Can I retire at age 60 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,427,719
2 years$752,205$738,196$724,619$711,455$698,687$659,150
3 years$496,489$482,419$468,877$455,836$443,275$404,963
4 years$368,656$354,629$341,222$328,404$316,148$279,353
5 years$291,976$278,034$264,802$252,246$240,331$205,156
6 years$240,873$227,035$214,000$201,723$190,165$156,644
7 years$204,385$190,664$177,835$165,848$154,655$122,789
8 years$177,031$163,434$150,818$139,126$128,302$98,074
9 years$155,768$142,299$129,899$118,504$108,048$79,432
10 years$138,767$125,430$113,249$102,152$92,063$65,021
11 years$124,866$111,663$99,703$88,903$79,177$53,668
12 years$113,290$100,222$88,484$77,980$68,613$44,590
13 years$103,503$90,572$79,054$68,844$59,832$37,244
14 years$95,121$82,327$71,031$61,112$52,448$31,243
15 years$87,863$75,207$64,131$54,501$46,180$26,301
16 years$81,519$69,001$58,144$48,800$40,814$22,206
17 years$75,927$63,548$52,909$43,846$36,188$18,794
18 years$70,962$58,721$48,299$39,514$32,177$15,938
19 years$66,524$54,422$44,216$35,705$28,680$13,540
20 years$62,536$50,571$40,579$32,337$25,617$11,518
21 years$58,932$47,105$37,325$29,348$22,925$9,811
22 years$55,660$43,971$34,400$26,684$20,549$8,365
23 years$52,677$41,125$31,763$24,302$18,446$7,138
24 years$49,946$38,532$29,375$22,165$16,580$6,096
25 years$47,438$36,160$27,207$20,242$14,919$5,209
26 years$45,127$33,985$25,233$18,508$13,439$4,453
27 years$42,990$31,984$23,431$16,941$12,116$3,809
28 years$41,010$30,138$21,783$15,522$10,932$3,259
29 years$39,169$28,432$20,270$14,234$9,872$2,790
30 years$37,454$26,851$18,881$13,063$8,920$2,389
31 years$35,854$25,383$17,602$11,997$8,064$2,046
32 years$34,356$24,017$16,423$11,026$7,295$1,752
33 years$32,952$22,745$15,335$10,139$6,602$1,501
34 years$31,633$21,557$14,328$9,329$5,977$1,286
35 years$30,392$20,446$13,395$8,588$5,414$1,102
36 years$29,223$19,407$12,531$7,909$4,905$945
37 years$28,120$18,432$11,729$7,287$4,446$810
38 years$27,078$17,517$10,984$6,717$4,030$694
39 years$26,091$16,657$10,290$6,193$3,655$595
40 years$25,156$15,848$9,645$5,712$3,315$510
41 years$24,269$15,085$9,044$5,270$3,008$437
42 years$23,426$14,367$8,484$4,864$2,729$375
43 years$22,625$13,689$7,961$4,490$2,477$322
44 years$21,862$13,048$7,473$4,146$2,248$276
45 years$21,135$12,443$7,017$3,829$2,041$236
46 years$20,442$11,870$6,590$3,537$1,853$203
47 years$19,780$11,327$6,191$3,267$1,683$174
48 years$19,148$10,813$5,818$3,019$1,528$149
49 years$18,543$10,326$5,469$2,790$1,388$128
50 years$17,965$9,864$5,141$2,579$1,261$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,400,000, adding $2,461 every year, while hoping to spend $48,321 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: 58/18/24 Blend
59$18,400,000$18,400,000$18,400,000$18,400,000
60$20,279,339$19,304,139$19,018,939$21,324,014
61$22,296,418$20,198,628$19,604,660$22,931,532
62$24,517,620$21,135,328$20,208,383$24,677,973
63$26,963,714$22,116,256$20,830,661$26,581,114
64$29,657,586$23,143,526$21,472,062$28,656,123
65$32,624,456$24,219,355$22,133,172$30,919,683
66$35,892,114$25,346,066$22,814,596$33,390,144
67$39,491,181$26,526,095$23,516,956$36,087,694
68$43,455,402$27,761,995$24,240,895$39,034,542
69$47,821,962$29,056,441$24,987,074$42,255,125
70$52,631,835$30,412,240$25,756,174$45,776,331
71$57,930,174$31,832,332$26,548,898$49,627,749
72$63,766,736$33,319,800$27,365,970$53,841,944
73$70,196,349$34,877,876$28,208,136$58,454,755
74$77,279,432$36,509,948$29,076,164$63,505,631
75$85,082,567$38,219,568$29,970,848$69,037,995
76$93,679,121$40,010,459$30,893,004$75,099,646
77$103,149,945$41,886,525$31,843,473$81,743,207
78$113,584,132$43,851,858$32,823,123$89,026,611
79$125,079,863$45,910,748$33,832,847$97,013,643
80$137,745,328$48,067,694$34,873,566$105,774,531
81$151,699,752$50,327,411$35,946,230$115,386,606
82$167,074,515$52,694,842$37,051,818$125,935,016
83$184,014,397$55,175,172$38,191,335$137,513,530
84$202,678,944$57,773,833$39,365,823$150,225,404
85$223,243,969$60,496,524$40,576,351$164,184,354
86$245,903,218$63,349,217$41,824,023$179,515,617
87$270,870,193$66,338,176$43,109,975$196,357,119
88$298,380,173$69,469,967$44,435,379$214,860,771
89$328,692,428$72,751,473$45,801,442$235,193,890
90$362,092,675$76,189,914$47,209,409$257,540,763
91$398,895,766$79,792,858$48,660,563$282,104,381
92$439,448,665$83,568,240$50,156,223$309,108,336
93$484,133,725$87,524,379$51,697,752$338,798,920
94$533,372,292$91,670,000$53,286,553$371,447,436
95$587,628,685$96,014,250$54,924,073$407,352,747
96$647,414,582$100,566,719$56,611,800$446,844,075
97$713,293,845$105,337,464$58,351,271$490,284,100
98$785,887,847$110,337,029$60,144,068$538,072,362
99$865,881,334$115,576,471$61,991,822$590,649,015
100$954,028,895$121,067,383$63,896,213$648,498,969