Can I retire at age 60 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$751,469$744,776$738,245$731,871$725,647$699,622
2 years$372,015$365,086$358,371$351,861$345,546$319,608
3 years$245,546$238,588$231,890$225,441$219,229$194,193
4 years$182,324$175,387$168,757$162,417$156,356$132,413
5 years$144,401$137,506$130,962$124,752$118,859$96,072
6 years$119,127$112,284$105,837$99,765$94,049$72,435
7 years$101,082$94,296$87,951$82,023$76,487$56,041
8 years$87,554$80,829$74,589$68,807$63,453$44,158
9 years$77,037$70,376$64,244$58,608$53,437$35,267
10 years$68,629$62,033$56,009$50,521$45,531$28,455
11 years$61,754$55,224$49,310$43,968$39,158$23,140
12 years$56,029$49,566$43,761$38,566$33,934$18,935
13 years$51,189$44,794$39,098$34,048$29,591$15,571
14 years$47,043$40,716$35,129$30,224$25,939$12,855
15 years$43,454$37,195$31,717$26,954$22,839$10,647
16 years$40,316$34,126$28,756$24,135$20,185$8,841
17 years$37,551$31,428$26,167$21,685$17,897$7,358
18 years$35,095$29,041$23,887$19,542$15,914$6,134
19 years$32,901$26,915$21,867$17,658$14,184$5,121
20 years$30,928$25,011$20,069$15,993$12,670$4,281
21 years$29,146$23,297$18,459$14,515$11,338$3,582
22 years$27,527$21,747$17,013$13,197$10,163$3,000
23 years$26,052$20,339$15,709$12,019$9,123$2,514
24 years$24,702$19,056$14,528$10,962$8,200$2,108
25 years$23,461$17,884$13,456$10,011$7,378$1,768
26 years$22,318$16,808$12,480$9,154$6,646$1,484
27 years$21,261$15,818$11,588$8,379$5,992$1,246
28 years$20,282$14,905$10,773$7,677$5,407$1,046
29 years$19,372$14,061$10,025$7,040$4,882$879
30 years$18,524$13,279$9,338$6,461$4,411$738
31 years$17,732$12,553$8,706$5,933$3,988$620
32 years$16,991$11,878$8,122$5,453$3,608$521
33 years$16,297$11,249$7,584$5,015$3,265$438
34 years$15,645$10,661$7,086$4,614$2,956$368
35 years$15,031$10,112$6,625$4,247$2,677$310
36 years$14,453$9,598$6,197$3,912$2,426$260
37 years$13,907$9,116$5,801$3,604$2,199$219
38 years$13,392$8,663$5,432$3,322$1,993$184
39 years$12,904$8,238$5,089$3,063$1,808$155
40 years$12,441$7,838$4,770$2,825$1,640$130
41 years$12,002$7,461$4,473$2,607$1,487$109
42 years$11,586$7,105$4,196$2,406$1,350$92
43 years$11,189$6,770$3,937$2,221$1,225$77
44 years$10,812$6,453$3,696$2,050$1,112$65
45 years$10,453$6,154$3,470$1,894$1,009$55
46 years$10,110$5,870$3,259$1,749$916$46
47 years$9,783$5,602$3,062$1,616$832$39
48 years$9,470$5,348$2,877$1,493$756$33
49 years$9,171$5,107$2,705$1,380$686$27
50 years$8,885$4,878$2,543$1,276$623$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,100,000, adding $6,081 every year, while hoping to spend $27,338 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: 79/5/16 Blend
59$9,100,000$9,100,000$9,100,000$9,100,000
60$10,034,473$9,552,173$9,411,123$10,792,491
61$11,028,901$9,991,142$9,697,308$11,731,694
62$12,123,846$10,450,704$9,992,164$12,757,873
63$13,329,529$10,931,840$10,295,953$13,883,071
64$14,657,217$11,435,576$10,608,943$15,117,193
65$16,119,324$11,962,990$10,931,414$16,471,149
66$17,729,529$12,515,210$11,263,649$17,956,955
67$19,502,904$13,093,419$11,605,945$19,587,844
68$21,456,060$13,698,856$11,958,604$21,378,391
69$23,607,300$14,332,821$12,321,939$23,344,651
70$25,976,792$14,996,677$12,696,271$25,504,305
71$28,586,760$15,691,850$13,081,932$27,876,834
72$31,461,696$16,419,837$13,479,263$30,483,691
73$34,628,587$17,182,207$13,888,616$33,348,514
74$38,117,171$17,980,603$14,310,353$36,497,337
75$41,960,220$18,816,750$14,744,847$39,958,844
76$46,193,845$19,692,453$15,192,482$43,764,630
77$50,857,841$20,609,607$15,653,654$47,949,504
78$55,996,059$21,570,197$16,128,770$52,551,816
79$61,656,824$22,576,303$16,618,250$57,613,812
80$67,893,385$23,630,107$17,122,527$63,182,038
81$74,764,423$24,733,895$17,642,045$69,307,774
82$82,334,604$25,890,066$18,177,263$76,047,517
83$90,675,186$27,101,131$18,728,653$83,463,515
84$99,864,695$28,369,726$19,296,703$91,624,348
85$109,989,663$29,698,612$19,881,912$100,605,578
86$121,145,450$31,090,685$20,484,797$110,490,461
87$133,437,137$32,548,980$21,105,889$121,370,725
88$146,980,524$34,076,679$21,745,736$133,347,441
89$161,903,220$35,677,119$22,404,900$146,531,971
90$178,345,847$37,353,797$23,083,963$161,047,018
91$196,463,370$39,110,379$23,783,522$177,027,782
92$216,426,557$40,950,711$24,504,194$194,623,235
93$238,423,593$42,878,823$25,246,611$213,997,522
94$262,661,854$44,898,941$26,011,428$235,331,511
95$289,369,869$47,015,494$26,799,316$258,824,498
96$318,799,471$49,233,128$27,610,968$284,696,083
97$351,228,179$51,556,714$28,447,098$313,188,242
98$386,961,817$53,991,357$29,308,439$344,567,608
99$426,337,400$56,542,410$30,195,749$379,127,987
100$469,726,314$59,215,488$31,109,807$417,193,123