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%19%
1 years$767,985$761,144$754,470$747,956$741,595$714,714
2 years$380,191$373,110$366,248$359,594$353,141$326,353
3 years$250,943$243,832$236,987$230,396$224,047$198,196
4 years$186,331$179,242$172,466$165,987$159,792$135,074
5 years$147,575$140,528$133,840$127,494$121,471$97,952
6 years$121,745$114,752$108,163$101,958$96,116$73,812
7 years$103,303$96,368$89,884$83,825$78,168$57,073
8 years$89,478$82,605$76,229$70,319$64,848$44,945
9 years$78,730$71,923$65,656$59,896$54,611$35,873
10 years$70,137$63,396$57,240$51,631$46,532$28,925
11 years$63,111$56,438$50,393$44,934$40,019$23,508
12 years$57,261$50,656$44,723$39,414$34,679$19,223
13 years$52,314$45,778$39,957$34,796$30,241$15,797
14 years$48,077$41,611$35,901$30,888$26,509$13,033
15 years$44,409$38,012$32,414$27,547$23,341$10,786
16 years$41,203$34,876$29,388$24,665$20,629$8,951
17 years$38,376$32,119$26,742$22,162$18,291$7,443
18 years$35,867$29,680$24,412$19,972$16,263$6,201
19 years$33,624$27,507$22,348$18,046$14,496$5,173
20 years$31,608$25,561$20,510$16,344$12,948$4,321
21 years$29,786$23,809$18,865$14,834$11,587$3,612
22 years$28,132$22,225$17,387$13,487$10,386$3,023
23 years$26,625$20,786$16,054$12,283$9,323$2,531
24 years$25,245$19,475$14,847$11,203$8,380$2,121
25 years$23,977$18,277$13,752$10,231$7,541$1,778
26 years$22,809$17,177$12,754$9,355$6,792$1,491
27 years$21,729$16,166$11,843$8,563$6,124$1,251
28 years$20,728$15,233$11,010$7,845$5,526$1,049
29 years$19,797$14,370$10,245$7,194$4,990$881
30 years$18,931$13,571$9,543$6,603$4,508$739
31 years$18,122$12,829$8,897$6,064$4,076$621
32 years$17,365$12,139$8,301$5,573$3,687$521
33 years$16,655$11,496$7,751$5,125$3,337$438
34 years$15,988$10,896$7,242$4,715$3,021$368
35 years$15,361$10,334$6,771$4,341$2,736$309
36 years$14,771$9,809$6,334$3,998$2,479$259
37 years$14,213$9,316$5,928$3,683$2,247$218
38 years$13,686$8,854$5,551$3,395$2,037$183
39 years$13,187$8,419$5,201$3,130$1,847$154
40 years$12,715$8,010$4,875$2,887$1,676$129
41 years$12,266$7,625$4,571$2,664$1,520$109
42 years$11,840$7,261$4,288$2,458$1,379$91
43 years$11,435$6,919$4,024$2,269$1,252$77
44 years$11,050$6,595$3,777$2,095$1,136$64
45 years$10,682$6,289$3,546$1,935$1,032$54
46 years$10,332$5,999$3,331$1,788$937$45
47 years$9,998$5,725$3,129$1,651$850$38
48 years$9,678$5,466$2,941$1,526$772$32
49 years$9,372$5,219$2,764$1,410$701$27
50 years$9,080$4,986$2,599$1,304$637$23

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 $3,877 every year, while hoping to spend $34,556 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: 64/10/26 Blend
59$9,300,000$9,300,000$9,300,000$9,300,000
60$10,252,599$9,759,699$9,615,549$10,838,224
61$11,261,597$10,201,157$9,900,903$11,676,053
62$12,372,354$10,663,088$10,194,657$12,586,930
63$13,595,214$11,146,459$10,497,058$13,581,447
64$14,941,574$11,652,284$10,808,357$14,667,815
65$16,423,991$12,181,622$11,128,814$15,855,072
66$18,056,303$12,735,587$11,458,694$17,153,165
67$19,853,759$13,315,343$11,798,274$18,573,047
68$21,833,160$13,922,113$12,147,834$20,126,769
69$24,013,021$14,557,175$12,507,665$21,827,603
70$26,413,744$15,221,872$12,878,066$23,690,159
71$29,057,810$15,917,607$13,259,345$25,730,523
72$31,969,990$16,645,854$13,651,817$27,966,404
73$35,177,584$17,408,156$14,055,808$30,417,307
74$38,710,673$18,206,130$14,471,652$33,104,705
75$42,602,403$19,041,472$14,899,694$36,052,248
76$46,889,302$19,915,958$15,340,288$39,285,978
77$51,611,620$20,831,449$15,793,797$42,834,577
78$56,813,712$21,789,897$16,260,596$46,729,634
79$62,544,455$22,793,347$16,741,071$51,005,938
80$68,857,711$23,843,941$17,235,617$55,701,807
81$75,812,830$24,943,928$17,744,643$60,859,447
82$83,475,218$26,095,659$18,268,568$66,525,347
83$91,916,948$27,301,605$18,807,823$72,750,713
84$101,217,444$28,564,350$19,362,852$79,591,950
85$111,464,226$29,886,606$19,934,111$87,111,195
86$122,753,742$31,271,215$20,522,069$95,376,893
87$135,192,274$32,721,155$21,127,208$104,464,445
88$148,896,943$34,239,548$21,750,026$114,456,915
89$163,996,811$35,829,666$22,391,033$125,445,810
90$180,634,107$37,494,940$23,050,753$137,531,940
91$198,965,559$39,238,966$23,729,726$150,826,367
92$219,163,883$41,065,512$24,428,509$165,451,447
93$241,419,407$42,978,530$25,147,672$181,541,984
94$265,941,870$44,982,162$25,887,803$199,246,494
95$292,962,401$47,080,748$26,649,504$218,728,607
96$322,735,702$49,278,840$27,433,398$240,168,603
97$355,542,450$51,581,210$28,240,124$263,765,110
98$391,691,949$53,992,859$29,070,337$289,736,977
99$431,525,049$56,519,030$29,924,714$318,325,328
100$475,417,361$59,165,219$30,803,949$349,795,839