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

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$991,863
2 years$519,185$509,516$500,145$491,059$482,246$461,332
3 years$342,685$332,974$323,627$314,626$305,956$285,634
4 years$254,453$244,771$235,517$226,670$218,211$198,636
5 years$201,527$191,904$182,771$174,105$165,880$147,109
6 years$166,255$156,704$147,706$139,233$131,255$113,307
7 years$141,070$131,600$122,745$114,471$106,746$89,625
8 years$122,190$112,805$104,097$96,027$88,556$72,257
9 years$107,513$98,217$89,659$81,794$74,577$59,089
10 years$95,779$86,574$78,167$70,507$63,543$48,851
11 years$86,184$77,071$68,817$61,362$54,649$40,735
12 years$78,195$69,175$61,073$53,823$47,358$34,200
13 years$71,439$62,514$54,565$47,517$41,297$28,874
14 years$65,654$56,824$49,027$42,181$36,201$24,488
15 years$60,645$51,909$44,264$37,618$31,874$20,846
16 years$56,266$47,626$40,132$33,683$28,170$17,802
17 years$52,406$43,862$36,519$30,264$24,978$15,242
18 years$48,979$40,530$33,337$27,274$22,209$13,079
19 years$45,916$37,563$30,518$24,644$19,795$11,244
20 years$43,163$34,905$28,008$22,320$17,682$9,682
21 years$40,676$32,513$25,762$20,257$15,823$8,348
22 years$38,417$30,350$23,744$18,418$14,183$7,207
23 years$36,358$28,385$21,923$16,774$12,732$6,227
24 years$34,474$26,595$20,275$15,299$11,443$5,386
25 years$32,743$24,958$18,779$13,972$10,297$4,661
26 years$31,147$23,457$17,417$12,775$9,276$4,037
27 years$29,672$22,076$16,173$11,693$8,363$3,498
28 years$28,306$20,802$15,035$10,713$7,546$3,032
29 years$27,035$19,624$13,991$9,824$6,814$2,630
30 years$25,852$18,533$13,032$9,016$6,157$2,281
31 years$24,747$17,520$12,150$8,281$5,566$1,980
32 years$23,713$16,577$11,336$7,610$5,035$1,719
33 years$22,744$15,699$10,584$6,998$4,557$1,492
34 years$21,834$14,879$9,889$6,439$4,126$1,296
35 years$20,977$14,112$9,246$5,927$3,737$1,126
36 years$20,171$13,395$8,649$5,459$3,386$978
37 years$19,409$12,722$8,095$5,030$3,068$850
38 years$18,689$12,090$7,581$4,636$2,782$738
39 years$18,008$11,497$7,103$4,275$2,523$641
40 years$17,363$10,938$6,657$3,943$2,288$558
41 years$16,751$10,412$6,242$3,638$2,076$485
42 years$16,169$9,916$5,856$3,357$1,884$421
43 years$15,616$9,448$5,495$3,099$1,710$366
44 years$15,089$9,006$5,158$2,861$1,552$318
45 years$14,588$8,588$4,843$2,643$1,409$277
46 years$14,109$8,193$4,549$2,441$1,279$241
47 years$13,653$7,818$4,273$2,255$1,161$209
48 years$13,216$7,464$4,016$2,084$1,055$182
49 years$12,799$7,127$3,775$1,926$958$158
50 years$12,400$6,808$3,549$1,780$870$137

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 $4,095 every year, while hoping to spend $45,982 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: 42/30/28 Blend
59$12,700,000$12,700,000$12,700,000$12,700,000
60$13,999,624$13,326,524$13,129,674$14,472,625
61$15,378,661$13,930,599$13,520,594$15,417,682
62$16,896,819$14,562,733$13,923,068$16,435,850
63$18,568,239$15,224,252$14,337,435$17,537,646
64$20,408,505$15,916,545$14,764,044$18,730,821
65$22,434,786$16,641,069$15,203,253$20,023,885
66$24,666,003$17,399,350$15,655,431$21,426,180
67$27,123,004$18,192,988$16,120,958$22,947,971
68$29,828,764$19,023,657$16,600,223$24,600,530
69$32,808,596$19,893,115$17,093,628$26,396,244
70$36,090,396$20,803,200$17,601,588$28,348,722
71$39,704,902$21,755,843$18,124,527$30,472,921
72$43,685,986$22,753,063$18,662,883$32,785,281
73$48,070,973$23,796,980$19,217,106$35,303,875
74$52,900,993$24,889,813$19,787,659$38,048,572
75$58,221,368$26,033,888$20,375,020$41,041,220
76$64,082,043$27,231,643$20,979,679$44,305,844
77$70,538,052$28,485,635$21,602,139$47,868,866
78$77,650,043$29,798,541$22,242,920$51,759,350
79$85,484,847$31,173,168$22,902,557$56,009,266
80$94,116,106$32,612,459$23,581,598$60,653,784
81$103,624,977$34,119,497$24,280,609$65,731,600
82$114,100,886$35,697,514$25,000,171$71,285,291
83$125,642,382$37,349,897$25,740,882$77,361,707
84$138,358,062$39,080,199$26,503,359$84,012,407
85$152,367,596$40,892,141$27,288,233$91,294,136
86$167,802,858$42,789,623$28,096,156$99,269,344
87$184,809,171$44,776,736$28,927,799$108,006,775
88$203,546,676$46,857,765$29,783,850$117,582,097
89$224,191,846$49,037,205$30,665,018$128,078,607
90$246,939,151$51,319,765$31,572,032$139,588,009
91$272,002,892$53,710,381$32,505,643$152,211,260
92$299,619,228$56,214,230$33,466,623$166,059,516
93$330,048,399$58,836,737$34,455,764$181,255,164
94$363,577,187$61,583,590$35,473,885$197,932,965
95$400,521,624$64,460,749$36,521,823$216,241,309
96$441,229,969$67,474,465$37,600,444$236,343,604
97$486,086,003$70,631,291$38,710,635$258,419,796
98$535,512,645$73,938,094$39,853,311$282,668,056
99$589,975,949$77,402,075$41,029,412$309,306,632
100$649,989,503$81,030,783$42,239,904$338,575,887