Can I retire at age 60 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$809,275$802,066$795,033$788,169$781,466$753,739
2 years$400,631$393,170$385,938$378,927$372,127$344,488
3 years$264,434$256,941$249,728$242,782$236,092$209,410
4 years$196,349$188,879$181,738$174,911$168,383$142,861
5 years$155,509$148,083$141,036$134,348$128,002$103,708
6 years$128,291$120,921$113,978$107,440$101,284$78,235
7 years$108,857$101,549$94,716$88,332$82,371$60,563
8 years$94,288$87,047$80,327$74,099$68,335$47,749
9 years$82,963$75,790$69,186$63,116$57,548$38,158
10 years$73,908$66,805$60,318$54,407$49,033$30,807
11 years$66,505$59,472$53,103$47,350$42,170$25,069
12 years$60,339$53,379$47,127$41,533$36,544$20,527
13 years$55,126$48,239$42,105$36,667$31,867$16,892
14 years$50,662$43,848$37,832$32,549$27,934$13,955
15 years$46,797$40,056$34,157$29,028$24,596$11,567
16 years$43,418$36,751$30,968$25,991$21,738$9,612
17 years$40,439$33,846$28,180$23,353$19,274$8,005
18 years$37,795$31,275$25,725$21,046$17,138$6,679
19 years$35,431$28,986$23,550$19,017$15,275$5,580
20 years$33,307$26,935$21,613$17,223$13,644$4,668
21 years$31,388$25,089$19,879$15,631$12,210$3,909
22 years$29,645$23,419$18,322$14,212$10,944$3,276
23 years$28,056$21,904$16,917$12,943$9,824$2,748
24 years$26,602$20,522$15,645$11,805$8,830$2,306
25 years$25,266$19,259$14,491$10,781$7,946$1,936
26 years$24,035$18,101$13,440$9,858$7,157$1,626
27 years$22,897$17,035$12,480$9,023$6,453$1,366
28 years$21,842$16,052$11,602$8,267$5,823$1,148
29 years$20,862$15,143$10,796$7,581$5,258$965
30 years$19,949$14,301$10,056$6,958$4,751$812
31 years$19,096$13,519$9,375$6,390$4,295$683
32 years$18,298$12,792$8,747$5,872$3,885$574
33 years$17,550$12,114$8,167$5,400$3,516$483
34 years$16,848$11,481$7,631$4,969$3,183$406
35 years$16,187$10,890$7,135$4,574$2,883$342
36 years$15,565$10,336$6,674$4,213$2,612$288
37 years$14,977$9,817$6,247$3,881$2,368$242
38 years$14,422$9,330$5,850$3,577$2,147$204
39 years$13,896$8,872$5,481$3,299$1,947$171
40 years$13,398$8,441$5,137$3,042$1,766$144
41 years$12,926$8,035$4,817$2,807$1,602$121
42 years$12,477$7,652$4,519$2,591$1,454$102
43 years$12,050$7,291$4,240$2,391$1,319$86
44 years$11,644$6,950$3,980$2,208$1,197$72
45 years$11,257$6,627$3,737$2,039$1,087$61
46 years$10,888$6,322$3,510$1,884$987$51
47 years$10,535$6,033$3,298$1,740$896$43
48 years$10,198$5,759$3,099$1,608$814$36
49 years$9,876$5,500$2,913$1,486$739$31
50 years$9,568$5,254$2,738$1,374$671$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,800,000, adding $6,136 every year, while hoping to spend $35,772 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: 42/30/28 Blend
59$9,800,000$9,800,000$9,800,000$9,800,000
60$10,805,929$10,286,529$10,134,629$11,170,923
61$11,870,073$10,752,508$10,436,078$11,900,298
62$13,041,560$11,240,121$10,746,427$12,685,850
63$14,331,303$11,750,390$11,065,935$13,535,918
64$15,751,323$12,284,387$11,394,872$14,456,482
65$17,314,870$12,843,234$11,733,512$15,454,107
66$19,036,541$13,428,106$12,082,139$16,536,001
67$20,932,423$14,040,238$12,441,045$17,710,083
68$23,020,240$14,680,920$12,810,530$18,985,049
69$25,319,526$15,351,506$13,190,904$20,370,456
70$27,851,801$16,053,414$13,582,483$21,876,803
71$30,640,784$16,788,130$13,985,596$23,515,630
72$33,712,609$17,557,213$14,400,577$25,299,620
73$37,096,073$18,362,295$14,827,775$27,242,717
74$40,822,910$19,205,085$15,267,544$29,360,250
75$44,928,091$20,087,379$15,720,251$31,669,074
76$49,450,150$21,011,054$16,186,272$34,187,725
77$54,431,550$21,978,080$16,665,997$36,936,590
78$59,919,083$22,990,520$17,159,823$39,938,090
79$65,964,313$24,050,540$17,668,160$43,216,891
80$72,624,061$25,160,405$18,191,432$46,800,128
81$79,960,943$26,322,492$18,730,072$50,717,655
82$88,043,957$27,539,292$19,284,528$55,002,322
83$96,949,139$28,813,415$19,855,258$59,690,275
84$106,760,277$30,147,599$20,442,735$64,821,293
85$117,569,705$31,544,711$21,047,446$70,439,154
86$129,479,171$33,007,757$21,669,892$76,592,044
87$142,600,799$34,539,890$22,310,585$83,332,999
88$157,058,147$36,144,412$22,970,057$90,720,399
89$172,987,376$37,824,785$23,648,851$98,818,511
90$190,538,528$39,584,640$24,347,528$107,698,087
91$209,876,951$41,427,780$25,066,663$117,437,020
92$231,184,853$43,358,195$25,806,850$128,121,069
93$254,663,025$45,380,063$26,568,696$139,844,662
94$280,532,737$47,497,769$27,352,831$152,711,770
95$309,037,822$49,715,907$28,159,897$166,836,884
96$340,446,985$52,039,291$28,990,558$182,346,077
97$375,056,333$54,472,971$29,845,497$199,378,186
98$413,192,172$57,022,240$30,725,415$218,086,109
99$455,214,090$59,692,646$31,631,032$238,638,230
100$501,518,347$62,490,006$32,563,092$261,220,002