Can I retire at age 60 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,148,276
2 years$609,123$597,778$586,784$576,124$565,784$526,008
3 years$402,048$390,655$379,688$369,128$358,957$320,525
4 years$298,531$287,173$276,316$265,936$256,011$219,217
5 years$236,437$225,147$214,432$204,264$194,615$159,557
6 years$195,055$183,849$173,293$163,352$153,993$120,698
7 years$165,507$154,396$144,007$134,301$125,237$93,701
8 years$143,357$132,346$122,130$112,661$103,896$74,096
9 years$126,138$115,231$105,190$95,963$87,496$59,394
10 years$112,371$101,571$91,707$82,721$74,551$48,103
11 years$101,114$90,422$80,738$71,992$64,116$39,271
12 years$91,740$81,158$71,653$63,146$55,562$32,264
13 years$83,815$73,343$64,017$55,749$48,451$26,640
14 years$77,027$66,667$57,519$49,488$42,472$22,086
15 years$71,150$60,902$51,932$44,134$37,395$18,371
16 years$66,013$55,876$47,084$39,517$33,050$15,322
17 years$61,484$51,460$42,845$35,506$29,305$12,807
18 years$57,464$47,551$39,112$31,998$26,056$10,725
19 years$53,870$44,070$35,805$28,913$23,225$8,995
20 years$50,640$40,952$32,860$26,186$20,745$7,553
21 years$47,722$38,145$30,225$23,766$18,564$6,350
22 years$45,072$35,607$27,857$21,609$16,640$5,342
23 years$42,657$33,303$25,721$19,679$14,937$4,498
24 years$40,446$31,202$23,787$17,949$13,426$3,790
25 years$38,415$29,282$22,032$16,392$12,081$3,195
26 years$36,543$27,520$20,434$14,988$10,882$2,694
27 years$34,813$25,900$18,974$13,719$9,811$2,273
28 years$33,209$24,405$17,639$12,569$8,853$1,918
29 years$31,718$23,023$16,415$11,526$7,994$1,619
30 years$30,330$21,743$15,290$10,578$7,223$1,367
31 years$29,034$20,555$14,254$9,715$6,530$1,154
32 years$27,821$19,449$13,299$8,929$5,907$975
33 years$26,684$18,418$12,418$8,211$5,346$824
34 years$25,616$17,456$11,602$7,554$4,840$696
35 years$24,611$16,557$10,847$6,954$4,384$588
36 years$23,665$15,715$10,147$6,405$3,972$497
37 years$22,771$14,926$9,498$5,901$3,600$420
38 years$21,927$14,185$8,894$5,439$3,264$355
39 years$21,128$13,488$8,333$5,015$2,960$300
40 years$20,371$12,833$7,811$4,626$2,685$253
41 years$19,652$12,216$7,324$4,268$2,435$214
42 years$18,970$11,634$6,870$3,939$2,210$181
43 years$18,321$11,085$6,447$3,636$2,006$153
44 years$17,703$10,566$6,051$3,357$1,821$129
45 years$17,115$10,076$5,682$3,100$1,653$109
46 years$16,553$9,612$5,337$2,864$1,501$92
47 years$16,018$9,173$5,014$2,646$1,363$78
48 years$15,506$8,757$4,711$2,445$1,237$66
49 years$15,016$8,362$4,428$2,260$1,124$56
50 years$14,548$7,988$4,163$2,089$1,021$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,900,000, adding $5,202 every year, while hoping to spend $44,067 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: 56/27/17 Blend
59$14,900,000$14,900,000$14,900,000$14,900,000
60$16,425,166$15,635,466$15,404,516$17,270,820
61$18,053,646$16,354,717$15,873,680$18,565,904
62$19,846,754$17,107,734$16,357,085$19,970,788
63$21,821,235$17,896,126$16,855,160$21,500,201
64$23,995,543$18,721,577$17,368,349$23,166,087
65$26,390,008$19,585,854$17,897,109$24,981,572
66$29,027,037$20,490,810$18,441,910$26,961,092
67$31,931,319$21,438,383$19,003,237$29,120,517
68$35,130,058$22,430,608$19,581,590$31,477,300
69$38,653,233$23,469,617$20,177,483$34,050,635
70$42,533,879$24,557,645$20,791,446$36,861,636
71$46,808,399$25,697,034$21,424,023$39,933,526
72$51,516,906$26,890,239$22,075,778$43,291,855
73$56,703,603$28,139,833$22,747,290$46,964,731
74$62,417,201$29,448,515$23,439,154$50,983,084
75$68,711,375$30,819,112$24,151,985$55,380,948
76$75,645,275$32,254,588$24,886,416$60,195,775
77$83,284,081$33,758,051$25,643,099$65,468,785
78$91,699,619$35,332,757$26,422,704$71,245,343
79$100,971,039$36,982,122$27,225,925$77,575,384
80$111,185,564$38,709,724$28,053,471$84,513,872
81$122,439,307$40,519,317$28,906,079$92,121,315
82$134,838,187$42,414,833$29,784,502$100,464,322
83$148,498,919$44,400,397$30,689,520$109,616,226
84$163,550,123$46,480,331$31,621,934$119,657,768
85$180,133,537$48,659,168$32,582,569$130,677,844
86$198,405,349$50,941,659$33,572,277$142,774,338
87$218,537,680$53,332,785$34,591,933$156,055,033
88$240,720,200$55,837,769$35,642,440$170,638,617
89$265,161,925$58,462,084$36,724,726$186,655,791
90$292,093,186$61,211,471$37,839,750$204,250,491
91$321,767,806$64,091,948$38,988,496$223,581,235
92$354,465,491$67,109,823$40,171,980$244,822,601
93$390,494,478$70,271,711$41,391,248$268,166,864
94$430,194,437$73,584,547$42,647,377$293,825,795
95$473,939,682$77,055,602$43,941,476$322,032,647
96$522,142,702$80,692,499$45,274,689$353,044,334
97$575,258,057$84,503,231$46,648,190$387,143,846
98$633,786,668$88,496,178$48,063,193$424,642,896
99$698,280,544$92,680,127$49,520,946$465,884,851
100$769,347,996$97,064,289$51,022,734$511,247,945