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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,381,906
2 years$719,501$706,101$693,114$680,522$668,309$646,657
3 years$474,902$461,445$448,491$436,017$424,003$402,915
4 years$352,627$339,211$326,386$314,126$302,402$282,042
5 years$279,281$265,945$253,289$241,279$229,881$210,307
6 years$230,400$217,164$204,695$192,953$181,897$163,132
7 years$195,499$182,374$170,103$158,637$147,931$129,980
8 years$169,334$156,328$144,261$133,077$122,723$105,584
9 years$148,995$136,112$124,252$113,352$103,351$87,015
10 years$132,733$119,976$108,325$97,710$88,060$72,514
11 years$119,437$106,808$95,368$85,037$75,735$60,963
12 years$108,364$95,865$84,637$74,589$65,630$51,615
13 years$99,003$86,634$75,617$65,851$57,231$43,952
14 years$90,985$78,748$67,942$58,455$50,168$37,604
15 years$84,043$71,937$61,343$52,132$44,172$32,300
16 years$77,975$66,001$55,616$46,678$39,039$27,836
17 years$72,626$60,785$50,609$41,940$34,615$24,056
18 years$67,876$56,168$46,199$37,796$30,778$20,838
19 years$63,632$52,056$42,293$34,152$27,433$18,087
20 years$59,817$48,373$38,815$30,932$24,504$15,727
21 years$56,369$45,057$35,702$28,072$21,928$13,695
22 years$53,240$42,059$32,905$25,524$19,655$11,941
23 years$50,386$39,337$30,382$23,245$17,644$10,423
24 years$47,775$36,856$28,098$21,201$15,859$9,106
25 years$45,376$34,588$26,024$19,362$14,270$7,963
26 years$43,165$32,507$24,136$17,704$12,854$6,968
27 years$41,121$30,593$22,413$16,205$11,589$6,102
28 years$39,227$28,828$20,835$14,847$10,457$5,346
29 years$37,466$27,196$19,389$13,615$9,443$4,686
30 years$35,826$25,683$18,060$12,495$8,532$4,109
31 years$34,295$24,279$16,837$11,476$7,714$3,604
32 years$32,862$22,973$15,709$10,547$6,978$3,163
33 years$31,519$21,756$14,668$9,698$6,315$2,776
34 years$30,258$20,620$13,705$8,923$5,717$2,437
35 years$29,071$19,557$12,813$8,214$5,178$2,140
36 years$27,953$18,563$11,986$7,565$4,692$1,880
37 years$26,898$17,630$11,219$6,970$4,252$1,651
38 years$25,900$16,755$10,506$6,425$3,855$1,451
39 years$24,956$15,933$9,843$5,924$3,496$1,275
40 years$24,062$15,159$9,226$5,464$3,171$1,120
41 years$23,213$14,429$8,651$5,041$2,877$985
42 years$22,407$13,742$8,115$4,652$2,610$865
43 years$21,641$13,093$7,615$4,295$2,369$761
44 years$20,911$12,481$7,148$3,966$2,150$669
45 years$20,216$11,902$6,711$3,662$1,952$588
46 years$19,553$11,354$6,304$3,383$1,772$517
47 years$18,920$10,835$5,922$3,125$1,610$454
48 years$18,315$10,343$5,565$2,888$1,462$400
49 years$17,737$9,877$5,231$2,669$1,328$351
50 years$17,184$9,435$4,918$2,467$1,206$309

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 $3,619 every year, while hoping to spend $49,024 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: 52/34/14 Blend
59$17,600,000$17,600,000$17,600,000$17,600,000
60$19,398,933$18,466,133$18,193,333$20,334,611
61$21,325,463$19,318,812$18,750,648$21,827,503
62$23,446,856$20,211,630$19,324,991$23,444,802
63$25,782,936$21,146,501$19,916,879$25,202,667
64$28,355,548$22,125,432$20,526,847$27,114,408
65$31,188,764$23,150,528$21,155,446$29,194,651
66$34,309,107$24,223,993$21,803,243$31,459,462
67$37,745,807$25,348,139$22,470,822$33,926,501
68$41,531,070$26,525,389$23,158,786$36,615,176
69$45,700,390$27,758,284$23,867,756$39,546,819
70$50,292,874$29,049,484$24,598,370$42,744,885
71$55,351,619$30,401,781$25,351,287$46,235,160
72$60,924,116$31,818,099$26,127,187$50,045,999
73$67,062,696$33,301,507$26,926,768$54,208,587
74$73,825,028$34,855,217$27,750,752$58,757,219
75$81,274,658$36,482,601$28,599,880$63,729,621
76$89,481,615$38,187,189$29,474,917$69,167,292
77$98,523,064$39,972,686$30,376,651$75,115,886
78$108,484,043$41,842,974$31,305,895$81,625,635
79$119,458,257$43,802,122$32,263,485$88,751,810
80$131,548,970$45,854,397$33,250,282$96,555,229
81$144,869,974$48,004,271$34,267,176$105,102,826
82$159,546,665$50,256,434$35,315,080$114,468,262
83$175,717,228$52,615,802$36,394,937$124,732,612
84$193,533,936$55,087,528$37,507,719$135,985,115
85$213,164,596$57,677,015$38,654,426$148,324,001
86$234,794,125$60,389,928$39,836,089$161,857,406
87$258,626,297$63,232,207$41,053,770$176,704,373
88$284,885,671$66,210,076$42,308,563$192,995,962
89$313,819,706$69,330,066$43,601,596$210,876,467
90$345,701,096$72,599,020$44,934,030$230,504,765
91$380,830,349$76,024,113$46,307,061$252,055,791
92$419,538,620$79,612,869$47,721,923$275,722,170
93$462,190,837$83,373,178$49,179,885$301,716,020
94$509,189,147$87,313,309$50,682,256$330,270,927
95$560,976,713$91,441,933$52,230,384$361,644,128
96$618,041,894$95,768,144$53,825,658$396,118,917
97$680,922,858$100,301,475$55,469,509$434,007,293
98$750,212,663$105,051,920$57,163,411$475,652,880
99$826,564,851$110,029,961$58,908,882$521,434,143
100$910,699,623$115,246,586$60,707,487$571,767,932