Can I retire at age 60 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$776,243$769,329$762,583$755,999$749,569$719,829
2 years$384,279$377,122$370,186$363,461$356,938$327,344
3 years$253,641$246,453$239,535$232,873$226,456$197,940
4 years$188,335$181,169$174,320$167,772$161,510$134,289
5 years$149,162$142,039$135,279$128,865$122,778$96,921
6 years$123,055$115,985$109,326$103,054$97,150$72,674
7 years$104,414$97,404$90,850$84,727$79,009$55,905
8 years$90,440$83,494$77,048$71,075$65,545$43,790
9 years$79,577$72,696$66,362$60,540$55,199$34,758
10 years$70,892$64,078$57,856$52,186$47,032$27,867
11 years$63,790$57,045$50,935$45,418$40,449$22,515
12 years$57,876$51,201$45,204$39,837$35,052$18,301
13 years$52,876$46,270$40,386$35,170$30,566$14,946
14 years$48,594$42,058$36,287$31,220$26,794$12,254
15 years$44,887$38,421$32,763$27,843$23,592$10,077
16 years$41,646$35,251$29,704$24,930$20,850$8,307
17 years$38,789$32,465$27,030$22,400$18,487$6,862
18 years$36,252$29,999$24,675$20,187$16,438$5,678
19 years$33,985$27,802$22,588$18,240$14,652$4,705
20 years$31,948$25,835$20,730$16,520$13,087$3,903
21 years$30,106$24,065$19,068$14,993$11,712$3,240
22 years$28,435$22,463$17,574$13,632$10,498$2,692
23 years$26,911$21,010$16,227$12,415$9,423$2,239
24 years$25,516$19,685$15,007$11,323$8,470$1,862
25 years$24,235$18,473$13,899$10,341$7,622$1,550
26 years$23,054$17,362$12,891$9,455$6,865$1,290
27 years$21,962$16,339$11,970$8,655$6,190$1,075
28 years$20,951$15,397$11,128$7,930$5,585$895
29 years$20,010$14,525$10,356$7,272$5,043$746
30 years$19,134$13,717$9,646$6,674$4,557$621
31 years$18,317$12,967$8,993$6,129$4,120$518
32 years$17,551$12,270$8,390$5,633$3,727$432
33 years$16,834$11,620$7,834$5,180$3,373$360
34 years$16,160$11,013$7,320$4,766$3,054$300
35 years$15,527$10,445$6,843$4,387$2,766$250
36 years$14,929$9,914$6,402$4,041$2,506$209
37 years$14,366$9,416$5,992$3,723$2,271$174
38 years$13,833$8,949$5,611$3,431$2,059$145
39 years$13,329$8,509$5,257$3,164$1,867$121
40 years$12,851$8,096$4,927$2,918$1,694$101
41 years$12,398$7,707$4,620$2,692$1,536$84
42 years$11,968$7,340$4,334$2,485$1,394$70
43 years$11,558$6,993$4,067$2,294$1,265$58
44 years$11,169$6,666$3,818$2,118$1,149$49
45 years$10,797$6,357$3,585$1,956$1,043$41
46 years$10,443$6,064$3,367$1,807$947$34
47 years$10,105$5,787$3,163$1,669$860$28
48 years$9,782$5,524$2,972$1,542$781$24
49 years$9,473$5,275$2,794$1,425$709$20
50 years$9,178$5,039$2,627$1,318$644$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,400,000, adding $6,769 every year, while hoping to spend $54,050 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: 58/36/6 Blend
59$9,400,000$9,400,000$9,400,000$9,400,000
60$10,365,782$9,867,582$9,721,882$10,954,091
61$11,365,583$10,293,585$9,990,056$11,775,711
62$12,465,552$10,738,650$10,265,403$12,664,059
63$13,675,850$11,203,655$10,548,105$13,630,915
64$15,007,670$11,689,518$10,838,350$14,683,792
65$16,473,348$12,197,200$11,136,331$15,830,950
66$18,086,474$12,727,707$11,442,242$17,081,468
67$19,862,024$13,282,094$11,756,287$18,445,328
68$21,816,498$13,861,464$12,078,670$19,933,505
69$23,968,077$14,466,973$12,409,602$21,558,072
70$26,336,796$15,099,829$12,749,298$23,332,301
71$28,944,729$15,761,301$13,097,980$25,270,796
72$31,816,201$16,452,714$13,455,872$27,389,620
73$34,978,015$17,175,459$13,823,205$29,706,441
74$38,459,706$17,930,990$14,200,216$32,240,703
75$42,293,819$18,720,831$14,587,146$35,013,797
76$46,516,214$19,546,578$14,984,241$38,049,263
77$51,166,409$20,409,901$15,391,755$41,373,004
78$56,287,949$21,312,552$15,809,944$45,013,531
79$61,928,816$22,256,364$16,239,074$49,002,221
80$68,141,887$23,243,257$16,679,414$53,373,612
81$74,985,424$24,275,242$17,131,239$58,165,722
82$82,523,634$25,354,425$17,594,833$63,420,400
83$90,827,267$26,483,014$18,070,482$69,183,719
84$99,974,287$27,663,320$18,558,481$75,506,402
85$110,050,606$28,897,764$19,059,132$82,444,294
86$121,150,895$30,188,883$19,572,741$90,058,883
87$133,379,481$31,539,333$20,099,622$98,417,872
88$146,851,326$32,951,897$20,640,097$107,595,811
89$161,693,113$34,429,492$21,194,492$117,674,795
90$178,044,445$35,975,172$21,763,142$128,745,225
91$196,059,161$37,592,138$22,346,390$140,906,660
92$215,906,784$39,283,741$22,944,583$154,268,739
93$237,774,127$41,053,495$23,558,077$168,952,216
94$261,867,051$42,905,080$24,187,236$185,090,082
95$288,412,413$44,842,351$24,832,431$202,828,812
96$317,660,201$46,869,349$25,494,040$222,329,740
97$349,885,900$48,990,306$26,172,449$243,770,567
98$385,393,088$51,209,657$26,868,052$267,347,028
99$424,516,302$53,532,049$27,581,251$293,274,724
100$467,624,198$55,962,352$28,312,455$321,791,152