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%14.9%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,367,299
2 years$715,413$702,089$689,176$676,656$664,512$636,249
3 years$472,204$458,823$445,942$433,540$421,594$394,125
4 years$350,624$337,283$324,532$312,341$300,684$274,221
5 years$277,695$264,434$251,850$239,908$228,575$203,194
6 years$229,091$215,930$203,532$191,856$180,864$156,591
7 years$194,388$181,338$169,136$157,736$147,091$123,932
8 years$168,372$155,440$143,441$132,321$122,026$99,974
9 years$148,149$135,339$123,546$112,708$102,763$81,804
10 years$131,979$119,294$107,710$97,155$87,560$67,672
11 years$118,758$106,201$94,826$84,554$75,304$56,464
12 years$107,749$95,320$84,156$74,165$65,257$47,437
13 years$98,440$86,142$75,188$65,477$56,905$40,075
14 years$90,468$78,300$67,556$58,123$49,883$34,011
15 years$83,566$71,529$60,994$51,836$43,921$28,973
16 years$77,532$65,626$55,300$46,413$38,817$24,759
17 years$72,213$60,439$50,321$41,702$34,418$21,214
18 years$67,491$55,849$45,937$37,582$30,603$18,217
19 years$63,271$51,760$42,053$33,958$27,277$15,673
20 years$59,477$48,098$38,594$30,756$24,364$13,506
21 years$56,049$44,801$35,499$27,913$21,803$11,654
22 years$52,937$41,820$32,718$25,379$19,544$10,068
23 years$50,100$39,114$30,209$23,113$17,544$8,707
24 years$47,503$36,647$27,938$21,081$15,769$7,536
25 years$45,118$34,391$25,877$19,252$14,189$6,527
26 years$42,919$32,322$23,999$17,603$12,781$5,658
27 years$40,887$30,419$22,285$16,113$11,523$4,906
28 years$39,004$28,664$20,717$14,763$10,398$4,257
29 years$37,253$27,041$19,279$13,538$9,389$3,695
30 years$35,622$25,537$17,958$12,424$8,483$3,208
31 years$34,100$24,141$16,741$11,411$7,670$2,786
32 years$32,675$22,843$15,620$10,487$6,938$2,421
33 years$31,340$21,632$14,585$9,643$6,279$2,104
34 years$30,086$20,502$13,627$8,873$5,685$1,828
35 years$28,906$19,446$12,740$8,168$5,149$1,589
36 years$27,794$18,457$11,918$7,522$4,665$1,382
37 years$26,745$17,530$11,155$6,931$4,228$1,202
38 years$25,753$16,660$10,446$6,388$3,833$1,045
39 years$24,815$15,842$9,787$5,890$3,476$909
40 years$23,925$15,072$9,173$5,433$3,153$791
41 years$23,082$14,347$8,602$5,013$2,860$688
42 years$22,280$13,664$8,069$4,626$2,596$598
43 years$21,518$13,019$7,571$4,270$2,356$520
44 years$20,792$12,410$7,107$3,943$2,138$453
45 years$20,101$11,834$6,673$3,641$1,941$394
46 years$19,442$11,289$6,268$3,364$1,762$343
47 years$18,813$10,773$5,888$3,108$1,600$298
48 years$18,211$10,285$5,534$2,872$1,453$260
49 years$17,636$9,821$5,201$2,654$1,320$226
50 years$17,086$9,382$4,890$2,453$1,199$197

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 $5,343 every year, while hoping to spend $43,141 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: 54/38/8 Blend
59$17,500,000$17,500,000$17,500,000$17,500,000
60$19,290,511$18,363,011$18,091,761$20,294,667
61$21,212,242$19,216,897$18,651,934$21,828,868
62$23,328,543$20,111,178$19,229,426$23,492,572
63$25,659,215$21,047,786$19,824,773$25,302,197
64$28,226,078$22,028,750$20,438,525$27,271,580
65$31,053,173$23,056,195$21,071,251$29,415,923
66$34,166,996$24,132,347$21,723,537$31,751,928
67$37,596,739$25,259,542$22,395,986$34,297,950
68$41,374,576$26,440,229$23,089,220$37,074,159
69$45,535,955$27,676,972$23,803,881$40,102,729
70$50,119,941$28,972,463$24,540,630$43,408,032
71$55,169,583$30,329,521$25,300,149$47,016,866
72$60,732,316$31,751,104$26,083,140$50,958,697
73$66,860,415$33,240,310$26,890,327$55,265,927
74$73,611,481$34,800,390$27,722,458$59,974,191
75$81,048,993$36,434,749$28,580,301$65,122,686
76$89,242,899$38,146,960$29,464,649$70,754,525
77$98,270,281$39,940,767$30,376,321$76,917,140
78$108,216,080$41,820,096$31,316,159$83,662,712
79$119,173,902$43,789,062$32,285,032$91,048,655
80$131,246,895$45,851,981$33,283,835$99,138,146
81$144,548,726$48,013,376$34,313,491$108,000,706
82$159,204,655$50,277,991$35,374,953$117,712,845
83$175,352,716$52,650,799$36,469,200$128,358,766
84$193,145,019$55,137,014$37,597,244$140,031,149
85$212,749,186$57,742,102$38,760,126$152,832,010
86$234,349,934$60,471,796$39,958,921$166,873,642
87$258,150,819$63,332,106$41,194,737$182,279,667
88$284,376,155$66,329,332$42,468,714$199,186,174
89$313,273,136$69,470,082$43,782,028$217,742,995
90$345,114,163$72,761,283$45,135,893$238,115,092
91$380,199,420$76,210,199$46,531,558$260,484,099
92$418,859,707$79,824,445$47,970,312$285,050,010
93$461,459,562$83,612,007$49,453,482$312,033,047
94$508,400,702$87,581,260$50,982,438$341,675,716
95$560,125,813$91,740,982$52,558,590$374,245,067
96$617,122,736$96,100,380$54,183,392$410,035,195
97$679,929,064$100,669,107$55,858,345$449,369,983
98$749,137,221$105,457,286$57,584,992$492,606,133
99$825,400,056$110,475,531$59,364,927$540,136,506
100$909,437,000$115,734,970$61,199,791$592,393,795