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%19%
1 years$784,501$777,513$770,696$764,041$757,543$730,084
2 years$388,367$381,134$374,124$367,327$360,735$333,372
3 years$256,339$249,075$242,083$235,350$228,865$202,458
4 years$190,339$183,097$176,174$169,557$163,228$137,979
5 years$150,748$143,550$136,719$130,236$124,084$100,058
6 years$124,364$117,219$110,489$104,151$98,183$75,399
7 years$105,525$98,441$91,817$85,628$79,849$58,301
8 years$91,402$84,382$77,868$71,831$66,243$45,911
9 years$80,423$73,470$67,068$61,184$55,786$36,645
10 years$71,646$64,760$58,471$52,741$47,532$29,547
11 years$64,469$57,652$51,477$45,901$40,879$24,013
12 years$58,492$51,745$45,685$40,261$35,425$19,636
13 years$53,439$46,763$40,816$35,545$30,891$16,136
14 years$49,111$42,506$36,673$31,552$27,079$13,313
15 years$45,364$38,830$33,111$28,139$23,843$11,018
16 years$42,089$35,626$30,020$25,196$21,072$9,143
17 years$39,201$32,810$27,317$22,638$18,684$7,603
18 years$36,638$30,318$24,937$20,401$16,613$6,334
19 years$34,347$28,098$22,829$18,434$14,808$5,284
20 years$32,287$26,110$20,951$16,696$13,226$4,414
21 years$30,427$24,321$19,271$15,153$11,836$3,690
22 years$28,737$22,702$17,761$13,777$10,609$3,088
23 years$27,197$21,233$16,399$12,547$9,524$2,586
24 years$25,787$19,894$15,167$11,444$8,560$2,166
25 years$24,492$18,670$14,047$10,451$7,703$1,816
26 years$23,299$17,546$13,028$9,556$6,938$1,523
27 years$22,196$16,513$12,098$8,747$6,256$1,277
28 years$21,173$15,560$11,246$8,014$5,644$1,072
29 years$20,223$14,679$10,466$7,349$5,097$900
30 years$19,338$13,863$9,748$6,745$4,605$755
31 years$18,511$13,105$9,088$6,194$4,164$634
32 years$17,738$12,400$8,479$5,693$3,766$532
33 years$17,013$11,743$7,917$5,235$3,408$447
34 years$16,332$11,130$7,397$4,817$3,086$376
35 years$15,692$10,557$6,916$4,434$2,795$315
36 years$15,088$10,020$6,470$4,084$2,533$265
37 years$14,519$9,516$6,056$3,762$2,295$223
38 years$13,980$9,044$5,671$3,468$2,081$187
39 years$13,471$8,600$5,313$3,198$1,887$157
40 years$12,988$8,182$4,980$2,949$1,712$132
41 years$12,530$7,789$4,670$2,721$1,553$111
42 years$12,095$7,418$4,380$2,511$1,409$93
43 years$11,681$7,068$4,110$2,318$1,279$78
44 years$11,287$6,737$3,858$2,140$1,161$66
45 years$10,912$6,424$3,623$1,977$1,054$55
46 years$10,554$6,128$3,403$1,826$957$46
47 years$10,213$5,848$3,197$1,687$869$39
48 years$9,886$5,583$3,004$1,559$789$33
49 years$9,574$5,332$2,823$1,441$717$28
50 years$9,275$5,093$2,654$1,332$651$23

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 $2,866 every year, while hoping to spend $51,618 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: 55/26/19 Blend
59$9,500,000$9,500,000$9,500,000$9,500,000
60$10,471,956$9,968,456$9,821,206$10,994,168
61$11,485,175$10,401,989$10,095,296$11,784,696
62$12,600,011$10,855,036$10,376,837$12,639,377
63$13,826,777$11,328,497$10,666,025$13,568,972
64$15,176,832$11,823,317$10,963,061$14,580,664
65$16,662,693$12,340,484$11,268,148$15,682,348
66$18,298,154$12,881,034$11,581,497$16,882,709
67$20,098,412$13,446,051$11,903,324$18,191,295
68$22,080,213$14,036,670$12,233,847$19,618,610
69$24,262,007$14,654,080$12,573,294$21,176,205
70$26,664,128$15,299,525$12,921,895$22,876,788
71$29,308,977$15,974,311$13,279,887$24,734,342
72$32,221,242$16,679,801$13,647,513$26,764,248
73$35,428,125$17,417,428$14,025,021$28,983,432
74$38,959,600$18,188,688$14,412,665$31,410,521
75$42,848,696$18,995,150$14,810,706$34,066,013
76$47,131,810$19,838,459$15,219,411$36,972,468
77$51,849,046$20,720,335$15,639,053$40,154,718
78$57,044,598$21,642,581$16,069,911$43,640,095
79$62,767,166$22,607,087$16,512,272$47,458,687
80$69,070,413$23,615,830$16,966,429$51,643,617
81$76,013,472$24,670,882$17,432,681$56,231,350
82$83,661,506$25,774,415$17,911,336$61,262,034
83$92,086,321$26,928,703$18,402,707$66,779,873
84$101,367,045$28,136,129$18,907,117$72,833,539
85$111,590,872$29,399,188$19,424,894$79,476,626
86$122,853,888$30,720,494$19,956,374$86,768,151
87$135,261,974$32,102,789$20,501,903$94,773,104
88$148,931,811$33,548,941$21,061,832$103,563,058
89$163,991,974$35,061,958$21,636,522$113,216,833
90$180,584,151$36,644,989$22,226,341$123,821,237
91$198,864,478$38,301,337$22,831,667$135,471,880
92$219,005,011$40,034,459$23,452,884$148,274,064
93$241,195,354$41,847,979$24,090,388$162,343,774
94$265,644,445$43,745,695$24,744,580$177,808,762
95$292,582,528$45,731,584$25,415,874$194,809,747
96$322,263,331$47,809,816$26,104,690$213,501,731
97$354,966,452$49,984,758$26,811,459$234,055,456
98$391,000,008$52,260,990$27,536,620$256,659,008
99$430,703,537$54,643,306$28,280,625$281,519,576
100$474,451,204$57,136,734$29,043,932$308,865,404