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%19.3%
1 years$718,438$712,038$705,795$699,701$693,750$667,808
2 years$355,662$349,038$342,619$336,395$330,357$304,518
3 years$234,753$228,100$221,697$215,531$209,592$184,669
4 years$174,310$167,678$161,339$155,278$149,483$125,665
5 years$138,054$131,462$125,205$119,269$113,635$90,984
6 years$113,891$107,348$101,185$95,380$89,915$68,448
7 years$96,638$90,151$84,085$78,417$73,125$52,835
8 years$83,705$77,276$71,311$65,782$60,664$41,533
9 years$73,651$67,283$61,420$56,032$51,088$33,089
10 years$65,612$59,306$53,547$48,300$43,530$26,630
11 years$59,040$52,797$47,142$42,035$37,437$21,600
12 years$53,566$47,388$41,837$36,871$32,442$17,628
13 years$48,939$42,825$37,379$32,551$28,290$14,456
14 years$44,976$38,926$33,585$28,895$24,799$11,901
15 years$41,544$35,560$30,323$25,770$21,835$9,829
16 years$38,544$32,626$27,492$23,074$19,298$8,139
17 years$35,900$30,047$25,017$20,732$17,111$6,753
18 years$33,553$27,765$22,837$18,683$15,214$5,613
19 years$31,454$25,732$20,906$16,882$13,561$4,672
20 years$29,569$23,911$19,187$15,290$12,113$3,893
21 years$27,864$22,273$17,648$13,877$10,839$3,248
22 years$26,317$20,791$16,265$12,617$9,716$2,711
23 years$24,907$19,445$15,018$11,491$8,722$2,265
24 years$23,616$18,219$13,889$10,480$7,839$1,893
25 years$22,430$17,097$12,864$9,571$7,054$1,583
26 years$21,337$16,069$11,931$8,751$6,354$1,324
27 years$20,327$15,123$11,079$8,010$5,729$1,108
28 years$19,390$14,250$10,299$7,339$5,169$928
29 years$18,520$13,443$9,584$6,730$4,668$777
30 years$17,709$12,696$8,928$6,177$4,217$650
31 years$16,953$12,002$8,323$5,673$3,813$545
32 years$16,244$11,356$7,765$5,213$3,449$456
33 years$15,580$10,754$7,251$4,794$3,121$382
34 years$14,957$10,193$6,775$4,411$2,826$320
35 years$14,370$9,668$6,334$4,061$2,560$268
36 years$13,818$9,176$5,925$3,740$2,319$225
37 years$13,296$8,715$5,546$3,446$2,102$188
38 years$12,803$8,282$5,193$3,176$1,906$158
39 years$12,336$7,876$4,866$2,928$1,728$132
40 years$11,894$7,493$4,561$2,701$1,567$111
41 years$11,475$7,133$4,276$2,492$1,422$93
42 years$11,076$6,793$4,011$2,300$1,290$78
43 years$10,697$6,472$3,764$2,123$1,171$65
44 years$10,337$6,169$3,533$1,960$1,063$55
45 years$9,993$5,883$3,318$1,810$965$46
46 years$9,665$5,612$3,116$1,672$876$38
47 years$9,353$5,356$2,927$1,545$796$32
48 years$9,054$5,113$2,751$1,428$723$27
49 years$8,768$4,883$2,586$1,319$656$23
50 years$8,494$4,664$2,431$1,219$596$19

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 $2,112 every year, while hoping to spend $47,654 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: 76/5/19 Blend
59$8,700,000$8,700,000$8,700,000$8,700,000
60$9,589,579$9,128,479$8,993,629$10,276,098
61$10,517,012$9,525,070$9,244,212$11,127,415
62$11,537,447$9,939,498$9,501,592$12,054,464
63$12,660,318$10,372,586$9,765,947$13,069,660
64$13,896,023$10,825,195$10,037,459$14,181,789
65$15,256,017$11,298,229$10,316,314$15,400,530
66$16,752,922$11,792,634$10,602,702$16,736,542
67$18,400,647$12,309,399$10,896,818$18,201,564
68$20,214,515$12,849,562$11,198,865$19,808,524
69$22,211,414$13,414,209$11,509,045$21,571,663
70$24,409,950$14,004,477$11,827,569$23,506,663
71$26,830,624$14,621,556$12,154,652$25,630,803
72$29,496,030$15,266,694$12,490,515$27,963,110
73$32,431,061$15,941,198$12,835,383$30,524,549
74$35,663,147$16,646,434$13,189,486$33,338,209
75$39,222,516$17,383,838$13,553,062$36,429,528
76$43,142,475$18,154,908$13,926,352$39,826,529
77$47,459,726$18,961,218$14,309,604$43,560,081
78$52,214,714$19,804,413$14,703,071$47,664,194
79$57,452,005$20,686,219$15,107,014$52,176,334
80$63,220,708$21,608,442$15,521,697$57,137,779
81$69,574,939$22,572,975$15,947,394$62,594,005
82$76,574,332$23,581,800$16,384,381$68,595,115
83$84,284,600$24,636,995$16,832,944$75,196,311
84$92,778,156$25,740,734$17,293,374$82,458,409
85$102,134,795$26,895,297$17,765,968$90,448,421
86$112,442,448$28,103,071$18,251,033$99,240,175
87$123,798,015$29,366,558$18,748,879$108,915,018
88$136,308,272$30,688,379$19,259,826$119,562,579
89$150,090,885$32,071,279$19,784,200$131,281,613
90$165,275,519$33,518,135$20,322,334$144,180,934
91$182,005,059$35,031,961$20,874,570$158,380,438
92$200,436,963$36,615,915$21,441,256$174,012,231
93$220,744,743$38,273,305$22,022,748$191,221,879
94$243,119,609$40,007,598$22,619,412$210,169,776
95$267,772,266$41,822,428$23,231,619$231,032,657
96$294,934,909$43,721,599$23,859,750$254,005,264
97$324,863,413$45,709,100$24,504,195$279,302,184
98$357,839,746$47,789,112$25,165,351$307,159,868
99$394,174,634$49,966,012$25,843,624$337,838,865
100$434,210,490$52,244,390$26,539,429$371,626,276