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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,141,908
2 years$609,123$597,778$586,784$576,124$565,784$519,758
3 years$402,048$390,655$379,688$369,128$358,957$314,592
4 years$298,531$287,173$276,316$265,936$256,011$213,645
5 years$236,437$225,147$214,432$204,264$194,615$154,357
6 years$195,055$183,849$173,293$163,352$153,993$115,869
7 years$165,507$154,396$144,007$134,301$125,237$89,235
8 years$143,357$132,346$122,130$112,661$103,896$69,980
9 years$126,138$115,231$105,190$95,963$87,496$55,616
10 years$112,371$101,571$91,707$82,721$74,551$44,646
11 years$101,114$90,422$80,738$71,992$64,116$36,118
12 years$91,740$81,158$71,653$63,146$55,562$29,397
13 years$83,815$73,343$64,017$55,749$48,451$24,042
14 years$77,027$66,667$57,519$49,488$42,472$19,738
15 years$71,150$60,902$51,932$44,134$37,395$16,255
16 years$66,013$55,876$47,084$39,517$33,050$13,420
17 years$61,484$51,460$42,845$35,506$29,305$11,102
18 years$57,464$47,551$39,112$31,998$26,056$9,200
19 years$53,870$44,070$35,805$28,913$23,225$7,635
20 years$50,640$40,952$32,860$26,186$20,745$6,343
21 years$47,722$38,145$30,225$23,766$18,564$5,275
22 years$45,072$35,607$27,857$21,609$16,640$4,390
23 years$42,657$33,303$25,721$19,679$14,937$3,655
24 years$40,446$31,202$23,787$17,949$13,426$3,046
25 years$38,415$29,282$22,032$16,392$12,081$2,539
26 years$36,543$27,520$20,434$14,988$10,882$2,117
27 years$34,813$25,900$18,974$13,719$9,811$1,766
28 years$33,209$24,405$17,639$12,569$8,853$1,473
29 years$31,718$23,023$16,415$11,526$7,994$1,230
30 years$30,330$21,743$15,290$10,578$7,223$1,026
31 years$29,034$20,555$14,254$9,715$6,530$857
32 years$27,821$19,449$13,299$8,929$5,907$715
33 years$26,684$18,418$12,418$8,211$5,346$597
34 years$25,616$17,456$11,602$7,554$4,840$499
35 years$24,611$16,557$10,847$6,954$4,384$416
36 years$23,665$15,715$10,147$6,405$3,972$348
37 years$22,771$14,926$9,498$5,901$3,600$291
38 years$21,927$14,185$8,894$5,439$3,264$243
39 years$21,128$13,488$8,333$5,015$2,960$203
40 years$20,371$12,833$7,811$4,626$2,685$169
41 years$19,652$12,216$7,324$4,268$2,435$141
42 years$18,970$11,634$6,870$3,939$2,210$118
43 years$18,321$11,085$6,447$3,636$2,006$99
44 years$17,703$10,566$6,051$3,357$1,821$82
45 years$17,115$10,076$5,682$3,100$1,653$69
46 years$16,553$9,612$5,337$2,864$1,501$58
47 years$16,018$9,173$5,014$2,646$1,363$48
48 years$15,506$8,757$4,711$2,445$1,237$40
49 years$15,016$8,362$4,428$2,260$1,124$34
50 years$14,548$7,988$4,163$2,089$1,021$28

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 $4,206 every year, while hoping to spend $54,601 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: 52/33/15 Blend
59$14,900,000$14,900,000$14,900,000$14,900,000
60$16,424,138$15,634,438$15,403,488$17,211,466
61$18,041,306$16,342,431$15,861,410$18,458,877
62$19,821,594$17,083,285$16,332,843$19,808,734
63$21,781,584$17,858,553$16,818,180$21,275,641
64$23,939,545$18,669,863$17,317,829$22,870,693
65$26,315,611$19,518,918$17,832,208$24,606,082
66$28,931,963$20,407,505$18,361,747$26,495,204
67$31,813,047$21,337,496$18,906,889$28,552,784
68$34,985,796$22,310,852$19,468,089$30,795,007
69$38,479,893$23,329,629$20,045,815$33,239,665
70$42,328,041$24,395,980$20,640,550$35,906,320
71$46,566,282$25,512,164$21,252,789$38,816,483
72$51,234,328$26,680,545$21,883,042$41,993,809
73$56,375,941$27,903,603$22,531,835$45,464,314
74$62,039,343$29,183,936$23,199,708$49,256,617
75$68,277,673$30,524,266$23,887,216$53,402,196
76$75,149,488$31,927,447$24,594,930$57,935,684
77$82,719,315$33,396,471$25,323,438$62,895,182
78$91,058,257$34,934,470$26,073,346$68,322,617
79$100,244,672$36,544,732$26,845,275$74,264,122
80$110,364,902$38,230,698$27,639,866$80,770,469
81$121,514,097$39,995,977$28,457,777$87,897,532
82$133,797,108$41,844,352$29,299,684$95,706,809
83$147,329,475$43,779,788$30,166,286$104,265,992
84$162,238,523$45,806,439$31,058,299$113,649,592
85$178,664,560$47,928,662$31,976,459$123,939,633
86$196,762,200$50,151,021$32,921,525$135,226,414
87$216,701,826$52,478,303$33,894,278$147,609,348
88$238,671,195$54,915,523$34,895,519$161,197,890
89$262,877,212$57,467,938$35,926,074$176,112,551
90$289,547,882$60,141,061$36,986,791$192,486,028
91$318,934,461$62,940,668$38,078,544$210,464,436
92$351,313,831$65,872,817$39,202,231$230,208,676
93$386,991,111$68,943,854$40,358,775$251,895,934
94$426,302,537$72,160,435$41,549,126$275,721,338
95$469,618,635$75,529,536$42,774,261$301,899,781
96$517,347,723$79,058,469$44,035,186$330,667,933
97$569,939,759$82,754,903$45,332,932$362,286,453
98$627,890,593$86,626,872$46,668,565$397,042,431
99$691,746,647$90,682,803$48,043,176$435,252,073
100$762,110,073$94,931,527$49,457,889$477,263,668