Can I retire at age 60 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$850,564$842,988$835,596$828,381$821,336$810,401
2 years$421,071$413,229$405,629$398,260$391,113$380,113
3 years$277,926$270,050$262,469$255,169$248,138$237,416
4 years$206,367$198,515$191,010$183,835$176,974$166,612
5 years$163,443$155,638$148,232$141,203$134,533$124,561
6 years$134,836$127,090$119,793$112,921$106,451$96,882
7 years$114,411$106,730$99,549$92,839$86,573$77,410
8 years$99,099$91,488$84,425$77,880$71,821$63,062
9 years$87,196$79,656$72,715$66,337$60,484$52,125
10 years$77,679$70,213$63,395$57,183$51,535$43,571
11 years$69,898$62,507$55,812$49,766$44,322$36,745
12 years$63,418$56,103$49,532$43,652$38,408$31,210
13 years$57,939$50,700$44,253$38,538$33,493$26,664
14 years$53,247$46,085$39,762$34,210$29,360$22,889
15 years$49,184$42,100$35,900$30,509$25,851$19,728
16 years$45,633$38,626$32,548$27,317$22,847$17,061
17 years$42,503$35,573$29,618$24,544$20,258$14,796
18 years$39,723$32,871$27,037$22,120$18,012$12,863
19 years$37,239$30,464$24,751$19,987$16,055$11,206
20 years$35,006$28,309$22,715$18,102$14,340$9,780
21 years$32,989$26,369$20,894$16,429$12,833$8,548
22 years$31,157$24,614$19,257$14,937$11,503$7,482
23 years$29,487$23,021$17,780$13,604$10,326$6,556
24 years$27,959$21,569$16,444$12,407$9,281$5,750
25 years$26,555$20,242$15,230$11,331$8,351$5,048
26 years$25,261$19,024$14,125$10,361$7,523$4,435
27 years$24,065$17,904$13,116$9,483$6,782$3,899
28 years$22,956$16,871$12,193$8,689$6,120$3,430
29 years$21,926$15,916$11,347$7,968$5,526$3,019
30 years$20,966$15,031$10,569$7,312$4,993$2,658
31 years$20,070$14,209$9,854$6,716$4,514$2,341
32 years$19,232$13,444$9,194$6,172$4,083$2,063
33 years$18,446$12,732$8,584$5,676$3,696$1,818
34 years$17,708$12,067$8,020$5,222$3,346$1,603
35 years$17,013$11,446$7,499$4,807$3,030$1,414
36 years$16,359$10,863$7,015$4,427$2,746$1,247
37 years$15,741$10,318$6,566$4,079$2,489$1,100
38 years$15,158$9,806$6,148$3,760$2,256$971
39 years$14,605$9,324$5,760$3,467$2,046$856
40 years$14,082$8,871$5,399$3,198$1,856$756
41 years$13,585$8,445$5,063$2,950$1,684$667
42 years$13,113$8,042$4,749$2,723$1,528$589
43 years$12,665$7,663$4,456$2,513$1,386$520
44 years$12,238$7,304$4,183$2,321$1,258$459
45 years$11,831$6,965$3,928$2,143$1,142$405
46 years$11,443$6,644$3,689$1,980$1,037$358
47 years$11,073$6,341$3,466$1,829$942$316
48 years$10,719$6,053$3,257$1,690$855$279
49 years$10,380$5,780$3,061$1,562$777$246
50 years$10,056$5,522$2,878$1,444$706$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,300,000, adding $6,524 every year, while hoping to spend $59,392 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: 74/5/21 Blend
59$10,300,000$10,300,000$10,300,000$10,300,000
60$11,357,330$10,811,430$10,651,780$12,139,972
61$12,452,584$11,277,997$10,945,421$13,127,273
62$13,657,565$11,765,436$11,246,910$14,201,080
63$14,983,400$12,274,705$11,556,445$15,376,337
64$16,442,352$12,806,812$11,874,231$16,663,143
65$18,047,933$13,362,806$12,200,479$18,072,617
66$19,815,030$13,943,791$12,535,403$19,617,003
67$21,760,046$14,550,920$12,879,222$21,309,787
68$23,901,056$15,185,400$13,232,161$23,165,820
69$26,257,976$15,848,497$13,594,450$25,201,460
70$28,852,750$16,541,534$13,966,325$27,434,724
71$31,709,560$17,265,899$14,348,027$29,885,454
72$34,855,050$18,023,043$14,739,801$32,575,510
73$38,318,581$18,814,488$15,141,899$35,528,968
74$42,132,503$19,641,825$15,554,580$38,772,351
75$46,332,467$20,506,722$15,978,106$42,334,874
76$50,957,754$21,410,927$16,412,748$46,248,722
77$56,051,650$22,356,268$16,858,781$50,549,350
78$61,661,854$23,344,661$17,316,486$55,275,817
79$67,840,927$24,378,113$17,786,152$60,471,152
80$74,646,786$25,458,725$18,268,073$66,182,761
81$82,143,255$26,588,699$18,762,550$72,462,872
82$90,400,662$27,770,340$19,269,890$79,369,025
83$99,496,507$29,006,064$19,790,409$86,964,613
84$109,516,189$30,298,400$20,324,426$95,319,482
85$120,553,817$31,649,998$20,872,271$104,510,585
86$132,713,093$33,063,635$21,434,278$114,622,708
87$146,108,292$34,542,217$22,010,791$125,749,267
88$160,865,344$36,088,791$22,602,158$137,993,192
89$177,123,016$37,706,549$23,208,737$151,467,889
90$195,034,227$39,398,833$23,830,893$166,298,316
91$214,767,488$41,169,146$24,468,999$182,622,156
92$236,508,495$43,021,157$25,123,433$200,591,114
93$260,461,878$44,958,711$25,794,585$220,372,350
94$286,853,136$46,985,834$26,482,850$242,150,049
95$315,930,763$49,106,747$27,188,632$266,127,165
96$347,968,594$51,325,871$27,912,345$292,527,324
97$383,268,390$53,647,838$28,654,407$321,596,944
98$422,162,686$56,077,501$29,415,250$353,607,546
99$465,017,929$58,619,948$30,195,310$388,858,323
100$512,237,938$61,280,506$30,995,033$427,678,960