Can I retire at age 60 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,445,747
2 years$764,470$750,232$736,434$723,055$710,078$664,711
3 years$504,584$490,285$476,521$463,268$450,503$406,609
4 years$374,667$360,411$346,785$333,759$321,302$279,217
5 years$296,736$282,567$269,120$256,359$244,249$204,087
6 years$244,800$230,737$217,489$205,012$193,266$155,062
7 years$207,717$193,773$180,734$168,552$157,177$120,929
8 years$179,918$166,099$153,277$141,394$130,393$96,079
9 years$158,307$144,619$132,017$120,436$109,810$77,392
10 years$141,029$127,475$115,096$103,817$93,564$62,996
11 years$126,902$113,483$101,328$90,352$80,468$51,696
12 years$115,137$101,856$89,926$79,251$69,732$42,697
13 years$105,190$92,048$80,343$69,967$60,807$35,447
14 years$96,672$83,669$72,189$62,109$53,303$29,551
15 years$89,296$76,434$65,177$55,390$46,933$24,720
16 years$82,848$70,126$59,092$49,596$41,479$20,737
17 years$77,165$64,584$53,772$44,561$36,778$17,435
18 years$72,119$59,678$49,087$40,159$32,702$14,688
19 years$67,609$55,309$44,936$36,287$29,148$12,393
20 years$63,555$51,396$41,240$32,865$26,035$10,471
21 years$59,893$47,873$37,933$29,827$23,299$8,857
22 years$56,567$44,688$34,961$27,119$20,884$7,499
23 years$53,535$41,796$32,281$24,698$18,747$6,354
24 years$50,760$39,160$29,854$22,526$16,850$5,387
25 years$48,211$36,750$27,651$20,572$15,162$4,570
26 years$45,862$34,539$25,645$18,810$13,658$3,879
27 years$43,691$32,505$23,813$17,217$12,314$3,294
28 years$41,678$30,629$22,138$15,775$11,111$2,798
29 years$39,808$28,895$20,601$14,466$10,033$2,377
30 years$38,065$27,288$19,189$13,276$9,065$2,020
31 years$36,438$25,797$17,889$12,193$8,196$1,717
32 years$34,916$24,409$16,691$11,206$7,414$1,460
33 years$33,489$23,116$15,585$10,305$6,709$1,242
34 years$32,149$21,908$14,561$9,481$6,075$1,056
35 years$30,888$20,780$13,614$8,728$5,502$898
36 years$29,700$19,723$12,735$8,038$4,985$764
37 years$28,579$18,732$11,920$7,406$4,518$650
38 years$27,519$17,802$11,163$6,826$4,096$553
39 years$26,516$16,928$10,458$6,294$3,714$470
40 years$25,566$16,106$9,802$5,806$3,369$400
41 years$24,664$15,331$9,192$5,356$3,057$341
42 years$23,808$14,601$8,622$4,943$2,774$290
43 years$22,993$13,912$8,091$4,563$2,517$247
44 years$22,218$13,261$7,594$4,213$2,285$210
45 years$21,480$12,645$7,131$3,891$2,074$179
46 years$20,775$12,063$6,698$3,594$1,883$152
47 years$20,103$11,512$6,292$3,321$1,710$129
48 years$19,460$10,990$5,913$3,068$1,553$110
49 years$18,846$10,495$5,558$2,836$1,410$94
50 years$18,258$10,025$5,225$2,621$1,281$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,700,000, adding $6,113 every year, while hoping to spend $47,898 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: 45/29/26 Blend
59$18,700,000$18,700,000$18,700,000$18,700,000
60$20,613,706$19,622,606$19,332,756$21,386,200
61$22,665,340$20,533,150$19,929,440$22,844,879
62$24,924,637$21,486,706$20,544,508$24,420,731
63$27,412,725$22,485,330$21,178,524$26,128,846
64$30,152,891$23,531,179$21,832,072$27,981,584
65$33,170,791$24,626,513$22,505,753$29,992,518
66$36,494,701$25,773,700$23,200,184$32,176,556
67$40,155,774$26,975,225$23,916,003$34,550,075
68$44,188,343$28,233,691$24,653,870$37,131,069
69$48,630,239$29,551,828$25,414,460$39,939,311
70$53,523,152$30,932,495$26,198,472$42,996,533
71$58,913,019$32,378,693$27,006,627$46,326,622
72$64,850,464$33,893,566$27,839,666$49,955,836
73$71,391,270$35,480,410$28,698,353$53,913,049
74$78,596,909$37,142,679$29,583,478$58,230,007
75$86,535,121$38,883,998$30,495,851$62,941,622
76$95,280,552$40,708,162$31,436,311$68,086,292
77$104,915,461$42,619,155$32,405,720$73,706,252
78$115,530,494$44,621,150$33,404,968$79,847,963
79$127,225,540$46,718,522$34,434,970$86,562,537
80$140,110,676$48,915,860$35,496,672$93,906,211
81$154,307,201$51,217,974$36,591,048$101,940,863
82$169,948,788$53,629,906$37,719,099$110,734,584
83$187,182,736$56,156,944$38,881,862$120,362,307
84$206,171,372$58,804,631$40,080,400$130,906,502
85$227,093,572$61,578,778$41,315,814$142,457,938
86$250,146,458$64,485,479$42,589,235$155,116,525
87$275,547,252$67,531,123$43,901,830$168,992,241
88$303,535,331$70,722,407$45,254,801$184,206,154
89$334,374,486$74,066,356$46,649,387$200,891,549
90$368,355,408$77,570,333$48,086,867$219,195,161
91$405,798,439$81,242,058$49,568,556$239,278,552
92$447,056,588$85,089,628$51,095,811$261,319,606
93$492,518,870$89,121,530$52,670,031$285,514,194
94$542,613,974$93,346,664$54,292,656$312,077,998
95$597,814,311$97,774,362$55,965,172$341,248,524
96$658,640,474$102,414,409$57,689,108$373,287,324
97$725,666,153$107,277,065$59,466,044$408,482,434
98$799,523,548$112,373,089$61,297,604$447,151,073
99$880,909,340$117,713,760$63,185,463$489,642,608
100$970,591,266$123,310,908$65,131,350$536,341,821