Can I retire at age 60 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$900,112$892,094$884,272$876,637$869,181$835,686
2 years$445,600$437,301$429,258$421,460$413,896$380,549
3 years$294,116$285,781$277,758$270,033$262,593$230,444
4 years$218,389$210,079$202,137$194,544$187,283$156,578
5 years$172,964$164,705$156,867$149,428$142,370$113,186
6 years$142,691$134,494$126,772$119,499$112,652$85,010
7 years$121,076$112,948$105,348$98,247$91,616$65,507
8 years$104,872$96,817$89,343$82,417$76,005$51,403
9 years$92,275$84,297$76,951$70,201$64,007$40,877
10 years$82,204$74,303$67,088$60,514$54,537$32,835
11 years$73,969$66,148$59,063$52,665$46,904$26,581
12 years$67,112$59,371$52,417$46,194$40,646$21,649
13 years$61,314$53,654$46,831$40,783$35,444$17,717
14 years$56,349$48,770$42,078$36,202$31,070$14,556
15 years$52,049$44,552$37,991$32,286$27,356$11,996
16 years$48,291$40,876$34,444$28,909$24,178$9,911
17 years$44,978$37,645$31,343$25,974$21,438$8,205
18 years$42,037$34,786$28,612$23,408$19,061$6,805
19 years$39,408$32,239$26,193$21,151$16,990$5,651
20 years$37,046$29,958$24,039$19,156$15,176$4,698
21 years$34,911$27,905$22,111$17,386$13,580$3,910
22 years$32,972$26,048$20,379$15,808$12,173$3,257
23 years$31,205$24,362$18,816$14,396$10,927$2,714
24 years$29,588$22,826$17,402$13,130$9,822$2,263
25 years$28,102$21,421$16,117$11,991$8,838$1,888
26 years$26,733$20,132$14,948$10,964$7,961$1,576
27 years$25,467$18,947$13,881$10,036$7,177$1,315
28 years$24,294$17,853$12,904$9,195$6,476$1,098
29 years$23,203$16,843$12,008$8,432$5,848$917
30 years$22,188$15,906$11,185$7,738$5,284$766
31 years$21,239$15,037$10,428$7,107$4,777$640
32 years$20,352$14,228$9,729$6,532$4,321$535
33 years$19,520$13,474$9,084$6,006$3,911$447
34 years$18,739$12,770$8,488$5,526$3,541$374
35 years$18,004$12,112$7,935$5,087$3,207$312
36 years$17,312$11,496$7,423$4,685$2,906$261
37 years$16,658$10,919$6,948$4,317$2,634$218
38 years$16,041$10,377$6,507$3,979$2,388$182
39 years$15,456$9,867$6,096$3,669$2,165$152
40 years$14,902$9,388$5,714$3,384$1,964$127
41 years$14,376$8,936$5,358$3,122$1,782$107
42 years$13,877$8,511$5,026$2,881$1,617$89
43 years$13,403$8,109$4,716$2,660$1,467$74
44 years$12,951$7,730$4,427$2,456$1,332$62
45 years$12,520$7,371$4,157$2,268$1,209$52
46 years$12,110$7,032$3,904$2,095$1,098$44
47 years$11,718$6,710$3,668$1,936$997$36
48 years$11,343$6,406$3,447$1,789$905$30
49 years$10,985$6,117$3,240$1,653$822$25
50 years$10,642$5,843$3,046$1,528$747$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,900,000, adding $6,079 every year, while hoping to spend $51,033 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: 76/5/19 Blend
59$10,900,000$10,900,000$10,900,000$10,900,000
60$12,018,070$11,440,370$11,271,420$12,878,193
61$13,189,615$11,946,650$11,594,714$13,954,652
62$14,478,947$12,476,027$11,927,128$15,127,681
63$15,898,026$13,029,579$12,268,914$16,412,489
64$17,460,031$13,608,435$12,620,329$17,820,223
65$19,179,484$14,213,777$12,981,639$19,363,161
66$21,072,384$14,846,846$13,353,118$21,054,820
67$23,156,363$15,508,937$13,735,043$22,910,090
68$25,450,848$16,201,411$14,127,703$24,945,369
69$27,977,245$16,925,690$14,531,391$27,178,719
70$30,759,143$17,683,268$14,946,411$29,630,034
71$33,822,533$18,475,705$15,373,073$32,321,224
72$37,196,056$19,304,640$15,811,696$35,276,427
73$40,911,273$20,171,786$16,262,607$38,522,228
74$45,002,960$21,078,941$16,726,142$42,087,915
75$49,509,440$22,027,987$17,202,646$46,005,749
76$54,472,940$23,020,896$17,692,472$50,311,270
77$59,939,994$24,059,734$18,195,984$55,043,631
78$65,961,878$25,146,665$18,713,554$60,245,964
79$72,595,096$26,283,959$19,245,564$65,965,787
80$79,901,914$27,473,990$19,792,408$72,255,449
81$87,950,943$28,719,250$20,354,488$79,172,625
82$96,817,793$30,022,347$20,932,217$86,780,857
83$106,585,781$31,386,015$21,526,020$95,150,152
84$117,346,720$32,813,119$22,136,331$104,357,641
85$129,201,784$34,306,661$22,763,596$114,488,305
86$142,262,465$35,869,785$23,408,275$125,635,775
87$156,651,620$37,505,789$24,070,837$137,903,213
88$172,504,639$39,218,126$24,751,763$151,404,286
89$189,970,714$41,010,416$25,451,549$166,264,234
90$209,214,253$42,886,452$26,170,702$182,621,049
91$230,416,428$44,850,210$26,909,742$200,626,778
92$253,776,888$46,905,855$27,669,202$220,448,955
93$279,515,642$49,057,753$28,449,632$242,272,178
94$307,875,134$51,310,479$29,251,591$266,299,851
95$339,122,534$53,668,830$30,075,656$292,756,097
96$373,552,260$56,137,829$30,922,418$321,887,879
97$411,488,753$58,722,746$31,792,482$353,967,317
98$453,289,545$61,429,099$32,686,469$389,294,263
99$499,348,629$64,262,676$33,605,016$428,199,124
100$550,100,181$67,229,539$34,548,776$471,045,977