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%13.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$998,819
2 years$519,185$509,516$500,145$491,059$482,246$468,270
3 years$342,685$332,974$323,627$314,626$305,956$292,335
4 years$254,453$244,771$235,517$226,670$218,211$205,050
5 years$201,527$191,904$182,771$174,105$165,880$153,217
6 years$166,255$156,704$147,706$139,233$131,255$119,106
7 years$141,070$131,600$122,745$114,471$106,746$95,114
8 years$122,190$112,805$104,097$96,027$88,556$77,440
9 years$107,513$98,217$89,659$81,794$74,577$63,972
10 years$95,779$86,574$78,167$70,507$63,543$53,441
11 years$86,184$77,071$68,817$61,362$54,649$45,041
12 years$78,195$69,175$61,073$53,823$47,358$38,232
13 years$71,439$62,514$54,565$47,517$41,297$32,641
14 years$65,654$56,824$49,027$42,181$36,201$28,002
15 years$60,645$51,909$44,264$37,618$31,874$24,118
16 years$56,266$47,626$40,132$33,683$28,170$20,843
17 years$52,406$43,862$36,519$30,264$24,978$18,063
18 years$48,979$40,530$33,337$27,274$22,209$15,692
19 years$45,916$37,563$30,518$24,644$19,795$13,661
20 years$43,163$34,905$28,008$22,320$17,682$11,914
21 years$40,676$32,513$25,762$20,257$15,823$10,405
22 years$38,417$30,350$23,744$18,418$14,183$9,100
23 years$36,358$28,385$21,923$16,774$12,732$7,968
24 years$34,474$26,595$20,275$15,299$11,443$6,983
25 years$32,743$24,958$18,779$13,972$10,297$6,126
26 years$31,147$23,457$17,417$12,775$9,276$5,378
27 years$29,672$22,076$16,173$11,693$8,363$4,724
28 years$28,306$20,802$15,035$10,713$7,546$4,152
29 years$27,035$19,624$13,991$9,824$6,814$3,651
30 years$25,852$18,533$13,032$9,016$6,157$3,212
31 years$24,747$17,520$12,150$8,281$5,566$2,827
32 years$23,713$16,577$11,336$7,610$5,035$2,489
33 years$22,744$15,699$10,584$6,998$4,557$2,192
34 years$21,834$14,879$9,889$6,439$4,126$1,931
35 years$20,977$14,112$9,246$5,927$3,737$1,701
36 years$20,171$13,395$8,649$5,459$3,386$1,499
37 years$19,409$12,722$8,095$5,030$3,068$1,322
38 years$18,689$12,090$7,581$4,636$2,782$1,165
39 years$18,008$11,497$7,103$4,275$2,523$1,027
40 years$17,363$10,938$6,657$3,943$2,288$906
41 years$16,751$10,412$6,242$3,638$2,076$799
42 years$16,169$9,916$5,856$3,357$1,884$705
43 years$15,616$9,448$5,495$3,099$1,710$622
44 years$15,089$9,006$5,158$2,861$1,552$548
45 years$14,588$8,588$4,843$2,643$1,409$484
46 years$14,109$8,193$4,549$2,441$1,279$427
47 years$13,653$7,818$4,273$2,255$1,161$376
48 years$13,216$7,464$4,016$2,084$1,055$332
49 years$12,799$7,127$3,775$1,926$958$293
50 years$12,400$6,808$3,549$1,780$870$259

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 $2,926 every year, while hoping to spend $38,224 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: 63/7/30 Blend
59$12,700,000$12,700,000$12,700,000$12,700,000
60$13,998,418$13,325,318$13,128,468$14,767,267
61$15,385,587$13,937,589$13,527,602$15,902,429
62$16,912,965$14,578,579$13,938,825$17,137,495
63$18,594,815$15,249,657$14,362,503$18,485,877
64$20,446,851$15,952,255$14,799,012$19,958,708
65$22,486,388$16,687,873$15,248,737$21,568,240
66$24,732,507$17,458,087$15,712,077$23,327,960
67$27,206,235$18,264,545$16,189,444$25,252,712
68$29,930,740$19,108,977$16,681,259$27,358,840
69$32,931,553$19,993,194$17,187,958$29,664,338
70$36,236,806$20,919,096$17,709,990$32,189,016
71$39,877,502$21,888,673$18,247,817$34,954,687
72$43,887,802$22,904,013$18,801,913$37,985,367
73$48,305,351$23,967,302$19,372,770$41,307,506
74$53,171,630$25,080,834$19,960,892$44,950,228
75$58,532,353$26,247,012$20,566,798$48,945,606
76$64,437,892$27,468,354$21,191,025$53,328,964
77$70,943,757$28,747,503$21,834,124$58,139,205
78$78,111,115$30,087,225$22,496,662$63,419,174
79$86,007,373$31,490,424$23,179,224$69,216,064
80$94,706,810$32,960,140$23,882,414$75,581,855
81$104,291,281$34,499,563$24,606,851$82,573,801
82$114,850,985$36,112,035$25,353,174$90,254,968
83$126,485,323$37,801,062$26,122,042$98,694,827
84$139,303,828$39,570,316$26,914,133$107,969,903
85$153,427,206$41,423,649$27,730,144$118,164,497
86$168,988,472$43,365,099$28,570,795$129,371,476
87$186,134,205$45,398,898$29,436,825$141,693,143
88$205,025,934$47,529,484$30,328,999$155,242,205
89$225,841,659$49,761,508$31,248,100$170,142,826
90$248,777,536$52,099,849$32,194,939$186,531,796
91$274,049,722$54,549,620$33,170,347$204,559,822
92$301,896,423$57,116,181$34,175,183$224,392,937
93$332,580,137$59,805,153$35,210,331$246,214,071
94$366,390,134$62,622,428$36,276,700$270,224,769
95$403,645,186$65,574,185$37,375,227$296,647,084
96$444,696,575$68,666,900$38,506,877$325,725,673
97$489,931,412$71,907,365$39,672,645$357,730,100
98$539,776,291$75,302,700$40,873,553$392,957,370
99$594,701,311$78,860,371$42,110,655$431,734,732
100$655,224,520$82,588,204$43,385,037$474,422,756