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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,109,138
2 years$584,594$573,707$563,155$552,924$543,001$511,831
3 years$385,858$374,924$364,399$354,264$344,502$314,302
4 years$286,510$275,609$265,189$255,227$245,702$216,704
5 years$226,916$216,081$205,797$196,039$186,779$159,063
6 years$187,200$176,446$166,315$156,774$147,792$121,384
7 years$158,843$148,179$138,208$128,893$120,194$95,096
8 years$137,584$127,017$117,212$108,125$99,713$75,910
9 years$121,058$110,591$100,954$92,098$83,972$61,444
10 years$107,846$97,481$88,014$79,390$71,549$50,265
11 years$97,042$86,781$77,486$69,093$61,534$41,462
12 years$88,046$77,890$68,767$60,604$53,324$34,426
13 years$80,440$70,390$61,439$53,504$46,500$28,735
14 years$73,925$63,982$55,203$47,495$40,761$24,088
15 years$68,285$58,449$49,841$42,357$35,890$20,264
16 years$63,354$53,626$45,188$37,926$31,719$17,097
17 years$59,008$49,388$41,120$34,076$28,125$14,459
18 years$55,150$45,636$37,537$30,710$25,007$12,253
19 years$51,701$42,295$34,363$27,749$22,289$10,401
20 years$48,601$39,303$31,537$25,132$19,909$8,842
21 years$45,800$36,609$29,008$22,809$17,817$7,525
22 years$43,257$34,173$26,735$20,738$15,970$6,411
23 years$40,939$31,961$24,685$18,887$14,336$5,466
24 years$38,817$29,946$22,830$17,226$12,885$4,664
25 years$36,868$28,103$21,145$15,732$11,595$3,983
26 years$35,071$26,412$19,611$14,384$10,444$3,402
27 years$33,411$24,857$18,210$13,166$9,416$2,908
28 years$31,872$23,422$16,929$12,063$8,496$2,486
29 years$30,441$22,096$15,754$11,062$7,672$2,126
30 years$29,109$20,868$14,674$10,152$6,932$1,819
31 years$27,864$19,727$13,680$9,324$6,267$1,556
32 years$26,700$18,666$12,764$8,569$5,669$1,332
33 years$25,609$17,677$11,918$7,880$5,131$1,140
34 years$24,584$16,753$11,135$7,250$4,645$976
35 years$23,620$15,890$10,411$6,674$4,207$836
36 years$22,712$15,082$9,739$6,147$3,812$716
37 years$21,854$14,325$9,115$5,663$3,455$613
38 years$21,044$13,614$8,536$5,220$3,132$525
39 years$20,277$12,945$7,997$4,813$2,840$450
40 years$19,550$12,316$7,496$4,440$2,576$385
41 years$18,861$11,724$7,029$4,096$2,337$330
42 years$18,206$11,165$6,593$3,780$2,121$283
43 years$17,583$10,638$6,187$3,490$1,925$242
44 years$16,990$10,141$5,808$3,222$1,747$208
45 years$16,426$9,670$5,453$2,976$1,586$178
46 years$15,887$9,225$5,122$2,749$1,440$152
47 years$15,373$8,803$4,812$2,539$1,308$131
48 years$14,881$8,404$4,522$2,346$1,188$112
49 years$14,411$8,025$4,250$2,169$1,079$96
50 years$13,962$7,666$3,996$2,004$980$82

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 $5,650 every year, while hoping to spend $26,157 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: 70/15/15 Blend
59$14,300,000$14,300,000$14,300,000$14,300,000
60$15,764,428$15,006,528$14,784,878$16,813,494
61$17,344,569$15,714,017$15,252,341$18,219,027
62$19,085,007$16,455,296$15,734,586$19,753,075
63$21,002,066$17,231,994$16,232,083$21,431,308
64$23,113,732$18,045,817$16,745,313$23,267,944
65$25,439,826$18,898,555$17,274,775$25,278,631
66$28,002,189$19,792,086$17,820,981$27,480,594
67$30,824,890$20,728,375$18,384,460$29,892,789
68$33,934,450$21,709,486$18,965,761$32,536,086
69$37,360,096$22,737,583$19,565,446$35,433,458
70$41,134,034$23,814,933$20,184,097$38,610,195
71$45,291,754$24,943,914$20,822,313$42,094,143
72$49,872,367$26,127,020$21,480,715$45,915,958
73$54,918,970$27,366,865$22,159,939$50,109,397
74$60,479,053$28,666,190$22,860,646$54,711,628
75$66,604,954$30,027,870$23,583,515$59,763,580
76$73,354,343$31,454,919$24,329,246$65,310,325
77$80,790,773$32,950,498$25,098,564$71,401,498
78$88,984,280$34,517,920$25,892,213$78,091,759
79$98,012,039$36,160,660$26,710,965$85,441,308
80$107,959,097$37,882,363$27,555,612$93,516,449
81$118,919,175$39,686,849$28,426,975$102,390,204
82$130,995,550$41,578,124$29,325,899$112,143,005
83$144,302,035$43,560,390$30,253,254$122,863,440
84$158,964,046$45,638,053$31,209,942$134,649,092
85$175,119,793$47,815,733$32,196,890$147,607,445
86$192,921,582$50,098,273$33,215,055$161,856,898
87$212,537,249$52,490,754$34,265,426$177,527,874
88$234,151,750$54,998,503$35,349,020$194,764,043
89$257,968,906$57,627,107$36,466,889$213,723,675
90$284,213,322$60,382,423$37,620,117$234,581,121
91$313,132,514$63,270,594$38,809,824$257,528,454
92$344,999,240$66,298,063$40,037,163$282,777,273
93$380,114,079$69,471,585$41,303,325$310,560,693
94$418,808,267$72,798,245$42,609,538$341,135,533
95$461,446,823$76,285,471$43,957,070$374,784,735
96$508,431,994$79,941,055$45,347,227$411,820,023
97$560,207,058$83,773,167$46,781,359$452,584,833
98$617,260,500$87,790,374$48,260,857$497,457,550
99$680,130,632$92,001,663$49,787,157$546,855,062
100$749,410,668$96,416,457$51,361,738$601,236,688