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%15.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$989,439
2 years$519,185$509,516$500,145$491,059$482,246$458,924
3 years$342,685$332,974$323,627$314,626$305,956$283,317
4 years$254,453$244,771$235,517$226,670$218,211$196,429
5 years$201,527$191,904$182,771$174,105$165,880$145,017
6 years$166,255$156,704$147,706$139,233$131,255$111,332
7 years$141,070$131,600$122,745$114,471$106,746$87,765
8 years$122,190$112,805$104,097$96,027$88,556$70,511
9 years$107,513$98,217$89,659$81,794$74,577$57,454
10 years$95,779$86,574$78,167$70,507$63,543$47,323
11 years$86,184$77,071$68,817$61,362$54,649$39,311
12 years$78,195$69,175$61,073$53,823$47,358$32,876
13 years$71,439$62,514$54,565$47,517$41,297$27,645
14 years$65,654$56,824$49,027$42,181$36,201$23,350
15 years$60,645$51,909$44,264$37,618$31,874$19,795
16 years$56,266$47,626$40,132$33,683$28,170$16,832
17 years$52,406$43,862$36,519$30,264$24,978$14,350
18 years$48,979$40,530$33,337$27,274$22,209$12,259
19 years$45,916$37,563$30,518$24,644$19,795$10,492
20 years$43,163$34,905$28,008$22,320$17,682$8,994
21 years$40,676$32,513$25,762$20,257$15,823$7,720
22 years$38,417$30,350$23,744$18,418$14,183$6,633
23 years$36,358$28,385$21,923$16,774$12,732$5,705
24 years$34,474$26,595$20,275$15,299$11,443$4,911
25 years$32,743$24,958$18,779$13,972$10,297$4,230
26 years$31,147$23,457$17,417$12,775$9,276$3,645
27 years$29,672$22,076$16,173$11,693$8,363$3,143
28 years$28,306$20,802$15,035$10,713$7,546$2,712
29 years$27,035$19,624$13,991$9,824$6,814$2,340
30 years$25,852$18,533$13,032$9,016$6,157$2,020
31 years$24,747$17,520$12,150$8,281$5,566$1,745
32 years$23,713$16,577$11,336$7,610$5,035$1,507
33 years$22,744$15,699$10,584$6,998$4,557$1,302
34 years$21,834$14,879$9,889$6,439$4,126$1,125
35 years$20,977$14,112$9,246$5,927$3,737$972
36 years$20,171$13,395$8,649$5,459$3,386$840
37 years$19,409$12,722$8,095$5,030$3,068$726
38 years$18,689$12,090$7,581$4,636$2,782$628
39 years$18,008$11,497$7,103$4,275$2,523$543
40 years$17,363$10,938$6,657$3,943$2,288$469
41 years$16,751$10,412$6,242$3,638$2,076$406
42 years$16,169$9,916$5,856$3,357$1,884$351
43 years$15,616$9,448$5,495$3,099$1,710$304
44 years$15,089$9,006$5,158$2,861$1,552$262
45 years$14,588$8,588$4,843$2,643$1,409$227
46 years$14,109$8,193$4,549$2,441$1,279$196
47 years$13,653$7,818$4,273$2,255$1,161$170
48 years$13,216$7,464$4,016$2,084$1,055$147
49 years$12,799$7,127$3,775$1,926$958$127
50 years$12,400$6,808$3,549$1,780$870$110

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 $6,759 every year, while hoping to spend $59,900 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: 54/35/11 Blend
59$12,700,000$12,700,000$12,700,000$12,700,000
60$14,002,372$13,329,272$13,132,422$14,718,804
61$15,366,881$13,918,673$13,508,625$15,795,331
62$16,868,562$14,534,947$13,895,423$16,959,342
63$18,521,344$15,179,348$14,293,108$18,224,839
64$20,340,573$15,853,189$14,701,980$19,601,471
65$22,343,160$16,557,844$15,122,345$21,099,841
66$24,547,739$17,294,755$15,554,520$22,731,603
67$26,974,840$18,065,429$15,998,828$24,509,565
68$29,647,088$18,871,449$16,455,603$26,447,808
69$32,589,410$19,714,470$16,925,185$28,561,814
70$35,829,276$20,596,225$17,407,925$30,868,606
71$39,396,955$21,518,532$17,904,183$33,386,904
72$43,325,799$22,483,295$18,414,328$36,137,297
73$47,652,562$23,492,508$18,938,739$39,142,431
74$52,417,741$24,548,259$19,477,805$42,427,218
75$57,665,965$25,652,737$20,031,925$46,019,063
76$63,446,408$26,808,236$20,601,509$49,948,119
77$69,813,259$28,017,157$21,186,977$54,247,562
78$76,826,232$29,282,018$21,788,761$58,953,900
79$84,551,126$30,605,456$22,407,304$64,107,307
80$93,060,451$31,990,234$23,043,059$69,752,000
81$102,434,109$33,439,247$23,696,493$75,936,641
82$112,760,146$34,955,528$24,368,083$82,714,796
83$124,135,589$36,542,257$25,058,322$90,145,424
84$136,667,355$38,202,763$25,767,712$98,293,430
85$150,473,264$39,940,538$26,496,769$107,230,268
86$165,683,150$41,759,237$27,246,023$117,034,602
87$182,440,084$43,662,693$28,016,019$127,793,041
88$200,901,730$45,654,922$28,807,312$139,600,943
89$221,241,825$47,740,132$29,620,476$152,563,309
90$243,651,826$49,922,733$30,456,097$166,795,755
91$268,342,712$52,207,346$31,314,776$182,425,597
92$295,546,978$54,598,816$32,197,130$199,593,036
93$325,520,828$57,102,216$33,103,792$218,452,471
94$358,546,595$59,722,867$34,035,412$239,173,938
95$394,935,404$62,466,343$34,992,653$261,944,706
96$435,030,107$65,338,487$35,976,200$286,971,022
97$479,208,527$68,345,421$36,986,751$314,480,047
98$527,887,014$71,493,564$38,025,025$344,721,983
99$581,524,382$74,789,641$39,091,755$377,972,414
100$640,626,237$78,240,702$40,187,698$414,534,891