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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,392,055
2 years$723,589$710,113$697,052$684,389$672,106$652,628
3 years$477,601$464,066$451,039$438,495$426,412$407,428
4 years$354,631$341,138$328,241$315,911$304,120$285,778
5 years$280,868$267,456$254,728$242,650$231,188$213,539
6 years$231,709$218,398$205,858$194,049$182,931$165,998
7 years$196,609$183,410$171,069$159,538$148,772$132,560
8 years$170,296$157,217$145,080$133,833$123,420$107,928
9 years$149,842$136,885$124,958$113,996$103,938$89,158
10 years$133,487$120,658$108,941$98,265$88,560$74,481
11 years$120,115$107,415$95,910$85,520$76,165$62,774
12 years$108,980$96,409$85,118$75,013$66,003$53,284
13 years$99,565$87,126$76,047$66,225$57,556$45,492
14 years$91,502$79,195$68,328$58,787$50,453$39,026
15 years$84,521$72,346$61,691$52,428$44,423$33,613
16 years$78,418$66,376$55,932$46,944$39,261$29,049
17 years$73,038$61,130$50,896$42,178$34,812$25,175
18 years$68,262$56,487$46,462$38,011$30,953$21,871
19 years$63,994$52,351$42,533$34,346$27,589$19,039
20 years$60,157$48,648$39,035$31,107$24,643$16,604
21 years$56,690$45,313$35,905$28,232$22,053$14,502
22 years$53,542$42,298$33,092$25,669$19,767$12,683
23 years$50,673$39,561$30,554$23,377$17,744$11,105
24 years$48,046$37,066$28,258$21,322$15,949$9,733
25 years$45,633$34,784$26,172$19,472$14,351$8,538
26 years$43,410$32,692$24,273$17,804$12,927$7,495
27 years$41,355$30,767$22,540$16,297$11,655$6,584
28 years$39,449$28,991$20,954$14,931$10,517$5,787
29 years$37,679$27,350$19,499$13,692$9,496$5,089
30 years$36,030$25,829$18,163$12,566$8,580$4,477
31 years$34,490$24,417$16,933$11,541$7,757$3,940
32 years$33,049$23,104$15,799$10,606$7,017$3,469
33 years$31,698$21,879$14,751$9,753$6,351$3,055
34 years$30,430$20,737$13,783$8,974$5,750$2,691
35 years$29,236$19,669$12,886$8,261$5,208$2,371
36 years$28,112$18,668$12,054$7,608$4,718$2,090
37 years$27,050$17,731$11,283$7,010$4,277$1,842
38 years$26,047$16,850$10,566$6,461$3,877$1,624
39 years$25,098$16,023$9,899$5,958$3,516$1,432
40 years$24,199$15,245$9,278$5,495$3,189$1,263
41 years$23,345$14,511$8,700$5,070$2,893$1,113
42 years$22,535$13,820$8,161$4,679$2,625$982
43 years$21,764$13,168$7,658$4,319$2,383$866
44 years$21,030$12,552$7,188$3,988$2,163$764
45 years$20,331$11,969$6,750$3,683$1,963$674
46 years$19,664$11,418$6,339$3,402$1,783$595
47 years$19,028$10,896$5,956$3,143$1,619$525
48 years$18,419$10,402$5,597$2,904$1,470$463
49 years$17,838$9,933$5,261$2,684$1,335$409
50 years$17,281$9,489$4,946$2,481$1,213$360

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 $2,697 every year, while hoping to spend $52,301 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: 84/10/6 Blend
59$17,700,000$17,700,000$17,700,000$17,700,000
60$19,508,182$18,570,082$18,295,732$21,140,596
61$21,442,369$19,424,368$18,852,991$23,060,614
62$23,572,089$20,318,761$19,427,166$25,161,643
63$25,917,234$21,255,172$20,018,767$27,467,578
64$28,499,718$22,235,601$20,628,321$29,998,950
65$31,343,691$23,262,148$21,256,372$32,778,368
66$34,475,765$24,337,011$21,903,479$35,830,730
67$37,925,264$25,462,495$22,570,216$39,183,460
68$41,724,500$26,641,017$23,257,178$42,866,758
69$45,909,081$27,875,108$23,964,975$46,913,888
70$50,518,242$29,167,424$24,694,236$51,361,490
71$55,595,221$30,520,745$25,445,611$56,249,918
72$61,187,660$31,937,989$26,219,766$61,623,623
73$67,348,064$33,422,212$27,017,390$67,531,569
74$74,134,285$34,976,619$27,839,191$74,027,691
75$81,610,077$36,604,568$28,685,899$81,171,402
76$89,845,694$38,309,581$29,558,266$89,028,149
77$98,918,552$40,095,349$30,457,066$97,670,033
78$108,913,963$41,965,740$31,383,096$107,176,479
79$119,925,937$43,924,810$32,337,179$117,634,986
80$132,058,068$45,976,811$33,320,160$129,141,951
81$145,424,516$48,126,200$34,332,911$141,803,569
82$160,151,083$50,377,650$35,376,329$155,736,838
83$176,376,397$52,736,059$36,451,340$171,070,657
84$194,253,226$55,206,562$37,558,896$187,947,036
85$213,949,913$57,794,542$38,699,978$206,522,435
86$235,651,973$60,505,643$39,875,596$226,969,234
87$259,563,837$63,345,782$41,086,791$249,477,357
88$285,910,785$66,321,162$42,334,635$274,256,060
89$314,941,072$69,438,286$43,620,232$301,535,897
90$346,928,271$72,703,971$44,944,719$331,570,896
91$382,173,855$76,125,366$46,309,268$364,640,947
92$421,010,044$79,709,965$47,715,084$401,054,441
93$463,802,939$83,465,625$49,163,410$441,151,173
94$510,955,981$87,400,583$50,655,527$485,305,542
95$562,913,756$91,523,475$52,192,751$533,930,080
96$620,166,191$95,843,358$53,776,441$587,479,341
97$683,253,185$100,369,725$55,407,994$646,454,179
98$752,769,699$105,112,530$57,088,850$711,406,471
99$829,371,374$110,082,210$58,820,493$782,944,320
100$913,780,724$115,289,709$60,604,450$861,737,784