Can I retire at age 60 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$999,207$990,306$981,623$973,147$964,871$938,501
2 years$494,657$485,444$476,516$467,859$459,462$433,088
3 years$326,495$317,243$308,337$299,762$291,502$265,948
4 years$242,431$233,207$224,391$215,962$207,902$183,365
5 years$192,006$182,837$174,136$165,879$158,043$134,592
6 years$158,400$149,300$140,728$132,655$125,054$102,709
7 years$134,405$125,382$116,946$109,063$101,703$80,466
8 years$116,417$107,476$99,179$91,490$84,372$64,232
9 years$102,434$93,577$85,423$77,929$71,054$51,991
10 years$91,254$82,484$74,474$67,176$60,541$42,532
11 years$82,113$73,430$65,565$58,463$52,067$35,083
12 years$74,500$65,907$58,188$51,280$45,121$29,130
13 years$68,064$59,561$51,987$45,273$39,346$24,314
14 years$62,552$54,139$46,710$40,188$34,490$20,382
15 years$57,780$49,457$42,173$35,841$30,368$17,147
16 years$53,608$45,376$38,236$32,091$26,839$14,466
17 years$49,930$41,789$34,793$28,834$23,798$12,235
18 years$46,665$38,615$31,762$25,985$21,160$10,368
19 years$43,747$35,788$29,077$23,480$18,860$8,801
20 years$41,124$33,256$26,685$21,265$16,846$7,481
21 years$38,754$30,977$24,545$19,300$15,076$6,367
22 years$36,602$28,916$22,622$17,548$13,513$5,425
23 years$34,641$27,044$20,887$15,981$12,130$4,625
24 years$32,845$25,339$19,317$14,576$10,903$3,947
25 years$31,196$23,779$17,892$13,311$9,811$3,370
26 years$29,676$22,349$16,594$12,171$8,837$2,879
27 years$28,271$21,033$15,409$11,141$7,968$2,460
28 years$26,968$19,819$14,324$10,207$7,189$2,104
29 years$25,758$18,697$13,330$9,360$6,492$1,799
30 years$24,630$17,657$12,416$8,590$5,866$1,539
31 years$23,578$16,692$11,576$7,890$5,303$1,317
32 years$22,593$15,794$10,800$7,251$4,797$1,127
33 years$21,669$14,957$10,084$6,668$4,341$965
34 years$20,802$14,176$9,422$6,135$3,931$826
35 years$19,986$13,446$8,809$5,647$3,560$707
36 years$19,218$12,762$8,241$5,201$3,226$606
37 years$18,492$12,121$7,713$4,792$2,924$519
38 years$17,806$11,519$7,223$4,417$2,650$444
39 years$17,158$10,954$6,767$4,073$2,403$381
40 years$16,543$10,421$6,343$3,757$2,180$326
41 years$15,959$9,920$5,948$3,466$1,978$279
42 years$15,405$9,448$5,579$3,199$1,795$239
43 years$14,878$9,002$5,235$2,953$1,629$205
44 years$14,377$8,581$4,914$2,726$1,478$176
45 years$13,899$8,182$4,614$2,518$1,342$150
46 years$13,443$7,806$4,334$2,326$1,219$129
47 years$13,008$7,449$4,071$2,149$1,107$110
48 years$12,592$7,111$3,826$1,985$1,005$95
49 years$12,194$6,791$3,596$1,835$913$81
50 years$11,814$6,487$3,381$1,696$829$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,100,000, adding $2,317 every year, while hoping to spend $41,388 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: 72/22/6 Blend
59$12,100,000$12,100,000$12,100,000$12,100,000
60$13,336,590$12,695,290$12,507,740$14,287,002
61$14,652,886$13,273,323$12,882,713$15,492,057
62$16,102,056$13,878,292$13,268,860$16,805,567
63$17,697,612$14,511,474$13,666,512$18,242,451
64$19,454,438$15,174,205$14,076,010$19,814,853
65$21,388,937$15,867,889$14,497,704$21,536,131
66$23,519,186$16,593,992$14,931,953$23,420,989
67$25,865,100$17,354,055$15,379,131$25,485,607
68$28,448,626$18,149,689$15,839,618$27,747,796
69$31,293,948$18,982,587$16,313,808$30,227,158
70$34,427,716$19,854,518$16,802,105$32,945,271
71$37,879,294$20,767,341$17,304,927$35,925,891
72$41,681,042$21,723,000$17,822,701$39,195,166
73$45,868,616$22,723,536$18,355,870$42,781,889
74$50,481,311$23,771,085$18,904,888$46,717,757
75$55,562,425$24,867,888$19,470,221$51,037,672
76$61,159,670$26,016,293$20,052,352$55,780,062
77$67,325,626$27,218,760$20,651,775$60,987,244
78$74,118,231$28,477,871$21,269,001$66,705,817
79$81,601,332$29,796,328$21,904,554$72,987,095
80$89,845,285$31,176,965$22,558,973$79,887,590
81$98,927,620$32,622,752$23,232,815$87,469,537
82$108,933,774$34,136,804$23,926,651$95,801,480
83$119,957,896$35,722,384$24,641,071$104,958,910
84$132,103,733$37,382,913$25,376,678$115,024,972
85$145,485,615$39,121,976$26,134,098$126,091,245
86$160,229,529$40,943,334$26,913,972$138,258,601
87$176,474,310$42,850,927$27,716,959$151,638,147
88$194,372,952$44,848,884$28,543,739$166,352,270
89$214,094,050$46,941,537$29,395,012$182,535,785
90$235,823,395$49,133,424$30,271,497$200,337,196
91$259,765,723$51,429,304$31,173,934$219,920,094
92$286,146,652$53,834,165$32,103,085$241,464,692
93$315,214,807$56,353,236$33,059,735$265,169,515
94$347,244,172$58,991,999$34,044,691$291,253,268
95$382,536,672$61,756,201$35,058,782$319,956,888
96$421,425,025$64,651,867$36,102,864$351,545,812
97$464,275,883$67,685,314$37,177,815$386,312,467
98$511,493,291$70,863,163$38,284,541$424,579,025
99$563,522,506$74,192,357$39,423,971$466,700,429
100$620,854,192$77,680,173$40,597,065$513,067,733