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%13.4%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,352,172
2 years$703,148$690,053$677,361$665,056$653,120$633,633
3 years$464,109$450,957$438,298$426,108$414,366$395,377
4 years$344,613$331,501$318,968$306,987$295,529$277,185
5 years$272,934$259,901$247,533$235,795$224,657$207,010
6 years$225,164$212,229$200,043$188,567$177,763$160,835
7 years$191,055$178,229$166,237$155,032$144,569$128,366
8 years$165,486$152,776$140,982$130,052$119,934$104,453
9 years$145,609$133,019$121,428$110,776$101,002$86,236
10 years$129,717$117,249$105,863$95,490$86,059$71,997
11 years$116,722$104,380$93,200$83,105$74,013$60,642
12 years$105,901$93,686$82,713$72,894$64,138$51,442
13 years$96,753$84,665$73,899$64,354$55,930$43,890
14 years$88,917$76,958$66,398$57,127$49,028$37,627
15 years$82,133$70,302$59,949$50,947$43,168$32,386
16 years$76,202$64,501$54,352$45,617$38,152$27,968
17 years$70,975$59,403$49,458$40,987$33,828$24,222
18 years$66,334$54,891$45,149$36,937$30,078$21,027
19 years$62,186$50,873$41,332$33,376$26,810$18,292
20 years$58,457$47,273$37,932$30,229$23,947$15,940
21 years$55,088$44,033$34,890$27,434$21,430$13,912
22 years$52,030$41,103$32,157$24,944$19,209$12,158
23 years$49,241$38,443$29,691$22,717$17,243$10,637
24 years$46,689$36,019$27,459$20,719$15,498$9,315
25 years$44,344$33,802$25,433$18,922$13,946$8,165
26 years$42,184$31,768$23,588$17,301$12,562$7,162
27 years$40,186$29,898$21,903$15,836$11,326$6,286
28 years$38,335$28,172$20,362$14,509$10,219$5,521
29 years$36,615$26,577$18,949$13,305$9,228$4,851
30 years$35,012$25,100$17,650$12,211$8,338$4,264
31 years$33,515$23,727$16,454$11,215$7,538$3,750
32 years$32,115$22,451$15,352$10,307$6,819$3,299
33 years$30,803$21,261$14,334$9,478$6,171$2,903
34 years$29,570$20,151$13,393$8,721$5,587$2,555
35 years$28,410$19,113$12,522$8,028$5,061$2,249
36 years$27,318$18,141$11,714$7,393$4,585$1,981
37 years$26,286$17,230$10,964$6,812$4,156$1,744
38 years$25,312$16,374$10,267$6,279$3,768$1,536
39 years$24,389$15,570$9,619$5,789$3,417$1,354
40 years$23,515$14,814$9,016$5,340$3,099$1,193
41 years$22,686$14,102$8,454$4,927$2,811$1,051
42 years$21,898$13,430$7,930$4,547$2,551$926
43 years$21,149$12,796$7,442$4,197$2,315$816
44 years$20,436$12,197$6,985$3,875$2,102$719
45 years$19,757$11,631$6,559$3,579$1,908$634
46 years$19,109$11,096$6,160$3,306$1,732$559
47 years$18,490$10,589$5,788$3,054$1,573$493
48 years$17,899$10,108$5,439$2,822$1,428$434
49 years$17,334$9,653$5,112$2,608$1,297$383
50 years$16,793$9,221$4,806$2,411$1,178$338

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 $4,816 every year, while hoping to spend $58,926 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: 43/48/9 Blend
59$17,200,000$17,200,000$17,200,000$17,200,000
60$18,959,368$18,047,768$17,781,168$19,725,064
61$20,830,526$18,869,412$18,314,140$21,079,783
62$22,890,568$19,729,341$18,862,992$22,540,136
63$25,158,697$20,629,370$19,428,193$24,120,810
64$27,656,074$21,571,399$20,010,227$25,832,833
65$30,406,016$22,557,419$20,609,592$27,688,304
66$33,434,216$23,589,519$21,226,800$29,700,497
67$36,768,986$24,669,886$21,862,378$31,883,978
68$40,441,524$25,800,812$22,516,869$34,254,736
69$44,486,207$26,984,699$23,190,832$36,830,321
70$48,940,917$28,224,066$23,884,841$39,630,008
71$53,847,396$29,521,550$24,599,489$42,674,958
72$59,251,643$30,879,919$25,335,384$45,988,419
73$65,204,345$32,302,070$26,093,154$49,595,927
74$71,761,358$33,791,040$26,873,444$53,525,540
75$78,984,229$35,350,015$27,676,918$57,808,088
76$86,940,786$36,982,330$28,504,259$62,477,455
77$95,705,766$38,691,484$29,356,172$67,570,884
78$105,361,530$40,481,143$30,233,380$73,129,315
79$115,998,836$42,355,149$31,136,628$79,197,760
80$127,717,696$44,317,530$32,066,684$85,825,709
81$140,628,319$46,372,507$33,024,336$93,067,586
82$154,852,154$48,524,506$34,010,397$100,983,243
83$170,523,032$50,778,165$35,025,704$109,638,513
84$187,788,431$53,138,346$36,071,115$119,105,808
85$206,810,872$55,610,145$37,147,518$129,464,787
86$227,769,444$58,198,905$38,255,823$140,803,090
87$250,861,502$60,910,226$39,396,968$153,217,143
88$276,304,526$63,749,979$40,571,917$166,813,046
89$304,338,176$66,724,316$41,781,665$181,707,555
90$335,226,552$69,839,690$43,027,233$198,029,162
91$369,260,688$73,102,862$44,309,673$215,919,278
92$406,761,298$76,520,922$45,630,067$235,533,547
93$448,081,805$80,101,301$46,989,528$257,043,289
94$493,611,675$83,851,791$48,389,204$280,637,086
95$543,780,096$87,780,559$49,830,272$306,522,535
96$599,060,027$91,896,168$51,313,948$334,928,178
97$659,972,664$96,207,594$52,841,478$366,105,624
98$727,092,357$100,724,248$54,414,150$400,331,894
99$801,052,038$105,455,996$56,033,284$437,912,000
100$882,549,188$110,413,182$57,700,241$479,181,786