Can I retire at age 60 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,149,676
2 years$596,859$585,743$574,970$564,524$554,393$539,754
3 years$393,953$382,789$372,043$361,696$351,729$337,455
4 years$292,520$281,391$270,752$260,582$250,856$237,057
5 years$231,677$220,614$210,115$200,152$190,697$177,412
6 years$191,127$180,148$169,804$160,063$150,892$138,137
7 years$162,175$151,288$141,108$131,597$122,716$110,496
8 years$140,471$129,682$119,671$110,393$101,804$90,119
9 years$123,598$112,911$103,072$94,030$85,734$74,578
10 years$110,108$99,526$89,861$81,055$73,050$62,415
11 years$99,078$88,602$79,112$70,542$62,825$52,703
12 years$89,893$79,524$70,210$61,875$54,443$44,821
13 years$82,127$71,867$62,728$54,626$47,475$38,342
14 years$75,476$65,325$56,361$48,491$41,617$32,958
15 years$69,718$59,675$50,887$43,246$36,643$28,445
16 years$64,684$54,751$46,136$38,722$32,385$24,633
17 years$60,246$50,424$41,982$34,791$28,715$21,394
18 years$56,307$46,594$38,324$31,354$25,532$18,626
19 years$52,786$43,183$35,084$28,331$22,757$16,250
20 years$49,621$40,127$32,198$25,659$20,327$14,203
21 years$46,761$37,377$29,616$23,287$18,190$12,433
22 years$44,165$34,890$27,296$21,173$16,305$10,898
23 years$41,798$32,632$25,203$19,283$14,636$9,564
24 years$39,631$30,574$23,309$17,587$13,155$8,402
25 years$37,641$28,692$21,588$16,062$11,838$7,388
26 years$35,807$26,966$20,022$14,686$10,663$6,501
27 years$34,112$25,378$18,592$13,442$9,614$5,724
28 years$32,540$23,914$17,284$12,316$8,675$5,044
29 years$31,080$22,560$16,084$11,294$7,833$4,446
30 years$29,719$21,305$14,982$10,365$7,078$3,921
31 years$28,449$20,141$13,967$9,520$6,399$3,460
32 years$27,261$19,057$13,032$8,749$5,788$3,053
33 years$26,146$18,047$12,168$8,045$5,238$2,696
34 years$25,100$17,105$11,369$7,402$4,743$2,381
35 years$24,116$16,224$10,629$6,814$4,296$2,103
36 years$23,188$15,399$9,943$6,276$3,892$1,858
37 years$22,313$14,625$9,307$5,782$3,528$1,642
38 years$21,485$13,899$8,715$5,330$3,198$1,451
39 years$20,702$13,217$8,165$4,914$2,900$1,283
40 years$19,961$12,575$7,653$4,533$2,630$1,134
41 years$19,257$11,970$7,176$4,182$2,386$1,003
42 years$18,588$11,400$6,732$3,859$2,165$887
43 years$17,952$10,862$6,317$3,563$1,965$784
44 years$17,347$10,353$5,929$3,290$1,784$694
45 years$16,770$9,873$5,567$3,038$1,619$613
46 years$16,220$9,418$5,229$2,806$1,470$543
47 years$15,695$8,988$4,913$2,593$1,335$480
48 years$15,193$8,580$4,617$2,396$1,213$425
49 years$14,714$8,194$4,339$2,214$1,101$376
50 years$14,255$7,827$4,080$2,046$1,000$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,600,000, adding $4,295 every year, while hoping to spend $31,925 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: 69/9/22 Blend
59$14,600,000$14,600,000$14,600,000$14,600,000
60$16,093,630$15,319,830$15,093,530$17,115,072
61$17,701,213$16,036,534$15,565,196$18,515,507
62$19,471,698$16,787,286$16,051,592$20,043,307
63$21,421,670$17,573,722$16,553,178$21,714,410
64$23,569,400$18,397,554$17,070,430$23,542,980
65$25,935,025$19,260,580$17,603,835$25,544,609
66$28,540,731$20,164,682$18,153,897$27,736,460
67$31,410,971$21,111,837$18,721,138$30,137,429
68$34,572,686$22,104,112$19,306,092$32,768,322
69$38,055,566$23,143,680$19,909,313$35,652,043
70$41,892,329$24,232,816$20,531,370$38,813,816
71$46,119,028$25,373,905$21,172,851$42,281,413
72$50,775,390$26,569,448$21,834,364$46,085,417
73$55,905,196$27,822,067$22,516,531$50,259,508
74$61,556,691$29,134,513$23,219,999$54,840,774
75$67,783,036$30,509,667$23,945,432$59,870,064
76$74,642,817$31,950,552$24,693,515$65,392,365
77$82,200,592$33,460,336$25,464,956$71,457,227
78$90,527,502$35,042,343$26,260,481$78,119,223
79$99,701,944$36,700,054$27,080,845$85,438,465
80$109,810,309$38,437,124$27,926,820$93,481,164
81$120,947,799$40,257,381$28,799,207$102,320,252
82$133,219,323$42,164,842$29,698,829$112,036,067
83$146,740,491$44,163,715$30,626,536$122,717,108
84$161,638,700$46,258,417$31,583,204$134,460,861
85$178,054,344$48,453,575$32,569,738$147,374,720
86$196,142,130$50,754,044$33,587,067$161,576,994
87$216,072,548$53,164,912$34,636,154$177,198,016
88$238,033,471$55,691,517$35,717,989$194,381,374
89$262,231,937$58,339,453$36,833,594$213,285,253
90$288,896,096$61,114,588$37,984,021$234,083,929
91$318,277,370$64,023,074$39,170,357$256,969,405
92$350,652,820$67,071,363$40,393,723$282,153,219
93$386,327,768$70,266,220$41,655,272$309,868,430
94$425,638,674$73,614,738$42,956,197$340,371,819
95$468,956,314$77,124,356$44,297,726$373,946,297
96$516,689,283$80,802,874$45,681,124$410,903,577
97$569,287,846$84,658,472$47,107,698$451,587,099
98$627,248,194$88,699,725$48,578,794$496,375,276
99$691,117,128$92,935,629$50,095,801$545,685,046
100$761,497,215$97,375,615$51,660,151$599,975,808