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%18.3%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$986,438
2 years$523,273$513,528$504,083$494,925$486,043$451,873
3 years$345,384$335,596$326,175$317,104$308,366$275,350
4 years$256,456$246,699$237,372$228,455$219,929$188,320
5 years$203,114$193,415$184,210$175,476$167,186$137,069
6 years$167,564$157,938$148,869$140,329$132,289$103,687
7 years$142,181$132,636$123,711$115,372$107,586$80,495
8 years$123,152$113,693$104,917$96,783$89,253$63,653
9 years$108,360$98,991$90,365$82,438$75,164$51,023
10 years$96,533$87,255$78,782$71,062$64,044$41,323
11 years$86,863$77,678$69,359$61,845$55,080$33,736
12 years$78,810$69,720$61,554$54,247$47,731$27,716
13 years$72,002$63,006$54,994$47,892$41,622$22,885
14 years$66,171$57,271$49,413$42,513$36,486$18,973
15 years$61,122$52,318$44,613$37,914$32,125$15,782
16 years$56,709$48,001$40,448$33,948$28,392$13,162
17 years$52,819$44,207$36,806$30,502$25,174$11,002
18 years$49,365$40,849$33,599$27,488$22,384$9,213
19 years$46,278$37,859$30,759$24,838$19,951$7,727
20 years$43,503$35,180$28,229$22,496$17,821$6,489
21 years$40,996$32,769$25,965$20,416$15,948$5,455
22 years$38,720$30,589$23,931$18,563$14,295$4,589
23 years$36,645$28,609$22,096$16,906$12,832$3,864
24 years$34,745$26,805$20,435$15,419$11,534$3,256
25 years$33,000$25,155$18,927$14,082$10,378$2,744
26 years$31,392$23,642$17,554$12,875$9,349$2,314
27 years$29,906$22,249$16,300$11,785$8,428$1,953
28 years$28,528$20,966$15,153$10,798$7,605$1,648
29 years$27,248$19,779$14,101$9,902$6,867$1,391
30 years$26,055$18,679$13,135$9,087$6,205$1,174
31 years$24,942$17,658$12,245$8,346$5,610$992
32 years$23,900$16,708$11,425$7,670$5,075$838
33 years$22,923$15,822$10,668$7,053$4,592$707
34 years$22,006$14,996$9,967$6,490$4,158$598
35 years$21,143$14,224$9,319$5,974$3,766$505
36 years$20,329$13,500$8,717$5,502$3,412$427
37 years$19,562$12,822$8,159$5,069$3,093$361
38 years$18,837$12,186$7,641$4,673$2,804$305
39 years$18,150$11,587$7,159$4,308$2,543$257
40 years$17,500$11,024$6,710$3,974$2,306$218
41 years$16,882$10,494$6,292$3,666$2,092$184
42 years$16,296$9,994$5,902$3,384$1,898$155
43 years$15,739$9,523$5,538$3,123$1,723$131
44 years$15,208$9,077$5,198$2,884$1,564$111
45 years$14,703$8,656$4,881$2,663$1,420$94
46 years$14,220$8,257$4,584$2,460$1,289$79
47 years$13,760$7,880$4,307$2,273$1,171$67
48 years$13,320$7,522$4,047$2,100$1,063$57
49 years$12,900$7,184$3,804$1,941$965$48
50 years$12,497$6,862$3,577$1,794$877$40

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 $6,721 every year, while hoping to spend $55,874 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: 60/33/7 Blend
59$12,800,000$12,800,000$12,800,000$12,800,000
60$14,112,533$13,434,133$13,235,733$14,938,687
61$15,492,562$14,032,956$13,619,680$16,091,525
62$17,011,481$14,659,248$14,014,617$17,341,359
63$18,683,398$15,314,298$14,420,853$18,703,132
64$20,523,858$15,999,452$14,838,706$20,187,613
65$22,549,990$16,716,124$15,268,501$21,806,639
66$24,780,668$17,465,792$15,710,574$23,573,226
67$27,236,687$18,250,008$16,165,270$25,501,687
68$29,940,965$19,070,394$16,632,942$27,607,763
69$32,918,753$19,928,653$17,113,955$29,908,764
70$36,197,875$20,826,566$17,608,682$32,423,732
71$39,808,992$21,766,001$18,117,506$35,173,615
72$43,785,889$22,748,915$18,640,823$38,181,458
73$48,165,796$23,777,358$19,179,036$41,472,616
74$52,989,736$24,853,478$19,732,563$45,074,987
75$58,302,916$25,979,525$20,301,831$49,019,272
76$64,155,149$27,157,857$20,887,277$53,339,256
77$70,601,328$28,390,946$21,489,355$58,072,123
78$77,701,941$29,681,380$22,108,526$63,258,797
79$85,523,644$31,031,872$22,745,267$68,944,325
80$94,139,888$32,445,267$23,400,066$75,178,293
81$103,631,614$33,924,541$24,073,424$82,015,285
82$114,088,013$35,472,818$24,765,859$89,515,395
83$125,607,373$37,093,369$25,477,898$97,744,781
84$138,298,002$38,789,622$26,210,085$106,776,282
85$152,279,255$40,565,169$26,962,979$116,690,100
86$167,682,653$42,423,777$27,737,153$127,574,543
87$184,653,131$44,369,389$28,533,195$139,526,850
88$203,350,404$46,406,143$29,351,711$152,654,100
89$223,950,472$48,538,371$30,193,320$167,074,209
90$246,647,285$50,770,616$31,058,661$182,917,037
91$271,654,569$53,107,637$31,948,387$200,325,594
92$299,207,848$55,554,424$32,863,171$219,457,385
93$329,566,663$58,116,206$33,803,702$240,485,879
94$363,017,026$60,798,463$34,770,689$263,602,135
95$399,874,114$63,606,939$35,764,859$289,016,590
96$440,485,250$66,547,656$36,786,958$316,961,034
97$485,233,177$69,626,922$37,837,752$347,690,774
98$534,539,673$72,851,353$38,918,029$381,487,039
99$588,869,532$76,227,882$40,028,595$418,659,609
100$648,734,952$79,763,775$41,170,280$459,549,725