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%13.8%
1 years$784,501$777,513$770,696$764,041$757,543$745,607
2 years$388,367$381,134$374,124$367,327$360,735$348,741
3 years$256,339$249,075$242,083$235,350$228,865$217,186
4 years$190,339$183,097$176,174$169,557$163,228$151,954
5 years$150,748$143,550$136,719$130,236$124,084$113,246
6 years$124,364$117,219$110,489$104,151$98,183$87,796
7 years$105,525$98,441$91,817$85,628$79,849$69,915
8 years$91,402$84,382$77,868$71,831$66,243$56,760
9 years$80,423$73,470$67,068$61,184$55,786$46,750
10 years$71,646$64,760$58,471$52,741$47,532$38,935
11 years$64,469$57,652$51,477$45,901$40,879$32,713
12 years$58,492$51,745$45,685$40,261$35,425$27,679
13 years$53,439$46,763$40,816$35,545$30,891$23,554
14 years$49,111$42,506$36,673$31,552$27,079$20,139
15 years$45,364$38,830$33,111$28,139$23,843$17,286
16 years$42,089$35,626$30,020$25,196$21,072$14,887
17 years$39,201$32,810$27,317$22,638$18,684$12,856
18 years$36,638$30,318$24,937$20,401$16,613$11,128
19 years$34,347$28,098$22,829$18,434$14,808$9,652
20 years$32,287$26,110$20,951$16,696$13,226$8,386
21 years$30,427$24,321$19,271$15,153$11,836$7,297
22 years$28,737$22,702$17,761$13,777$10,609$6,358
23 years$27,197$21,233$16,399$12,547$9,524$5,545
24 years$25,787$19,894$15,167$11,444$8,560$4,841
25 years$24,492$18,670$14,047$10,451$7,703$4,230
26 years$23,299$17,546$13,028$9,556$6,938$3,699
27 years$22,196$16,513$12,098$8,747$6,256$3,236
28 years$21,173$15,560$11,246$8,014$5,644$2,833
29 years$20,223$14,679$10,466$7,349$5,097$2,481
30 years$19,338$13,863$9,748$6,745$4,605$2,174
31 years$18,511$13,105$9,088$6,194$4,164$1,905
32 years$17,738$12,400$8,479$5,693$3,766$1,670
33 years$17,013$11,743$7,917$5,235$3,408$1,465
34 years$16,332$11,130$7,397$4,817$3,086$1,285
35 years$15,692$10,557$6,916$4,434$2,795$1,128
36 years$15,088$10,020$6,470$4,084$2,533$990
37 years$14,519$9,516$6,056$3,762$2,295$869
38 years$13,980$9,044$5,671$3,468$2,081$762
39 years$13,471$8,600$5,313$3,198$1,887$669
40 years$12,988$8,182$4,980$2,949$1,712$588
41 years$12,530$7,789$4,670$2,721$1,553$516
42 years$12,095$7,418$4,380$2,511$1,409$453
43 years$11,681$7,068$4,110$2,318$1,279$398
44 years$11,287$6,737$3,858$2,140$1,161$350
45 years$10,912$6,424$3,623$1,977$1,054$307
46 years$10,554$6,128$3,403$1,826$957$270
47 years$10,213$5,848$3,197$1,687$869$237
48 years$9,886$5,583$3,004$1,559$789$208
49 years$9,574$5,332$2,823$1,441$717$183
50 years$9,275$5,093$2,654$1,332$651$161

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 $6,073 every year, while hoping to spend $23,301 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: 67/15/18 Blend
59$9,500,000$9,500,000$9,500,000$9,500,000
60$10,475,264$9,971,764$9,824,514$11,130,506
61$11,518,949$10,435,589$10,128,843$12,033,236
62$12,668,309$10,921,359$10,442,587$13,016,719
63$13,934,098$11,430,128$10,766,035$14,091,593
64$15,328,166$11,962,994$11,099,487$15,266,837
65$16,863,573$12,521,114$11,443,254$16,552,330
66$18,554,706$13,105,698$11,797,652$17,958,947
67$20,417,424$13,718,015$12,163,011$19,498,656
68$22,469,198$14,359,394$12,539,668$21,184,630
69$24,729,282$15,031,231$12,927,973$23,031,370
70$27,218,895$15,734,987$13,328,286$25,054,838
71$29,961,415$16,472,194$13,740,977$27,272,607
72$32,982,607$17,244,460$14,166,428$29,704,024
73$36,310,863$18,053,468$14,605,033$32,370,390
74$39,977,468$18,900,985$15,057,198$35,295,156
75$44,016,897$19,788,861$15,523,342$38,504,148
76$48,467,143$20,719,037$16,003,896$42,025,802
77$53,370,071$21,693,549$16,499,305$45,891,431
78$58,771,814$22,714,529$17,010,028$50,135,520
79$64,723,212$23,784,214$17,536,537$54,796,045
80$71,280,288$24,904,948$18,079,319$59,914,829
81$78,504,777$26,079,191$18,638,877$65,537,936
82$86,464,713$27,309,520$19,215,727$71,716,097
83$95,235,064$28,598,637$19,810,405$78,505,190
84$104,898,446$29,949,375$20,423,458$85,966,763
85$115,545,899$31,364,706$21,055,456$94,168,607
86$127,277,748$32,847,744$21,706,981$103,185,394
87$140,204,550$34,401,755$22,378,637$113,099,379
88$154,448,137$36,030,164$23,071,044$124,001,171
89$170,142,765$37,736,561$23,784,842$135,990,579
90$187,436,385$39,524,710$24,520,692$149,177,558
91$206,492,034$41,398,558$25,279,273$163,683,232
92$227,489,379$43,362,245$26,061,286$179,641,037
93$250,626,410$45,420,110$26,867,454$197,197,977
94$276,121,312$47,576,704$27,698,522$216,515,998
95$304,214,521$49,836,797$28,555,258$237,773,520
96$335,170,996$52,205,393$29,438,452$261,167,106
97$369,282,718$54,687,739$30,348,921$286,913,315
98$406,871,451$57,289,334$31,287,506$315,250,741
99$448,291,775$60,015,946$32,255,073$346,442,253
100$493,934,433$62,873,625$33,252,515$380,777,471