Can I retire at age 60 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,335,781
2 years$690,884$678,017$665,547$653,456$641,728$629,788
3 years$456,014$443,092$430,653$418,676$407,139$395,477
4 years$338,602$325,719$313,405$301,632$290,375$279,082
5 years$268,174$255,368$243,215$231,683$220,738$209,848
6 years$221,236$208,527$196,554$185,278$174,663$164,187
7 years$187,723$175,121$163,337$152,328$142,048$131,992
8 years$162,599$150,111$138,523$127,784$117,842$108,207
9 years$143,069$130,698$119,310$108,843$99,240$90,022
10 years$127,454$115,204$104,017$93,824$84,558$75,751
11 years$114,686$102,560$91,575$81,655$72,722$64,321
12 years$104,054$92,052$81,270$71,622$63,020$55,015
13 years$95,065$83,188$72,610$63,232$54,954$47,337
14 years$87,366$75,616$65,240$56,130$48,173$40,934
15 years$80,700$69,076$58,903$50,058$42,415$35,544
16 years$74,873$63,376$53,404$44,822$37,487$30,972
17 years$69,737$58,367$48,596$40,272$33,238$27,069
18 years$65,177$53,934$44,362$36,293$29,554$23,718
19 years$61,101$49,985$40,611$32,794$26,342$20,828
20 years$57,438$46,449$37,271$29,701$23,529$18,325
21 years$54,127$43,265$34,282$26,956$21,056$16,150
22 years$51,122$40,386$31,596$24,509$18,874$14,253
23 years$48,382$37,773$29,173$22,321$16,942$12,594
24 years$45,874$35,391$26,980$20,358$15,228$11,141
25 years$43,571$33,212$24,989$18,592$13,703$9,865
26 years$41,448$31,214$23,176$17,000$12,343$8,743
27 years$39,485$29,376$21,521$15,560$11,128$7,754
28 years$37,666$27,681$20,007$14,256$10,041$6,881
29 years$35,976$26,114$18,618$13,073$9,067$6,110
30 years$34,401$24,662$17,342$11,998$8,193$5,429
31 years$32,931$23,314$16,167$11,019$7,407$4,825
32 years$31,555$22,059$15,084$10,127$6,700$4,291
33 years$30,265$20,891$14,084$9,313$6,064$3,817
34 years$29,054$19,800$13,160$8,568$5,490$3,396
35 years$27,915$18,780$12,303$7,888$4,972$3,023
36 years$26,841$17,825$11,510$7,264$4,505$2,691
37 years$25,828$16,929$10,773$6,693$4,083$2,396
38 years$24,870$16,089$10,088$6,169$3,702$2,134
39 years$23,964$15,299$9,452$5,688$3,357$1,901
40 years$23,105$14,556$8,859$5,247$3,045$1,694
41 years$22,290$13,856$8,307$4,841$2,762$1,509
42 years$21,516$13,196$7,792$4,467$2,507$1,345
43 years$20,780$12,573$7,312$4,124$2,275$1,199
44 years$20,080$11,984$6,863$3,808$2,065$1,068
45 years$19,412$11,428$6,445$3,517$1,875$952
46 years$18,775$10,902$6,053$3,248$1,702$849
47 years$18,168$10,404$5,687$3,001$1,545$757
48 years$17,587$9,932$5,344$2,773$1,404$675
49 years$17,032$9,484$5,023$2,563$1,275$602
50 years$16,500$9,060$4,722$2,369$1,158$537

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,900,000, adding $4,587 every year, while hoping to spend $30,631 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: 50/21/29 Blend
59$16,900,000$16,900,000$16,900,000$16,900,000
60$18,628,531$17,732,831$17,470,881$19,406,636
61$20,496,051$18,569,149$18,023,565$20,788,169
62$22,553,030$19,445,420$18,593,737$22,285,560
63$24,818,762$20,363,568$19,181,950$23,912,609
64$27,314,507$21,325,614$19,788,776$25,681,646
65$30,063,691$22,333,674$20,414,804$27,606,222
66$33,092,129$23,389,966$21,060,642$29,701,232
67$36,428,270$24,496,817$21,726,917$31,983,051
68$40,103,460$25,656,668$22,414,275$34,469,684
69$44,152,244$26,872,076$23,123,385$37,180,927
70$48,612,688$28,145,723$23,854,933$40,138,553
71$53,526,740$29,480,421$24,609,632$43,366,507
72$58,940,626$30,879,120$25,388,213$46,891,130
73$64,905,284$32,344,911$26,191,432$50,741,395
74$71,476,848$33,881,037$27,020,070$54,949,180
75$78,717,175$35,490,896$27,874,931$59,549,560
76$86,694,430$37,178,053$28,756,844$64,581,127
77$95,483,731$38,946,246$29,666,667$70,086,350
78$105,167,854$40,799,395$30,605,283$76,111,969
79$115,838,018$42,741,608$31,573,603$82,709,424
80$127,594,745$44,777,196$32,572,568$89,935,332
81$140,548,807$46,910,677$33,603,147$97,852,016
82$154,822,275$49,146,790$34,666,342$106,528,081
83$170,549,668$51,490,503$35,763,185$116,039,051
84$187,879,223$53,947,027$36,894,741$126,468,072
85$206,974,298$56,521,825$38,062,109$137,906,687
86$228,014,909$59,220,628$39,266,423$150,455,688
87$251,199,434$62,049,442$40,508,852$164,226,053
88$276,746,481$65,014,570$41,790,603$179,339,987
89$304,896,954$68,122,616$43,112,921$195,932,057
90$335,916,330$71,380,511$44,477,090$214,150,450
91$370,097,158$74,795,518$45,884,435$234,158,360
92$407,761,828$78,375,258$47,336,323$256,135,511
93$449,265,609$82,127,720$48,834,164$280,279,841
94$495,000,006$86,061,283$50,379,414$306,809,349
95$545,396,454$90,184,734$51,973,572$335,964,143
96$600,930,393$94,507,287$53,618,187$368,008,684
97$662,125,755$99,038,606$55,314,858$403,234,266
98$729,559,908$103,788,823$57,065,232$441,961,745
99$803,869,110$108,768,567$58,871,008$484,544,551
100$885,754,515$113,988,982$60,733,943$531,372,001