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%13.4%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,132,051
2 years$588,682$577,719$567,093$556,791$546,798$530,483
3 years$388,557$377,546$366,947$356,741$346,911$331,013
4 years$288,513$277,536$267,043$257,012$247,420$232,062
5 years$228,503$217,592$207,237$197,410$188,085$173,311
6 years$188,509$177,680$167,478$157,870$148,825$134,653
7 years$159,953$149,215$139,175$129,794$121,035$107,469
8 years$138,546$127,905$118,031$108,881$100,410$87,449
9 years$121,905$111,364$101,660$92,742$84,560$72,197
10 years$108,600$98,162$88,630$79,945$72,049$60,276
11 years$97,721$87,388$78,028$69,576$61,965$50,770
12 years$88,662$78,435$69,248$61,027$53,697$43,067
13 years$81,002$70,882$61,869$53,878$46,825$36,746
14 years$74,442$64,430$55,589$47,827$41,047$31,502
15 years$68,762$58,858$50,190$42,653$36,141$27,114
16 years$63,797$54,001$45,504$38,191$31,941$23,415
17 years$59,421$49,733$41,407$34,315$28,321$20,279
18 years$55,535$45,955$37,799$30,924$25,182$17,604
19 years$52,063$42,591$34,603$27,943$22,445$15,314
20 years$48,941$39,578$31,757$25,308$20,048$13,345
21 years$46,120$36,865$29,211$22,968$17,941$11,647
22 years$43,560$34,412$26,922$20,883$16,082$10,179
23 years$41,225$32,185$24,858$19,019$14,436$8,905
24 years$39,088$30,155$22,989$17,346$12,975$7,799
25 years$37,125$28,299$21,293$15,842$11,676$6,836
26 years$35,316$26,597$19,748$14,485$10,517$5,996
27 years$33,644$25,031$18,338$13,258$9,482$5,263
28 years$32,094$23,586$17,047$12,147$8,556$4,622
29 years$30,654$22,251$15,864$11,139$7,726$4,061
30 years$29,312$21,014$14,777$10,223$6,981$3,570
31 years$28,059$19,865$13,776$9,389$6,311$3,140
32 years$26,887$18,796$12,853$8,629$5,709$2,762
33 years$25,788$17,800$12,001$7,935$5,167$2,430
34 years$24,756$16,871$11,213$7,301$4,678$2,139
35 years$23,785$16,002$10,483$6,721$4,237$1,883
36 years$22,871$15,188$9,807$6,190$3,839$1,658
37 years$22,007$14,425$9,179$5,703$3,479$1,460
38 years$21,191$13,709$8,596$5,257$3,154$1,286
39 years$20,419$13,036$8,053$4,847$2,860$1,133
40 years$19,687$12,402$7,548$4,471$2,594$998
41 years$18,993$11,806$7,078$4,125$2,354$880
42 years$18,333$11,244$6,639$3,807$2,136$775
43 years$17,706$10,713$6,230$3,514$1,938$683
44 years$17,109$10,212$5,848$3,245$1,759$602
45 years$16,540$9,738$5,491$2,996$1,597$531
46 years$15,998$9,289$5,157$2,768$1,450$468
47 years$15,480$8,865$4,845$2,557$1,317$412
48 years$14,985$8,463$4,553$2,363$1,196$364
49 years$14,512$8,081$4,280$2,184$1,086$321
50 years$14,059$7,720$4,024$2,018$987$283

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 $4,834 every year, while hoping to spend $53,474 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: 53/32/15 Blend
59$14,400,000$14,400,000$14,400,000$14,400,000
60$15,873,786$15,110,586$14,887,386$16,651,109
61$17,436,017$15,794,109$15,329,218$17,866,112
62$19,155,802$16,509,332$15,784,058$19,181,302
63$21,049,157$17,257,753$16,252,288$20,611,090
64$23,133,727$18,040,939$16,734,295$22,166,370
65$25,428,957$18,860,534$17,230,484$23,859,112
66$27,956,271$19,718,261$17,741,265$25,702,472
67$30,739,278$20,615,923$18,267,065$27,710,911
68$33,803,993$21,555,412$18,808,321$29,900,326
69$37,179,082$22,538,709$19,365,481$32,288,194
70$40,896,134$23,567,891$19,939,010$34,893,734
71$44,989,955$24,645,133$20,529,383$37,738,080
72$49,498,902$25,772,717$21,137,089$40,844,475
73$54,465,241$26,953,031$21,762,632$44,238,486
74$59,935,547$28,188,580$22,406,531$47,948,237
75$65,961,141$29,481,989$23,069,318$52,004,666
76$72,598,579$30,836,008$23,751,542$56,441,814
77$79,910,182$32,253,521$24,453,767$61,297,135
78$87,964,625$33,737,547$25,176,572$66,611,844
79$96,837,584$35,291,255$25,920,555$72,431,296
80$106,612,454$36,917,962$26,686,329$78,805,408
81$117,381,129$38,621,147$27,474,526$85,789,117
82$129,244,876$40,404,455$28,285,795$93,442,894
83$142,315,288$42,271,708$29,120,804$101,833,303
84$156,715,337$44,226,911$29,980,240$111,033,617
85$172,580,533$46,274,261$30,864,809$121,124,502
86$190,060,206$48,418,159$31,775,239$132,194,764
87$209,318,914$50,663,216$32,712,277$144,342,181
88$230,537,996$53,014,266$33,676,691$157,674,408
89$253,917,284$55,476,378$34,669,273$172,309,981
90$279,676,989$58,054,862$35,690,835$188,379,426
91$308,059,778$60,755,286$36,742,214$206,026,476
92$339,333,067$63,583,487$37,824,270$225,409,409
93$373,791,544$66,545,582$38,937,887$246,702,532
94$411,759,950$69,647,984$40,083,976$270,097,808
95$453,596,147$72,897,417$41,263,470$295,806,650
96$499,694,491$76,300,928$42,477,334$324,061,904
97$550,489,559$79,865,904$43,726,555$355,120,020
98$606,460,251$83,600,090$45,012,151$389,263,462
99$668,134,307$87,511,605$46,335,169$426,803,352
100$736,093,293$91,608,960$47,696,684$468,082,382