Can I retire at age 60 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$982,691$973,938$965,398$957,062$948,923$943,734
2 years$486,481$477,420$468,640$460,126$451,868$446,632
3 years$321,099$311,999$303,241$294,807$286,684$281,563
4 years$238,424$229,353$220,682$212,392$204,465$199,499
5 years$188,832$179,815$171,258$163,137$155,431$150,634
6 years$155,782$146,833$138,402$130,462$122,987$118,366
7 years$132,184$123,310$115,013$107,260$100,022$95,578
8 years$114,493$105,699$97,540$89,978$82,978$78,712
9 years$100,741$92,030$84,011$76,641$69,879$65,790
10 years$89,746$81,120$73,243$66,065$59,541$55,627
11 years$80,756$72,217$64,482$57,497$51,207$47,465
12 years$73,269$64,818$57,226$50,432$44,375$40,802
13 years$66,939$58,576$51,128$44,524$38,696$35,289
14 years$61,518$53,244$45,938$39,524$33,920$30,676
15 years$56,825$48,640$41,476$35,248$29,866$26,779
16 years$52,721$44,626$37,604$31,561$26,396$23,462
17 years$49,105$41,099$34,218$28,357$23,404$20,620
18 years$45,894$37,977$31,237$25,556$20,810$18,169
19 years$43,024$35,197$28,596$23,092$18,548$16,047
20 years$40,444$32,707$26,244$20,914$16,568$14,201
21 years$38,113$30,465$24,139$18,981$14,826$12,589
22 years$35,997$28,438$22,248$17,258$13,290$11,177
23 years$34,068$26,597$20,542$15,717$11,930$9,936
24 years$32,302$24,920$18,998$14,335$10,723$8,844
25 years$30,680$23,386$17,596$13,091$9,649$7,880
26 years$29,185$21,979$16,319$11,970$8,691$7,027
27 years$27,803$20,685$15,154$10,957$7,836$6,272
28 years$26,523$19,491$14,088$10,039$7,070$5,601
29 years$25,332$18,388$13,110$9,206$6,384$5,006
30 years$24,223$17,365$12,211$8,448$5,769$4,476
31 years$23,188$16,416$11,384$7,759$5,215$4,005
32 years$22,219$15,533$10,622$7,131$4,718$3,585
33 years$21,311$14,710$9,917$6,557$4,270$3,210
34 years$20,458$13,942$9,266$6,033$3,866$2,875
35 years$19,656$13,223$8,663$5,554$3,501$2,576
36 years$18,900$12,551$8,104$5,115$3,172$2,309
37 years$18,186$11,921$7,586$4,713$2,875$2,070
38 years$17,512$11,329$7,104$4,344$2,607$1,856
39 years$16,874$10,773$6,655$4,005$2,364$1,665
40 years$16,269$10,249$6,238$3,694$2,144$1,493
41 years$15,695$9,756$5,849$3,409$1,945$1,340
42 years$15,150$9,292$5,487$3,146$1,765$1,202
43 years$14,632$8,853$5,149$2,904$1,602$1,079
44 years$14,139$8,439$4,833$2,681$1,454$968
45 years$13,669$8,047$4,538$2,476$1,320$869
46 years$13,221$7,677$4,262$2,287$1,198$780
47 years$12,793$7,326$4,004$2,113$1,088$701
48 years$12,384$6,994$3,763$1,953$988$629
49 years$11,993$6,678$3,537$1,805$898$565
50 years$11,619$6,379$3,325$1,668$815$507

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $11,900,000, adding $3,136 every year, while hoping to spend $24,856 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: 68/23/9 Blend
59$11,900,000$11,900,000$11,900,000$11,900,000
60$13,117,035$12,486,335$12,301,885$13,985,948
61$14,428,526$13,071,719$12,687,551$15,148,318
62$15,872,956$13,684,953$13,085,305$16,415,738
63$17,463,858$14,327,377$13,495,523$17,801,123
64$19,216,146$15,000,393$13,918,598$19,316,023
65$21,146,254$15,705,473$14,354,931$20,973,144
66$23,272,289$16,444,158$14,804,939$22,786,469
67$25,614,207$17,218,066$15,269,049$24,771,380
68$28,193,997$18,028,892$15,747,703$26,944,805
69$31,035,890$18,878,414$16,241,357$29,325,375
70$34,166,590$19,768,495$16,750,481$31,933,591
71$37,615,519$20,701,088$17,275,559$34,792,019
72$41,415,103$21,678,242$17,817,091$37,925,499
73$45,601,072$22,702,105$18,375,593$41,361,372
74$50,212,802$23,774,929$18,951,596$45,129,736
75$55,293,682$24,899,074$19,545,648$49,263,726
76$60,891,525$26,077,017$20,158,315$53,799,823
77$67,059,022$27,311,352$20,790,180$58,778,191
78$73,854,235$28,604,801$21,441,844$64,243,051
79$81,341,149$29,960,218$22,113,927$70,243,098
80$89,590,271$31,380,594$22,807,069$76,831,949
81$98,679,303$32,869,067$23,521,930$84,068,648
82$108,693,867$34,428,926$24,259,189$92,018,214
83$119,728,318$36,063,621$25,019,549$100,752,252
84$131,886,635$37,776,767$25,803,733$110,349,618
85$145,283,401$39,572,157$26,612,487$120,897,161
86$160,044,883$41,453,768$27,446,580$132,490,531
87$176,310,227$43,425,769$28,306,806$145,235,079
88$194,232,770$45,492,532$29,193,985$159,246,841
89$213,981,489$47,658,641$30,108,959$174,653,625
90$235,742,591$49,928,905$31,052,599$191,596,210
91$259,721,278$52,308,364$32,025,804$210,229,665
92$286,143,678$54,802,304$33,029,499$230,724,803
93$315,258,985$57,416,269$34,064,639$253,269,786
94$347,341,806$60,156,070$35,132,208$278,071,889
95$382,694,755$63,027,803$36,233,223$305,359,443
96$421,651,315$66,037,860$37,368,730$335,383,986
97$464,578,977$69,192,942$38,539,810$368,422,620
98$511,882,716$72,500,080$39,747,577$404,780,616
99$564,008,812$75,966,643$40,993,180$444,794,284
100$621,449,062$79,600,360$42,277,803$488,834,133