Can I retire at age 60 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$743,212$736,591$730,133$723,828$717,673$713,748
2 years$367,927$361,074$354,433$347,994$341,749$337,789
3 years$242,848$235,966$229,342$222,963$216,820$212,947
4 years$180,321$173,460$166,902$160,633$154,638$150,882
5 years$142,814$135,995$129,523$123,381$117,553$113,925
6 years$117,818$111,050$104,674$98,669$93,016$89,520
7 years$99,971$93,260$86,984$81,121$75,647$72,286
8 years$86,591$79,941$73,770$68,051$62,756$59,530
9 years$76,191$69,603$63,538$57,964$52,850$49,757
10 years$67,875$61,351$55,394$49,966$45,031$42,071
11 years$61,076$54,618$48,768$43,485$38,728$35,898
12 years$55,414$49,022$43,280$38,142$33,561$30,859
13 years$50,626$44,301$38,668$33,674$29,266$26,689
14 years$46,527$40,269$34,743$29,892$25,654$23,200
15 years$42,977$36,786$31,369$26,658$22,588$20,253
16 years$39,873$33,751$28,440$23,870$19,963$17,745
17 years$37,138$31,083$25,879$21,447$17,701$15,595
18 years$34,710$28,722$23,625$19,328$15,739$13,742
19 years$32,539$26,619$21,627$17,464$14,028$12,136
20 years$30,588$24,736$19,848$15,817$12,530$10,740
21 years$28,825$23,041$18,257$14,355$11,213$9,521
22 years$27,225$21,508$16,826$13,052$10,051$8,453
23 years$25,766$20,116$15,536$11,887$9,022$7,515
24 years$24,430$18,847$14,368$10,841$8,110$6,689
25 years$23,203$17,687$13,308$9,901$7,297$5,959
26 years$22,073$16,623$12,342$9,053$6,573$5,315
27 years$21,028$15,644$11,461$8,286$5,926$4,743
28 years$20,059$14,741$10,654$7,592$5,347$4,236
29 years$19,159$13,907$9,915$6,962$4,829$3,786
30 years$18,320$13,133$9,235$6,390$4,363$3,386
31 years$17,537$12,416$8,610$5,868$3,944$3,029
32 years$16,804$11,748$8,033$5,393$3,568$2,711
33 years$16,118$11,125$7,501$4,959$3,229$2,428
34 years$15,473$10,544$7,008$4,563$2,924$2,174
35 years$14,866$10,001$6,552$4,201$2,648$1,948
36 years$14,294$9,492$6,129$3,869$2,399$1,746
37 years$13,754$9,016$5,737$3,564$2,175$1,565
38 years$13,244$8,568$5,372$3,285$1,971$1,404
39 years$12,762$8,147$5,033$3,029$1,788$1,259
40 years$12,304$7,752$4,718$2,794$1,622$1,129
41 years$11,870$7,379$4,424$2,578$1,471$1,013
42 years$11,458$7,027$4,150$2,379$1,335$909
43 years$11,066$6,696$3,894$2,196$1,211$816
44 years$10,693$6,382$3,655$2,028$1,100$732
45 years$10,338$6,086$3,432$1,873$998$657
46 years$9,999$5,806$3,223$1,730$906$590
47 years$9,675$5,541$3,028$1,598$823$530
48 years$9,366$5,289$2,846$1,477$747$476
49 years$9,070$5,051$2,675$1,365$679$427
50 years$8,787$4,825$2,515$1,262$617$384

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,000,000, adding $4,096 every year, while hoping to spend $48,205 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: 70/6/24 Blend
59$9,000,000$9,000,000$9,000,000$9,000,000
60$9,922,225$9,445,225$9,305,725$10,556,331
61$10,883,002$9,856,751$9,566,177$11,392,552
62$11,940,163$10,286,827$9,833,739$12,301,614
63$13,103,488$10,736,309$10,108,597$13,295,606
64$14,383,753$11,206,098$10,390,944$14,382,946
65$15,792,831$11,697,132$10,680,977$15,572,900
66$17,343,807$12,210,399$10,978,896$16,875,675
67$19,051,096$12,746,929$11,284,910$18,302,505
68$20,930,582$13,307,802$11,599,228$19,865,766
69$22,999,768$13,894,151$11,922,069$21,579,084
70$25,277,940$14,507,161$12,253,655$23,457,466
71$27,786,351$15,148,072$12,594,213$25,517,441
72$30,548,416$15,818,185$12,943,976$27,777,212
73$33,589,939$16,518,861$13,303,184$30,256,828
74$36,939,354$17,251,526$13,672,082$32,978,375
75$40,627,991$18,017,674$14,050,919$35,966,177
76$44,690,375$18,818,869$14,439,954$39,247,029
77$49,164,549$19,656,749$14,839,448$42,850,446
78$54,092,435$20,533,033$15,249,672$46,808,941
79$59,520,229$21,449,516$15,670,902$51,158,332
80$65,498,834$22,408,084$16,103,419$55,938,074
81$72,084,344$23,410,710$16,547,512$61,191,635
82$79,338,573$24,459,460$17,003,479$66,966,900
83$87,329,633$25,556,499$17,471,622$73,316,626
84$96,132,586$26,704,098$17,952,251$80,298,931
85$105,830,142$27,904,631$18,445,684$87,977,851
86$116,513,448$29,160,590$18,952,246$96,423,931
87$128,282,944$30,474,582$19,472,270$105,714,898
88$141,249,309$31,849,342$20,006,096$115,936,388
89$155,534,511$33,287,732$20,554,073$127,182,753
90$171,272,953$34,792,753$21,116,557$139,557,949
91$188,612,745$36,367,549$21,693,912$153,176,517
92$207,717,100$38,015,413$22,286,513$168,164,658
93$228,765,873$39,739,797$22,894,740$184,661,427
94$251,957,262$41,544,317$23,518,983$202,820,038
95$277,509,676$43,432,763$24,159,643$222,809,309
96$305,663,800$45,409,105$24,817,128$244,815,255
97$336,684,860$47,477,504$25,491,854$269,042,839
98$370,865,134$49,642,320$26,184,250$295,717,904
99$408,526,706$51,908,122$26,894,750$325,089,303
100$450,024,509$54,279,698$27,623,803$357,431,241