Can I retire at age 60 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,007,465$998,491$989,735$981,190$972,845$934,615
2 years$498,745$489,456$480,454$471,726$463,260$425,212
3 years$329,194$319,865$310,886$302,239$293,911$257,243
4 years$244,435$235,135$226,245$217,746$209,620$174,610
5 years$193,593$184,348$175,575$167,250$159,350$126,088
6 years$159,709$150,534$141,891$133,751$126,088$94,596
7 years$135,516$126,419$117,912$109,964$102,543$72,810
8 years$117,379$108,364$99,999$92,246$85,069$57,066
9 years$103,281$94,350$86,129$78,573$71,641$45,324
10 years$92,008$83,165$75,089$67,731$61,042$36,361
11 years$82,791$74,037$66,107$58,946$52,498$29,397
12 years$75,116$66,452$58,669$51,704$45,493$23,911
13 years$68,627$60,053$52,416$45,647$39,671$19,541
14 years$63,069$54,586$47,096$40,520$34,776$16,032
15 years$58,257$49,866$42,522$36,137$30,619$13,193
16 years$54,051$45,751$38,552$32,357$27,061$10,885
17 years$50,343$42,135$35,081$29,072$23,994$8,998
18 years$47,051$38,934$32,024$26,200$21,335$7,451
19 years$44,109$36,084$29,317$23,674$19,016$6,178
20 years$41,464$33,531$26,906$21,441$16,986$5,129
21 years$39,074$31,233$24,748$19,459$15,200$4,262
22 years$36,905$29,155$22,809$17,693$13,625$3,544
23 years$34,927$27,268$21,060$16,113$12,230$2,949
24 years$33,116$25,548$19,477$14,696$10,993$2,455
25 years$31,453$23,976$18,040$13,421$9,892$2,045
26 years$29,921$22,533$16,731$12,272$8,910$1,704
27 years$28,504$21,206$15,536$11,233$8,033$1,420
28 years$27,191$19,983$14,443$10,292$7,249$1,184
29 years$25,971$18,851$13,440$9,438$6,545$987
30 years$24,834$17,803$12,519$8,661$5,914$823
31 years$23,772$16,830$11,671$7,955$5,347$687
32 years$22,779$15,925$10,889$7,311$4,837$573
33 years$21,848$15,081$10,167$6,723$4,377$478
34 years$20,974$14,293$9,500$6,186$3,963$399
35 years$20,152$13,557$8,882$5,694$3,590$333
36 years$19,376$12,867$8,309$5,244$3,252$278
37 years$18,645$12,221$7,777$4,832$2,948$232
38 years$17,954$11,614$7,283$4,454$2,672$193
39 years$17,299$11,044$6,823$4,106$2,423$161
40 years$16,679$10,508$6,395$3,788$2,198$135
41 years$16,091$10,002$5,997$3,495$1,994$112
42 years$15,532$9,526$5,625$3,225$1,809$94
43 years$15,001$9,076$5,278$2,977$1,642$78
44 years$14,495$8,651$4,955$2,749$1,491$65
45 years$14,013$8,250$4,652$2,539$1,353$55
46 years$13,554$7,870$4,370$2,345$1,229$46
47 years$13,115$7,511$4,105$2,166$1,116$38
48 years$12,696$7,170$3,858$2,002$1,013$32
49 years$12,295$6,847$3,626$1,850$920$26
50 years$11,911$6,540$3,409$1,710$836$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,200,000, adding $3,739 every year, while hoping to spend $20,363 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: 75/10/15 Blend
59$12,200,000$12,200,000$12,200,000$12,200,000
60$13,448,257$12,801,657$12,612,557$14,412,806
61$14,798,313$13,407,272$13,013,411$15,656,505
62$16,285,392$14,041,880$13,427,012$17,016,324
63$17,923,450$14,706,879$13,853,764$18,506,155
64$19,727,863$15,403,738$14,294,087$20,138,927
65$21,715,577$16,133,993$14,748,411$21,928,873
66$23,905,266$16,899,258$15,217,182$23,891,665
67$26,317,506$17,701,225$15,700,861$26,044,558
68$28,974,972$18,541,665$16,199,920$28,406,554
69$31,902,652$19,422,440$16,714,850$30,998,575
70$35,128,080$20,345,497$17,246,156$33,843,661
71$38,681,600$21,312,882$17,794,358$36,967,187
72$42,596,648$22,326,739$18,359,994$40,397,097
73$46,910,072$23,389,314$18,943,619$44,164,164
74$51,662,474$24,502,965$19,545,805$48,302,286
75$56,898,600$25,670,164$20,167,143$52,848,795
76$62,667,757$26,893,502$20,808,242$57,844,809
77$69,024,281$28,175,697$21,469,732$63,335,620
78$76,028,050$29,519,599$22,152,260$69,371,116
79$83,745,048$30,928,195$22,856,497$76,006,250
80$92,247,986$32,404,620$23,583,133$83,301,556
81$101,616,993$33,952,159$24,332,881$91,323,713
82$111,940,371$35,574,259$25,106,476$100,146,179
83$123,315,423$37,274,533$25,904,678$109,849,873
84$135,849,381$39,056,770$26,728,270$120,523,940
85$149,660,410$40,924,943$27,578,059$132,266,586
86$164,878,727$42,883,221$28,454,879$145,186,001
87$181,647,831$44,935,972$29,359,591$159,401,380
88$200,125,854$47,087,779$30,293,082$175,044,038
89$220,487,059$49,343,448$31,256,268$192,258,648
90$242,923,481$51,708,019$32,250,094$211,204,602
91$267,646,740$54,186,776$33,275,537$232,057,511
92$294,890,041$56,785,261$34,333,601$255,010,857
93$324,910,374$59,509,288$35,425,325$280,277,811
94$357,990,939$62,364,950$36,551,780$308,093,245
95$394,443,823$65,358,641$37,714,073$338,715,940
96$434,612,942$68,497,063$38,913,343$372,431,024
97$478,877,290$71,787,248$40,150,769$409,552,654
98$527,654,518$75,236,567$41,427,563$450,426,982
99$581,404,872$78,852,752$42,744,980$495,435,406
100$640,635,545$82,643,913$44,104,313$544,998,172