Can I retire at age 60 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,303,077
2 years$674,532$661,969$649,794$637,990$626,540$613,791
3 years$445,221$432,604$420,460$408,766$397,502$385,055
4 years$330,588$318,010$305,987$294,493$283,502$271,453
5 years$261,826$249,324$237,459$226,199$215,514$203,898
6 years$216,000$203,592$191,902$180,893$170,529$159,361
7 years$183,280$170,976$159,471$148,722$138,686$127,970
8 years$158,751$146,558$135,244$124,759$115,053$104,790
9 years$139,683$127,605$116,486$106,267$96,891$87,077
10 years$124,437$112,478$101,555$91,603$82,556$73,185
11 years$111,972$100,132$89,407$79,722$71,001$62,065
12 years$101,592$89,873$79,347$69,927$61,528$53,019
13 years$92,815$81,219$70,891$61,735$53,654$45,561
14 years$85,299$73,826$63,696$54,802$47,032$39,346
15 years$78,790$67,441$57,509$48,873$41,411$34,119
16 years$73,101$61,876$52,140$43,761$36,599$29,690
17 years$68,087$56,986$47,446$39,319$32,451$25,912
18 years$63,634$52,657$43,312$35,434$28,854$22,672
19 years$59,655$48,802$39,650$32,018$25,718$19,881
20 years$56,078$45,349$36,389$28,998$22,972$17,466
21 years$52,846$42,241$33,470$26,318$20,558$15,370
22 years$49,912$39,431$30,848$23,929$18,427$13,544
23 years$47,237$36,879$28,483$21,793$16,541$11,950
24 years$44,789$34,553$26,342$19,876$14,867$10,555
25 years$42,540$32,426$24,398$18,152$13,378$9,332
26 years$40,467$30,475$22,628$16,597$12,051$8,257
27 years$38,551$28,681$21,012$15,192$10,865$7,311
28 years$36,775$27,026$19,533$13,919$9,804$6,478
29 years$35,124$25,496$18,177$12,764$8,852$5,743
30 years$33,587$24,078$16,932$11,714$7,999$5,094
31 years$32,151$22,762$15,785$10,759$7,232$4,520
32 years$30,808$21,537$14,727$9,887$6,541$4,013
33 years$29,549$20,396$13,751$9,092$5,920$3,564
34 years$28,367$19,331$12,848$8,366$5,360$3,166
35 years$27,254$18,335$12,012$7,701$4,855$2,813
36 years$26,206$17,403$11,237$7,092$4,399$2,500
37 years$25,216$16,529$10,518$6,535$3,987$2,222
38 years$24,281$15,708$9,849$6,023$3,614$1,976
39 years$23,397$14,937$9,228$5,554$3,277$1,757
40 years$22,558$14,211$8,649$5,123$2,973$1,563
41 years$21,763$13,528$8,110$4,726$2,697$1,390
42 years$21,007$12,883$7,608$4,362$2,447$1,237
43 years$20,288$12,275$7,139$4,026$2,221$1,100
44 years$19,604$11,701$6,701$3,718$2,016$979
45 years$18,953$11,158$6,292$3,433$1,830$871
46 years$18,331$10,644$5,910$3,171$1,662$775
47 years$17,738$10,158$5,552$2,930$1,509$690
48 years$17,171$9,697$5,217$2,707$1,370$614
49 years$16,629$9,260$4,904$2,502$1,245$547
50 years$16,110$8,846$4,610$2,313$1,130$487

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,500,000, adding $6,140 every year, while hoping to spend $27,327 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: 41/46/13 Blend
59$16,500,000$16,500,000$16,500,000$16,500,000
60$18,189,333$17,314,833$17,059,083$18,864,942
61$20,015,570$18,134,185$17,601,487$20,160,750
62$22,027,166$18,992,768$18,161,145$21,559,186
63$24,243,001$19,892,477$18,738,607$23,072,140
64$26,683,876$20,835,298$19,334,440$24,710,045
65$29,372,715$21,823,311$19,949,227$26,484,341
66$32,334,780$22,858,701$20,583,574$28,407,577
67$35,597,905$23,943,755$21,238,101$30,493,516
68$39,192,765$25,080,873$21,913,452$32,757,264
69$43,153,164$26,272,572$22,610,289$35,215,395
70$47,516,349$27,521,491$23,329,296$37,886,106
71$52,323,369$28,830,396$24,071,179$40,789,371
72$57,619,455$30,202,188$24,836,667$43,947,127
73$63,454,454$31,639,910$25,626,510$47,383,462
74$69,883,295$33,146,752$26,441,484$51,124,839
75$76,966,506$34,726,058$27,282,389$55,200,328
76$84,770,791$36,381,336$28,150,050$59,641,870
77$93,369,654$38,116,264$29,045,320$64,484,565
78$102,844,097$39,934,700$29,969,076$69,766,990
79$113,283,382$41,840,687$30,922,227$75,531,550
80$124,785,873$43,838,466$31,905,708$81,824,860
81$137,459,967$45,932,486$32,920,484$88,698,171
82$151,425,116$48,127,410$33,967,553$96,207,839
83$166,812,953$50,428,129$35,047,941$104,415,837
84$183,768,538$52,839,771$36,162,711$113,390,322
85$202,451,723$55,367,714$37,312,956$123,206,262
86$223,038,665$58,017,598$38,499,806$133,946,121
87$245,723,487$60,795,338$39,724,427$145,700,618
88$270,720,109$63,707,136$40,988,022$158,569,562
89$298,264,270$66,759,496$42,291,831$172,662,770
90$328,615,753$69,959,238$43,637,135$188,101,079
91$362,060,836$73,313,517$45,025,255$205,017,466
92$398,914,996$76,829,834$46,457,555$223,558,272
93$439,525,884$80,516,054$47,935,441$243,884,558
94$484,276,611$84,380,428$49,460,366$266,173,598
95$533,589,365$88,431,608$51,033,827$290,620,520
96$587,929,390$92,678,667$52,657,370$317,440,117
97$647,809,385$97,131,119$54,332,590$346,868,844
98$713,794,343$101,798,945$56,061,133$379,167,011
99$786,506,882$106,692,609$57,844,696$414,621,207
100$866,633,123$111,823,086$59,685,033$453,546,969