Can I retire at age 60 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,359,722
2 years$723,589$710,113$697,052$684,389$672,106$620,594
3 years$477,601$464,066$451,039$438,495$426,412$376,709
4 years$354,631$341,138$328,241$315,911$304,120$256,605
5 years$280,868$267,456$254,728$242,650$231,188$185,984
6 years$231,709$218,398$205,858$194,049$182,931$140,071
7 years$196,609$183,410$171,069$159,538$148,772$108,245
8 years$170,296$157,217$145,080$133,833$123,420$85,192
9 years$149,842$136,885$124,958$113,996$103,938$67,955
10 years$133,487$120,658$108,941$98,265$88,560$54,759
11 years$120,115$107,415$95,910$85,520$76,165$44,474
12 years$108,980$96,409$85,118$75,013$66,003$36,343
13 years$99,565$87,126$76,047$66,225$57,556$29,845
14 years$91,502$79,195$68,328$58,787$50,453$24,605
15 years$84,521$72,346$61,691$52,428$44,423$20,350
16 years$78,418$66,376$55,932$46,944$39,261$16,875
17 years$73,038$61,130$50,896$42,178$34,812$14,022
18 years$68,262$56,487$46,462$38,011$30,953$11,673
19 years$63,994$52,351$42,533$34,346$27,589$9,730
20 years$60,157$48,648$39,035$31,107$24,643$8,121
21 years$56,690$45,313$35,905$28,232$22,053$6,785
22 years$53,542$42,298$33,092$25,669$19,767$5,673
23 years$50,673$39,561$30,554$23,377$17,744$4,747
24 years$48,046$37,066$28,258$21,322$15,949$3,974
25 years$45,633$34,784$26,172$19,472$14,351$3,328
26 years$43,410$32,692$24,273$17,804$12,927$2,789
27 years$41,355$30,767$22,540$16,297$11,655$2,338
28 years$39,449$28,991$20,954$14,931$10,517$1,960
29 years$37,679$27,350$19,499$13,692$9,496$1,644
30 years$36,030$25,829$18,163$12,566$8,580$1,379
31 years$34,490$24,417$16,933$11,541$7,757$1,157
32 years$33,049$23,104$15,799$10,606$7,017$970
33 years$31,698$21,879$14,751$9,753$6,351$814
34 years$30,430$20,737$13,783$8,974$5,750$683
35 years$29,236$19,669$12,886$8,261$5,208$573
36 years$28,112$18,668$12,054$7,608$4,718$481
37 years$27,050$17,731$11,283$7,010$4,277$404
38 years$26,047$16,850$10,566$6,461$3,877$339
39 years$25,098$16,023$9,899$5,958$3,516$285
40 years$24,199$15,245$9,278$5,495$3,189$239
41 years$23,345$14,511$8,700$5,070$2,893$201
42 years$22,535$13,820$8,161$4,679$2,625$168
43 years$21,764$13,168$7,658$4,319$2,383$141
44 years$21,030$12,552$7,188$3,988$2,163$119
45 years$20,331$11,969$6,750$3,683$1,963$100
46 years$19,664$11,418$6,339$3,402$1,783$84
47 years$19,028$10,896$5,956$3,143$1,619$70
48 years$18,419$10,402$5,597$2,904$1,470$59
49 years$17,838$9,933$5,261$2,684$1,335$50
50 years$17,281$9,489$4,946$2,481$1,213$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,700,000, adding $4,698 every year, while hoping to spend $27,648 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: 27/45/28 Blend
59$17,700,000$17,700,000$17,700,000$17,700,000
60$19,510,246$18,572,146$18,297,796$19,866,791
61$21,470,874$19,452,764$18,881,355$21,036,742
62$23,630,559$20,375,605$19,483,536$22,289,276
63$26,009,576$21,342,710$20,104,935$23,633,528
64$28,630,267$22,356,217$20,746,165$25,077,331
65$31,517,252$23,418,369$21,407,859$26,629,254
66$34,697,660$24,531,518$22,090,670$28,298,669
67$38,201,388$25,698,128$22,795,274$30,095,828
68$42,061,379$26,920,787$23,522,366$32,031,958
69$46,313,939$28,202,204$24,272,664$34,119,346
70$50,999,071$29,545,223$25,046,909$36,371,454
71$56,160,863$30,952,825$25,845,866$38,803,027
72$61,847,893$32,428,136$26,670,326$41,430,223
73$68,113,698$33,974,434$27,521,101$44,270,754
74$75,017,270$35,595,156$28,399,032$47,344,040
75$82,623,619$37,293,907$29,304,988$50,671,376
76$91,004,386$39,074,465$30,239,862$54,276,120
77$100,238,515$40,940,796$31,204,579$58,183,901
78$110,413,003$42,897,055$32,200,093$62,422,842
79$121,623,719$44,947,601$33,227,386$67,023,809
80$133,976,309$47,097,004$34,287,474$72,020,688
81$147,587,193$49,350,057$35,381,404$77,450,684
82$162,584,664$51,711,787$36,510,258$83,354,655
83$179,110,099$54,187,464$37,675,152$89,777,479
84$197,319,295$56,782,616$38,877,235$96,768,452
85$217,383,939$59,503,039$40,117,698$104,381,738
86$239,493,225$62,354,813$41,397,766$112,676,856
87$263,855,647$65,344,312$42,718,704$121,719,215
88$290,700,960$68,478,220$44,081,817$131,580,711
89$320,282,354$71,763,549$45,488,455$142,340,378
90$352,878,843$75,207,651$46,940,006$154,085,106
91$388,797,895$78,818,236$48,437,906$166,910,434
92$428,378,341$82,603,391$49,983,637$180,921,424
93$471,993,569$86,571,594$51,578,726$196,233,619
94$520,055,050$90,731,739$53,224,750$212,974,103
95$573,016,223$95,093,153$54,923,338$231,282,665
96$631,376,777$99,665,616$56,676,168$251,313,086
97$695,687,363$104,459,386$58,484,975$273,234,551
98$766,554,798$109,485,220$60,351,546$297,233,208
99$844,647,793$114,754,402$62,277,728$323,513,886
100$930,703,263$120,278,762$64,265,426$352,301,982