Can I retire at age 60 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$759,727$752,960$746,358$739,913$733,621$712,135
2 years$376,103$369,098$362,310$355,728$349,343$327,871
3 years$248,244$241,210$234,438$227,918$221,638$200,851
4 years$184,328$177,315$170,611$164,202$158,074$138,133
5 years$145,988$139,017$132,401$126,123$120,165$101,125
6 years$120,436$113,518$107,000$100,862$95,083$76,959
7 years$102,192$95,332$88,917$82,924$77,328$60,121
8 years$88,516$81,717$75,409$69,563$64,151$47,851
9 years$77,884$71,149$64,950$59,252$54,024$38,615
10 years$69,383$62,715$56,625$51,076$46,031$31,491
11 years$62,433$55,831$49,851$44,451$39,588$25,892
12 years$56,645$50,111$44,242$38,990$34,307$21,428
13 years$51,751$45,286$39,527$34,422$29,916$17,825
14 years$47,560$41,164$35,515$30,556$26,224$14,891
15 years$43,932$37,604$32,066$27,251$23,090$12,483
16 years$40,759$34,501$29,072$24,400$20,407$10,494
17 years$37,963$31,774$26,455$21,923$18,094$8,843
18 years$35,481$29,360$24,150$19,757$16,088$7,466
19 years$33,262$27,211$22,108$17,852$14,340$6,314
20 years$31,268$25,286$20,289$16,169$12,809$5,347
21 years$29,466$23,553$18,662$14,674$11,462$4,533
22 years$27,830$21,986$17,200$13,342$10,274$3,847
23 years$26,338$20,563$15,881$12,151$9,223$3,267
24 years$24,973$19,266$14,688$11,082$8,290$2,777
25 years$23,719$18,080$13,604$10,121$7,460$2,362
26 years$22,563$16,992$12,617$9,254$6,719$2,009
27 years$21,495$15,992$11,716$8,471$6,058$1,710
28 years$20,505$15,069$10,891$7,761$5,466$1,456
29 years$19,585$14,216$10,135$7,117$4,936$1,240
30 years$18,727$13,425$9,441$6,532$4,460$1,057
31 years$17,927$12,691$8,801$5,999$4,032$901
32 years$17,178$12,009$8,212$5,513$3,647$768
33 years$16,476$11,372$7,667$5,070$3,301$654
34 years$15,817$10,778$7,164$4,664$2,989$558
35 years$15,196$10,223$6,698$4,294$2,707$476
36 years$14,612$9,703$6,266$3,955$2,453$406
37 years$14,060$9,216$5,864$3,644$2,223$346
38 years$13,539$8,758$5,492$3,358$2,015$295
39 years$13,045$8,328$5,145$3,097$1,827$252
40 years$12,578$7,924$4,823$2,856$1,658$215
41 years$12,134$7,543$4,522$2,635$1,504$183
42 years$11,713$7,183$4,242$2,432$1,365$156
43 years$11,312$6,844$3,980$2,245$1,238$133
44 years$10,931$6,524$3,736$2,073$1,124$114
45 years$10,568$6,221$3,508$1,914$1,020$97
46 years$10,221$5,935$3,295$1,768$927$83
47 years$9,890$5,664$3,096$1,634$841$71
48 years$9,574$5,407$2,909$1,510$764$60
49 years$9,272$5,163$2,734$1,395$694$51
50 years$8,982$4,932$2,571$1,290$630$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,200,000, adding $5,308 every year, while hoping to spend $43,552 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: 80/12/8 Blend
59$9,200,000$9,200,000$9,200,000$9,200,000
60$10,143,875$9,656,275$9,513,675$10,944,469
61$11,132,211$10,083,094$9,786,044$11,896,706
62$12,219,898$10,529,367$10,066,078$12,935,072
63$13,417,024$10,996,001$10,353,987$14,073,138
64$14,734,703$11,483,948$10,649,989$15,320,840
65$16,185,183$11,994,202$10,954,304$16,689,119
66$17,781,960$12,527,806$11,267,161$18,190,024
67$19,539,903$13,085,852$11,588,795$19,836,820
68$21,475,399$13,669,484$11,919,445$21,644,117
69$23,606,501$14,279,901$12,259,358$23,628,003
70$25,953,105$14,918,357$12,608,787$25,806,198
71$28,537,133$15,586,168$12,967,993$28,198,214
72$31,382,742$16,284,711$13,337,242$30,825,544
73$34,516,549$17,015,429$13,716,807$33,711,859
74$37,967,887$17,779,835$14,106,970$36,883,232
75$41,769,077$18,579,513$14,508,019$40,368,380
76$45,955,735$19,416,121$14,920,250$44,198,937
77$50,567,108$20,291,399$15,343,966$48,409,745
78$55,646,443$21,207,168$15,779,479$53,039,189
79$61,241,398$22,165,336$16,227,109$58,129,548
80$67,404,487$23,167,904$16,687,183$63,727,399
81$74,193,579$24,216,966$17,160,039$69,884,052
82$81,672,445$25,314,718$17,646,021$76,656,031
83$89,911,356$26,463,460$18,145,484$84,105,606
84$98,987,747$27,665,603$18,658,790$92,301,379
85$108,986,952$28,923,672$19,186,314$101,318,927
86$120,003,002$30,240,313$19,728,437$111,241,516
87$132,139,521$31,618,301$20,285,552$122,160,880
88$145,510,694$33,060,540$20,858,061$134,178,086
89$160,242,356$34,570,077$21,446,376$147,404,485
90$176,473,168$36,150,103$22,050,922$161,962,760
91$194,355,935$37,803,962$22,672,132$177,988,080
92$214,059,043$39,535,159$23,310,451$195,629,374
93$235,768,051$41,347,367$23,966,336$215,050,728
94$259,687,439$43,244,435$24,640,255$236,432,938
95$286,042,543$45,230,397$25,332,689$259,975,207
96$315,081,677$47,309,482$26,044,129$285,897,023
97$347,078,481$49,486,119$26,775,081$314,440,226
98$382,334,501$51,764,954$27,526,061$345,871,286
99$421,182,037$54,150,853$28,297,600$380,483,816
100$463,987,278$56,648,918$29,090,243$418,601,336