Can I retire at age 60 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,155,872
2 years$605,035$593,767$582,846$572,257$561,987$537,615
3 years$399,350$388,033$377,140$366,651$356,548$332,864
4 years$296,528$285,245$274,461$264,151$254,293$231,481
5 years$234,850$223,636$212,993$202,894$193,309$171,434
6 years$193,746$182,615$172,130$162,256$152,959$132,043
7 years$164,396$153,360$143,041$133,399$124,397$104,445
8 years$142,395$131,458$121,310$111,905$103,199$84,205
9 years$125,291$114,458$104,484$95,319$86,909$68,860
10 years$111,617$100,889$91,092$82,165$74,050$56,929
11 years$100,435$89,816$80,196$71,509$63,686$47,470
12 years$91,125$80,614$71,172$62,723$55,189$39,855
13 years$83,252$72,851$63,587$55,375$48,126$33,648
14 years$76,510$66,220$57,133$49,155$42,187$28,537
15 years$70,673$60,493$51,584$43,838$37,144$24,293
16 years$65,570$55,501$46,768$39,252$32,828$20,745
17 years$61,072$51,114$42,557$35,268$29,108$17,762
18 years$57,078$47,232$38,849$31,783$25,881$15,242
19 years$53,509$43,774$35,565$28,719$23,069$13,103
20 years$50,301$40,677$32,639$26,011$20,605$11,283
21 years$47,402$37,889$30,022$23,606$18,439$9,729
22 years$44,770$35,368$27,670$21,463$16,528$8,398
23 years$42,370$33,079$25,548$19,547$14,837$7,257
24 years$40,174$30,993$23,628$17,828$13,336$6,276
25 years$38,157$29,085$21,884$16,282$12,000$5,432
26 years$36,298$27,336$20,296$14,887$10,809$4,704
27 years$34,579$25,726$18,847$13,627$9,745$4,076
28 years$32,986$24,241$17,521$12,485$8,793$3,534
29 years$31,506$22,869$16,305$11,449$7,940$3,065
30 years$30,126$21,597$15,187$10,507$7,175$2,659
31 years$28,839$20,417$14,158$9,650$6,486$2,307
32 years$27,634$19,318$13,210$8,869$5,867$2,003
33 years$26,505$18,295$12,334$8,155$5,310$1,739
34 years$25,444$17,339$11,524$7,504$4,808$1,510
35 years$24,446$16,446$10,775$6,908$4,354$1,312
36 years$23,506$15,610$10,079$6,362$3,945$1,140
37 years$22,618$14,826$9,434$5,861$3,576$990
38 years$21,780$14,090$8,835$5,403$3,242$860
39 years$20,986$13,398$8,277$4,982$2,940$748
40 years$20,234$12,747$7,758$4,595$2,666$650
41 years$19,520$12,134$7,275$4,239$2,419$565
42 years$18,843$11,556$6,824$3,912$2,195$491
43 years$18,198$11,010$6,403$3,612$1,992$427
44 years$17,585$10,495$6,011$3,335$1,808$371
45 years$17,000$10,008$5,644$3,080$1,642$322
46 years$16,442$9,547$5,301$2,845$1,491$280
47 years$15,910$9,111$4,980$2,628$1,353$244
48 years$15,402$8,698$4,680$2,429$1,229$212
49 years$14,915$8,306$4,399$2,244$1,116$184
50 years$14,450$7,934$4,135$2,075$1,014$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,800,000, adding $4,145 every year, while hoping to spend $26,711 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: 50/34/16 Blend
59$14,800,000$14,800,000$14,800,000$14,800,000
60$16,313,876$15,529,476$15,300,076$17,057,396
61$17,949,471$16,262,000$15,784,208$18,302,315
62$19,751,001$17,029,522$16,283,663$19,651,358
63$21,735,364$17,833,730$16,798,927$21,116,842
64$23,921,180$18,676,391$17,330,500$22,709,741
65$26,328,966$19,559,360$17,878,897$24,442,105
66$28,981,333$20,484,581$18,444,653$26,327,176
67$31,903,196$21,454,093$19,028,316$28,379,500
68$35,122,011$22,470,032$19,630,453$30,615,060
69$38,668,033$23,534,640$20,251,650$33,051,423
70$42,574,601$24,650,266$20,892,509$35,707,898
71$46,878,456$25,819,375$21,553,654$38,605,709
72$51,620,083$27,044,549$22,235,726$41,768,193
73$56,844,097$28,328,498$22,939,388$45,221,008
74$62,599,662$29,674,061$23,665,325$48,992,368
75$68,940,954$31,084,217$24,414,240$53,113,305
76$75,927,677$32,562,088$25,186,862$57,617,948
77$83,625,619$34,110,950$25,983,941$62,543,841
78$92,107,281$35,734,236$26,806,252$67,932,282
79$101,452,556$37,435,545$27,654,594$73,828,710
80$111,749,485$39,218,655$28,529,790$80,283,119
81$123,095,086$41,087,523$29,432,692$87,350,517
82$135,596,274$43,046,301$30,364,177$95,091,441
83$149,370,866$45,099,342$31,325,149$103,572,511
84$164,548,695$47,251,210$32,316,542$112,867,046
85$181,272,836$49,506,693$33,339,320$123,055,748
86$199,700,955$51,870,811$34,394,477$134,227,446
87$220,006,798$54,348,826$35,483,037$146,479,921
88$242,381,831$56,946,259$36,606,060$159,920,814
89$267,037,050$59,668,898$37,764,635$174,668,629
90$294,204,968$62,522,813$38,959,889$190,853,832
91$324,141,813$65,514,369$40,192,983$208,620,067
92$357,129,946$68,650,241$41,465,116$228,125,495
93$393,480,527$71,937,429$42,777,524$249,544,264
94$433,536,453$75,383,275$44,131,483$273,068,141
95$477,675,591$78,995,476$45,528,308$298,908,295
96$526,314,352$82,782,104$46,969,357$327,297,271
97$579,911,616$86,751,627$48,456,030$358,491,163
98$638,973,066$90,912,923$49,989,772$392,772,009
99$704,055,964$95,275,301$51,572,075$430,450,427
100$775,774,408$99,848,527$53,204,476$471,868,523