Can I retire at age 60 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$842,306$834,804$827,484$820,339$813,362$786,696
2 years$416,983$409,217$401,691$394,394$387,315$360,704
3 years$275,228$267,428$259,921$252,692$245,729$220,008
4 years$204,364$196,588$189,156$182,050$175,256$150,622
5 years$161,856$154,127$146,793$139,832$133,227$109,746
6 years$133,527$125,857$118,630$111,825$105,418$83,109
7 years$113,300$105,694$98,582$91,937$85,733$64,594
8 years$98,137$90,599$83,606$77,124$71,124$51,139
9 years$86,349$78,883$72,009$65,692$59,896$41,042
10 years$76,925$69,532$62,779$56,628$51,035$33,282
11 years$69,219$61,900$55,270$49,283$43,892$27,207
12 years$62,802$55,558$49,051$43,228$38,036$22,381
13 years$57,377$50,208$43,824$38,164$33,168$18,505
14 years$52,730$45,638$39,376$33,877$29,075$15,363
15 years$48,707$41,691$35,551$30,213$25,600$12,797
16 years$45,190$38,251$32,232$27,052$22,625$10,689
17 years$42,090$35,227$29,330$24,306$20,061$8,948
18 years$39,337$32,552$26,775$21,905$17,837$7,504
19 years$36,878$30,169$24,511$19,793$15,899$6,303
20 years$34,667$28,034$22,495$17,926$14,201$5,301
21 years$32,669$26,113$20,691$16,269$12,708$4,463
22 years$30,855$24,375$19,070$14,792$11,391$3,761
23 years$29,201$22,798$17,608$13,472$10,225$3,172
24 years$27,688$21,360$16,284$12,287$9,191$2,677
25 years$26,297$20,045$15,082$11,221$8,270$2,260
26 years$25,016$18,839$13,988$10,260$7,450$1,909
27 years$23,831$17,730$12,989$9,391$6,716$1,613
28 years$22,734$16,707$12,075$8,604$6,060$1,363
29 years$21,713$15,761$11,237$7,890$5,472$1,153
30 years$20,763$14,885$10,467$7,241$4,945$975
31 years$19,875$14,071$9,758$6,651$4,470$825
32 years$19,045$13,314$9,104$6,112$4,044$698
33 years$18,267$12,609$8,501$5,621$3,660$590
34 years$17,536$11,950$7,943$5,172$3,313$499
35 years$16,848$11,334$7,426$4,761$3,001$423
36 years$16,200$10,758$6,947$4,384$2,719$358
37 years$15,588$10,218$6,502$4,040$2,464$303
38 years$15,010$9,710$6,089$3,723$2,234$256
39 years$14,463$9,234$5,704$3,433$2,026$217
40 years$13,945$8,785$5,347$3,167$1,838$184
41 years$13,453$8,363$5,014$2,922$1,667$155
42 years$12,986$7,964$4,703$2,696$1,513$132
43 years$12,542$7,588$4,413$2,489$1,373$111
44 years$12,119$7,233$4,142$2,298$1,246$94
45 years$11,716$6,898$3,890$2,122$1,131$80
46 years$11,332$6,580$3,653$1,961$1,027$68
47 years$10,965$6,279$3,432$1,811$933$57
48 years$10,615$5,994$3,225$1,674$847$48
49 years$10,279$5,724$3,032$1,547$769$41
50 years$9,959$5,468$2,850$1,430$699$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,200,000, adding $3,415 every year, while hoping to spend $52,418 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: 72/18/10 Blend
59$10,200,000$10,200,000$10,200,000$10,200,000
60$11,243,923$10,703,323$10,545,223$12,031,926
61$12,335,030$11,172,013$10,842,715$13,021,975
62$13,535,674$11,661,912$11,148,417$14,098,862
63$14,856,972$12,174,005$11,462,548$15,276,546
64$16,311,172$12,709,321$11,785,332$16,564,965
65$17,911,773$13,268,938$12,117,002$17,975,056
66$19,673,646$13,853,989$12,457,794$19,518,857
67$21,613,179$14,465,655$12,807,951$21,209,619
68$23,748,428$15,105,177$13,167,722$23,061,929
69$26,099,290$15,773,853$13,537,363$25,091,845
70$28,687,688$16,473,042$13,917,135$27,317,047
71$31,537,780$17,204,169$14,307,307$29,756,998
72$34,676,185$17,968,725$14,708,154$32,433,131
73$38,132,237$18,768,274$15,119,958$35,369,043
74$41,938,258$19,604,452$15,543,009$38,590,720
75$46,129,863$20,478,973$15,977,603$42,126,774
76$50,746,300$21,393,633$16,424,043$46,008,718
77$55,830,816$22,350,315$16,882,642$50,271,253
78$61,431,067$23,350,988$17,353,719$54,952,596
79$67,599,567$24,397,718$17,837,600$60,094,838
80$74,394,184$25,492,667$18,334,620$65,744,337
81$81,878,685$26,638,102$18,845,124$71,952,152
82$90,123,339$27,836,396$19,369,463$78,774,522
83$99,205,577$29,090,037$19,907,998$86,273,392
84$109,210,727$30,401,631$20,461,098$94,516,994
85$120,232,818$31,773,907$21,029,141$103,580,489
86$132,375,464$33,209,727$21,612,516$113,546,670
87$145,752,845$34,712,088$22,211,619$124,506,739
88$160,490,784$36,284,129$22,826,857$136,561,164
89$176,727,935$37,929,141$23,458,647$149,820,622
90$194,617,087$39,650,573$24,107,415$164,407,041
91$214,326,615$41,452,036$24,773,598$180,454,741
92$236,042,060$43,337,316$25,457,644$198,111,699
93$259,967,886$45,310,379$26,160,010$217,540,943
94$286,329,406$47,375,384$26,881,166$238,922,079
95$315,374,912$49,536,684$27,621,592$262,452,984
96$347,378,017$51,798,846$28,381,779$288,351,666
97$382,640,237$54,166,651$29,162,231$316,858,316
98$421,493,837$56,645,114$29,963,462$348,237,566
99$464,304,970$59,239,486$30,786,000$382,780,984
100$511,477,130$61,955,274$31,630,384$420,809,814