Can I retire at age 60 with 13,200,000?

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 $13,200,000?

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$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,017,265
2 years$539,626$529,576$519,835$510,392$501,232$465,994
3 years$356,177$346,083$336,368$327,013$318,002$283,955
4 years$264,470$254,408$244,790$235,594$226,802$194,205
5 years$209,461$199,459$189,967$180,959$172,411$141,352
6 years$172,800$162,873$153,521$144,714$136,423$106,927
7 years$146,624$136,781$127,577$118,978$110,948$83,011
8 years$127,001$117,246$108,195$99,807$92,042$65,642
9 years$111,746$102,084$93,189$85,014$77,513$52,617
10 years$99,550$89,982$81,244$73,283$66,045$42,615
11 years$89,578$80,106$71,526$63,778$56,801$34,791
12 years$81,273$71,899$63,477$55,942$49,222$28,582
13 years$74,252$64,975$56,713$49,388$42,923$23,600
14 years$68,239$59,061$50,957$43,841$37,626$19,566
15 years$63,032$53,953$46,007$39,099$33,129$16,275
16 years$58,481$49,501$41,712$35,009$29,279$13,574
17 years$54,469$45,589$37,956$31,455$25,961$11,346
18 years$50,907$42,126$34,649$28,347$23,083$9,501
19 years$47,724$39,042$31,720$25,614$20,575$7,969
20 years$44,863$36,280$29,111$23,199$18,378$6,692
21 years$42,277$33,793$26,776$21,054$16,446$5,625
22 years$39,930$31,544$24,679$19,143$14,742$4,733
23 years$37,790$29,503$22,786$17,434$13,233$3,985
24 years$35,831$27,642$21,073$15,901$11,894$3,357
25 years$34,032$25,941$19,518$14,522$10,703$2,830
26 years$32,373$24,380$18,102$13,278$9,641$2,387
27 years$30,841$22,945$16,809$12,153$8,692$2,014
28 years$29,420$21,621$15,627$11,135$7,843$1,699
29 years$28,100$20,397$14,542$10,211$7,082$1,434
30 years$26,869$19,262$13,545$9,371$6,399$1,211
31 years$25,721$18,209$12,628$8,607$5,785$1,023
32 years$24,647$17,230$11,782$7,910$5,233$864
33 years$23,639$16,317$11,001$7,274$4,736$730
34 years$22,693$15,465$10,279$6,693$4,288$616
35 years$21,803$14,668$9,610$6,161$3,884$521
36 years$20,965$13,922$8,990$5,674$3,519$440
37 years$20,173$13,223$8,414$5,228$3,189$372
38 years$19,425$12,566$7,880$4,819$2,891$314
39 years$18,717$11,949$7,382$4,443$2,622$266
40 years$18,046$11,369$6,919$4,098$2,378$224
41 years$17,410$10,822$6,488$3,781$2,158$190
42 years$16,806$10,307$6,086$3,489$1,958$160
43 years$16,231$9,820$5,711$3,221$1,777$135
44 years$15,683$9,361$5,361$2,974$1,613$115
45 years$15,162$8,926$5,034$2,747$1,464$97
46 years$14,665$8,515$4,728$2,537$1,329$82
47 years$14,190$8,126$4,442$2,344$1,207$69
48 years$13,737$7,757$4,174$2,166$1,096$58
49 years$13,303$7,408$3,923$2,002$996$49
50 years$12,888$7,076$3,688$1,850$904$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,200,000, adding $3,268 every year, while hoping to spend $31,798 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: 72/11/17 Blend
59$13,200,000$13,200,000$13,200,000$13,200,000
60$14,549,771$13,850,171$13,645,571$15,539,715
61$16,000,015$14,494,996$14,068,865$16,842,318
62$17,597,118$15,170,353$14,505,273$18,264,218
63$19,356,026$15,877,702$14,955,202$19,820,570
64$21,293,209$16,618,578$15,419,069$21,524,693
65$23,426,815$17,394,587$15,897,307$23,391,248
66$25,776,842$18,207,413$16,390,359$25,436,374
67$28,365,327$19,058,824$16,898,683$27,677,842
68$31,216,554$19,950,671$17,422,753$30,135,214
69$34,357,283$20,884,893$17,963,055$32,830,034
70$37,816,999$21,863,527$18,520,091$35,786,020
71$41,628,198$22,888,705$19,094,379$39,029,292
72$45,826,686$23,962,663$19,686,453$42,588,611
73$50,451,921$25,087,746$20,296,861$46,495,653
74$55,547,383$26,266,412$20,926,173$50,785,301
75$61,160,988$27,501,238$21,574,971$55,495,971
76$67,345,535$28,794,925$22,243,859$60,669,976
77$74,159,209$30,150,305$22,933,457$66,353,917
78$81,666,127$31,570,349$23,644,407$72,599,123
79$89,936,945$33,058,169$24,377,368$79,462,131
80$99,049,524$34,617,030$25,133,020$87,005,214
81$109,089,665$36,250,354$25,912,066$95,296,970
82$120,151,918$37,961,729$26,715,228$104,412,959
83$132,340,478$39,754,918$27,543,252$114,436,418
84$145,770,162$41,633,864$28,396,906$125,459,039
85$160,567,499$43,602,704$29,276,983$137,581,832
86$176,871,921$45,665,773$30,184,299$150,916,070
87$194,837,079$47,827,619$31,119,696$165,584,341
88$214,632,297$50,093,008$32,084,041$181,721,695
89$236,444,165$52,466,939$33,078,230$199,476,913
90$260,478,304$54,954,653$34,103,185$219,013,912
91$286,961,305$57,561,646$35,159,856$240,513,278
92$316,142,870$60,293,678$36,249,223$264,173,973
93$348,298,168$63,156,793$37,372,297$290,215,201
94$383,730,430$66,157,325$38,530,118$318,878,474
95$422,773,818$69,301,918$39,723,761$350,429,881
96$465,796,572$72,597,536$40,954,331$385,162,600
97$513,204,491$76,051,485$42,222,970$423,399,651
98$565,444,764$79,671,422$43,530,854$465,496,941
99$623,010,186$83,465,378$44,879,194$511,846,615
100$686,443,818$87,441,775$46,269,241$562,880,750