Can I retire at age 60 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$990,949$982,122$973,510$965,105$956,897$940,657
2 years$490,569$481,432$472,578$463,993$455,665$439,354
3 years$323,797$314,621$305,789$297,285$289,093$273,218
4 years$240,428$231,280$222,536$214,177$206,183$190,867
5 years$190,419$181,326$172,697$164,508$156,737$142,024
6 years$157,091$148,067$139,565$131,559$124,021$109,927
7 years$133,294$124,346$115,979$108,162$100,862$87,392
8 years$115,455$106,588$98,360$90,734$83,675$70,826
9 years$101,588$92,804$84,717$77,285$70,466$58,231
10 years$90,500$81,802$73,858$66,621$60,041$48,408
11 years$81,434$72,823$65,024$57,980$51,637$40,595
12 years$73,885$65,362$57,707$50,856$44,748$34,282
13 years$67,502$59,068$51,557$44,898$39,021$29,116
14 years$62,035$53,692$46,324$39,856$34,205$24,844
15 years$57,302$49,048$41,825$35,544$30,117$21,281
16 years$53,165$45,001$37,920$31,826$26,618$18,289
17 years$49,518$41,444$34,506$28,595$23,601$15,760
18 years$46,279$38,296$31,499$25,770$20,985$13,613
19 years$43,385$35,493$28,836$23,286$18,704$11,781
20 years$40,784$32,981$26,464$21,090$16,707$10,213
21 years$38,434$30,721$24,342$19,140$14,951$8,867
22 years$36,300$28,677$22,435$17,403$13,401$7,707
23 years$34,354$26,821$20,715$15,849$12,030$6,707
24 years$32,574$25,129$19,158$14,455$10,813$5,841
25 years$30,938$23,583$17,744$13,201$9,730$5,092
26 years$29,430$22,164$16,457$12,071$8,764$4,441
27 years$28,037$20,859$15,281$11,049$7,902$3,877
28 years$26,745$19,655$14,206$10,123$7,130$3,385
29 years$25,545$18,542$13,220$9,283$6,438$2,958
30 years$24,427$17,511$12,314$8,519$5,817$2,585
31 years$23,383$16,554$11,480$7,824$5,259$2,260
32 years$22,406$15,663$10,711$7,191$4,757$1,977
33 years$21,490$14,834$10,001$6,613$4,305$1,729
34 years$20,630$14,059$9,344$6,084$3,898$1,513
35 years$19,821$13,335$8,736$5,601$3,531$1,324
36 years$19,059$12,656$8,172$5,158$3,199$1,159
37 years$18,339$12,021$7,649$4,753$2,899$1,015
38 years$17,659$11,424$7,163$4,381$2,629$889
39 years$17,016$10,863$6,711$4,039$2,384$778
40 years$16,406$10,335$6,290$3,725$2,162$681
41 years$15,827$9,838$5,898$3,437$1,961$597
42 years$15,278$9,370$5,533$3,172$1,780$523
43 years$14,755$8,927$5,192$2,928$1,615$458
44 years$14,258$8,510$4,873$2,704$1,466$401
45 years$13,784$8,115$4,576$2,497$1,331$352
46 years$13,332$7,741$4,298$2,307$1,209$308
47 years$12,900$7,387$4,038$2,131$1,097$270
48 years$12,488$7,052$3,794$1,969$997$236
49 years$12,094$6,735$3,567$1,820$905$207
50 years$11,716$6,433$3,353$1,682$822$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,000,000, adding $2,176 every year, while hoping to spend $45,591 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: 44/30/26 Blend
59$12,000,000$12,000,000$12,000,000$12,000,000
60$13,226,245$12,590,245$12,404,245$13,708,283
61$14,526,813$13,158,658$12,771,278$14,619,874
62$15,958,511$13,753,396$13,149,080$15,602,863
63$17,534,667$14,375,700$13,537,961$16,667,552
64$19,269,965$15,026,870$13,938,244$17,821,558
65$21,180,586$15,708,272$14,350,260$19,073,244
66$23,284,360$16,421,332$14,774,349$20,431,797
67$25,600,935$17,167,547$15,210,860$21,907,309
68$28,151,960$17,948,487$15,660,153$23,510,867
69$30,961,292$18,765,794$16,122,600$25,254,656
70$34,055,216$19,621,191$16,598,580$27,152,066
71$37,462,702$20,516,483$17,088,485$29,217,816
72$41,215,666$21,453,560$17,592,719$31,468,087
73$45,349,285$22,434,404$18,111,695$33,920,668
74$49,902,315$23,461,093$18,645,840$36,595,122
75$54,917,467$24,535,803$19,195,592$39,512,960
76$60,441,807$25,660,815$19,761,402$42,697,843
77$66,527,195$26,838,519$20,343,734$46,175,794
78$73,230,784$28,071,421$20,943,063$49,975,442
79$80,615,549$29,362,147$21,559,882$54,128,280
80$88,750,891$30,713,447$22,194,693$58,668,961
81$97,713,283$32,128,207$22,848,016$63,635,613
82$107,586,997$33,609,449$23,520,384$69,070,193
83$118,464,900$35,160,341$24,212,346$75,018,873
84$130,449,325$36,784,203$24,924,465$81,532,471
85$143,653,044$38,484,517$25,657,322$88,666,918
86$158,200,325$40,264,929$26,411,514$96,483,778
87$174,228,111$42,129,263$27,187,652$105,050,819
88$191,887,309$44,081,528$27,986,369$114,442,646
89$211,344,215$46,125,923$28,808,313$124,741,387
90$232,782,084$48,266,853$29,654,151$136,037,465
91$256,402,860$50,508,931$30,524,568$148,430,436
92$282,429,080$52,856,998$31,420,269$162,029,914
93$311,105,979$55,316,123$32,341,981$176,956,601
94$342,703,798$57,891,623$33,290,447$193,343,406
95$377,520,343$60,589,070$34,266,434$211,336,687
96$415,883,790$63,414,306$35,270,731$231,097,621
97$458,155,784$66,373,454$36,304,148$252,803,707
98$504,734,854$69,472,933$37,367,517$276,650,430
99$556,060,175$72,719,474$38,461,696$302,853,083
100$612,615,714$76,120,129$39,587,564$331,648,790