Can I retire at age 60 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,369,036
2 years$727,677$714,125$700,990$688,256$675,903$625,702
3 years$480,299$466,688$453,587$440,972$428,821$380,357
4 years$356,634$343,065$330,095$317,696$305,839$259,483
5 years$282,455$268,967$256,167$244,021$232,494$188,367
6 years$233,018$219,632$207,021$195,145$183,964$142,100
7 years$197,720$184,447$172,036$160,440$149,612$110,002
8 years$171,259$158,105$145,900$134,589$124,118$86,729
9 years$150,688$137,659$125,664$114,640$104,525$69,308
10 years$134,242$121,339$109,556$98,821$89,061$55,956
11 years$120,794$108,021$96,452$86,004$76,595$45,534
12 years$109,596$96,954$85,598$75,437$66,376$37,285
13 years$100,128$87,618$76,477$66,599$57,881$30,681
14 years$92,019$79,643$68,715$59,119$50,738$25,348
15 years$84,998$72,755$62,040$52,724$44,674$21,009
16 years$78,861$66,751$56,248$47,209$39,483$17,459
17 years$73,451$61,475$51,184$42,417$35,008$14,540
18 years$68,648$56,806$46,724$38,226$31,128$12,130
19 years$64,355$52,647$42,774$34,540$27,745$10,135
20 years$60,497$48,922$39,256$31,283$24,782$8,479
21 years$57,010$45,569$36,108$28,391$22,177$7,100
22 years$53,845$42,537$33,279$25,814$19,879$5,950
23 years$50,959$39,784$30,727$23,510$17,844$4,990
24 years$48,317$37,275$28,417$21,442$16,039$4,188
25 years$45,891$34,981$26,320$19,582$14,433$3,516
26 years$43,655$32,876$24,411$17,905$13,000$2,953
27 years$41,588$30,941$22,667$16,389$11,721$2,481
28 years$39,672$29,155$21,072$15,016$10,576$2,086
29 years$37,892$27,505$19,610$13,770$9,550$1,753
30 years$36,233$25,975$18,266$12,637$8,629$1,474
31 years$34,684$24,555$17,028$11,606$7,801$1,240
32 years$33,235$23,234$15,888$10,666$7,057$1,043
33 years$31,877$22,003$14,835$9,809$6,386$877
34 years$30,602$20,854$13,861$9,025$5,782$738
35 years$29,401$19,780$12,959$8,308$5,237$621
36 years$28,271$18,774$12,122$7,651$4,745$522
37 years$27,203$17,831$11,346$7,050$4,301$440
38 years$26,195$16,946$10,625$6,498$3,899$370
39 years$25,240$16,114$9,955$5,991$3,536$311
40 years$24,335$15,331$9,331$5,526$3,207$262
41 years$23,477$14,593$8,749$5,099$2,909$221
42 years$22,662$13,898$8,207$4,705$2,640$186
43 years$21,887$13,242$7,701$4,344$2,396$156
44 years$21,149$12,623$7,229$4,011$2,175$131
45 years$20,446$12,037$6,788$3,704$1,974$111
46 years$19,775$11,483$6,375$3,421$1,793$93
47 years$19,135$10,958$5,989$3,161$1,628$78
48 years$18,524$10,461$5,628$2,921$1,478$66
49 years$17,939$9,990$5,290$2,699$1,343$56
50 years$17,379$9,542$4,974$2,495$1,220$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,800,000, adding $4,455 every year, while hoping to spend $36,579 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: 48/38/14 Blend
59$17,800,000$17,800,000$17,800,000$17,800,000
60$19,620,195$18,676,795$18,400,895$20,485,336
61$21,582,535$19,553,039$18,978,406$21,959,328
62$23,743,808$20,470,992$19,574,036$23,554,740
63$26,124,266$21,432,660$20,188,356$25,286,225
64$28,746,227$22,440,146$20,821,951$27,166,510
65$31,634,282$23,495,652$21,475,427$29,209,570
66$34,815,530$24,601,491$22,149,405$31,430,751
67$38,319,835$25,760,084$22,844,530$33,846,908
68$42,180,101$26,973,972$23,561,466$36,476,554
69$46,432,592$28,245,817$24,300,895$39,340,033
70$51,117,265$29,578,411$25,063,524$42,459,694
71$56,278,155$30,974,682$25,850,081$45,860,104
72$61,963,783$32,437,697$26,661,315$49,568,260
73$68,227,621$33,970,677$27,498,001$53,613,840
74$75,128,592$35,576,993$28,360,937$58,029,475
75$82,731,627$37,260,185$29,250,948$62,851,038
76$91,108,279$39,023,960$30,168,880$68,117,980
77$100,337,397$40,872,208$31,115,612$73,873,687
78$110,505,872$42,809,006$32,092,045$80,165,876
79$121,709,454$44,838,631$33,099,112$87,047,034
80$134,053,659$46,965,564$34,137,773$94,574,902
81$147,654,763$49,194,508$35,209,019$102,813,001
82$162,640,900$51,530,389$36,313,872$111,831,223
83$179,153,271$53,978,378$37,453,386$121,706,471
84$197,347,479$56,543,893$38,628,648$132,523,368
85$217,394,994$59,232,615$39,840,780$144,375,044
86$239,484,774$62,050,505$41,090,938$157,363,994
87$263,825,051$65,003,809$42,380,313$171,603,025
88$290,645,289$68,099,079$43,710,137$187,216,305
89$320,198,360$71,343,185$45,081,678$204,340,516
90$352,762,922$74,743,331$46,496,244$223,126,117
91$388,646,056$78,307,070$47,955,184$243,738,749
92$428,186,161$82,042,324$49,459,890$266,360,771
93$471,756,151$85,957,398$51,011,797$291,192,957
94$519,766,971$90,061,004$52,612,386$318,456,368
95$572,671,484$94,362,275$54,263,182$348,394,412
96$630,968,738$98,870,789$55,965,761$381,275,112
97$695,208,682$103,596,591$57,721,747$417,393,607
98$765,997,356$108,550,212$59,532,814$457,074,911
99$844,002,612$113,742,698$61,400,689$500,676,942
100$929,960,421$119,185,632$63,327,154$548,593,875