Can I retire at age 60 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$792,759$785,698$778,808$772,084$765,517$756,579
2 years$392,455$385,146$378,062$371,194$364,532$355,535
3 years$259,038$251,697$244,631$237,828$231,274$222,498
4 years$192,342$185,024$178,029$171,341$164,947$156,459
5 years$152,335$145,061$138,158$131,607$125,390$117,216
6 years$125,673$118,453$111,652$105,247$99,217$91,366
7 years$106,636$99,477$92,783$86,529$80,690$73,165
8 years$92,364$85,270$78,688$72,587$66,940$59,741
9 years$81,270$74,243$67,774$61,828$56,373$49,497
10 years$72,400$65,441$59,087$53,297$48,033$41,475
11 years$65,147$58,259$52,019$46,384$41,310$35,064
12 years$59,108$52,290$46,165$40,685$35,798$29,859
13 years$54,001$47,255$41,246$35,919$31,217$25,576
14 years$49,628$42,953$37,060$31,885$27,364$22,014
15 years$45,842$39,239$33,460$28,435$24,094$19,025
16 years$42,532$36,001$30,336$25,461$21,294$16,498
17 years$39,614$33,155$27,605$22,876$18,881$14,349
18 years$37,024$30,637$25,200$20,616$16,788$12,510
19 years$34,708$28,394$23,069$18,629$14,963$10,930
20 years$32,627$26,385$21,172$16,872$13,366$9,568
21 years$30,747$24,577$19,474$15,312$11,961$8,388
22 years$29,040$22,941$17,948$13,922$10,721$7,364
23 years$27,483$21,457$16,572$12,679$9,624$6,472
24 years$26,059$20,104$15,326$11,564$8,650$5,695
25 years$24,750$18,866$14,195$10,561$7,784$5,015
26 years$23,544$17,731$13,165$9,657$7,011$4,420
27 years$22,430$16,687$12,225$8,839$6,321$3,898
28 years$21,396$15,724$11,365$8,098$5,704$3,440
29 years$20,436$14,834$10,576$7,426$5,150$3,037
30 years$19,541$14,009$9,851$6,816$4,654$2,683
31 years$18,706$13,243$9,184$6,260$4,207$2,371
32 years$17,925$12,531$8,569$5,753$3,806$2,096
33 years$17,192$11,867$8,001$5,290$3,444$1,854
34 years$16,504$11,247$7,475$4,867$3,118$1,640
35 years$15,857$10,668$6,989$4,481$2,825$1,451
36 years$15,247$10,125$6,538$4,127$2,559$1,284
37 years$14,671$9,617$6,119$3,802$2,319$1,137
38 years$14,127$9,139$5,731$3,504$2,103$1,006
39 years$13,613$8,690$5,369$3,231$1,907$891
40 years$13,125$8,268$5,032$2,980$1,730$789
41 years$12,662$7,871$4,719$2,750$1,569$699
42 years$12,222$7,496$4,426$2,538$1,424$619
43 years$11,804$7,142$4,153$2,343$1,292$549
44 years$11,406$6,808$3,899$2,163$1,173$486
45 years$11,027$6,492$3,661$1,998$1,065$431
46 years$10,665$6,193$3,438$1,845$967$382
47 years$10,320$5,910$3,230$1,705$878$338
48 years$9,990$5,642$3,036$1,575$797$300
49 years$9,675$5,388$2,853$1,456$724$266
50 years$9,373$5,146$2,682$1,346$658$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $9,600,000, adding $6,616 every year, while hoping to spend $52,746 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: 59/12/29 Blend
59$9,600,000$9,600,000$9,600,000$9,600,000
60$10,586,024$10,077,224$9,928,424$11,126,523
61$11,609,678$10,514,887$10,204,905$11,934,810
62$12,735,976$10,972,227$10,488,880$12,809,922
63$13,975,332$11,450,154$10,780,545$13,763,443
64$15,339,223$11,949,618$11,080,100$14,803,013
65$16,840,290$12,471,615$11,387,749$15,937,040
66$18,492,464$13,017,189$11,703,704$17,174,776
67$20,311,096$13,587,432$12,028,179$18,526,402
68$22,313,099$14,183,487$12,361,394$20,003,127
69$24,517,109$14,806,553$12,703,575$21,617,285
70$26,943,664$15,457,883$13,054,954$23,382,457
71$29,615,389$16,138,791$13,415,767$25,313,590
72$32,557,220$16,850,653$13,786,256$27,427,143
73$35,796,632$17,594,910$14,166,671$29,741,235
74$39,363,898$18,373,071$14,557,264$32,275,816
75$43,292,380$19,186,715$14,958,297$35,052,854
76$47,618,838$20,037,500$15,370,035$38,096,538
77$52,383,779$20,927,157$15,792,751$41,433,506
78$57,631,841$21,857,505$16,226,725$45,093,091
79$63,412,211$22,830,444$16,672,242$49,107,600
80$69,779,088$23,847,968$17,129,594$53,512,612
81$76,792,200$24,912,163$17,599,080$58,347,312
82$84,517,363$26,025,217$18,081,007$63,654,859
83$93,027,101$27,189,420$18,575,688$69,482,791
84$102,401,335$28,407,171$19,083,444$75,883,468
85$112,728,133$29,680,985$19,604,601$82,914,565
86$124,104,543$31,013,494$20,139,496$90,639,613
87$136,637,509$32,407,457$20,688,471$99,128,596
88$150,444,877$33,865,765$21,251,877$108,458,604
89$165,656,513$35,391,446$21,830,074$118,714,562
90$182,415,523$36,987,672$22,423,427$129,990,024
91$200,879,607$38,657,768$23,032,311$142,388,054
92$221,222,544$40,405,216$23,657,111$156,022,196
93$243,635,837$42,233,666$24,298,219$171,017,536
94$268,330,517$44,146,940$24,956,033$187,511,884
95$295,539,135$46,149,045$25,630,966$205,657,068
96$325,517,957$48,244,179$26,323,434$225,620,362
97$358,549,385$50,436,740$27,033,865$247,586,059
98$394,944,620$52,731,337$27,762,696$271,757,207
99$435,046,599$55,132,800$28,510,374$298,357,521
100$479,233,235$57,646,190$29,277,355$327,633,484