Can I retire at age 60 with 11,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$974,433$965,753$957,285$949,019$940,949$932,675
2 years$482,393$473,408$464,701$456,259$448,071$439,734
3 years$318,401$309,378$300,693$292,330$284,274$276,132
4 years$236,421$227,425$218,827$210,607$202,747$194,862
5 years$187,245$178,304$169,819$161,766$154,125$146,521
6 years$154,473$145,599$137,239$129,366$121,954$114,640
7 years$131,073$122,274$114,046$106,359$99,181$92,160
8 years$113,531$104,811$96,720$89,222$82,280$75,553
9 years$99,894$91,257$83,305$75,997$69,292$62,856
10 years$88,992$80,438$72,627$65,510$59,040$52,891
11 years$80,077$71,610$63,940$57,014$50,777$44,910
12 years$72,653$64,273$56,745$50,009$44,002$38,413
13 years$66,377$58,084$50,698$44,150$38,370$33,052
14 years$61,001$52,797$45,552$39,192$33,635$28,581
15 years$56,347$48,231$41,128$34,952$29,615$24,818
16 years$52,278$44,251$37,288$31,296$26,174$21,625
17 years$48,692$40,753$33,931$28,119$23,208$18,900
18 years$45,508$37,658$30,974$25,341$20,635$16,561
19 years$42,662$34,901$28,356$22,898$18,393$14,543
20 years$40,104$32,432$26,023$20,738$16,429$12,795
21 years$37,793$30,209$23,936$18,821$14,702$11,276
22 years$35,695$28,199$22,061$17,113$13,178$9,952
23 years$33,782$26,374$20,370$15,585$11,829$8,794
24 years$32,031$24,711$18,838$14,214$10,633$7,779
25 years$30,422$23,190$17,448$12,981$9,568$6,888
26 years$28,940$21,795$16,182$11,870$8,618$6,104
27 years$27,570$20,511$15,027$10,864$7,770$5,414
28 years$26,300$19,328$13,969$9,954$7,011$4,805
29 years$25,119$18,233$13,000$9,128$6,331$4,266
30 years$24,020$17,219$12,109$8,377$5,720$3,790
31 years$22,993$16,278$11,289$7,694$5,172$3,369
32 years$22,033$15,402$10,532$7,071$4,678$2,996
33 years$21,132$14,586$9,834$6,502$4,234$2,665
34 years$20,286$13,825$9,188$5,983$3,833$2,371
35 years$19,491$13,112$8,591$5,507$3,472$2,110
36 years$18,741$12,446$8,036$5,072$3,146$1,879
37 years$18,034$11,820$7,522$4,673$2,851$1,673
38 years$17,365$11,234$7,044$4,308$2,585$1,490
39 years$16,732$10,682$6,599$3,972$2,344$1,327
40 years$16,132$10,163$6,186$3,663$2,126$1,183
41 years$15,564$9,674$5,800$3,380$1,929$1,054
42 years$15,023$9,213$5,441$3,119$1,750$939
43 years$14,509$8,779$5,105$2,879$1,588$837
44 years$14,020$8,368$4,792$2,659$1,442$746
45 years$13,554$7,979$4,500$2,455$1,309$665
46 years$13,109$7,612$4,226$2,268$1,188$593
47 years$12,685$7,264$3,971$2,095$1,079$529
48 years$12,280$6,935$3,731$1,936$980$471
49 years$11,892$6,622$3,507$1,789$890$420
50 years$11,521$6,326$3,297$1,654$808$375

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,800,000, adding $6,386 every year, while hoping to spend $22,551 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: 89/6/5 Blend
59$11,800,000$11,800,000$11,800,000$11,800,000
60$13,010,187$12,384,787$12,201,887$14,169,534
61$14,313,232$12,967,648$12,586,656$15,507,020
62$15,748,432$13,578,312$12,983,559$16,973,653
63$17,329,242$14,218,120$13,392,979$18,585,581
64$19,070,491$14,888,474$13,815,310$20,357,455
65$20,988,518$15,590,846$14,250,960$22,305,417
66$23,101,328$16,326,779$14,700,348$24,447,242
67$25,428,762$17,097,890$15,163,908$26,802,515
68$27,992,684$17,905,875$15,642,087$29,392,810
69$30,817,187$18,752,512$16,135,346$32,241,892
70$33,928,821$19,639,665$16,644,161$35,375,942
71$37,356,842$20,569,290$17,169,022$38,823,805
72$41,133,490$21,543,436$17,710,434$42,617,255
73$45,294,294$22,564,252$18,268,922$46,791,299
74$49,878,403$23,633,991$18,845,021$51,384,505
75$54,928,960$24,755,016$19,439,289$56,439,364
76$60,493,506$25,929,805$20,052,299$62,002,690
77$66,624,434$27,160,955$20,684,640$68,126,061
78$73,379,474$28,451,190$21,336,924$74,866,302
79$80,822,248$29,803,366$22,009,778$82,286,023
80$89,022,864$31,220,477$22,703,852$90,454,209
81$98,058,580$32,705,665$23,419,815$99,446,864
82$108,014,534$34,262,221$24,158,358$109,347,732
83$118,984,545$35,893,599$24,920,192$120,249,085
84$131,072,003$37,603,419$25,706,052$132,252,590
85$144,390,839$39,395,478$26,516,696$145,470,267
86$159,066,604$41,273,757$27,352,906$160,025,546
87$175,237,657$43,242,430$28,215,488$176,054,430
88$193,056,465$45,305,875$29,105,273$193,706,774
89$212,691,044$47,468,683$30,023,120$213,147,701
90$234,326,550$49,735,668$30,969,913$234,559,153
91$258,167,019$52,111,877$31,946,566$258,141,613
92$284,437,299$54,602,603$32,954,021$284,115,988
93$313,385,172$57,213,399$33,993,249$312,725,696
94$345,283,688$59,950,084$35,065,251$344,238,961
95$380,433,750$62,818,764$36,171,063$378,951,336
96$419,166,948$65,825,839$37,311,749$417,188,500
97$461,848,695$68,978,024$38,488,411$459,309,320
98$508,881,672$72,282,356$39,702,183$505,709,239
99$560,709,631$75,746,221$40,954,234$556,824,007
100$617,821,586$79,377,358$42,245,774$613,133,789