Can I retire at age 60 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,302,851
2 years$678,620$665,981$653,733$641,856$630,337$609,378
3 years$447,919$435,226$423,008$411,244$399,912$379,503
4 years$332,592$319,937$307,842$296,278$285,220$265,519
5 years$263,413$250,835$238,898$227,570$216,820$197,883
6 years$217,309$204,825$193,065$181,989$171,562$153,411
7 years$184,391$172,012$160,438$149,624$139,526$122,167
8 years$159,713$147,446$136,064$125,515$115,750$99,180
9 years$140,529$128,378$117,192$106,911$97,479$81,689
10 years$125,192$113,159$102,171$92,159$83,057$68,034
11 years$112,651$100,739$89,949$80,206$71,431$57,161
12 years$102,207$90,418$79,828$70,351$61,901$48,365
13 years$93,377$81,711$71,321$62,109$53,979$41,157
14 years$85,816$74,273$64,082$55,134$47,318$35,189
15 years$79,268$67,850$57,857$49,170$41,662$30,205
16 years$73,544$62,251$52,456$44,026$36,821$26,012
17 years$68,499$57,331$47,733$39,557$32,648$22,464
18 years$64,020$52,976$43,574$35,649$29,029$19,445
19 years$60,017$49,098$39,890$32,212$25,874$16,866
20 years$56,418$45,624$36,609$29,174$23,111$14,654
21 years$53,167$42,497$33,673$26,477$20,682$12,751
22 years$50,215$39,670$31,035$24,074$18,539$11,109
23 years$47,523$37,102$28,656$21,925$16,641$9,689
24 years$45,060$34,762$26,501$19,996$14,958$8,459
25 years$42,797$32,623$24,546$18,262$13,460$7,391
26 years$40,712$30,660$22,765$16,698$12,124$6,463
27 years$38,785$28,855$21,139$15,284$10,931$5,654
28 years$36,998$27,190$19,652$14,003$9,863$4,950
29 years$35,337$25,650$18,288$12,841$8,906$4,335
30 years$33,790$24,224$17,034$11,785$8,047$3,798
31 years$32,346$22,900$15,880$10,824$7,275$3,329
32 years$30,995$21,668$14,817$9,947$6,581$2,919
33 years$29,728$20,520$13,834$9,147$5,956$2,560
34 years$28,538$19,448$12,926$8,416$5,392$2,246
35 years$27,419$18,446$12,085$7,748$4,884$1,970
36 years$26,365$17,508$11,305$7,135$4,425$1,729
37 years$25,369$16,629$10,582$6,574$4,011$1,518
38 years$24,429$15,803$9,909$6,060$3,636$1,332
39 years$23,538$15,027$9,284$5,587$3,297$1,170
40 years$22,695$14,297$8,702$5,154$2,991$1,027
41 years$21,894$13,610$8,159$4,755$2,713$902
42 years$21,134$12,961$7,654$4,388$2,462$792
43 years$20,411$12,350$7,182$4,051$2,234$696
44 years$19,723$11,772$6,742$3,740$2,028$611
45 years$19,067$11,225$6,330$3,454$1,841$537
46 years$18,442$10,709$5,945$3,191$1,672$471
47 years$17,845$10,219$5,586$2,948$1,518$414
48 years$17,275$9,756$5,249$2,724$1,379$364
49 years$16,729$9,316$4,934$2,517$1,252$320
50 years$16,207$8,899$4,638$2,327$1,137$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,600,000, adding $3,867 every year, while hoping to spend $26,783 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: 45/41/14 Blend
59$16,600,000$16,600,000$16,600,000$16,600,000
60$18,297,189$17,417,389$17,160,089$19,047,232
61$20,135,005$18,242,344$17,706,455$20,394,760
62$22,159,381$19,106,824$18,270,227$21,852,088
63$24,389,318$20,012,738$18,851,959$23,431,774
64$26,845,752$20,962,087$19,452,224$25,145,145
65$29,551,758$21,956,968$20,071,612$27,004,631
66$32,532,761$22,999,583$20,710,734$29,023,875
67$35,816,777$24,092,237$21,370,219$31,217,853
68$39,434,682$25,237,350$22,050,715$33,603,011
69$43,420,498$26,437,459$22,752,892$36,197,409
70$47,811,716$27,695,222$23,477,442$39,020,882
71$52,649,652$29,013,429$24,225,077$42,095,221
72$57,979,834$30,395,004$24,996,534$45,444,369
73$63,852,432$31,843,014$25,792,573$49,094,632
74$70,322,732$33,360,674$26,613,976$53,074,925
75$77,451,659$34,951,355$27,461,553$57,417,028
76$85,306,351$36,618,595$28,336,138$62,155,874
77$93,960,793$38,366,099$29,238,592$67,329,873
78$103,496,513$40,197,757$30,169,804$72,981,256
79$114,003,355$42,117,646$31,130,691$79,156,462
80$125,580,327$44,130,040$32,122,198$85,906,565
81$138,336,532$46,239,423$33,145,304$93,287,739
82$152,392,201$48,450,497$34,201,013$101,361,775
83$167,879,826$50,768,192$35,290,368$110,196,646
84$184,945,412$53,197,678$36,414,440$119,867,135
85$203,749,857$55,744,377$37,574,336$130,455,524
86$224,470,466$58,413,975$38,771,200$142,052,349
87$247,302,627$61,212,434$40,006,209$154,757,238
88$272,461,659$64,146,006$41,280,580$168,679,833
89$300,184,837$67,221,250$42,595,569$183,940,801
90$330,733,641$70,445,042$43,952,471$200,672,955
91$364,396,217$73,824,593$45,352,623$219,022,481
92$401,490,099$77,367,466$46,797,404$239,150,298
93$442,365,209$81,081,592$48,288,237$261,233,548
94$487,407,158$84,975,288$49,826,591$285,467,246
95$537,040,889$89,057,277$51,413,982$312,066,092
96$591,734,683$93,336,708$53,051,974$341,266,468
97$652,004,586$97,823,172$54,742,181$373,328,640
98$718,419,278$102,526,732$56,486,269$408,539,186
99$791,605,441$107,457,938$58,285,955$447,213,663
100$872,253,675$112,627,856$60,143,014$489,699,556