Can I retire at age 60 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,454,647
2 years$768,558$754,244$740,372$726,922$713,875$669,419
3 years$507,282$492,907$479,070$465,746$452,912$409,883
4 years$376,670$362,339$348,640$335,544$323,021$281,750
5 years$298,323$284,078$270,559$257,730$245,555$206,155
6 years$246,109$231,971$218,652$206,108$194,299$156,805
7 years$208,828$194,809$181,701$169,453$158,017$122,428
8 years$180,880$166,987$154,097$142,150$131,091$97,384
9 years$159,154$145,392$132,723$121,080$110,397$78,539
10 years$141,783$128,156$115,711$104,372$94,064$64,009
11 years$127,580$114,090$101,870$90,835$80,898$52,596
12 years$115,753$102,401$90,407$79,675$70,105$43,498
13 years$105,753$92,541$80,773$70,341$61,133$36,161
14 years$97,189$84,117$72,575$62,441$53,589$30,188
15 years$89,773$76,842$65,525$55,686$47,184$25,288
16 years$83,291$70,501$59,408$49,861$41,701$21,244
17 years$77,577$64,929$54,059$44,800$36,975$17,888
18 years$72,504$59,997$49,349$40,373$32,876$15,092
19 years$67,971$55,605$45,177$36,481$29,303$12,753
20 years$63,895$51,671$41,461$33,040$26,174$10,791
21 years$60,213$48,129$38,136$29,986$23,423$9,142
22 years$56,870$44,927$35,148$27,264$20,996$7,752
23 years$53,822$42,019$32,453$24,830$18,847$6,579
24 years$51,032$39,369$30,014$22,647$16,940$5,587
25 years$48,469$36,946$27,799$20,682$15,243$4,748
26 years$46,108$34,723$25,782$18,911$13,731$4,036
27 years$43,925$32,679$23,941$17,309$12,379$3,433
28 years$41,901$30,793$22,256$15,859$11,170$2,921
29 years$40,021$29,050$20,711$14,543$10,086$2,486
30 years$38,269$27,434$19,292$13,347$9,114$2,116
31 years$36,633$25,935$17,985$12,258$8,240$1,802
32 years$35,103$24,539$16,780$11,266$7,453$1,534
33 years$33,668$23,239$15,668$10,360$6,745$1,307
34 years$32,321$22,026$14,639$9,532$6,107$1,113
35 years$31,053$20,891$13,687$8,775$5,531$948
36 years$29,859$19,828$12,804$8,081$5,012$808
37 years$28,732$18,833$11,984$7,446$4,542$689
38 years$27,666$17,898$11,222$6,863$4,118$587
39 years$26,658$17,019$10,514$6,328$3,734$500
40 years$25,703$16,192$9,855$5,837$3,387$426
41 years$24,796$15,413$9,241$5,385$3,073$363
42 years$23,935$14,679$8,668$4,970$2,788$310
43 years$23,116$13,986$8,134$4,588$2,531$264
44 years$22,337$13,332$7,635$4,236$2,297$225
45 years$21,594$12,713$7,169$3,912$2,085$192
46 years$20,886$12,128$6,733$3,614$1,893$163
47 years$20,210$11,574$6,326$3,338$1,719$139
48 years$19,564$11,049$5,945$3,085$1,561$119
49 years$18,946$10,551$5,588$2,851$1,418$101
50 years$18,355$10,079$5,253$2,635$1,288$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,800,000, adding $6,044 every year, while hoping to spend $34,703 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: 50/23/27 Blend
59$18,800,000$18,800,000$18,800,000$18,800,000
60$20,723,834$19,727,434$19,436,034$21,601,554
61$22,800,742$20,657,155$20,050,218$23,144,707
62$25,088,331$21,631,269$20,683,813$24,817,077
63$27,608,054$22,651,914$21,337,434$26,634,171
64$30,383,551$23,721,334$22,011,714$28,609,732
65$33,440,873$24,841,879$22,707,306$30,758,862
66$36,808,725$26,016,014$23,424,884$33,098,162
67$40,518,739$27,246,323$24,165,142$35,645,879
68$44,605,774$28,535,516$24,928,798$38,422,073
69$49,108,241$29,886,435$25,716,591$41,448,802
70$54,068,470$31,302,058$26,529,284$44,750,319
71$59,533,104$32,785,509$27,367,666$48,353,301
72$65,553,544$34,340,063$28,232,547$52,287,085
73$72,186,434$35,969,154$29,124,765$56,583,944
74$79,494,191$37,676,384$30,045,185$61,279,380
75$87,545,599$39,465,526$30,994,699$66,412,453
76$96,416,454$41,340,542$31,974,226$72,026,140
77$106,190,285$43,305,581$32,984,715$78,167,729
78$116,959,136$45,364,996$34,027,145$84,889,263
79$128,824,439$47,523,352$35,102,526$92,248,012
80$141,897,971$49,785,436$36,211,899$100,307,010
81$156,302,906$52,156,264$37,356,340$109,135,639
82$172,174,982$54,641,100$38,536,957$118,810,269
83$189,663,779$57,245,463$39,754,894$129,414,969
84$208,934,132$59,975,138$41,011,330$141,042,289
85$230,167,687$62,836,194$42,307,483$153,794,119
86$253,564,617$65,834,993$43,644,610$167,782,640
87$279,345,508$68,978,207$45,024,004$183,131,368
88$307,753,444$72,272,834$46,447,003$199,976,302
89$339,056,303$75,726,211$47,914,986$218,467,198
90$373,549,282$79,346,032$49,429,374$238,768,964
91$411,557,686$83,140,364$50,991,635$261,063,198
92$453,439,998$87,117,670$52,603,282$285,549,889
93$499,591,264$91,286,822$54,265,878$312,449,284
94$550,446,821$95,657,124$55,981,033$342,003,948
95$606,486,408$100,238,334$57,750,409$374,481,035
96$668,238,694$105,040,685$59,575,720$410,174,790
97$736,286,270$110,074,908$61,458,736$449,409,303
98$811,271,146$115,352,255$63,401,280$492,541,546
99$893,900,815$120,884,528$65,405,236$539,964,720
100$984,954,931$126,684,103$67,472,544$592,111,943