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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,173,719
2 years$605,035$593,767$582,846$572,257$561,987$555,475
3 years$399,350$388,033$377,140$366,651$356,548$350,179
4 years$296,528$285,245$274,461$264,151$254,293$248,116
5 years$234,850$223,636$212,993$202,894$193,309$187,343
6 years$193,746$182,615$172,130$162,256$152,959$147,211
7 years$164,396$153,360$143,041$133,399$124,397$118,870
8 years$142,395$131,458$121,310$111,905$103,199$97,894
9 years$125,291$114,458$104,484$95,319$86,909$81,823
10 years$111,617$100,889$91,092$82,165$74,050$69,183
11 years$100,435$89,816$80,196$71,509$63,686$59,032
12 years$91,125$80,614$71,172$62,723$55,189$50,746
13 years$83,252$72,851$63,587$55,375$48,126$43,889
14 years$76,510$66,220$57,133$49,155$42,187$38,151
15 years$70,673$60,493$51,584$43,838$37,144$33,305
16 years$65,570$55,501$46,768$39,252$32,828$29,180
17 years$61,072$51,114$42,557$35,268$29,108$25,644
18 years$57,078$47,232$38,849$31,783$25,881$22,597
19 years$53,509$43,774$35,565$28,719$23,069$19,958
20 years$50,301$40,677$32,639$26,011$20,605$17,662
21 years$47,402$37,889$30,022$23,606$18,439$15,657
22 years$44,770$35,368$27,670$21,463$16,528$13,901
23 years$42,370$33,079$25,548$19,547$14,837$12,358
24 years$40,174$30,993$23,628$17,828$13,336$10,999
25 years$38,157$29,085$21,884$16,282$12,000$9,800
26 years$36,298$27,336$20,296$14,887$10,809$8,739
27 years$34,579$25,726$18,847$13,627$9,745$7,800
28 years$32,986$24,241$17,521$12,485$8,793$6,966
29 years$31,506$22,869$16,305$11,449$7,940$6,226
30 years$30,126$21,597$15,187$10,507$7,175$5,567
31 years$28,839$20,417$14,158$9,650$6,486$4,981
32 years$27,634$19,318$13,210$8,869$5,867$4,458
33 years$26,505$18,295$12,334$8,155$5,310$3,992
34 years$25,444$17,339$11,524$7,504$4,808$3,576
35 years$24,446$16,446$10,775$6,908$4,354$3,204
36 years$23,506$15,610$10,079$6,362$3,945$2,872
37 years$22,618$14,826$9,434$5,861$3,576$2,574
38 years$21,780$14,090$8,835$5,403$3,242$2,308
39 years$20,986$13,398$8,277$4,982$2,940$2,070
40 years$20,234$12,747$7,758$4,595$2,666$1,857
41 years$19,520$12,134$7,275$4,239$2,419$1,666
42 years$18,843$11,556$6,824$3,912$2,195$1,495
43 years$18,198$11,010$6,403$3,612$1,992$1,342
44 years$17,585$10,495$6,011$3,335$1,808$1,204
45 years$17,000$10,008$5,644$3,080$1,642$1,081
46 years$16,442$9,547$5,301$2,845$1,491$971
47 years$15,910$9,111$4,980$2,628$1,353$871
48 years$15,402$8,698$4,680$2,429$1,229$782
49 years$14,915$8,306$4,399$2,244$1,116$703
50 years$14,450$7,934$4,135$2,075$1,014$631

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 $4,510 every year, while hoping to spend $28,687 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: 46/28/26 Blend
59$14,800,000$14,800,000$14,800,000$14,800,000
60$16,314,252$15,529,852$15,300,452$16,942,511
61$17,947,783$16,260,292$15,782,494$18,117,094
62$19,746,973$17,025,562$16,279,724$19,387,592
63$21,728,688$17,827,339$16,792,619$20,765,549
64$23,911,515$18,667,379$17,321,672$22,261,038
65$26,315,936$19,547,527$17,867,394$23,885,117
66$28,964,518$20,469,713$18,430,309$25,649,938
67$31,882,134$21,435,964$19,010,959$27,568,847
68$35,096,188$22,448,402$19,609,903$29,656,511
69$38,636,881$23,509,256$20,227,717$31,929,049
70$42,537,493$24,620,859$20,864,995$34,404,176
71$46,834,696$25,785,660$21,522,351$37,101,365
72$51,568,902$27,006,225$22,200,417$40,042,028
73$56,784,645$28,285,245$22,899,846$43,249,703
74$62,530,999$29,625,542$23,621,311$46,750,279
75$68,862,043$31,030,075$24,365,507$50,572,223
76$75,837,368$32,501,946$25,133,148$54,746,849
77$83,522,646$34,044,408$25,924,975$59,308,600
78$91,990,243$35,660,870$26,741,749$64,295,366
79$101,319,905$37,354,911$27,584,255$69,748,835
80$111,599,513$39,130,279$28,453,305$75,714,874
81$122,925,908$40,990,908$29,349,735$82,243,954
82$135,405,808$42,940,919$30,274,408$89,391,615
83$149,156,812$44,984,636$31,228,213$97,218,980
84$164,308,518$47,126,594$32,212,069$105,793,322
85$181,003,735$49,371,545$33,226,921$115,188,685
86$199,399,840$51,724,475$34,273,748$125,486,575
87$219,670,260$54,190,611$35,353,555$136,776,709
88$242,006,110$56,775,434$36,467,382$149,157,858
89$266,617,995$59,484,692$37,616,301$162,738,758
90$293,738,001$62,324,413$38,801,418$177,639,126
91$323,621,884$65,300,916$40,023,873$193,990,773
92$356,551,486$68,420,830$41,284,842$211,938,832
93$392,837,392$71,691,106$42,585,539$231,643,113
94$432,821,867$75,119,031$43,927,215$253,279,595
95$476,882,082$78,712,248$45,311,162$277,042,065
96$525,433,680$82,478,774$46,738,711$303,143,933
97$578,934,694$86,427,012$48,211,236$331,820,223
98$637,889,875$90,565,778$49,730,155$363,329,774
99$702,855,455$94,904,314$51,296,928$397,957,659
100$774,444,400$99,452,314$52,913,064$436,017,854