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%12.6%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,041,161
2 years$539,626$529,576$519,835$510,392$501,232$489,728
3 years$356,177$346,083$336,368$327,013$318,002$306,776
4 years$264,470$254,408$244,790$235,594$226,802$215,941
5 years$209,461$199,459$189,967$180,959$172,411$161,947
6 years$172,800$162,873$153,521$144,714$136,423$126,369
7 years$146,624$136,781$127,577$118,978$110,948$101,308
8 years$127,001$117,246$108,195$99,807$92,042$82,815
9 years$111,746$102,084$93,189$85,014$77,513$68,695
10 years$99,550$89,982$81,244$73,283$66,045$57,631
11 years$89,578$80,106$71,526$63,778$56,801$48,784
12 years$81,273$71,899$63,477$55,942$49,222$41,594
13 years$74,252$64,975$56,713$49,388$42,923$35,674
14 years$68,239$59,061$50,957$43,841$37,626$30,747
15 years$63,032$53,953$46,007$39,099$33,129$26,608
16 years$58,481$49,501$41,712$35,009$29,279$23,106
17 years$54,469$45,589$37,956$31,455$25,961$20,124
18 years$50,907$42,126$34,649$28,347$23,083$17,571
19 years$47,724$39,042$31,720$25,614$20,575$15,374
20 years$44,863$36,280$29,111$23,199$18,378$13,477
21 years$42,277$33,793$26,776$21,054$16,446$11,833
22 years$39,930$31,544$24,679$19,143$14,742$10,404
23 years$37,790$29,503$22,786$17,434$13,233$9,158
24 years$35,831$27,642$21,073$15,901$11,894$8,070
25 years$34,032$25,941$19,518$14,522$10,703$7,118
26 years$32,373$24,380$18,102$13,278$9,641$6,284
27 years$30,841$22,945$16,809$12,153$8,692$5,551
28 years$29,420$21,621$15,627$11,135$7,843$4,906
29 years$28,100$20,397$14,542$10,211$7,082$4,339
30 years$26,869$19,262$13,545$9,371$6,399$3,839
31 years$25,721$18,209$12,628$8,607$5,785$3,399
32 years$24,647$17,230$11,782$7,910$5,233$3,010
33 years$23,639$16,317$11,001$7,274$4,736$2,666
34 years$22,693$15,465$10,279$6,693$4,288$2,362
35 years$21,803$14,668$9,610$6,161$3,884$2,094
36 years$20,965$13,922$8,990$5,674$3,519$1,856
37 years$20,173$13,223$8,414$5,228$3,189$1,646
38 years$19,425$12,566$7,880$4,819$2,891$1,460
39 years$18,717$11,949$7,382$4,443$2,622$1,295
40 years$18,046$11,369$6,919$4,098$2,378$1,149
41 years$17,410$10,822$6,488$3,781$2,158$1,019
42 years$16,806$10,307$6,086$3,489$1,958$904
43 years$16,231$9,820$5,711$3,221$1,777$802
44 years$15,683$9,361$5,361$2,974$1,613$712
45 years$15,162$8,926$5,034$2,747$1,464$632
46 years$14,665$8,515$4,728$2,537$1,329$561
47 years$14,190$8,126$4,442$2,344$1,207$498
48 years$13,737$7,757$4,174$2,166$1,096$442
49 years$13,303$7,408$3,923$2,002$996$392
50 years$12,888$7,076$3,688$1,850$904$348

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 $4,726 every year, while hoping to spend $56,519 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: 61/34/5 Blend
59$13,200,000$13,200,000$13,200,000$13,200,000
60$14,551,275$13,851,675$13,647,075$15,426,816
61$15,975,369$14,470,271$14,044,116$16,630,503
62$17,542,827$15,117,284$14,452,564$17,936,203
63$19,268,211$15,794,047$14,872,741$19,359,285
64$21,167,569$16,501,956$15,304,978$20,911,052
65$23,258,583$17,242,474$15,749,616$22,603,931
66$25,560,735$18,017,132$16,207,006$24,451,581
67$28,095,495$18,827,536$16,677,505$26,469,028
68$30,886,519$19,675,369$17,161,485$28,672,791
69$33,959,874$20,562,392$17,659,325$31,081,043
70$37,344,283$21,490,451$18,171,414$33,713,770
71$41,071,397$22,461,481$18,698,154$36,592,959
72$45,176,095$23,477,508$19,239,957$39,742,801
73$49,696,807$24,540,656$19,797,246$43,189,909
74$54,675,883$25,653,151$20,370,456$46,963,568
75$60,159,990$26,817,322$20,960,033$51,096,003
76$66,200,552$28,035,614$21,566,437$55,622,676
77$72,854,235$29,310,585$22,190,139$60,582,619
78$80,183,482$30,644,919$22,831,624$66,018,788
79$88,257,103$32,041,426$23,491,389$71,978,468
80$97,150,922$33,503,051$24,169,946$78,513,706
81$106,948,497$35,032,881$24,867,819$85,681,798
82$117,741,902$36,634,150$25,585,550$93,545,822
83$129,632,601$38,310,248$26,323,690$102,175,221
84$142,732,403$40,064,728$27,082,811$111,646,452
85$157,164,520$41,901,311$27,863,497$122,043,698
86$173,064,725$43,823,899$28,666,348$133,459,653
87$190,582,637$45,836,581$29,491,981$145,996,383
88$209,883,134$47,943,641$30,341,031$159,766,284
89$231,147,906$50,149,571$31,214,147$174,893,126
90$254,577,169$52,459,078$32,111,998$191,513,215
91$280,391,562$54,877,093$33,035,271$209,776,660
92$308,834,219$57,408,789$33,984,671$229,848,785
93$340,173,073$60,059,583$34,960,921$251,911,668
94$374,703,379$62,835,156$35,964,765$276,165,852
95$412,750,506$65,741,460$36,996,966$302,832,218
96$454,673,002$68,784,736$38,058,309$332,154,055
97$500,865,983$71,971,523$39,149,597$364,399,345
98$551,764,863$75,308,678$40,271,659$399,863,269
99$607,849,462$78,803,386$41,425,342$438,870,977
100$669,648,534$82,463,178$42,611,518$481,780,642