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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$767,985$761,144$754,470$747,956$741,595$724,845
2 years$380,191$373,110$366,248$359,594$353,141$336,355
3 years$250,943$243,832$236,987$230,396$224,047$207,750
4 years$186,331$179,242$172,466$165,987$159,792$144,109
5 years$147,575$140,528$133,840$127,494$121,471$106,447
6 years$121,745$114,752$108,163$101,958$96,116$81,766
7 years$103,303$96,368$89,884$83,825$78,168$64,494
8 years$89,478$82,605$76,229$70,319$64,848$51,845
9 years$78,730$71,923$65,656$59,896$54,611$42,270
10 years$70,137$63,396$57,240$51,631$46,532$34,838
11 years$63,111$56,438$50,393$44,934$40,019$28,958
12 years$57,261$50,656$44,723$39,414$34,679$24,234
13 years$52,314$45,778$39,957$34,796$30,241$20,391
14 years$48,077$41,611$35,901$30,888$26,509$17,235
15 years$44,409$38,012$32,414$27,547$23,341$14,621
16 years$41,203$34,876$29,388$24,665$20,629$12,442
17 years$38,376$32,119$26,742$22,162$18,291$10,614
18 years$35,867$29,680$24,412$19,972$16,263$9,075
19 years$33,624$27,507$22,348$18,046$14,496$7,773
20 years$31,608$25,561$20,510$16,344$12,948$6,668
21 years$29,786$23,809$18,865$14,834$11,587$5,727
22 years$28,132$22,225$17,387$13,487$10,386$4,925
23 years$26,625$20,786$16,054$12,283$9,323$4,239
24 years$25,245$19,475$14,847$11,203$8,380$3,652
25 years$23,977$18,277$13,752$10,231$7,541$3,148
26 years$22,809$17,177$12,754$9,355$6,792$2,715
27 years$21,729$16,166$11,843$8,563$6,124$2,343
28 years$20,728$15,233$11,010$7,845$5,526$2,023
29 years$19,797$14,370$10,245$7,194$4,990$1,747
30 years$18,931$13,571$9,543$6,603$4,508$1,510
31 years$18,122$12,829$8,897$6,064$4,076$1,305
32 years$17,365$12,139$8,301$5,573$3,687$1,128
33 years$16,655$11,496$7,751$5,125$3,337$975
34 years$15,988$10,896$7,242$4,715$3,021$843
35 years$15,361$10,334$6,771$4,341$2,736$729
36 years$14,771$9,809$6,334$3,998$2,479$631
37 years$14,213$9,316$5,928$3,683$2,247$546
38 years$13,686$8,854$5,551$3,395$2,037$472
39 years$13,187$8,419$5,201$3,130$1,847$409
40 years$12,715$8,010$4,875$2,887$1,676$354
41 years$12,266$7,625$4,571$2,664$1,520$306
42 years$11,840$7,261$4,288$2,458$1,379$265
43 years$11,435$6,919$4,024$2,269$1,252$229
44 years$11,050$6,595$3,777$2,095$1,136$198
45 years$10,682$6,289$3,546$1,935$1,032$172
46 years$10,332$5,999$3,331$1,788$937$149
47 years$9,998$5,725$3,129$1,651$850$129
48 years$9,678$5,466$2,941$1,526$772$111
49 years$9,372$5,219$2,764$1,410$701$96
50 years$9,080$4,986$2,599$1,304$637$84

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 $4,894 every year, while hoping to spend $34,810 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: 58/15/27 Blend
59$9,300,000$9,300,000$9,300,000$9,300,000
60$10,253,648$9,760,748$9,616,598$10,772,658
61$11,262,483$10,201,987$9,901,717$11,569,634
62$12,373,052$10,663,680$10,195,220$12,434,101
63$13,595,695$11,146,793$10,497,352$13,375,984
64$14,941,807$11,652,337$10,808,364$14,402,792
65$16,423,942$12,181,372$11,128,515$15,522,790
66$18,055,934$12,735,009$11,458,070$16,745,069
67$19,853,026$13,314,412$11,797,303$18,079,632
68$21,832,017$13,920,800$12,146,494$19,537,485
69$24,011,415$14,555,452$12,505,935$21,130,742
70$26,411,617$15,219,706$12,875,921$22,872,731
71$29,055,097$15,914,967$13,256,759$24,778,124
72$31,966,621$16,642,704$13,648,764$26,863,070
73$35,173,479$17,404,459$14,052,261$29,145,346
74$38,705,745$18,201,848$14,467,582$31,644,519
75$42,596,555$19,036,563$14,895,070$34,382,132
76$46,882,427$19,910,378$15,335,078$37,381,903
77$51,603,600$20,825,152$15,787,969$40,669,944
78$56,804,416$21,782,834$16,254,115$44,275,010
79$62,533,739$22,785,465$16,733,901$48,228,759
80$68,845,414$23,835,186$17,227,720$52,566,055
81$75,798,776$24,934,241$17,735,979$57,325,288
82$83,459,213$26,084,980$18,259,095$62,548,739
83$91,898,776$27,289,867$18,797,498$68,282,966
84$101,196,866$28,551,486$19,351,630$74,579,251
85$111,440,981$29,872,543$19,921,943$81,494,071
86$122,727,539$31,255,876$20,508,907$89,089,630
87$135,162,793$32,704,459$21,113,000$97,434,442
88$148,863,830$34,221,409$21,734,718$106,603,973
89$163,959,677$35,809,994$22,374,567$116,681,349
90$180,592,520$37,473,640$23,033,071$127,758,135
91$198,919,045$39,215,937$23,710,768$139,935,191
92$219,111,918$41,040,648$24,408,209$153,323,627
93$241,361,413$42,951,719$25,125,962$168,045,837
94$265,877,208$44,953,284$25,864,613$184,236,654
95$292,890,368$47,049,680$26,624,762$202,044,614
96$322,655,521$49,245,450$27,407,027$221,633,354
97$355,453,265$51,545,358$28,212,044$243,183,147
98$391,592,816$53,954,398$29,040,465$266,892,601
99$431,414,926$56,477,806$29,892,964$292,980,522
100$475,295,099$59,121,070$30,770,229$321,687,975