No, 60 GB is not the final size on disk, it is a rough (and safe) estimate of what you may need during installation. At the end it is effectively much less.
Looking at Xcode 13.2 installed on my Mac:
32 087 104 955 bytes (17,94 GB on disk) - Xcode is stored compressed and expanded in memory on demand
So the final foot print is 18 GB.
But during installation, you have:
- the zipped file : 11 GB that you can remove at the end
- the expanded (about 32)
- then some files during install (if I remember well, the 18 GB compressed form)
So, don't confuse what you need during installation and final footprint.
May read this:
https://macpaw.com/how-to/why-xcode-so-big