Can I retire at age 60 with 13,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,044,980
2 years$551,890$541,611$531,650$521,992$512,623$481,114
3 years$364,272$353,949$344,013$334,445$325,229$294,727
4 years$270,481$260,190$250,353$240,949$231,956$202,695
5 years$214,222$203,992$194,284$185,072$176,329$148,389
6 years$176,727$166,575$157,011$148,003$139,524$112,929
7 years$149,956$139,889$130,477$121,682$113,470$88,221
8 years$129,887$119,911$110,654$102,076$94,134$70,216
9 years$114,286$104,404$95,307$86,946$79,275$56,663
10 years$101,812$92,027$83,091$74,948$67,546$46,209
11 years$91,613$81,926$73,152$65,227$58,092$37,994
12 years$83,120$73,533$64,920$57,213$50,341$31,443
13 years$75,940$66,452$58,002$50,511$43,898$26,157
14 years$69,790$60,403$52,115$44,838$38,481$21,851
15 years$64,465$55,179$47,053$39,987$33,882$18,318
16 years$59,810$50,626$42,660$35,804$29,945$15,399
17 years$55,707$46,625$38,819$32,170$26,551$12,976
18 years$52,064$43,083$35,437$28,992$23,608$10,956
19 years$48,809$39,929$32,441$26,196$21,042$9,265
20 years$45,882$37,104$29,772$23,726$18,795$7,846
21 years$43,238$34,561$27,385$21,533$16,820$6,652
22 years$40,837$32,261$25,239$19,578$15,077$5,645
23 years$38,649$30,173$23,304$17,830$13,534$4,794
24 years$36,645$28,271$21,552$16,262$12,164$4,075
25 years$34,805$26,531$19,962$14,852$10,946$3,465
26 years$33,109$24,934$18,514$13,580$9,860$2,948
27 years$31,542$23,466$17,192$12,430$8,889$2,510
28 years$30,089$22,112$15,982$11,388$8,021$2,137
29 years$28,738$20,860$14,872$10,443$7,243$1,820
30 years$27,480$19,700$13,853$9,584$6,544$1,551
31 years$26,306$18,623$12,915$8,802$5,917$1,321
32 years$25,207$17,621$12,050$8,090$5,352$1,126
33 years$24,177$16,688$11,251$7,439$4,844$960
34 years$23,209$15,816$10,512$6,845$4,385$819
35 years$22,299$15,001$9,828$6,301$3,972$698
36 years$21,441$14,239$9,194$5,803$3,599$595
37 years$20,632$13,523$8,605$5,347$3,262$508
38 years$19,867$12,852$8,059$4,928$2,957$433
39 years$19,143$12,221$7,550$4,544$2,682$369
40 years$18,457$11,627$7,077$4,191$2,432$315
41 years$17,806$11,068$6,636$3,867$2,207$269
42 years$17,187$10,541$6,224$3,569$2,002$229
43 years$16,600$10,043$5,841$3,294$1,817$196
44 years$16,040$9,573$5,483$3,042$1,649$167
45 years$15,507$9,129$5,148$2,809$1,497$142
46 years$14,998$8,709$4,835$2,595$1,360$121
47 years$14,513$8,311$4,543$2,397$1,235$104
48 years$14,049$7,934$4,269$2,215$1,121$88
49 years$13,605$7,576$4,012$2,047$1,018$75
50 years$13,181$7,237$3,772$1,892$925$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,500,000, adding $2,244 every year, while hoping to spend $32,619 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: 54/16/30 Blend
59$13,500,000$13,500,000$13,500,000$13,500,000
60$14,879,315$14,163,815$13,954,565$15,558,081
61$16,362,298$14,823,135$14,387,336$16,688,118
62$17,995,453$15,513,669$14,833,512$17,914,291
63$19,794,062$16,236,912$15,293,508$19,248,700
64$21,774,966$16,994,430$15,767,750$20,701,762
65$23,956,722$17,787,867$16,256,679$22,284,932
66$26,359,780$18,618,944$16,760,750$24,010,809
67$29,006,673$19,489,468$17,280,430$25,893,251
68$31,922,232$20,401,330$17,816,203$27,947,501
69$35,133,820$21,356,515$18,368,566$30,190,331
70$38,671,588$22,357,104$18,938,032$32,640,190
71$42,568,764$23,405,276$19,525,130$35,317,382
72$46,861,961$24,503,317$20,130,405$38,244,247
73$51,591,527$25,653,625$20,754,419$41,445,372
74$56,801,921$26,858,712$21,397,751$44,947,816
75$62,542,140$28,121,212$22,060,999$48,781,363
76$68,866,174$29,443,887$22,744,777$52,978,796
77$75,833,518$30,829,631$23,449,722$57,576,201
78$83,509,736$32,281,482$24,176,487$62,613,308
79$91,967,076$33,802,621$24,925,745$68,133,853
80$101,285,153$35,396,386$25,698,194$74,185,989
81$111,551,704$37,066,274$26,494,549$80,822,735
82$122,863,410$38,815,954$27,315,548$88,102,471
83$135,326,814$40,649,271$28,161,955$96,089,479
84$149,059,321$42,570,258$29,034,553$104,854,544
85$164,190,314$44,583,142$29,934,152$114,475,621
86$180,862,366$46,692,356$30,861,586$125,038,556
87$199,232,594$48,902,548$31,817,716$136,637,890
88$219,474,136$51,218,591$32,803,427$149,377,750
89$241,777,790$53,645,593$33,819,634$163,372,816
90$266,353,811$56,188,914$34,867,278$178,749,398
91$293,433,899$58,854,170$35,947,331$195,646,620
92$323,273,384$61,647,252$37,060,794$214,217,723
93$356,153,637$64,574,335$38,208,698$234,631,502
94$392,384,726$67,641,896$39,392,108$257,073,890
95$432,308,345$70,856,725$40,612,120$281,749,700
96$476,301,034$74,225,943$41,869,864$308,884,552
97$524,777,741$77,757,015$43,166,506$338,726,985
98$578,195,732$81,457,771$44,503,246$371,550,798
99$637,058,915$85,336,420$45,881,323$407,657,618
100$701,922,589$89,401,570$47,302,012$447,379,732