Can I retire at age 60 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,337,739
2 years$711,325$698,077$685,238$672,789$660,714$611,119
3 years$469,506$456,201$443,394$431,063$419,184$371,313
4 years$348,620$335,356$322,677$310,556$298,966$253,185
5 years$276,108$262,923$250,411$238,537$227,269$183,699
6 years$227,782$214,697$202,369$190,760$179,830$138,503
7 years$193,277$180,302$168,170$156,834$146,250$107,156
8 years$167,410$154,552$142,621$131,564$121,329$84,434
9 years$147,302$134,565$122,840$112,064$102,176$67,433
10 years$131,225$118,613$107,094$96,600$87,059$54,408
11 years$118,079$105,594$94,284$84,071$74,874$44,246
12 years$107,133$94,775$83,675$73,741$64,884$36,205
13 years$97,878$85,649$74,758$65,103$56,580$29,773
14 years$89,951$77,853$67,170$57,791$49,598$24,580
15 years$83,088$71,120$60,646$51,539$43,670$20,358
16 years$77,089$65,251$54,984$46,148$38,596$16,906
17 years$71,800$60,094$50,034$41,463$34,221$14,069
18 years$67,105$55,529$45,674$37,367$30,428$11,729
19 years$62,909$51,464$41,813$33,764$27,121$9,792
20 years$59,137$47,823$38,373$30,580$24,225$8,185
21 years$55,729$44,545$35,296$27,753$21,679$6,849
22 years$52,635$41,581$32,531$25,234$19,432$5,736
23 years$49,814$38,890$30,036$22,981$17,443$4,807
24 years$47,232$36,438$27,779$20,960$15,678$4,030
25 years$44,860$34,195$25,729$19,142$14,108$3,381
26 years$42,674$32,138$23,862$17,502$12,708$2,838
27 years$40,654$30,245$22,158$16,020$11,457$2,382
28 years$38,781$28,500$20,599$14,678$10,338$2,001
29 years$37,040$26,886$19,169$13,460$9,335$1,680
30 years$35,419$25,391$17,855$12,353$8,435$1,412
31 years$33,905$24,003$16,646$11,345$7,626$1,186
32 years$32,489$22,712$15,531$10,427$6,898$997
33 years$31,161$21,509$14,501$9,588$6,243$838
34 years$29,914$20,385$13,549$8,822$5,652$704
35 years$28,741$19,335$12,667$8,121$5,119$592
36 years$27,635$18,352$11,850$7,479$4,639$498
37 years$26,592$17,430$11,091$6,891$4,204$419
38 years$25,606$16,565$10,387$6,352$3,811$352
39 years$24,673$15,751$9,731$5,857$3,456$296
40 years$23,789$14,986$9,121$5,402$3,135$249
41 years$22,950$14,266$8,553$4,984$2,844$209
42 years$22,153$13,586$8,023$4,600$2,581$176
43 years$21,395$12,945$7,528$4,246$2,342$148
44 years$20,674$12,339$7,066$3,920$2,126$124
45 years$19,986$11,766$6,635$3,621$1,930$105
46 years$19,331$11,225$6,232$3,344$1,752$88
47 years$18,705$10,712$5,855$3,090$1,591$74
48 years$18,107$10,226$5,502$2,855$1,445$62
49 years$17,536$9,765$5,171$2,639$1,312$52
50 years$16,988$9,328$4,862$2,439$1,192$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,400,000, adding $3,891 every year, while hoping to spend $44,822 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: 60/31/9 Blend
59$17,400,000$17,400,000$17,400,000$17,400,000
60$19,178,814$18,256,614$17,986,914$20,290,634
61$21,087,362$19,103,497$18,541,785$21,883,681
62$23,189,081$19,990,376$19,113,742$23,615,061
63$25,503,625$20,919,163$19,703,310$25,502,432
64$28,052,654$21,891,861$20,311,031$27,560,816
65$30,860,036$22,910,573$20,937,461$29,806,730
66$33,952,070$23,977,501$21,583,176$32,258,333
67$37,357,737$25,094,955$22,248,769$34,935,594
68$41,108,972$26,265,354$22,934,849$37,860,473
69$45,240,967$27,491,237$23,642,046$41,057,121
70$49,792,501$28,775,262$24,371,010$44,552,104
71$54,806,305$30,120,218$25,122,407$48,374,647
72$60,329,468$31,529,029$25,896,928$52,556,898
73$66,413,881$33,004,759$26,695,283$57,134,232
74$73,116,724$34,550,620$27,518,202$62,145,567
75$80,501,010$36,169,980$28,366,441$67,633,734
76$88,636,173$37,866,369$29,240,778$73,645,863
77$97,598,731$39,643,490$30,142,012$80,233,827
78$107,473,003$41,505,222$31,070,970$87,454,715
79$118,351,905$43,455,633$32,028,504$95,371,366
80$130,337,829$45,498,989$33,015,489$104,052,951
81$143,543,610$47,639,762$34,032,830$113,575,614
82$158,093,587$49,882,640$35,081,459$124,023,181
83$174,124,781$52,232,537$36,162,335$135,487,935
84$191,788,184$54,694,606$37,276,449$148,071,483
85$211,250,189$57,274,252$38,424,820$161,885,695
86$232,694,156$59,977,138$39,608,499$177,053,748
87$256,322,145$62,809,203$40,828,569$193,711,278
88$282,356,825$65,776,675$42,086,147$212,007,641
89$311,043,571$68,886,082$43,382,383$232,107,311
90$342,652,786$72,144,271$44,718,464$254,191,414
91$377,482,448$75,558,418$46,095,610$278,459,421
92$415,860,926$79,136,049$47,515,081$305,131,015
93$458,150,080$82,885,055$48,978,176$334,448,145
94$504,748,675$86,813,709$50,486,232$366,677,289
95$556,096,146$90,930,687$52,040,627$402,111,951
96$612,676,747$95,245,085$53,642,782$441,075,410
97$675,024,121$99,766,440$55,294,161$483,923,750
98$743,726,339$104,504,754$56,996,274$531,049,195
99$819,431,451$109,470,512$58,750,674$582,883,791
100$902,853,603$114,674,711$60,558,965$639,903,457