Can I retire at age 60 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,377,366
2 years$719,501$706,101$693,114$680,522$668,309$642,129
3 years$474,902$461,445$448,491$436,017$424,003$398,541
4 years$352,627$339,211$326,386$314,126$302,402$277,855
5 years$279,281$265,945$253,289$241,279$229,881$206,318
6 years$230,400$217,164$204,695$192,953$181,897$159,345
7 years$195,499$182,374$170,103$158,637$147,931$126,395
8 years$169,334$156,328$144,261$133,077$122,723$102,198
9 years$148,995$136,112$124,252$113,352$103,351$83,824
10 years$132,733$119,976$108,325$97,710$88,060$69,514
11 years$119,437$106,808$95,368$85,037$75,735$58,148
12 years$108,364$95,865$84,637$74,589$65,630$48,978
13 years$99,003$86,634$75,617$65,851$57,231$41,487
14 years$90,985$78,748$67,942$58,455$50,168$35,305
15 years$84,043$71,937$61,343$52,132$44,172$30,159
16 years$77,975$66,001$55,616$46,678$39,039$25,845
17 years$72,626$60,785$50,609$41,940$34,615$22,208
18 years$67,876$56,168$46,199$37,796$30,778$19,127
19 years$63,632$52,056$42,293$34,152$27,433$16,504
20 years$59,817$48,373$38,815$30,932$24,504$14,265
21 years$56,369$45,057$35,702$28,072$21,928$12,347
22 years$53,240$42,059$32,905$25,524$19,655$10,699
23 years$50,386$39,337$30,382$23,245$17,644$9,282
24 years$47,775$36,856$28,098$21,201$15,859$8,059
25 years$45,376$34,588$26,024$19,362$14,270$7,002
26 years$43,165$32,507$24,136$17,704$12,854$6,089
27 years$41,121$30,593$22,413$16,205$11,589$5,297
28 years$39,227$28,828$20,835$14,847$10,457$4,611
29 years$37,466$27,196$19,389$13,615$9,443$4,015
30 years$35,826$25,683$18,060$12,495$8,532$3,498
31 years$34,295$24,279$16,837$11,476$7,714$3,048
32 years$32,862$22,973$15,709$10,547$6,978$2,657
33 years$31,519$21,756$14,668$9,698$6,315$2,317
34 years$30,258$20,620$13,705$8,923$5,717$2,020
35 years$29,071$19,557$12,813$8,214$5,178$1,762
36 years$27,953$18,563$11,986$7,565$4,692$1,537
37 years$26,898$17,630$11,219$6,970$4,252$1,341
38 years$25,900$16,755$10,506$6,425$3,855$1,170
39 years$24,956$15,933$9,843$5,924$3,496$1,021
40 years$24,062$15,159$9,226$5,464$3,171$892
41 years$23,213$14,429$8,651$5,041$2,877$778
42 years$22,407$13,742$8,115$4,652$2,610$679
43 years$21,641$13,093$7,615$4,295$2,369$593
44 years$20,911$12,481$7,148$3,966$2,150$518
45 years$20,216$11,902$6,711$3,662$1,952$452
46 years$19,553$11,354$6,304$3,383$1,772$395
47 years$18,920$10,835$5,922$3,125$1,610$345
48 years$18,315$10,343$5,565$2,888$1,462$301
49 years$17,737$9,877$5,231$2,669$1,328$263
50 years$17,184$9,435$4,918$2,467$1,206$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,600,000, adding $2,444 every year, while hoping to spend $31,358 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: 51/27/22 Blend
59$17,600,000$17,600,000$17,600,000$17,600,000
60$19,397,721$18,464,921$18,192,121$20,267,886
61$21,342,924$19,336,337$18,768,192$21,741,528
62$23,485,486$20,249,402$19,362,511$23,339,505
63$25,845,506$21,206,123$19,975,656$25,076,345
64$28,445,130$22,208,605$20,608,222$26,965,226
65$31,308,762$23,259,056$21,260,826$29,020,630
66$34,463,294$24,359,788$21,934,102$31,258,470
67$37,938,362$25,513,229$22,628,706$33,696,237
68$41,766,620$26,721,923$23,345,313$36,353,160
69$45,984,055$27,988,537$24,084,621$39,250,377
70$50,630,321$29,315,868$24,847,349$42,411,131
71$55,749,118$30,706,849$25,634,238$45,860,981
72$61,388,598$32,164,555$26,446,056$49,628,034
73$67,601,827$33,692,210$27,283,590$53,743,209
74$74,447,280$35,293,195$28,147,658$58,240,511
75$81,989,397$36,971,056$29,039,098$63,157,353
76$90,299,187$38,729,509$29,958,780$68,534,894
77$99,454,902$40,572,453$30,907,597$74,418,420
78$109,542,775$42,503,976$31,886,474$80,857,764
79$120,657,829$44,528,362$32,896,362$87,907,761
80$132,904,782$46,650,106$33,938,245$95,628,762
81$146,399,030$48,873,921$35,013,136$104,087,186
82$161,267,737$51,204,749$36,122,082$113,356,140
83$177,651,036$53,647,772$37,266,162$123,516,094
84$195,703,352$56,208,424$38,446,489$134,655,633
85$215,594,860$58,892,402$39,664,212$146,872,270
86$237,513,089$61,705,683$40,920,517$160,273,366
87$261,664,696$64,654,533$42,216,625$174,977,116
88$288,277,412$67,745,523$43,553,800$191,113,661
89$317,602,197$70,985,543$44,933,341$208,826,290
90$349,915,606$74,381,819$46,356,593$228,272,786
91$385,522,399$77,941,930$47,824,940$249,626,892
92$424,758,420$81,673,820$49,339,812$273,079,934
93$467,993,767$85,585,825$50,902,683$298,842,610
94$515,636,283$89,686,683$52,515,075$327,146,958
95$568,135,412$93,985,558$54,178,558$358,248,527
96$625,986,434$98,492,061$55,894,750$392,428,766
97$689,735,150$103,216,271$57,665,323$429,997,658
98$759,983,024$108,168,757$59,492,001$471,296,625
99$837,392,870$113,360,604$61,376,561$516,701,727
100$922,695,106$118,803,436$63,320,838$566,627,181