Can I retire at age 60 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$972,276
2 years$511,009$501,492$492,268$483,326$474,651$450,128
3 years$337,289$327,731$318,530$309,671$301,138$277,349
4 years$250,446$240,917$231,808$223,101$214,774$191,903
5 years$198,353$188,882$179,893$171,363$163,268$141,378
6 years$163,636$154,236$145,380$137,040$129,188$108,302
7 years$138,848$129,527$120,812$112,668$105,065$85,184
8 years$120,266$111,029$102,458$94,515$87,161$68,277
9 years$105,820$96,670$88,247$80,506$73,402$55,500
10 years$94,271$85,210$76,936$69,397$62,543$45,601
11 years$84,827$75,858$67,733$60,396$53,789$37,783
12 years$76,963$68,086$60,111$52,975$46,612$31,516
13 years$70,314$61,530$53,705$46,769$40,647$26,430
14 years$64,620$55,929$48,255$41,516$35,631$22,263
15 years$59,690$51,092$43,567$37,025$31,372$18,821
16 years$55,380$46,876$39,500$33,152$27,727$15,959
17 years$51,581$43,171$35,944$29,787$24,584$13,565
18 years$48,208$39,892$32,812$26,844$21,859$11,555
19 years$45,193$36,971$30,038$24,256$19,484$9,860
20 years$42,484$34,356$27,567$21,968$17,403$8,427
21 years$40,035$32,001$25,356$19,938$15,574$7,211
22 years$37,812$29,872$23,370$18,128$13,960$6,177
23 years$35,786$27,938$21,578$16,509$12,531$5,296
24 years$33,931$26,176$19,956$15,058$11,263$4,544
25 years$32,227$24,565$18,483$13,752$10,135$3,901
26 years$30,657$23,087$17,142$12,574$9,129$3,352
27 years$29,205$21,728$15,918$11,509$8,231$2,881
28 years$27,860$20,474$14,798$10,545$7,427$2,477
29 years$26,609$19,315$13,771$9,670$6,706$2,131
30 years$25,445$18,241$12,827$8,874$6,060$1,833
31 years$24,357$17,244$11,958$8,150$5,478$1,578
32 years$23,340$16,316$11,157$7,490$4,956$1,358
33 years$22,386$15,452$10,418$6,888$4,485$1,170
34 years$21,490$14,645$9,734$6,338$4,061$1,007
35 years$20,647$13,890$9,100$5,834$3,678$868
36 years$19,853$13,184$8,513$5,373$3,332$747
37 years$19,103$12,522$7,968$4,951$3,020$644
38 years$18,395$11,900$7,462$4,563$2,738$555
39 years$17,725$11,316$6,991$4,207$2,483$478
40 years$17,089$10,766$6,552$3,881$2,252$412
41 years$16,487$10,248$6,144$3,580$2,043$355
42 years$15,914$9,760$5,763$3,304$1,854$306
43 years$15,370$9,299$5,408$3,050$1,683$264
44 years$14,852$8,864$5,077$2,816$1,527$227
45 years$14,358$8,453$4,767$2,601$1,387$196
46 years$13,887$8,064$4,477$2,403$1,259$169
47 years$13,438$7,695$4,206$2,220$1,143$145
48 years$13,008$7,346$3,953$2,051$1,038$125
49 years$12,597$7,015$3,715$1,896$943$108
50 years$12,204$6,701$3,493$1,752$856$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,500,000, adding $5,882 every year, while hoping to spend $21,626 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: 61/29/10 Blend
59$12,500,000$12,500,000$12,500,000$12,500,000
60$13,781,067$13,118,567$12,924,817$14,590,004
61$15,163,726$13,738,367$13,334,789$15,752,695
62$16,686,692$14,387,812$13,757,769$17,017,803
63$18,364,252$15,068,333$14,194,172$18,397,676
64$20,212,152$15,781,428$14,644,424$19,903,397
65$22,247,742$16,528,669$15,108,963$21,547,153
66$24,490,143$17,311,704$15,588,243$23,342,346
67$26,960,421$18,132,261$16,082,734$25,303,711
68$29,681,795$18,992,153$16,592,916$27,447,458
69$32,679,849$19,893,279$17,119,289$29,791,413
70$35,982,775$20,837,631$17,662,367$32,355,189
71$39,621,641$21,827,298$18,222,680$35,160,359
72$43,630,683$22,864,471$18,800,774$38,230,661
73$48,047,628$23,951,446$19,397,216$41,592,212
74$52,914,050$25,090,630$20,012,586$45,273,752
75$58,275,763$26,284,550$20,647,487$49,306,908
76$64,183,251$27,535,853$21,302,538$53,726,487
77$70,692,148$28,847,316$21,978,379$58,570,799
78$77,863,763$30,221,850$22,675,670$63,882,009
79$85,765,654$31,662,508$23,395,093$69,706,531
80$94,472,272$33,172,492$24,137,349$76,095,459
81$104,065,658$34,755,159$24,903,165$83,105,039
82$114,636,221$36,414,028$25,693,287$90,797,194
83$126,283,592$38,152,791$26,508,489$99,240,101
84$139,117,561$39,975,321$27,349,565$108,508,823
85$153,259,115$41,885,674$28,217,339$118,686,010
86$168,841,582$43,888,110$29,112,657$129,862,669
87$186,011,887$45,987,091$30,036,395$142,139,017
88$204,931,940$48,187,298$30,989,454$155,625,408
89$225,780,163$50,493,641$31,972,766$170,443,372
90$248,753,178$52,911,268$32,987,292$186,726,748
91$274,067,659$55,445,577$34,034,023$204,622,932
92$301,962,379$58,102,229$35,113,982$224,294,261
93$332,700,465$60,887,161$36,228,223$245,919,529
94$366,571,880$63,806,600$37,377,836$269,695,663
95$403,896,162$66,867,074$38,563,944$295,839,564
96$445,025,441$70,075,431$39,787,707$324,590,144
97$490,347,760$73,438,851$41,050,319$356,210,561
98$540,290,742$76,964,865$42,353,015$390,990,691
99$595,325,625$80,661,370$43,697,068$429,249,844
100$655,971,710$84,536,649$45,083,791$471,339,760