Can I retire at age 60 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,338,585
2 years$707,237$694,065$681,300$668,923$656,917$616,008
3 years$466,808$453,579$440,846$428,585$416,775$377,180
4 years$346,617$333,429$320,823$308,772$297,248$259,270
5 years$274,521$261,412$248,972$237,166$225,963$189,707
6 years$226,473$213,463$201,206$189,664$178,797$144,294
7 years$192,166$179,266$167,203$155,933$145,410$112,660
8 years$166,448$153,664$141,802$130,808$120,631$89,614
9 years$146,455$133,792$122,134$111,420$101,589$72,273
10 years$130,471$117,931$106,479$96,045$86,559$58,902
11 years$117,401$104,987$93,742$83,588$74,444$48,399
12 years$106,517$94,231$83,194$73,318$64,511$40,027
13 years$97,315$85,157$74,328$64,729$56,255$33,276
14 years$89,434$77,405$66,784$57,459$49,313$27,779
15 years$82,611$70,711$60,297$51,243$43,419$23,271
16 years$76,646$64,876$54,668$45,883$38,374$19,549
17 years$71,388$59,749$49,746$41,225$34,025$16,461
18 years$66,719$55,210$45,412$37,152$30,253$13,887
19 years$62,547$51,168$41,572$33,570$26,965$11,735
20 years$58,797$47,548$38,153$30,404$24,086$9,930
21 years$55,409$44,289$35,093$27,594$21,554$8,413
22 years$52,332$41,342$32,344$25,089$19,320$7,134
23 years$49,527$38,667$29,864$22,849$17,343$6,054
24 years$46,960$36,228$27,619$20,840$15,588$5,141
25 years$44,602$33,998$25,581$19,032$14,027$4,369
26 years$42,429$31,953$23,725$17,402$12,635$3,714
27 years$40,420$30,071$22,031$15,928$11,392$3,159
28 years$38,558$28,336$20,480$14,594$10,279$2,688
29 years$36,827$26,732$19,059$13,383$9,282$2,287
30 years$35,215$25,246$17,752$12,282$8,386$1,947
31 years$33,710$23,865$16,550$11,280$7,582$1,658
32 years$32,302$22,581$15,442$10,367$6,859$1,412
33 years$30,982$21,385$14,418$9,533$6,207$1,203
34 years$29,742$20,268$13,471$8,771$5,620$1,024
35 years$28,576$19,224$12,595$8,074$5,090$873
36 years$27,476$18,246$11,782$7,436$4,612$744
37 years$26,439$17,330$11,028$6,852$4,180$634
38 years$25,459$16,470$10,327$6,315$3,789$540
39 years$24,531$15,661$9,675$5,823$3,436$460
40 years$23,652$14,900$9,069$5,371$3,117$392
41 years$22,818$14,184$8,503$4,955$2,828$334
42 years$22,025$13,508$7,977$4,573$2,566$285
43 years$21,272$12,870$7,485$4,222$2,329$243
44 years$20,555$12,268$7,026$3,898$2,114$207
45 years$19,872$11,699$6,597$3,600$1,919$176
46 years$19,220$11,160$6,196$3,325$1,742$150
47 years$18,598$10,650$5,821$3,072$1,582$128
48 years$18,003$10,167$5,470$2,839$1,437$109
49 years$17,435$9,709$5,142$2,624$1,305$93
50 years$16,891$9,274$4,834$2,425$1,185$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,300,000, adding $5,160 every year, while hoping to spend $45,682 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: 88/5/7 Blend
59$17,300,000$17,300,000$17,300,000$17,300,000
60$19,069,923$18,153,023$17,884,873$20,738,752
61$20,966,449$18,993,915$18,435,410$22,666,960
62$23,054,891$19,874,481$19,002,860$24,779,630
63$25,354,774$20,796,615$19,587,741$27,100,793
64$27,887,616$21,762,304$20,190,585$29,651,460
65$30,677,128$22,773,632$20,811,945$32,454,772
66$33,749,437$23,832,782$21,452,386$35,536,223
67$37,133,333$24,942,042$22,112,495$38,923,896
68$40,860,543$26,103,811$22,792,873$42,648,725
69$44,966,025$27,320,605$23,494,142$46,744,792
70$49,488,305$28,595,060$24,216,941$51,249,640
71$54,469,833$29,929,939$24,961,929$56,204,628
72$59,957,389$31,328,139$25,729,787$61,655,324
73$66,002,523$32,792,698$26,521,215$67,651,929
74$72,662,038$34,326,798$27,336,934$74,249,747
75$79,998,533$35,933,778$28,177,688$81,509,713
76$88,080,987$37,617,137$29,044,244$89,498,960
77$96,985,413$39,380,542$29,937,391$98,291,452
78$106,795,575$41,227,839$30,857,944$107,968,682
79$117,603,781$43,163,060$31,806,742$118,620,435
80$129,511,747$45,190,430$32,784,649$130,345,640
81$142,631,566$47,314,382$33,792,555$143,253,295
82$157,086,760$49,539,561$34,831,380$157,463,497
83$173,013,447$51,870,837$35,902,068$173,108,573
84$190,561,626$54,313,316$37,005,596$190,334,325
85$209,896,596$56,872,352$38,142,967$209,301,405
86$231,200,509$59,553,558$39,315,217$230,186,829
87$254,674,097$62,362,818$40,523,413$253,185,642
88$280,538,562$65,306,303$41,768,654$278,512,763
89$309,037,665$68,390,482$43,052,074$306,405,002
90$340,440,028$71,622,137$44,374,839$337,123,298
91$375,041,669$75,008,379$45,738,154$370,955,178
92$413,168,794$78,556,665$47,143,258$408,217,466
93$455,180,882$82,274,812$48,591,428$449,259,272
94$501,474,072$86,171,018$50,083,981$494,465,281
95$552,484,907$90,253,878$51,622,274$544,259,385
96$608,694,453$94,532,403$53,207,705$599,108,676
97$670,632,838$99,016,042$54,841,714$659,527,853
98$738,884,263$103,714,703$56,525,787$726,084,076
99$814,092,510$108,638,776$58,261,453$799,402,316
100$896,967,022$113,799,152$60,050,288$880,171,249