Can I retire at age 60 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,114,547
2 years$584,594$573,707$563,155$552,924$543,001$517,191
3 years$385,858$374,924$364,399$354,264$344,502$319,444
4 years$286,510$275,609$265,189$255,227$245,702$221,588
5 years$226,916$216,081$205,797$196,039$186,779$163,677
6 years$187,200$176,446$166,315$156,774$147,792$125,726
7 years$158,843$148,179$138,208$128,893$120,194$99,168
8 years$137,584$127,017$117,212$108,125$99,713$79,719
9 years$121,058$110,591$100,954$92,098$83,972$64,995
10 years$107,846$97,481$88,014$79,390$71,549$53,568
11 years$97,042$86,781$77,486$69,093$61,534$44,527
12 years$88,046$77,890$68,767$60,604$53,324$37,262
13 years$80,440$70,390$61,439$53,504$46,500$31,354
14 years$73,925$63,982$55,203$47,495$40,761$26,501
15 years$68,285$58,449$49,841$42,357$35,890$22,482
16 years$63,354$53,626$45,188$37,926$31,719$19,131
17 years$59,008$49,388$41,120$34,076$28,125$16,321
18 years$55,150$45,636$37,537$30,710$25,007$13,954
19 years$51,701$42,295$34,363$27,749$22,289$11,952
20 years$48,601$39,303$31,537$25,132$19,909$10,252
21 years$45,800$36,609$29,008$22,809$17,817$8,806
22 years$43,257$34,173$26,735$20,738$15,970$7,573
23 years$40,939$31,961$24,685$18,887$14,336$6,518
24 years$38,817$29,946$22,830$17,226$12,885$5,615
25 years$36,868$28,103$21,145$15,732$11,595$4,840
26 years$35,071$26,412$19,611$14,384$10,444$4,175
27 years$33,411$24,857$18,210$13,166$9,416$3,603
28 years$31,872$23,422$16,929$12,063$8,496$3,111
29 years$30,441$22,096$15,754$11,062$7,672$2,687
30 years$29,109$20,868$14,674$10,152$6,932$2,321
31 years$27,864$19,727$13,680$9,324$6,267$2,006
32 years$26,700$18,666$12,764$8,569$5,669$1,734
33 years$25,609$17,677$11,918$7,880$5,131$1,500
34 years$24,584$16,753$11,135$7,250$4,645$1,297
35 years$23,620$15,890$10,411$6,674$4,207$1,122
36 years$22,712$15,082$9,739$6,147$3,812$970
37 years$21,854$14,325$9,115$5,663$3,455$839
38 years$21,044$13,614$8,536$5,220$3,132$726
39 years$20,277$12,945$7,997$4,813$2,840$629
40 years$19,550$12,316$7,496$4,440$2,576$544
41 years$18,861$11,724$7,029$4,096$2,337$471
42 years$18,206$11,165$6,593$3,780$2,121$407
43 years$17,583$10,638$6,187$3,490$1,925$353
44 years$16,990$10,141$5,808$3,222$1,747$305
45 years$16,426$9,670$5,453$2,976$1,586$264
46 years$15,887$9,225$5,122$2,749$1,440$229
47 years$15,373$8,803$4,812$2,539$1,308$198
48 years$14,881$8,404$4,522$2,346$1,188$171
49 years$14,411$8,025$4,250$2,169$1,079$148
50 years$13,962$7,666$3,996$2,004$980$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,300,000, adding $2,602 every year, while hoping to spend $54,115 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: 72/12/16 Blend
59$14,300,000$14,300,000$14,300,000$14,300,000
60$15,761,284$15,003,384$14,781,734$16,838,339
61$17,311,357$15,680,972$15,219,344$18,230,990
62$19,017,724$16,389,948$15,669,800$19,748,777
63$20,896,269$17,131,793$16,133,476$21,409,505
64$22,964,496$17,908,058$16,610,756$23,227,322
65$25,241,692$18,720,370$17,102,033$25,217,800
66$27,749,109$19,570,433$17,607,715$27,398,084
67$30,510,164$20,460,030$18,128,220$29,787,048
68$33,550,662$21,391,032$18,663,976$32,405,473
69$36,899,037$22,365,401$19,215,427$35,276,240
70$40,586,622$23,385,189$19,783,028$38,424,544
71$44,647,944$24,452,549$20,367,245$41,878,127
72$49,121,046$25,569,737$20,968,560$45,667,541
73$54,047,855$26,739,115$21,587,468$49,826,427
74$59,474,566$27,963,162$22,224,478$54,391,839
75$65,452,087$29,244,472$22,880,114$59,404,581
76$72,036,516$30,585,767$23,554,914$64,909,594
77$79,289,668$31,989,897$24,249,431$70,956,377
78$87,279,663$33,459,851$24,964,236$77,599,448
79$96,081,564$34,998,760$25,699,913$84,898,859
80$105,778,090$36,609,905$26,457,067$92,920,752
81$116,460,392$38,296,727$27,236,315$101,737,989
82$128,228,916$40,062,831$28,038,296$111,430,825
83$141,194,351$41,911,995$28,863,664$122,087,670
84$155,478,672$43,848,180$29,713,094$133,805,914
85$171,216,292$45,875,537$30,587,278$146,692,843
86$188,555,332$47,998,416$31,486,930$160,866,649
87$207,659,015$50,221,378$32,412,782$176,457,534
88$228,707,212$52,549,203$33,365,587$193,608,942
89$251,898,135$54,986,901$34,346,122$212,478,901
90$277,450,210$57,539,724$35,355,182$233,241,513
91$305,604,138$60,213,177$36,393,587$256,088,588
92$336,625,168$63,013,031$37,462,180$281,231,452
93$370,805,599$65,945,333$38,561,827$308,902,931
94$408,467,542$69,016,426$39,693,420$339,359,546
95$449,965,955$72,232,954$40,857,873$372,883,925
96$495,692,000$75,601,887$42,056,130$409,787,464
97$546,076,731$79,130,527$43,289,158$450,413,259
98$601,595,166$82,826,531$44,557,953$495,139,336
99$662,770,767$86,697,925$45,863,538$544,382,211
100$730,180,386$90,753,124$47,206,967$598,600,816