Can I retire at age 60 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$952,093
2 years$502,833$493,468$484,392$475,592$467,057$438,349
3 years$331,892$322,487$313,434$304,717$296,320$268,529
4 years$246,438$237,062$228,100$219,531$211,338$184,678
5 years$195,180$185,859$177,015$168,621$160,656$135,199
6 years$161,018$151,768$143,054$134,848$127,121$102,891
7 years$136,627$127,455$118,879$110,866$103,384$80,379
8 years$118,342$109,252$100,818$93,002$85,767$63,975
9 years$104,127$95,124$86,835$79,217$72,228$51,626
10 years$92,762$83,847$75,705$68,286$61,542$42,102
11 years$83,470$74,644$66,649$59,429$52,928$34,617
12 years$75,732$66,996$59,149$52,128$45,866$28,648
13 years$69,189$60,545$52,846$46,021$39,996$23,832
14 years$63,586$55,034$47,482$40,852$35,061$19,909
15 years$58,735$50,274$42,870$36,433$30,870$16,689
16 years$54,494$46,126$38,868$32,622$27,283$14,030
17 years$50,755$42,480$35,369$29,310$24,191$11,823
18 years$47,436$39,254$32,287$26,415$21,510$9,982
19 years$44,470$36,380$29,557$23,868$19,172$8,441
20 years$41,804$33,806$27,126$21,617$17,125$7,148
21 years$39,395$31,489$24,951$19,619$15,325$6,061
22 years$37,207$29,394$22,996$17,838$13,736$5,143
23 years$35,213$27,491$21,233$16,245$12,331$4,368
24 years$33,388$25,758$19,637$14,817$11,083$3,713
25 years$31,711$24,172$18,187$13,531$9,973$3,157
26 years$30,166$22,718$16,868$12,372$8,983$2,686
27 years$28,738$21,380$15,663$11,325$8,099$2,287
28 years$27,414$20,147$14,561$10,376$7,308$1,947
29 years$26,184$19,006$13,550$9,515$6,599$1,658
30 years$25,037$17,949$12,622$8,732$5,963$1,413
31 years$23,967$16,968$11,767$8,020$5,391$1,204
32 years$22,966$16,055$10,979$7,371$4,876$1,026
33 years$22,027$15,204$10,251$6,778$4,413$875
34 years$21,146$14,410$9,578$6,236$3,996$746
35 years$20,317$13,668$8,955$5,741$3,619$636
36 years$19,535$12,973$8,377$5,287$3,279$542
37 years$18,798$12,321$7,841$4,871$2,972$462
38 years$18,101$11,710$7,342$4,490$2,694$394
39 years$17,441$11,135$6,879$4,140$2,443$336
40 years$16,816$10,594$6,448$3,819$2,216$287
41 years$16,223$10,084$6,046$3,523$2,010$245
42 years$15,660$9,604$5,671$3,251$1,824$209
43 years$15,124$9,151$5,322$3,001$1,656$178
44 years$14,614$8,722$4,995$2,771$1,503$152
45 years$14,128$8,318$4,690$2,559$1,364$130
46 years$13,665$7,935$4,405$2,364$1,239$111
47 years$13,223$7,572$4,139$2,184$1,125$94
48 years$12,800$7,229$3,889$2,018$1,022$81
49 years$12,396$6,903$3,656$1,865$928$69
50 years$12,009$6,594$3,437$1,724$843$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,300,000, adding $5,424 every year, while hoping to spend $39,371 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: 47/39/14 Blend
59$12,300,000$12,300,000$12,300,000$12,300,000
60$13,560,195$12,908,295$12,717,645$14,143,994
61$14,901,444$13,498,911$13,101,796$15,139,297
62$16,378,182$14,117,148$13,497,496$16,214,434
63$18,004,185$14,764,317$13,905,091$17,380,442
64$19,794,637$15,441,793$14,324,936$18,645,799
65$21,766,266$16,151,018$14,757,398$20,019,813
66$23,937,509$16,893,500$15,202,854$21,512,703
67$26,328,676$17,670,824$15,661,691$23,135,695
68$28,962,154$18,484,647$16,134,311$24,901,119
69$31,862,607$19,336,707$16,621,123$26,822,521
70$35,057,214$20,228,828$17,122,553$28,914,784
71$38,575,928$21,162,918$17,639,036$31,194,267
72$42,451,751$22,140,979$18,171,021$33,678,948
73$46,721,051$23,165,109$18,718,973$36,388,588
74$51,423,906$24,237,507$19,283,366$39,344,912
75$56,604,477$25,360,478$19,864,692$42,571,809
76$62,311,430$26,536,437$20,463,454$46,095,546
77$68,598,390$27,767,917$21,080,175$49,945,009
78$75,524,453$29,057,572$21,715,388$54,151,970
79$83,154,739$30,408,185$22,369,645$58,751,374
80$91,561,008$31,822,671$23,043,514$63,781,665
81$100,822,337$33,304,089$23,737,578$69,285,135
82$111,025,869$34,855,643$24,452,440$75,308,318
83$122,267,630$36,480,691$25,188,719$81,902,413
84$134,653,440$38,182,757$25,947,053$89,123,762
85$148,299,909$39,965,531$26,728,098$97,034,368
86$163,335,541$41,832,883$27,532,530$105,702,468
87$179,901,942$43,788,870$28,361,045$115,203,167
88$198,155,160$45,837,745$29,214,361$125,619,132
89$218,267,158$47,983,966$30,093,214$137,041,361
90$240,427,436$50,232,207$30,998,363$149,570,025
91$264,844,817$52,587,369$31,930,592$163,315,401
92$291,749,427$55,054,588$32,890,705$178,398,896
93$321,394,855$57,639,249$33,879,530$194,954,181
94$354,060,556$60,346,999$34,897,921$213,128,428
95$390,054,488$63,183,756$35,946,755$233,083,690
96$429,716,012$66,155,727$37,026,939$254,998,407
97$473,419,105$69,269,417$38,139,401$279,069,071
98$521,575,883$72,531,649$39,285,100$305,512,064
99$574,640,496$75,949,572$40,465,024$334,565,678
100$633,113,411$79,530,685$41,680,186$366,492,338