Can I retire at age 60 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,123,290
2 years$592,771$581,731$571,031$560,658$550,595$517,645
3 years$391,255$380,167$369,495$359,219$349,320$317,412
4 years$290,517$279,463$268,898$258,797$249,138$218,517
5 years$230,090$219,103$208,676$198,781$189,391$160,141
6 years$189,818$178,914$168,641$158,967$149,859$122,006
7 years$161,064$150,252$140,141$130,695$121,875$95,420
8 years$139,508$128,793$118,851$109,637$101,107$76,035
9 years$122,752$112,138$102,366$93,386$85,147$61,433
10 years$109,354$98,844$89,245$80,500$72,549$50,162
11 years$98,400$87,995$78,570$70,059$62,395$41,298
12 years$89,277$78,980$69,729$61,451$54,070$34,222
13 years$81,565$71,374$62,298$54,252$47,150$28,507
14 years$74,959$64,877$55,975$48,159$41,332$23,848
15 years$69,240$59,267$50,538$42,949$36,392$20,019
16 years$64,240$54,376$45,820$38,457$32,163$16,854
17 years$59,834$50,078$41,695$34,553$28,518$14,223
18 years$55,921$46,275$38,062$31,139$25,357$12,026
19 years$52,424$42,887$34,844$28,137$22,601$10,185
20 years$49,281$39,852$31,978$25,483$20,188$8,639
21 years$46,441$37,121$29,413$23,128$18,066$7,335
22 years$43,862$34,651$27,109$21,028$16,193$6,235
23 years$41,511$32,408$25,030$19,151$14,536$5,304
24 years$39,360$30,365$23,149$17,467$13,065$4,515
25 years$37,383$28,496$21,441$15,952$11,757$3,846
26 years$35,562$26,781$19,885$14,585$10,590$3,277
27 years$33,878$25,204$18,465$13,350$9,548$2,794
28 years$32,317$23,750$17,166$12,232$8,615$2,383
29 years$30,867$22,405$15,974$11,217$7,779$2,033
30 years$29,516$21,160$14,879$10,294$7,029$1,735
31 years$28,254$20,003$13,871$9,454$6,355$1,481
32 years$27,074$18,927$12,942$8,689$5,749$1,264
33 years$25,967$17,924$12,084$7,990$5,202$1,080
34 years$24,928$16,988$11,291$7,352$4,710$922
35 years$23,951$16,113$10,556$6,768$4,266$787
36 years$23,029$15,293$9,875$6,233$3,865$673
37 years$22,160$14,525$9,243$5,743$3,503$575
38 years$21,338$13,804$8,656$5,293$3,176$491
39 years$20,561$13,126$8,109$4,881$2,880$419
40 years$19,824$12,489$7,601$4,502$2,612$358
41 years$19,125$11,888$7,127$4,153$2,370$306
42 years$18,461$11,322$6,686$3,833$2,151$262
43 years$17,829$10,787$6,273$3,538$1,952$224
44 years$17,228$10,282$5,889$3,267$1,772$191
45 years$16,655$9,805$5,529$3,017$1,608$163
46 years$16,109$9,354$5,193$2,787$1,460$140
47 years$15,588$8,926$4,879$2,575$1,326$119
48 years$15,089$8,521$4,585$2,379$1,204$102
49 years$14,613$8,138$4,310$2,199$1,094$87
50 years$14,157$7,773$4,052$2,032$993$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,500,000, adding $5,340 every year, while hoping to spend $40,626 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: 74/20/6 Blend
59$14,500,000$14,500,000$14,500,000$14,500,000
60$15,984,508$15,216,008$14,991,258$17,156,492
61$17,571,702$15,918,367$15,450,240$18,630,888
62$19,319,429$16,653,779$15,923,235$20,239,862
63$21,244,018$17,423,823$16,410,672$22,001,231
64$23,363,468$18,230,150$16,912,989$23,930,042
65$25,697,606$19,074,492$17,430,639$26,042,858
66$28,268,286$19,958,666$17,964,089$28,357,909
67$31,099,585$20,884,574$18,513,819$30,895,260
68$34,218,036$21,854,211$19,080,326$33,676,996
69$37,652,877$22,869,669$19,664,118$36,727,432
70$41,436,327$23,933,140$20,265,723$40,073,334
71$45,603,889$25,046,920$20,885,681$43,744,170
72$50,194,686$26,213,419$21,524,552$47,772,382
73$55,251,828$27,435,162$22,182,909$52,193,694
74$60,822,824$28,714,794$22,861,345$57,047,439
75$66,960,024$30,055,090$23,560,472$62,376,928
76$73,721,115$31,458,959$24,280,917$68,229,853
77$81,169,671$32,929,449$25,023,329$74,658,736
78$89,375,742$34,469,757$25,788,376$81,721,415
79$98,416,525$36,083,233$26,576,744$89,481,588
80$108,377,089$37,773,390$27,389,144$98,009,409
81$119,351,176$39,543,910$28,226,304$107,382,139
82$131,442,088$41,398,654$29,088,977$117,684,876
83$144,763,662$43,341,668$29,977,938$129,011,350
84$159,441,342$45,377,196$30,893,986$141,464,797
85$175,613,367$47,509,687$31,837,942$155,158,934
86$193,432,071$49,743,803$32,810,654$170,219,017
87$213,065,328$52,084,434$33,812,996$186,783,023
88$234,698,127$54,536,707$34,845,867$205,002,939
89$258,534,325$57,105,995$35,910,193$225,046,192
90$284,798,571$59,797,934$37,006,930$247,097,220
91$313,738,423$62,618,430$38,137,059$271,359,202
92$345,626,687$65,573,678$39,301,596$298,055,969
93$380,763,994$68,670,173$40,501,584$327,434,106
94$419,481,632$71,914,722$41,738,097$359,765,269
95$462,144,680$75,314,465$43,012,245$395,348,738
96$509,155,450$78,876,887$44,325,168$434,514,233
97$560,957,287$82,609,836$45,678,043$477,625,011
98$618,038,753$86,521,540$47,072,080$525,081,288
99$680,938,240$90,620,629$48,508,528$577,323,999
100$750,249,049$94,916,149$49,988,673$634,838,947