Can I retire at age 60 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,077,627
2 years$572,330$561,671$551,341$541,325$531,609$492,968
3 years$377,763$367,058$356,754$346,832$337,275$299,958
4 years$280,499$269,827$259,625$249,873$240,547$204,840
5 years$222,156$211,547$201,480$191,926$182,860$148,857
6 years$183,273$172,744$162,826$153,485$144,691$112,419
7 years$155,510$145,070$135,309$126,189$117,673$87,125
8 years$134,698$124,352$114,753$105,856$97,621$68,773
9 years$118,519$108,271$98,837$90,166$82,211$55,026
10 years$105,583$95,436$86,168$77,724$70,048$44,481
11 years$95,006$84,961$75,861$67,643$60,243$36,244
12 years$86,199$76,256$67,325$59,332$52,206$29,717
13 years$78,752$68,913$60,150$52,381$45,524$24,487
14 years$72,375$62,640$54,045$46,498$39,906$20,259
15 years$66,852$57,223$48,795$41,468$35,137$16,815
16 years$62,025$52,501$44,240$37,130$31,054$13,994
17 years$57,770$48,351$40,257$33,361$27,535$11,671
18 years$53,993$44,679$36,749$30,065$24,482$9,752
19 years$50,616$41,408$33,642$27,167$21,822$8,160
20 years$47,582$38,478$30,875$24,605$19,492$6,837
21 years$44,839$35,841$28,399$22,330$17,443$5,734
22 years$42,350$33,456$26,174$20,303$15,635$4,813
23 years$40,080$31,291$24,167$18,491$14,035$4,043
24 years$38,003$29,318$22,351$16,865$12,615$3,398
25 years$36,094$27,513$20,701$15,402$11,351$2,858
26 years$34,335$25,858$19,199$14,082$10,225$2,404
27 years$32,710$24,335$17,828$12,890$9,219$2,023
28 years$31,203$22,931$16,574$11,810$8,318$1,703
29 years$29,803$21,633$15,423$10,830$7,511$1,434
30 years$28,498$20,430$14,366$9,939$6,787$1,208
31 years$27,280$19,313$13,393$9,128$6,136$1,018
32 years$26,140$18,274$12,496$8,389$5,550$857
33 years$25,072$17,306$11,668$7,715$5,023$722
34 years$24,069$16,402$10,902$7,098$4,548$609
35 years$23,125$15,557$10,192$6,534$4,119$513
36 years$22,235$14,766$9,535$6,018$3,732$432
37 years$21,396$14,024$8,924$5,545$3,383$364
38 years$20,602$13,328$8,357$5,111$3,067$307
39 years$19,852$12,674$7,830$4,712$2,781$259
40 years$19,140$12,058$7,339$4,346$2,522$218
41 years$18,465$11,478$6,881$4,010$2,288$184
42 years$17,824$10,931$6,455$3,701$2,076$155
43 years$17,214$10,415$6,057$3,416$1,885$131
44 years$16,634$9,928$5,686$3,154$1,711$110
45 years$16,081$9,467$5,339$2,913$1,553$93
46 years$15,554$9,031$5,014$2,691$1,410$78
47 years$15,050$8,619$4,711$2,486$1,280$66
48 years$14,569$8,228$4,427$2,297$1,163$56
49 years$14,109$7,857$4,161$2,123$1,056$47
50 years$13,669$7,505$3,912$1,962$959$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,000,000, adding $6,809 every year, while hoping to spend $31,829 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: 71/14/15 Blend
59$14,000,000$14,000,000$14,000,000$14,000,000
60$15,435,023$14,693,023$14,476,023$16,478,042
61$16,975,530$15,379,116$14,927,104$17,857,501
62$18,672,102$16,097,760$15,392,230$19,362,668
63$20,540,623$16,850,517$15,871,837$21,009,630
64$22,598,598$17,639,025$16,366,375$22,812,393
65$24,865,317$18,464,998$16,876,310$24,786,373
66$27,362,033$19,330,236$17,402,120$26,948,538
67$30,112,168$20,236,626$17,944,299$29,317,567
68$33,141,532$21,186,143$18,503,356$31,914,024
69$36,478,565$22,180,862$19,079,815$34,760,548
70$40,154,609$23,222,954$19,674,220$37,882,063
71$44,204,200$24,314,699$20,287,126$41,306,011
72$48,665,393$25,458,485$20,919,110$45,062,611
73$53,580,128$26,656,815$21,570,765$49,185,134
74$58,994,618$27,912,316$22,242,703$53,710,220
75$64,959,790$29,227,740$22,935,554$58,678,217
76$71,531,762$30,605,973$23,649,969$64,133,557
77$78,772,377$32,050,041$24,386,618$70,125,177
78$86,749,783$33,563,116$25,146,192$76,706,970
79$95,539,076$35,148,524$25,929,405$83,938,292
80$105,223,013$36,809,753$26,736,992$91,884,519
81$115,892,789$38,550,460$27,569,709$100,617,659
82$127,648,898$40,374,477$28,428,339$110,217,025
83$140,602,084$42,285,824$29,313,687$120,769,981
84$154,874,384$44,288,718$30,226,583$132,372,759
85$170,600,282$46,387,576$31,167,885$145,131,364
86$187,927,976$48,587,032$32,138,474$159,162,565
87$207,020,779$50,891,946$33,139,262$174,594,998
88$228,058,658$53,307,411$34,171,187$191,570,366
89$251,239,936$55,838,769$35,235,217$210,244,776
90$276,783,163$58,491,622$36,332,349$230,790,202
91$304,929,176$61,271,842$37,463,614$253,396,104
92$335,943,377$64,185,588$38,630,070$278,271,207
93$370,118,237$67,239,317$39,832,813$305,645,462
94$407,776,055$70,439,801$41,072,970$335,772,213
95$449,272,002$73,794,141$42,351,704$368,930,576
96$494,997,473$77,309,781$43,670,213$405,428,065
97$545,383,784$80,994,528$45,029,733$445,603,490
98$600,906,240$84,856,570$46,431,539$489,830,140
99$662,088,625$88,904,491$47,876,945$538,519,297
100$729,508,148$93,147,294$49,367,306$592,124,114