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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,352,972
2 years$715,413$702,089$689,176$676,656$664,512$622,056
3 years$472,204$458,823$445,942$433,540$421,594$380,516
4 years$350,624$337,283$324,532$312,341$300,684$261,300
5 years$277,695$264,434$251,850$239,908$228,575$190,990
6 years$229,091$215,930$203,532$191,856$180,864$145,111
7 years$194,388$181,338$169,136$157,736$147,091$113,169
8 years$168,372$155,440$143,441$132,321$122,026$89,913
9 years$148,149$135,339$123,546$112,708$102,763$72,426
10 years$131,979$119,294$107,710$97,155$87,560$58,953
11 years$118,758$106,201$94,826$84,554$75,304$48,379
12 years$107,749$95,320$84,156$74,165$65,257$39,957
13 years$98,440$86,142$75,188$65,477$56,905$33,173
14 years$90,468$78,300$67,556$58,123$49,883$27,655
15 years$83,566$71,529$60,994$51,836$43,921$23,134
16 years$77,532$65,626$55,300$46,413$38,817$19,406
17 years$72,213$60,439$50,321$41,702$34,418$16,316
18 years$67,491$55,849$45,937$37,582$30,603$13,745
19 years$63,271$51,760$42,053$33,958$27,277$11,598
20 years$59,477$48,098$38,594$30,756$24,364$9,799
21 years$56,049$44,801$35,499$27,913$21,803$8,288
22 years$52,937$41,820$32,718$25,379$19,544$7,017
23 years$50,100$39,114$30,209$23,113$17,544$5,946
24 years$47,503$36,647$27,938$21,081$15,769$5,042
25 years$45,118$34,391$25,877$19,252$14,189$4,277
26 years$42,919$32,322$23,999$17,603$12,781$3,630
27 years$40,887$30,419$22,285$16,113$11,523$3,083
28 years$39,004$28,664$20,717$14,763$10,398$2,618
29 years$37,253$27,041$19,279$13,538$9,389$2,225
30 years$35,622$25,537$17,958$12,424$8,483$1,891
31 years$34,100$24,141$16,741$11,411$7,670$1,607
32 years$32,675$22,843$15,620$10,487$6,938$1,367
33 years$31,340$21,632$14,585$9,643$6,279$1,162
34 years$30,086$20,502$13,627$8,873$5,685$988
35 years$28,906$19,446$12,740$8,168$5,149$841
36 years$27,794$18,457$11,918$7,522$4,665$715
37 years$26,745$17,530$11,155$6,931$4,228$608
38 years$25,753$16,660$10,446$6,388$3,833$517
39 years$24,815$15,842$9,787$5,890$3,476$440
40 years$23,925$15,072$9,173$5,433$3,153$375
41 years$23,082$14,347$8,602$5,013$2,860$319
42 years$22,280$13,664$8,069$4,626$2,596$271
43 years$21,518$13,019$7,571$4,270$2,356$231
44 years$20,792$12,410$7,107$3,943$2,138$196
45 years$20,101$11,834$6,673$3,641$1,941$167
46 years$19,442$11,289$6,268$3,364$1,762$142
47 years$18,813$10,773$5,888$3,108$1,600$121
48 years$18,211$10,285$5,534$2,872$1,453$103
49 years$17,636$9,821$5,201$2,654$1,320$88
50 years$17,086$9,382$4,890$2,453$1,199$75

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 $6,986 every year, while hoping to spend $51,905 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: 64/16/20 Blend
59$17,500,000$17,500,000$17,500,000$17,500,000
60$19,292,206$18,364,706$18,093,456$20,428,082
61$21,204,785$19,209,350$18,644,360$22,037,605
62$23,310,706$20,093,642$19,211,980$23,788,755
63$25,629,638$21,019,470$19,796,821$25,700,672
64$28,183,249$21,988,813$20,399,403$27,789,079
65$30,995,420$23,003,744$21,020,262$30,071,277
66$34,092,463$24,066,437$21,659,951$32,566,302
67$37,503,372$25,179,170$22,319,037$35,295,105
68$41,260,099$26,344,333$22,998,108$38,280,741
69$45,397,851$27,564,427$23,697,766$41,548,587
70$49,955,423$28,842,075$24,418,633$45,126,574
71$54,975,569$30,180,029$25,161,350$49,045,447
72$60,505,397$31,581,171$25,926,575$53,339,053
73$66,596,820$33,048,521$26,714,988$58,044,653
74$73,307,045$34,585,248$27,527,289$63,203,269
75$80,699,109$36,194,670$28,364,199$68,860,066
76$88,842,479$37,880,269$29,226,460$75,064,776
77$97,813,701$39,645,693$30,114,836$81,872,157
78$107,697,131$41,494,764$31,030,116$89,342,508
79$118,585,724$43,431,493$31,973,110$97,542,227
80$130,581,913$45,460,081$32,944,654$106,544,438
81$143,798,577$47,584,934$33,945,609$116,429,670
82$158,360,106$49,810,670$34,976,861$127,286,611
83$174,403,574$52,142,130$36,039,324$139,212,938
84$192,080,035$54,584,390$37,133,937$152,316,232
85$211,555,944$57,142,771$38,261,669$166,714,985
86$233,014,734$59,822,851$39,423,519$182,539,712
87$256,658,543$62,630,477$40,620,513$199,934,170
88$282,710,125$65,571,780$41,853,710$219,056,710
89$311,414,948$68,653,188$43,124,200$240,081,763
90$343,043,518$71,881,439$44,433,106$263,201,472
91$377,893,926$75,263,599$45,781,584$288,627,501
92$416,294,664$78,807,073$47,170,825$316,593,019
93$458,607,728$82,519,627$48,602,056$347,354,890
94$505,232,030$86,409,404$50,076,539$381,196,089
95$556,607,171$90,484,938$51,595,577$418,428,357
96$613,217,583$94,755,180$53,160,509$459,395,135
97$675,597,105$99,229,513$54,772,715$504,474,791
98$744,334,026$103,917,775$56,433,617$554,084,177
99$820,076,632$108,830,282$58,144,679$608,682,552
100$903,539,331$113,977,848$59,907,408$668,775,899