Can I retire at age 60 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,305,862
2 years$682,708$669,993$657,671$645,723$634,134$608,226
3 years$450,618$437,848$425,556$413,721$402,321$377,132
4 years$334,595$321,865$309,696$298,063$286,938$262,664
5 years$265,000$252,346$240,337$228,941$218,126$194,834
6 years$218,618$206,059$194,228$183,086$172,596$150,312
7 years$185,501$173,048$161,404$150,525$140,367$119,096
8 years$160,675$148,334$136,884$126,272$116,448$96,185
9 years$141,376$129,152$117,898$107,555$98,066$78,798
10 years$125,946$113,841$102,786$92,714$83,557$65,265
11 years$113,329$101,346$90,491$80,689$71,862$54,525
12 years$102,823$90,963$80,309$70,775$62,274$45,867
13 years$93,940$82,204$71,750$62,484$54,304$38,801
14 years$86,333$74,721$64,468$55,466$47,603$32,974
15 years$79,745$68,259$58,206$49,466$41,913$28,129
16 years$73,987$62,626$52,772$44,291$37,043$24,072
17 years$68,912$57,676$48,021$39,795$32,845$20,655
18 years$64,405$53,296$43,837$35,864$29,204$17,763
19 years$60,378$49,394$40,130$32,406$26,030$15,305
20 years$56,758$45,899$36,830$29,350$23,251$13,208
21 years$53,487$42,753$33,876$26,637$20,807$11,415
22 years$50,517$39,909$31,222$24,219$18,650$9,877
23 years$47,810$37,326$28,828$22,057$16,742$8,554
24 years$45,332$34,972$26,661$20,117$15,048$7,416
25 years$43,055$32,819$24,694$18,372$13,541$6,433
26 years$40,957$30,845$22,902$16,798$12,197$5,585
27 years$39,018$29,029$21,267$15,376$10,997$4,851
28 years$37,221$27,353$19,770$14,088$9,922$4,216
29 years$35,550$25,805$18,398$12,919$8,960$3,665
30 years$33,994$24,370$17,137$11,856$8,096$3,188
31 years$32,541$23,038$15,976$10,889$7,319$2,773
32 years$31,182$21,798$14,906$10,007$6,621$2,413
33 years$29,907$20,643$13,918$9,202$5,992$2,101
34 years$28,710$19,565$13,004$8,467$5,425$1,829
35 years$27,584$18,557$12,158$7,794$4,914$1,593
36 years$26,523$17,614$11,373$7,178$4,452$1,387
37 years$25,522$16,729$10,645$6,614$4,035$1,208
38 years$24,576$15,898$9,969$6,096$3,658$1,052
39 years$23,680$15,118$9,340$5,621$3,317$917
40 years$22,832$14,383$8,754$5,185$3,009$799
41 years$22,026$13,692$8,209$4,783$2,730$696
42 years$21,262$13,039$7,700$4,415$2,477$607
43 years$20,534$12,424$7,225$4,075$2,248$529
44 years$19,842$11,843$6,782$3,763$2,040$461
45 years$19,182$11,293$6,368$3,475$1,852$402
46 years$18,553$10,773$5,981$3,210$1,682$350
47 years$17,953$10,281$5,619$2,966$1,527$305
48 years$17,379$9,814$5,281$2,740$1,387$266
49 years$16,830$9,372$4,963$2,533$1,260$232
50 years$16,305$8,953$4,666$2,341$1,144$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,700,000, adding $5,461 every year, while hoping to spend $54,726 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: 45/39/16 Blend
59$16,700,000$16,700,000$16,700,000$16,700,000
60$18,409,033$17,523,933$17,265,083$19,152,813
61$20,228,526$18,324,378$17,785,235$20,473,076
62$22,231,774$19,162,210$18,320,978$21,897,972
63$24,437,461$20,039,204$18,872,777$23,441,938
64$26,866,176$20,957,219$19,441,109$25,116,023
65$29,540,607$21,918,204$20,026,468$26,932,359
66$32,485,754$22,924,201$20,629,359$28,904,261
67$35,729,163$23,977,350$21,250,306$31,046,352
68$39,301,192$25,079,894$21,889,844$33,374,692
69$43,235,288$26,234,183$22,548,529$35,906,922
70$47,568,311$27,442,682$23,226,929$38,662,423
71$52,340,878$28,707,973$23,925,630$41,662,490
72$57,597,746$30,032,762$24,645,237$44,930,525
73$63,388,235$31,419,885$25,386,371$48,492,250
74$69,766,692$32,872,317$26,149,671$52,375,938
75$76,793,006$34,393,172$26,935,797$56,612,671
76$84,533,173$35,985,718$27,745,427$61,236,626
77$93,059,917$37,653,378$28,579,259$66,285,383
78$102,453,376$39,399,741$29,438,011$71,800,269
79$112,801,860$41,228,568$30,322,424$77,826,739
80$124,202,684$43,143,802$31,233,260$84,414,790
81$136,763,085$45,149,577$32,171,302$91,619,423
82$150,601,237$47,250,223$33,137,357$99,501,145
83$165,847,363$49,450,283$34,132,258$108,126,529
84$182,644,964$51,754,518$35,156,859$117,568,829
85$201,152,178$54,167,916$36,212,041$127,908,650
86$221,543,266$56,695,710$37,298,711$139,234,700
87$244,010,263$59,343,384$38,417,801$151,644,606
88$268,764,785$62,116,685$39,570,273$165,245,821
89$296,040,031$65,021,641$40,757,115$180,156,616
90$326,092,982$68,064,568$41,979,346$196,507,182
91$359,206,824$71,252,090$43,238,012$214,440,834
92$395,693,628$74,591,150$44,534,193$234,115,346
93$435,897,288$78,089,027$45,868,999$255,704,419
94$480,196,773$81,753,351$47,243,572$279,399,293
95$529,009,702$85,592,123$48,659,090$305,410,534
96$582,796,284$89,613,730$50,116,762$333,969,991
97$642,063,667$93,826,965$51,617,836$365,332,962
98$707,370,722$98,241,046$53,163,593$399,780,576
99$779,333,317$102,865,639$54,755,355$437,622,414
100$858,630,137$107,710,877$56,394,481$479,199,408