648,575
71$25,841,251$14,202,207$11,845,788$18,909,143
72$28,445,470$14,866,527$12,211,033$20,277,189
73$31,314,325$15,562,404$12,587,520$21,762,807
74$34,474,776$16,291,352$12,975,592$23,377,085
75$37,956,535$17,054,960$13,375,606$25,132,201
76$41,792,341$17,854,892$13,787,928$27,041,536
77$46,018,273$18,692,895$14,212,937$29,119,792
78$50,674,088$19,570,798$14,651,021$31,383,127
79$55,803,597$20,490,520$15,102,583$33,849,299
80$61,455,081$21,454,071$15,568,036$36,537,830
81$67,681,740$22,463,562$16,047,806$39,470,183
82$74,542,203$23,521,202$16,542,333$42,669,955
83$82,101,076$24,629,310$17,052,070$46,163,096
84$90,429,555$25,790,315$17,577,483$49,978,144
85$99,606,096$27,006,766$18,119,055$54,146,487
86$109,717,154$28,281,334$18,677,279$58,702,654
87$120,858,004$29,616,820$19,252,669$63,684,625
88$133,133,636$31,016,160$19,845,749$69,134,188
89$146,659,748$32,482,433$20,457,063$75,097,320
90$161,563,839$34,018,868$21,087,170$81,624,611
91$177,986,407$35,628,850$21,736,647$88,771,733
92$196,082,283$37,315,926$22,406,088$96,599,954
93$216,022,089$39,083,820$23,096,105$105,176,703
94$237,993,847$40,936,431$23,807,329$114,576,199
95$262,204,755$42,877,852$24,540,410$124,880,133
96$288,883,145$44,912,372$25,296,019$136,178,433
97$318,280,636$47,044,489$26,074,846$148,570,093
98$350,674,511$49,278,919$26,877,604$162,164,099
99$386,370,333$51,620,607$27,705,025$177,080,436
100$425,704,829$54,074,739$28,557,865$193,451,214