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%18.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,109,743
2 years$588,682$577,719$567,093$556,791$546,798$508,357
3 years$388,557$377,546$366,947$356,741$346,911$309,769
4 years$288,513$277,536$267,043$257,012$247,420$211,861
5 years$228,503$217,592$207,237$197,410$188,085$154,203
6 years$188,509$177,680$167,478$157,870$148,825$116,648
7 years$159,953$149,215$139,175$129,794$121,035$90,557
8 years$138,546$127,905$118,031$108,881$100,410$71,609
9 years$121,905$111,364$101,660$92,742$84,560$57,401
10 years$108,600$98,162$88,630$79,945$72,049$46,489
11 years$97,721$87,388$78,028$69,576$61,965$37,953
12 years$88,662$78,435$69,248$61,027$53,697$31,181
13 years$81,002$70,882$61,869$53,878$46,825$25,746
14 years$74,442$64,430$55,589$47,827$41,047$21,345
15 years$68,762$58,858$50,190$42,653$36,141$17,754
16 years$63,797$54,001$45,504$38,191$31,941$14,808
17 years$59,421$49,733$41,407$34,315$28,321$12,377
18 years$55,535$45,955$37,799$30,924$25,182$10,365
19 years$52,063$42,591$34,603$27,943$22,445$8,693
20 years$48,941$39,578$31,757$25,308$20,048$7,300
21 years$46,120$36,865$29,211$22,968$17,941$6,137
22 years$43,560$34,412$26,922$20,883$16,082$5,163
23 years$41,225$32,185$24,858$19,019$14,436$4,347
24 years$39,088$30,155$22,989$17,346$12,975$3,663
25 years$37,125$28,299$21,293$15,842$11,676$3,088
26 years$35,316$26,597$19,748$14,485$10,517$2,604
27 years$33,644$25,031$18,338$13,258$9,482$2,197
28 years$32,094$23,586$17,047$12,147$8,556$1,854
29 years$30,654$22,251$15,864$11,139$7,726$1,565
30 years$29,312$21,014$14,777$10,223$6,981$1,321
31 years$28,059$19,865$13,776$9,389$6,311$1,116
32 years$26,887$18,796$12,853$8,629$5,709$942
33 years$25,788$17,800$12,001$7,935$5,167$796
34 years$24,756$16,871$11,213$7,301$4,678$672
35 years$23,785$16,002$10,483$6,721$4,237$568
36 years$22,871$15,188$9,807$6,190$3,839$480
37 years$22,007$14,425$9,179$5,703$3,479$406
38 years$21,191$13,709$8,596$5,257$3,154$343
39 years$20,419$13,036$8,053$4,847$2,860$290
40 years$19,687$12,402$7,548$4,471$2,594$245
41 years$18,993$11,806$7,078$4,125$2,354$207
42 years$18,333$11,244$6,639$3,807$2,136$175
43 years$17,706$10,713$6,230$3,514$1,938$148
44 years$17,109$10,212$5,848$3,245$1,759$125
45 years$16,540$9,738$5,491$2,996$1,597$106
46 years$15,998$9,289$5,157$2,768$1,450$89
47 years$15,480$8,865$4,845$2,557$1,317$75
48 years$14,985$8,463$4,553$2,363$1,196$64
49 years$14,512$8,081$4,280$2,184$1,086$54
50 years$14,059$7,720$4,024$2,018$987$46

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 $3,017 every year, while hoping to spend $38,380 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: 60/20/20 Blend
59$14,400,000$14,400,000$14,400,000$14,400,000
60$15,871,912$15,108,712$14,885,512$16,740,910
61$17,450,011$15,808,203$15,343,341$18,029,150
62$19,187,790$16,540,682$15,815,220$19,429,481
63$21,101,495$17,307,727$16,301,581$20,956,382
64$23,209,030$18,110,987$16,802,866$22,622,130
65$25,530,121$18,952,196$17,319,532$24,440,226
66$28,086,508$19,833,168$17,852,051$26,425,522
67$30,902,144$20,755,805$18,400,907$28,594,355
68$34,003,425$21,722,102$18,966,600$30,964,700
69$37,419,439$22,734,150$19,549,645$33,556,335
70$41,182,237$23,794,139$20,150,574$36,391,024
71$45,327,141$24,904,367$20,769,934$39,492,714
72$49,893,070$26,067,242$21,408,288$42,887,761
73$54,922,915$27,285,289$22,066,217$46,605,176
74$60,463,938$28,561,154$22,744,321$50,676,886
75$66,568,220$29,897,611$23,443,216$55,138,037
76$73,293,154$31,297,569$24,163,539$60,027,319
77$80,701,982$32,764,076$24,905,944$65,387,324
78$88,864,398$34,300,329$25,671,107$71,264,942
79$97,857,200$35,909,680$26,459,723$77,711,802
80$107,765,021$37,595,640$27,272,510$84,784,745
81$118,681,121$39,361,894$28,110,206$92,546,362
82$130,708,271$41,212,302$28,973,574$101,065,573
83$143,959,723$43,150,914$29,863,397$110,418,272
84$158,560,278$45,181,972$30,780,484$120,688,035
85$174,647,464$47,309,927$31,725,669$131,966,901
86$192,372,836$49,539,444$32,699,809$144,356,235
87$211,903,403$51,875,414$33,703,790$157,967,672
88$233,423,206$54,322,965$34,738,523$172,924,165
89$257,135,058$56,887,475$35,804,948$189,361,137
90$283,262,453$59,574,581$36,904,033$207,427,744
91$312,051,680$62,390,192$38,036,775$227,288,280
92$343,774,147$65,340,507$39,204,203$249,123,712
93$378,728,941$68,432,023$40,407,375$273,133,379
94$417,245,654$71,671,553$41,647,383$299,536,862
95$459,687,492$75,066,240$42,925,351$328,576,045
96$506,454,705$78,623,575$44,242,439$360,517,384
97$557,988,365$82,351,410$45,599,841$395,654,411
98$614,774,529$86,257,980$46,998,787$434,310,488
99$677,348,830$90,351,920$48,440,546$476,841,851
100$746,301,530$94,642,283$49,926,423$523,640,950