Can I retire at age 60 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$916,628$908,463$900,497$892,722$885,130$876,251
2 years$453,776$445,325$437,134$429,193$421,490$412,547
3 years$299,512$291,025$282,855$274,988$267,411$258,681
4 years$222,396$213,934$205,846$198,114$190,720$182,271
5 years$176,138$167,727$159,745$152,170$144,982$136,839
6 years$145,309$136,962$129,098$121,692$114,719$106,892
7 years$123,297$115,020$107,281$100,049$93,298$85,789
8 years$106,796$98,593$90,983$83,929$77,399$70,209
9 years$93,968$85,843$78,363$71,489$65,181$58,307
10 years$83,712$75,667$68,319$61,624$55,538$48,975
11 years$75,327$67,362$60,147$53,631$47,764$41,508
12 years$68,343$60,460$53,379$47,042$41,392$35,436
13 years$62,439$54,638$47,690$41,531$36,094$30,431
14 years$57,383$49,665$42,850$36,867$31,640$26,263
15 years$53,004$45,370$38,688$32,879$27,858$22,759
16 years$49,177$41,626$35,076$29,439$24,621$19,791
17 years$45,804$38,336$31,918$26,451$21,831$17,260
18 years$42,808$35,424$29,137$23,838$19,411$15,092
19 years$40,132$32,831$26,673$21,539$17,302$13,224
20 years$37,725$30,508$24,480$19,508$15,454$11,609
21 years$35,551$28,417$22,517$17,705$13,830$10,208
22 years$33,577$26,526$20,752$16,098$12,396$8,989
23 years$31,778$24,809$19,161$14,660$11,128$7,925
24 years$30,131$23,245$17,721$13,371$10,002$6,994
25 years$28,618$21,814$16,413$12,211$9,000$6,179
26 years$27,223$20,502$15,222$11,165$8,107$5,463
27 years$25,934$19,294$14,135$10,220$7,309$4,834
28 years$24,739$18,181$13,141$9,364$6,595$4,279
29 years$23,629$17,152$12,228$8,587$5,955$3,791
30 years$22,595$16,198$11,390$7,880$5,381$3,360
31 years$21,629$15,312$10,619$7,238$4,865$2,979
32 years$20,726$14,489$9,908$6,652$4,401$2,642
33 years$19,878$13,721$9,251$6,117$3,983$2,344
34 years$19,083$13,004$8,643$5,628$3,606$2,081
35 years$18,335$12,334$8,081$5,181$3,266$1,847
36 years$17,629$11,707$7,560$4,771$2,959$1,640
37 years$16,964$11,119$7,076$4,396$2,682$1,457
38 years$16,335$10,567$6,626$4,052$2,431$1,294
39 years$15,740$10,048$6,208$3,736$2,205$1,150
40 years$15,175$9,560$5,819$3,446$2,000$1,022
41 years$14,640$9,100$5,456$3,179$1,814$908
42 years$14,132$8,667$5,118$2,934$1,646$807
43 years$13,649$8,258$4,802$2,709$1,494$718
44 years$13,188$7,871$4,508$2,501$1,356$638
45 years$12,750$7,506$4,233$2,310$1,231$567
46 years$12,332$7,161$3,976$2,134$1,118$504
47 years$11,933$6,833$3,735$1,971$1,015$449
48 years$11,551$6,523$3,510$1,821$922$399
49 years$11,186$6,229$3,299$1,683$837$355
50 years$10,837$5,951$3,102$1,556$760$315

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,100,000, adding $5,775 every year, while hoping to spend $59,406 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: 67/27/6 Blend
59$11,100,000$11,100,000$11,100,000$11,100,000
60$12,238,157$11,649,857$11,477,807$13,046,751
61$13,423,241$12,157,492$11,799,106$14,091,228
62$14,727,213$12,688,011$12,129,177$15,224,896
63$16,162,137$13,242,471$12,468,253$16,462,595
64$17,741,304$13,821,981$12,816,568$17,814,468
65$19,479,361$14,427,703$13,174,367$19,291,673
66$21,392,446$15,060,850$13,541,899$20,906,485
67$23,498,341$15,722,697$13,919,417$22,672,411
68$25,816,638$16,414,576$14,307,185$24,604,309
69$28,368,928$17,137,883$14,705,468$26,718,534
70$31,179,000$17,894,080$15,114,543$29,033,080
71$34,273,067$18,684,700$15,534,689$31,567,754
72$37,680,014$19,511,344$15,966,195$34,344,354
73$41,431,669$20,375,693$16,409,356$37,386,875
74$45,563,105$21,279,507$16,864,475$40,721,730
75$50,112,966$22,224,628$17,331,860$44,377,993
76$55,123,840$23,212,987$17,811,829$48,387,674
77$60,642,653$24,246,604$18,304,706$52,786,014
78$66,721,115$25,327,598$18,810,824$57,611,813
79$73,416,206$26,458,188$19,330,524$62,907,792
80$80,790,717$27,640,697$19,864,155$68,720,992
81$88,913,839$28,877,560$20,412,073$75,103,211
82$97,861,817$30,171,327$20,974,644$82,111,489
83$107,718,670$31,524,670$21,552,242$89,808,641
84$118,576,982$32,940,387$22,145,251$98,263,843
85$130,538,780$34,421,411$22,754,062$107,553,279
86$143,716,489$35,970,815$23,379,077$117,760,854
87$158,234,002$37,591,815$24,020,707$128,978,979
88$174,227,842$39,287,786$24,679,372$141,309,437
89$191,848,453$41,062,259$25,355,502$154,864,334
90$211,261,622$42,918,936$26,049,538$169,767,154
91$232,650,040$44,861,696$26,761,930$186,153,911
92$256,215,028$46,894,603$27,493,139$204,174,429
93$282,178,437$49,021,915$28,243,635$223,993,744
94$310,784,743$51,248,094$29,013,902$245,793,658
95$342,303,351$53,577,815$29,804,432$269,774,438
96$377,031,141$56,015,977$30,615,730$296,156,702
97$415,295,272$58,567,714$31,448,311$325,183,489
98$457,456,262$61,238,405$32,302,702$357,122,544
99$503,911,402$64,033,687$33,179,443$392,268,830
100$555,098,495$66,959,468$34,079,084$430,947,305