Can I retire at age 60 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,007,601
2 years$519,185$509,516$500,145$491,059$482,246$477,084
3 years$342,685$332,974$323,627$314,626$305,956$300,907
4 years$254,453$244,771$235,517$226,670$218,211$213,313
5 years$201,527$191,904$182,771$174,105$165,880$161,149
6 years$166,255$156,704$147,706$139,233$131,255$126,696
7 years$141,070$131,600$122,745$114,471$106,746$102,361
8 years$122,190$112,805$104,097$96,027$88,556$84,345
9 years$107,513$98,217$89,659$81,794$74,577$70,540
10 years$95,779$86,574$78,167$70,507$63,543$59,678
11 years$86,184$77,071$68,817$61,362$54,649$50,953
12 years$78,195$69,175$61,073$53,823$47,358$43,828
13 years$71,439$62,514$54,565$47,517$41,297$37,930
14 years$65,654$56,824$49,027$42,181$36,201$32,993
15 years$60,645$51,909$44,264$37,618$31,874$28,821
16 years$56,266$47,626$40,132$33,683$28,170$25,268
17 years$52,406$43,862$36,519$30,264$24,978$22,222
18 years$48,979$40,530$33,337$27,274$22,209$19,595
19 years$45,916$37,563$30,518$24,644$19,795$17,319
20 years$43,163$34,905$28,008$22,320$17,682$15,337
21 years$40,676$32,513$25,762$20,257$15,823$13,606
22 years$38,417$30,350$23,744$18,418$14,183$12,089
23 years$36,358$28,385$21,923$16,774$12,732$10,756
24 years$34,474$26,595$20,275$15,299$11,443$9,580
25 years$32,743$24,958$18,779$13,972$10,297$8,542
26 years$31,147$23,457$17,417$12,775$9,276$7,624
27 years$29,672$22,076$16,173$11,693$8,363$6,810
28 years$28,306$20,802$15,035$10,713$7,546$6,087
29 years$27,035$19,624$13,991$9,824$6,814$5,444
30 years$25,852$18,533$13,032$9,016$6,157$4,872
31 years$24,747$17,520$12,150$8,281$5,566$4,362
32 years$23,713$16,577$11,336$7,610$5,035$3,908
33 years$22,744$15,699$10,584$6,998$4,557$3,502
34 years$21,834$14,879$9,889$6,439$4,126$3,140
35 years$20,977$14,112$9,246$5,927$3,737$2,815
36 years$20,171$13,395$8,649$5,459$3,386$2,525
37 years$19,409$12,722$8,095$5,030$3,068$2,266
38 years$18,689$12,090$7,581$4,636$2,782$2,034
39 years$18,008$11,497$7,103$4,275$2,523$1,826
40 years$17,363$10,938$6,657$3,943$2,288$1,639
41 years$16,751$10,412$6,242$3,638$2,076$1,472
42 years$16,169$9,916$5,856$3,357$1,884$1,322
43 years$15,616$9,448$5,495$3,099$1,710$1,187
44 years$15,089$9,006$5,158$2,861$1,552$1,067
45 years$14,588$8,588$4,843$2,643$1,409$958
46 years$14,109$8,193$4,549$2,441$1,279$861
47 years$13,653$7,818$4,273$2,255$1,161$774
48 years$13,216$7,464$4,016$2,084$1,055$695
49 years$12,799$7,127$3,775$1,926$958$625
50 years$12,400$6,808$3,549$1,780$870$562

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,700,000, adding $3,205 every year, while hoping to spend $36,222 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: 37/48/15 Blend
59$12,700,000$12,700,000$12,700,000$12,700,000
60$13,998,706$13,325,606$13,128,756$14,452,608
61$15,388,034$13,940,021$13,530,029$15,393,444
62$16,917,860$14,583,328$13,943,531$16,405,316
63$18,602,475$15,256,905$14,369,634$17,497,500
64$20,457,630$15,962,195$14,808,718$18,677,204
65$22,500,678$16,700,712$15,261,180$19,952,325
66$24,750,742$17,474,043$15,727,425$21,331,525
67$27,228,896$18,283,849$16,207,872$22,824,296
68$29,958,358$19,131,873$16,702,951$24,441,050
69$32,964,718$20,019,941$17,213,107$26,193,211
70$36,276,170$20,949,970$17,738,797$28,093,309
71$39,923,786$21,923,965$18,280,493$30,155,096
72$43,941,803$22,944,030$18,838,680$32,393,668
73$48,367,950$24,012,370$19,413,859$34,825,597
74$53,243,803$25,131,298$20,006,546$37,469,078
75$58,615,176$26,303,237$20,617,270$40,344,094
76$64,532,555$27,530,727$21,246,579$43,472,594
77$71,051,573$28,816,430$21,895,038$46,878,692
78$78,233,538$30,163,139$22,563,225$50,588,879
79$86,146,006$31,573,780$23,251,740$54,632,267
80$94,863,424$33,051,420$23,961,199$59,040,854
81$104,467,830$34,599,277$24,692,236$63,849,805
82$115,049,628$36,220,721$25,445,505$69,097,782
83$126,708,441$37,919,287$26,221,681$74,827,289
84$139,554,051$39,698,682$27,021,456$81,085,064
85$153,707,436$41,562,789$27,845,547$87,922,499
86$169,301,911$43,515,682$28,694,689$95,396,118
87$186,484,385$45,561,630$29,569,641$103,568,091
88$205,416,754$47,705,111$30,471,185$112,506,802
89$226,277,419$49,950,818$31,400,126$122,287,483
90$249,262,979$52,303,671$32,357,293$132,992,900
91$274,590,082$54,768,830$33,343,542$144,714,121
92$302,497,471$57,351,703$34,359,751$157,551,350
93$333,248,239$60,057,962$35,406,828$171,614,858
94$367,132,309$62,893,553$36,485,708$187,025,995
95$404,469,177$65,864,709$37,597,351$203,918,323
96$445,610,920$68,977,967$38,742,749$222,438,841
97$490,945,527$72,240,180$39,922,924$242,749,358
98$540,900,556$75,658,534$41,138,927$265,027,988
99$595,947,173$79,240,563$42,391,842$289,470,805
100$656,604,600$82,994,166$43,682,784$316,293,668