Bacon and his brother, Michael, climbed Pikes Peak with about 95 people as part of a fund raiser for the Love Hope Strength Foundation cancer charity.
The hikers made the event a tribute to Farrah Fawcett, who died on Friday after battling anal cancer.
At the mountaintop, their band, The Bacon Brothers, performed three songs.
The brothers also played a concert in Denver to raise money for the foundation, which has held fundraising concerts at Machu Picchu in Peru and Mount Everest.