Can I retire at age 60 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$995,492
2 years$515,097$505,504$496,207$487,192$478,448$469,129
3 years$339,987$330,352$321,079$312,149$303,547$294,447
4 years$252,449$242,844$233,663$224,886$216,493$207,682
5 years$199,940$190,393$181,332$172,734$164,574$156,079
6 years$164,946$155,470$146,543$138,137$130,222$122,052
7 years$139,959$130,563$121,778$113,570$105,905$98,065
8 years$121,228$111,917$103,277$95,271$87,859$80,348
9 years$106,667$97,444$88,953$81,150$73,990$66,805
10 years$95,025$85,892$77,551$69,952$63,043$56,181
11 years$85,506$76,465$68,275$60,879$54,219$47,674
12 years$77,579$68,630$60,592$53,399$46,985$40,751
13 years$70,877$62,022$54,135$47,143$40,972$35,042
14 years$65,137$56,376$48,641$41,849$35,916$30,281
15 years$60,167$51,501$43,916$37,322$31,623$26,276
16 years$55,823$47,251$39,816$33,417$27,949$22,881
17 years$51,993$43,516$36,231$30,025$24,781$19,984
18 years$48,593$40,211$33,074$27,059$22,034$17,498
19 years$45,555$37,267$30,278$24,450$19,640$15,355
20 years$42,823$34,630$27,788$22,144$17,542$13,499
21 years$40,355$32,257$25,559$20,097$15,698$11,888
22 years$38,115$30,111$23,557$18,273$14,071$10,484
23 years$36,072$28,162$21,751$16,642$12,631$9,257
24 years$34,202$26,386$20,116$15,178$11,353$8,182
25 years$32,485$24,762$18,631$13,862$10,216$7,240
26 years$30,902$23,272$17,279$12,674$9,202$6,411
27 years$29,439$21,902$16,045$11,601$8,297$5,681
28 years$28,083$20,638$14,916$10,629$7,486$5,038
29 years$26,822$19,470$13,881$9,747$6,760$4,470
30 years$25,648$18,387$12,930$8,945$6,108$3,968
31 years$24,552$17,382$12,054$8,216$5,522$3,524
32 years$23,526$16,447$11,246$7,550$4,995$3,131
33 years$22,565$15,575$10,501$6,943$4,521$2,783
34 years$21,662$14,762$9,811$6,388$4,093$2,474
35 years$20,812$14,001$9,173$5,881$3,707$2,200
36 years$20,012$13,289$8,581$5,416$3,359$1,957
37 years$19,256$12,622$8,032$4,990$3,044$1,741
38 years$18,542$11,995$7,521$4,600$2,760$1,549
39 years$17,867$11,406$7,047$4,241$2,503$1,379
40 years$17,226$10,852$6,605$3,912$2,270$1,228
41 years$16,619$10,330$6,193$3,609$2,060$1,093
42 years$16,042$9,838$5,810$3,331$1,869$973
43 years$15,493$9,374$5,451$3,075$1,696$867
44 years$14,971$8,935$5,117$2,839$1,540$772
45 years$14,473$8,520$4,805$2,622$1,398$687
46 years$13,998$8,128$4,513$2,422$1,269$612
47 years$13,545$7,757$4,240$2,237$1,152$545
48 years$13,112$7,405$3,984$2,068$1,046$486
49 years$12,698$7,071$3,745$1,911$950$433
50 years$12,302$6,755$3,521$1,766$863$386

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,600,000, adding $3,027 every year, while hoping to spend $28,274 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: 31/49/20 Blend
59$12,600,000$12,600,000$12,600,000$12,600,000
60$13,888,322$13,220,522$13,025,222$14,232,128
61$15,274,848$13,838,245$13,431,484$15,109,352
62$16,801,851$14,485,288$13,850,408$16,050,245
63$18,483,632$15,163,058$14,282,388$17,062,507
64$20,335,946$15,873,032$14,727,831$18,152,363
65$22,376,155$16,616,753$15,187,157$19,326,628
66$24,623,394$17,395,845$15,660,797$20,592,758
67$27,098,744$18,212,005$16,149,198$21,958,923
68$29,825,438$19,067,016$16,652,818$23,434,070
69$32,829,078$19,962,745$17,172,133$25,028,003
70$36,137,875$20,901,150$17,707,630$26,751,467
71$39,782,916$21,884,284$18,259,814$28,616,241
72$43,798,459$22,914,300$18,829,203$30,635,242
73$48,222,254$23,993,453$19,416,334$32,822,638
74$53,095,902$25,124,110$20,021,759$35,193,970
75$58,465,244$26,308,751$20,646,048$37,766,291
76$64,380,796$27,549,977$21,289,787$40,558,316
77$70,898,225$28,850,514$21,953,583$43,590,590
78$78,078,875$30,213,220$22,638,059$46,885,666
79$85,990,346$31,641,094$23,343,860$50,468,314
80$94,707,131$33,137,277$24,071,649$54,365,732
81$104,311,320$34,705,066$24,822,111$58,607,801
82$114,893,374$36,347,913$25,595,952$63,227,345
83$126,552,981$38,069,443$26,393,898$68,260,432
84$139,399,992$39,873,453$27,216,701$73,746,697
85$153,555,464$41,763,925$28,065,133$79,729,703
86$169,152,800$43,745,036$28,939,994$86,257,334
87$186,339,006$45,821,164$29,842,104$93,382,230
88$205,276,083$47,996,899$30,772,313$101,162,271
89$226,142,553$50,277,056$31,731,495$109,661,097
90$249,135,144$52,666,683$32,720,551$118,948,697
91$274,470,650$55,171,072$33,740,410$129,102,043
92$302,387,975$57,795,773$34,792,033$140,205,803
93$333,150,389$60,546,606$35,876,406$152,353,108
94$367,048,012$63,429,673$36,994,549$165,646,419
95$404,400,556$66,451,374$38,147,513$180,198,462
96$445,560,339$69,618,417$39,336,381$196,133,268
97$490,915,614$72,937,840$40,562,271$213,587,320
98$540,894,233$76,417,021$41,826,333$232,710,811
99$595,967,686$80,063,696$43,129,756$253,669,035
100$656,655,552$83,885,979$44,473,765$276,643,914