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%15.6%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,075,139
2 years$564,154$553,647$543,464$533,591$524,015$498,673
3 years$372,367$361,815$351,657$341,877$332,457$307,857
4 years$276,492$265,972$255,917$246,303$237,111$213,442
5 years$218,982$208,525$198,602$189,185$180,248$157,577
6 years$180,655$170,277$160,500$151,292$142,624$120,975
7 years$153,289$142,998$133,376$124,386$115,992$95,367
8 years$132,774$122,576$113,113$104,344$96,226$76,618
9 years$116,826$106,724$97,425$88,878$81,036$62,430
10 years$104,075$94,072$84,937$76,614$69,047$51,422
11 years$93,649$83,747$74,777$66,677$59,383$42,716
12 years$84,967$75,167$66,363$58,485$51,460$35,723
13 years$77,627$67,929$59,291$51,633$44,874$30,039
14 years$71,341$61,745$53,273$45,834$39,336$25,372
15 years$65,897$56,405$48,098$40,876$34,635$21,509
16 years$61,139$51,751$43,608$36,600$30,610$18,290
17 years$56,945$47,661$39,682$32,885$27,141$15,592
18 years$53,221$44,041$36,224$29,636$24,133$13,321
19 years$49,893$40,816$33,162$26,779$21,510$11,401
20 years$46,902$37,929$30,434$24,253$19,213$9,773
21 years$44,199$35,329$27,994$22,011$17,194$8,388
22 years$41,745$32,978$25,800$20,013$15,412$7,208
23 years$39,507$30,844$23,822$18,226$13,834$6,199
24 years$37,460$28,899$22,031$16,624$12,435$5,336
25 years$35,579$27,120$20,405$15,182$11,189$4,596
26 years$33,845$25,489$18,925$13,881$10,079$3,961
27 years$32,243$23,988$17,574$12,706$9,087$3,416
28 years$30,757$22,603$16,337$11,641$8,199$2,947
29 years$29,377$21,324$15,203$10,675$7,404$2,543
30 years$28,091$20,138$14,161$9,797$6,690$2,195
31 years$26,890$19,037$13,202$8,998$6,048$1,896
32 years$25,767$18,013$12,318$8,269$5,471$1,637
33 years$24,714$17,059$11,501$7,604$4,951$1,415
34 years$23,725$16,168$10,746$6,997$4,483$1,222
35 years$22,794$15,335$10,047$6,441$4,060$1,056
36 years$21,918$14,555$9,398$5,932$3,679$913
37 years$21,090$13,824$8,797$5,465$3,334$789
38 years$20,308$13,138$8,238$5,038$3,023$682
39 years$19,568$12,493$7,718$4,645$2,741$590
40 years$18,867$11,886$7,234$4,284$2,486$510
41 years$18,201$11,314$6,783$3,953$2,256$441
42 years$17,569$10,775$6,363$3,648$2,047$381
43 years$16,968$10,266$5,971$3,367$1,858$330
44 years$16,396$9,786$5,604$3,109$1,686$285
45 years$15,851$9,332$5,262$2,872$1,531$247
46 years$15,331$8,902$4,943$2,652$1,390$213
47 years$14,835$8,496$4,643$2,451$1,262$185
48 years$14,361$8,110$4,364$2,264$1,146$160
49 years$13,908$7,745$4,101$2,093$1,041$138
50 years$13,474$7,398$3,856$1,934$945$119

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 $3,739 every year, while hoping to spend $47,119 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: 48/44/8 Blend
59$13,800,000$13,800,000$13,800,000$13,800,000
60$15,211,457$14,480,057$14,266,157$15,908,911
61$16,712,891$15,139,445$14,693,939$17,046,778
62$18,365,893$15,829,565$15,134,472$18,276,220
63$20,185,871$16,551,871$15,588,135$19,609,932
64$22,189,807$17,307,890$16,055,314$21,057,631
65$24,396,412$18,099,220$16,536,411$22,629,987
66$26,826,302$18,927,538$17,031,837$24,338,713
67$29,502,197$19,794,600$17,542,016$26,196,672
68$32,449,131$20,702,245$18,067,384$28,217,991
69$35,694,690$21,652,403$18,608,389$30,418,191
70$39,269,272$22,647,095$19,165,493$32,814,321
71$43,206,374$23,688,438$19,739,174$35,425,118
72$47,542,906$24,778,654$20,329,919$38,271,171
73$52,319,544$25,920,070$20,938,232$41,375,111
74$57,581,108$27,115,123$21,564,633$44,761,815
75$63,376,987$28,366,371$22,209,655$48,458,633
76$69,761,609$29,676,492$22,873,847$52,495,636
77$76,794,947$31,048,294$23,557,775$56,905,890
78$84,543,092$32,484,721$24,262,021$61,725,763
79$93,078,872$33,988,856$24,987,183$66,995,250
80$102,482,541$35,563,935$25,733,878$72,758,347
81$112,842,538$37,213,346$26,502,741$79,063,451
82$124,256,319$38,940,641$27,294,424$85,963,806
83$136,831,275$40,749,545$28,109,599$93,517,994
84$150,685,753$42,643,960$28,948,959$101,790,472
85$165,950,165$44,627,979$29,813,214$110,852,171
86$182,768,223$46,705,891$30,703,098$120,781,151
87$201,298,293$48,882,192$31,619,363$131,663,318
88$221,714,894$51,161,594$32,562,786$143,593,225
89$244,210,339$53,549,038$33,534,166$156,674,945
90$268,996,557$56,049,703$34,534,323$171,023,038
91$296,307,086$58,669,019$35,564,104$186,763,614
92$326,399,285$61,412,678$36,624,377$204,035,503
93$359,556,758$64,286,645$37,716,040$222,991,550
94$396,092,033$67,297,176$38,840,013$243,800,031
95$436,349,512$70,450,829$39,997,244$266,646,228
96$480,708,719$73,754,477$41,188,710$291,734,149
97$529,587,891$77,215,328$42,415,413$319,288,432
98$583,447,914$80,840,938$43,678,388$349,556,442
99$642,796,685$84,639,227$44,978,698$382,810,580
100$708,193,898$88,618,501$46,317,435$419,350,826