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%18%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,057,064
2 years$560,066$549,635$539,526$529,725$520,218$484,892
3 years$369,668$359,193$349,109$339,400$330,048$295,897
4 years$274,488$264,045$254,062$244,518$235,393$202,680
5 years$217,395$207,014$197,163$187,814$178,942$147,754
6 years$179,346$169,043$159,337$150,196$141,591$111,954
7 years$152,178$141,962$132,410$123,484$115,151$87,062
8 years$131,811$121,687$112,294$103,588$95,529$68,967
9 years$115,979$105,951$96,719$88,234$80,449$55,385
10 years$103,321$93,390$84,321$76,059$68,547$44,941
11 years$92,971$83,140$74,235$66,194$58,952$36,761
12 years$84,352$74,622$65,882$58,061$51,087$30,261
13 years$77,065$67,437$58,861$51,259$44,549$25,038
14 years$70,824$61,298$52,887$45,502$39,051$20,801
15 years$65,420$55,997$47,750$40,580$34,384$17,339
16 years$60,696$51,376$43,292$36,335$30,388$14,492
17 years$56,533$47,315$39,394$32,647$26,945$12,141
18 years$52,836$43,721$35,962$29,421$23,958$10,190
19 years$49,532$40,521$32,921$26,584$21,354$8,565
20 years$46,562$37,654$30,214$24,077$19,074$7,209
21 years$43,878$35,073$27,791$21,852$17,069$6,074
22 years$41,442$32,739$25,613$19,868$15,300$5,123
23 years$39,221$30,620$23,649$18,094$13,734$4,324
24 years$37,188$28,689$21,872$16,503$12,345$3,651
25 years$35,321$26,924$20,258$15,072$11,108$3,085
26 years$33,600$25,304$18,788$13,781$10,006$2,608
27 years$32,009$23,814$17,446$12,614$9,021$2,206
28 years$30,534$22,440$16,219$11,557$8,140$1,866
29 years$29,164$21,169$15,093$10,598$7,350$1,579
30 years$27,887$19,992$14,058$9,726$6,641$1,336
31 years$26,695$18,899$13,106$8,933$6,004$1,131
32 years$25,580$17,882$12,228$8,210$5,431$958
33 years$24,535$16,935$11,418$7,549$4,915$811
34 years$23,553$16,051$10,668$6,946$4,450$687
35 years$22,629$15,224$9,974$6,394$4,031$582
36 years$21,759$14,449$9,330$5,889$3,652$493
37 years$20,937$13,724$8,733$5,426$3,310$418
38 years$20,161$13,042$8,178$5,001$3,001$354
39 years$19,426$12,402$7,662$4,611$2,721$300
40 years$18,730$11,800$7,182$4,253$2,468$254
41 years$18,070$11,232$6,734$3,924$2,239$215
42 years$17,442$10,697$6,317$3,622$2,032$182
43 years$16,845$10,192$5,927$3,343$1,844$154
44 years$16,278$9,715$5,564$3,087$1,674$131
45 years$15,736$9,264$5,224$2,851$1,520$111
46 years$15,220$8,838$4,907$2,633$1,380$94
47 years$14,728$8,434$4,610$2,433$1,253$80
48 years$14,257$8,051$4,332$2,248$1,138$67
49 years$13,807$7,689$4,072$2,078$1,033$57
50 years$13,376$7,344$3,828$1,920$939$48

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 $3,916 every year, while hoping to spend $45,116 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: 49/22/29 Blend
59$13,700,000$13,700,000$13,700,000$13,700,000
60$15,101,439$14,375,339$14,162,989$15,716,592
61$16,593,783$15,031,728$14,589,446$16,805,392
62$18,236,834$15,718,767$15,028,678$17,982,912
63$20,045,916$16,437,912$15,481,064$19,261,442
64$22,037,916$17,190,686$15,946,995$20,650,567
65$24,231,440$17,978,686$16,426,876$22,160,825
66$26,646,991$18,803,587$16,921,122$23,803,799
67$29,307,164$19,667,142$17,430,158$25,592,220
68$32,236,852$20,571,190$17,954,427$27,540,089
69$35,463,490$21,517,657$18,494,379$29,662,799
70$39,017,307$22,508,563$19,050,482$31,977,279
71$42,931,615$23,546,025$19,623,215$34,502,150
72$47,243,120$24,632,261$20,213,073$37,257,893
73$51,992,272$25,769,595$20,820,564$40,267,038
74$57,223,643$26,960,464$21,446,213$43,554,373
75$62,986,351$28,207,424$22,090,558$47,147,173
76$69,334,521$29,513,150$22,754,154$51,075,447
77$76,327,797$30,880,449$23,437,572$55,372,222
78$84,031,903$32,312,262$24,141,402$60,073,843
79$92,519,266$33,811,671$24,866,248$65,220,310
80$101,869,698$35,381,910$25,612,734$70,855,655
81$112,171,147$37,026,364$26,381,501$77,028,343
82$123,520,534$38,748,585$27,173,210$83,791,723
83$136,024,657$40,552,294$27,988,541$91,204,531
84$149,801,209$42,441,394$28,828,195$99,331,428
85$164,979,883$44,419,973$29,692,890$108,243,605
86$181,703,600$46,492,320$30,583,371$118,019,448
87$200,129,852$48,662,929$31,500,398$128,745,267
88$220,432,195$50,936,511$32,444,760$140,516,102
89$242,801,884$53,318,005$33,417,264$153,436,608
90$267,449,678$55,812,588$34,418,744$167,622,036
91$294,607,829$58,425,690$35,450,057$183,199,308
92$324,532,278$61,162,999$36,512,084$200,308,204
93$357,505,066$64,030,482$37,605,734$219,102,670
94$393,836,999$67,034,391$38,731,943$239,752,258
95$433,870,581$70,181,285$39,891,671$262,443,716
96$477,983,248$73,478,036$41,085,910$287,382,736
97$526,590,931$76,931,850$42,315,679$314,795,879
98$580,151,978$80,550,283$43,582,026$344,932,704
99$639,171,489$84,341,256$44,886,033$378,068,106
100$704,206,076$88,313,073$46,228,810$414,504,895