Can I retire at age 60 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,057,487
2 years$560,066$549,635$539,526$529,725$520,218$485,308
3 years$369,668$359,193$349,109$339,400$330,048$296,294
4 years$274,488$264,045$254,062$244,518$235,393$203,054
5 years$217,395$207,014$197,163$187,814$178,942$148,105
6 years$179,346$169,043$159,337$150,196$141,591$112,281
7 years$152,178$141,962$132,410$123,484$115,151$87,366
8 years$131,811$121,687$112,294$103,588$95,529$69,250
9 years$115,979$105,951$96,719$88,234$80,449$55,645
10 years$103,321$93,390$84,321$76,059$68,547$45,180
11 years$92,971$83,140$74,235$66,194$58,952$36,981
12 years$84,352$74,622$65,882$58,061$51,087$30,463
13 years$77,065$67,437$58,861$51,259$44,549$25,222
14 years$70,824$61,298$52,887$45,502$39,051$20,968
15 years$65,420$55,997$47,750$40,580$34,384$17,491
16 years$60,696$51,376$43,292$36,335$30,388$14,630
17 years$56,533$47,315$39,394$32,647$26,945$12,265
18 years$52,836$43,721$35,962$29,421$23,958$10,301
19 years$49,532$40,521$32,921$26,584$21,354$8,666
20 years$46,562$37,654$30,214$24,077$19,074$7,299
21 years$43,878$35,073$27,791$21,852$17,069$6,155
22 years$41,442$32,739$25,613$19,868$15,300$5,195
23 years$39,221$30,620$23,649$18,094$13,734$4,388
24 years$37,188$28,689$21,872$16,503$12,345$3,709
25 years$35,321$26,924$20,258$15,072$11,108$3,136
26 years$33,600$25,304$18,788$13,781$10,006$2,653
27 years$32,009$23,814$17,446$12,614$9,021$2,246
28 years$30,534$22,440$16,219$11,557$8,140$1,901
29 years$29,164$21,169$15,093$10,598$7,350$1,610
30 years$27,887$19,992$14,058$9,726$6,641$1,364
31 years$26,695$18,899$13,106$8,933$6,004$1,156
32 years$25,580$17,882$12,228$8,210$5,431$979
33 years$24,535$16,935$11,418$7,549$4,915$830
34 years$23,553$16,051$10,668$6,946$4,450$704
35 years$22,629$15,224$9,974$6,394$4,031$596
36 years$21,759$14,449$9,330$5,889$3,652$506
37 years$20,937$13,724$8,733$5,426$3,310$429
38 years$20,161$13,042$8,178$5,001$3,001$363
39 years$19,426$12,402$7,662$4,611$2,721$308
40 years$18,730$11,800$7,182$4,253$2,468$261
41 years$18,070$11,232$6,734$3,924$2,239$222
42 years$17,442$10,697$6,317$3,622$2,032$188
43 years$16,845$10,192$5,927$3,343$1,844$159
44 years$16,278$9,715$5,564$3,087$1,674$135
45 years$15,736$9,264$5,224$2,851$1,520$115
46 years$15,220$8,838$4,907$2,633$1,380$97
47 years$14,728$8,434$4,610$2,433$1,253$82
48 years$14,257$8,051$4,332$2,248$1,138$70
49 years$13,807$7,689$4,072$2,078$1,033$59
50 years$13,376$7,344$3,828$1,920$939$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,700,000, adding $3,363 every year, while hoping to spend $35,409 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: 79/10/11 Blend
59$13,700,000$13,700,000$13,700,000$13,700,000
60$15,100,869$14,374,769$14,162,419$16,264,173
61$16,603,483$15,041,458$14,599,185$17,695,576
62$18,258,176$15,739,627$15,049,396$19,260,646
63$20,080,424$16,470,783$15,513,465$20,976,624
64$22,087,279$17,236,503$15,991,818$22,858,569
65$24,297,531$18,038,441$16,484,893$24,923,065
66$26,731,884$18,878,330$16,993,142$27,188,369
67$29,413,156$19,757,988$17,517,032$29,674,589
68$32,366,488$20,679,320$18,057,043$32,403,867
69$35,619,586$21,644,322$18,613,669$35,400,589
70$39,202,978$22,655,088$19,187,422$38,691,611
71$43,150,308$23,713,814$19,778,826$42,306,511
72$47,498,647$24,822,798$20,388,425$46,277,867
73$52,288,847$25,984,454$21,016,775$50,641,560
74$57,565,926$27,201,308$21,664,454$55,437,112
75$63,379,491$28,476,013$22,332,053$60,708,056
76$69,784,208$29,811,346$23,020,186$66,502,345
77$76,840,315$31,210,220$23,729,480$72,872,798
78$84,614,197$32,675,691$24,460,587$79,877,601
79$93,179,004$34,210,958$25,214,176$87,580,851
80$102,615,347$35,819,380$25,990,935$96,053,157
81$113,012,058$37,504,475$26,791,577$105,372,303
82$124,467,026$39,269,933$27,616,834$115,623,983
83$137,088,125$41,119,622$28,467,460$126,902,598
84$150,994,229$43,057,598$29,344,234$139,312,152
85$166,316,332$45,088,113$30,247,959$152,967,226
86$183,198,793$47,215,625$31,179,460$167,994,055
87$201,800,687$49,444,808$32,139,589$184,531,716
88$222,297,317$51,780,563$33,129,225$202,733,436
89$244,881,861$54,228,028$34,149,272$222,768,036
90$269,767,200$56,792,591$35,200,662$244,821,517
91$297,187,927$59,479,900$36,284,356$269,098,812
92$327,402,559$62,295,879$37,401,346$295,825,715
93$360,695,979$65,246,736$38,552,650$325,251,009
94$397,382,127$68,338,984$39,739,321$357,648,804
95$437,806,959$71,579,449$40,962,444$393,321,124
96$482,351,717$74,975,291$42,223,134$432,600,749
97$531,436,527$78,534,015$43,522,544$475,854,350
98$585,524,363$82,263,491$44,861,859$523,485,943
99$645,125,419$86,171,974$46,242,303$575,940,700
100$710,801,927$90,268,115$47,665,135$633,709,138