Can I retire at age 60 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,041,455
2 years$555,978$545,623$535,588$525,858$516,421$473,604
3 years$366,970$356,571$346,561$336,922$327,638$286,381
4 years$272,485$262,117$252,208$242,734$233,674$194,291
5 years$215,808$205,503$195,723$186,443$177,636$140,226
6 years$178,036$167,809$158,174$149,100$140,557$105,145
7 years$151,067$140,926$131,443$122,583$114,310$80,883
8 years$130,849$120,799$111,474$102,832$94,832$63,355
9 years$115,133$105,177$96,013$87,590$79,862$50,289
10 years$102,567$92,709$83,706$75,503$68,046$40,318
11 years$92,292$82,533$73,693$65,711$58,522$32,575
12 years$83,736$74,077$65,401$57,637$50,714$26,478
13 years$76,502$66,944$58,431$50,885$44,224$21,625
14 years$70,307$60,850$52,501$45,170$38,766$17,728
15 years$64,942$55,588$47,401$40,284$34,133$14,579
16 years$60,253$51,001$42,976$36,070$30,167$12,019
17 years$56,120$46,970$39,107$32,408$26,748$9,929
18 years$52,450$43,402$35,699$29,206$23,783$8,215
19 years$49,170$40,225$32,681$26,390$21,198$6,807
20 years$46,222$37,379$29,993$23,902$18,935$5,647
21 years$43,558$34,817$27,588$21,692$16,944$4,688
22 years$41,140$32,500$25,426$19,723$15,188$3,895
23 years$38,935$30,397$23,477$17,962$13,634$3,239
24 years$36,917$28,480$21,712$16,383$12,254$2,694
25 years$35,063$26,727$20,110$14,962$11,027$2,242
26 years$33,354$25,119$18,651$13,680$9,933$1,867
27 years$31,775$23,640$17,319$12,522$8,955$1,555
28 years$30,311$22,276$16,100$11,473$8,080$1,295
29 years$28,951$21,015$14,983$10,521$7,296$1,079
30 years$27,684$19,846$13,956$9,655$6,593$899
31 years$26,500$18,761$13,010$8,868$5,961$749
32 years$25,393$17,752$12,139$8,150$5,392$625
33 years$24,356$16,811$11,334$7,494$4,880$521
34 years$23,381$15,933$10,590$6,895$4,418$434
35 years$22,464$15,113$9,901$6,348$4,001$362
36 years$21,600$14,344$9,262$5,846$3,625$302
37 years$20,785$13,624$8,669$5,386$3,286$252
38 years$20,014$12,947$8,118$4,965$2,979$210
39 years$19,284$12,311$7,606$4,578$2,701$175
40 years$18,593$11,713$7,129$4,222$2,450$146
41 years$17,938$11,150$6,685$3,896$2,223$122
42 years$17,315$10,619$6,271$3,595$2,017$101
43 years$16,723$10,118$5,884$3,319$1,831$85
44 years$16,159$9,644$5,523$3,064$1,662$71
45 years$15,622$9,197$5,186$2,830$1,509$59
46 years$15,109$8,773$4,871$2,614$1,370$49
47 years$14,620$8,372$4,576$2,415$1,244$41
48 years$14,153$7,993$4,300$2,232$1,129$34
49 years$13,706$7,632$4,042$2,062$1,026$28
50 years$13,278$7,291$3,800$1,906$932$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,600,000, adding $2,739 every year, while hoping to spend $22,221 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: 46/25/29 Blend
59$13,600,000$13,600,000$13,600,000$13,600,000
60$14,990,025$14,269,225$14,058,425$15,554,174
61$16,495,365$14,944,774$14,505,740$16,630,314
62$18,153,504$15,652,681$14,967,294$17,794,892
63$19,980,006$16,394,506$15,443,543$19,058,118
64$21,992,018$17,171,888$15,934,953$20,429,253
65$24,208,438$17,986,545$16,442,008$21,918,473
66$26,650,090$18,840,277$16,965,206$23,536,955
67$29,339,921$19,734,972$17,505,062$25,296,981
68$32,303,217$20,672,610$18,062,106$27,212,047
69$35,567,844$21,655,267$18,636,886$29,296,987
70$39,164,509$22,685,120$19,229,966$31,568,108
71$43,127,049$23,764,451$19,841,930$34,043,336
72$47,492,753$24,895,653$20,473,379$36,742,381
73$52,302,710$26,081,237$21,124,934$39,686,917
74$57,602,203$27,323,834$21,797,236$42,900,780
75$63,441,130$28,626,204$22,490,945$46,410,187
76$69,874,477$29,991,240$23,206,744$50,243,975
77$76,962,840$31,421,977$23,945,336$54,433,868
78$84,772,992$32,921,597$24,707,448$59,014,766
79$93,378,519$34,493,436$25,493,829$64,025,071
80$102,860,507$36,140,994$26,305,252$69,507,038
81$113,308,316$37,867,940$27,142,515$75,507,166
82$124,820,416$39,678,121$28,006,441$82,076,627
83$137,505,323$41,575,573$28,897,881$89,271,743
84$151,482,616$43,564,527$29,817,710$97,154,503
85$166,884,073$45,649,419$30,766,834$105,793,144
86$183,854,911$47,834,903$31,746,185$115,262,779
87$202,555,158$50,125,859$32,756,728$125,646,098
88$223,161,162$52,527,403$33,799,456$137,034,134
89$245,867,257$55,044,903$34,875,395$149,527,116
90$270,887,599$57,683,986$35,985,603$163,235,395
91$298,458,186$60,450,552$37,131,172$178,280,480
92$328,839,084$63,350,792$38,313,229$194,796,163
93$362,316,886$66,391,196$39,532,937$212,929,775
94$399,207,414$69,578,571$40,791,497$232,843,558
95$439,858,704$72,920,054$42,090,145$254,716,181
96$484,654,287$76,423,132$43,430,161$278,744,410
97$534,016,815$80,095,656$44,812,861$305,144,951
98$588,412,046$83,945,860$46,239,608$334,156,471
99$648,353,244$87,982,376$47,711,805$366,041,841
100$714,406,024$92,214,262$49,230,900$401,090,590