Can I retire at age 60 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,471,377
2 years$760,381$746,220$732,495$719,188$706,281$694,374
3 years$501,886$487,663$473,973$460,791$448,094$436,460
4 years$372,663$358,484$344,931$331,974$319,584$308,314
5 years$295,150$281,056$267,681$254,988$242,943$232,070
6 years$243,491$229,503$216,326$203,916$192,232$181,770
7 years$206,606$192,736$179,768$167,650$156,336$146,289
8 years$178,956$165,211$152,457$140,638$129,696$120,064
9 years$157,461$143,846$131,311$119,792$109,223$100,004
10 years$140,275$126,793$114,480$103,262$93,063$84,252
11 years$126,223$112,876$100,787$89,869$80,038$71,627
12 years$114,521$101,312$89,446$78,827$69,359$61,341
13 years$104,628$91,556$79,914$69,593$60,482$52,849
14 years$96,155$83,222$71,803$61,776$53,018$45,760
15 years$88,818$76,025$64,828$55,094$46,682$39,788
16 years$82,405$69,751$58,776$49,330$41,257$34,717
17 years$76,752$64,238$53,484$44,323$36,582$30,385
18 years$71,733$59,359$48,824$39,944$32,527$26,661
19 years$67,248$55,013$44,696$36,093$28,992$23,446
20 years$63,216$51,121$41,020$32,689$25,896$20,659
21 years$59,572$47,617$37,730$29,667$23,174$18,233
22 years$56,265$44,449$34,774$26,974$20,772$16,116
23 years$53,249$41,572$32,108$24,566$18,646$14,262
24 years$50,489$38,951$29,694$22,406$16,760$12,636
25 years$47,954$36,553$27,503$20,462$15,081$11,206
26 years$45,617$34,354$25,508$18,710$13,585$9,947
27 years$43,457$32,331$23,686$17,125$12,248$8,836
28 years$41,455$30,466$22,019$15,690$11,051$7,854
29 years$39,595$28,741$20,491$14,388$9,979$6,985
30 years$37,862$27,143$19,086$13,205$9,017$6,216
31 years$36,243$25,659$17,794$12,128$8,152$5,534
32 years$34,729$24,278$16,602$11,146$7,374$4,929
33 years$33,310$22,992$15,501$10,249$6,673$4,392
34 years$31,977$21,791$14,483$9,430$6,042$3,914
35 years$30,723$20,669$13,541$8,681$5,473$3,490
36 years$29,541$19,618$12,667$7,995$4,958$3,112
37 years$28,426$18,632$11,856$7,366$4,494$2,776
38 years$27,372$17,707$11,103$6,790$4,074$2,476
39 years$26,374$16,838$10,402$6,261$3,695$2,210
40 years$25,429$16,020$9,750$5,774$3,351$1,972
41 years$24,532$15,249$9,142$5,328$3,040$1,760
42 years$23,681$14,523$8,576$4,917$2,759$1,571
43 years$22,871$13,837$8,047$4,539$2,504$1,403
44 years$22,099$13,190$7,554$4,191$2,273$1,253
45 years$21,365$12,578$7,093$3,870$2,063$1,119
46 years$20,664$11,999$6,662$3,575$1,873$999
47 years$19,995$11,450$6,259$3,303$1,701$892
48 years$19,356$10,931$5,881$3,052$1,545$797
49 years$18,745$10,439$5,528$2,821$1,403$712
50 years$18,160$9,971$5,197$2,607$1,274$636

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,600,000, adding $4,901 every year, while hoping to spend $56,587 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: 82/9/9 Blend
59$18,600,000$18,600,000$18,600,000$18,600,000
60$20,502,255$19,516,455$19,228,155$22,157,253
61$22,533,277$20,412,554$19,812,090$24,137,424
62$24,769,567$21,350,664$20,413,691$26,302,923
63$27,232,002$22,332,786$21,033,488$28,678,628
64$29,943,587$23,361,013$21,672,031$31,285,578
65$32,929,673$24,437,542$22,329,884$34,146,939
66$36,218,192$25,564,675$23,007,628$37,288,225
67$39,839,925$26,744,821$23,705,861$40,737,533
68$43,828,791$27,980,511$24,425,201$44,525,811
69$48,222,165$29,274,393$25,166,282$48,687,141
70$53,061,232$30,629,245$25,929,759$53,259,063
71$58,391,377$32,047,977$26,716,305$58,282,927
72$64,262,610$33,533,641$27,526,614$63,804,276
73$70,730,042$35,089,435$28,361,401$69,873,279
74$77,854,399$36,718,711$29,221,402$76,545,197
75$85,702,604$38,424,983$30,107,374$83,880,905
76$94,348,397$40,211,935$31,020,099$91,947,459
77$103,873,041$42,083,427$31,960,380$100,818,731
78$114,366,083$44,043,507$32,929,045$110,576,100
79$125,926,203$46,096,419$33,926,947$121,309,214
80$138,662,141$48,246,608$34,954,965$133,116,839
81$152,693,725$50,498,738$36,014,002$146,107,781
82$168,153,005$52,857,695$37,104,991$160,401,913
83$185,185,493$55,328,604$38,228,890$176,131,300
84$203,951,543$57,916,835$39,386,687$193,441,442
85$224,627,859$60,628,019$40,579,400$212,492,644
86$247,409,167$63,468,059$41,808,077$233,461,523
87$272,510,051$66,443,143$43,073,796$256,542,669
88$300,166,977$69,559,757$44,377,669$281,950,480
89$330,640,528$72,824,705$45,720,840$309,921,177
90$364,217,862$76,245,115$47,104,488$340,715,031
91$401,215,421$79,828,463$48,529,826$374,618,812
92$441,981,923$83,582,587$49,998,104$411,948,491
93$486,901,647$87,515,702$51,510,609$453,052,213
94$536,398,067$91,636,423$53,068,666$498,313,584
95$590,937,844$95,953,782$54,673,640$548,155,277
96$651,035,234$100,477,247$56,326,937$603,043,020
97$717,256,943$105,216,747$58,030,004$663,489,983
98$790,227,473$110,182,689$59,784,331$730,061,614
99$870,635,022$115,385,988$61,591,454$803,380,969
100$959,237,979$120,838,086$63,452,952$884,134,585