Can I retire at age 60 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,069,063
2 years$564,154$553,647$543,464$533,591$524,015$492,656
3 years$372,367$361,815$351,657$341,877$332,457$302,089
4 years$276,492$265,972$255,917$246,303$237,111$207,968
5 years$218,982$208,525$198,602$189,185$180,248$152,410
6 years$180,655$170,277$160,500$151,292$142,624$116,116
7 years$153,289$142,998$133,376$124,386$115,992$90,814
8 years$132,774$122,576$113,113$104,344$96,226$72,365
9 years$116,826$106,724$97,425$88,878$81,036$58,468
10 years$104,075$94,072$84,937$76,614$69,047$47,741
11 years$93,649$83,747$74,777$66,677$59,383$39,304
12 years$84,967$75,167$66,363$58,485$51,460$32,570
13 years$77,627$67,929$59,291$51,633$44,874$27,131
14 years$71,341$61,745$53,273$45,834$39,336$22,696
15 years$65,897$56,405$48,098$40,876$34,635$19,053
16 years$61,139$51,751$43,608$36,600$30,610$16,040
17 years$56,945$47,661$39,682$32,885$27,141$13,536
18 years$53,221$44,041$36,224$29,636$24,133$11,445
19 years$49,893$40,816$33,162$26,779$21,510$9,694
20 years$46,902$37,929$30,434$24,253$19,213$8,221
21 years$44,199$35,329$27,994$22,011$17,194$6,981
22 years$41,745$32,978$25,800$20,013$15,412$5,934
23 years$39,507$30,844$23,822$18,226$13,834$5,047
24 years$37,460$28,899$22,031$16,624$12,435$4,297
25 years$35,579$27,120$20,405$15,182$11,189$3,660
26 years$33,845$25,489$18,925$13,881$10,079$3,119
27 years$32,243$23,988$17,574$12,706$9,087$2,659
28 years$30,757$22,603$16,337$11,641$8,199$2,268
29 years$29,377$21,324$15,203$10,675$7,404$1,935
30 years$28,091$20,138$14,161$9,797$6,690$1,651
31 years$26,890$19,037$13,202$8,998$6,048$1,409
32 years$25,767$18,013$12,318$8,269$5,471$1,203
33 years$24,714$17,059$11,501$7,604$4,951$1,027
34 years$23,725$16,168$10,746$6,997$4,483$877
35 years$22,794$15,335$10,047$6,441$4,060$749
36 years$21,918$14,555$9,398$5,932$3,679$640
37 years$21,090$13,824$8,797$5,465$3,334$547
38 years$20,308$13,138$8,238$5,038$3,023$467
39 years$19,568$12,493$7,718$4,645$2,741$399
40 years$18,867$11,886$7,234$4,284$2,486$341
41 years$18,201$11,314$6,783$3,953$2,256$291
42 years$17,569$10,775$6,363$3,648$2,047$249
43 years$16,968$10,266$5,971$3,367$1,858$213
44 years$16,396$9,786$5,604$3,109$1,686$182
45 years$15,851$9,332$5,262$2,872$1,531$155
46 years$15,331$8,902$4,943$2,652$1,390$133
47 years$14,835$8,496$4,643$2,451$1,262$113
48 years$14,361$8,110$4,364$2,264$1,146$97
49 years$13,908$7,745$4,101$2,093$1,041$83
50 years$13,474$7,398$3,856$1,934$945$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,800,000, adding $6,900 every year, while hoping to spend $30,167 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: 23/50/27 Blend
59$13,800,000$13,800,000$13,800,000$13,800,000
60$15,214,717$14,483,317$14,269,417$15,434,226
61$16,734,521$15,160,902$14,715,345$16,301,498
62$18,408,334$15,870,678$15,175,201$17,226,398
63$20,251,832$16,614,190$15,649,419$18,216,011
64$22,282,292$17,393,058$16,138,447$19,275,690
65$24,518,749$18,208,981$16,642,748$20,411,280
66$26,982,180$19,063,740$17,162,799$21,629,164
67$29,695,700$19,959,201$17,699,090$22,936,319
68$32,684,781$20,897,322$18,252,130$24,340,369
69$35,977,493$21,880,154$18,822,440$25,849,649
70$39,604,765$22,909,850$19,410,560$27,473,278
71$43,600,682$23,988,664$20,017,045$29,221,234
72$48,002,805$25,118,961$20,642,468$31,104,437
73$52,852,521$26,303,220$21,287,422$33,134,842
74$58,195,442$27,544,042$21,952,514$35,325,544
75$64,081,828$28,844,150$22,638,374$37,690,886
76$70,567,064$30,206,403$23,345,649$40,246,587
77$77,712,184$31,633,797$24,075,008$43,009,872
78$85,584,446$33,129,472$24,827,139$45,999,630
79$94,257,965$34,696,722$25,602,754$49,236,573
80$103,814,416$36,339,000$26,402,586$52,743,415
81$114,343,803$38,059,927$27,227,389$56,545,081
82$125,945,308$39,863,300$28,077,943$60,668,917
83$138,728,226$41,753,099$28,955,051$65,144,939
84$152,813,002$43,733,497$29,859,542$70,006,093
85$168,332,361$45,808,872$30,792,270$75,288,554
86$185,432,567$47,983,812$31,754,116$81,032,048
87$204,274,799$50,263,128$32,745,988$87,280,204
88$225,036,673$52,651,867$33,768,824$94,080,948
89$247,913,923$55,155,318$34,823,589$101,486,936
90$273,122,243$57,779,028$35,911,279$109,556,024
91$300,899,326$60,528,815$37,032,921$118,351,797
92$331,507,108$63,410,777$38,189,575$127,944,140
93$365,234,240$66,431,312$39,382,332$138,409,872
94$402,398,811$69,597,125$40,612,318$149,833,451
95$443,351,355$72,915,249$41,880,696$162,307,733
96$488,478,156$76,393,059$43,188,662$175,934,830
97$538,204,896$80,038,288$44,537,452$190,827,036
98$593,000,677$83,859,045$45,928,337$207,107,858
99$653,382,442$87,863,834$47,362,632$224,913,146
100$719,919,861$92,061,572$48,841,691$244,392,346