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%11.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,045,953
2 years$539,626$529,576$519,835$510,392$501,232$494,540
3 years$356,177$346,083$336,368$327,013$318,002$311,460
4 years$264,470$254,408$244,790$235,594$226,802$220,460
5 years$209,461$199,459$189,967$180,959$172,411$166,287
6 years$172,800$162,873$153,521$144,714$136,423$130,526
7 years$146,624$136,781$127,577$118,978$110,948$105,280
8 years$127,001$117,246$108,195$99,807$92,042$86,604
9 years$111,746$102,084$93,189$85,014$77,513$72,303
10 years$99,550$89,982$81,244$73,283$66,045$61,060
11 years$89,578$80,106$71,526$63,778$56,801$52,038
12 years$81,273$71,899$63,477$55,942$49,222$44,677
13 years$74,252$64,975$56,713$49,388$42,923$38,591
14 years$68,239$59,061$50,957$43,841$37,626$33,502
15 years$63,032$53,953$46,007$39,099$33,129$29,208
16 years$58,481$49,501$41,712$35,009$29,279$25,555
17 years$54,469$45,589$37,956$31,455$25,961$22,428
18 years$50,907$42,126$34,649$28,347$23,083$19,735
19 years$47,724$39,042$31,720$25,614$20,575$17,405
20 years$44,863$36,280$29,111$23,199$18,378$15,381
21 years$42,277$33,793$26,776$21,054$16,446$13,615
22 years$39,930$31,544$24,679$19,143$14,742$12,070
23 years$37,790$29,503$22,786$17,434$13,233$10,714
24 years$35,831$27,642$21,073$15,901$11,894$9,521
25 years$34,032$25,941$19,518$14,522$10,703$8,470
26 years$32,373$24,380$18,102$13,278$9,641$7,542
27 years$30,841$22,945$16,809$12,153$8,692$6,720
28 years$29,420$21,621$15,627$11,135$7,843$5,993
29 years$28,100$20,397$14,542$10,211$7,082$5,347
30 years$26,869$19,262$13,545$9,371$6,399$4,774
31 years$25,721$18,209$12,628$8,607$5,785$4,264
32 years$24,647$17,230$11,782$7,910$5,233$3,810
33 years$23,639$16,317$11,001$7,274$4,736$3,406
34 years$22,693$15,465$10,279$6,693$4,288$3,046
35 years$21,803$14,668$9,610$6,161$3,884$2,725
36 years$20,965$13,922$8,990$5,674$3,519$2,438
37 years$20,173$13,223$8,414$5,228$3,189$2,182
38 years$19,425$12,566$7,880$4,819$2,891$1,953
39 years$18,717$11,949$7,382$4,443$2,622$1,749
40 years$18,046$11,369$6,919$4,098$2,378$1,566
41 years$17,410$10,822$6,488$3,781$2,158$1,403
42 years$16,806$10,307$6,086$3,489$1,958$1,257
43 years$16,231$9,820$5,711$3,221$1,777$1,126
44 years$15,683$9,361$5,361$2,974$1,613$1,009
45 years$15,162$8,926$5,034$2,747$1,464$904
46 years$14,665$8,515$4,728$2,537$1,329$810
47 years$14,190$8,126$4,442$2,344$1,207$726
48 years$13,737$7,757$4,174$2,166$1,096$651
49 years$13,303$7,408$3,923$2,002$996$583
50 years$12,888$7,076$3,688$1,850$904$523

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 $2,137 every year, while hoping to spend $30,207 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: 41/31/28 Blend
59$13,200,000$13,200,000$13,200,000$13,200,000
60$14,548,604$13,849,004$13,644,404$15,025,179
61$16,000,422$14,495,466$14,069,352$16,016,614
62$17,599,313$15,172,591$14,507,523$17,086,084
63$19,360,246$15,881,851$14,959,328$18,243,166
64$21,299,717$16,624,788$15,425,192$19,495,937
65$23,435,903$17,403,017$15,905,550$20,853,261
66$25,788,834$18,218,234$16,400,855$22,324,870
67$28,380,581$19,072,214$16,911,570$23,921,448
68$31,235,468$19,966,820$17,438,175$25,654,730
69$34,380,295$20,904,003$17,981,163$27,537,601
70$37,844,597$21,885,811$18,541,044$29,584,221
71$41,660,919$22,914,389$19,118,342$31,810,142
72$45,865,125$23,991,987$19,713,600$34,232,458
73$50,496,737$25,120,963$20,327,374$36,869,953
74$55,599,304$26,303,790$20,960,241$39,743,275
75$61,220,818$27,543,061$21,612,794$42,875,122
76$67,414,163$28,841,493$22,285,644$46,290,449
77$74,237,617$30,201,935$22,979,423$50,016,698
78$81,755,401$31,627,377$23,694,780$54,084,043
79$90,038,284$33,120,950$24,432,387$58,525,672
80$99,164,251$34,685,939$25,192,934$63,378,090
81$109,219,242$36,325,787$25,977,135$68,681,451
82$120,297,959$38,044,106$26,785,724$74,479,932
83$132,504,764$39,844,680$27,619,458$80,822,134
84$145,954,660$41,731,479$28,479,120$87,761,536
85$160,774,379$43,708,665$29,365,514$95,356,985
86$177,103,578$45,780,602$30,279,472$103,673,239
87$195,096,157$47,951,866$31,221,848$112,781,571
88$214,921,712$50,227,254$32,193,527$122,760,421
89$236,767,134$52,611,798$33,195,418$133,696,132
90$260,838,377$55,110,771$34,228,459$145,683,744
91$287,362,398$57,729,705$35,293,619$158,827,879
92$316,589,302$60,474,400$36,391,895$173,243,716
93$348,794,703$63,350,937$37,524,315$189,058,057
94$384,282,322$66,365,693$38,691,940$206,410,510
95$423,386,862$69,525,355$39,895,863$225,454,792
96$466,477,159$72,836,934$41,137,211$246,360,157
97$513,959,668$76,307,783$42,417,147$269,312,976
98$566,282,301$79,945,612$43,736,868$294,518,480
99$623,938,654$83,758,504$45,097,611$322,202,671
100$687,472,664$87,754,938$46,500,648$352,614,437