Can I retire at age 60 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,164,811
2 years$600,947$589,755$578,908$568,391$558,190$550,738
3 years$396,652$385,411$374,592$364,174$354,139$346,853
4 years$294,524$283,318$272,607$262,367$252,575$245,512
5 years$233,263$222,125$211,554$201,523$192,003$185,184
6 years$192,436$181,382$170,967$161,159$151,926$145,358
7 years$163,286$152,324$142,074$132,498$123,556$117,244
8 years$141,433$130,570$120,490$111,149$102,502$96,445
9 years$124,445$113,684$103,778$94,674$86,321$80,519
10 years$110,862$100,207$90,476$81,610$73,550$67,998
11 years$99,757$89,209$79,654$71,025$63,256$57,951
12 years$90,509$80,069$70,691$62,299$54,816$49,754
13 years$82,690$72,359$63,158$55,001$47,801$42,976
14 years$75,993$65,772$56,747$48,823$41,902$37,309
15 years$70,195$60,084$51,235$43,542$36,894$32,527
16 years$65,127$55,126$46,452$38,987$32,607$28,459
17 years$60,659$50,769$42,270$35,029$28,911$24,977
18 years$56,692$46,913$38,587$31,569$25,707$21,978
19 years$53,147$43,478$35,324$28,525$22,913$19,383
20 years$49,961$40,402$32,419$25,835$20,466$17,128
21 years$47,081$37,633$29,819$23,447$18,315$15,162
22 years$44,467$35,129$27,483$21,318$16,417$13,441
23 years$42,084$32,856$25,376$19,415$14,737$11,931
24 years$39,903$30,784$23,468$17,708$13,246$10,603
25 years$37,899$28,889$21,736$16,172$11,919$9,433
26 years$36,052$27,151$20,159$14,787$10,736$8,399
27 years$34,345$25,552$18,720$13,535$9,680$7,484
28 years$32,763$24,078$17,402$12,401$8,734$6,674
29 years$31,293$22,714$16,194$11,372$7,887$5,955
30 years$29,923$21,451$15,084$10,436$7,126$5,316
31 years$28,644$20,279$14,063$9,585$6,443$4,749
32 years$27,447$19,188$13,121$8,809$5,828$4,243
33 years$26,326$18,171$12,251$8,100$5,274$3,793
34 years$25,272$17,222$11,447$7,453$4,775$3,392
35 years$24,281$16,335$10,702$6,861$4,325$3,034
36 years$23,347$15,504$10,011$6,319$3,919$2,715
37 years$22,466$14,725$9,370$5,822$3,552$2,430
38 years$21,633$13,994$8,775$5,366$3,220$2,175
39 years$20,844$13,307$8,221$4,948$2,920$1,948
40 years$20,097$12,661$7,706$4,564$2,648$1,744
41 years$19,388$12,052$7,225$4,211$2,403$1,562
42 years$18,715$11,478$6,778$3,886$2,180$1,399
43 years$18,075$10,936$6,360$3,587$1,979$1,254
44 years$17,466$10,424$5,970$3,312$1,796$1,123
45 years$16,885$9,941$5,606$3,059$1,631$1,007
46 years$16,331$9,483$5,265$2,825$1,480$902
47 years$15,803$9,050$4,946$2,610$1,344$808
48 years$15,298$8,639$4,648$2,412$1,221$725
49 years$14,815$8,250$4,369$2,229$1,109$650
50 years$14,352$7,881$4,107$2,060$1,007$582

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $14,700,000, adding $3,625 every year, while hoping to spend $52,224 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: 74/10/16 Blend
59$14,700,000$14,700,000$14,700,000$14,700,000
60$16,203,139$15,424,039$15,196,189$17,343,839
61$17,800,293$16,124,251$15,649,696$18,799,815
62$19,558,607$16,857,023$16,116,644$20,387,917
63$21,494,463$17,623,896$16,597,430$22,126,672
64$23,625,915$18,426,482$17,092,460$24,031,037
65$25,972,853$19,266,475$17,602,152$26,117,481
66$28,557,197$20,145,646$18,126,938$28,404,135
67$31,403,101$21,065,852$18,667,260$30,910,965
68$34,537,178$22,029,040$19,223,574$33,659,954
69$37,988,757$23,037,249$19,796,350$36,675,309
70$41,790,153$24,092,618$20,386,071$39,983,689
71$45,976,978$25,197,385$20,993,234$43,614,450
72$50,588,473$26,353,900$21,618,350$47,599,923
73$55,667,878$27,564,622$22,261,945$51,975,717
74$61,262,842$28,832,129$22,924,562$56,781,049
75$67,425,874$30,159,125$23,606,756$62,059,112
76$74,214,833$31,548,442$24,309,102$67,857,483
77$81,693,478$33,003,048$25,032,189$74,228,565
78$89,932,070$34,526,055$25,776,625$81,230,082
79$99,008,034$36,120,724$26,543,034$88,925,617
80$109,006,686$37,790,472$27,332,059$97,385,211
81$120,022,046$39,538,883$28,144,361$106,686,017
82$132,157,718$41,369,712$28,980,620$116,913,032
83$145,527,871$43,286,894$29,841,537$128,159,886
84$160,258,317$45,294,555$30,727,832$140,529,728
85$176,487,697$47,397,019$31,640,245$154,136,194
86$194,368,789$49,598,820$32,579,540$169,104,473
87$214,069,951$51,904,708$33,546,501$185,572,488
88$235,776,712$54,319,664$34,541,934$203,692,187
89$259,693,518$56,848,910$35,566,671$223,630,979
90$286,045,668$59,497,917$36,621,565$245,573,306
91$315,081,434$62,272,423$37,707,496$269,722,377
92$347,074,411$65,178,442$38,825,367$296,302,083
93$382,326,093$68,222,278$39,976,109$325,559,102
94$421,168,725$71,410,540$41,160,679$357,765,225
95$463,968,434$74,750,156$42,380,061$393,219,912
96$511,128,689$78,248,389$43,635,268$432,253,114
97$563,094,108$81,912,852$44,927,343$475,228,378
98$620,354,654$85,751,529$46,257,355$522,546,274
99$683,450,261$89,772,786$47,626,409$574,648,169
100$752,975,933$93,985,397$49,035,639$632,020,384