Can I retire at age 60 with 18,100,000?

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 $18,100,000?

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$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,395,443
2 years$739,941$726,160$712,805$699,855$687,295$639,525
3 years$488,394$474,554$461,232$448,404$436,048$389,884
4 years$362,645$348,847$335,659$323,050$310,993$266,788
5 years$287,216$273,501$260,485$248,133$236,412$194,284
6 years$236,946$223,334$210,510$198,434$187,065$147,048
7 years$201,052$187,555$174,935$163,144$152,134$114,223
8 years$174,145$160,770$148,359$136,857$126,210$90,377
9 years$153,228$139,979$127,782$116,572$106,287$72,489
10 years$136,504$123,384$111,403$100,486$90,562$58,746
11 years$122,830$109,842$98,077$87,453$77,886$47,991
12 years$111,443$98,588$87,041$76,708$67,494$39,454
13 years$101,815$89,095$77,765$67,722$58,856$32,599
14 years$93,570$80,985$69,873$60,116$51,593$27,045
15 years$86,431$73,981$63,086$53,613$45,427$22,512
16 years$80,190$67,876$57,196$48,004$40,148$18,789
17 years$74,689$62,512$52,046$43,132$35,598$15,717
18 years$69,805$57,763$47,512$38,870$31,652$13,171
19 years$65,440$53,535$43,495$35,123$28,212$11,055
20 years$61,516$49,747$39,917$31,810$25,200$9,290
21 years$57,971$46,337$36,716$28,870$22,551$7,816
22 years$54,752$43,254$33,840$26,249$20,214$6,581
23 years$51,818$40,455$31,245$23,906$18,145$5,546
24 years$49,132$37,903$28,896$21,803$16,309$4,676
25 years$46,665$35,571$26,764$19,912$14,676$3,945
26 years$44,391$33,431$24,822$18,207$13,219$3,330
27 years$42,289$31,462$23,049$16,665$11,918$2,811
28 years$40,341$29,647$21,427$15,269$10,754$2,374
29 years$38,530$27,968$19,940$14,002$9,711$2,006
30 years$36,844$26,413$18,573$12,850$8,774$1,695
31 years$35,269$24,969$17,315$11,802$7,933$1,432
32 years$33,796$23,626$16,156$10,846$7,176$1,211
33 years$32,414$22,374$15,085$9,974$6,494$1,024
34 years$31,117$21,205$14,094$9,177$5,880$865
35 years$29,897$20,113$13,177$8,448$5,325$732
36 years$28,747$19,090$12,327$7,780$4,825$619
37 years$27,662$18,131$11,538$7,168$4,373$523
38 years$26,636$17,231$10,805$6,607$3,965$443
39 years$25,665$16,385$10,123$6,092$3,595$374
40 years$24,746$15,589$9,488$5,619$3,261$317
41 years$23,873$14,839$8,897$5,184$2,959$268
42 years$23,044$14,133$8,345$4,785$2,685$227
43 years$22,256$13,465$7,831$4,417$2,436$192
44 years$21,505$12,835$7,351$4,078$2,212$162
45 years$20,790$12,240$6,902$3,766$2,008$137
46 years$20,109$11,676$6,483$3,479$1,823$116
47 years$19,458$11,143$6,090$3,214$1,655$98
48 years$18,836$10,637$5,723$2,970$1,503$83
49 years$18,241$10,158$5,379$2,745$1,365$70
50 years$17,672$9,703$5,058$2,537$1,240$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,100,000, adding $5,922 every year, while hoping to spend $59,713 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: 45/27/28 Blend
59$18,100,000$18,100,000$18,100,000$18,100,000
60$19,952,309$18,993,009$18,712,459$20,688,332
61$21,923,910$19,860,132$19,275,792$22,079,433
62$24,094,613$20,767,743$19,855,995$23,580,984
63$26,484,664$21,717,762$20,453,571$25,208,352
64$29,116,370$22,712,203$21,069,037$26,973,320
65$32,014,314$23,753,176$21,702,924$28,888,830
66$35,205,583$24,842,890$22,355,780$30,969,099
67$38,720,024$25,983,663$23,028,170$33,229,748
68$42,590,527$27,177,923$23,720,675$35,687,943
69$46,853,336$28,428,216$24,433,892$38,362,551
70$51,548,385$29,737,208$25,168,437$41,274,310
71$56,719,684$31,107,695$25,924,943$44,446,019
72$62,415,727$32,542,607$26,704,063$47,902,746
73$68,689,951$34,045,014$27,506,469$51,672,053
74$75,601,242$35,618,136$28,332,852$55,784,255
75$83,214,489$37,265,345$29,183,923$60,272,692
76$91,601,198$38,990,179$30,060,416$65,174,037
77$100,840,165$40,796,342$30,963,085$70,528,633
78$111,018,219$42,687,720$31,892,705$76,380,864
79$122,231,044$44,668,385$32,850,078$82,779,564
80$134,584,080$46,742,605$33,836,024$89,778,469
81$148,193,517$48,914,854$34,851,393$97,436,709
82$163,187,396$51,189,822$35,897,054$105,819,361
83$179,706,812$53,572,425$36,973,907$114,998,047
84$197,907,249$56,067,815$38,082,875$125,051,597
85$217,960,046$58,681,396$39,224,909$136,066,785
86$240,054,015$61,418,829$40,400,988$148,139,130
87$264,397,224$64,286,051$41,612,120$161,373,786
88$291,218,958$67,289,284$42,859,343$175,886,518
89$320,771,884$70,435,052$44,143,724$191,804,781
90$353,334,440$73,730,193$45,466,362$209,268,907
91$389,213,457$77,181,877$46,828,390$228,433,412
92$428,747,059$80,797,618$48,230,970$249,468,439
93$472,307,855$84,585,297$49,675,303$272,561,341
94$520,306,452$88,553,173$51,162,622$297,918,437
95$573,195,337$92,709,905$52,694,196$325,766,935
96$631,473,143$97,064,572$54,271,334$356,357,057
97$695,689,360$101,626,692$55,895,380$389,964,381
98$766,449,519$106,406,244$57,567,719$426,892,416
99$844,420,908$111,413,689$59,289,776$467,475,448
100$930,338,876$116,659,995$61,063,019$512,081,666