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%13.5%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,115,867
2 years$580,506$569,695$559,217$549,058$539,204$522,654
3 years$383,160$372,302$361,850$351,787$342,093$325,970
4 years$284,506$273,681$263,334$253,443$243,984$228,410
5 years$225,329$214,569$204,358$194,668$185,472$170,495
6 years$185,891$175,212$165,152$155,678$146,758$132,393
7 years$157,732$147,143$137,242$127,991$119,354$105,606
8 years$136,622$126,129$116,392$107,369$99,015$85,884
9 years$120,212$109,818$100,248$91,454$83,385$70,863
10 years$107,092$96,799$87,399$78,834$71,048$59,126
11 years$96,364$86,174$76,945$68,610$61,104$49,770
12 years$87,430$77,345$68,286$60,180$52,951$42,192
13 years$79,877$69,898$61,009$53,130$46,175$35,975
14 years$73,408$63,535$54,817$47,163$40,476$30,821
15 years$67,807$58,040$49,493$42,061$35,639$26,510
16 years$62,911$53,251$44,872$37,661$31,498$22,878
17 years$58,596$49,042$40,832$33,838$27,928$19,799
18 years$54,764$45,317$37,274$30,495$24,832$17,176
19 years$51,339$41,999$34,123$27,555$22,133$14,930
20 years$48,261$39,028$31,316$24,956$19,770$13,001
21 years$45,480$36,353$28,805$22,649$17,692$11,338
22 years$42,955$33,934$26,548$20,593$15,858$9,901
23 years$40,653$31,738$24,513$18,755$14,235$8,656
24 years$38,545$29,736$22,670$17,105$12,795$7,574
25 years$36,610$27,906$20,997$15,622$11,514$6,634
26 years$34,826$26,227$19,474$14,284$10,371$5,814
27 years$33,177$24,683$18,083$13,074$9,350$5,099
28 years$31,649$23,259$16,810$11,979$8,437$4,475
29 years$30,228$21,942$15,644$10,985$7,618$3,929
30 years$28,905$20,722$14,571$10,081$6,884$3,451
31 years$27,670$19,589$13,584$9,259$6,224$3,032
32 years$26,514$18,535$12,675$8,509$5,630$2,665
33 years$25,430$17,553$11,834$7,825$5,095$2,343
34 years$24,412$16,636$11,057$7,200$4,613$2,061
35 years$23,455$15,779$10,338$6,628$4,178$1,813
36 years$22,553$14,977$9,671$6,104$3,785$1,595
37 years$21,701$14,225$9,052$5,624$3,431$1,403
38 years$20,897$13,518$8,476$5,184$3,110$1,235
39 years$20,135$12,855$7,942$4,780$2,821$1,087
40 years$19,414$12,230$7,444$4,408$2,558$957
41 years$18,729$11,642$6,980$4,067$2,321$842
42 years$18,079$11,087$6,547$3,754$2,106$742
43 years$17,460$10,564$6,144$3,465$1,911$653
44 years$16,872$10,070$5,767$3,199$1,735$575
45 years$16,311$9,602$5,415$2,955$1,575$507
46 years$15,776$9,160$5,086$2,729$1,430$446
47 years$15,265$8,742$4,778$2,522$1,299$393
48 years$14,777$8,345$4,490$2,330$1,179$346
49 years$14,311$7,969$4,220$2,153$1,071$305
50 years$13,864$7,612$3,968$1,990$973$268

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 $6,480 every year, while hoping to spend $50,335 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: 62/33/5 Blend
59$14,200,000$14,200,000$14,200,000$14,200,000
60$15,655,084$14,902,484$14,682,384$16,613,143
61$17,198,347$15,579,150$15,120,688$17,929,337
62$18,897,335$16,287,285$15,571,988$19,358,746
63$20,767,880$17,028,379$16,036,666$20,917,475
64$22,827,425$17,803,991$16,515,116$22,618,002
65$25,095,193$18,615,757$17,007,743$24,474,048
66$27,592,363$19,465,390$17,514,963$26,500,697
67$30,342,275$20,354,684$18,037,205$28,714,540
68$33,370,645$21,285,522$18,574,909$31,133,823
69$36,705,813$22,259,875$19,128,531$33,778,613
70$40,379,007$23,279,809$19,698,537$36,670,987
71$44,424,635$24,347,490$20,285,408$39,835,229
72$48,880,618$25,465,187$20,889,639$43,298,057
73$53,788,738$26,635,277$21,511,739$47,088,871
74$59,195,038$27,860,255$22,152,231$51,240,018
75$65,150,256$29,142,732$22,811,655$55,787,096
76$71,710,302$30,485,446$23,490,566$60,769,284
77$78,936,787$31,891,266$24,189,533$66,229,697
78$86,897,602$33,363,201$24,909,146$72,215,794
79$95,667,562$34,904,403$25,650,006$78,779,815
80$105,329,109$36,518,175$26,412,738$85,979,264
81$115,973,094$38,207,980$27,197,980$93,877,443
82$127,699,627$39,977,450$28,006,390$102,544,047
83$140,619,032$41,830,387$28,838,647$112,055,801
84$154,852,878$43,770,781$29,695,447$122,497,186
85$170,535,134$45,802,811$30,577,506$133,961,218
86$187,813,428$47,930,860$31,485,563$146,550,318
87$206,850,445$50,159,520$32,420,377$160,377,269
88$227,825,460$52,493,605$33,382,729$175,566,264
89$250,936,029$54,938,164$34,373,422$192,254,072
90$276,399,855$57,498,485$35,393,283$210,591,310
91$304,456,845$60,180,115$36,443,163$230,743,857
92$335,371,370$62,988,868$37,523,936$252,894,398
93$369,434,764$65,930,837$38,636,502$277,244,143
94$406,968,073$69,012,411$39,781,788$304,014,701
95$448,325,086$72,240,288$40,960,747$333,450,164
96$493,895,670$75,621,488$42,174,358$365,819,386
97$544,109,460$79,163,372$43,423,630$401,418,511
98$599,439,903$82,873,656$44,709,600$440,573,742
99$660,408,737$86,760,429$46,033,336$483,644,408
100$727,590,910$90,832,172$47,395,934$531,026,328