Can I retire at age 60 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$668,890$662,932$657,119$651,446$645,905$639,959
2 years$331,134$324,967$318,990$313,195$307,574$301,583
3 years$218,563$212,369$206,408$200,667$195,138$189,288
4 years$162,289$156,114$150,212$144,569$139,174$133,510
5 years$128,533$122,395$116,571$111,043$105,798$100,336
6 years$106,036$99,945$94,206$88,802$83,714$78,462
7 years$89,974$83,934$78,286$73,009$68,082$63,042
8 years$77,932$71,947$66,393$61,245$56,481$51,652
9 years$68,572$62,642$57,184$52,168$47,565$42,946
10 years$61,087$55,216$49,854$44,969$40,528$36,116
11 years$54,968$49,156$43,891$39,136$34,855$30,648
12 years$49,872$44,120$38,952$34,328$30,205$26,197
13 years$45,564$39,871$34,801$30,306$26,339$22,527
14 years$41,874$36,242$31,269$26,903$23,089$19,467
15 years$38,679$33,108$28,232$23,992$20,329$16,892
16 years$35,886$30,376$25,596$21,483$17,967$14,709
17 years$33,424$27,975$23,291$19,302$15,931$12,847
18 years$31,239$25,850$21,262$17,395$14,165$11,248
19 years$29,285$23,957$19,464$15,718$12,625$9,871
20 years$27,529$22,262$17,863$14,236$11,277$8,678
21 years$25,943$20,737$16,431$12,920$10,092$7,642
22 years$24,502$19,357$15,144$11,747$9,046$6,739
23 years$23,189$18,104$13,983$10,698$8,120$5,951
24 years$21,987$16,962$12,931$9,757$7,299$5,260
25 years$20,883$15,918$11,977$8,911$6,568$4,654
26 years$19,866$14,961$11,108$8,148$5,916$4,121
27 years$18,925$14,080$10,315$7,458$5,334$3,652
28 years$18,053$13,267$9,589$6,833$4,813$3,239
29 years$17,243$12,516$8,923$6,266$4,346$2,874
30 years$16,488$11,820$8,312$5,751$3,927$2,551
31 years$15,783$11,174$7,749$5,281$3,550$2,265
32 years$15,124$10,573$7,230$4,854$3,211$2,013
33 years$14,506$10,013$6,751$4,463$2,906$1,789
34 years$13,925$9,490$6,307$4,107$2,631$1,590
35 years$13,379$9,001$5,897$3,781$2,383$1,414
36 years$12,865$8,543$5,516$3,482$2,159$1,258
37 years$12,379$8,114$5,163$3,208$1,957$1,119
38 years$11,920$7,711$4,835$2,957$1,774$996
39 years$11,486$7,333$4,530$2,726$1,609$887
40 years$11,074$6,976$4,246$2,515$1,459$789
41 years$10,683$6,641$3,981$2,320$1,324$703
42 years$10,312$6,325$3,735$2,141$1,201$626
43 years$9,960$6,026$3,504$1,977$1,090$557
44 years$9,624$5,744$3,290$1,825$990$496
45 years$9,304$5,477$3,089$1,685$898$442
46 years$8,999$5,225$2,901$1,557$816$394
47 years$8,708$4,987$2,726$1,438$741$351
48 years$8,429$4,760$2,561$1,329$673$312
49 years$8,163$4,546$2,407$1,228$611$278
50 years$7,908$4,342$2,263$1,135$555$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $8,100,000, adding $5,660 every year, while hoping to spend $30,096 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: 59/24/17 Blend
59$8,100,000$8,100,000$8,100,000$8,100,000
60$8,932,038$8,502,738$8,377,188$9,419,459
61$9,811,084$8,887,351$8,625,802$10,134,446
62$10,778,784$9,289,800$8,881,736$10,909,991
63$11,844,149$9,710,929$9,145,203$11,755,064
64$13,017,108$10,151,621$9,416,423$12,676,382
65$14,308,602$10,612,799$9,695,622$13,681,332
66$15,730,686$11,095,432$9,983,032$14,778,035
67$17,296,645$11,600,537$10,278,892$15,975,428
68$19,021,116$12,129,178$10,583,449$17,283,339
69$20,920,231$12,682,468$10,896,955$18,712,580
70$23,011,762$13,261,577$11,219,671$20,275,049
71$25,315,296$13,867,728$11,551,864$21,983,833
72$27,852,415$14,502,206$11,893,811$23,853,339
73$30,646,902$15,166,354$12,245,794$25,899,416
74$33,724,963$15,861,582$12,608,104$28,139,510
75$37,115,476$16,589,367$12,981,043$30,592,821
76$40,850,264$17,351,256$13,364,918$33,280,485
77$44,964,395$18,148,871$13,760,046$36,225,765
78$49,496,510$18,983,913$14,166,755$39,454,271
79$54,489,192$19,858,162$14,585,379$42,994,197
80$59,989,365$20,773,487$15,016,264$46,876,583
81$66,048,737$21,731,845$15,459,766$51,135,603
82$72,724,290$22,735,287$15,916,249$55,808,888
83$80,078,814$23,785,962$16,386,090$60,937,869
84$88,181,504$24,886,125$16,869,675$66,568,172
85$97,108,609$26,038,138$17,367,402$72,750,036
86$106,944,156$27,244,476$17,879,679$79,538,789
87$117,780,739$28,507,734$18,406,927$86,995,361
88$129,720,394$29,830,632$18,949,579$95,186,856
89$142,875,564$31,216,023$19,508,079$104,187,176
90$157,370,157$32,666,893$20,082,885$114,077,719
91$173,340,719$34,186,377$20,674,467$124,948,135
92$190,937,720$35,777,758$21,283,310$136,897,169
93$210,326,978$37,444,478$21,909,911$150,033,585
94$231,691,219$39,190,146$22,554,782$164,477,188
95$255,231,805$41,018,545$23,218,449$180,359,945
96$281,170,635$42,933,641$23,901,454$197,827,224
97$309,752,240$44,939,589$24,604,352$217,039,157
98$341,246,088$47,040,748$25,327,717$238,172,145
99$375,949,130$49,241,686$26,072,137$261,420,515
100$414,188,605$51,547,192$26,838,217$286,998,342