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%13%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,070,931
2 years$555,978$545,623$535,588$525,858$516,421$502,785
3 years$366,970$356,571$346,561$336,922$327,638$314,342
4 years$272,485$262,117$252,208$242,734$233,674$220,820
5 years$215,808$205,503$195,723$186,443$177,636$165,260
6 years$178,036$167,809$158,174$149,100$140,557$128,676
7 years$151,067$140,926$131,443$122,583$114,310$102,928
8 years$130,849$120,799$111,474$102,832$94,832$83,947
9 years$115,133$105,177$96,013$87,590$79,862$69,470
10 years$102,567$92,709$83,706$75,503$68,046$58,140
11 years$92,292$82,533$73,693$65,711$58,522$49,093
12 years$83,736$74,077$65,401$57,637$50,714$41,751
13 years$76,502$66,944$58,431$50,885$44,224$35,716
14 years$70,307$60,850$52,501$45,170$38,766$30,701
15 years$64,942$55,588$47,401$40,284$34,133$26,497
16 years$60,253$51,001$42,976$36,070$30,167$22,946
17 years$56,120$46,970$39,107$32,408$26,748$19,928
18 years$52,450$43,402$35,699$29,206$23,783$17,350
19 years$49,170$40,225$32,681$26,390$21,198$15,137
20 years$46,222$37,379$29,993$23,902$18,935$13,230
21 years$43,558$34,817$27,588$21,692$16,944$11,581
22 years$41,140$32,500$25,426$19,723$15,188$10,152
23 years$38,935$30,397$23,477$17,962$13,634$8,909
24 years$36,917$28,480$21,712$16,383$12,254$7,827
25 years$35,063$26,727$20,110$14,962$11,027$6,882
26 years$33,354$25,119$18,651$13,680$9,933$6,056
27 years$31,775$23,640$17,319$12,522$8,955$5,332
28 years$30,311$22,276$16,100$11,473$8,080$4,698
29 years$28,951$21,015$14,983$10,521$7,296$4,142
30 years$27,684$19,846$13,956$9,655$6,593$3,653
31 years$26,500$18,761$13,010$8,868$5,961$3,223
32 years$25,393$17,752$12,139$8,150$5,392$2,844
33 years$24,356$16,811$11,334$7,494$4,880$2,511
34 years$23,381$15,933$10,590$6,895$4,418$2,218
35 years$22,464$15,113$9,901$6,348$4,001$1,959
36 years$21,600$14,344$9,262$5,846$3,625$1,731
37 years$20,785$13,624$8,669$5,386$3,286$1,529
38 years$20,014$12,947$8,118$4,965$2,979$1,352
39 years$19,284$12,311$7,606$4,578$2,701$1,195
40 years$18,593$11,713$7,129$4,222$2,450$1,056
41 years$17,938$11,150$6,685$3,896$2,223$934
42 years$17,315$10,619$6,271$3,595$2,017$826
43 years$16,723$10,118$5,884$3,319$1,831$730
44 years$16,159$9,644$5,523$3,064$1,662$646
45 years$15,622$9,197$5,186$2,830$1,509$571
46 years$15,109$8,773$4,871$2,614$1,370$505
47 years$14,620$8,372$4,576$2,415$1,244$447
48 years$14,153$7,993$4,300$2,232$1,129$396
49 years$13,706$7,632$4,042$2,062$1,026$350
50 years$13,278$7,291$3,800$1,906$932$310

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 $3,397 every year, while hoping to spend $23,365 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: 67/28/5 Blend
59$13,600,000$13,600,000$13,600,000$13,600,000
60$14,990,704$14,269,904$14,059,104$15,985,803
61$16,494,896$14,944,269$14,505,224$17,319,911
62$18,151,732$15,650,895$14,965,506$18,774,620
63$19,976,757$16,391,338$15,440,399$20,364,200
64$21,987,102$17,167,229$15,930,368$22,101,802
65$24,201,643$17,980,280$16,435,892$24,001,890
66$26,641,180$18,832,283$16,957,464$26,080,375
67$29,328,636$19,725,120$17,495,594$28,354,760
68$32,289,269$20,660,763$18,050,809$30,844,300
69$35,550,914$21,641,280$18,623,650$33,570,183
70$39,144,242$22,668,838$19,214,678$36,555,721
71$43,103,055$23,745,711$19,824,470$39,826,568
72$47,464,599$24,874,284$20,453,622$43,410,956
73$52,269,919$26,057,054$21,102,749$47,339,955
74$57,564,246$27,296,645$21,772,486$51,647,764
75$63,397,422$28,595,803$22,463,487$56,372,026
76$69,824,373$29,957,411$23,176,428$61,554,175
77$76,905,626$31,384,492$23,912,005$67,239,824
78$84,707,880$32,880,212$24,670,938$73,479,190
79$93,304,638$34,447,897$25,453,968$80,327,554
80$102,776,896$36,091,029$26,261,861$87,845,785
81$113,213,913$37,813,263$27,095,407$96,100,898
82$124,714,050$39,618,431$27,955,421$105,166,686
83$137,385,699$41,510,549$28,842,743$115,124,403
84$151,348,306$43,493,833$29,758,242$126,063,522
85$166,733,502$45,572,699$30,702,811$138,082,577
86$183,686,339$47,751,780$31,677,375$151,290,073
87$202,366,665$50,035,937$32,682,886$165,805,509
88$222,950,630$52,430,263$33,720,328$181,760,492
89$245,632,350$54,940,103$34,790,715$199,299,967
90$270,625,740$57,571,058$35,895,094$218,583,576
91$298,166,531$60,329,004$37,034,545$239,787,150
92$328,514,496$63,220,105$38,210,182$263,104,358
93$361,955,906$66,250,822$39,423,154$288,748,523
94$398,806,227$69,427,931$40,674,649$316,954,617
95$439,413,102$72,758,539$41,965,889$347,981,470
96$484,159,630$76,250,099$43,298,138$382,114,195
97$533,467,985$79,910,426$44,672,698$419,666,862
98$587,803,401$83,747,719$46,090,915$460,985,449
99$647,678,562$87,770,571$47,554,175$506,451,088
100$713,658,445$91,987,998$49,063,909$556,483,646