Can I retire at age 60 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$982,691$973,938$965,398$957,062$948,923$934,742
2 years$486,481$477,420$468,640$460,126$451,868$437,613
3 years$321,099$311,999$303,241$294,807$286,684$272,798
4 years$238,424$229,353$220,682$212,392$204,465$191,056
5 years$188,832$179,815$171,258$163,137$155,431$142,537
6 years$155,782$146,833$138,402$130,462$122,987$110,624
7 years$132,184$123,310$115,013$107,260$100,022$88,192
8 years$114,493$105,699$97,540$89,978$82,978$71,681
9 years$100,741$92,030$84,011$76,641$69,879$59,109
10 years$89,746$81,120$73,243$66,065$59,541$49,289
11 years$80,756$72,217$64,482$57,497$51,207$41,464
12 years$73,269$64,818$57,226$50,432$44,375$35,128
13 years$66,939$58,576$51,128$44,524$38,696$29,932
14 years$61,518$53,244$45,938$39,524$33,920$25,626
15 years$56,825$48,640$41,476$35,248$29,866$22,027
16 years$52,721$44,626$37,604$31,561$26,396$18,996
17 years$49,105$41,099$34,218$28,357$23,404$16,428
18 years$45,894$37,977$31,237$25,556$20,810$14,241
19 years$43,024$35,197$28,596$23,092$18,548$12,370
20 years$40,444$32,707$26,244$20,914$16,568$10,764
21 years$38,113$30,465$24,139$18,981$14,826$9,380
22 years$35,997$28,438$22,248$17,258$13,290$8,185
23 years$34,068$26,597$20,542$15,717$11,930$7,150
24 years$32,302$24,920$18,998$14,335$10,723$6,252
25 years$30,680$23,386$17,596$13,091$9,649$5,471
26 years$29,185$21,979$16,319$11,970$8,691$4,791
27 years$27,803$20,685$15,154$10,957$7,836$4,199
28 years$26,523$19,491$14,088$10,039$7,070$3,682
29 years$25,332$18,388$13,110$9,206$6,384$3,230
30 years$24,223$17,365$12,211$8,448$5,769$2,834
31 years$23,188$16,416$11,384$7,759$5,215$2,488
32 years$22,219$15,533$10,622$7,131$4,718$2,185
33 years$21,311$14,710$9,917$6,557$4,270$1,920
34 years$20,458$13,942$9,266$6,033$3,866$1,687
35 years$19,656$13,223$8,663$5,554$3,501$1,483
36 years$18,900$12,551$8,104$5,115$3,172$1,303
37 years$18,186$11,921$7,586$4,713$2,875$1,146
38 years$17,512$11,329$7,104$4,344$2,607$1,008
39 years$16,874$10,773$6,655$4,005$2,364$886
40 years$16,269$10,249$6,238$3,694$2,144$779
41 years$15,695$9,756$5,849$3,409$1,945$686
42 years$15,150$9,292$5,487$3,146$1,765$603
43 years$14,632$8,853$5,149$2,904$1,602$531
44 years$14,139$8,439$4,833$2,681$1,454$467
45 years$13,669$8,047$4,538$2,476$1,320$411
46 years$13,221$7,677$4,262$2,287$1,198$361
47 years$12,793$7,326$4,004$2,113$1,088$318
48 years$12,384$6,994$3,763$1,953$988$280
49 years$11,993$6,678$3,537$1,805$898$246
50 years$11,619$6,379$3,325$1,668$815$217

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,900,000, adding $3,523 every year, while hoping to spend $38,584 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: 44/36/20 Blend
59$11,900,000$11,900,000$11,900,000$11,900,000
60$13,117,434$12,486,734$12,302,284$13,618,502
61$14,414,359$13,057,531$12,673,357$14,542,705
62$15,842,278$13,655,004$13,055,569$15,539,796
63$17,414,510$14,280,419$13,449,250$16,619,788
64$19,145,734$14,935,103$13,854,744$17,790,370
65$21,052,123$15,620,448$14,272,402$19,059,982
66$23,151,500$16,337,910$14,702,589$20,437,891
67$25,463,504$17,089,019$15,145,676$21,934,275
68$28,009,774$17,875,373$15,602,049$23,560,310
69$30,814,157$18,698,653$16,072,104$25,328,274
70$33,902,930$19,560,616$16,556,248$27,251,657
71$37,305,049$20,463,105$17,054,902$29,345,282
72$41,052,420$21,408,053$17,568,497$31,625,440
73$45,180,203$22,397,485$18,097,479$34,110,035
74$49,727,145$23,433,523$18,642,305$36,818,751
75$54,735,939$24,518,391$19,203,448$39,773,227
76$60,253,634$25,654,421$19,781,392$42,997,256
77$66,332,075$26,844,058$20,376,639$46,517,005
78$73,028,392$28,089,862$20,989,702$50,361,248
79$80,405,543$29,394,520$21,621,112$54,561,637
80$88,532,904$30,760,847$22,271,414$59,152,984
81$97,486,924$32,191,792$22,941,171$64,173,592
82$107,351,849$33,690,449$23,630,959$69,665,595
83$118,220,516$35,260,060$24,341,375$75,675,358
84$130,195,230$36,904,024$25,073,032$82,253,893
85$143,388,724$38,625,902$25,826,559$89,457,342
86$157,925,234$40,429,431$26,602,608$97,347,487
87$173,941,659$42,318,524$27,401,847$105,992,325
88$191,588,863$44,297,287$28,224,964$115,466,700
89$211,033,094$46,370,021$29,072,667$125,852,994
90$232,457,555$48,541,237$29,945,687$137,241,891
91$256,064,132$50,815,665$30,844,775$149,733,224
92$282,075,302$53,198,260$31,770,702$163,436,900
93$310,736,228$55,694,220$32,724,266$178,473,920
94$342,317,080$58,308,994$33,706,286$194,977,512
95$377,115,580$61,048,293$34,717,605$213,094,366
96$415,459,816$63,918,105$35,759,091$232,986,007
97$457,711,334$66,924,710$36,831,637$254,830,297
98$504,268,558$70,074,688$37,936,165$278,823,101
99$555,570,544$73,374,941$39,073,620$305,180,110
100$612,101,131$76,832,705$40,244,978$334,138,861