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%14.4%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,393,590
2 years$727,677$714,125$700,990$688,256$675,903$649,995
3 years$480,299$466,688$453,587$440,972$428,821$403,619
4 years$356,634$343,065$330,095$317,696$305,839$281,537
5 years$282,455$268,967$256,167$244,021$232,494$209,162
6 years$233,018$219,632$207,021$195,145$183,964$161,629
7 years$197,720$184,447$172,036$160,440$149,612$128,279
8 years$171,259$158,105$145,900$134,589$124,118$103,781
9 years$150,688$137,659$125,664$114,640$104,525$85,174
10 years$134,242$121,339$109,556$98,821$89,061$70,677
11 years$120,794$108,021$96,452$86,004$76,595$59,158
12 years$109,596$96,954$85,598$75,437$66,376$49,861
13 years$100,128$87,618$76,477$66,599$57,881$42,263
14 years$92,019$79,643$68,715$59,119$50,738$35,989
15 years$84,998$72,755$62,040$52,724$44,674$30,765
16 years$78,861$66,751$56,248$47,209$39,483$26,383
17 years$73,451$61,475$51,184$42,417$35,008$22,687
18 years$68,648$56,806$46,724$38,226$31,128$19,553
19 years$64,355$52,647$42,774$34,540$27,745$16,884
20 years$60,497$48,922$39,256$31,283$24,782$14,604
21 years$57,010$45,569$36,108$28,391$22,177$12,650
22 years$53,845$42,537$33,279$25,814$19,879$10,971
23 years$50,959$39,784$30,727$23,510$17,844$9,524
24 years$48,317$37,275$28,417$21,442$16,039$8,276
25 years$45,891$34,981$26,320$19,582$14,433$7,197
26 years$43,655$32,876$24,411$17,905$13,000$6,263
27 years$41,588$30,941$22,667$16,389$11,721$5,453
28 years$39,672$29,155$21,072$15,016$10,576$4,750
29 years$37,892$27,505$19,610$13,770$9,550$4,140
30 years$36,233$25,975$18,266$12,637$8,629$3,610
31 years$34,684$24,555$17,028$11,606$7,801$3,148
32 years$33,235$23,234$15,888$10,666$7,057$2,746
33 years$31,877$22,003$14,835$9,809$6,386$2,397
34 years$30,602$20,854$13,861$9,025$5,782$2,092
35 years$29,401$19,780$12,959$8,308$5,237$1,826
36 years$28,271$18,774$12,122$7,651$4,745$1,594
37 years$27,203$17,831$11,346$7,050$4,301$1,392
38 years$26,195$16,946$10,625$6,498$3,899$1,216
39 years$25,240$16,114$9,955$5,991$3,536$1,062
40 years$24,335$15,331$9,331$5,526$3,207$928
41 years$23,477$14,593$8,749$5,099$2,909$811
42 years$22,662$13,898$8,207$4,705$2,640$708
43 years$21,887$13,242$7,701$4,344$2,396$619
44 years$21,149$12,623$7,229$4,011$2,175$541
45 years$20,446$12,037$6,788$3,704$1,974$472
46 years$19,775$11,483$6,375$3,421$1,793$413
47 years$19,135$10,958$5,989$3,161$1,628$361
48 years$18,524$10,461$5,628$2,921$1,478$315
49 years$17,939$9,990$5,290$2,699$1,343$276
50 years$17,379$9,542$4,974$2,495$1,220$241

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 $6,837 every year, while hoping to spend $42,197 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: 62/20/18 Blend
59$17,800,000$17,800,000$17,800,000$17,800,000
60$19,622,652$18,679,252$18,403,352$20,748,906
61$21,579,266$19,549,638$18,974,967$22,378,795
62$23,734,039$20,461,259$19,564,317$24,152,029
63$26,107,141$21,416,091$20,171,952$26,086,904
64$28,720,794$22,416,204$20,798,437$28,199,144
65$31,599,488$23,463,771$21,444,357$30,506,046
66$34,770,207$24,561,067$22,110,315$33,026,636
67$38,262,688$25,710,479$22,796,930$35,781,847
68$42,109,699$26,914,510$23,504,844$38,794,712
69$46,347,348$28,175,780$24,234,716$42,090,575
70$51,015,425$29,497,040$24,987,226$45,697,324
71$56,157,775$30,881,172$25,763,075$49,645,654
72$61,822,717$32,331,199$26,562,987$53,969,345
73$68,063,494$33,850,287$27,387,707$58,705,577
74$74,938,778$35,441,759$28,238,003$63,895,280
75$82,513,224$37,109,096$29,114,667$69,583,505
76$90,858,081$38,855,949$30,018,516$75,819,851
77$100,051,861$40,686,147$30,950,392$82,658,919
78$110,181,083$42,603,701$31,911,163$90,160,828
79$121,341,091$44,612,819$32,901,724$98,391,768
80$133,636,947$46,717,912$33,922,997$107,424,620
81$147,184,431$48,923,606$34,975,933$117,339,637
82$162,111,129$51,234,748$36,061,512$128,225,190
83$178,557,638$53,656,424$37,180,746$140,178,596
84$196,678,892$56,193,964$38,334,677$153,307,025
85$216,645,629$58,852,958$39,524,378$167,728,503
86$238,645,995$61,639,265$40,750,956$183,573,016
87$262,887,327$64,559,030$42,015,555$200,983,727
88$289,598,108$67,618,696$43,319,349$220,118,314
89$319,030,122$70,825,018$44,663,554$241,150,450
90$351,460,830$74,185,080$46,049,419$264,271,427
91$387,195,994$77,706,308$47,478,234$289,691,952
92$426,572,559$81,396,491$48,951,328$317,644,120
93$469,961,835$85,263,794$50,470,072$348,383,593
94$517,773,001$89,316,779$52,035,878$382,191,999
95$570,456,970$93,564,424$53,650,204$419,379,574
96$628,510,645$98,016,145$55,314,549$460,288,077
97$692,481,607$102,681,812$57,030,463$505,293,997
98$762,973,288$107,571,778$58,799,541$554,812,091
99$840,650,665$112,696,897$60,623,427$609,299,282
100$926,246,539$118,068,550$62,503,817$669,258,952