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%11.9%
1 years$990,949$982,122$973,510$965,105$956,897$949,276
2 years$490,569$481,432$472,578$463,993$455,665$447,983
3 years$323,797$314,621$305,789$297,285$289,093$281,587
4 years$240,428$231,280$222,536$214,177$206,183$198,912
5 years$190,419$181,326$172,697$164,508$156,737$149,722
6 years$157,091$148,067$139,565$131,559$124,021$117,271
7 years$133,294$124,346$115,979$108,162$100,862$94,380
8 years$115,455$106,588$98,360$90,734$83,675$77,461
9 years$101,588$92,804$84,717$77,285$70,466$64,519
10 years$90,500$81,802$73,858$66,621$60,041$54,356
11 years$81,434$72,823$65,024$57,980$51,637$46,211
12 years$73,885$65,362$57,707$50,856$44,748$39,575
13 years$67,502$59,068$51,557$44,898$39,021$34,096
14 years$62,035$53,692$46,324$39,856$34,205$29,522
15 years$57,302$49,048$41,825$35,544$30,117$25,669
16 years$53,165$45,001$37,920$31,826$26,618$22,398
17 years$49,518$41,444$34,506$28,595$23,601$19,603
18 years$46,279$38,296$31,499$25,770$20,985$17,201
19 years$43,385$35,493$28,836$23,286$18,704$15,127
20 years$40,784$32,981$26,464$21,090$16,707$13,328
21 years$38,434$30,721$24,342$19,140$14,951$11,763
22 years$36,300$28,677$22,435$17,403$13,401$10,397
23 years$34,354$26,821$20,715$15,849$12,030$9,201
24 years$32,574$25,129$19,158$14,455$10,813$8,152
25 years$30,938$23,583$17,744$13,201$9,730$7,230
26 years$29,430$22,164$16,457$12,071$8,764$6,417
27 years$28,037$20,859$15,281$11,049$7,902$5,700
28 years$26,745$19,655$14,206$10,123$7,130$5,067
29 years$25,545$18,542$13,220$9,283$6,438$4,507
30 years$24,427$17,511$12,314$8,519$5,817$4,010
31 years$23,383$16,554$11,480$7,824$5,259$3,570
32 years$22,406$15,663$10,711$7,191$4,757$3,180
33 years$21,490$14,834$10,001$6,613$4,305$2,833
34 years$20,630$14,059$9,344$6,084$3,898$2,525
35 years$19,821$13,335$8,736$5,601$3,531$2,251
36 years$19,059$12,656$8,172$5,158$3,199$2,008
37 years$18,339$12,021$7,649$4,753$2,899$1,791
38 years$17,659$11,424$7,163$4,381$2,629$1,598
39 years$17,016$10,863$6,711$4,039$2,384$1,426
40 years$16,406$10,335$6,290$3,725$2,162$1,272
41 years$15,827$9,838$5,898$3,437$1,961$1,136
42 years$15,278$9,370$5,533$3,172$1,780$1,014
43 years$14,755$8,927$5,192$2,928$1,615$905
44 years$14,258$8,510$4,873$2,704$1,466$808
45 years$13,784$8,115$4,576$2,497$1,331$722
46 years$13,332$7,741$4,298$2,307$1,209$645
47 years$12,900$7,387$4,038$2,131$1,097$576
48 years$12,488$7,052$3,794$1,969$997$514
49 years$12,094$6,735$3,567$1,820$905$459
50 years$11,716$6,433$3,353$1,682$822$410

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 $6,565 every year, while hoping to spend $31,340 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: 67/26/7 Blend
59$12,000,000$12,000,000$12,000,000$12,000,000
60$13,230,772$12,594,772$12,408,772$14,101,054
61$14,546,965$13,178,570$12,791,120$15,263,085
62$15,996,360$13,789,924$13,185,227$16,528,571
63$17,592,509$14,430,151$13,591,452$17,911,166
64$19,350,348$15,100,631$14,010,169$19,422,301
65$21,286,333$15,802,813$14,441,760$21,074,549
66$23,418,601$16,538,212$14,886,620$22,881,742
67$25,767,132$17,308,418$15,345,156$24,859,099
68$28,353,949$18,115,100$15,817,788$27,023,362
69$31,203,316$18,960,004$16,304,949$29,392,955
70$34,341,973$19,844,963$16,807,083$31,988,153
71$37,799,383$20,771,895$17,324,649$34,831,269
72$41,608,018$21,742,815$17,858,122$37,946,858
73$45,803,655$22,759,833$18,407,989$41,361,950
74$50,425,724$23,825,161$18,974,752$45,106,295
75$55,517,671$24,941,117$19,558,930$49,212,643
76$61,127,376$26,110,134$20,161,057$53,717,046
77$67,307,598$27,334,761$20,781,682$58,659,195
78$74,116,477$28,617,668$21,421,373$64,082,785
79$81,618,083$29,961,659$22,080,714$70,035,929
80$89,883,017$31,369,669$22,760,307$76,571,599
81$98,989,080$32,844,779$23,460,772$83,748,125
82$109,022,009$34,390,216$24,182,751$91,629,734
83$120,076,281$36,009,364$24,926,901$100,287,156
84$132,256,012$37,705,773$25,693,902$109,798,279
85$145,675,931$39,483,162$26,484,454$120,248,878
86$160,462,471$41,345,432$27,299,278$131,733,421
87$176,754,957$43,296,672$28,139,118$144,355,945
88$194,706,925$45,341,171$29,004,740$158,231,037
89$214,487,566$47,483,423$29,896,934$173,484,901
90$236,283,330$49,728,142$30,816,513$190,256,546
91$260,299,679$52,080,271$31,764,316$208,699,081
92$286,763,033$54,544,991$32,741,207$228,981,157
93$315,922,902$57,127,735$33,748,077$251,288,543
94$348,054,243$59,834,199$34,785,843$275,825,873
95$383,460,058$62,670,358$35,855,451$302,818,561
96$422,474,252$65,642,473$36,957,876$332,514,921
97$465,464,783$68,757,111$38,094,122$365,188,498
98$512,837,140$72,021,159$39,265,225$401,140,631
99$565,038,168$75,441,836$40,472,250$440,703,292
100$622,560,288$79,026,713$41,716,297$484,242,199