Can I retire at age 60 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,106,215
2 years$588,682$577,719$567,093$556,791$546,798$504,890
3 years$388,557$377,546$366,947$356,741$346,911$306,475
4 years$288,513$277,536$267,043$257,012$247,420$208,763
5 years$228,503$217,592$207,237$197,410$188,085$151,309
6 years$188,509$177,680$167,478$157,870$148,825$113,956
7 years$159,953$149,215$139,175$129,794$121,035$88,064
8 years$138,546$127,905$118,031$108,881$100,410$69,309
9 years$121,905$111,364$101,660$92,742$84,560$55,285
10 years$108,600$98,162$88,630$79,945$72,049$44,550
11 years$97,721$87,388$78,028$69,576$61,965$36,182
12 years$88,662$78,435$69,248$61,027$53,697$29,567
13 years$81,002$70,882$61,869$53,878$46,825$24,281
14 years$74,442$64,430$55,589$47,827$41,047$20,018
15 years$68,762$58,858$50,190$42,653$36,141$16,556
16 years$63,797$54,001$45,504$38,191$31,941$13,729
17 years$59,421$49,733$41,407$34,315$28,321$11,408
18 years$55,535$45,955$37,799$30,924$25,182$9,496
19 years$52,063$42,591$34,603$27,943$22,445$7,916
20 years$48,941$39,578$31,757$25,308$20,048$6,607
21 years$46,120$36,865$29,211$22,968$17,941$5,520
22 years$43,560$34,412$26,922$20,883$16,082$4,615
23 years$41,225$32,185$24,858$19,019$14,436$3,862
24 years$39,088$30,155$22,989$17,346$12,975$3,233
25 years$37,125$28,299$21,293$15,842$11,676$2,708
26 years$35,316$26,597$19,748$14,485$10,517$2,269
27 years$33,644$25,031$18,338$13,258$9,482$1,902
28 years$32,094$23,586$17,047$12,147$8,556$1,594
29 years$30,654$22,251$15,864$11,139$7,726$1,337
30 years$29,312$21,014$14,777$10,223$6,981$1,122
31 years$28,059$19,865$13,776$9,389$6,311$941
32 years$26,887$18,796$12,853$8,629$5,709$789
33 years$25,788$17,800$12,001$7,935$5,167$662
34 years$24,756$16,871$11,213$7,301$4,678$556
35 years$23,785$16,002$10,483$6,721$4,237$467
36 years$22,871$15,188$9,807$6,190$3,839$392
37 years$22,007$14,425$9,179$5,703$3,479$329
38 years$21,191$13,709$8,596$5,257$3,154$276
39 years$20,419$13,036$8,053$4,847$2,860$232
40 years$19,687$12,402$7,548$4,471$2,594$194
41 years$18,993$11,806$7,078$4,125$2,354$163
42 years$18,333$11,244$6,639$3,807$2,136$137
43 years$17,706$10,713$6,230$3,514$1,938$115
44 years$17,109$10,212$5,848$3,245$1,759$97
45 years$16,540$9,738$5,491$2,996$1,597$81
46 years$15,998$9,289$5,157$2,768$1,450$68
47 years$15,480$8,865$4,845$2,557$1,317$57
48 years$14,985$8,463$4,553$2,363$1,196$48
49 years$14,512$8,081$4,280$2,184$1,086$40
50 years$14,059$7,720$4,024$2,018$987$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,400,000, adding $6,350 every year, while hoping to spend $20,117 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: 61/22/17 Blend
59$14,400,000$14,400,000$14,400,000$14,400,000
60$15,875,350$15,112,150$14,888,950$16,774,708
61$17,473,231$15,831,241$15,366,326$18,100,860
62$19,233,422$16,584,893$15,859,019$19,544,641
63$21,172,457$17,374,779$16,367,522$21,119,785
64$23,308,557$18,202,652$16,892,343$22,839,035
65$25,661,798$19,070,350$17,434,005$24,716,404
66$28,254,307$19,979,803$17,993,049$26,767,305
67$31,110,464$20,933,031$18,570,034$29,008,692
68$34,257,137$21,932,155$19,165,536$31,459,217
69$37,723,933$22,979,399$19,780,150$34,139,400
70$41,543,479$24,077,094$20,414,489$37,071,819
71$45,751,726$25,227,684$21,069,187$40,281,318
72$50,388,295$26,433,734$21,744,898$43,795,236
73$55,496,847$27,697,932$22,442,297$47,643,662
74$61,125,492$29,023,097$23,162,081$51,859,711
75$67,327,249$30,412,186$23,904,968$56,479,832
76$74,160,546$31,868,300$24,671,701$61,544,145
77$81,689,764$33,394,690$25,463,046$67,096,817
78$89,985,856$34,994,766$26,279,794$73,186,467
79$99,127,007$36,672,103$27,122,761$79,866,622
80$109,199,377$38,430,451$27,992,788$87,196,214
81$120,297,913$40,273,743$28,890,746$95,240,129
82$132,527,246$42,206,102$29,817,532$104,069,812
83$146,002,678$44,231,854$30,774,072$113,763,931
84$160,851,270$46,355,534$31,761,323$124,409,114
85$177,213,042$48,581,898$32,780,270$136,100,757
86$195,242,296$50,915,934$33,831,933$148,943,915
87$215,109,070$53,362,875$34,917,362$163,054,282
88$237,000,745$55,928,205$36,037,643$178,559,277
89$261,123,812$58,617,679$37,193,896$195,599,233
90$287,705,826$61,437,330$38,387,276$214,328,711
91$316,997,548$64,393,487$39,618,978$234,917,948
92$349,275,316$67,492,786$40,890,232$257,554,453
93$384,843,653$70,742,187$42,202,309$282,444,761
94$424,038,141$74,148,990$43,556,522$309,816,374
95$467,228,591$77,720,850$44,954,225$339,919,889
96$514,822,531$81,465,796$46,396,815$373,031,354
97$567,269,057$85,392,247$47,885,736$409,454,857
98$625,063,070$89,509,036$49,422,477$449,525,380
99$688,749,947$93,825,423$51,008,574$493,611,946
100$758,930,695$98,351,122$52,645,615$542,121,081