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

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,076,296
2 years$555,978$545,623$535,588$525,858$516,421$508,166
3 years$366,970$356,571$346,561$336,922$327,638$319,572
4 years$272,485$262,117$252,208$242,734$233,674$225,859
5 years$215,808$205,503$195,723$186,443$177,636$170,094
6 years$178,036$167,809$158,174$149,100$140,557$133,299
7 years$151,067$140,926$131,443$122,583$114,310$107,339
8 years$130,849$120,799$111,474$102,832$94,832$88,147
9 years$115,133$105,177$96,013$87,590$79,862$73,462
10 years$102,567$92,709$83,706$75,503$68,046$61,928
11 years$92,292$82,533$73,693$65,711$58,522$52,680
12 years$83,736$74,077$65,401$57,637$50,714$45,144
13 years$76,502$66,944$58,431$50,885$44,224$38,919
14 years$70,307$60,850$52,501$45,170$38,766$33,720
15 years$64,942$55,588$47,401$40,284$34,133$29,339
16 years$60,253$51,001$42,976$36,070$30,167$25,618
17 years$56,120$46,970$39,107$32,408$26,748$22,436
18 years$52,450$43,402$35,699$29,206$23,783$19,701
19 years$49,170$40,225$32,681$26,390$21,198$17,338
20 years$46,222$37,379$29,993$23,902$18,935$15,288
21 years$43,558$34,817$27,588$21,692$16,944$13,503
22 years$41,140$32,500$25,426$19,723$15,188$11,943
23 years$38,935$30,397$23,477$17,962$13,634$10,578
24 years$36,917$28,480$21,712$16,383$12,254$9,379
25 years$35,063$26,727$20,110$14,962$11,027$8,324
26 years$33,354$25,119$18,651$13,680$9,933$7,394
27 years$31,775$23,640$17,319$12,522$8,955$6,574
28 years$30,311$22,276$16,100$11,473$8,080$5,848
29 years$28,951$21,015$14,983$10,521$7,296$5,205
30 years$27,684$19,846$13,956$9,655$6,593$4,636
31 years$26,500$18,761$13,010$8,868$5,961$4,131
32 years$25,393$17,752$12,139$8,150$5,392$3,682
33 years$24,356$16,811$11,334$7,494$4,880$3,283
34 years$23,381$15,933$10,590$6,895$4,418$2,929
35 years$22,464$15,113$9,901$6,348$4,001$2,613
36 years$21,600$14,344$9,262$5,846$3,625$2,332
37 years$20,785$13,624$8,669$5,386$3,286$2,082
38 years$20,014$12,947$8,118$4,965$2,979$1,859
39 years$19,284$12,311$7,606$4,578$2,701$1,660
40 years$18,593$11,713$7,129$4,222$2,450$1,483
41 years$17,938$11,150$6,685$3,896$2,223$1,325
42 years$17,315$10,619$6,271$3,595$2,017$1,184
43 years$16,723$10,118$5,884$3,319$1,831$1,058
44 years$16,159$9,644$5,523$3,064$1,662$945
45 years$15,622$9,197$5,186$2,830$1,509$845
46 years$15,109$8,773$4,871$2,614$1,370$755
47 years$14,620$8,372$4,576$2,415$1,244$675
48 years$14,153$7,993$4,300$2,232$1,129$603
49 years$13,706$7,632$4,042$2,062$1,026$540
50 years$13,278$7,291$3,800$1,906$932$482

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 $4,728 every year, while hoping to spend $40,098 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: 56/37/7 Blend
59$13,600,000$13,600,000$13,600,000$13,600,000
60$14,992,077$14,271,277$14,060,477$15,807,848
61$16,478,605$14,927,906$14,488,839$17,014,750
62$18,115,415$15,615,365$14,930,207$18,323,717
63$19,917,793$16,335,124$15,384,975$19,748,368
64$21,902,584$17,088,721$15,853,548$21,299,726
65$24,088,348$17,877,769$16,336,342$22,989,900
66$26,495,539$18,703,959$16,833,790$24,832,201
67$29,146,695$19,569,064$17,346,332$26,841,257
68$32,066,649$20,474,939$17,874,425$29,033,147
69$35,282,769$21,423,533$18,418,540$31,425,550
70$38,825,210$22,416,885$18,979,161$34,037,903
71$42,727,205$23,457,136$19,556,785$36,891,580
72$47,025,370$24,546,525$20,151,928$40,010,087
73$51,760,057$25,687,405$20,765,117$43,419,274
74$56,975,733$26,882,238$21,396,898$47,147,580
75$62,721,396$28,133,606$22,047,833$51,226,286
76$69,051,043$29,444,217$22,718,500$55,689,805
77$76,024,173$30,816,907$23,409,493$60,576,001
78$83,706,356$32,254,653$24,121,428$65,926,538
79$92,169,844$33,760,570$24,854,936$71,787,260
80$101,494,259$35,337,929$25,610,667$78,208,619
81$111,767,342$36,990,156$26,389,293$85,246,140
82$123,085,780$38,720,843$27,191,504$92,960,936
83$135,556,121$40,533,757$28,018,011$101,420,273
84$149,295,779$42,432,844$28,869,548$110,698,194
85$164,434,139$44,422,244$29,746,868$120,876,207
86$181,113,782$46,506,295$30,650,749$132,044,042
87$199,491,831$48,689,547$31,581,993$144,300,487
88$219,741,431$50,976,768$32,541,423$157,754,302
89$242,053,386$53,372,958$33,529,889$172,525,240
90$266,637,957$55,883,358$34,548,266$188,745,156
91$293,726,850$58,513,465$35,597,455$206,559,237
92$323,575,404$61,269,039$36,678,384$226,127,362
93$356,464,995$64,156,122$37,792,010$247,625,587
94$392,705,698$67,181,046$38,939,316$271,247,797
95$432,639,213$70,350,451$40,121,317$297,207,512
96$476,642,090$73,671,300$41,339,058$325,739,884
97$525,129,280$77,150,891$42,593,614$357,103,902
98$578,558,059$80,796,877$43,886,092$391,584,810
99$637,432,340$84,617,283$45,217,635$429,496,780
100$702,307,431$88,620,522$46,589,418$471,185,853