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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,136,541
2 years$596,859$585,743$574,970$564,524$554,393$526,664
3 years$393,953$382,789$372,043$361,696$351,729$324,822
4 years$292,520$281,391$270,752$260,582$250,856$224,977
5 years$231,677$220,614$210,115$200,152$190,697$165,919
6 years$191,127$180,148$169,804$160,063$150,892$127,240
7 years$162,175$151,288$141,108$131,597$122,716$100,192
8 years$140,471$129,682$119,671$110,393$101,804$80,401
9 years$123,598$112,911$103,072$94,030$85,734$65,434
10 years$110,108$99,526$89,861$81,055$73,050$53,830
11 years$99,078$88,602$79,112$70,542$62,825$44,658
12 years$89,893$79,524$70,210$61,875$54,443$37,299
13 years$82,127$71,867$62,728$54,626$47,475$31,323
14 years$75,476$65,325$56,361$48,491$41,617$26,420
15 years$69,718$59,675$50,887$43,246$36,643$22,366
16 years$64,684$54,751$46,136$38,722$32,385$18,992
17 years$60,246$50,424$41,982$34,791$28,715$16,167
18 years$56,307$46,594$38,324$31,354$25,532$13,792
19 years$52,786$43,183$35,084$28,331$22,757$11,787
20 years$49,621$40,127$32,198$25,659$20,327$10,088
21 years$46,761$37,377$29,616$23,287$18,190$8,645
22 years$44,165$34,890$27,296$21,173$16,305$7,417
23 years$41,798$32,632$25,203$19,283$14,636$6,369
24 years$39,631$30,574$23,309$17,587$13,155$5,474
25 years$37,641$28,692$21,588$16,062$11,838$4,707
26 years$35,807$26,966$20,022$14,686$10,663$4,050
27 years$34,112$25,378$18,592$13,442$9,614$3,487
28 years$32,540$23,914$17,284$12,316$8,675$3,003
29 years$31,080$22,560$16,084$11,294$7,833$2,588
30 years$29,719$21,305$14,982$10,365$7,078$2,230
31 years$28,449$20,141$13,967$9,520$6,399$1,923
32 years$27,261$19,057$13,032$8,749$5,788$1,658
33 years$26,146$18,047$12,168$8,045$5,238$1,430
34 years$25,100$17,105$11,369$7,402$4,743$1,233
35 years$24,116$16,224$10,629$6,814$4,296$1,064
36 years$23,188$15,399$9,943$6,276$3,892$918
37 years$22,313$14,625$9,307$5,782$3,528$792
38 years$21,485$13,899$8,715$5,330$3,198$684
39 years$20,702$13,217$8,165$4,914$2,900$590
40 years$19,961$12,575$7,653$4,533$2,630$509
41 years$19,257$11,970$7,176$4,182$2,386$440
42 years$18,588$11,400$6,732$3,859$2,165$380
43 years$17,952$10,862$6,317$3,563$1,965$328
44 years$17,347$10,353$5,929$3,290$1,784$283
45 years$16,770$9,873$5,567$3,038$1,619$244
46 years$16,220$9,418$5,229$2,806$1,470$211
47 years$15,695$8,988$4,913$2,593$1,335$182
48 years$15,193$8,580$4,617$2,396$1,213$157
49 years$14,714$8,194$4,339$2,214$1,101$136
50 years$14,255$7,827$4,080$2,046$1,000$117

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 $3,350 every year, while hoping to spend $38,063 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: 53/33/14 Blend
59$14,600,000$14,600,000$14,600,000$14,600,000
60$16,092,656$15,318,856$15,092,556$16,885,488
61$17,693,608$16,028,981$15,557,657$18,136,952
62$19,456,581$16,772,626$16,037,064$19,493,523
63$21,398,062$17,551,395$16,531,216$20,968,648
64$23,536,217$18,366,965$17,040,564$22,573,584
65$25,891,063$19,221,099$17,565,575$24,320,700
66$28,484,660$20,115,641$18,106,730$26,223,587
67$31,341,313$21,052,525$18,664,523$28,297,185
68$34,487,809$22,033,781$19,239,467$30,557,912
69$37,953,662$23,061,533$19,832,085$33,023,820
70$41,771,397$24,138,010$20,442,922$35,714,754
71$45,976,855$25,265,547$21,072,535$38,652,539
72$50,609,530$26,446,595$21,721,501$41,861,171
73$55,712,943$27,683,719$22,390,412$45,367,046
74$61,335,054$28,979,612$23,079,882$49,199,193
75$67,528,710$30,337,094$23,790,539$53,389,547
76$74,352,151$31,759,123$24,523,034$57,973,242
77$81,869,550$33,248,801$25,278,036$62,988,930
78$90,151,630$34,809,377$26,056,235$68,479,140
79$99,276,320$36,444,260$26,858,343$74,490,673
80$109,329,498$38,157,023$27,685,091$81,075,029
81$120,405,802$39,951,412$28,537,237$88,288,888
82$132,609,516$41,831,354$29,415,556$96,194,630
83$146,055,562$43,800,966$30,320,853$104,860,919
84$160,870,581$45,864,565$31,253,954$114,363,335
85$177,194,129$48,026,677$32,215,709$124,785,076
86$195,179,993$50,292,047$33,206,998$136,217,734
87$214,997,645$52,665,650$34,228,726$148,762,143
88$236,833,841$55,152,703$35,281,824$162,529,321
89$260,894,381$57,758,673$36,367,253$177,641,500
90$287,406,056$60,489,296$37,486,004$194,233,269
91$316,618,786$63,350,584$38,639,098$212,452,824
92$348,807,979$66,348,840$39,827,585$232,463,356
93$384,277,134$69,490,675$41,052,550$254,444,569
94$423,360,702$72,783,017$42,315,110$278,594,365
95$466,427,242$76,233,134$43,616,415$305,130,688
96$513,882,909$79,848,645$44,957,653$334,293,564
97$566,175,276$83,637,539$46,340,044$366,347,346
98$623,797,568$87,608,193$47,764,850$401,583,190
99$687,293,315$91,769,389$49,233,367$440,321,779
100$757,261,482$96,130,339$50,746,935$482,916,325