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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$784,501$777,513$770,696$764,041$757,543$729,505
2 years$388,367$381,134$374,124$367,327$360,735$332,803
3 years$256,339$249,075$242,083$235,350$228,865$201,919
4 years$190,339$183,097$176,174$169,557$163,228$137,473
5 years$150,748$143,550$136,719$130,236$124,084$99,586
6 years$124,364$117,219$110,489$104,151$98,183$74,960
7 years$105,525$98,441$91,817$85,628$79,849$57,895
8 years$91,402$84,382$77,868$71,831$66,243$45,538
9 years$80,423$73,470$67,068$61,184$55,786$36,302
10 years$71,646$64,760$58,471$52,741$47,532$29,234
11 years$64,469$57,652$51,477$45,901$40,879$23,728
12 years$58,492$51,745$45,685$40,261$35,425$19,377
13 years$53,439$46,763$40,816$35,545$30,891$15,902
14 years$49,111$42,506$36,673$31,552$27,079$13,101
15 years$45,364$38,830$33,111$28,139$23,843$10,827
16 years$42,089$35,626$30,020$25,196$21,072$8,972
17 years$39,201$32,810$27,317$22,638$18,684$7,450
18 years$36,638$30,318$24,937$20,401$16,613$6,197
19 years$34,347$28,098$22,829$18,434$14,808$5,162
20 years$32,287$26,110$20,951$16,696$13,226$4,305
21 years$30,427$24,321$19,271$15,153$11,836$3,594
22 years$28,737$22,702$17,761$13,777$10,609$3,002
23 years$27,197$21,233$16,399$12,547$9,524$2,510
24 years$25,787$19,894$15,167$11,444$8,560$2,100
25 years$24,492$18,670$14,047$10,451$7,703$1,757
26 years$23,299$17,546$13,028$9,556$6,938$1,471
27 years$22,196$16,513$12,098$8,747$6,256$1,232
28 years$21,173$15,560$11,246$8,014$5,644$1,032
29 years$20,223$14,679$10,466$7,349$5,097$865
30 years$19,338$13,863$9,748$6,745$4,605$725
31 years$18,511$13,105$9,088$6,194$4,164$608
32 years$17,738$12,400$8,479$5,693$3,766$509
33 years$17,013$11,743$7,917$5,235$3,408$427
34 years$16,332$11,130$7,397$4,817$3,086$358
35 years$15,692$10,557$6,916$4,434$2,795$300
36 years$15,088$10,020$6,470$4,084$2,533$252
37 years$14,519$9,516$6,056$3,762$2,295$211
38 years$13,980$9,044$5,671$3,468$2,081$177
39 years$13,471$8,600$5,313$3,198$1,887$149
40 years$12,988$8,182$4,980$2,949$1,712$125
41 years$12,530$7,789$4,670$2,721$1,553$105
42 years$12,095$7,418$4,380$2,511$1,409$88
43 years$11,681$7,068$4,110$2,318$1,279$74
44 years$11,287$6,737$3,858$2,140$1,161$62
45 years$10,912$6,424$3,623$1,977$1,054$52
46 years$10,554$6,128$3,403$1,826$957$43
47 years$10,213$5,848$3,197$1,687$869$36
48 years$9,886$5,583$3,004$1,559$789$31
49 years$9,574$5,332$2,823$1,441$717$26
50 years$9,275$5,093$2,654$1,332$651$22

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 $5,852 every year, while hoping to spend $31,409 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: 23/47/30 Blend
59$9,500,000$9,500,000$9,500,000$9,500,000
60$10,475,036$9,971,536$9,824,286$10,616,948
61$11,510,071$10,426,723$10,119,981$11,197,619
62$12,649,627$10,903,160$10,424,529$11,815,834
63$13,904,331$11,401,858$10,738,193$12,477,037
64$15,285,895$11,923,871$11,061,245$13,184,802
65$16,807,224$12,470,308$11,393,964$13,943,032
66$18,482,536$13,042,329$11,736,637$14,755,994
67$20,327,501$13,641,149$12,089,560$15,628,348
68$22,359,384$14,268,043$12,453,039$16,565,195
69$24,597,211$14,924,347$12,827,386$17,572,113
70$27,061,948$15,611,462$13,212,924$18,655,205
71$29,776,696$16,330,853$13,609,986$19,821,154
72$32,766,913$17,084,058$14,018,915$21,077,277
73$36,060,651$17,872,690$14,440,062$22,431,588
74$39,688,824$18,698,438$14,873,790$23,892,866
75$43,685,494$19,563,072$15,320,472$25,470,736
76$48,088,200$20,468,448$15,780,493$27,175,745
77$52,938,305$21,416,511$16,254,249$29,019,459
78$58,281,392$22,409,300$16,742,146$31,014,563
79$64,167,691$23,448,952$17,244,605$33,174,972
80$70,652,552$24,537,708$17,762,056$35,515,953
81$77,796,972$25,677,914$18,294,944$38,054,263
82$85,668,165$26,872,034$18,843,726$40,808,293
83$94,340,200$28,122,646$19,408,874$43,798,235
84$103,894,700$29,432,456$19,990,871$47,046,260
85$114,421,611$30,804,298$20,590,216$50,576,719
86$126,020,051$32,241,144$21,207,424$54,416,358
87$138,799,246$33,746,110$21,843,023$58,594,563
88$152,879,562$35,322,461$22,497,556$63,143,619
89$168,393,637$36,973,622$23,171,584$68,099,009
90$185,487,639$38,703,181$23,865,684$73,499,726
91$204,322,642$40,514,900$24,580,448$79,388,637
92$225,076,146$42,412,725$25,316,488$85,812,865
93$247,943,754$44,400,790$26,074,431$92,824,220
94$273,141,018$46,483,430$26,854,926$100,479,676
95$300,905,474$48,665,189$27,658,637$108,841,884
96$331,498,883$50,950,834$28,486,252$117,979,753
97$365,209,702$53,345,358$29,338,474$127,969,078
98$402,355,809$55,853,998$30,216,031$138,893,233
99$443,287,503$58,482,246$31,119,670$150,843,946
100$488,390,809$61,235,857$32,050,160$163,922,134