Can I retire at age 60 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$966,175$957,569$949,172$940,977$932,974$913,018
2 years$478,304$469,397$460,763$452,393$444,274$424,265
3 years$315,702$306,756$298,144$289,852$281,865$262,429
4 years$234,417$225,498$216,973$208,822$201,029$182,314
5 years$185,659$176,793$168,380$160,396$152,819$134,880
6 years$153,164$144,365$136,076$128,270$120,920$103,775
7 years$129,962$121,237$113,080$105,458$98,341$81,993
8 years$112,569$103,923$95,901$88,466$81,583$66,027
9 years$99,048$90,484$82,599$75,353$68,705$53,930
10 years$88,237$79,757$72,012$64,955$58,540$44,531
11 years$79,398$71,003$63,398$56,530$50,346$37,085
12 years$72,038$63,728$56,264$49,585$43,629$31,096
13 years$65,814$57,592$50,268$43,776$38,045$26,218
14 years$60,484$52,349$45,166$38,859$33,350$22,205
15 years$55,870$47,822$40,779$34,656$29,364$18,876
16 years$51,835$43,876$36,972$31,030$25,952$16,097
17 years$48,280$40,408$33,643$27,881$23,011$13,762
18 years$45,122$37,339$30,712$25,126$20,460$11,792
19 years$42,301$34,605$28,115$22,704$18,237$10,123
20 years$39,765$32,157$25,803$20,562$16,289$8,703
21 years$37,473$29,953$23,734$18,662$14,577$7,493
22 years$35,392$27,960$21,874$16,968$13,066$6,458
23 years$33,495$26,150$20,197$15,453$11,729$5,572
24 years$31,759$24,501$18,679$14,094$10,542$4,811
25 years$30,164$22,993$17,300$12,871$9,487$4,157
26 years$28,695$21,610$16,045$11,769$8,545$3,595
27 years$27,336$20,337$14,899$10,772$7,704$3,110
28 years$26,077$19,164$13,851$9,870$6,952$2,692
29 years$24,906$18,079$12,889$9,051$6,277$2,330
30 years$23,816$17,074$12,006$8,306$5,672$2,018
31 years$22,798$16,140$11,193$7,629$5,128$1,749
32 years$21,846$15,272$10,443$7,011$4,638$1,516
33 years$20,953$14,463$9,751$6,447$4,198$1,314
34 years$20,114$13,707$9,111$5,932$3,801$1,139
35 years$19,326$13,001$8,518$5,461$3,442$988
36 years$18,582$12,340$7,968$5,029$3,119$856
37 years$17,881$11,720$7,458$4,634$2,827$743
38 years$17,218$11,138$6,984$4,271$2,563$644
39 years$16,590$10,592$6,543$3,938$2,324$559
40 years$15,996$10,077$6,133$3,632$2,108$485
41 years$15,432$9,592$5,751$3,351$1,912$421
42 years$14,896$9,135$5,395$3,093$1,735$365
43 years$14,386$8,704$5,062$2,855$1,575$317
44 years$13,901$8,297$4,752$2,636$1,430$275
45 years$13,439$7,912$4,462$2,435$1,298$239
46 years$12,998$7,548$4,190$2,249$1,178$207
47 years$12,578$7,203$3,937$2,078$1,070$180
48 years$12,176$6,876$3,700$1,920$972$156
49 years$11,791$6,566$3,477$1,774$883$135
50 years$11,423$6,272$3,269$1,640$802$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,700,000, adding $2,531 every year, while hoping to spend $48,164 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: 50/32/18 Blend
59$11,700,000$11,700,000$11,700,000$11,700,000
60$12,896,011$12,275,911$12,094,561$13,476,241
61$14,160,158$12,826,184$12,448,482$14,427,258
62$15,551,633$13,401,807$12,812,646$15,455,049
63$17,083,375$14,003,970$13,187,344$16,570,998
64$18,769,636$14,633,921$13,572,877$17,783,436
65$20,626,124$15,292,969$13,969,554$19,101,512
66$22,670,146$15,982,482$14,377,692$20,535,283
67$24,920,774$16,703,897$14,797,617$22,095,800
68$27,399,021$17,458,716$15,229,666$23,795,207
69$30,128,044$18,248,516$15,674,183$25,646,858
70$33,133,359$19,074,947$16,131,522$27,665,432
71$36,443,081$19,939,739$16,602,048$29,867,070
72$40,088,194$20,844,705$17,086,135$32,269,521
73$44,102,838$21,791,744$17,584,169$34,892,306
74$48,524,634$22,782,846$18,096,544$37,756,896
75$53,395,037$23,820,095$18,623,669$40,886,908
76$58,759,729$24,905,678$19,165,960$44,308,325
77$64,669,049$26,041,884$19,723,847$48,049,733
78$71,178,468$27,231,113$20,297,773$52,142,584
79$78,349,114$28,475,879$20,888,189$56,621,486
80$86,248,344$29,778,817$21,495,564$61,524,527
81$94,950,385$31,142,690$22,120,376$66,893,622
82$104,537,033$32,570,390$22,763,117$72,774,903
83$115,098,423$34,064,952$23,424,294$79,219,147
84$126,733,881$35,629,553$24,104,427$86,282,247
85$139,552,861$37,267,526$24,804,050$94,025,731
86$153,675,980$38,982,361$25,523,712$102,517,331
87$169,236,151$40,777,718$26,263,978$111,831,617
88$186,379,844$42,657,432$27,025,427$122,050,690
89$205,268,465$44,625,523$27,808,655$133,264,943
90$226,079,878$46,686,203$28,614,274$145,573,910
91$249,010,086$48,843,889$29,442,914$159,087,187
92$274,275,084$51,103,207$30,295,220$173,925,461
93$302,112,889$53,469,011$31,171,856$190,221,632
94$332,785,795$55,946,384$32,073,505$208,122,058
95$366,582,845$58,540,656$33,000,867$227,787,922
96$403,822,561$61,257,414$33,954,661$249,396,738
97$444,855,948$64,102,513$34,935,628$273,144,014
98$490,069,810$67,082,092$35,944,527$299,245,081
99$539,890,401$70,202,585$36,982,139$327,937,110
100$594,787,447$73,470,736$38,049,266$359,481,334