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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,300,332
2 years$690,884$678,017$665,547$653,456$641,728$594,573
3 years$456,014$443,092$430,653$418,676$407,139$361,608
4 years$338,602$325,719$313,405$301,632$290,375$246,817
5 years$268,174$255,368$243,215$231,683$220,738$179,267
6 years$221,236$208,527$196,554$185,278$174,663$135,310
7 years$187,723$175,121$163,337$152,328$142,048$104,805
8 years$162,599$150,111$138,523$127,784$117,842$82,680
9 years$143,069$130,698$119,310$108,843$99,240$66,113
10 years$127,454$115,204$104,017$93,824$84,558$53,410
11 years$114,686$102,560$91,575$81,655$72,722$43,491
12 years$104,054$92,052$81,270$71,622$63,020$35,635
13 years$95,065$83,188$72,610$63,232$54,954$29,344
14 years$87,366$75,616$65,240$56,130$48,173$24,260
15 years$80,700$69,076$58,903$50,058$42,415$20,122
16 years$74,873$63,376$53,404$44,822$37,487$16,734
17 years$69,737$58,367$48,596$40,272$33,238$13,946
18 years$65,177$53,934$44,362$36,293$29,554$11,644
19 years$61,101$49,985$40,611$32,794$26,342$9,736
20 years$57,438$46,449$37,271$29,701$23,529$8,151
21 years$54,127$43,265$34,282$26,956$21,056$6,831
22 years$51,122$40,386$31,596$24,509$18,874$5,729
23 years$48,382$37,773$29,173$22,321$16,942$4,809
24 years$45,874$35,391$26,980$20,358$15,228$4,039
25 years$43,571$33,212$24,989$18,592$13,703$3,393
26 years$41,448$31,214$23,176$17,000$12,343$2,853
27 years$39,485$29,376$21,521$15,560$11,128$2,399
28 years$37,666$27,681$20,007$14,256$10,041$2,018
29 years$35,976$26,114$18,618$13,073$9,067$1,698
30 years$34,401$24,662$17,342$11,998$8,193$1,429
31 years$32,931$23,314$16,167$11,019$7,407$1,202
32 years$31,555$22,059$15,084$10,127$6,700$1,012
33 years$30,265$20,891$14,084$9,313$6,064$852
34 years$29,054$19,800$13,160$8,568$5,490$718
35 years$27,915$18,780$12,303$7,888$4,972$604
36 years$26,841$17,825$11,510$7,264$4,505$509
37 years$25,828$16,929$10,773$6,693$4,083$429
38 years$24,870$16,089$10,088$6,169$3,702$361
39 years$23,964$15,299$9,452$5,688$3,357$304
40 years$23,105$14,556$8,859$5,247$3,045$256
41 years$22,290$13,856$8,307$4,841$2,762$216
42 years$21,516$13,196$7,792$4,467$2,507$182
43 years$20,780$12,573$7,312$4,124$2,275$153
44 years$20,080$11,984$6,863$3,808$2,065$129
45 years$19,412$11,428$6,445$3,517$1,875$109
46 years$18,775$10,902$6,053$3,248$1,702$91
47 years$18,168$10,404$5,687$3,001$1,545$77
48 years$17,587$9,932$5,344$2,773$1,404$65
49 years$17,032$9,484$5,023$2,563$1,275$55
50 years$16,500$9,060$4,722$2,369$1,158$46

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 $4,612 every year, while hoping to spend $38,396 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: 78/13/9 Blend
59$16,900,000$16,900,000$16,900,000$16,900,000
60$18,628,557$17,732,857$17,470,907$20,055,226
61$20,487,817$18,560,914$18,015,330$21,820,989
62$22,535,434$19,428,259$18,576,703$23,751,650
63$24,790,581$20,336,776$19,155,555$25,867,939
64$27,274,384$21,288,442$19,752,430$28,188,335
65$30,010,123$22,285,327$20,367,888$30,733,184
66$33,023,449$23,329,602$21,002,506$33,524,885
67$36,342,633$24,423,544$21,656,882$36,588,104
68$39,998,823$25,569,539$22,331,629$39,949,997
69$44,026,345$26,770,089$23,027,381$43,640,471
70$48,463,026$28,027,817$23,744,791$47,692,457
71$53,350,546$29,345,472$24,484,534$52,142,222
72$58,734,839$30,725,937$25,247,303$57,029,704
73$64,666,520$32,172,236$26,033,815$62,398,889
74$71,201,366$33,687,535$26,844,808$68,298,223
75$78,400,839$35,275,159$27,681,043$74,781,060
76$86,332,672$36,938,589$28,543,306$81,906,169
77$95,071,503$38,681,479$29,432,405$89,738,278
78$104,699,581$40,507,656$30,349,175$98,348,686
79$115,307,543$42,421,135$31,294,477$107,815,928
80$126,995,268$44,426,127$32,269,198$118,226,513
81$139,872,821$46,527,043$33,274,252$129,675,736
82$154,061,492$48,728,511$34,310,582$142,268,571
83$169,694,939$51,035,382$35,379,161$156,120,659
84$186,920,451$53,452,745$36,480,992$171,359,389
85$205,900,340$55,985,932$37,617,107$188,125,102
86$226,813,468$58,640,536$38,788,574$206,572,404
87$249,856,941$61,422,421$39,996,491$226,871,620
88$275,247,966$64,337,737$41,241,990$249,210,398
89$303,225,903$67,392,930$42,526,241$273,795,468
90$334,054,522$70,594,761$43,850,447$300,854,594
91$368,024,497$73,950,318$45,215,851$330,638,708
92$405,456,147$77,467,035$46,623,733$363,424,275
93$446,702,459$81,152,705$48,075,413$399,515,898
94$492,152,423$85,015,501$49,572,253$439,249,176
95$542,234,703$89,063,992$51,115,656$482,993,871
96$597,421,681$93,307,166$52,707,069$531,157,385
97$658,233,921$97,754,446$54,347,983$584,188,598
98$725,245,078$102,415,711$56,039,939$642,582,092
99$799,087,320$107,301,325$57,784,520$706,882,813
100$880,457,288$112,422,152$59,583,364$777,691,202