Can I retire at age 60 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$767,985$761,144$754,470$747,956$741,595$725,140
2 years$380,191$373,110$366,248$359,594$353,141$336,648
3 years$250,943$243,832$236,987$230,396$224,047$208,032
4 years$186,331$179,242$172,466$165,987$159,792$144,378
5 years$147,575$140,528$133,840$127,494$121,471$106,701
6 years$121,745$114,752$108,163$101,958$96,116$82,006
7 years$103,303$96,368$89,884$83,825$78,168$64,720
8 years$89,478$82,605$76,229$70,319$64,848$52,057
9 years$78,730$71,923$65,656$59,896$54,611$42,468
10 years$70,137$63,396$57,240$51,631$46,532$35,023
11 years$63,111$56,438$50,393$44,934$40,019$29,130
12 years$57,261$50,656$44,723$39,414$34,679$24,394
13 years$52,314$45,778$39,957$34,796$30,241$20,540
14 years$48,077$41,611$35,901$30,888$26,509$17,372
15 years$44,409$38,012$32,414$27,547$23,341$14,748
16 years$41,203$34,876$29,388$24,665$20,629$12,558
17 years$38,376$32,119$26,742$22,162$18,291$10,722
18 years$35,867$29,680$24,412$19,972$16,263$9,173
19 years$33,624$27,507$22,348$18,046$14,496$7,863
20 years$31,608$25,561$20,510$16,344$12,948$6,750
21 years$29,786$23,809$18,865$14,834$11,587$5,803
22 years$28,132$22,225$17,387$13,487$10,386$4,994
23 years$26,625$20,786$16,054$12,283$9,323$4,302
24 years$25,245$19,475$14,847$11,203$8,380$3,708
25 years$23,977$18,277$13,752$10,231$7,541$3,199
26 years$22,809$17,177$12,754$9,355$6,792$2,762
27 years$21,729$16,166$11,843$8,563$6,124$2,385
28 years$20,728$15,233$11,010$7,845$5,526$2,061
29 years$19,797$14,370$10,245$7,194$4,990$1,782
30 years$18,931$13,571$9,543$6,603$4,508$1,541
31 years$18,122$12,829$8,897$6,064$4,076$1,333
32 years$17,365$12,139$8,301$5,573$3,687$1,153
33 years$16,655$11,496$7,751$5,125$3,337$998
34 years$15,988$10,896$7,242$4,715$3,021$864
35 years$15,361$10,334$6,771$4,341$2,736$748
36 years$14,771$9,809$6,334$3,998$2,479$647
37 years$14,213$9,316$5,928$3,683$2,247$560
38 years$13,686$8,854$5,551$3,395$2,037$485
39 years$13,187$8,419$5,201$3,130$1,847$420
40 years$12,715$8,010$4,875$2,887$1,676$364
41 years$12,266$7,625$4,571$2,664$1,520$315
42 years$11,840$7,261$4,288$2,458$1,379$273
43 years$11,435$6,919$4,024$2,269$1,252$237
44 years$11,050$6,595$3,777$2,095$1,136$205
45 years$10,682$6,289$3,546$1,935$1,032$178
46 years$10,332$5,999$3,331$1,788$937$154
47 years$9,998$5,725$3,129$1,651$850$133
48 years$9,678$5,466$2,941$1,526$772$115
49 years$9,372$5,219$2,764$1,410$701$100
50 years$9,080$4,986$2,599$1,304$637$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,300,000, adding $4,861 every year, while hoping to spend $56,009 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: 31/47/22 Blend
59$9,300,000$9,300,000$9,300,000$9,300,000
60$10,253,614$9,760,714$9,616,564$10,501,372
61$11,239,890$10,179,396$9,879,126$11,108,432
62$12,324,888$10,616,716$10,148,606$11,756,089
63$13,518,620$11,073,528$10,425,178$12,452,118
64$14,832,115$11,550,727$10,709,017$13,200,768
65$16,277,527$12,049,249$11,000,305$14,006,693
66$17,868,245$12,570,073$11,299,226$14,874,994
67$19,619,025$13,114,225$11,605,969$15,811,259
68$21,546,123$13,682,780$11,920,727$16,821,615
69$23,667,453$14,276,861$12,243,696$17,912,782
70$26,002,752$14,897,647$12,575,079$19,092,129
71$28,573,771$15,546,369$12,915,082$20,367,740
72$31,404,474$16,224,319$13,263,915$21,748,487
73$34,521,267$16,932,848$13,621,794$23,244,107
74$37,953,251$17,673,372$13,988,938$24,865,288
75$41,732,487$18,447,372$14,365,573$26,623,766
76$45,894,308$19,256,400$14,751,926$28,532,427
77$50,477,645$20,102,081$15,148,233$30,605,427
78$55,525,399$20,986,118$15,554,734$32,858,314
79$61,084,844$21,910,292$15,971,671$35,308,173
80$67,208,071$22,876,469$16,399,296$37,973,777
81$73,952,484$23,886,606$16,837,862$40,875,758
82$81,381,336$24,942,749$17,287,629$44,036,793
83$89,564,331$26,047,042$17,748,863$47,481,811
84$98,578,277$27,201,731$18,221,835$51,238,222
85$108,507,815$28,409,170$18,706,820$55,336,163
86$119,446,215$29,671,821$19,204,100$59,808,776
87$131,496,255$30,992,267$19,713,964$64,692,510
88$144,771,194$32,373,209$20,236,703$70,027,457
89$159,395,841$33,817,482$20,772,618$75,857,718
90$175,507,728$35,328,049$21,322,012$82,231,809
91$193,258,413$36,908,021$21,885,196$89,203,109
92$212,814,909$38,560,651$22,462,487$96,830,349
93$234,361,257$40,289,350$23,054,208$105,178,158
94$258,100,268$42,097,692$23,660,687$114,317,654
95$284,255,435$43,989,418$24,282,260$124,327,111
96$313,073,040$45,968,450$24,919,266$135,292,674
97$344,824,483$48,038,897$25,572,054$147,309,164
98$379,808,840$50,205,063$26,240,978$160,480,953
99$418,355,688$52,471,457$26,926,396$174,922,937
100$460,828,213$54,842,804$27,628,676$190,761,603