Can I retire at age 60 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$834,049$826,619$819,371$812,296$805,388$791,069
2 years$412,895$405,206$397,753$390,527$383,518$369,141
3 years$272,529$264,806$257,372$250,214$243,320$229,332
4 years$202,360$194,661$187,301$180,265$173,538$160,047
5 years$160,269$152,616$145,353$138,461$131,921$118,966
6 years$132,218$124,623$117,467$110,728$104,384$91,980
7 years$112,190$104,658$97,616$91,036$84,892$73,042
8 years$97,175$89,711$82,786$76,368$70,426$59,128
9 years$85,503$78,110$71,303$65,048$59,309$48,555
10 years$76,171$68,850$62,164$56,072$50,534$40,315
11 years$68,540$61,293$54,728$48,800$43,461$33,766
12 years$62,186$55,013$48,570$42,804$37,663$28,478
13 years$56,814$49,716$43,394$37,789$32,843$24,155
14 years$52,213$45,190$38,990$33,545$28,790$20,583
15 years$48,229$41,282$35,202$29,917$25,349$17,607
16 years$44,747$37,876$31,916$26,787$22,403$15,110
17 years$41,677$34,882$29,042$24,068$19,864$13,002
18 years$38,952$32,233$26,512$21,690$17,662$11,214
19 years$36,516$29,873$24,270$19,599$15,743$9,691
20 years$34,327$27,759$22,274$17,750$14,062$8,389
21 years$32,348$25,857$20,488$16,110$12,584$7,272
22 years$30,552$24,136$18,883$14,647$11,280$6,311
23 years$28,915$22,574$17,435$13,340$10,125$5,483
24 years$27,416$21,151$16,124$12,167$9,101$4,768
25 years$26,039$19,849$14,934$11,111$8,189$4,150
26 years$24,771$18,655$13,851$10,159$7,377$3,614
27 years$23,598$17,556$12,862$9,299$6,651$3,149
28 years$22,511$16,543$11,957$8,520$6,001$2,746
29 years$21,500$15,607$11,127$7,813$5,419$2,395
30 years$20,559$14,739$10,364$7,170$4,896$2,090
31 years$19,680$13,933$9,662$6,586$4,427$1,824
32 years$18,858$13,183$9,015$6,052$4,004$1,593
33 years$18,088$12,485$8,417$5,566$3,624$1,391
34 years$17,364$11,833$7,865$5,121$3,281$1,215
35 years$16,683$11,223$7,353$4,714$2,972$1,062
36 years$16,041$10,653$6,878$4,341$2,692$928
37 years$15,436$10,117$6,438$4,000$2,440$811
38 years$14,863$9,615$6,029$3,687$2,212$709
39 years$14,322$9,143$5,649$3,400$2,006$620
40 years$13,808$8,699$5,294$3,136$1,820$542
41 years$13,321$8,281$4,964$2,893$1,651$474
42 years$12,859$7,886$4,657$2,670$1,498$414
43 years$12,419$7,514$4,370$2,465$1,360$362
44 years$12,000$7,162$4,102$2,276$1,234$317
45 years$11,601$6,830$3,851$2,102$1,120$277
46 years$11,221$6,515$3,617$1,941$1,017$242
47 years$10,858$6,218$3,398$1,794$924$212
48 years$10,511$5,936$3,194$1,657$839$185
49 years$10,179$5,668$3,002$1,532$762$162
50 years$9,861$5,415$2,822$1,416$692$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,100,000, adding $4,820 every year, while hoping to spend $31,476 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: 61/24/15 Blend
59$10,100,000$10,100,000$10,100,000$10,100,000
60$11,135,172$10,599,872$10,443,322$11,772,492
61$12,237,469$11,085,775$10,759,683$12,687,892
62$13,451,146$11,594,433$11,085,587$13,682,416
63$14,787,529$12,126,927$11,421,321$14,766,954
64$16,259,102$12,684,391$11,767,179$15,950,226
65$17,879,616$13,268,012$12,123,466$17,241,826
66$19,664,229$13,879,037$12,490,495$18,652,303
67$21,629,641$14,518,770$12,868,586$20,193,262
68$23,794,254$15,188,579$13,258,074$21,877,470
69$26,178,347$15,889,898$13,659,298$23,718,973
70$28,804,265$16,624,230$14,072,611$25,733,223
71$31,696,632$17,393,150$14,498,376$27,937,228
72$34,882,582$18,198,308$14,936,965$30,349,700
73$38,392,015$19,041,435$15,388,763$32,991,234
74$42,257,880$19,924,344$15,854,166$35,884,497
75$46,516,484$20,848,937$16,333,581$39,054,437
76$51,207,837$21,817,207$16,827,428$42,528,518
77$56,376,029$22,831,242$17,336,138$46,336,968
78$62,069,643$23,893,232$17,860,158$50,513,069
79$68,342,218$25,005,473$18,399,946$55,093,459
80$75,252,753$26,170,369$18,955,972$60,118,477
81$82,866,260$27,390,444$19,528,724$65,632,536
82$91,254,384$28,668,341$20,118,701$71,684,540
83$100,496,073$30,006,831$20,726,419$78,328,337
84$110,678,326$31,408,820$21,352,408$85,623,226
85$121,897,017$32,877,354$21,997,216$93,634,504
86$134,257,794$34,415,625$22,661,403$102,434,081
87$147,877,079$36,026,981$23,345,550$112,101,153
88$162,883,168$37,714,930$24,050,254$122,722,938
89$179,417,442$39,483,152$24,776,127$134,395,496
90$197,635,697$41,335,502$25,523,804$147,224,626
91$217,709,621$43,276,025$26,293,934$161,326,859
92$239,828,410$45,308,958$27,087,189$176,830,549
93$264,200,557$47,438,746$27,904,259$193,877,073
94$291,055,817$49,670,048$28,745,854$212,622,161
95$320,647,377$52,007,747$29,612,708$233,237,355
96$353,254,249$54,456,966$30,505,572$255,911,617
97$389,183,897$57,023,072$31,425,224$280,853,104
98$428,775,148$59,711,696$32,372,463$308,291,123
99$472,401,383$62,528,739$33,348,110$338,478,282
100$520,474,066$65,480,389$34,353,014$371,692,864