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%18.9%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,068,653
2 years$568,242$557,659$547,403$537,458$527,812$488,192
3 years$375,065$364,436$354,206$344,355$334,866$296,624
4 years$278,495$267,899$257,771$248,088$238,829$202,257
5 years$220,569$210,036$200,041$190,555$181,554$146,748
6 years$181,964$171,510$161,663$152,389$143,658$110,643
7 years$154,399$144,034$134,343$125,287$116,832$85,601
8 years$133,736$123,464$113,933$105,100$96,923$67,450
9 years$117,672$107,498$98,131$89,522$81,624$53,869
10 years$104,829$94,754$85,552$77,169$69,547$43,464
11 years$94,328$84,354$75,319$67,160$59,813$35,346
12 years$85,583$75,711$66,844$58,908$51,833$28,923
13 years$78,190$68,421$59,720$52,007$45,199$23,784
14 years$71,858$62,193$53,659$46,166$39,621$19,636
15 years$66,375$56,814$48,447$41,172$34,886$16,263
16 years$61,582$52,126$43,924$36,865$30,832$13,505
17 years$57,358$48,006$39,969$33,123$27,338$11,239
18 years$53,607$44,360$36,487$29,851$24,308$9,370
19 years$50,255$41,112$33,402$26,973$21,666$7,823
20 years$47,242$38,203$30,655$24,429$19,352$6,539
21 years$44,519$35,585$28,196$22,171$17,318$5,471
22 years$42,047$33,217$25,987$20,158$15,523$4,582
23 years$39,794$31,067$23,995$18,359$13,935$3,840
24 years$37,731$29,108$22,191$16,744$12,525$3,220
25 years$35,836$27,317$20,553$15,292$11,270$2,701
26 years$34,090$25,673$19,062$13,982$10,152$2,267
27 years$32,476$24,161$17,701$12,798$9,153$1,903
28 years$30,980$22,767$16,455$11,726$8,259$1,598
29 years$29,590$21,478$15,313$10,753$7,457$1,342
30 years$28,294$20,284$14,264$9,868$6,738$1,128
31 years$27,085$19,175$13,297$9,063$6,092$948
32 years$25,954$18,144$12,407$8,329$5,511$797
33 years$24,893$17,182$11,584$7,660$4,987$669
34 years$23,897$16,285$10,824$7,047$4,515$563
35 years$22,960$15,446$10,119$6,488$4,090$473
36 years$22,076$14,660$9,466$5,975$3,705$398
37 years$21,243$13,924$8,860$5,505$3,358$334
38 years$20,455$13,233$8,297$5,074$3,045$281
39 years$19,710$12,583$7,774$4,679$2,761$236
40 years$19,003$11,972$7,286$4,315$2,504$199
41 years$18,333$11,396$6,832$3,981$2,272$167
42 years$17,697$10,853$6,409$3,674$2,062$141
43 years$17,091$10,341$6,014$3,392$1,871$118
44 years$16,515$9,857$5,645$3,132$1,698$99
45 years$15,966$9,400$5,301$2,892$1,542$84
46 years$15,442$8,967$4,978$2,672$1,400$70
47 years$14,943$8,557$4,677$2,468$1,271$59
48 years$14,465$8,169$4,395$2,281$1,154$50
49 years$14,008$7,801$4,131$2,108$1,048$42
50 years$13,571$7,452$3,884$1,948$952$35

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 $3,867 every year, while hoping to spend $46,751 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: 48/43/9 Blend
59$13,900,000$13,900,000$13,900,000$13,900,000
60$15,321,789$14,585,089$14,369,639$16,019,810
61$16,834,869$15,250,015$14,801,279$17,164,171
62$18,500,716$15,945,957$15,245,812$18,400,718
63$20,334,863$16,674,383$15,703,621$19,742,181
64$22,354,426$17,436,834$16,175,099$21,198,345
65$24,578,264$18,234,927$16,660,653$22,779,951
66$27,027,161$19,070,351$17,160,698$24,498,796
67$29,724,015$19,944,882$17,675,665$26,367,832
68$32,694,061$20,860,378$18,205,996$28,401,286
69$35,965,105$21,818,786$18,752,147$30,614,789
70$39,567,787$22,822,148$19,314,585$33,025,512
71$43,535,871$23,872,603$19,893,793$35,652,325
72$47,906,563$24,972,394$20,490,269$38,515,967
73$52,720,862$26,123,871$21,104,522$41,639,231
74$58,023,946$27,329,497$21,737,080$45,047,175
75$63,865,600$28,591,853$22,388,483$48,767,349
76$70,300,683$29,913,646$23,059,290$52,830,043
77$77,389,650$31,297,712$23,750,073$57,268,569
78$85,199,118$32,747,023$24,461,424$62,119,560
79$93,802,496$34,264,696$25,193,950$67,423,310
80$103,280,682$35,853,997$25,948,278$73,224,141
81$113,722,817$37,518,349$26,725,052$79,570,810
82$125,227,137$39,261,340$27,524,933$86,516,960
83$137,901,892$41,086,733$28,348,605$94,121,611
84$151,866,372$42,998,470$29,196,771$102,449,708
85$167,252,031$45,000,684$30,070,152$111,572,717
86$184,203,729$47,097,708$30,969,493$121,569,285
87$202,881,098$49,294,085$31,895,559$132,525,972
88$223,460,049$51,594,574$32,849,140$144,538,049
89$246,134,433$54,004,168$33,831,045$157,710,383
90$271,117,871$56,528,097$34,842,110$172,158,408
91$298,645,767$59,171,847$35,883,195$188,009,198
92$328,977,536$61,941,168$36,955,182$205,402,649
93$362,399,047$64,842,088$38,058,983$224,492,779
94$399,225,325$67,880,925$39,195,534$245,449,161
95$439,803,523$71,064,305$40,365,799$268,458,502
96$484,516,199$74,399,173$41,570,771$293,726,387
97$533,784,929$77,892,810$42,811,469$321,479,192
98$588,074,284$81,552,850$44,088,945$351,966,197
99$647,896,216$85,387,296$45,404,281$385,461,917
100$713,814,895$89,404,537$46,758,588$422,268,661