Can I retire at age 60 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,419,489
2 years$756,293$742,208$728,557$715,322$702,484$646,987
3 years$499,187$485,041$471,425$458,314$445,685$392,163
4 years$370,659$356,557$343,077$330,189$317,866$266,729
5 years$293,563$279,545$266,242$253,617$241,637$193,015
6 years$242,182$228,269$215,163$202,820$191,199$145,127
7 years$205,496$191,700$178,801$166,749$155,496$111,960
8 years$177,994$164,322$151,638$139,882$128,999$87,959
9 years$156,614$143,072$130,605$119,148$108,636$70,033
10 years$139,521$126,111$113,865$102,707$92,563$56,326
11 years$125,544$112,269$100,245$89,386$79,607$45,657
12 years$113,906$100,767$88,965$78,403$68,986$37,236
13 years$104,065$91,064$79,484$69,218$60,157$30,515
14 years$95,638$82,775$71,417$61,444$52,733$25,105
15 years$88,341$75,616$64,480$54,798$46,431$20,719
16 years$81,962$69,376$58,460$49,065$41,036$17,143
17 years$76,340$63,893$53,197$44,085$36,385$14,214
18 years$71,347$59,040$48,562$39,729$32,352$11,806
19 years$66,886$54,718$44,456$35,899$28,836$9,819
20 years$62,876$50,846$40,799$32,513$25,757$8,176
21 years$59,252$47,361$37,528$29,508$23,049$6,815
22 years$55,962$44,210$34,587$26,829$20,660$5,685
23 years$52,963$41,349$31,935$24,434$18,546$4,745
24 years$50,218$38,741$29,535$22,285$16,670$3,963
25 years$47,696$36,357$27,355$20,352$15,000$3,311
26 years$45,372$34,169$25,371$18,609$13,512$2,768
27 years$43,224$32,157$23,559$17,033$12,182$2,314
28 years$41,232$30,302$21,901$15,606$10,992$1,936
29 years$39,382$28,586$20,381$14,311$9,925$1,619
30 years$37,658$26,997$18,984$13,134$8,968$1,355
31 years$36,048$25,521$17,698$12,063$8,108$1,134
32 years$34,543$24,148$16,513$11,086$7,334$949
33 years$33,131$22,868$15,418$10,194$6,638$794
34 years$31,805$21,674$14,406$9,380$6,010$665
35 years$30,558$20,557$13,468$8,635$5,443$557
36 years$29,382$19,512$12,599$7,952$4,932$466
37 years$28,273$18,532$11,793$7,327$4,470$390
38 years$27,225$17,612$11,043$6,753$4,052$327
39 years$26,233$16,747$10,346$6,227$3,675$274
40 years$25,292$15,934$9,698$5,743$3,333$229
41 years$24,400$15,167$9,093$5,299$3,024$192
42 years$23,553$14,445$8,530$4,890$2,744$161
43 years$22,748$13,763$8,004$4,514$2,490$135
44 years$21,981$13,119$7,513$4,168$2,260$113
45 years$21,250$12,510$7,055$3,850$2,052$94
46 years$20,553$11,934$6,626$3,556$1,863$79
47 years$19,888$11,389$6,225$3,285$1,692$66
48 years$19,252$10,872$5,850$3,036$1,536$55
49 years$18,644$10,382$5,498$2,805$1,395$46
50 years$18,062$9,918$5,169$2,593$1,267$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,500,000, adding $6,718 every year, while hoping to spend $48,414 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: 72/10/18 Blend
59$18,500,000$18,500,000$18,500,000$18,500,000
60$20,393,930$19,413,430$19,126,680$21,775,380
61$22,422,598$20,313,176$19,715,911$23,593,936
62$24,656,569$21,255,386$20,323,260$25,578,417
63$27,116,730$22,242,092$20,949,280$27,750,513
64$29,826,102$23,275,419$21,594,546$30,128,817
65$32,810,048$24,357,599$22,259,648$32,733,799
66$36,096,520$25,490,969$22,945,193$35,587,995
67$39,716,318$26,677,979$23,651,809$38,716,216
68$43,703,380$27,921,197$24,380,143$42,145,781
69$48,095,107$29,223,318$25,130,860$45,906,771
70$52,932,710$30,587,163$25,904,646$50,032,309
71$58,261,604$32,015,691$26,702,209$54,558,871
72$64,131,832$33,512,004$27,524,277$59,526,624
73$70,598,541$35,079,355$28,371,603$64,979,805
74$77,722,500$36,721,151$29,244,959$70,967,133
75$85,570,674$38,440,967$30,145,145$77,542,264
76$94,216,858$40,242,549$31,072,982$84,764,294
77$103,742,368$42,129,825$32,029,318$92,698,316
78$114,236,816$44,106,912$33,015,026$101,416,023
79$125,798,947$46,178,128$34,031,006$110,996,386
80$138,537,581$48,347,997$35,078,185$121,526,392
81$152,572,630$50,621,264$36,157,520$133,101,863
82$168,036,236$53,002,905$37,269,996$145,828,349
83$185,074,019$55,498,133$38,416,627$159,822,127
84$203,846,445$58,112,418$39,598,460$175,211,287
85$224,530,347$60,851,491$40,816,573$192,136,936
86$247,320,591$63,721,363$42,072,077$210,754,526
87$272,431,917$66,728,335$43,366,117$231,235,316
88$300,100,964$69,879,015$44,699,873$253,767,976
89$330,588,505$73,180,329$46,074,561$278,560,367
90$364,181,908$76,639,541$47,491,435$305,841,496
91$401,197,850$80,264,266$48,951,785$335,863,664
92$441,985,303$84,062,487$50,456,943$368,904,846
93$486,928,833$88,042,578$52,008,279$405,271,304
94$536,452,225$92,213,316$53,607,207$445,300,473
95$591,022,487$96,583,904$55,255,185$489,364,131
96$651,154,259$101,163,993$56,953,711$537,871,905
97$717,414,667$105,963,702$58,704,334$591,275,127
98$790,428,681$110,993,641$60,508,647$650,071,081
99$870,885,012$116,264,936$62,368,293$714,807,692
100$959,542,616$121,789,250$64,284,963$786,088,685