Can I retire at age 60 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,419,566
2 years$731,765$718,137$704,928$692,122$679,701$671,825
3 years$482,997$469,310$456,135$443,449$431,230$423,527
4 years$358,638$344,993$331,950$319,480$307,557$300,087
5 years$284,042$270,478$257,607$245,392$233,800$226,584
6 years$234,327$220,866$208,184$196,242$184,998$178,046
7 years$198,831$185,483$173,002$161,341$150,453$143,768
8 years$172,221$158,993$146,720$135,345$124,815$118,398
9 years$151,535$138,432$126,370$115,284$105,112$98,962
10 years$134,996$122,021$110,172$99,376$89,561$83,674
11 years$121,473$108,628$96,994$86,487$77,025$71,397
12 years$110,211$97,499$86,079$75,860$66,749$61,375
13 years$100,690$88,110$76,906$66,973$58,206$53,082
14 years$92,536$80,090$69,101$59,452$51,023$46,142
15 years$85,476$73,164$62,388$53,020$44,925$40,281
16 years$79,304$67,126$56,564$47,474$39,705$35,292
17 years$73,864$61,821$51,471$42,655$35,205$31,016
18 years$69,033$57,125$46,987$38,441$31,303$27,330
19 years$64,717$52,943$43,014$34,734$27,901$24,138
20 years$60,836$49,197$39,476$31,459$24,921$21,361
21 years$57,330$45,825$36,310$28,551$22,302$18,936
22 years$54,147$42,776$33,466$25,959$19,990$16,812
23 years$51,245$40,008$30,900$23,642$17,945$14,946
24 years$48,589$37,485$28,577$21,562$16,129$13,303
25 years$46,149$35,177$26,468$19,692$14,514$11,853
26 years$43,900$33,061$24,548$18,005$13,073$10,570
27 years$41,822$31,114$22,795$16,481$11,787$9,434
28 years$39,895$29,319$21,191$15,100$10,635$8,426
29 years$38,105$27,659$19,720$13,847$9,603$7,530
30 years$36,437$26,121$18,368$12,708$8,677$6,733
31 years$34,879$24,693$17,124$11,671$7,845$6,024
32 years$33,422$23,365$15,977$10,726$7,096$5,392
33 years$32,056$22,127$14,918$9,864$6,422$4,828
34 years$30,773$20,971$13,938$9,075$5,815$4,325
35 years$29,567$19,891$13,031$8,354$5,267$3,875
36 years$28,429$18,879$12,191$7,694$4,772$3,473
37 years$27,356$17,931$11,410$7,089$4,325$3,114
38 years$26,342$17,041$10,685$6,534$3,921$2,792
39 years$25,382$16,204$10,011$6,025$3,556$2,504
40 years$24,472$15,417$9,383$5,557$3,225$2,246
41 years$23,609$14,675$8,798$5,127$2,926$2,015
42 years$22,789$13,976$8,253$4,732$2,655$1,808
43 years$22,010$13,317$7,745$4,368$2,409$1,623
44 years$21,268$12,694$7,270$4,033$2,187$1,457
45 years$20,561$12,104$6,826$3,725$1,985$1,308
46 years$19,886$11,547$6,411$3,441$1,803$1,174
47 years$19,243$11,020$6,023$3,179$1,637$1,054
48 years$18,628$10,520$5,660$2,937$1,487$946
49 years$18,039$10,046$5,320$2,714$1,350$850
50 years$17,477$9,596$5,002$2,509$1,226$763

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,900,000, adding $2,636 every year, while hoping to spend $55,498 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: 53/28/19 Blend
59$17,900,000$17,900,000$17,900,000$17,900,000
60$19,728,519$18,779,819$18,502,369$20,671,663
61$21,681,779$19,640,981$19,063,149$22,180,122
62$23,832,410$20,542,479$19,640,855$23,814,587
63$26,200,488$21,486,233$20,235,995$25,591,893
64$28,808,131$22,474,251$20,849,094$27,525,651
65$31,679,711$23,508,640$21,480,690$29,630,822
66$34,842,088$24,591,609$22,131,339$31,923,850
67$38,324,854$25,725,472$22,801,612$34,422,812
68$42,160,622$26,912,653$23,492,099$37,147,583
69$46,385,328$28,155,695$24,203,407$40,120,018
70$51,038,569$29,457,262$24,936,159$43,364,150
71$56,163,982$30,820,147$25,690,999$46,906,413
72$61,809,651$32,247,277$26,468,591$50,775,878
73$68,028,562$33,741,720$27,269,615$55,004,530
74$74,879,104$35,306,692$28,094,775$59,627,554
75$82,425,616$36,945,564$28,944,794$64,683,660
76$90,739,002$38,661,870$29,820,417$70,215,443
77$99,897,391$40,459,312$30,722,412$76,269,777
78$109,986,880$42,341,774$31,651,568$82,898,241
79$121,102,346$44,313,325$32,608,700$90,157,605
80$133,348,339$46,378,231$33,594,645$98,110,350
81$146,840,070$48,540,965$34,610,266$106,825,249
82$161,704,499$50,806,214$35,656,452$116,378,007
83$178,081,532$53,178,893$36,734,117$126,851,961
84$196,125,342$55,664,153$37,844,204$138,338,854
85$216,005,825$58,267,395$38,987,683$150,939,694
86$237,910,202$60,994,280$40,165,553$164,765,688
87$262,044,787$63,850,743$41,378,843$179,939,281
88$288,636,933$66,843,007$42,628,612$196,595,297
89$317,937,180$69,977,595$43,915,951$214,882,198
90$350,221,621$73,261,345$45,241,983$234,963,466
91$385,794,501$76,701,427$46,607,865$257,019,134
92$424,991,100$80,305,356$48,014,788$281,247,466
93$468,180,886$84,081,013$49,463,978$307,866,809
94$515,771,013$88,036,658$50,956,697$337,117,641
95$568,210,156$92,180,955$52,494,246$369,264,814
96$625,992,753$96,522,982$54,077,964$404,600,041
97$689,663,667$101,072,262$55,709,229$443,444,621
98$759,823,333$105,838,775$57,389,461$486,152,456
99$837,133,426$110,832,987$59,120,121$533,113,364
100$922,323,103$116,065,872$60,902,713$584,756,737