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%16.8%
1 years$990,949$982,122$973,510$965,105$956,897$930,369
2 years$490,569$481,432$472,578$463,993$455,665$429,137
3 years$323,797$314,621$305,789$297,285$289,093$263,395
4 years$240,428$231,280$222,536$214,177$206,183$181,513
5 years$190,419$181,326$172,697$164,508$156,737$133,162
6 years$157,091$148,067$139,565$131,559$124,021$101,563
7 years$133,294$124,346$115,979$108,162$100,862$79,522
8 years$115,455$106,588$98,360$90,734$83,675$63,441
9 years$101,588$92,804$84,717$77,285$70,466$51,320
10 years$90,500$81,802$73,858$66,621$60,041$41,957
11 years$81,434$72,823$65,024$57,980$51,637$34,587
12 years$73,885$65,362$57,707$50,856$44,748$28,698
13 years$67,502$59,068$51,557$44,898$39,021$23,938
14 years$62,035$53,692$46,324$39,856$34,205$20,053
15 years$57,302$49,048$41,825$35,544$30,117$16,858
16 years$53,165$45,001$37,920$31,826$26,618$14,213
17 years$49,518$41,444$34,506$28,595$23,601$12,011
18 years$46,279$38,296$31,499$25,770$20,985$10,171
19 years$43,385$35,493$28,836$23,286$18,704$8,627
20 years$40,784$32,981$26,464$21,090$16,707$7,328
21 years$38,434$30,721$24,342$19,140$14,951$6,232
22 years$36,300$28,677$22,435$17,403$13,401$5,305
23 years$34,354$26,821$20,715$15,849$12,030$4,520
24 years$32,574$25,129$19,158$14,455$10,813$3,854
25 years$30,938$23,583$17,744$13,201$9,730$3,288
26 years$29,430$22,164$16,457$12,071$8,764$2,807
27 years$28,037$20,859$15,281$11,049$7,902$2,397
28 years$26,745$19,655$14,206$10,123$7,130$2,047
29 years$25,545$18,542$13,220$9,283$6,438$1,750
30 years$24,427$17,511$12,314$8,519$5,817$1,496
31 years$23,383$16,554$11,480$7,824$5,259$1,279
32 years$22,406$15,663$10,711$7,191$4,757$1,094
33 years$21,490$14,834$10,001$6,613$4,305$935
34 years$20,630$14,059$9,344$6,084$3,898$800
35 years$19,821$13,335$8,736$5,601$3,531$684
36 years$19,059$12,656$8,172$5,158$3,199$586
37 years$18,339$12,021$7,649$4,753$2,899$501
38 years$17,659$11,424$7,163$4,381$2,629$429
39 years$17,016$10,863$6,711$4,039$2,384$367
40 years$16,406$10,335$6,290$3,725$2,162$314
41 years$15,827$9,838$5,898$3,437$1,961$269
42 years$15,278$9,370$5,533$3,172$1,780$230
43 years$14,755$8,927$5,192$2,928$1,615$197
44 years$14,258$8,510$4,873$2,704$1,466$169
45 years$13,784$8,115$4,576$2,497$1,331$144
46 years$13,332$7,741$4,298$2,307$1,209$124
47 years$12,900$7,387$4,038$2,131$1,097$106
48 years$12,488$7,052$3,794$1,969$997$91
49 years$12,094$6,735$3,567$1,820$905$78
50 years$11,716$6,433$3,353$1,682$822$66

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 $4,420 every year, while hoping to spend $34,241 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: 51/41/8 Blend
59$12,000,000$12,000,000$12,000,000$12,000,000
60$13,228,559$12,592,559$12,406,559$13,876,082
61$14,541,440$13,173,162$12,785,747$14,898,076
62$15,987,087$13,781,068$13,176,490$16,004,405
63$17,579,007$14,417,576$13,579,138$17,206,231
64$19,332,081$15,084,053$13,994,055$18,512,535
65$21,262,709$15,781,928$14,421,612$19,933,180
66$23,388,962$16,512,699$14,862,192$21,478,999
67$25,730,753$17,277,938$15,316,192$23,161,891
68$28,310,024$18,079,291$15,784,019$24,994,930
69$31,150,954$18,918,484$16,266,092$26,992,483
70$34,280,189$19,797,328$16,762,844$29,170,339
71$37,727,089$20,717,717$17,274,720$31,545,851
72$41,524,008$21,681,641$17,802,178$34,138,097
73$45,706,598$22,691,183$18,345,693$36,968,048
74$50,314,147$23,748,527$18,905,750$40,058,766
75$55,389,949$24,855,964$19,482,851$43,435,609
76$60,981,711$26,015,893$20,077,514$47,126,465
77$67,142,006$27,230,832$20,690,271$51,162,006
78$73,928,765$28,503,418$21,321,670$55,575,972
79$81,405,830$29,836,416$21,972,276$60,405,478
80$89,643,549$31,232,725$22,642,672$65,691,358
81$98,719,448$32,695,385$23,333,458$71,478,539
82$108,718,954$34,227,581$24,045,251$77,816,454
83$119,736,208$35,832,654$24,778,688$84,759,502
84$131,874,952$37,514,104$25,534,425$92,367,548
85$145,249,506$39,275,604$26,313,137$100,706,477
86$159,985,848$41,121,001$27,115,520$109,848,805
87$176,222,805$43,054,331$27,942,291$119,874,350
88$194,113,362$45,079,824$28,794,188$130,870,972
89$213,826,104$47,201,915$29,671,972$142,935,391
90$235,546,811$49,425,253$30,576,428$156,174,083
91$259,480,210$51,754,714$31,508,362$170,704,273
92$285,851,905$54,195,409$32,468,605$186,655,021
93$314,910,511$56,752,696$33,458,016$204,168,432
94$346,929,999$59,432,194$34,477,475$223,400,970
95$382,212,281$62,239,794$35,527,893$244,524,927
96$421,090,062$65,181,672$36,610,206$267,730,021
97$463,929,979$68,264,304$37,725,378$293,225,177
98$511,136,062$71,494,480$38,874,403$321,240,470
99$563,153,550$74,879,319$40,058,305$352,029,279
100$620,473,092$78,426,286$41,278,139$385,870,659