Can I retire at age 60 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,366,740
2 years$715,413$702,089$689,176$676,656$664,512$635,693
3 years$472,204$458,823$445,942$433,540$421,594$393,590
4 years$350,624$337,283$324,532$312,341$300,684$273,711
5 years$277,695$264,434$251,850$239,908$228,575$202,709
6 years$229,091$215,930$203,532$191,856$180,864$156,132
7 years$194,388$181,338$169,136$157,736$147,091$123,499
8 years$168,372$155,440$143,441$132,321$122,026$99,567
9 years$148,149$135,339$123,546$112,708$102,763$81,422
10 years$131,979$119,294$107,710$97,155$87,560$67,315
11 years$118,758$106,201$94,826$84,554$75,304$56,131
12 years$107,749$95,320$84,156$74,165$65,257$47,126
13 years$98,440$86,142$75,188$65,477$56,905$39,786
14 years$90,468$78,300$67,556$58,123$49,883$33,743
15 years$83,566$71,529$60,994$51,836$43,921$28,725
16 years$77,532$65,626$55,300$46,413$38,817$24,530
17 years$72,213$60,439$50,321$41,702$34,418$21,003
18 years$67,491$55,849$45,937$37,582$30,603$18,022
19 years$63,271$51,760$42,053$33,958$27,277$15,494
20 years$59,477$48,098$38,594$30,756$24,364$13,341
21 years$56,049$44,801$35,499$27,913$21,803$11,504
22 years$52,937$41,820$32,718$25,379$19,544$9,930
23 years$50,100$39,114$30,209$23,113$17,544$8,581
24 years$47,503$36,647$27,938$21,081$15,769$7,421
25 years$45,118$34,391$25,877$19,252$14,189$6,423
26 years$42,919$32,322$23,999$17,603$12,781$5,562
27 years$40,887$30,419$22,285$16,113$11,523$4,820
28 years$39,004$28,664$20,717$14,763$10,398$4,178
29 years$37,253$27,041$19,279$13,538$9,389$3,624
30 years$35,622$25,537$17,958$12,424$8,483$3,144
31 years$34,100$24,141$16,741$11,411$7,670$2,728
32 years$32,675$22,843$15,620$10,487$6,938$2,368
33 years$31,340$21,632$14,585$9,643$6,279$2,056
34 years$30,086$20,502$13,627$8,873$5,685$1,786
35 years$28,906$19,446$12,740$8,168$5,149$1,551
36 years$27,794$18,457$11,918$7,522$4,665$1,347
37 years$26,745$17,530$11,155$6,931$4,228$1,171
38 years$25,753$16,660$10,446$6,388$3,833$1,017
39 years$24,815$15,842$9,787$5,890$3,476$884
40 years$23,925$15,072$9,173$5,433$3,153$768
41 years$23,082$14,347$8,602$5,013$2,860$668
42 years$22,280$13,664$8,069$4,626$2,596$580
43 years$21,518$13,019$7,571$4,270$2,356$504
44 years$20,792$12,410$7,107$3,943$2,138$439
45 years$20,101$11,834$6,673$3,641$1,941$381
46 years$19,442$11,289$6,268$3,364$1,762$331
47 years$18,813$10,773$5,888$3,108$1,600$288
48 years$18,211$10,285$5,534$2,872$1,453$251
49 years$17,636$9,821$5,201$2,654$1,320$218
50 years$17,086$9,382$4,890$2,453$1,199$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,500,000, adding $4,714 every year, while hoping to spend $42,404 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: 61/9/30 Blend
59$17,500,000$17,500,000$17,500,000$17,500,000
60$19,289,862$18,362,362$18,091,112$20,309,399
61$21,212,311$19,217,001$18,652,047$21,860,144
62$23,329,428$20,112,095$19,230,352$23,547,230
63$25,661,025$21,049,583$19,826,564$25,388,052
64$28,228,933$22,031,496$20,441,237$27,397,649
65$31,057,207$23,059,962$21,074,942$29,592,569
66$34,172,357$24,137,215$21,728,267$31,991,025
67$37,603,592$25,265,593$22,401,819$34,613,062
68$41,383,101$26,447,550$23,096,223$37,480,744
69$45,546,355$27,685,658$23,812,123$40,618,356
70$50,132,439$28,982,611$24,550,185$44,052,635
71$55,184,424$30,341,236$25,311,094$47,813,012
72$60,749,775$31,764,495$26,095,554$51,931,892
73$66,880,792$33,255,495$26,904,295$56,444,953
74$73,635,111$34,817,493$27,738,067$61,391,479
75$81,076,243$36,453,901$28,597,643$66,814,725
76$89,274,177$38,168,299$29,483,822$72,762,324
77$98,306,037$39,964,440$30,397,424$79,286,731
78$108,256,812$41,846,257$31,339,297$86,445,710
79$119,220,159$43,817,875$32,310,315$94,302,880
80$131,299,283$45,883,620$33,311,379$102,928,306
81$144,607,916$48,048,023$34,343,417$112,399,157
82$159,271,387$50,315,840$35,407,385$122,800,426
83$175,427,807$52,692,053$36,504,270$134,225,730
84$193,229,369$55,181,890$37,635,088$146,778,188
85$212,843,790$57,790,828$38,800,889$160,571,383
86$234,455,890$60,524,613$40,002,753$175,730,433
87$258,269,339$63,389,266$41,241,793$192,393,162
88$284,508,576$66,391,105$42,519,158$210,711,397
89$313,420,933$69,536,751$43,836,031$230,852,390
90$345,278,962$72,833,146$45,193,633$253,000,391
91$380,383,017$76,287,571$46,593,220$277,358,382
92$419,064,083$79,907,660$48,036,091$304,149,978
93$461,686,899$83,701,415$49,523,580$333,621,538
94$508,653,409$87,677,231$51,057,066$366,044,473
95$560,406,548$91,843,906$52,637,969$401,717,806
96$617,434,428$96,210,669$54,267,753$440,970,981
97$680,274,943$100,787,196$55,947,926$484,166,962
98$749,520,850$105,583,632$57,680,045$531,705,654
99$825,825,363$110,610,615$59,465,712$584,027,660
100$909,908,317$115,879,303$61,306,581$641,618,436