Can I retire at age 60 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$959,099
2 years$498,745$489,456$480,454$471,726$463,260$449,437
3 years$329,194$319,865$310,886$302,239$293,911$280,442
4 years$244,435$235,135$226,245$217,746$209,620$196,608
5 years$193,593$184,348$175,575$167,250$159,350$146,833
6 years$159,709$150,534$141,891$133,751$126,088$114,081
7 years$135,516$126,419$117,912$109,964$102,543$91,050
8 years$117,379$108,364$99,999$92,246$85,069$74,089
9 years$103,281$94,350$86,129$78,573$71,641$61,167
10 years$92,008$83,165$75,089$67,731$61,042$51,067
11 years$82,791$74,037$66,107$58,946$52,498$43,013
12 years$75,116$66,452$58,669$51,704$45,493$36,488
13 years$68,627$60,053$52,416$45,647$39,671$31,132
14 years$63,069$54,586$47,096$40,520$34,776$26,689
15 years$58,257$49,866$42,522$36,137$30,619$22,972
16 years$54,051$45,751$38,552$32,357$27,061$19,838
17 years$50,343$42,135$35,081$29,072$23,994$17,181
18 years$47,051$38,934$32,024$26,200$21,335$14,915
19 years$44,109$36,084$29,317$23,674$19,016$12,974
20 years$41,464$33,531$26,906$21,441$16,986$11,306
21 years$39,074$31,233$24,748$19,459$15,200$9,868
22 years$36,905$29,155$22,809$17,693$13,625$8,624
23 years$34,927$27,268$21,060$16,113$12,230$7,545
24 years$33,116$25,548$19,477$14,696$10,993$6,607
25 years$31,453$23,976$18,040$13,421$9,892$5,791
26 years$29,921$22,533$16,731$12,272$8,910$5,080
27 years$28,504$21,206$15,536$11,233$8,033$4,459
28 years$27,191$19,983$14,443$10,292$7,249$3,916
29 years$25,971$18,851$13,440$9,438$6,545$3,441
30 years$24,834$17,803$12,519$8,661$5,914$3,025
31 years$23,772$16,830$11,671$7,955$5,347$2,660
32 years$22,779$15,925$10,889$7,311$4,837$2,340
33 years$21,848$15,081$10,167$6,723$4,377$2,059
34 years$20,974$14,293$9,500$6,186$3,963$1,812
35 years$20,152$13,557$8,882$5,694$3,590$1,595
36 years$19,376$12,867$8,309$5,244$3,252$1,405
37 years$18,645$12,221$7,777$4,832$2,948$1,237
38 years$17,954$11,614$7,283$4,454$2,672$1,090
39 years$17,299$11,044$6,823$4,106$2,423$960
40 years$16,679$10,508$6,395$3,788$2,198$846
41 years$16,091$10,002$5,997$3,495$1,994$745
42 years$15,532$9,526$5,625$3,225$1,809$657
43 years$15,001$9,076$5,278$2,977$1,642$579
44 years$14,495$8,651$4,955$2,749$1,491$510
45 years$14,013$8,250$4,652$2,539$1,353$450
46 years$13,554$7,870$4,370$2,345$1,229$396
47 years$13,115$7,511$4,105$2,166$1,116$349
48 years$12,696$7,170$3,858$2,002$1,013$308
49 years$12,295$6,847$3,626$1,850$920$272
50 years$11,911$6,540$3,409$1,710$836$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $12,200,000, adding $5,411 every year, while hoping to spend $40,117 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: 58/12/30 Blend
59$12,200,000$12,200,000$12,200,000$12,200,000
60$13,449,981$12,803,381$12,614,281$14,119,019
61$14,779,195$13,388,063$12,994,176$15,163,609
62$16,242,645$14,000,049$13,385,452$16,297,440
63$17,853,979$14,640,636$13,788,449$17,533,031
64$19,628,238$15,311,181$14,203,516$18,880,274
65$21,581,997$16,013,107$14,631,012$20,350,053
66$23,733,516$16,747,905$15,071,306$21,954,342
67$26,102,921$17,517,139$15,524,781$23,706,319
68$28,712,385$18,322,445$15,991,828$25,620,486
69$31,586,344$19,165,540$16,472,850$27,712,801
70$34,751,724$20,048,224$16,968,263$30,000,829
71$38,238,195$20,972,382$17,478,495$32,503,906
72$42,078,453$21,939,991$18,003,986$35,243,314
73$46,308,525$22,953,121$18,545,190$38,242,482
74$50,968,114$24,013,944$19,102,573$41,527,205
75$56,100,970$25,124,734$19,676,617$45,125,880
76$61,755,300$26,287,878$20,267,816$49,069,776
77$67,984,232$27,505,875$20,876,678$53,393,320
78$74,846,306$28,781,345$21,503,729$58,134,422
79$82,406,034$30,117,036$22,149,509$63,334,829
80$90,734,504$31,515,825$22,814,572$69,040,513
81$99,910,054$32,980,731$23,499,491$75,302,102
82$110,019,010$34,514,918$24,204,855$82,175,351
83$121,156,501$36,121,701$24,931,269$89,721,670
84$133,427,356$37,804,556$25,679,359$98,008,692
85$146,947,094$39,567,127$26,449,765$107,110,911
86$161,843,015$41,413,234$27,243,150$117,110,378
87$178,255,401$43,346,880$28,060,193$128,097,469
88$196,338,838$45,372,264$28,901,596$140,171,737
89$216,263,680$47,493,785$29,768,080$153,442,843
90$238,217,651$49,716,056$30,660,387$168,031,583
91$262,407,623$52,043,914$31,579,280$184,071,027
92$289,061,562$54,482,428$32,525,548$201,707,765
93$318,430,686$57,036,912$33,499,999$221,103,286
94$350,791,834$59,712,938$34,503,467$242,435,493
95$386,450,077$62,516,348$35,536,809$265,900,377
96$425,741,602$65,453,266$36,600,909$291,713,861
97$469,036,881$68,530,111$37,696,675$320,113,826
98$516,744,172$71,753,616$38,825,042$351,362,352
99$569,313,370$75,130,836$39,986,974$385,748,180
100$627,240,258$78,669,171$41,183,462$423,589,435