Can I retire at age 60 with 11,000,000?

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 $11,000,000?

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$908,370$900,278$892,384$884,679$877,155$873,092
2 years$449,688$441,313$433,196$425,327$417,693$413,592
3 years$296,814$288,403$280,307$272,511$265,002$260,989
4 years$220,392$212,007$203,991$196,329$189,001$185,108
5 years$174,551$166,216$158,306$150,799$143,676$139,914
6 years$144,000$135,728$127,935$120,595$113,686$110,060
7 years$122,187$113,984$106,314$99,148$92,457$88,969
8 years$105,834$97,705$90,163$83,173$76,702$73,352
9 years$93,122$85,070$77,657$70,845$64,594$61,382
10 years$82,958$74,985$67,703$61,069$55,037$51,961
11 years$74,648$66,755$59,605$53,148$47,334$44,392
12 years$67,728$59,915$52,898$46,618$41,019$38,208
13 years$61,877$54,146$47,261$41,157$35,769$33,087
14 years$56,866$49,217$42,464$36,534$31,355$28,799
15 years$52,527$44,961$38,339$32,582$27,607$25,175
16 years$48,734$41,251$34,760$29,174$24,400$22,086
17 years$45,391$37,990$31,630$26,213$21,634$19,437
18 years$42,423$35,105$28,874$23,623$19,236$17,151
19 years$39,770$32,535$26,433$21,345$17,146$15,170
20 years$37,386$30,233$24,259$19,332$15,315$13,444
21 years$35,231$28,161$22,314$17,545$13,705$11,935
22 years$33,275$26,287$20,566$15,953$12,285$10,612
23 years$31,491$24,586$18,989$14,528$11,027$9,448
24 years$29,859$23,035$17,561$13,251$9,912$8,422
25 years$28,360$21,617$16,265$12,101$8,919$7,516
26 years$26,978$20,317$15,085$11,065$8,034$6,713
27 years$25,701$19,121$14,008$10,128$7,243$6,001
28 years$24,517$18,017$13,022$9,279$6,536$5,368
29 years$23,416$16,997$12,118$8,509$5,902$4,805
30 years$22,391$16,052$11,288$7,809$5,332$4,304
31 years$21,434$15,175$10,523$7,172$4,821$3,857
32 years$20,539$14,358$9,818$6,592$4,361$3,457
33 years$19,699$13,597$9,167$6,061$3,947$3,101
34 years$18,911$12,887$8,565$5,577$3,573$2,782
35 years$18,169$12,223$8,008$5,134$3,236$2,497
36 years$17,471$11,602$7,491$4,728$2,932$2,242
37 years$16,811$11,019$7,012$4,357$2,658$2,013
38 years$16,188$10,472$6,566$4,016$2,409$1,808
39 years$15,598$9,958$6,152$3,702$2,185$1,625
40 years$15,039$9,474$5,766$3,415$1,982$1,460
41 years$14,508$9,018$5,407$3,151$1,798$1,312
42 years$14,005$8,589$5,072$2,908$1,632$1,179
43 years$13,526$8,183$4,759$2,684$1,481$1,060
44 years$13,070$7,801$4,467$2,478$1,344$953
45 years$12,635$7,439$4,195$2,289$1,220$857
46 years$12,221$7,096$3,940$2,114$1,108$771
47 years$11,825$6,772$3,701$1,953$1,006$693
48 years$11,447$6,465$3,478$1,805$914$624
49 years$11,086$6,173$3,269$1,668$830$561
50 years$10,740$5,897$3,074$1,542$754$505

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,000,000, adding $3,607 every year, while hoping to spend $43,037 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: 87/5/8 Blend
59$11,000,000$11,000,000$11,000,000$11,000,000
60$12,125,721$11,542,721$11,372,221$13,170,735
61$13,316,753$12,062,523$11,707,399$14,372,249
62$14,627,828$12,606,353$12,052,363$15,686,411
63$16,071,146$13,175,343$12,407,396$17,129,514
64$17,660,146$13,770,679$12,772,788$18,714,533
65$19,409,642$14,393,603$13,148,837$20,455,757
66$21,335,954$15,045,418$13,535,851$22,368,928
67$23,457,065$15,727,487$13,934,146$24,471,386
68$25,792,792$16,441,240$14,344,046$26,782,230
69$28,364,970$17,188,174$14,765,886$29,322,504
70$31,197,663$17,969,860$15,200,008$32,115,385
71$34,317,383$18,787,942$15,646,767$35,186,411
72$37,753,348$19,644,143$16,106,525$38,563,713
73$41,537,752$20,540,269$16,579,657$42,278,284
74$45,706,073$21,478,212$17,066,545$46,364,267
75$50,297,403$22,459,956$17,567,586$50,859,281
76$55,354,823$23,487,578$18,083,185$55,804,769
77$60,925,803$24,563,257$18,613,759$61,246,393
78$67,062,653$25,689,276$19,159,739$67,234,461
79$73,823,019$26,868,025$19,721,565$73,824,400
80$81,270,421$28,102,012$20,299,691$81,077,281
81$89,474,858$29,393,865$20,894,585$89,060,390
82$98,513,465$30,746,336$21,506,725$97,847,865
83$108,471,243$32,162,311$22,136,606$107,521,392
84$119,441,861$33,644,816$22,784,733$118,170,975
85$131,528,539$35,197,020$23,451,630$129,895,784
86$144,845,022$36,822,245$24,137,831$142,805,092
87$159,516,653$38,523,974$24,843,887$157,019,298
88$175,681,560$40,305,858$25,570,366$172,671,070
89$193,491,956$42,171,721$26,317,850$189,906,588
90$213,115,574$44,125,575$27,086,937$208,886,926
91$234,737,256$46,171,621$27,878,243$229,789,571
92$258,560,692$48,314,266$28,692,400$252,810,091
93$284,810,346$50,558,129$29,530,058$278,163,987
94$313,733,574$52,908,049$30,391,887$306,088,716
95$345,602,956$55,369,101$31,278,573$336,845,938
96$380,718,875$57,946,605$32,190,823$370,723,978
97$419,412,347$60,646,135$33,129,362$408,040,547
98$462,048,148$63,473,537$34,094,937$449,145,739
99$509,028,256$66,434,937$35,088,315$494,425,332
100$560,795,648$69,536,759$36,110,283$544,304,429