Can I retire at age 60 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$718,438$712,038$705,795$699,701$693,750$684,797
2 years$355,662$349,038$342,619$336,395$330,357$321,350
3 years$234,753$228,100$221,697$215,531$209,592$200,811
4 years$174,310$167,678$161,339$155,278$149,483$140,995
5 years$138,054$131,462$125,205$119,269$113,635$105,465
6 years$113,891$107,348$101,185$95,380$89,915$82,073
7 years$96,638$90,151$84,085$78,417$73,125$65,614
8 years$83,705$77,276$71,311$65,782$60,664$53,483
9 years$73,651$67,283$61,420$56,032$51,088$44,234
10 years$65,612$59,306$53,547$48,300$43,530$36,997
11 years$59,040$52,797$47,142$42,035$37,437$31,221
12 years$53,566$47,388$41,837$36,871$32,442$26,535
13 years$48,939$42,825$37,379$32,551$28,290$22,684
14 years$44,976$38,926$33,585$28,895$24,799$19,486
15 years$41,544$35,560$30,323$25,770$21,835$16,806
16 years$38,544$32,626$27,492$23,074$19,298$14,544
17 years$35,900$30,047$25,017$20,732$17,111$12,622
18 years$33,553$27,765$22,837$18,683$15,214$10,981
19 years$31,454$25,732$20,906$16,882$13,561$9,574
20 years$29,569$23,911$19,187$15,290$12,113$8,361
21 years$27,864$22,273$17,648$13,877$10,839$7,314
22 years$26,317$20,791$16,265$12,617$9,716$6,406
23 years$24,907$19,445$15,018$11,491$8,722$5,618
24 years$23,616$18,219$13,889$10,480$7,839$4,931
25 years$22,430$17,097$12,864$9,571$7,054$4,333
26 years$21,337$16,069$11,931$8,751$6,354$3,809
27 years$20,327$15,123$11,079$8,010$5,729$3,352
28 years$19,390$14,250$10,299$7,339$5,169$2,951
29 years$18,520$13,443$9,584$6,730$4,668$2,599
30 years$17,709$12,696$8,928$6,177$4,217$2,290
31 years$16,953$12,002$8,323$5,673$3,813$2,019
32 years$16,244$11,356$7,765$5,213$3,449$1,781
33 years$15,580$10,754$7,251$4,794$3,121$1,571
34 years$14,957$10,193$6,775$4,411$2,826$1,386
35 years$14,370$9,668$6,334$4,061$2,560$1,223
36 years$13,818$9,176$5,925$3,740$2,319$1,080
37 years$13,296$8,715$5,546$3,446$2,102$953
38 years$12,803$8,282$5,193$3,176$1,906$842
39 years$12,336$7,876$4,866$2,928$1,728$744
40 years$11,894$7,493$4,561$2,701$1,567$657
41 years$11,475$7,133$4,276$2,492$1,422$580
42 years$11,076$6,793$4,011$2,300$1,290$513
43 years$10,697$6,472$3,764$2,123$1,171$453
44 years$10,337$6,169$3,533$1,960$1,063$400
45 years$9,993$5,883$3,318$1,810$965$354
46 years$9,665$5,612$3,116$1,672$876$313
47 years$9,353$5,356$2,927$1,545$796$276
48 years$9,054$5,113$2,751$1,428$723$244
49 years$8,768$4,883$2,586$1,319$656$216
50 years$8,494$4,664$2,431$1,219$596$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $8,700,000, adding $2,657 every year, while hoping to spend $48,777 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: 55/24/21 Blend
59$8,700,000$8,700,000$8,700,000$8,700,000
60$9,590,141$9,129,041$8,994,191$10,062,760
61$10,516,437$9,524,465$9,243,598$10,781,963
62$11,535,580$9,937,631$9,499,725$11,559,395
63$12,656,990$10,369,355$9,762,746$12,404,984
64$13,891,044$10,820,495$10,032,840$13,325,273
65$15,249,177$11,291,946$10,310,187$14,327,458
66$16,743,990$11,784,648$10,594,974$15,419,454
67$18,389,364$12,299,583$10,887,393$16,609,964
68$20,200,597$12,837,780$11,187,639$17,908,560
69$22,194,545$13,400,318$11,495,911$19,325,774
70$24,389,780$13,988,326$11,812,416$20,873,193
71$26,806,768$14,602,984$12,137,363$22,563,562
72$29,468,060$15,245,532$12,470,966$24,410,909
73$32,398,504$15,917,265$12,813,445$26,430,669
74$35,625,481$16,619,541$13,165,025$28,639,828
75$39,179,163$17,353,781$13,525,937$31,057,081
76$43,092,798$18,121,476$13,896,415$33,703,005
77$47,403,020$18,924,185$14,276,702$36,600,251
78$52,150,199$19,763,542$14,667,043$39,773,752
79$57,378,821$20,641,257$15,067,690$43,250,955
80$63,137,905$21,559,123$15,478,902$47,062,079
81$69,481,469$22,519,018$15,900,943$51,240,395
82$76,469,037$23,522,907$16,334,083$55,822,533
83$84,166,201$24,572,852$16,778,597$60,848,828
84$92,645,241$25,671,009$17,234,767$66,363,694
85$101,985,807$26,819,640$17,702,884$72,416,038
86$112,275,670$28,021,113$18,183,240$79,059,718
87$123,611,548$29,277,908$18,676,140$86,354,047
88$136,100,025$30,592,625$19,181,889$94,364,346
89$149,858,550$31,967,985$19,700,805$103,162,554
90$165,016,548$33,406,843$20,233,208$112,827,906
91$181,716,644$34,912,186$20,779,428$123,447,669
92$200,116,004$36,487,146$21,339,801$135,117,964
93$220,387,823$38,135,003$21,914,672$147,944,665
94$242,722,958$39,859,194$22,504,389$162,044,392
95$267,331,726$41,663,322$23,109,313$177,545,604
96$294,445,897$43,551,159$23,729,810$194,589,806
97$324,320,872$45,526,659$24,366,252$213,332,873
98$357,238,102$47,593,967$25,019,023$233,946,520
99$393,507,739$49,757,422$25,688,511$256,619,906
100$433,471,567$52,021,574$26,375,114$281,561,420