Can I retire at age 60 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,128,325
2 years$588,682$577,719$567,093$556,791$546,798$526,762
3 years$388,557$377,546$366,947$356,741$346,911$327,415
4 years$288,513$277,536$267,043$257,012$247,420$228,613
5 years$228,503$217,592$207,237$197,410$188,085$170,022
6 years$188,509$177,680$167,478$157,870$148,825$131,526
7 years$159,953$149,215$139,175$129,794$121,035$104,504
8 years$138,546$127,905$118,031$108,881$100,410$84,645
9 years$121,905$111,364$101,660$92,742$84,560$69,551
10 years$108,600$98,162$88,630$79,945$72,049$57,784
11 years$97,721$87,388$78,028$69,576$61,965$48,427
12 years$88,662$78,435$69,248$61,027$53,697$40,870
13 years$81,002$70,882$61,869$53,878$46,825$34,688
14 years$74,442$64,430$55,589$47,827$41,047$29,578
15 years$68,762$58,858$50,190$42,653$36,141$25,319
16 years$63,797$54,001$45,504$38,191$31,941$21,744
17 years$59,421$49,733$41,407$34,315$28,321$18,724
18 years$55,535$45,955$37,799$30,924$25,182$16,161
19 years$52,063$42,591$34,603$27,943$22,445$13,976
20 years$48,941$39,578$31,757$25,308$20,048$12,107
21 years$46,120$36,865$29,211$22,968$17,941$10,503
22 years$43,560$34,412$26,922$20,883$16,082$9,123
23 years$41,225$32,185$24,858$19,019$14,436$7,932
24 years$39,088$30,155$22,989$17,346$12,975$6,903
25 years$37,125$28,299$21,293$15,842$11,676$6,013
26 years$35,316$26,597$19,748$14,485$10,517$5,241
27 years$33,644$25,031$18,338$13,258$9,482$4,570
28 years$32,094$23,586$17,047$12,147$8,556$3,988
29 years$30,654$22,251$15,864$11,139$7,726$3,481
30 years$29,312$21,014$14,777$10,223$6,981$3,040
31 years$28,059$19,865$13,776$9,389$6,311$2,656
32 years$26,887$18,796$12,853$8,629$5,709$2,321
33 years$25,788$17,800$12,001$7,935$5,167$2,029
34 years$24,756$16,871$11,213$7,301$4,678$1,774
35 years$23,785$16,002$10,483$6,721$4,237$1,551
36 years$22,871$15,188$9,807$6,190$3,839$1,356
37 years$22,007$14,425$9,179$5,703$3,479$1,187
38 years$21,191$13,709$8,596$5,257$3,154$1,038
39 years$20,419$13,036$8,053$4,847$2,860$908
40 years$19,687$12,402$7,548$4,471$2,594$795
41 years$18,993$11,806$7,078$4,125$2,354$695
42 years$18,333$11,244$6,639$3,807$2,136$609
43 years$17,706$10,713$6,230$3,514$1,938$533
44 years$17,109$10,212$5,848$3,245$1,759$466
45 years$16,540$9,738$5,491$2,996$1,597$408
46 years$15,998$9,289$5,157$2,768$1,450$357
47 years$15,480$8,865$4,845$2,557$1,317$313
48 years$14,985$8,463$4,553$2,363$1,196$274
49 years$14,512$8,081$4,280$2,184$1,086$240
50 years$14,059$7,720$4,024$2,018$987$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,400,000, adding $2,078 every year, while hoping to spend $38,801 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: 63/13/24 Blend
59$14,400,000$14,400,000$14,400,000$14,400,000
60$15,870,943$15,107,743$14,884,543$16,770,598
61$17,448,496$15,806,739$15,341,892$18,078,008
62$19,185,658$16,538,685$15,813,261$19,500,887
63$21,098,669$17,305,154$16,299,079$21,054,145
64$23,205,424$18,107,798$16,799,789$22,750,542
65$25,525,640$18,948,343$17,315,845$24,604,116
66$28,081,047$19,828,603$17,847,717$26,630,314
67$30,895,586$20,750,477$18,395,888$28,846,140
68$33,995,642$21,715,956$18,960,856$31,270,305
69$37,410,288$22,727,128$19,543,135$33,923,407
70$41,171,561$23,786,181$20,143,254$36,828,115
71$45,314,764$24,895,409$20,761,757$40,009,390
72$49,878,802$26,057,215$21,399,207$43,494,707
73$54,906,541$27,274,120$22,056,183$47,314,315
74$60,445,224$28,548,768$22,733,280$51,501,520
75$66,546,906$29,883,926$23,431,114$56,092,993
76$73,268,952$31,282,500$24,150,318$61,129,113
77$80,674,575$32,747,533$24,891,544$66,654,345
78$88,833,437$34,282,217$25,655,466$72,717,652
79$97,822,299$35,889,897$26,442,775$79,372,956
80$107,725,752$37,574,081$27,254,187$86,679,641
81$118,637,013$39,338,446$28,090,437$94,703,108
82$130,658,805$41,186,846$28,952,283$103,515,386
83$143,904,325$43,123,323$29,840,506$113,195,809
84$158,498,316$45,152,115$30,755,913$123,831,759
85$174,578,239$47,277,664$31,699,331$135,519,482
86$192,295,577$49,504,628$32,671,617$148,364,994
87$211,817,260$51,837,889$33,673,650$162,485,071
88$233,327,243$54,282,567$34,706,339$178,008,349
89$257,028,238$56,844,030$35,770,618$195,076,529
90$283,143,637$59,527,905$36,867,452$213,845,708
91$311,919,609$62,340,094$37,997,833$234,487,844
92$343,627,433$65,286,782$39,162,784$257,192,371
93$378,566,054$68,374,457$40,363,360$282,167,983
94$417,064,905$71,609,920$41,600,647$309,644,588
95$459,487,021$75,000,301$42,875,764$339,875,478
96$506,232,460$78,553,078$44,189,864$373,139,701
97$557,742,083$82,276,091$45,544,137$409,744,696
98$614,501,715$86,177,560$46,939,805$450,029,176
99$677,046,734$90,266,104$48,378,132$494,366,320
100$745,967,118$94,550,760$49,860,417$543,167,283