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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,420,162
2 years$731,765$718,137$704,928$692,122$679,701$672,425
3 years$482,997$469,310$456,135$443,449$431,230$424,113
4 years$358,638$344,993$331,950$319,480$307,557$300,654
5 years$284,042$270,478$257,607$245,392$233,800$227,131
6 years$234,327$220,866$208,184$196,242$184,998$178,571
7 years$198,831$185,483$173,002$161,341$150,453$144,272
8 years$172,221$158,993$146,720$135,345$124,815$118,881
9 years$151,535$138,432$126,370$115,284$105,112$99,423
10 years$134,996$122,021$110,172$99,376$89,561$84,113
11 years$121,473$108,628$96,994$86,487$77,025$71,816
12 years$110,211$97,499$86,079$75,860$66,749$61,774
13 years$100,690$88,110$76,906$66,973$58,206$53,461
14 years$92,536$80,090$69,101$59,452$51,023$46,502
15 years$85,476$73,164$62,388$53,020$44,925$40,622
16 years$79,304$67,126$56,564$47,474$39,705$35,615
17 years$73,864$61,821$51,471$42,655$35,205$31,321
18 years$69,033$57,125$46,987$38,441$31,303$27,619
19 years$64,717$52,943$43,014$34,734$27,901$24,410
20 years$60,836$49,197$39,476$31,459$24,921$21,617
21 years$57,330$45,825$36,310$28,551$22,302$19,178
22 years$54,147$42,776$33,466$25,959$19,990$17,039
23 years$51,245$40,008$30,900$23,642$17,945$15,159
24 years$48,589$37,485$28,577$21,562$16,129$13,503
25 years$46,149$35,177$26,468$19,692$14,514$12,040
26 years$43,900$33,061$24,548$18,005$13,073$10,745
27 years$41,822$31,114$22,795$16,481$11,787$9,598
28 years$39,895$29,319$21,191$15,100$10,635$8,579
29 years$38,105$27,659$19,720$13,847$9,603$7,673
30 years$36,437$26,121$18,368$12,708$8,677$6,867
31 years$34,879$24,693$17,124$11,671$7,845$6,149
32 years$33,422$23,365$15,977$10,726$7,096$5,508
33 years$32,056$22,127$14,918$9,864$6,422$4,936
34 years$30,773$20,971$13,938$9,075$5,815$4,425
35 years$29,567$19,891$13,031$8,354$5,267$3,968
36 years$28,429$18,879$12,191$7,694$4,772$3,560
37 years$27,356$17,931$11,410$7,089$4,325$3,194
38 years$26,342$17,041$10,685$6,534$3,921$2,866
39 years$25,382$16,204$10,011$6,025$3,556$2,573
40 years$24,472$15,417$9,383$5,557$3,225$2,310
41 years$23,609$14,675$8,798$5,127$2,926$2,074
42 years$22,789$13,976$8,253$4,732$2,655$1,863
43 years$22,010$13,317$7,745$4,368$2,409$1,673
44 years$21,268$12,694$7,270$4,033$2,187$1,503
45 years$20,561$12,104$6,826$3,725$1,985$1,351
46 years$19,886$11,547$6,411$3,441$1,803$1,213
47 years$19,243$11,020$6,023$3,179$1,637$1,090
48 years$18,628$10,520$5,660$2,937$1,487$980
49 years$18,039$10,046$5,320$2,714$1,350$881
50 years$17,477$9,596$5,002$2,509$1,226$792

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 $3,056 every year, while hoping to spend $26,730 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: 67/6/27 Blend
59$17,900,000$17,900,000$17,900,000$17,900,000
60$19,728,952$18,780,252$18,502,802$20,911,565
61$21,712,865$19,672,044$19,094,206$22,600,062
62$23,898,241$20,606,638$19,704,525$24,442,814
63$26,305,601$21,586,103$20,334,366$26,457,740
64$28,957,558$22,612,608$20,984,354$28,661,847
65$31,879,032$23,688,429$21,655,133$31,073,857
66$35,097,483$24,815,951$22,347,369$33,714,380
67$38,643,169$25,997,675$23,061,748$36,606,108
68$42,549,435$27,236,225$23,798,980$39,774,023
69$46,853,028$28,534,350$24,559,797$43,245,633
70$51,594,440$29,894,936$25,344,952$47,051,228
71$56,818,290$31,321,006$26,155,226$51,224,161
72$62,573,752$32,815,731$26,991,423$55,801,161
73$68,915,011$34,382,439$27,854,372$60,822,678
74$75,901,779$36,024,615$28,744,930$66,333,257
75$83,599,856$37,745,916$29,663,980$72,381,958
76$92,081,754$39,550,179$30,612,437$79,022,816
77$101,427,380$41,441,424$31,591,239$86,315,344
78$111,724,787$43,423,869$32,601,361$94,325,095
79$123,071,012$45,501,935$33,643,803$103,124,270
80$135,572,987$47,680,261$34,719,602$112,792,404
81$149,348,548$49,963,710$35,829,825$123,417,104
82$164,527,550$52,357,382$36,975,574$135,094,876
83$181,253,092$54,866,626$38,157,988$147,932,029
84$199,682,867$57,497,051$39,378,240$162,045,676
85$219,990,651$60,254,537$40,637,543$177,564,830
86$242,367,943$63,145,255$41,937,146$194,631,621
87$267,025,773$66,175,673$43,278,341$213,402,628
88$294,196,696$69,352,575$44,662,459$234,050,353
89$324,136,983$72,683,075$46,090,875$256,764,845
90$357,129,044$76,174,635$47,565,009$281,755,484
91$393,484,094$79,835,079$49,086,323$309,252,951
92$433,545,087$83,672,613$50,656,330$339,511,404
93$477,689,958$87,695,843$52,276,590$372,810,864
94$526,335,189$91,913,795$53,948,711$409,459,853
95$579,939,740$96,335,933$55,674,355$449,798,299
96$639,009,384$100,972,184$57,455,236$494,200,738
97$704,101,479$105,832,959$59,293,125$543,079,840
98$775,830,232$110,929,176$61,189,846$596,890,293
99$854,872,495$116,272,285$63,147,285$656,133,094
100$941,974,158$121,874,295$65,167,388$721,360,259