Can I retire at age 60 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,047,818
2 years$547,802$537,599$527,712$518,125$508,826$488,038
3 years$361,573$351,327$341,464$331,968$322,820$302,609
4 years$268,478$258,263$248,499$239,164$230,238$210,760
5 years$212,635$202,481$192,845$183,701$175,023$156,334
6 years$175,418$165,341$155,848$146,907$138,490$120,609
7 years$148,845$138,853$129,510$120,780$112,629$95,562
8 years$128,925$119,023$109,835$101,320$93,437$77,178
9 years$113,439$103,631$94,601$86,302$78,687$63,227
10 years$101,058$91,345$82,475$74,393$67,046$52,369
11 years$90,935$81,319$72,610$64,744$57,661$43,751
12 years$82,505$72,988$64,439$56,789$49,968$36,804
13 years$75,377$65,960$57,572$50,137$43,573$31,134
14 years$69,273$59,956$51,729$44,506$38,196$26,458
15 years$63,987$54,771$46,704$39,691$33,631$22,570
16 years$59,367$50,251$42,344$35,539$29,723$19,315
17 years$55,295$46,279$38,532$31,932$26,354$16,573
18 years$51,679$42,764$35,174$28,777$23,433$14,253
19 years$48,447$39,633$32,200$26,002$20,887$12,280
20 years$45,542$36,829$29,552$23,550$18,656$10,598
21 years$42,918$34,305$27,182$21,373$16,695$9,159
22 years$40,535$32,022$25,053$19,433$14,965$7,925
23 years$38,362$29,950$23,132$17,698$13,433$6,864
24 years$36,374$28,061$21,393$16,142$12,074$5,950
25 years$34,547$26,334$19,814$14,742$10,865$5,162
26 years$32,864$24,750$18,376$13,479$9,787$4,481
27 years$31,308$23,292$17,064$12,338$8,824$3,893
28 years$29,866$21,948$15,863$11,304$7,962$3,383
29 years$28,525$20,706$14,762$10,366$7,189$2,941
30 years$27,277$19,554$13,750$9,513$6,496$2,558
31 years$26,111$18,485$12,819$8,737$5,873$2,225
32 years$25,020$17,491$11,960$8,030$5,312$1,936
33 years$23,997$16,564$11,168$7,384$4,808$1,686
34 years$23,037$15,699$10,434$6,794$4,353$1,467
35 years$22,134$14,890$9,755$6,254$3,943$1,278
36 years$21,282$14,133$9,126$5,760$3,572$1,113
37 years$20,479$13,423$8,542$5,307$3,238$969
38 years$19,720$12,757$7,999$4,892$2,935$844
39 years$19,001$12,130$7,494$4,510$2,662$736
40 years$18,320$11,541$7,024$4,160$2,414$641
41 years$17,674$10,986$6,586$3,838$2,190$559
42 years$17,060$10,463$6,178$3,542$1,987$487
43 years$16,477$9,969$5,798$3,270$1,804$424
44 years$15,921$9,502$5,442$3,019$1,637$370
45 years$15,392$9,061$5,110$2,788$1,486$322
46 years$14,887$8,644$4,799$2,576$1,350$281
47 years$14,405$8,249$4,509$2,380$1,225$245
48 years$13,945$7,875$4,237$2,199$1,113$213
49 years$13,504$7,520$3,983$2,032$1,011$186
50 years$13,083$7,184$3,744$1,878$918$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,400,000, adding $5,618 every year, while hoping to spend $45,040 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: 50/27/23 Blend
59$13,400,000$13,400,000$13,400,000$13,400,000
60$14,772,595$14,062,395$13,854,695$15,415,505
61$16,231,477$14,703,530$14,270,905$16,503,738
62$17,837,656$15,374,571$14,699,549$17,680,801
63$19,606,108$16,076,936$15,140,995$18,959,194
64$21,553,337$16,812,111$15,595,623$20,348,524
65$23,697,525$17,581,653$16,063,825$21,859,342
66$26,058,712$18,387,193$16,546,002$23,503,248
67$28,658,977$19,230,442$17,042,570$25,292,991
68$31,522,651$20,113,192$17,553,954$27,242,586
69$34,676,544$21,037,321$18,080,594$29,367,442
70$38,150,200$22,004,798$18,622,942$31,684,503
71$41,976,173$23,017,686$19,181,463$34,212,401
72$46,190,336$24,078,146$19,756,636$36,971,629
73$50,832,221$25,188,446$20,348,954$39,984,727
74$55,945,388$26,350,961$20,958,925$43,276,492
75$61,577,839$27,568,179$21,587,070$46,874,201
76$67,782,470$28,842,711$22,233,928$50,807,867
77$74,617,569$30,177,291$22,900,052$55,110,514
78$82,147,369$31,574,787$23,586,012$59,818,481
79$90,442,651$33,038,201$24,292,393$64,971,759
80$99,581,414$34,570,686$25,019,801$70,614,360
81$109,649,609$36,175,540$25,768,855$76,794,729
82$120,741,954$37,856,226$26,540,196$83,566,184
83$132,962,822$39,616,369$27,334,481$90,987,422
84$146,427,232$41,459,774$28,152,388$99,123,055
85$161,261,931$43,390,424$28,994,615$108,044,215
86$177,606,592$45,412,499$29,861,878$117,829,217
87$195,615,130$47,530,377$30,754,917$128,564,284
88$215,457,158$49,748,651$31,674,492$140,344,354
89$237,319,586$52,072,132$32,621,385$153,273,964
90$261,408,384$54,505,867$33,596,402$167,468,223
91$287,950,529$57,055,144$34,600,371$183,053,892
92$317,196,145$59,725,508$35,634,145$200,170,562
93$349,420,865$62,522,772$36,698,603$218,971,963
94$384,928,435$65,453,029$37,794,647$239,627,399
95$424,053,575$68,522,668$38,923,208$262,323,332
96$467,165,147$71,738,386$40,085,243$287,265,129
97$514,669,630$75,107,204$41,281,737$314,678,983
98$567,014,960$78,636,485$42,513,702$344,814,034
99$624,694,757$82,333,944$43,782,183$377,944,700
100$688,252,989$86,207,674$45,088,252$414,373,254