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%12.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,119,571
2 years$580,506$569,695$559,217$549,058$539,204$526,362
3 years$383,160$372,302$361,850$351,787$342,093$329,564
4 years$284,506$273,681$263,334$253,443$243,984$231,864
5 years$225,329$214,569$204,358$194,668$185,472$173,798
6 years$185,891$175,212$165,152$155,678$146,758$135,543
7 years$157,732$147,143$137,242$127,991$119,354$108,602
8 years$136,622$126,129$116,392$107,369$99,015$88,727
9 years$120,212$109,818$100,248$91,454$83,385$73,556
10 years$107,092$96,799$87,399$78,834$71,048$61,672
11 years$96,364$86,174$76,945$68,610$61,104$52,172
12 years$87,430$77,345$68,286$60,180$52,951$44,455
13 years$79,877$69,898$61,009$53,130$46,175$38,103
14 years$73,408$63,535$54,817$47,163$40,476$32,818
15 years$67,807$58,040$49,493$42,061$35,639$28,382
16 years$62,911$53,251$44,872$37,661$31,498$24,629
17 years$58,596$49,042$40,832$33,838$27,928$21,435
18 years$54,764$45,317$37,274$30,495$24,832$18,702
19 years$51,339$41,999$34,123$27,555$22,133$16,352
20 years$48,261$39,028$31,316$24,956$19,770$14,324
21 years$45,480$36,353$28,805$22,649$17,692$12,567
22 years$42,955$33,934$26,548$20,593$15,858$11,041
23 years$40,653$31,738$24,513$18,755$14,235$9,712
24 years$38,545$29,736$22,670$17,105$12,795$8,552
25 years$36,610$27,906$20,997$15,622$11,514$7,537
26 years$34,826$26,227$19,474$14,284$10,371$6,648
27 years$33,177$24,683$18,083$13,074$9,350$5,868
28 years$31,649$23,259$16,810$11,979$8,437$5,182
29 years$30,228$21,942$15,644$10,985$7,618$4,580
30 years$28,905$20,722$14,571$10,081$6,884$4,049
31 years$27,670$19,589$13,584$9,259$6,224$3,581
32 years$26,514$18,535$12,675$8,509$5,630$3,169
33 years$25,430$17,553$11,834$7,825$5,095$2,804
34 years$24,412$16,636$11,057$7,200$4,613$2,483
35 years$23,455$15,779$10,338$6,628$4,178$2,199
36 years$22,553$14,977$9,671$6,104$3,785$1,948
37 years$21,701$14,225$9,052$5,624$3,431$1,725
38 years$20,897$13,518$8,476$5,184$3,110$1,529
39 years$20,135$12,855$7,942$4,780$2,821$1,355
40 years$19,414$12,230$7,444$4,408$2,558$1,201
41 years$18,729$11,642$6,980$4,067$2,321$1,065
42 years$18,079$11,087$6,547$3,754$2,106$944
43 years$17,460$10,564$6,144$3,465$1,911$837
44 years$16,872$10,070$5,767$3,199$1,735$742
45 years$16,311$9,602$5,415$2,955$1,575$658
46 years$15,776$9,160$5,086$2,729$1,430$584
47 years$15,265$8,742$4,778$2,522$1,299$518
48 years$14,777$8,345$4,490$2,330$1,179$459
49 years$14,311$7,969$4,220$2,153$1,071$407
50 years$13,864$7,612$3,968$1,990$973$361

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 $6,529 every year, while hoping to spend $40,213 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: 42/39/19 Blend
59$14,200,000$14,200,000$14,200,000$14,200,000
60$15,655,135$14,902,535$14,682,435$16,225,255
61$17,209,172$15,589,973$15,131,510$17,317,329
62$18,920,374$16,309,747$15,594,281$18,494,772
63$20,804,727$17,063,400$16,071,166$19,768,992
64$22,879,851$17,852,549$16,562,591$21,148,888
65$25,165,158$18,678,886$17,069,001$22,644,224
66$27,682,041$19,544,188$17,590,849$24,265,719
67$30,454,072$20,450,316$18,128,605$26,025,136
68$33,507,227$21,399,221$18,682,753$27,935,391
69$36,870,129$22,392,948$19,253,790$30,010,666
70$40,574,320$23,433,640$19,842,229$32,266,538
71$44,654,557$24,523,544$20,448,600$34,720,117
72$49,149,139$25,665,016$21,073,446$37,390,201
73$54,100,274$26,860,524$21,717,329$40,297,444
74$59,554,469$28,112,656$22,380,826$43,464,544
75$65,562,974$29,424,126$23,064,534$46,916,451
76$72,182,267$30,797,778$23,769,065$50,680,586
77$79,474,581$32,236,592$24,495,051$54,787,099
78$87,508,498$33,743,694$25,243,145$59,269,138
79$96,359,590$35,322,361$26,014,016$64,163,155
80$106,111,139$36,976,027$26,808,356$69,509,234
81$116,854,916$38,708,294$27,626,877$75,351,466
82$128,692,053$40,522,935$28,470,312$81,738,347
83$141,733,992$42,423,909$29,339,418$88,723,224
84$156,103,542$44,415,363$30,234,971$96,364,788
85$171,936,036$46,501,649$31,157,776$104,727,614
86$189,380,608$48,687,326$32,108,657$113,882,756
87$208,601,599$50,977,174$33,088,466$123,908,399
88$229,780,113$53,376,206$34,098,081$134,890,589
89$253,115,721$55,889,677$35,138,403$146,924,024
90$278,828,350$58,523,096$36,210,364$160,112,930
91$307,160,353$61,282,240$37,314,924$174,572,031
92$338,378,804$64,173,164$38,453,068$190,427,610
93$372,778,011$67,202,218$39,625,815$207,818,683
94$410,682,302$70,376,061$40,834,214$226,898,291
95$452,449,080$73,701,671$42,079,343$247,834,923
96$498,472,200$77,186,367$43,362,315$270,814,083
97$549,185,688$80,837,822$44,684,276$296,040,020
98$605,067,836$84,664,083$46,046,407$323,737,631
99$666,645,716$88,673,584$47,449,923$354,154,556
100$734,500,161$92,875,171$48,896,076$387,563,491