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

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,465,264
2 years$760,381$746,220$732,495$719,188$706,281$688,240
3 years$501,886$487,663$473,973$460,791$448,094$430,499
4 years$372,663$358,484$344,931$331,974$319,584$302,571
5 years$295,150$281,056$267,681$254,988$242,943$226,561
6 years$243,491$229,503$216,326$203,916$192,232$176,501
7 years$206,606$192,736$179,768$167,650$156,336$141,262
8 years$178,956$165,211$152,457$140,638$129,696$115,278
9 years$157,461$143,846$131,311$119,792$109,223$95,454
10 years$140,275$126,793$114,480$103,262$93,063$79,935
11 years$126,223$112,876$100,787$89,869$80,038$67,538
12 years$114,521$101,312$89,446$78,827$69,359$57,475
13 years$104,628$91,556$79,914$69,593$60,482$49,199
14 years$96,155$83,222$71,803$61,776$53,018$42,319
15 years$88,818$76,025$64,828$55,094$46,682$36,548
16 years$82,405$69,751$58,776$49,330$41,257$31,673
17 years$76,752$64,238$53,484$44,323$36,582$27,527
18 years$71,733$59,359$48,824$39,944$32,527$23,982
19 years$67,248$55,013$44,696$36,093$28,992$20,939
20 years$63,216$51,121$41,020$32,689$25,896$18,314
21 years$59,572$47,617$37,730$29,667$23,174$16,044
22 years$56,265$44,449$34,774$26,974$20,772$14,074
23 years$53,249$41,572$32,108$24,566$18,646$12,361
24 years$50,489$38,951$29,694$22,406$16,760$10,867
25 years$47,954$36,553$27,503$20,462$15,081$9,563
26 years$45,617$34,354$25,508$18,710$13,585$8,422
27 years$43,457$32,331$23,686$17,125$12,248$7,422
28 years$41,455$30,466$22,019$15,690$11,051$6,544
29 years$39,595$28,741$20,491$14,388$9,979$5,774
30 years$37,862$27,143$19,086$13,205$9,017$5,096
31 years$36,243$25,659$17,794$12,128$8,152$4,500
32 years$34,729$24,278$16,602$11,146$7,374$3,975
33 years$33,310$22,992$15,501$10,249$6,673$3,512
34 years$31,977$21,791$14,483$9,430$6,042$3,104
35 years$30,723$20,669$13,541$8,681$5,473$2,745
36 years$29,541$19,618$12,667$7,995$4,958$2,427
37 years$28,426$18,632$11,856$7,366$4,494$2,147
38 years$27,372$17,707$11,103$6,790$4,074$1,899
39 years$26,374$16,838$10,402$6,261$3,695$1,680
40 years$25,429$16,020$9,750$5,774$3,351$1,486
41 years$24,532$15,249$9,142$5,328$3,040$1,315
42 years$23,681$14,523$8,576$4,917$2,759$1,164
43 years$22,871$13,837$8,047$4,539$2,504$1,030
44 years$22,099$13,190$7,554$4,191$2,273$912
45 years$21,365$12,578$7,093$3,870$2,063$807
46 years$20,664$11,999$6,662$3,575$1,873$715
47 years$19,995$11,450$6,259$3,303$1,701$633
48 years$19,356$10,931$5,881$3,052$1,545$560
49 years$18,745$10,439$5,528$2,821$1,403$496
50 years$18,160$9,971$5,197$2,607$1,274$439

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 $6,480 every year, while hoping to spend $53,427 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: 65/9/26 Blend
59$18,600,000$18,600,000$18,600,000$18,600,000
60$20,503,884$19,518,084$19,229,784$21,696,339
61$22,538,434$20,417,624$19,817,136$23,401,486
62$24,778,718$21,359,451$20,422,373$25,257,894
63$27,245,664$22,345,581$21,046,039$27,285,800
64$29,962,333$23,378,125$21,688,693$29,502,071
65$32,954,136$24,459,300$22,350,910$31,925,274
66$36,249,077$25,591,424$23,033,284$34,575,846
67$39,878,011$26,776,931$23,736,427$37,476,283
68$43,874,939$28,018,372$24,460,968$40,651,349
69$48,277,329$29,318,418$25,207,557$44,128,311
70$53,126,467$30,679,872$25,976,861$47,937,186
71$58,467,851$32,105,670$26,769,570$52,111,025
72$64,351,614$33,598,890$27,586,392$56,686,222
73$70,833,002$35,162,759$28,428,060$61,702,850
74$77,972,894$36,800,659$29,295,326$67,205,038
75$85,838,374$38,516,137$30,188,965$73,241,382
76$94,503,370$40,312,910$31,109,777$79,865,403
77$104,049,344$42,194,872$32,058,584$87,136,040
78$114,566,066$44,166,110$33,036,236$95,118,211
79$126,152,460$46,230,904$34,043,605$103,883,414
80$138,917,536$48,393,745$35,081,591$113,510,398
81$152,981,423$50,659,336$36,151,122$124,085,904
82$168,476,496$53,032,611$37,253,153$135,705,477
83$185,548,633$55,518,743$38,388,667$148,474,361
84$204,358,584$58,123,153$39,558,679$162,508,487
85$225,083,497$60,851,524$40,764,231$177,935,561
86$247,918,581$63,709,816$42,006,400$194,896,266
87$273,078,955$66,704,276$43,286,294$213,545,578
88$300,801,677$69,841,454$44,605,054$234,054,227
89$331,347,980$73,128,217$45,963,855$256,610,299
90$365,005,738$76,571,764$47,363,908$281,421,004
91$402,092,186$80,179,643$48,806,462$308,714,625
92$442,956,911$83,959,768$50,292,801$338,742,664
93$487,985,156$87,920,436$51,824,249$371,782,209
94$537,601,450$92,070,346$53,402,169$408,138,540
95$592,273,623$96,418,618$55,027,967$448,148,002
96$652,517,217$100,974,815$56,703,089$492,181,170
97$718,900,357$105,748,964$58,429,026$540,646,337
98$792,049,107$110,751,578$60,207,312$593,993,362
99$872,653,390$115,993,678$62,039,531$652,717,899
100$961,473,490$121,486,823$63,927,309$717,366,072