Can I retire at age 60 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,336,047
2 years$699,060$686,041$673,423$661,189$649,323$621,706
3 years$461,411$448,335$435,749$423,630$411,957$385,116
4 years$342,609$329,574$317,114$305,202$293,811$267,954
5 years$271,347$258,390$246,093$234,424$223,351$198,549
6 years$223,855$210,995$198,880$187,471$176,730$153,012
7 years$189,945$177,193$165,270$154,130$143,729$121,099
8 years$164,524$151,887$140,162$129,296$119,237$97,689
9 years$144,762$132,245$120,722$110,132$100,415$79,934
10 years$128,962$116,568$105,248$94,934$85,558$66,125
11 years$116,044$103,773$92,659$82,621$73,583$55,174
12 years$105,286$93,141$82,232$72,470$63,765$46,353
13 years$96,190$84,173$73,469$63,980$55,605$39,159
14 years$88,400$76,511$66,012$56,794$48,743$33,234
15 years$81,655$69,894$59,600$50,651$42,917$28,311
16 years$75,759$64,126$54,036$45,352$37,930$24,194
17 years$70,563$59,058$49,171$40,749$33,631$20,729
18 years$65,948$54,572$44,887$36,723$29,904$17,801
19 years$61,824$50,577$41,092$33,182$26,654$15,315
20 years$58,117$46,998$37,712$30,053$23,808$13,197
21 years$54,768$43,777$34,688$27,275$21,305$11,388
22 years$51,727$40,864$31,970$24,799$19,097$9,838
23 years$48,955$38,220$29,519$22,585$17,143$8,508
24 years$46,417$35,809$27,300$20,599$15,408$7,364
25 years$44,086$33,605$25,285$18,812$13,865$6,378
26 years$41,938$31,584$23,451$17,201$12,489$5,528
27 years$39,953$29,724$21,776$15,744$11,260$4,794
28 years$38,112$28,009$20,244$14,425$10,160$4,159
29 years$36,402$26,423$18,838$13,228$9,174$3,610
30 years$34,808$24,954$17,547$12,140$8,290$3,135
31 years$33,320$23,589$16,359$11,150$7,495$2,723
32 years$31,928$22,320$15,263$10,247$6,779$2,365
33 years$30,624$21,138$14,251$9,423$6,135$2,055
34 years$29,398$20,034$13,315$8,670$5,555$1,787
35 years$28,245$19,002$12,449$7,981$5,031$1,553
36 years$27,159$18,035$11,646$7,350$4,559$1,350
37 years$26,133$17,130$10,900$6,772$4,132$1,174
38 years$25,164$16,279$10,208$6,242$3,746$1,021
39 years$24,247$15,480$9,563$5,756$3,397$888
40 years$23,378$14,728$8,964$5,309$3,081$772
41 years$22,554$14,020$8,405$4,898$2,795$672
42 years$21,771$13,352$7,884$4,520$2,536$585
43 years$21,026$12,722$7,398$4,173$2,302$509
44 years$20,317$12,126$6,945$3,853$2,089$442
45 years$19,642$11,564$6,521$3,558$1,897$385
46 years$18,998$11,031$6,125$3,287$1,722$335
47 years$18,383$10,527$5,754$3,037$1,564$291
48 years$17,795$10,049$5,407$2,806$1,420$254
49 years$17,233$9,597$5,082$2,593$1,290$221
50 years$16,696$9,167$4,778$2,397$1,172$192

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,100,000, adding $2,927 every year, while hoping to spend $33,604 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: 69/24/7 Blend
59$17,100,000$17,100,000$17,100,000$17,100,000
60$18,847,219$17,940,919$17,675,869$20,126,360
61$20,733,881$18,784,270$18,232,256$21,816,790
62$22,811,856$19,667,818$18,806,156$23,660,897
63$25,100,623$20,593,499$19,398,120$25,677,202
64$27,621,646$21,563,340$20,008,716$27,882,580
65$30,398,577$22,579,467$20,638,532$30,295,591
66$33,457,480$23,644,109$21,288,171$32,936,660
67$36,827,076$24,759,603$21,958,257$35,828,259
68$40,539,014$25,928,400$22,649,435$38,995,116
69$44,628,171$27,153,069$23,362,368$42,464,447
70$49,132,978$28,436,302$24,097,741$46,266,202
71$54,095,786$29,780,926$24,856,260$50,433,345
72$59,563,266$31,189,900$25,638,654$55,002,162
73$65,586,843$32,666,330$26,445,674$60,012,594
74$72,223,192$34,213,471$27,278,094$65,508,609
75$79,534,763$35,834,736$28,136,716$71,538,610
76$87,590,375$37,533,705$29,022,362$78,155,888
77$96,465,866$39,314,129$29,935,884$85,419,114
78$106,244,808$41,179,945$30,878,160$93,392,888
79$117,019,293$43,135,277$31,850,093$102,148,342
80$128,890,808$45,184,453$32,852,618$111,763,798
81$141,971,187$47,332,007$33,886,697$122,325,507
82$156,383,670$49,582,698$34,953,324$133,928,447
83$172,264,067$51,941,512$36,053,522$146,677,215
84$189,762,035$54,413,680$37,188,349$160,687,000
85$209,042,498$57,004,686$38,358,894$176,084,667
86$230,287,198$59,720,280$39,566,281$193,009,939
87$253,696,411$62,566,492$40,811,671$211,616,703
88$279,490,841$65,549,647$42,096,258$232,074,458
89$307,913,701$68,676,374$43,421,277$254,569,895
90$339,233,010$71,953,627$44,788,001$279,308,654
91$373,744,118$75,388,697$46,197,741$306,517,246
92$411,772,505$78,989,229$47,651,851$336,445,179
93$453,676,841$82,763,242$49,151,729$369,367,301
94$499,852,381$86,719,143$50,698,814$405,586,376
95$550,734,691$90,865,749$52,294,592$445,435,928
96$606,803,765$95,212,305$53,940,596$489,283,373
97$668,588,549$99,768,508$55,638,406$537,533,467
98$736,671,941$104,544,526$57,389,653$590,632,111
99$811,696,292$109,551,020$59,196,018$649,070,543
100$894,369,466$114,799,172$61,059,237$713,389,950