Can I retire at age 60 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,105,853
2 years$580,506$569,695$559,217$549,058$539,204$512,681
3 years$383,160$372,302$361,850$351,787$342,093$316,351
4 years$284,506$273,681$263,334$253,443$243,984$219,221
5 years$225,329$214,569$204,358$194,668$185,472$161,758
6 years$185,891$175,212$165,152$155,678$146,758$124,117
7 years$157,732$147,143$137,242$127,991$119,354$97,789
8 years$136,622$126,129$116,392$107,369$99,015$78,518
9 years$120,212$109,818$100,248$91,454$83,385$63,940
10 years$107,092$96,799$87,399$78,834$71,048$52,633
11 years$96,364$86,174$76,945$68,610$61,104$43,694
12 years$87,430$77,345$68,286$60,180$52,951$36,517
13 years$79,877$69,898$61,009$53,130$46,175$30,686
14 years$73,408$63,535$54,817$47,163$40,476$25,901
15 years$67,807$58,040$49,493$42,061$35,639$21,942
16 years$62,911$53,251$44,872$37,661$31,498$18,645
17 years$58,596$49,042$40,832$33,838$27,928$15,884
18 years$54,764$45,317$37,274$30,495$24,832$13,560
19 years$51,339$41,999$34,123$27,555$22,133$11,597
20 years$48,261$39,028$31,316$24,956$19,770$9,933
21 years$45,480$36,353$28,805$22,649$17,692$8,519
22 years$42,955$33,934$26,548$20,593$15,858$7,315
23 years$40,653$31,738$24,513$18,755$14,235$6,286
24 years$38,545$29,736$22,670$17,105$12,795$5,406
25 years$36,610$27,906$20,997$15,622$11,514$4,653
26 years$34,826$26,227$19,474$14,284$10,371$4,007
27 years$33,177$24,683$18,083$13,074$9,350$3,453
28 years$31,649$23,259$16,810$11,979$8,437$2,976
29 years$30,228$21,942$15,644$10,985$7,618$2,566
30 years$28,905$20,722$14,571$10,081$6,884$2,214
31 years$27,670$19,589$13,584$9,259$6,224$1,910
32 years$26,514$18,535$12,675$8,509$5,630$1,648
33 years$25,430$17,553$11,834$7,825$5,095$1,423
34 years$24,412$16,636$11,057$7,200$4,613$1,228
35 years$23,455$15,779$10,338$6,628$4,178$1,061
36 years$22,553$14,977$9,671$6,104$3,785$916
37 years$21,701$14,225$9,052$5,624$3,431$791
38 years$20,897$13,518$8,476$5,184$3,110$683
39 years$20,135$12,855$7,942$4,780$2,821$590
40 years$19,414$12,230$7,444$4,408$2,558$510
41 years$18,729$11,642$6,980$4,067$2,321$441
42 years$18,079$11,087$6,547$3,754$2,106$381
43 years$17,460$10,564$6,144$3,465$1,911$329
44 years$16,872$10,070$5,767$3,199$1,735$284
45 years$16,311$9,602$5,415$2,955$1,575$246
46 years$15,776$9,160$5,086$2,729$1,430$212
47 years$15,265$8,742$4,778$2,522$1,299$183
48 years$14,777$8,345$4,490$2,330$1,179$158
49 years$14,311$7,969$4,220$2,153$1,071$137
50 years$13,864$7,612$3,968$1,990$973$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,200,000, adding $3,880 every year, while hoping to spend $39,807 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: 76/14/10 Blend
59$14,200,000$14,200,000$14,200,000$14,200,000
60$15,652,402$14,899,802$14,679,702$16,814,181
61$17,206,593$15,587,538$15,129,118$18,267,362
62$18,917,977$16,307,639$15,592,255$19,854,416
63$20,802,546$17,061,649$16,069,531$21,592,961
64$22,877,921$17,851,185$16,561,376$23,498,038
65$25,163,521$18,677,945$17,068,233$25,586,203
66$27,680,741$19,543,705$17,590,560$27,875,686
67$30,453,160$20,450,330$18,128,827$30,386,556
68$33,506,758$21,399,772$18,683,519$33,140,909
69$36,870,166$22,394,080$19,255,136$36,163,076
70$40,574,932$23,435,398$19,844,191$39,479,849
71$44,655,820$24,525,978$20,451,217$43,120,727
72$49,151,139$25,668,176$21,076,758$47,118,200
73$54,103,104$26,864,466$21,721,378$51,508,043
74$59,558,234$28,117,438$22,385,658$56,329,658
75$65,567,791$29,429,809$23,070,194$61,626,438
76$72,188,262$30,804,427$23,775,603$67,446,177
77$79,481,898$32,244,276$24,502,518$73,841,512
78$87,517,292$33,752,487$25,251,594$80,870,421
79$96,370,037$35,332,340$26,023,503$88,596,764
80$106,123,430$36,987,274$26,818,939$97,090,882
81$116,869,264$38,720,894$27,638,618$106,430,257
82$128,708,693$40,536,982$28,483,275$116,700,239
83$141,753,184$42,439,498$29,353,669$127,994,844
84$156,125,573$44,432,599$30,250,582$140,417,642
85$171,961,224$46,520,638$31,174,819$154,082,725
86$189,409,302$48,708,183$32,127,209$169,115,778
87$208,634,188$51,000,021$33,108,607$185,655,265
88$229,817,024$53,401,170$34,119,894$203,853,725
89$253,157,427$55,916,894$35,161,977$223,879,208
90$278,875,371$58,552,709$36,235,790$245,916,854
91$307,213,266$61,314,399$37,342,296$270,170,635
92$338,438,244$64,208,028$38,482,487$296,865,272
93$372,844,679$67,239,957$39,657,386$326,248,351
94$410,756,972$70,416,850$40,868,044$358,592,651
95$452,532,606$73,745,699$42,115,546$394,198,709
96$498,565,525$77,233,831$43,401,010$433,397,656
97$549,289,852$80,888,932$44,725,587$476,554,323
98$605,183,985$84,719,058$46,090,462$524,070,687
99$666,775,116$88,732,657$47,496,858$576,389,648
100$734,644,208$92,938,586$48,946,032$633,999,205