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

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 $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%17.1%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,084,120
2 years$572,330$561,671$551,341$541,325$531,609$499,364
3 years$377,763$367,058$356,754$346,832$337,275$306,055
4 years$280,499$269,827$259,625$249,873$240,547$210,592
5 years$222,156$211,547$201,480$191,926$182,860$154,251
6 years$183,273$172,744$162,826$153,485$144,691$117,455
7 years$155,510$145,070$135,309$126,189$117,673$91,809
8 years$134,698$124,352$114,753$105,856$97,621$73,115
9 years$118,519$108,271$98,837$90,166$82,211$59,038
10 years$105,583$95,436$86,168$77,724$70,048$48,176
11 years$95,006$84,961$75,861$67,643$60,243$39,637
12 years$86,199$76,256$67,325$59,332$52,206$32,824
13 years$78,752$68,913$60,150$52,381$45,524$27,324
14 years$72,375$62,640$54,045$46,498$39,906$22,842
15 years$66,852$57,223$48,795$41,468$35,137$19,162
16 years$62,025$52,501$44,240$37,130$31,054$16,120
17 years$57,770$48,351$40,257$33,361$27,535$13,594
18 years$53,993$44,679$36,749$30,065$24,482$11,486
19 years$50,616$41,408$33,642$27,167$21,822$9,720
20 years$47,582$38,478$30,875$24,605$19,492$8,238
21 years$44,839$35,841$28,399$22,330$17,443$6,990
22 years$42,350$33,456$26,174$20,303$15,635$5,936
23 years$40,080$31,291$24,167$18,491$14,035$5,046
24 years$38,003$29,318$22,351$16,865$12,615$4,292
25 years$36,094$27,513$20,701$15,402$11,351$3,653
26 years$34,335$25,858$19,199$14,082$10,225$3,110
27 years$32,710$24,335$17,828$12,890$9,219$2,650
28 years$31,203$22,931$16,574$11,810$8,318$2,258
29 years$29,803$21,633$15,423$10,830$7,511$1,925
30 years$28,498$20,430$14,366$9,939$6,787$1,641
31 years$27,280$19,313$13,393$9,128$6,136$1,400
32 years$26,140$18,274$12,496$8,389$5,550$1,194
33 years$25,072$17,306$11,668$7,715$5,023$1,019
34 years$24,069$16,402$10,902$7,098$4,548$869
35 years$23,125$15,557$10,192$6,534$4,119$742
36 years$22,235$14,766$9,535$6,018$3,732$633
37 years$21,396$14,024$8,924$5,545$3,383$540
38 years$20,602$13,328$8,357$5,111$3,067$461
39 years$19,852$12,674$7,830$4,712$2,781$394
40 years$19,140$12,058$7,339$4,346$2,522$336
41 years$18,465$11,478$6,881$4,010$2,288$287
42 years$17,824$10,931$6,455$3,701$2,076$245
43 years$17,214$10,415$6,057$3,416$1,885$209
44 years$16,634$9,928$5,686$3,154$1,711$179
45 years$16,081$9,467$5,339$2,913$1,553$153
46 years$15,554$9,031$5,014$2,691$1,410$130
47 years$15,050$8,619$4,711$2,486$1,280$111
48 years$14,569$8,228$4,427$2,297$1,163$95
49 years$14,109$7,857$4,161$2,123$1,056$81
50 years$13,669$7,505$3,912$1,962$959$69

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 $2,116 every year, while hoping to spend $20,607 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: 39/34/27 Blend
59$14,000,000$14,000,000$14,000,000$14,000,000
60$15,430,183$14,688,183$14,471,183$15,908,239
61$16,982,136$15,385,978$14,934,042$16,954,851
62$18,691,697$16,117,274$15,411,716$18,083,748
63$20,574,921$16,883,692$15,904,679$19,304,076
64$22,649,500$17,686,929$16,413,422$20,624,182
65$24,934,927$18,528,767$16,938,451$22,053,219
66$27,452,686$19,411,073$17,480,285$23,601,232
67$30,226,450$20,335,806$18,039,465$25,279,244
68$33,282,306$21,305,019$18,616,545$27,099,355
69$36,649,001$22,320,865$19,212,099$29,074,848
70$40,358,214$23,385,602$19,826,719$31,220,307
71$44,444,854$24,501,598$20,461,016$33,551,751
72$48,947,389$25,671,336$21,115,620$36,086,775
73$53,908,211$26,897,420$21,791,182$38,844,708
74$59,374,035$28,182,580$22,488,373$41,846,789
75$65,396,340$29,529,679$23,207,886$45,116,355
76$72,031,853$30,941,720$23,950,437$48,679,060
77$79,343,089$32,421,852$24,716,763$52,563,098
78$87,398,936$33,973,375$25,507,627$56,799,467
79$96,275,310$35,599,752$26,323,815$61,422,249
80$106,055,867$37,304,616$27,166,138$66,468,918
81$116,832,796$39,091,772$28,035,434$71,980,688
82$128,707,687$40,965,215$28,932,567$78,002,885
83$141,792,492$42,929,132$29,858,430$84,585,367
84$156,210,581$44,987,914$30,813,942$91,782,980
85$172,097,906$47,146,167$31,800,054$99,656,059
86$189,604,284$49,408,721$32,817,748$108,270,990
87$208,894,813$51,780,640$33,868,034$117,700,817
88$230,151,429$54,267,237$34,951,958$128,025,920
89$253,574,624$56,874,080$36,070,598$139,334,753
90$279,385,339$59,607,014$37,225,067$151,724,667
91$307,827,049$62,472,163$38,416,512$165,302,807
92$339,168,062$65,475,954$39,646,120$180,187,110
93$373,704,053$68,625,124$40,915,113$196,507,396
94$411,760,851$71,926,739$42,224,754$214,406,572
95$453,697,521$75,388,212$43,576,346$234,041,963
96$499,909,748$79,017,315$44,971,234$255,586,776
97$550,833,578$82,822,199$46,410,806$279,231,709
98$606,949,529$86,811,413$47,896,494$305,186,727
99$668,787,131$90,993,922$49,429,776$333,683,023
100$736,929,924$95,379,130$51,012,180$364,975,170