Can I retire at age 60 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$933,143$924,831$916,722$908,807$901,078$888,713
2 years$461,952$453,349$445,011$436,926$429,085$416,649
3 years$304,909$296,268$287,951$279,943$272,229$260,110
4 years$226,403$217,789$209,555$201,683$194,156$182,446
5 years$179,311$170,749$162,623$154,912$147,594$136,327
6 years$147,927$139,429$131,424$123,884$116,786$105,976
7 years$125,519$117,093$109,214$101,852$94,979$84,629
8 years$108,720$100,370$92,622$85,441$78,794$68,903
9 years$95,662$87,390$79,775$72,777$66,356$56,920
10 years$85,221$77,030$69,550$62,734$56,538$47,550
11 years$76,684$68,575$61,231$54,598$48,625$40,076
12 years$69,575$61,550$54,341$47,890$42,137$34,018
13 years$63,564$55,623$48,550$42,279$36,745$29,043
14 years$58,417$50,560$43,622$37,531$32,210$24,915
15 years$53,959$46,187$39,385$33,471$28,360$21,459
16 years$50,063$42,376$35,708$29,970$25,065$18,545
17 years$46,629$39,027$32,493$26,927$22,224$16,072
18 years$43,580$36,062$29,662$24,267$19,761$13,963
19 years$40,855$33,422$27,154$21,927$17,613$12,155
20 years$38,405$31,057$24,921$19,859$15,732$10,600
21 years$36,192$28,929$22,922$18,024$14,079$9,258
22 years$34,182$27,004$21,126$16,388$12,620$8,097
23 years$32,350$25,256$19,506$14,925$11,328$7,090
24 years$30,673$23,664$18,040$13,612$10,182$6,214
25 years$29,133$22,207$16,709$12,431$9,162$5,451
26 years$27,714$20,871$15,497$11,367$8,253$4,785
27 years$26,402$19,642$14,390$10,404$7,441$4,203
28 years$25,185$18,509$13,377$9,532$6,714$3,694
29 years$24,055$17,461$12,449$8,741$6,063$3,249
30 years$23,002$16,490$11,596$8,022$5,478$2,858
31 years$22,019$15,588$10,810$7,368$4,953$2,516
32 years$21,099$14,750$10,086$6,771$4,480$2,215
33 years$20,237$13,968$9,417$6,227$4,054$1,950
34 years$19,427$13,239$8,799$5,729$3,671$1,718
35 years$18,665$12,557$8,227$5,274$3,325$1,514
36 years$17,947$11,918$7,696$4,857$3,012$1,334
37 years$17,269$11,320$7,203$4,475$2,730$1,176
38 years$16,629$10,758$6,745$4,125$2,475$1,037
39 years$16,023$10,229$6,320$3,803$2,245$914
40 years$15,449$9,732$5,923$3,508$2,036$806
41 years$14,904$9,264$5,554$3,237$1,847$711
42 years$14,387$8,823$5,210$2,987$1,676$627
43 years$13,894$8,407$4,889$2,757$1,521$553
44 years$13,426$8,013$4,589$2,546$1,381$488
45 years$12,980$7,641$4,309$2,351$1,253$430
46 years$12,554$7,290$4,047$2,172$1,138$380
47 years$12,148$6,956$3,802$2,007$1,033$335
48 years$11,759$6,641$3,573$1,854$938$296
49 years$11,388$6,342$3,358$1,714$852$261
50 years$11,033$6,058$3,157$1,584$774$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,300,000, adding $5,463 every year, while hoping to spend $34,453 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: 68/27/5 Blend
59$11,300,000$11,300,000$11,300,000$11,300,000
60$12,458,235$11,859,335$11,684,185$13,297,928
61$13,692,317$12,403,785$12,038,948$14,398,800
62$15,051,121$12,973,758$12,404,440$15,597,451
63$16,547,332$13,570,468$12,780,985$16,907,217
64$18,194,928$14,195,189$13,168,916$18,338,948
65$20,009,311$14,849,254$13,568,575$19,904,585
66$22,007,454$15,534,061$13,980,316$21,617,258
67$24,208,059$16,251,075$14,404,501$23,491,416
68$26,631,735$17,001,831$14,841,506$25,542,959
69$29,301,192$17,787,940$15,291,716$27,789,378
70$32,241,453$18,611,089$15,755,528$30,249,924
71$35,480,094$19,473,045$16,233,351$32,945,784
72$39,047,502$20,375,663$16,725,606$35,900,275
73$42,977,161$21,320,884$17,232,728$39,139,062
74$47,305,970$22,310,746$17,755,163$42,690,395
75$52,074,590$23,347,384$18,293,372$46,585,372
76$57,327,826$24,433,033$18,847,828$50,858,228
77$63,115,053$25,570,041$19,419,020$55,546,651
78$69,490,682$26,760,866$20,007,450$60,692,136
79$76,514,667$28,008,085$20,613,635$66,340,369
80$84,253,082$29,314,399$21,238,111$72,541,654
81$92,778,733$30,682,642$21,881,424$79,351,382
82$102,171,853$32,115,781$22,544,141$86,830,546
83$112,520,857$33,616,929$23,226,845$95,046,311
84$123,923,175$35,189,349$23,930,135$104,072,643
85$136,486,173$36,836,461$24,654,628$113,990,999
86$150,328,165$38,561,850$25,400,961$124,891,089
87$165,579,534$40,369,277$26,169,789$136,871,712
88$182,383,956$42,262,681$26,961,786$150,041,687
89$200,899,761$44,246,194$27,777,648$164,520,866
90$221,301,427$46,324,147$28,618,089$180,441,258
91$243,781,224$48,501,082$29,483,847$197,948,269
92$268,551,032$50,781,759$30,375,679$217,202,061
93$295,844,341$53,171,168$31,294,368$238,379,055
94$325,918,452$55,674,544$32,240,717$261,673,587
95$359,056,909$58,297,371$33,215,556$287,299,730
96$395,572,174$61,045,403$34,219,738$315,493,305
97$435,808,577$63,924,669$35,254,140$346,514,091
98$480,145,566$66,941,492$36,319,669$380,648,271
99$529,001,291$70,102,502$37,417,254$418,211,114
100$582,836,547$73,414,649$38,547,857$459,549,941