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%16%
1 years$809,275$802,066$795,033$788,169$781,466$762,265
2 years$400,631$393,170$385,938$378,927$372,127$352,900
3 years$264,434$256,941$249,728$242,782$236,092$217,442
4 years$196,349$188,879$181,738$174,911$168,383$150,452
5 years$155,509$148,083$141,036$134,348$128,002$110,840
6 years$128,291$120,921$113,978$107,440$101,284$84,909
7 years$108,857$101,549$94,716$88,332$82,371$66,784
8 years$94,288$87,047$80,327$74,099$68,335$53,529
9 years$82,963$75,790$69,186$63,116$57,548$43,512
10 years$73,908$66,805$60,318$54,407$49,033$35,751
11 years$66,505$59,472$53,103$47,350$42,170$29,622
12 years$60,339$53,379$47,127$41,533$36,544$24,709
13 years$55,126$48,239$42,105$36,667$31,867$20,721
14 years$50,662$43,848$37,832$32,549$27,934$17,454
15 years$46,797$40,056$34,157$29,028$24,596$14,756
16 years$43,418$36,751$30,968$25,991$21,738$12,512
17 years$40,439$33,846$28,180$23,353$19,274$10,635
18 years$37,795$31,275$25,725$21,046$17,138$9,059
19 years$35,431$28,986$23,550$19,017$15,275$7,731
20 years$33,307$26,935$21,613$17,223$13,644$6,607
21 years$31,388$25,089$19,879$15,631$12,210$5,653
22 years$29,645$23,419$18,322$14,212$10,944$4,842
23 years$28,056$21,904$16,917$12,943$9,824$4,152
24 years$26,602$20,522$15,645$11,805$8,830$3,562
25 years$25,266$19,259$14,491$10,781$7,946$3,059
26 years$24,035$18,101$13,440$9,858$7,157$2,628
27 years$22,897$17,035$12,480$9,023$6,453$2,259
28 years$21,842$16,052$11,602$8,267$5,823$1,942
29 years$20,862$15,143$10,796$7,581$5,258$1,671
30 years$19,949$14,301$10,056$6,958$4,751$1,437
31 years$19,096$13,519$9,375$6,390$4,295$1,237
32 years$18,298$12,792$8,747$5,872$3,885$1,065
33 years$17,550$12,114$8,167$5,400$3,516$917
34 years$16,848$11,481$7,631$4,969$3,183$790
35 years$16,187$10,890$7,135$4,574$2,883$680
36 years$15,565$10,336$6,674$4,213$2,612$586
37 years$14,977$9,817$6,247$3,881$2,368$505
38 years$14,422$9,330$5,850$3,577$2,147$435
39 years$13,896$8,872$5,481$3,299$1,947$375
40 years$13,398$8,441$5,137$3,042$1,766$323
41 years$12,926$8,035$4,817$2,807$1,602$278
42 years$12,477$7,652$4,519$2,591$1,454$240
43 years$12,050$7,291$4,240$2,391$1,319$207
44 years$11,644$6,950$3,980$2,208$1,197$178
45 years$11,257$6,627$3,737$2,039$1,087$154
46 years$10,888$6,322$3,510$1,884$987$132
47 years$10,535$6,033$3,298$1,740$896$114
48 years$10,198$5,759$3,099$1,608$814$98
49 years$9,876$5,500$2,913$1,486$739$85
50 years$9,568$5,254$2,738$1,374$671$73

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 $4,669 every year, while hoping to spend $37,041 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: 29/49/22 Blend
59$9,800,000$9,800,000$9,800,000$9,800,000
60$10,804,416$10,285,016$10,133,116$11,043,149
61$11,867,055$10,749,571$10,433,164$11,692,451
62$13,036,842$11,235,647$10,742,022$12,386,441
63$14,324,667$11,744,260$11,059,947$13,131,800
64$15,742,528$12,276,474$11,387,201$13,932,972
65$17,303,649$12,833,405$11,724,055$14,794,817
66$19,022,599$13,416,220$12,070,789$15,722,654
67$20,915,433$14,026,142$12,427,688$16,722,309
68$22,999,840$14,664,456$12,795,049$17,800,161
69$25,295,313$15,332,505$13,173,173$18,963,201
70$27,823,335$16,031,697$13,562,374$20,219,087
71$30,607,573$16,763,508$13,962,971$21,576,216
72$33,674,110$17,529,485$14,375,296$23,043,793
73$37,051,689$18,331,249$14,799,687$24,631,914
74$40,771,979$19,170,498$15,236,494$26,351,654
75$44,869,880$20,049,012$15,686,077$28,215,161
76$49,383,851$20,968,657$16,148,804$30,235,770
77$54,356,271$21,931,388$16,625,055$32,428,115
78$59,833,838$22,939,253$17,115,222$34,808,262
79$65,868,013$23,994,401$17,619,706$37,393,853
80$72,515,505$25,099,081$18,138,921$40,204,261
81$79,838,803$26,255,652$18,673,291$43,260,766
82$87,906,770$27,466,587$19,223,255$46,586,745
83$96,795,287$28,734,477$19,789,261$50,207,884
84$106,587,977$30,062,037$20,371,772$54,152,406
85$117,376,988$31,452,114$20,971,263$58,451,333
86$129,263,865$32,907,692$21,588,225$63,138,760
87$142,360,507$34,431,897$22,223,158$68,252,171
88$156,790,227$36,028,008$22,876,582$73,832,776
89$172,688,910$37,699,460$23,549,027$79,925,889
90$190,206,300$39,449,855$24,241,041$86,581,340
91$209,507,412$41,282,967$24,953,185$93,853,934
92$230,774,090$43,202,754$25,686,039$101,803,950
93$254,206,721$45,213,364$26,440,196$110,497,694
94$280,026,132$47,319,144$27,216,268$120,008,113
95$308,475,669$49,524,653$28,014,883$130,415,461
96$339,823,494$51,834,668$28,836,689$141,808,042
97$374,365,122$54,254,198$29,682,349$154,283,019
98$412,426,204$56,788,494$30,552,548$167,947,321
99$454,365,605$59,443,058$31,447,987$182,918,623
100$500,578,791$62,223,663$32,369,389$199,326,436