Can I retire at age 60 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,362,337
2 years$703,148$690,053$677,361$665,056$653,120$643,827
3 years$464,109$450,957$438,298$426,108$414,366$405,282
4 years$344,613$331,501$318,968$306,987$295,529$286,724
5 years$272,934$259,901$247,533$235,795$224,657$216,157
6 years$225,164$212,229$200,043$188,567$177,763$169,579
7 years$191,055$178,229$166,237$155,032$144,569$136,705
8 years$165,486$152,776$140,982$130,052$119,934$112,390
9 years$145,609$133,019$121,428$110,776$101,002$93,776
10 years$129,717$117,249$105,863$95,490$86,059$79,147
11 years$116,722$104,380$93,200$83,105$74,013$67,411
12 years$105,901$93,686$82,713$72,894$64,138$57,839
13 years$96,753$84,665$73,899$64,354$55,930$49,928
14 years$88,917$76,958$66,398$57,127$49,028$43,316
15 years$82,133$70,302$59,949$50,947$43,168$37,738
16 years$76,202$64,501$54,352$45,617$38,152$32,997
17 years$70,975$59,403$49,458$40,987$33,828$28,939
18 years$66,334$54,891$45,149$36,937$30,078$25,446
19 years$62,186$50,873$41,332$33,376$26,810$22,426
20 years$58,457$47,273$37,932$30,229$23,947$19,803
21 years$55,088$44,033$34,890$27,434$21,430$17,516
22 years$52,030$41,103$32,157$24,944$19,209$15,517
23 years$49,241$38,443$29,691$22,717$17,243$13,764
24 years$46,689$36,019$27,459$20,719$15,498$12,222
25 years$44,344$33,802$25,433$18,922$13,946$10,865
26 years$42,184$31,768$23,588$17,301$12,562$9,666
27 years$40,186$29,898$21,903$15,836$11,326$8,607
28 years$38,335$28,172$20,362$14,509$10,219$7,669
29 years$36,615$26,577$18,949$13,305$9,228$6,837
30 years$35,012$25,100$17,650$12,211$8,338$6,099
31 years$33,515$23,727$16,454$11,215$7,538$5,443
32 years$32,115$22,451$15,352$10,307$6,819$4,860
33 years$30,803$21,261$14,334$9,478$6,171$4,341
34 years$29,570$20,151$13,393$8,721$5,587$3,879
35 years$28,410$19,113$12,522$8,028$5,061$3,467
36 years$27,318$18,141$11,714$7,393$4,585$3,099
37 years$26,286$17,230$10,964$6,812$4,156$2,772
38 years$25,312$16,374$10,267$6,279$3,768$2,479
39 years$24,389$15,570$9,619$5,789$3,417$2,218
40 years$23,515$14,814$9,016$5,340$3,099$1,984
41 years$22,686$14,102$8,454$4,927$2,811$1,776
42 years$21,898$13,430$7,930$4,547$2,551$1,589
43 years$21,149$12,796$7,442$4,197$2,315$1,423
44 years$20,436$12,197$6,985$3,875$2,102$1,274
45 years$19,757$11,631$6,559$3,579$1,908$1,140
46 years$19,109$11,096$6,160$3,306$1,732$1,021
47 years$18,490$10,589$5,788$3,054$1,573$914
48 years$17,899$10,108$5,439$2,822$1,428$819
49 years$17,334$9,653$5,112$2,608$1,297$733
50 years$16,793$9,221$4,806$2,411$1,178$657

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,200,000, adding $3,650 every year, while hoping to spend $36,669 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: 56/16/28 Blend
59$17,200,000$17,200,000$17,200,000$17,200,000
60$18,958,165$18,046,565$17,779,965$19,873,285
61$20,852,882$18,891,831$18,336,578$21,348,675
62$22,939,632$19,777,286$18,910,609$22,951,269
63$25,237,962$20,704,861$19,502,602$24,696,704
64$27,769,414$21,676,579$20,113,120$26,598,776
65$30,557,726$22,694,563$20,742,740$28,672,657
66$33,629,054$23,761,037$21,392,062$30,935,036
67$37,012,222$24,878,332$22,061,701$33,404,271
68$40,738,993$26,048,895$22,752,293$36,100,556
69$44,844,368$27,275,289$23,464,492$39,046,113
70$49,366,916$28,560,200$24,198,975$42,265,389
71$54,349,139$29,906,448$24,956,438$45,785,288
72$59,837,874$31,316,986$25,737,601$49,635,418
73$65,884,730$32,794,911$26,543,204$53,848,363
74$72,546,582$34,343,472$27,374,011$58,459,987
75$79,886,105$35,966,073$28,230,812$63,509,768
76$87,972,361$37,666,284$29,114,417$69,041,161
77$96,881,459$39,447,849$30,025,667$75,102,004
78$106,697,265$41,314,691$30,965,425$81,744,963
79$117,512,202$43,270,927$31,934,582$89,028,021
80$129,428,115$45,320,870$32,934,059$97,015,020
81$142,557,235$47,469,046$33,964,802$105,776,253
82$157,023,240$49,720,196$35,027,791$115,389,125
83$172,962,421$52,079,296$36,124,032$125,938,869
84$190,524,966$54,551,560$37,254,565$137,519,346
85$209,876,384$57,142,457$38,420,464$150,233,923
86$231,199,058$59,857,721$39,622,833$164,196,436
87$254,693,977$62,703,364$40,862,812$179,532,256
88$280,582,625$65,685,691$42,141,579$196,379,467
89$309,109,075$68,811,313$43,460,345$214,890,150
90$340,542,295$72,087,161$44,820,360$235,231,816
91$375,178,682$75,520,505$46,222,916$257,588,972
92$413,344,865$79,118,967$47,669,340$282,164,850
93$455,400,783$82,890,539$49,161,006$309,183,316
94$501,743,090$86,843,602$50,699,326$338,890,968
95$552,808,892$90,986,945$52,285,760$371,559,451
96$609,079,878$95,329,785$53,921,812$407,488,008
97$671,086,866$99,881,784$55,609,033$447,006,286
98$739,414,813$104,653,078$57,349,023$490,477,440
99$814,708,339$109,654,294$59,143,430$538,301,538
100$897,677,811$114,896,576$60,993,956$590,919,325