Can I retire at age 60 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,387,733
2 years$735,853$722,148$708,867$695,989$683,498$635,991
3 years$485,696$471,932$458,684$445,927$433,639$387,730
4 years$360,642$346,920$333,804$321,265$309,275$265,314
5 years$285,629$271,990$259,046$246,762$235,106$193,211
6 years$235,636$222,100$209,347$197,338$186,031$146,236
7 years$199,942$186,519$173,969$162,242$151,293$113,592
8 years$173,183$159,881$147,539$136,101$125,512$89,877
9 years$152,381$139,205$127,076$115,928$105,700$72,089
10 years$135,750$122,703$110,787$99,931$90,061$58,421
11 years$122,151$109,235$97,535$86,970$77,456$47,726
12 years$110,827$98,044$86,560$76,284$67,122$39,236
13 years$101,253$88,603$77,336$67,348$58,531$32,419
14 years$93,053$80,537$69,487$59,784$51,308$26,895
15 years$85,953$73,572$62,737$53,317$45,176$22,387
16 years$79,747$67,501$56,880$47,739$39,926$18,685
17 years$74,276$62,166$51,759$42,893$35,402$15,630
18 years$69,419$57,444$47,249$38,655$31,477$13,098
19 years$65,078$53,239$43,254$34,929$28,057$10,994
20 years$61,176$49,472$39,697$31,634$25,061$9,239
21 years$57,651$46,081$36,513$28,710$22,426$7,773
22 years$54,450$43,015$33,653$26,104$20,102$6,545
23 years$51,531$40,231$31,072$23,774$18,045$5,515
24 years$48,860$37,694$28,737$21,683$16,219$4,650
25 years$46,407$35,374$26,616$19,802$14,595$3,923
26 years$44,146$33,246$24,685$18,106$13,146$3,311
27 years$42,055$31,288$22,922$16,573$11,853$2,796
28 years$40,118$29,483$21,309$15,184$10,695$2,361
29 years$38,318$27,814$19,830$13,924$9,657$1,995
30 years$36,640$26,267$18,471$12,779$8,726$1,686
31 years$35,074$24,831$17,220$11,737$7,889$1,425
32 years$33,609$23,495$16,066$10,786$7,136$1,204
33 years$32,235$22,250$15,001$9,919$6,458$1,018
34 years$30,945$21,088$14,016$9,126$5,847$861
35 years$29,732$20,002$13,104$8,401$5,296$728
36 years$28,588$18,985$12,259$7,737$4,798$615
37 years$27,509$18,031$11,474$7,129$4,349$521
38 years$26,489$17,136$10,745$6,571$3,943$440
39 years$25,524$16,295$10,067$6,059$3,575$372
40 years$24,609$15,503$9,436$5,588$3,243$315
41 years$23,741$14,757$8,848$5,156$2,942$266
42 years$22,917$14,054$8,299$4,758$2,670$225
43 years$22,133$13,391$7,788$4,392$2,423$191
44 years$21,387$12,764$7,310$4,056$2,199$161
45 years$20,676$12,172$6,864$3,745$1,997$136
46 years$19,997$11,612$6,447$3,460$1,813$115
47 years$19,350$11,081$6,057$3,196$1,646$98
48 years$18,732$10,578$5,692$2,954$1,495$83
49 years$18,140$10,102$5,350$2,730$1,358$70
50 years$17,574$9,650$5,030$2,523$1,233$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,000,000, adding $5,547 every year, while hoping to spend $54,858 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: 60/29/11 Blend
59$18,000,000$18,000,000$18,000,000$18,000,000
60$19,841,722$18,887,722$18,608,722$20,980,260
61$21,807,209$19,754,852$19,173,745$22,612,934
62$23,971,337$20,662,632$19,755,859$24,386,334
63$26,354,310$21,612,998$20,355,576$26,319,395
64$28,978,390$22,607,975$20,973,428$28,427,514
65$31,868,108$23,649,688$21,609,960$30,727,619
66$35,050,495$24,740,363$22,265,735$33,238,324
67$38,555,340$25,882,335$22,941,331$35,980,102
68$42,415,463$27,078,048$23,637,345$38,975,465
69$46,667,035$28,330,067$24,354,390$42,249,179
70$51,349,911$29,641,079$25,093,101$45,828,486
71$56,508,010$31,013,899$25,854,127$49,743,356
72$62,189,728$32,451,481$26,638,141$54,026,764
73$68,448,394$33,956,918$27,445,833$58,714,990
74$75,342,777$35,533,454$28,277,916$63,847,960
75$82,937,636$37,184,489$29,135,121$69,469,611
76$91,304,332$38,913,585$30,018,205$75,628,297
77$100,521,503$40,724,480$30,927,944$82,377,238
78$110,675,805$42,621,089$31,865,139$89,775,014
79$121,862,732$44,607,517$32,830,616$97,886,108
80$134,187,511$46,688,066$33,825,222$106,781,502
81$147,766,104$48,867,248$34,849,834$116,539,342
82$162,726,295$51,149,791$35,905,351$127,245,659
83$179,208,898$53,540,652$36,992,702$138,995,174
84$197,369,090$56,045,028$38,112,841$151,892,180
85$217,377,868$58,668,366$39,266,753$166,051,509
86$239,423,672$61,416,377$40,455,451$181,599,611
87$263,714,156$64,295,049$41,679,977$198,675,725
88$290,478,151$67,310,657$42,941,407$217,433,188
89$319,967,826$70,469,783$44,240,848$238,040,862
90$352,461,065$73,779,324$45,579,438$260,684,711
91$388,264,096$77,246,513$46,958,351$285,569,548
92$427,714,374$80,878,932$48,378,796$312,920,942
93$471,183,772$84,684,531$49,842,017$342,987,336
94$519,082,088$88,671,645$51,349,296$376,042,370
95$571,860,915$92,849,010$52,901,952$412,387,445
96$630,017,906$97,225,788$54,501,345$452,354,551
97$694,101,465$101,811,585$56,148,873$496,309,376
98$764,715,932$106,616,470$57,845,978$544,654,735
99$842,527,283$111,651,003$59,594,143$597,834,353
100$928,269,416$116,926,253$61,394,898$656,337,027