Can I retire at age 60 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$817,533$810,251$803,146$796,211$789,440$785,783
2 years$404,719$397,182$389,877$382,794$375,924$372,233
3 years$267,133$259,563$252,276$245,260$238,501$234,890
4 years$198,353$190,806$183,592$176,696$170,101$166,598
5 years$157,096$149,594$142,475$135,719$129,308$125,923
6 years$129,600$122,155$115,141$108,536$102,317$99,054
7 years$109,968$102,586$95,683$89,233$83,211$80,072
8 years$95,251$87,935$81,147$74,856$69,032$66,017
9 years$83,810$76,563$69,892$63,760$58,135$55,244
10 years$74,662$67,487$60,933$54,962$49,534$46,765
11 years$67,183$60,079$53,644$47,833$42,601$39,953
12 years$60,955$53,924$47,608$41,956$36,917$34,387
13 years$55,689$48,731$42,535$37,041$32,192$29,779
14 years$51,179$44,296$38,218$32,881$28,219$25,919
15 years$47,274$40,465$34,505$29,324$24,847$22,657
16 years$43,861$37,126$31,284$26,257$21,960$19,878
17 years$40,852$34,191$28,467$23,591$19,471$17,493
18 years$38,180$31,594$25,987$21,261$17,313$15,436
19 years$35,793$29,281$23,790$19,211$15,431$13,653
20 years$33,647$27,210$21,833$17,399$13,783$12,099
21 years$31,708$25,345$20,082$15,791$12,335$10,742
22 years$29,947$23,658$18,509$14,357$11,056$9,551
23 years$28,342$22,127$17,090$13,076$9,925$8,504
24 years$26,873$20,732$15,805$11,926$8,920$7,580
25 years$25,524$19,456$14,639$10,891$8,027$6,764
26 years$24,280$18,285$13,577$9,958$7,231$6,042
27 years$23,131$17,209$12,607$9,115$6,519$5,401
28 years$22,065$16,216$11,720$8,351$5,882$4,831
29 years$21,075$15,297$10,906$7,658$5,311$4,324
30 years$20,152$14,447$10,159$7,029$4,799$3,873
31 years$19,291$13,657$9,471$6,455$4,339$3,471
32 years$18,485$12,922$8,836$5,932$3,925$3,112
33 years$17,729$12,238$8,251$5,455$3,552$2,791
34 years$17,020$11,599$7,709$5,019$3,216$2,504
35 years$16,352$11,001$7,207$4,621$2,913$2,247
36 years$15,723$10,442$6,742$4,255$2,639$2,018
37 years$15,130$9,917$6,311$3,921$2,392$1,812
38 years$14,569$9,425$5,910$3,614$2,169$1,627
39 years$14,038$8,962$5,537$3,332$1,966$1,462
40 years$13,535$8,527$5,190$3,074$1,784$1,314
41 years$13,058$8,117$4,866$2,836$1,618$1,181
42 years$12,604$7,730$4,565$2,617$1,468$1,061
43 years$12,173$7,365$4,283$2,416$1,333$954
44 years$11,763$7,020$4,021$2,231$1,210$858
45 years$11,372$6,695$3,775$2,060$1,098$771
46 years$10,999$6,386$3,546$1,903$997$694
47 years$10,643$6,095$3,331$1,758$905$624
48 years$10,302$5,818$3,130$1,624$822$561
49 years$9,977$5,556$2,942$1,501$747$505
50 years$9,666$5,307$2,766$1,388$678$454

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,900,000, adding $2,861 every year, while hoping to spend $24,499 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: 80/8/12 Blend
59$9,900,000$9,900,000$9,900,000$9,900,000
60$10,912,751$10,388,051$10,234,601$11,761,478
61$11,999,785$10,870,999$10,551,394$12,802,223
62$13,196,875$11,376,790$10,877,977$13,940,600
63$14,515,222$11,906,518$11,214,655$15,189,139
64$15,967,166$12,461,329$11,561,737$16,558,856
65$17,566,307$13,042,424$11,919,546$18,061,881
66$19,327,631$13,651,064$12,288,411$19,711,571
67$21,267,652$14,288,568$12,668,675$21,522,639
68$23,404,565$14,956,321$13,060,689$23,511,286
69$25,758,423$15,655,773$13,464,815$25,695,356
70$28,351,323$16,388,447$13,881,426$28,094,505
71$31,207,613$17,155,935$14,310,909$30,730,379
72$34,354,125$17,959,911$14,753,660$33,626,824
73$37,820,426$18,802,127$15,210,088$36,810,103
74$41,639,098$19,684,421$15,680,615$40,309,148
75$45,846,046$20,608,718$16,165,675$44,155,828
76$50,480,836$21,577,037$16,665,718$48,385,249
77$55,587,066$22,591,497$17,181,205$53,036,083
78$61,212,783$23,654,317$17,712,612$58,150,933
79$67,410,933$24,767,824$18,260,430$63,776,731
80$74,239,858$25,934,458$18,825,164$69,965,183
81$81,763,854$27,156,776$19,407,337$76,773,248
82$90,053,770$28,437,462$20,007,487$84,263,681
83$99,187,683$29,779,326$20,626,166$92,505,617
84$109,251,631$31,185,317$21,263,946$101,575,227
85$120,340,426$32,658,526$21,921,417$111,556,430
86$132,558,549$34,202,193$22,599,184$122,541,684
87$146,021,138$35,819,718$23,297,874$134,632,856
88$160,855,072$37,514,662$24,018,130$147,942,182
89$177,200,170$39,290,761$24,760,619$162,593,325
90$195,210,511$41,151,932$25,526,024$178,722,532
91$215,055,889$43,102,283$26,315,051$196,479,926
92$236,923,414$45,146,118$27,128,429$216,030,916
93$261,019,278$47,287,954$27,966,908$237,557,753
94$287,570,705$49,532,525$28,831,260$261,261,251
95$316,828,093$51,884,795$29,722,283$287,362,677
96$349,067,378$54,349,969$30,640,799$316,105,833
97$384,592,639$56,933,505$31,587,654$347,759,359
98$423,738,968$59,641,127$32,563,720$382,619,263
99$466,875,636$62,478,836$33,569,898$421,011,708
100$514,409,576$65,452,924$34,607,115$463,296,089