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%16.9%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$976,494
2 years$515,097$505,504$496,207$487,192$478,448$450,205
3 years$339,987$330,352$321,079$312,149$303,547$276,192
4 years$252,449$242,844$233,663$224,886$216,493$190,236
5 years$199,940$190,393$181,332$172,734$164,574$139,488
6 years$164,946$155,470$146,543$138,137$130,222$106,330
7 years$139,959$130,563$121,778$113,570$105,905$83,207
8 years$121,228$111,917$103,277$95,271$87,859$66,342
9 years$106,667$97,444$88,953$81,150$73,990$53,634
10 years$95,025$85,892$77,551$69,952$63,043$43,822
11 years$85,506$76,465$68,275$60,879$54,219$36,100
12 years$77,579$68,630$60,592$53,399$46,985$29,935
13 years$70,877$62,022$54,135$47,143$40,972$24,953
14 years$65,137$56,376$48,641$41,849$35,916$20,889
15 years$60,167$51,501$43,916$37,322$31,623$17,548
16 years$55,823$47,251$39,816$33,417$27,949$14,784
17 years$51,993$43,516$36,231$30,025$24,781$12,485
18 years$48,593$40,211$33,074$27,059$22,034$10,564
19 years$45,555$37,267$30,278$24,450$19,640$8,954
20 years$42,823$34,630$27,788$22,144$17,542$7,600
21 years$40,355$32,257$25,559$20,097$15,698$6,458
22 years$38,115$30,111$23,557$18,273$14,071$5,494
23 years$36,072$28,162$21,751$16,642$12,631$4,677
24 years$34,202$26,386$20,116$15,178$11,353$3,984
25 years$32,485$24,762$18,631$13,862$10,216$3,397
26 years$30,902$23,272$17,279$12,674$9,202$2,897
27 years$29,439$21,902$16,045$11,601$8,297$2,472
28 years$28,083$20,638$14,916$10,629$7,486$2,110
29 years$26,822$19,470$13,881$9,747$6,760$1,802
30 years$25,648$18,387$12,930$8,945$6,108$1,539
31 years$24,552$17,382$12,054$8,216$5,522$1,314
32 years$23,526$16,447$11,246$7,550$4,995$1,123
33 years$22,565$15,575$10,501$6,943$4,521$960
34 years$21,662$14,762$9,811$6,388$4,093$820
35 years$20,812$14,001$9,173$5,881$3,707$701
36 years$20,012$13,289$8,581$5,416$3,359$600
37 years$19,256$12,622$8,032$4,990$3,044$513
38 years$18,542$11,995$7,521$4,600$2,760$438
39 years$17,867$11,406$7,047$4,241$2,503$375
40 years$17,226$10,852$6,605$3,912$2,270$320
41 years$16,619$10,330$6,193$3,609$2,060$274
42 years$16,042$9,838$5,810$3,331$1,869$234
43 years$15,493$9,374$5,451$3,075$1,696$200
44 years$14,971$8,935$5,117$2,839$1,540$171
45 years$14,473$8,520$4,805$2,622$1,398$147
46 years$13,998$8,128$4,513$2,422$1,269$125
47 years$13,545$7,757$4,240$2,237$1,152$107
48 years$13,112$7,405$3,984$2,068$1,046$92
49 years$12,698$7,071$3,745$1,911$950$78
50 years$12,302$6,755$3,521$1,766$863$67

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 $3,947 every year, while hoping to spend $31,292 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: 64/16/20 Blend
59$12,600,000$12,600,000$12,600,000$12,600,000
60$13,889,271$13,221,471$13,026,171$14,707,102
61$15,272,683$13,836,029$13,429,254$15,872,241
62$16,796,153$14,479,651$13,844,790$17,140,715
63$18,473,936$15,153,729$14,273,166$18,525,790
64$20,321,736$15,859,721$14,714,776$20,038,870
65$22,356,861$16,599,155$15,170,029$21,692,503
66$24,598,382$17,373,635$15,639,346$23,500,494
67$27,067,313$18,184,839$16,123,160$25,478,036
68$29,786,811$19,034,529$16,621,918$27,641,850
69$32,782,396$19,924,550$17,136,082$30,010,339
70$36,082,186$20,856,839$17,666,127$32,603,757
71$39,717,168$21,833,423$18,212,541$35,444,402
72$43,721,488$22,856,430$18,775,830$38,556,816
73$48,132,774$23,928,089$19,356,514$41,968,020
74$52,992,489$25,050,737$19,955,130$45,707,761
75$58,346,325$26,226,826$20,572,229$49,808,789
76$64,244,634$27,458,924$21,208,383$54,307,166
77$70,742,900$28,749,725$21,864,177$59,242,597
78$77,902,267$30,102,052$22,540,218$64,658,805
79$85,790,112$31,518,867$23,237,129$70,603,936
80$94,480,685$33,003,273$23,955,554$77,131,011
81$104,055,806$34,558,524$24,696,156$84,298,418
82$114,605,638$36,188,032$25,459,618$92,170,464
83$126,229,542$37,895,374$26,246,644$100,817,970
84$139,037,009$39,684,301$27,057,960$110,318,939
85$153,148,698$41,558,746$27,894,316$120,759,283
86$168,697,571$43,522,830$28,756,481$132,233,630
87$185,830,152$45,580,878$29,645,252$144,846,210
88$204,707,907$47,737,420$30,561,448$158,711,833
89$225,508,771$49,997,211$31,505,913$173,956,963
90$248,428,823$52,365,231$32,479,518$190,720,910
91$273,684,142$54,846,707$33,483,162$209,157,131
92$301,512,844$57,447,116$34,517,768$229,434,676
93$332,177,331$60,172,202$35,584,290$251,739,773
94$365,966,767$63,027,987$36,683,711$276,277,577
95$403,199,806$66,020,788$37,817,045$303,274,100
96$444,227,605$69,157,225$38,985,334$332,978,331
97$489,437,134$72,444,242$40,189,656$365,664,582
98$539,254,832$75,889,120$41,431,120$401,635,063
99$594,150,631$79,499,493$42,710,869$441,222,725
100$654,642,393$83,283,366$44,030,081$484,794,393