Can I retire at age 60 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,258,539
2 years$662,268$649,934$637,980$626,390$615,148$581,849
3 years$437,126$424,739$412,815$401,334$390,275$357,990
4 years$324,577$312,228$300,424$289,139$278,348$247,325
5 years$257,066$244,791$233,141$222,086$211,595$181,921
6 years$212,073$199,890$188,413$177,604$167,428$139,131
7 years$179,948$167,867$156,572$146,018$136,164$109,247
8 years$155,865$143,893$132,785$122,491$112,961$87,411
9 years$137,143$125,285$114,368$104,335$95,130$70,924
10 years$122,175$110,433$99,709$89,938$81,055$58,166
11 years$109,936$98,312$87,782$78,273$69,710$48,102
12 years$99,744$88,239$77,904$68,656$60,409$40,044
13 years$91,127$79,742$69,602$60,613$52,678$33,515
14 years$83,748$72,484$62,538$53,805$46,177$28,173
15 years$77,358$66,215$56,463$47,985$40,658$23,767
16 years$71,772$60,751$51,192$42,965$35,934$20,109
17 years$66,849$55,950$46,583$38,604$31,861$17,056
18 years$62,477$51,700$42,524$34,790$28,330$14,497
19 years$58,570$47,915$38,929$31,436$25,251$12,343
20 years$55,059$44,525$35,727$28,471$22,555$10,524
21 years$51,886$41,473$32,862$25,839$20,184$8,985
22 years$49,005$38,714$30,287$23,494$18,092$7,678
23 years$46,378$36,208$27,965$21,396$16,240$6,568
24 years$43,974$33,925$25,863$19,515$14,597$5,622
25 years$41,766$31,837$23,954$17,822$13,135$4,815
26 years$39,731$29,921$22,216$16,295$11,832$4,127
27 years$37,850$28,159$20,630$14,916$10,667$3,539
28 years$36,106$26,534$19,178$13,666$9,625$3,035
29 years$34,486$25,032$17,847$12,532$8,691$2,604
30 years$32,976$23,640$16,624$11,501$7,853$2,235
31 years$31,567$22,348$15,498$10,563$7,100$1,919
32 years$30,248$21,146$14,460$9,708$6,423$1,648
33 years$29,012$20,025$13,501$8,927$5,812$1,416
34 years$27,851$18,979$12,615$8,214$5,262$1,216
35 years$26,759$18,002$11,794$7,561$4,766$1,045
36 years$25,729$17,086$11,033$6,964$4,319$898
37 years$24,758$16,228$10,327$6,416$3,914$771
38 years$23,840$15,422$9,670$5,914$3,549$663
39 years$22,971$14,665$9,060$5,453$3,218$570
40 years$22,148$13,953$8,492$5,029$2,919$490
41 years$21,367$13,282$7,963$4,640$2,648$421
42 years$20,625$12,649$7,469$4,282$2,403$362
43 years$19,919$12,052$7,009$3,953$2,181$311
44 years$19,248$11,488$6,579$3,650$1,979$267
45 years$18,608$10,955$6,178$3,371$1,797$230
46 years$17,998$10,451$5,802$3,114$1,631$198
47 years$17,415$9,973$5,451$2,877$1,481$170
48 years$16,858$9,521$5,122$2,658$1,345$146
49 years$16,326$9,092$4,815$2,457$1,222$126
50 years$15,817$8,685$4,527$2,271$1,110$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,200,000, adding $2,588 every year, while hoping to spend $37,554 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: 35/47/18 Blend
59$16,200,000$16,200,000$16,200,000$16,200,000
60$17,855,070$16,996,470$16,745,370$18,381,438
61$19,636,329$17,789,339$17,266,382$19,559,063
62$21,598,019$18,619,801$17,803,590$20,825,148
63$23,758,503$19,489,657$18,357,496$22,190,439
64$26,138,017$20,400,797$18,928,619$23,663,769
65$28,758,860$21,355,202$19,517,493$25,254,816
66$31,645,604$22,354,947$20,124,670$26,974,183
67$34,825,327$23,402,210$20,750,717$28,833,493
68$38,327,864$24,499,273$21,396,220$30,845,488
69$42,186,097$25,648,528$22,061,784$33,024,142
70$46,436,257$26,852,483$22,748,032$35,384,781
71$51,118,269$28,113,769$23,455,605$37,944,222
72$56,276,130$29,435,141$24,185,165$40,720,917
73$61,958,322$30,819,490$24,937,395$43,735,116
74$68,218,272$32,269,846$25,712,999$47,009,051
75$75,114,853$33,789,385$26,512,701$50,567,132
76$82,712,942$35,381,440$27,337,251$54,436,162
77$91,084,032$37,049,500$28,187,419$58,645,582
78$100,306,906$38,797,228$29,064,000$63,227,731
79$110,468,381$40,628,463$29,967,814$68,218,140
80$121,664,126$42,547,228$30,899,707$73,655,850
81$133,999,568$44,557,744$31,860,548$79,583,767
82$147,590,886$46,664,434$32,851,238$86,049,050
83$162,566,103$48,871,939$33,872,702$93,103,536
84$179,066,302$51,185,121$34,925,894$100,804,218
85$197,246,954$53,609,080$36,011,800$109,213,757
86$217,279,382$56,149,164$37,131,434$118,401,059
87$239,352,384$58,810,978$38,285,843$128,441,902
88$263,674,014$61,600,403$39,476,105$139,419,632
89$290,473,543$64,523,602$40,703,334$151,425,925
90$320,003,624$67,587,038$41,968,675$164,561,628
91$352,542,679$70,797,488$43,273,311$178,937,692
92$388,397,526$74,162,059$44,618,461$194,676,186
93$427,906,276$77,688,202$46,005,382$211,911,427
94$471,441,522$81,383,731$47,435,368$230,791,218
95$519,413,862$85,256,837$48,909,757$251,478,215
96$572,275,767$89,316,113$50,429,925$274,151,427
97$630,525,859$93,570,567$51,997,292$299,007,880
98$694,713,617$98,029,645$53,613,321$326,264,436
99$765,444,561$102,703,253$55,279,522$356,159,810
100$843,385,971$107,601,777$56,997,451$388,956,782