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

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,044,560
2 years$551,890$541,611$531,650$521,992$512,623$480,700
3 years$364,272$353,949$344,013$334,445$325,229$294,331
4 years$270,481$260,190$250,353$240,949$231,956$202,321
5 years$214,222$203,992$194,284$185,072$176,329$148,037
6 years$176,727$166,575$157,011$148,003$139,524$112,600
7 years$149,956$139,889$130,477$121,682$113,470$87,914
8 years$129,887$119,911$110,654$102,076$94,134$69,930
9 years$114,286$104,404$95,307$86,946$79,275$56,398
10 years$101,812$92,027$83,091$74,948$67,546$45,964
11 years$91,613$81,926$73,152$65,227$58,092$37,768
12 years$83,120$73,533$64,920$57,213$50,341$31,235
13 years$75,940$66,452$58,002$50,511$43,898$25,967
14 years$69,790$60,403$52,115$44,838$38,481$21,678
15 years$64,465$55,179$47,053$39,987$33,882$18,159
16 years$59,810$50,626$42,660$35,804$29,945$15,255
17 years$55,707$46,625$38,819$32,170$26,551$12,845
18 years$52,064$43,083$35,437$28,992$23,608$10,837
19 years$48,809$39,929$32,441$26,196$21,042$9,158
20 years$45,882$37,104$29,772$23,726$18,795$7,749
21 years$43,238$34,561$27,385$21,533$16,820$6,565
22 years$40,837$32,261$25,239$19,578$15,077$5,567
23 years$38,649$30,173$23,304$17,830$13,534$4,724
24 years$36,645$28,271$21,552$16,262$12,164$4,012
25 years$34,805$26,531$19,962$14,852$10,946$3,409
26 years$33,109$24,934$18,514$13,580$9,860$2,898
27 years$31,542$23,466$17,192$12,430$8,889$2,465
28 years$30,089$22,112$15,982$11,388$8,021$2,097
29 years$28,738$20,860$14,872$10,443$7,243$1,785
30 years$27,480$19,700$13,853$9,584$6,544$1,519
31 years$26,306$18,623$12,915$8,802$5,917$1,294
32 years$25,207$17,621$12,050$8,090$5,352$1,102
33 years$24,177$16,688$11,251$7,439$4,844$938
34 years$23,209$15,816$10,512$6,845$4,385$799
35 years$22,299$15,001$9,828$6,301$3,972$681
36 years$21,441$14,239$9,194$5,803$3,599$580
37 years$20,632$13,523$8,605$5,347$3,262$494
38 years$19,867$12,852$8,059$4,928$2,957$421
39 years$19,143$12,221$7,550$4,544$2,682$359
40 years$18,457$11,627$7,077$4,191$2,432$306
41 years$17,806$11,068$6,636$3,867$2,207$261
42 years$17,187$10,541$6,224$3,569$2,002$222
43 years$16,600$10,043$5,841$3,294$1,817$190
44 years$16,040$9,573$5,483$3,042$1,649$162
45 years$15,507$9,129$5,148$2,809$1,497$138
46 years$14,998$8,709$4,835$2,595$1,360$117
47 years$14,513$8,311$4,543$2,397$1,235$100
48 years$14,049$7,934$4,269$2,215$1,121$85
49 years$13,605$7,576$4,012$2,047$1,018$73
50 years$13,181$7,237$3,772$1,892$925$62

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 $2,684 every year, while hoping to spend $34,916 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: 72/5/23 Blend
59$13,500,000$13,500,000$13,500,000$13,500,000
60$14,879,769$14,164,269$13,955,019$15,866,066
61$16,360,355$14,821,167$14,385,361$17,180,908
62$17,990,790$15,509,084$14,828,950$18,616,183
63$19,786,323$16,229,501$15,286,192$20,187,406
64$21,763,755$16,983,974$15,757,507$21,908,090
65$23,941,601$17,774,132$16,243,326$23,793,113
66$26,340,262$18,601,682$16,744,096$25,858,858
67$28,982,221$19,468,416$17,260,275$28,123,366
68$31,892,249$20,376,210$17,792,336$30,606,504
69$35,097,647$21,327,033$18,340,767$33,330,152
70$38,628,495$22,322,946$18,906,071$36,318,404
71$42,517,942$23,366,111$19,488,765$39,597,800
72$46,802,518$24,458,796$20,089,384$43,197,569
73$51,522,474$25,603,376$20,708,478$47,149,904
74$56,722,168$26,802,343$21,346,614$51,490,264
75$62,450,479$28,058,308$22,004,375$56,257,711
76$68,761,272$29,374,009$22,682,366$61,495,267
77$75,713,902$30,752,316$23,381,205$67,250,327
78$83,373,778$32,196,237$24,101,534$73,575,099
79$91,812,978$33,708,928$24,844,010$80,527,096
80$101,110,933$35,293,696$25,609,315$88,169,673
81$111,355,168$36,954,008$26,398,148$96,572,629
82$122,642,140$38,693,499$27,211,231$105,812,856
83$135,078,139$40,515,981$28,049,307$115,975,066
84$148,780,294$42,425,449$28,913,144$127,152,588
85$163,877,681$44,426,092$29,803,531$139,448,241
86$180,512,538$46,522,304$30,721,283$152,975,308
87$198,841,609$48,718,690$31,667,238$167,858,598
88$219,037,624$51,020,077$32,642,262$184,235,619
89$241,290,930$53,431,528$33,647,245$202,257,878
90$265,811,284$55,958,352$34,683,107$222,092,302
91$292,829,837$58,606,114$35,750,793$243,922,813
92$322,601,315$61,380,649$36,851,280$267,952,059
93$355,406,424$64,288,075$37,985,573$294,403,321
94$391,554,497$67,334,808$39,154,707$323,522,622
95$431,386,416$70,527,574$40,359,750$355,581,038
96$475,277,832$73,873,427$41,601,803$390,877,256
97$523,642,708$77,379,762$42,882,001$429,740,390
98$576,937,227$81,054,333$44,201,510$472,533,077
99$635,664,100$84,905,271$45,561,537$519,654,902
100$700,377,311$88,941,102$46,963,321$571,546,161