Can I retire at age 60 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,425,148
2 years$748,117$734,184$720,681$707,589$694,889$660,708
3 years$493,791$479,798$466,328$453,359$440,866$407,692
4 years$366,652$352,702$339,368$326,620$314,430$282,517
5 years$290,389$276,523$263,363$250,875$239,024$208,463
6 years$239,564$225,802$212,837$200,627$189,132$159,953
7 years$203,274$189,628$176,868$164,946$153,815$126,023
8 years$176,069$162,546$149,998$138,369$127,604$101,189
9 years$154,921$141,526$129,193$117,860$107,461$82,401
10 years$138,012$124,748$112,634$101,597$91,562$67,830
11 years$124,187$111,056$99,161$88,419$78,747$56,309
12 years$112,674$99,678$88,003$77,556$68,240$47,061
13 years$102,940$90,079$78,625$68,470$59,507$39,547
14 years$94,604$81,880$70,645$60,780$52,163$33,380
15 years$87,386$74,799$63,783$54,205$45,929$28,278
16 years$81,076$68,626$57,828$48,535$40,592$24,029
17 years$75,514$63,202$52,621$43,608$35,992$20,470
18 years$70,576$58,402$48,037$39,300$32,002$17,475
19 years$66,163$54,126$43,975$35,511$28,524$14,945
20 years$62,196$50,297$40,358$32,162$25,478$12,801
21 years$58,611$46,849$37,122$29,189$22,800$10,979
22 years$55,357$43,732$34,214$26,539$20,437$9,426
23 years$52,390$40,902$31,590$24,170$18,346$8,101
24 years$49,675$38,322$29,216$22,044$16,489$6,967
25 years$47,180$35,964$27,059$20,132$14,838$5,997
26 years$44,881$33,800$25,096$18,408$13,365$5,164
27 years$42,756$31,810$23,304$16,849$12,050$4,449
28 years$40,787$29,974$21,664$15,437$10,873$3,835
29 years$38,956$28,277$20,160$14,156$9,818$3,307
30 years$37,251$26,705$18,779$12,992$8,871$2,853
31 years$35,659$25,245$17,507$11,932$8,020$2,461
32 years$34,169$23,887$16,334$10,966$7,255$2,124
33 years$32,773$22,621$15,251$10,084$6,566$1,834
34 years$31,461$21,440$14,250$9,278$5,945$1,583
35 years$30,227$20,335$13,323$8,541$5,384$1,367
36 years$29,065$19,301$12,463$7,866$4,878$1,180
37 years$27,967$18,332$11,665$7,248$4,421$1,020
38 years$26,930$17,422$10,924$6,680$4,008$881
39 years$25,949$16,566$10,235$6,160$3,635$761
40 years$25,019$15,761$9,593$5,681$3,297$657
41 years$24,137$15,003$8,995$5,242$2,991$568
42 years$23,299$14,289$8,438$4,838$2,714$491
43 years$22,502$13,614$7,918$4,466$2,463$424
44 years$21,743$12,977$7,432$4,123$2,236$366
45 years$21,020$12,375$6,978$3,808$2,030$316
46 years$20,331$11,805$6,554$3,517$1,843$273
47 years$19,673$11,266$6,158$3,250$1,674$236
48 years$19,044$10,755$5,786$3,003$1,520$204
49 years$18,443$10,270$5,439$2,775$1,380$177
50 years$17,867$9,810$5,113$2,565$1,254$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,300,000, adding $4,787 every year, while hoping to spend $54,204 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: 33/43/24 Blend
59$18,300,000$18,300,000$18,300,000$18,300,000
60$20,171,538$19,201,638$18,917,988$20,688,972
61$22,171,362$20,084,845$19,494,068$21,961,437
62$24,373,352$21,009,514$20,087,630$23,326,644
63$26,798,070$21,977,616$20,699,202$24,796,912
64$29,468,177$22,991,223$21,329,329$26,381,548
65$32,408,641$24,052,503$21,978,572$28,090,752
66$35,646,976$25,163,729$22,647,507$29,935,698
67$39,213,500$26,327,284$23,336,731$31,928,632
68$43,141,620$27,545,665$24,046,855$34,082,984
69$47,468,152$28,821,489$24,778,511$36,413,478
70$52,233,662$30,157,500$25,532,349$38,936,267
71$57,482,852$31,556,574$26,309,040$41,669,068
72$63,264,982$33,021,726$27,109,272$44,631,329
73$69,634,334$34,556,114$27,933,756$47,844,390
74$76,650,725$36,163,052$28,783,226$51,331,680
75$84,380,068$37,846,011$29,658,433$55,118,922
76$92,895,000$39,608,631$30,560,156$59,234,366
77$102,275,562$41,454,726$31,489,193$63,709,040
78$112,609,958$43,388,296$32,446,369$68,577,026
79$123,995,384$45,413,532$33,432,533$73,875,775
80$136,538,948$47,534,831$34,448,558$79,646,436
81$150,358,682$49,756,798$35,495,345$85,934,234
82$165,584,650$52,084,264$36,573,822$92,788,877
83$182,360,182$54,522,291$37,684,943$100,265,009
84$200,843,225$57,076,187$38,829,693$108,422,708
85$221,207,830$59,751,517$40,009,084$117,328,030
86$243,645,801$62,554,113$41,224,160$127,053,617
87$268,368,500$65,490,092$42,475,997$137,679,359
88$295,608,846$68,565,865$43,765,702$149,293,126
89$325,623,510$71,788,154$45,094,414$161,991,574
90$358,695,340$75,164,006$46,463,310$175,881,034
91$395,136,031$78,700,809$47,873,597$191,078,489
92$435,289,066$82,406,309$49,326,523$207,712,655
93$479,532,960$86,288,627$50,823,370$225,925,162
94$528,284,829$90,356,277$52,365,460$245,871,870
95$582,004,334$94,618,187$53,954,155$267,724,302
96$641,198,014$99,083,715$55,590,857$291,671,236
97$706,424,069$103,762,676$57,277,009$317,920,453
98$778,297,634$108,665,356$59,014,099$346,700,662
99$857,496,579$113,802,546$60,803,657$378,263,623
100$944,767,914$119,185,553$62,647,263$412,886,489