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

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,426,281
2 years$756,293$742,208$728,557$715,322$702,484$653,658
3 years$499,187$485,041$471,425$458,314$445,685$398,500
4 years$370,659$356,557$343,077$330,189$317,866$272,684
5 years$293,563$279,545$266,242$253,617$241,637$198,578
6 years$242,182$228,269$215,163$202,820$191,199$150,298
7 years$205,496$191,700$178,801$166,749$155,496$116,747
8 years$177,994$164,322$151,638$139,882$128,999$92,374
9 years$156,614$143,072$130,605$119,148$108,636$74,091
10 years$139,521$126,111$113,865$102,707$92,563$60,044
11 years$125,544$112,269$100,245$89,386$79,607$49,052
12 years$113,906$100,767$88,965$78,403$68,986$40,325
13 years$104,065$91,064$79,484$69,218$60,157$33,319
14 years$95,638$82,775$71,417$61,444$52,733$27,643
15 years$88,341$75,616$64,480$54,798$46,431$23,009
16 years$81,962$69,376$58,460$49,065$41,036$19,204
17 years$76,340$63,893$53,197$44,085$36,385$16,064
18 years$71,347$59,040$48,562$39,729$32,352$13,462
19 years$66,886$54,718$44,456$35,899$28,836$11,299
20 years$62,876$50,846$40,799$32,513$25,757$9,496
21 years$59,252$47,361$37,528$29,508$23,049$7,989
22 years$55,962$44,210$34,587$26,829$20,660$6,727
23 years$52,963$41,349$31,935$24,434$18,546$5,668
24 years$50,218$38,741$29,535$22,285$16,670$4,779
25 years$47,696$36,357$27,355$20,352$15,000$4,032
26 years$45,372$34,169$25,371$18,609$13,512$3,403
27 years$43,224$32,157$23,559$17,033$12,182$2,873
28 years$41,232$30,302$21,901$15,606$10,992$2,427
29 years$39,382$28,586$20,381$14,311$9,925$2,050
30 years$37,658$26,997$18,984$13,134$8,968$1,732
31 years$36,048$25,521$17,698$12,063$8,108$1,464
32 years$34,543$24,148$16,513$11,086$7,334$1,238
33 years$33,131$22,868$15,418$10,194$6,638$1,046
34 years$31,805$21,674$14,406$9,380$6,010$885
35 years$30,558$20,557$13,468$8,635$5,443$748
36 years$29,382$19,512$12,599$7,952$4,932$633
37 years$28,273$18,532$11,793$7,327$4,470$535
38 years$27,225$17,612$11,043$6,753$4,052$452
39 years$26,233$16,747$10,346$6,227$3,675$383
40 years$25,292$15,934$9,698$5,743$3,333$324
41 years$24,400$15,167$9,093$5,299$3,024$274
42 years$23,553$14,445$8,530$4,890$2,744$232
43 years$22,748$13,763$8,004$4,514$2,490$196
44 years$21,981$13,119$7,513$4,168$2,260$166
45 years$21,250$12,510$7,055$3,850$2,052$140
46 years$20,553$11,934$6,626$3,556$1,863$119
47 years$19,888$11,389$6,225$3,285$1,692$100
48 years$19,252$10,872$5,850$3,036$1,536$85
49 years$18,644$10,382$5,498$2,805$1,395$72
50 years$18,062$9,918$5,169$2,593$1,267$61

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 $6,469 every year, while hoping to spend $52,765 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: 57/17/26 Blend
59$18,500,000$18,500,000$18,500,000$18,500,000
60$20,393,673$19,413,173$19,126,423$21,410,992
61$22,417,686$20,308,277$19,711,016$23,003,788
62$24,646,380$21,245,472$20,313,425$24,732,856
63$27,100,576$22,226,766$20,934,191$26,616,373
64$29,803,219$23,254,262$21,573,871$28,669,274
65$32,779,591$24,330,164$22,233,039$30,907,988
66$36,057,551$25,456,783$22,912,287$33,350,587
67$39,667,797$26,636,542$23,612,224$36,016,949
68$43,644,158$27,871,979$24,333,480$38,928,945
69$48,023,911$29,165,754$25,076,700$42,110,638
70$52,848,132$30,520,658$25,842,552$45,588,507
71$58,162,086$31,939,615$26,631,722$49,391,690
72$64,015,652$33,425,689$27,444,918$53,552,255
73$70,463,794$34,982,094$28,282,868$58,105,497
74$77,567,081$36,612,196$29,146,324$63,090,264
75$85,392,256$38,319,526$30,036,058$68,549,318
76$94,012,869$40,107,786$30,952,869$74,529,731
77$103,509,969$41,980,855$31,897,577$81,083,328
78$113,972,868$43,942,799$32,871,029$88,267,161
79$125,499,986$45,997,882$33,874,094$96,144,048
80$138,199,780$48,150,574$34,907,672$104,783,151
81$152,191,766$50,405,560$35,972,686$114,260,628
82$167,607,645$52,767,751$37,070,091$124,660,339
83$184,592,552$55,242,298$38,200,866$136,074,630
84$203,306,421$57,834,599$39,366,023$148,605,197
85$223,925,495$60,550,314$40,566,605$162,364,035
86$246,643,992$63,395,376$41,803,683$177,474,487
87$271,675,936$66,376,006$43,078,363$194,072,396
88$299,257,178$69,498,727$44,391,784$212,307,379
89$329,647,620$72,770,375$45,745,119$232,344,226
90$363,133,673$76,198,119$47,139,576$254,364,447
91$400,030,956$79,789,475$48,576,401$278,567,969
92$440,687,279$83,552,324$50,056,875$305,175,015
93$485,485,920$87,494,927$51,582,319$334,428,168
94$534,849,253$91,625,947$53,154,095$366,594,647
95$589,242,723$95,954,466$54,773,605$401,968,815
96$649,179,252$100,490,005$56,442,291$440,874,943
97$715,224,070$105,242,550$58,161,642$483,670,257
98$788,000,059$110,222,568$59,933,191$530,748,292
99$868,193,627$115,441,036$61,758,515$582,542,591
100$956,561,192$120,909,462$63,639,240$639,530,779