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

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,067,805
2 years$568,242$557,659$547,403$537,458$527,812$487,359
3 years$375,065$364,436$354,206$344,355$334,866$295,833
4 years$278,495$267,899$257,771$248,088$238,829$201,515
5 years$220,569$210,036$200,041$190,555$181,554$146,055
6 years$181,964$171,510$161,663$152,389$143,658$109,999
7 years$154,399$144,034$134,343$125,287$116,832$85,006
8 years$133,736$123,464$113,933$105,100$96,923$66,902
9 years$117,672$107,498$98,131$89,522$81,624$53,366
10 years$104,829$94,754$85,552$77,169$69,547$43,003
11 years$94,328$84,354$75,319$67,160$59,813$34,926
12 years$85,583$75,711$66,844$58,908$51,833$28,541
13 years$78,190$68,421$59,720$52,007$45,199$23,438
14 years$71,858$62,193$53,659$46,166$39,621$19,323
15 years$66,375$56,814$48,447$41,172$34,886$15,981
16 years$61,582$52,126$43,924$36,865$30,832$13,252
17 years$57,358$48,006$39,969$33,123$27,338$11,012
18 years$53,607$44,360$36,487$29,851$24,308$9,167
19 years$50,255$41,112$33,402$26,973$21,666$7,641
20 years$47,242$38,203$30,655$24,429$19,352$6,378
21 years$44,519$35,585$28,196$22,171$17,318$5,328
22 years$42,047$33,217$25,987$20,158$15,523$4,455
23 years$39,794$31,067$23,995$18,359$13,935$3,728
24 years$37,731$29,108$22,191$16,744$12,525$3,121
25 years$35,836$27,317$20,553$15,292$11,270$2,614
26 years$34,090$25,673$19,062$13,982$10,152$2,190
27 years$32,476$24,161$17,701$12,798$9,153$1,836
28 years$30,980$22,767$16,455$11,726$8,259$1,539
29 years$29,590$21,478$15,313$10,753$7,457$1,291
30 years$28,294$20,284$14,264$9,868$6,738$1,083
31 years$27,085$19,175$13,297$9,063$6,092$908
32 years$25,954$18,144$12,407$8,329$5,511$762
33 years$24,893$17,182$11,584$7,660$4,987$639
34 years$23,897$16,285$10,824$7,047$4,515$537
35 years$22,960$15,446$10,119$6,488$4,090$450
36 years$22,076$14,660$9,466$5,975$3,705$378
37 years$21,243$13,924$8,860$5,505$3,358$317
38 years$20,455$13,233$8,297$5,074$3,045$266
39 years$19,710$12,583$7,774$4,679$2,761$224
40 years$19,003$11,972$7,286$4,315$2,504$188
41 years$18,333$11,396$6,832$3,981$2,272$158
42 years$17,697$10,853$6,409$3,674$2,062$132
43 years$17,091$10,341$6,014$3,392$1,871$111
44 years$16,515$9,857$5,645$3,132$1,698$93
45 years$15,966$9,400$5,301$2,892$1,542$78
46 years$15,442$8,967$4,978$2,672$1,400$66
47 years$14,943$8,557$4,677$2,468$1,271$55
48 years$14,465$8,169$4,395$2,281$1,154$46
49 years$14,008$7,801$4,131$2,108$1,048$39
50 years$13,571$7,452$3,884$1,948$952$33

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 $5,920 every year, while hoping to spend $23,341 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: 73/20/7 Blend
59$13,900,000$13,900,000$13,900,000$13,900,000
60$15,323,906$14,587,206$14,371,756$16,427,062
61$16,862,110$15,277,145$14,828,376$17,844,948
62$18,556,429$16,000,108$15,299,509$19,393,789
63$20,422,760$16,757,690$15,785,619$21,089,356
64$22,478,626$17,551,560$16,287,181$22,946,129
65$24,743,331$18,383,472$16,804,687$24,980,042
66$27,238,150$19,255,261$17,338,643$27,208,632
67$29,986,528$20,168,855$17,889,574$29,651,200
68$33,014,297$21,126,273$18,458,019$32,328,991
69$36,349,927$22,129,632$19,044,534$35,265,393
70$40,024,789$23,181,154$19,649,695$38,486,148
71$44,073,453$24,283,165$20,274,095$42,019,600
72$48,534,013$25,438,109$20,918,345$45,896,950
73$53,448,451$26,648,544$21,583,078$50,152,553
74$58,863,025$27,917,155$22,268,944$54,824,234
75$64,828,716$29,246,758$22,976,616$59,953,642
76$71,401,700$30,640,304$23,706,787$65,586,640
77$78,643,882$32,100,888$24,460,173$71,773,728
78$86,623,482$33,631,755$25,237,513$78,570,521
79$95,415,676$35,236,310$26,039,568$86,038,264
80$105,103,306$36,918,120$26,867,125$94,244,407
81$115,777,665$38,680,929$27,720,995$103,263,234
82$127,539,353$40,528,662$28,602,015$113,176,559
83$140,499,233$42,465,432$29,511,049$124,074,493
84$154,779,473$44,495,557$30,448,987$136,056,284
85$170,514,701$46,623,561$31,416,750$149,231,252
86$187,853,276$48,854,191$32,415,287$163,719,810
87$206,958,687$51,192,422$33,445,575$179,654,593
88$228,011,097$53,643,476$34,508,627$197,181,704
89$251,209,046$56,212,823$35,605,483$216,462,084
90$276,771,322$58,906,204$36,737,219$237,673,020
91$304,939,027$61,729,638$37,904,946$261,009,814
92$335,977,854$64,689,436$39,109,808$286,687,612
93$370,180,595$67,792,219$40,352,986$314,943,428
94$407,869,905$71,044,927$41,635,701$346,038,370
95$449,401,348$74,454,842$42,959,210$380,260,092
96$495,166,753$78,029,596$44,324,811$417,925,502
97$545,597,913$81,777,197$45,733,843$459,383,737
98$601,170,662$85,706,042$47,187,688$505,019,447
99$662,409,366$89,824,935$48,687,773$555,256,416
100$729,891,877$94,143,112$50,235,568$610,561,546