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%16.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,111,383
2 years$584,594$573,707$563,155$552,924$543,001$514,053
3 years$385,858$374,924$364,399$354,264$344,502$316,431
4 years$286,510$275,609$265,189$255,227$245,702$218,723
5 years$226,916$216,081$205,797$196,039$186,779$160,968
6 years$187,200$176,446$166,315$156,774$147,792$123,174
7 years$158,843$148,179$138,208$128,893$120,194$96,772
8 years$137,584$127,017$117,212$108,125$99,713$77,475
9 years$121,058$110,591$100,954$92,098$83,972$62,900
10 years$107,846$97,481$88,014$79,390$71,549$51,617
11 years$97,042$86,781$77,486$69,093$61,534$42,713
12 years$88,046$77,890$68,767$60,604$53,324$35,582
13 years$80,440$70,390$61,439$53,504$46,500$29,800
14 years$73,925$63,982$55,203$47,495$40,761$25,067
15 years$68,285$58,449$49,841$42,357$35,890$21,162
16 years$63,354$53,626$45,188$37,926$31,719$17,918
17 years$59,008$49,388$41,120$34,076$28,125$15,209
18 years$55,150$45,636$37,537$30,710$25,007$12,936
19 years$51,701$42,295$34,363$27,749$22,289$11,022
20 years$48,601$39,303$31,537$25,132$19,909$9,405
21 years$45,800$36,609$29,008$22,809$17,817$8,035
22 years$43,257$34,173$26,735$20,738$15,970$6,872
23 years$40,939$31,961$24,685$18,887$14,336$5,883
24 years$38,817$29,946$22,830$17,226$12,885$5,040
25 years$36,868$28,103$21,145$15,732$11,595$4,320
26 years$35,071$26,412$19,611$14,384$10,444$3,706
27 years$33,411$24,857$18,210$13,166$9,416$3,180
28 years$31,872$23,422$16,929$12,063$8,496$2,730
29 years$30,441$22,096$15,754$11,062$7,672$2,344
30 years$29,109$20,868$14,674$10,152$6,932$2,014
31 years$27,864$19,727$13,680$9,324$6,267$1,730
32 years$26,700$18,666$12,764$8,569$5,669$1,487
33 years$25,609$17,677$11,918$7,880$5,131$1,278
34 years$24,584$16,753$11,135$7,250$4,645$1,099
35 years$23,620$15,890$10,411$6,674$4,207$945
36 years$22,712$15,082$9,739$6,147$3,812$813
37 years$21,854$14,325$9,115$5,663$3,455$699
38 years$21,044$13,614$8,536$5,220$3,132$601
39 years$20,277$12,945$7,997$4,813$2,840$517
40 years$19,550$12,316$7,496$4,440$2,576$445
41 years$18,861$11,724$7,029$4,096$2,337$383
42 years$18,206$11,165$6,593$3,780$2,121$329
43 years$17,583$10,638$6,187$3,490$1,925$283
44 years$16,990$10,141$5,808$3,222$1,747$244
45 years$16,426$9,670$5,453$2,976$1,586$210
46 years$15,887$9,225$5,122$2,749$1,440$180
47 years$15,373$8,803$4,812$2,539$1,308$155
48 years$14,881$8,404$4,522$2,346$1,188$134
49 years$14,411$8,025$4,250$2,169$1,079$115
50 years$13,962$7,666$3,996$2,004$980$99

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 $2,174 every year, while hoping to spend $42,515 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: 60/28/12 Blend
59$14,300,000$14,300,000$14,300,000$14,300,000
60$15,760,842$15,002,942$14,781,292$16,660,732
61$17,323,213$15,692,851$15,231,230$17,955,961
62$19,043,520$16,415,140$15,694,816$19,363,185
63$20,937,829$17,171,352$16,172,462$20,897,170
64$23,023,841$17,963,101$16,664,593$22,570,147
65$25,321,062$18,792,083$17,171,646$24,395,567
66$27,850,987$19,660,072$17,694,073$26,388,218
67$30,637,300$20,568,928$18,232,337$28,564,364
68$33,706,101$21,520,602$18,786,917$30,941,895
69$37,086,149$22,517,137$19,358,304$33,540,489
70$40,809,136$23,560,676$19,947,007$36,381,791
71$44,909,984$24,653,465$20,553,548$39,489,618
72$49,427,175$25,797,858$21,178,464$42,890,171
73$54,403,116$26,996,322$21,822,312$46,612,284
74$59,884,535$28,251,443$22,485,660$50,687,684
75$65,922,926$29,565,932$23,169,099$55,151,288
76$72,575,034$30,942,632$23,873,232$60,041,526
77$79,903,387$32,384,521$24,598,686$65,400,695
78$87,976,892$33,894,722$25,346,101$71,275,352
79$96,871,481$35,476,509$26,116,141$77,716,748
80$106,670,827$37,133,313$26,909,487$84,781,299
81$117,467,138$38,868,732$27,726,842$92,531,118
82$129,362,023$40,686,537$28,568,928$101,034,587
83$142,467,453$42,590,681$29,436,491$110,366,993
84$156,906,818$44,585,309$30,330,298$120,611,236
85$172,816,091$46,674,766$31,251,140$131,858,595
86$190,345,109$48,863,607$32,199,831$144,209,582
87$209,658,994$51,156,607$33,177,208$157,774,881
88$230,939,703$53,558,773$34,184,137$172,676,381
89$254,387,753$56,075,353$35,221,505$189,048,315
90$280,224,108$58,711,849$36,290,230$207,038,516
91$308,692,268$61,474,032$37,391,254$226,809,798
92$340,060,568$64,367,948$38,525,550$248,541,479
93$374,624,708$67,399,939$39,694,117$272,431,065
94$412,710,545$70,576,653$40,897,988$298,696,093
95$454,677,173$73,905,062$42,138,223$327,576,174
96$500,920,307$77,392,472$43,415,915$359,335,238
97$551,876,021$81,046,546$44,732,191$394,264,009
98$608,024,866$84,875,317$46,088,211$432,682,729
99$669,896,405$88,887,210$47,485,168$474,944,168
100$738,074,209$93,091,055$48,924,292$521,436,932