Can I retire at age 60 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$784,501$777,513$770,696$764,041$757,543$738,930
2 years$388,367$381,134$374,124$367,327$360,735$342,097
3 years$256,339$249,075$242,083$235,350$228,865$210,786
4 years$190,339$183,097$176,174$169,557$163,228$145,846
5 years$150,748$143,550$136,719$130,236$124,084$107,447
6 years$124,364$117,219$110,489$104,151$98,183$82,309
7 years$105,525$98,441$91,817$85,628$79,849$64,740
8 years$91,402$84,382$77,868$71,831$66,243$51,891
9 years$80,423$73,470$67,068$61,184$55,786$42,180
10 years$71,646$64,760$58,471$52,741$47,532$34,657
11 years$64,469$57,652$51,477$45,901$40,879$28,715
12 years$58,492$51,745$45,685$40,261$35,425$23,952
13 years$53,439$46,763$40,816$35,545$30,891$20,087
14 years$49,111$42,506$36,673$31,552$27,079$16,920
15 years$45,364$38,830$33,111$28,139$23,843$14,304
16 years$42,089$35,626$30,020$25,196$21,072$12,129
17 years$39,201$32,810$27,317$22,638$18,684$10,310
18 years$36,638$30,318$24,937$20,401$16,613$8,782
19 years$34,347$28,098$22,829$18,434$14,808$7,494
20 years$32,287$26,110$20,951$16,696$13,226$6,404
21 years$30,427$24,321$19,271$15,153$11,836$5,480
22 years$28,737$22,702$17,761$13,777$10,609$4,694
23 years$27,197$21,233$16,399$12,547$9,524$4,025
24 years$25,787$19,894$15,167$11,444$8,560$3,453
25 years$24,492$18,670$14,047$10,451$7,703$2,965
26 years$23,299$17,546$13,028$9,556$6,938$2,547
27 years$22,196$16,513$12,098$8,747$6,256$2,189
28 years$21,173$15,560$11,246$8,014$5,644$1,883
29 years$20,223$14,679$10,466$7,349$5,097$1,619
30 years$19,338$13,863$9,748$6,745$4,605$1,393
31 years$18,511$13,105$9,088$6,194$4,164$1,199
32 years$17,738$12,400$8,479$5,693$3,766$1,032
33 years$17,013$11,743$7,917$5,235$3,408$889
34 years$16,332$11,130$7,397$4,817$3,086$766
35 years$15,692$10,557$6,916$4,434$2,795$659
36 years$15,088$10,020$6,470$4,084$2,533$568
37 years$14,519$9,516$6,056$3,762$2,295$489
38 years$13,980$9,044$5,671$3,468$2,081$422
39 years$13,471$8,600$5,313$3,198$1,887$363
40 years$12,988$8,182$4,980$2,949$1,712$313
41 years$12,530$7,789$4,670$2,721$1,553$270
42 years$12,095$7,418$4,380$2,511$1,409$232
43 years$11,681$7,068$4,110$2,318$1,279$200
44 years$11,287$6,737$3,858$2,140$1,161$173
45 years$10,912$6,424$3,623$1,977$1,054$149
46 years$10,554$6,128$3,403$1,826$957$128
47 years$10,213$5,848$3,197$1,687$869$111
48 years$9,886$5,583$3,004$1,559$789$95
49 years$9,574$5,332$2,823$1,441$717$82
50 years$9,275$5,093$2,654$1,332$651$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,500,000, adding $5,160 every year, while hoping to spend $23,821 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: 47/24/29 Blend
59$9,500,000$9,500,000$9,500,000$9,500,000
60$10,474,323$9,970,823$9,823,573$10,879,227
61$11,517,358$10,434,047$10,127,317$11,629,244
62$12,665,985$10,919,172$10,440,438$12,440,202
63$13,930,948$11,427,244$10,763,226$13,320,090
64$15,324,088$11,959,362$11,095,977$14,275,409
65$16,858,452$12,516,678$11,438,999$15,313,297
66$18,548,417$13,100,399$11,792,609$16,441,600
67$20,409,827$13,711,789$12,157,132$17,668,940
68$22,460,138$14,352,176$12,532,905$19,004,794
69$24,718,590$15,022,950$12,920,275$20,459,579
70$27,206,380$15,725,569$13,319,598$22,044,751
71$29,946,869$16,461,560$13,731,244$23,772,903
72$32,965,800$17,232,527$14,155,590$25,657,885
73$36,291,539$18,040,147$14,593,029$27,714,929
74$39,955,344$18,886,183$15,043,965$29,960,791
75$43,991,663$19,772,480$15,508,811$32,413,901
76$48,438,454$20,700,973$15,987,998$35,094,534
77$53,337,547$21,673,690$16,481,966$38,024,999
78$58,735,035$22,692,760$16,991,170$41,229,843
79$64,681,715$23,760,411$17,516,080$44,736,075
80$71,233,560$24,878,982$18,057,180$48,573,422
81$78,452,255$26,050,924$18,614,967$52,774,598
82$86,405,772$27,278,806$19,189,955$57,375,610
83$95,169,016$28,565,323$19,782,674$62,416,091
84$104,824,532$29,913,300$20,393,670$67,939,670
85$115,463,281$31,325,699$21,023,505$73,994,373
86$127,185,502$32,805,624$21,672,759$80,633,074
87$140,101,656$34,356,333$22,342,029$87,913,984
88$154,333,470$35,981,237$23,031,931$95,901,193
89$170,015,083$37,683,918$23,743,101$104,665,272
90$187,294,319$39,468,127$24,476,192$114,283,922
91$206,334,075$41,337,801$25,231,879$124,842,709
92$227,313,861$43,297,063$26,010,858$136,435,856
93$250,431,497$45,350,242$26,813,844$149,167,124
94$275,904,978$47,501,872$27,641,576$163,150,787
95$303,974,533$49,756,711$28,494,816$178,512,693
96$334,904,890$52,119,744$29,374,347$195,391,448
97$368,987,780$54,596,203$30,280,979$213,939,708
98$406,544,687$57,191,570$31,215,545$234,325,614
99$447,929,882$59,911,594$32,178,903$256,734,363
100$493,533,773$62,762,305$33,171,939$281,369,946