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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$983,693
2 years$523,273$513,528$504,083$494,925$486,043$449,175
3 years$345,384$335,596$326,175$317,104$308,366$272,786
4 years$256,456$246,699$237,372$228,455$219,929$185,909
5 years$203,114$193,415$184,210$175,476$167,186$134,815
6 years$167,564$157,938$148,869$140,329$132,289$101,590
7 years$142,181$132,636$123,711$115,372$107,586$78,553
8 years$123,152$113,693$104,917$96,783$89,253$61,860
9 years$108,360$98,991$90,365$82,438$75,164$49,374
10 years$96,533$87,255$78,782$71,062$64,044$39,811
11 years$86,863$77,678$69,359$61,845$55,080$32,355
12 years$78,810$69,720$61,554$54,247$47,731$26,457
13 years$72,002$63,006$54,994$47,892$41,622$21,742
14 years$66,171$57,271$49,413$42,513$36,486$17,937
15 years$61,122$52,318$44,613$37,914$32,125$14,846
16 years$56,709$48,001$40,448$33,948$28,392$12,319
17 years$52,819$44,207$36,806$30,502$25,174$10,244
18 years$49,365$40,849$33,599$27,488$22,384$8,534
19 years$46,278$37,859$30,759$24,838$19,951$7,120
20 years$43,503$35,180$28,229$22,496$17,821$5,947
21 years$40,996$32,769$25,965$20,416$15,948$4,972
22 years$38,720$30,589$23,931$18,563$14,295$4,160
23 years$36,645$28,609$22,096$16,906$12,832$3,484
24 years$34,745$26,805$20,435$15,419$11,534$2,919
25 years$33,000$25,155$18,927$14,082$10,378$2,447
26 years$31,392$23,642$17,554$12,875$9,349$2,052
27 years$29,906$22,249$16,300$11,785$8,428$1,721
28 years$28,528$20,966$15,153$10,798$7,605$1,444
29 years$27,248$19,779$14,101$9,902$6,867$1,212
30 years$26,055$18,679$13,135$9,087$6,205$1,018
31 years$24,942$17,658$12,245$8,346$5,610$854
32 years$23,900$16,708$11,425$7,670$5,075$717
33 years$22,923$15,822$10,668$7,053$4,592$603
34 years$22,006$14,996$9,967$6,490$4,158$506
35 years$21,143$14,224$9,319$5,974$3,766$425
36 years$20,329$13,500$8,717$5,502$3,412$357
37 years$19,562$12,822$8,159$5,069$3,093$300
38 years$18,837$12,186$7,641$4,673$2,804$252
39 years$18,150$11,587$7,159$4,308$2,543$212
40 years$17,500$11,024$6,710$3,974$2,306$178
41 years$16,882$10,494$6,292$3,666$2,092$149
42 years$16,296$9,994$5,902$3,384$1,898$126
43 years$15,739$9,523$5,538$3,123$1,723$106
44 years$15,208$9,077$5,198$2,884$1,564$89
45 years$14,703$8,656$4,881$2,663$1,420$75
46 years$14,220$8,257$4,584$2,460$1,289$63
47 years$13,760$7,880$4,307$2,273$1,171$53
48 years$13,320$7,522$4,047$2,100$1,063$44
49 years$12,900$7,184$3,804$1,941$965$37
50 years$12,497$6,862$3,577$1,794$877$31

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 $2,603 every year, while hoping to spend $44,286 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: 57/19/24 Blend
59$12,800,000$12,800,000$12,800,000$12,800,000
60$14,108,285$13,429,885$13,231,485$14,820,423
61$15,500,210$14,040,829$13,627,620$15,918,532
62$17,032,627$14,680,226$14,035,541$17,109,835
63$18,719,820$15,349,422$14,455,596$18,407,312
64$20,577,527$16,049,829$14,888,144$19,821,218
65$22,623,091$16,782,927$15,333,553$21,362,835
66$24,875,623$17,550,266$15,792,204$23,044,569
67$27,356,179$18,353,472$16,264,485$24,880,068
68$30,087,965$19,194,247$16,750,801$26,884,348
69$33,096,548$20,074,376$17,251,563$29,073,926
70$36,410,104$20,995,729$17,767,199$31,466,980
71$40,059,681$21,960,267$18,298,147$34,083,512
72$44,079,491$22,970,042$18,844,857$36,945,532
73$48,507,234$24,027,209$19,407,795$40,077,267
74$53,384,453$25,134,023$19,987,437$43,505,380
75$58,756,927$26,292,850$20,584,276$47,259,219
76$64,675,102$27,506,169$21,198,818$51,371,092
77$71,194,568$28,776,576$21,831,583$55,876,564
78$78,376,581$30,106,795$22,483,108$60,814,788
79$86,288,644$31,499,681$23,153,945$66,228,871
80$95,005,145$32,958,223$23,844,660$72,166,277
81$104,608,052$34,485,559$24,555,839$78,679,263
82$115,187,696$36,084,974$25,288,083$85,825,374
83$126,843,617$37,759,914$26,042,009$93,667,976
84$139,685,505$39,513,989$26,818,256$102,276,846
85$153,834,237$41,350,985$27,617,478$111,728,830
86$169,423,015$43,274,869$28,440,349$122,108,555
87$186,598,626$45,289,800$29,287,564$133,509,225
88$205,522,824$47,400,139$30,159,836$146,033,492
89$226,373,862$49,610,455$31,057,900$159,794,416
90$249,348,168$51,925,540$31,982,512$174,916,524
91$274,662,205$54,350,415$32,934,449$191,536,979
92$302,554,510$56,890,346$33,914,514$209,806,864
93$333,287,948$59,550,851$34,923,528$229,892,600
94$367,152,192$62,337,716$35,962,340$251,977,506
95$404,466,459$65,257,008$37,031,822$276,263,519
96$445,582,521$68,315,084$38,132,870$302,973,093
97$490,888,026$71,518,611$39,266,409$332,351,283
98$540,810,159$74,874,577$40,433,389$364,668,049
99$595,819,674$78,390,310$41,634,786$400,220,794
100$656,435,336$82,073,491$42,871,607$439,337,156