Can I retire at age 60 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$792,759$785,698$778,808$772,084$765,517$741,310
2 years$392,455$385,146$378,062$371,194$364,532$340,363
3 years$259,038$251,697$244,631$237,828$231,274$207,901
4 years$192,342$185,024$178,029$171,341$164,947$142,549
5 years$152,335$145,061$138,158$131,607$125,390$104,028
6 years$125,673$118,453$111,652$105,247$99,217$78,909
7 years$106,636$99,477$92,783$86,529$80,690$61,434
8 years$92,364$85,270$78,688$72,587$66,940$48,724
9 years$81,270$74,243$67,774$61,828$56,373$39,176
10 years$72,400$65,441$59,087$53,297$48,033$31,828
11 years$65,147$58,259$52,019$46,384$41,310$26,069
12 years$59,108$52,290$46,165$40,685$35,798$21,488
13 years$54,001$47,255$41,246$35,919$31,217$17,803
14 years$49,628$42,953$37,060$31,885$27,364$14,811
15 years$45,842$39,239$33,460$28,435$24,094$12,363
16 years$42,532$36,001$30,336$25,461$21,294$10,349
17 years$39,614$33,155$27,605$22,876$18,881$8,682
18 years$37,024$30,637$25,200$20,616$16,788$7,298
19 years$34,708$28,394$23,069$18,629$14,963$6,144
20 years$32,627$26,385$21,172$16,872$13,366$5,179
21 years$30,747$24,577$19,474$15,312$11,961$4,370
22 years$29,040$22,941$17,948$13,922$10,721$3,692
23 years$27,483$21,457$16,572$12,679$9,624$3,121
24 years$26,059$20,104$15,326$11,564$8,650$2,640
25 years$24,750$18,866$14,195$10,561$7,784$2,234
26 years$23,544$17,731$13,165$9,657$7,011$1,892
27 years$22,430$16,687$12,225$8,839$6,321$1,602
28 years$21,396$15,724$11,365$8,098$5,704$1,358
29 years$20,436$14,834$10,576$7,426$5,150$1,151
30 years$19,541$14,009$9,851$6,816$4,654$976
31 years$18,706$13,243$9,184$6,260$4,207$827
32 years$17,925$12,531$8,569$5,753$3,806$702
33 years$17,192$11,867$8,001$5,290$3,444$595
34 years$16,504$11,247$7,475$4,867$3,118$505
35 years$15,857$10,668$6,989$4,481$2,825$428
36 years$15,247$10,125$6,538$4,127$2,559$363
37 years$14,671$9,617$6,119$3,802$2,319$308
38 years$14,127$9,139$5,731$3,504$2,103$262
39 years$13,613$8,690$5,369$3,231$1,907$222
40 years$13,125$8,268$5,032$2,980$1,730$188
41 years$12,662$7,871$4,719$2,750$1,569$160
42 years$12,222$7,496$4,426$2,538$1,424$136
43 years$11,804$7,142$4,153$2,343$1,292$115
44 years$11,406$6,808$3,899$2,163$1,173$98
45 years$11,027$6,492$3,661$1,998$1,065$83
46 years$10,665$6,193$3,438$1,845$967$70
47 years$10,320$5,910$3,230$1,705$878$60
48 years$9,990$5,642$3,036$1,575$797$51
49 years$9,675$5,388$2,853$1,456$724$43
50 years$9,373$5,146$2,682$1,346$658$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,600,000, adding $5,756 every year, while hoping to spend $53,447 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: 44/43/13 Blend
59$9,600,000$9,600,000$9,600,000$9,600,000
60$10,585,137$10,076,337$9,927,537$11,011,052
61$11,607,954$10,513,211$10,203,243$11,745,513
62$12,733,307$10,969,699$10,486,393$12,535,251
63$13,971,598$11,446,708$10,777,181$13,390,037
64$15,334,289$11,945,185$11,075,804$14,315,882
65$16,834,008$12,466,121$11,382,465$15,319,384
66$18,484,671$13,010,555$11,697,372$16,407,787
67$20,301,609$13,579,574$12,020,736$17,589,044
68$22,301,718$14,174,318$12,352,775$18,871,891
69$24,503,612$14,795,978$12,693,712$20,265,921
70$26,927,803$15,445,804$13,043,774$21,781,674
71$29,596,894$16,125,103$13,403,195$23,430,730
72$32,535,790$16,835,245$13,772,215$25,225,817
73$35,771,933$17,577,665$14,151,076$27,180,921
74$39,335,564$18,353,864$14,540,031$29,311,415
75$43,260,004$19,165,417$14,939,335$31,634,201
76$47,581,972$20,013,970$15,349,250$34,167,863
77$52,341,928$20,901,249$15,770,045$36,932,832
78$57,584,458$21,829,063$16,201,995$39,951,580
79$63,358,690$22,799,305$16,645,380$43,248,822
80$69,718,764$23,813,959$17,100,487$46,851,740
81$76,724,337$24,875,101$17,567,612$50,790,239
82$84,441,146$25,984,908$18,047,054$55,097,216
83$92,941,635$27,145,660$18,539,122$59,808,867
84$102,305,629$28,359,745$19,044,130$64,965,017
85$112,621,095$29,629,665$19,562,401$70,609,492
86$123,984,968$30,958,040$20,094,262$76,790,520
87$136,504,066$32,347,615$20,640,051$83,561,179
88$150,296,101$33,801,268$21,200,113$90,979,889
89$165,490,784$35,322,011$21,774,797$99,110,951
90$182,231,056$36,913,001$22,364,465$108,025,147
91$200,674,432$38,577,547$22,969,484$117,800,395
92$220,994,491$40,319,114$23,590,228$128,522,473
93$243,382,511$42,141,332$24,227,082$140,285,818
94$268,049,276$44,048,006$24,880,439$153,194,404
95$295,227,067$46,043,123$25,550,697$167,362,712
96$325,171,849$48,130,858$26,238,268$182,916,793
97$358,165,696$50,315,588$26,943,568$199,995,449
98$394,519,445$52,601,899$27,667,025$218,751,526
99$434,575,632$54,994,596$28,409,074$239,353,338
100$478,711,729$57,498,714$29,170,161$261,986,247