Can I retire at age 60 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,011,715
2 years$523,273$513,528$504,083$494,925$486,043$476,999
3 years$345,384$335,596$326,175$317,104$308,366$299,533
4 years$256,456$246,699$237,372$228,455$219,929$211,376
5 years$203,114$193,415$184,210$175,476$167,186$158,938
6 years$167,564$157,938$148,869$140,329$132,289$124,355
7 years$142,181$132,636$123,711$115,372$107,586$99,971
8 years$123,152$113,693$104,917$96,783$89,253$81,956
9 years$108,360$98,991$90,365$82,438$75,164$68,182
10 years$96,533$87,255$78,782$71,062$64,044$57,374
11 years$86,863$77,678$69,359$61,845$55,080$48,716
12 years$78,810$69,720$61,554$54,247$47,731$41,668
13 years$72,002$63,006$54,994$47,892$41,622$35,853
14 years$66,171$57,271$49,413$42,513$36,486$31,003
15 years$61,122$52,318$44,613$37,914$32,125$26,921
16 years$56,709$48,001$40,448$33,948$28,392$23,458
17 years$52,819$44,207$36,806$30,502$25,174$20,502
18 years$49,365$40,849$33,599$27,488$22,384$17,964
19 years$46,278$37,859$30,759$24,838$19,951$15,775
20 years$43,503$35,180$28,229$22,496$17,821$13,880
21 years$40,996$32,769$25,965$20,416$15,948$12,232
22 years$38,720$30,589$23,931$18,563$14,295$10,795
23 years$36,645$28,609$22,096$16,906$12,832$9,539
24 years$34,745$26,805$20,435$15,419$11,534$8,438
25 years$33,000$25,155$18,927$14,082$10,378$7,472
26 years$31,392$23,642$17,554$12,875$9,349$6,622
27 years$29,906$22,249$16,300$11,785$8,428$5,873
28 years$28,528$20,966$15,153$10,798$7,605$5,212
29 years$27,248$19,779$14,101$9,902$6,867$4,628
30 years$26,055$18,679$13,135$9,087$6,205$4,112
31 years$24,942$17,658$12,245$8,346$5,610$3,655
32 years$23,900$16,708$11,425$7,670$5,075$3,250
33 years$22,923$15,822$10,668$7,053$4,592$2,891
34 years$22,006$14,996$9,967$6,490$4,158$2,572
35 years$21,143$14,224$9,319$5,974$3,766$2,289
36 years$20,329$13,500$8,717$5,502$3,412$2,038
37 years$19,562$12,822$8,159$5,069$3,093$1,815
38 years$18,837$12,186$7,641$4,673$2,804$1,616
39 years$18,150$11,587$7,159$4,308$2,543$1,440
40 years$17,500$11,024$6,710$3,974$2,306$1,283
41 years$16,882$10,494$6,292$3,666$2,092$1,143
42 years$16,296$9,994$5,902$3,384$1,898$1,019
43 years$15,739$9,523$5,538$3,123$1,723$908
44 years$15,208$9,077$5,198$2,884$1,564$809
45 years$14,703$8,656$4,881$2,663$1,420$721
46 years$14,220$8,257$4,584$2,460$1,289$643
47 years$13,760$7,880$4,307$2,273$1,171$573
48 years$13,320$7,522$4,047$2,100$1,063$511
49 years$12,900$7,184$3,804$1,941$965$456
50 years$12,497$6,862$3,577$1,794$877$406

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,800,000, adding $2,709 every year, while hoping to spend $57,587 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: 40/37/23 Blend
59$12,800,000$12,800,000$12,800,000$12,800,000
60$14,108,394$13,429,994$13,231,594$14,576,594
61$15,486,178$14,026,792$13,613,581$15,510,625
62$17,002,566$14,650,903$14,006,433$16,514,797
63$18,671,635$15,303,604$14,410,456$17,600,026
64$20,508,895$15,986,234$14,825,959$18,773,744
65$22,531,438$16,700,194$15,253,264$20,044,103
66$24,758,094$17,446,954$15,692,699$21,420,055
67$27,209,616$18,228,051$16,144,600$22,911,422
68$29,908,869$19,045,097$16,609,316$24,528,993
69$32,881,047$19,899,780$17,087,201$26,284,613
70$36,153,913$20,793,869$17,578,622$28,191,293
71$39,758,061$21,729,217$18,083,955$30,263,328
72$43,727,199$22,707,765$18,603,583$32,516,422
73$48,098,475$23,731,547$19,137,905$34,967,833
74$52,912,821$24,802,694$19,687,326$37,636,527
75$58,215,342$25,923,439$20,252,265$40,543,354
76$64,055,740$27,096,121$20,833,149$43,711,233
77$70,488,785$28,323,191$21,430,419$47,165,361
78$77,574,831$29,607,217$22,044,528$50,933,447
79$85,380,384$30,950,890$22,675,940$55,045,962
80$93,978,730$32,357,031$23,325,130$59,536,419
81$103,450,628$33,828,593$23,992,590$64,441,679
82$113,885,071$35,368,673$24,678,820$69,802,292
83$125,380,125$36,980,514$25,384,337$75,662,868
84$138,043,855$38,667,518$26,109,671$82,072,487
85$151,995,348$40,433,245$26,855,364$89,085,154
86$167,365,830$42,281,431$27,621,976$96,760,297
87$184,299,910$44,215,987$28,410,077$105,163,313
88$202,956,944$46,241,013$29,220,258$114,366,179
89$223,512,536$48,360,806$30,053,120$124,448,112
90$246,160,199$50,579,870$30,909,284$135,496,308
91$271,113,179$52,902,923$31,789,384$147,606,749
92$298,606,469$55,334,912$32,694,075$160,885,094
93$328,899,026$57,881,021$33,624,024$175,447,665
94$362,276,218$60,546,682$34,579,920$191,422,522
95$399,052,512$63,337,589$35,562,467$208,950,662
96$439,574,448$66,259,710$36,572,389$228,187,327
97$484,223,907$69,319,301$37,610,429$249,303,455
98$533,421,715$72,522,917$38,677,349$272,487,273
99$587,631,620$75,877,429$39,773,929$297,946,054
100$647,364,663$79,390,041$40,900,974$325,908,052