Can I retire at age 60 with 13,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,091,842
2 years$568,242$557,659$547,403$537,458$527,812$511,162
3 years$375,065$364,436$354,206$344,355$334,866$318,647
4 years$278,495$267,899$257,771$248,088$238,829$223,166
5 years$220,569$210,036$200,041$190,555$181,554$166,493
6 years$181,964$171,510$161,663$152,389$143,658$129,216
7 years$154,399$144,034$134,343$125,287$116,832$103,014
8 years$133,736$123,464$113,933$105,100$96,923$83,728
9 years$117,672$107,498$98,131$89,522$81,624$69,043
10 years$104,829$94,754$85,552$77,169$69,547$57,573
11 years$94,328$84,354$75,319$67,160$59,813$48,432
12 years$85,583$75,711$66,844$58,908$51,833$41,032
13 years$78,190$68,421$59,720$52,007$45,199$34,963
14 years$71,858$62,193$53,659$46,166$39,621$29,933
15 years$66,375$56,814$48,447$41,172$34,886$25,729
16 years$61,582$52,126$43,924$36,865$30,832$22,188
17 years$57,358$48,006$39,969$33,123$27,338$19,189
18 years$53,607$44,360$36,487$29,851$24,308$16,634
19 years$50,255$41,112$33,402$26,973$21,666$14,449
20 years$47,242$38,203$30,655$24,429$19,352$12,573
21 years$44,519$35,585$28,196$22,171$17,318$10,956
22 years$42,047$33,217$25,987$20,158$15,523$9,560
23 years$39,794$31,067$23,995$18,359$13,935$8,351
24 years$37,731$29,108$22,191$16,744$12,525$7,302
25 years$35,836$27,317$20,553$15,292$11,270$6,391
26 years$34,090$25,673$19,062$13,982$10,152$5,597
27 years$32,476$24,161$17,701$12,798$9,153$4,905
28 years$30,980$22,767$16,455$11,726$8,259$4,300
29 years$29,590$21,478$15,313$10,753$7,457$3,772
30 years$28,294$20,284$14,264$9,868$6,738$3,311
31 years$27,085$19,175$13,297$9,063$6,092$2,907
32 years$25,954$18,144$12,407$8,329$5,511$2,553
33 years$24,893$17,182$11,584$7,660$4,987$2,242
34 years$23,897$16,285$10,824$7,047$4,515$1,970
35 years$22,960$15,446$10,119$6,488$4,090$1,732
36 years$22,076$14,660$9,466$5,975$3,705$1,522
37 years$21,243$13,924$8,860$5,505$3,358$1,338
38 years$20,455$13,233$8,297$5,074$3,045$1,177
39 years$19,710$12,583$7,774$4,679$2,761$1,035
40 years$19,003$11,972$7,286$4,315$2,504$910
41 years$18,333$11,396$6,832$3,981$2,272$801
42 years$17,697$10,853$6,409$3,674$2,062$704
43 years$17,091$10,341$6,014$3,392$1,871$620
44 years$16,515$9,857$5,645$3,132$1,698$545
45 years$15,966$9,400$5,301$2,892$1,542$480
46 years$15,442$8,967$4,978$2,672$1,400$422
47 years$14,943$8,557$4,677$2,468$1,271$372
48 years$14,465$8,169$4,395$2,281$1,154$327
49 years$14,008$7,801$4,131$2,108$1,048$288
50 years$13,571$7,452$3,884$1,948$952$253

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,900,000, adding $4,292 every year, while hoping to spend $41,558 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: 60/18/22 Blend
59$13,900,000$13,900,000$13,900,000$13,900,000
60$15,322,227$14,585,527$14,370,077$16,152,078
61$16,840,877$15,256,001$14,807,257$17,385,974
62$18,513,036$15,957,934$15,257,690$18,726,668
63$20,354,319$16,692,826$15,721,776$20,188,516
64$22,381,931$17,462,246$16,199,926$21,783,287
65$24,614,830$18,267,838$16,692,566$23,523,921
66$27,073,908$19,111,328$17,200,133$25,424,659
67$29,782,186$19,994,522$17,723,077$27,501,165
68$32,765,030$20,919,315$18,261,861$29,770,674
69$36,050,394$21,887,692$18,816,964$32,252,153
70$39,669,080$22,901,735$19,388,878$34,966,474
71$43,655,031$23,963,624$19,978,110$37,936,607
72$48,045,649$25,075,647$20,585,182$41,187,833
73$52,882,151$26,240,200$21,210,631$44,747,979
74$58,209,955$27,459,795$21,855,013$48,647,676
75$64,079,111$28,737,065$22,518,896$52,920,645
76$70,544,771$30,074,772$23,202,870$57,604,007
77$77,667,710$31,475,808$23,907,538$62,738,630
78$85,514,902$32,943,208$24,633,526$68,369,512
79$94,160,147$34,480,150$25,381,474$74,546,197
80$103,684,772$36,089,968$26,152,044$81,323,238
81$114,178,399$37,776,156$26,945,917$88,760,708
82$125,739,786$39,542,378$27,763,796$96,924,756
83$138,477,763$41,392,473$28,606,401$105,888,231
84$152,512,257$43,330,467$29,474,479$115,731,359
85$167,975,428$45,360,580$30,368,794$126,542,494
86$185,012,910$47,487,237$31,290,137$138,418,945
87$203,785,191$49,715,076$32,239,320$151,467,887
88$224,469,124$52,048,959$33,217,182$165,807,366
89$247,259,601$54,493,984$34,224,584$181,567,401
90$272,371,388$57,055,497$35,262,415$198,891,208
91$300,041,153$59,739,099$36,331,589$217,936,537
92$330,529,702$62,550,667$37,433,049$238,877,158
93$364,124,441$65,496,358$38,567,765$261,904,487
94$401,142,085$68,582,631$39,736,736$287,229,383
95$441,931,652$71,816,255$40,940,992$315,084,130
96$486,877,758$75,204,328$42,181,592$345,724,615
97$536,404,242$78,754,293$43,459,628$379,432,737
98$590,978,173$82,473,952$44,776,225$416,519,051
99$651,114,258$86,371,487$46,132,539$457,325,687
100$717,379,697$90,455,474$47,529,764$502,229,571