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

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 $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%12.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,419,765
2 years$735,853$722,148$708,867$695,989$683,498$667,810
3 years$485,696$471,932$458,684$445,927$433,639$418,331
4 years$360,642$346,920$333,804$321,265$309,275$294,465
5 years$285,629$271,990$259,046$246,762$235,106$220,837
6 years$235,636$222,100$209,347$197,338$186,031$172,321
7 years$199,942$186,519$173,969$162,242$151,293$138,147
8 years$173,183$159,881$147,539$136,101$125,512$112,930
9 years$152,381$139,205$127,076$115,928$105,700$93,675
10 years$135,750$122,703$110,787$99,931$90,061$78,588
11 years$122,151$109,235$97,535$86,970$77,456$66,524
12 years$110,827$98,044$86,560$76,284$67,122$56,720
13 years$101,253$88,603$77,336$67,348$58,531$48,647
14 years$93,053$80,537$69,487$59,784$51,308$41,927
15 years$85,953$73,572$62,737$53,317$45,176$36,284
16 years$79,747$67,501$56,880$47,739$39,926$31,509
17 years$74,276$62,166$51,759$42,893$35,402$27,442
18 years$69,419$57,444$47,249$38,655$31,477$23,960
19 years$65,078$53,239$43,254$34,929$28,057$20,965
20 years$61,176$49,472$39,697$31,634$25,061$18,378
21 years$57,651$46,081$36,513$28,710$22,426$16,136
22 years$54,450$43,015$33,653$26,104$20,102$14,187
23 years$51,531$40,231$31,072$23,774$18,045$12,489
24 years$48,860$37,694$28,737$21,683$16,219$11,005
25 years$46,407$35,374$26,616$19,802$14,595$9,707
26 years$44,146$33,246$24,685$18,106$13,146$8,569
27 years$42,055$31,288$22,922$16,573$11,853$7,569
28 years$40,118$29,483$21,309$15,184$10,695$6,690
29 years$38,318$27,814$19,830$13,924$9,657$5,917
30 years$36,640$26,267$18,471$12,779$8,726$5,236
31 years$35,074$24,831$17,220$11,737$7,889$4,635
32 years$33,609$23,495$16,066$10,786$7,136$4,104
33 years$32,235$22,250$15,001$9,919$6,458$3,635
34 years$30,945$21,088$14,016$9,126$5,847$3,221
35 years$29,732$20,002$13,104$8,401$5,296$2,855
36 years$28,588$18,985$12,259$7,737$4,798$2,531
37 years$27,509$18,031$11,474$7,129$4,349$2,244
38 years$26,489$17,136$10,745$6,571$3,943$1,990
39 years$25,524$16,295$10,067$6,059$3,575$1,765
40 years$24,609$15,503$9,436$5,588$3,243$1,566
41 years$23,741$14,757$8,848$5,156$2,942$1,390
42 years$22,917$14,054$8,299$4,758$2,670$1,233
43 years$22,133$13,391$7,788$4,392$2,423$1,094
44 years$21,387$12,764$7,310$4,056$2,199$971
45 years$20,676$12,172$6,864$3,745$1,997$862
46 years$19,997$11,612$6,447$3,460$1,813$765
47 years$19,350$11,081$6,057$3,196$1,646$679
48 years$18,732$10,578$5,692$2,954$1,495$603
49 years$18,140$10,102$5,350$2,730$1,358$535
50 years$17,574$9,650$5,030$2,523$1,233$475

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 $2,262 every year, while hoping to spend $41,097 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: 64/20/16 Blend
59$18,000,000$18,000,000$18,000,000$18,000,000
60$19,838,333$18,884,333$18,605,333$21,029,903
61$21,818,116$19,765,939$19,184,885$22,710,705
62$23,998,460$20,689,365$19,782,474$24,541,121
63$26,399,778$21,656,619$20,398,662$26,539,659
64$29,044,565$22,669,803$21,034,027$28,722,722
65$31,957,608$23,731,121$21,689,164$31,108,353
66$35,166,222$24,842,884$22,364,690$33,716,403
67$38,700,507$26,007,516$23,061,237$36,568,713
68$42,593,629$27,227,555$23,779,459$39,689,317
69$46,882,139$28,505,664$24,520,030$43,104,663
70$51,606,311$29,844,636$25,283,646$46,843,857
71$56,810,528$31,247,396$26,071,021$50,938,933
72$62,543,697$32,717,014$26,882,895$55,425,151
73$68,859,712$34,256,705$27,720,030$60,341,322
74$75,817,962$35,869,843$28,583,210$65,730,169
75$83,483,891$37,559,963$29,473,245$71,638,725
76$91,929,620$39,330,773$30,390,971$78,118,770
77$101,234,619$41,186,159$31,337,246$85,227,313
78$111,486,466$43,130,196$32,312,960$93,027,121
79$122,781,668$45,167,158$33,319,026$101,587,306
80$135,226,573$47,301,524$34,356,388$110,983,970
81$148,938,376$49,537,991$35,426,020$121,300,915
82$164,046,221$51,881,483$36,528,922$132,630,423
83$180,692,424$54,337,165$37,666,130$145,074,120
84$199,033,815$56,910,449$38,838,709$158,743,929
85$219,243,217$59,607,014$40,047,759$173,763,110
86$241,511,079$62,432,811$41,294,412$190,267,419
87$266,047,272$65,394,082$42,579,837$208,406,378
88$293,083,071$68,497,369$43,905,239$228,344,673
89$322,873,339$71,749,536$45,271,860$250,263,699
90$355,698,933$75,157,776$46,680,981$274,363,258
91$391,869,351$78,729,634$48,133,920$300,863,437
92$431,725,660$82,473,021$49,632,041$330,006,667
93$475,643,709$86,396,231$51,176,747$362,060,000
94$524,037,683$90,507,962$52,769,484$397,317,618
95$577,364,010$94,817,335$54,411,745$436,103,589
96$636,125,668$99,333,914$56,105,067$478,774,915
97$700,876,937$104,067,727$57,851,038$525,724,886
98$772,228,629$109,029,289$59,651,292$577,386,771
99$850,853,854$114,229,629$61,507,515$634,237,895
100$937,494,376$119,680,310$63,421,445$696,804,123