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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,452,896
2 years$768,558$754,244$740,372$726,922$713,875$667,691
3 years$507,282$492,907$479,070$465,746$452,912$408,234
4 years$376,670$362,339$348,640$335,544$323,021$280,192
5 years$298,323$284,078$270,559$257,730$245,555$204,691
6 years$246,109$231,971$218,652$206,108$194,299$155,436
7 years$208,828$194,809$181,701$169,453$158,017$121,152
8 years$180,880$166,987$154,097$142,150$131,091$96,199
9 years$159,154$145,392$132,723$121,080$110,397$77,442
10 years$141,783$128,156$115,711$104,372$94,064$62,997
11 years$127,580$114,090$101,870$90,835$80,898$51,664
12 years$115,753$102,401$90,407$79,675$70,105$42,642
13 years$105,753$92,541$80,773$70,341$61,133$35,378
14 years$97,189$84,117$72,575$62,441$53,589$29,473
15 years$89,773$76,842$65,525$55,686$47,184$24,637
16 years$83,291$70,501$59,408$49,861$41,701$20,652
17 years$77,577$64,929$54,059$44,800$36,975$17,351
18 years$72,504$59,997$49,349$40,373$32,876$14,606
19 years$67,971$55,605$45,177$36,481$29,303$12,315
20 years$63,895$51,671$41,461$33,040$26,174$10,397
21 years$60,213$48,129$38,136$29,986$23,423$8,788
22 years$56,870$44,927$35,148$27,264$20,996$7,434
23 years$53,822$42,019$32,453$24,830$18,847$6,294
24 years$51,032$39,369$30,014$22,647$16,940$5,333
25 years$48,469$36,946$27,799$20,682$15,243$4,520
26 years$46,108$34,723$25,782$18,911$13,731$3,834
27 years$43,925$32,679$23,941$17,309$12,379$3,253
28 years$41,901$30,793$22,256$15,859$11,170$2,761
29 years$40,021$29,050$20,711$14,543$10,086$2,344
30 years$38,269$27,434$19,292$13,347$9,114$1,990
31 years$36,633$25,935$17,985$12,258$8,240$1,690
32 years$35,103$24,539$16,780$11,266$7,453$1,436
33 years$33,668$23,239$15,668$10,360$6,745$1,220
34 years$32,321$22,026$14,639$9,532$6,107$1,037
35 years$31,053$20,891$13,687$8,775$5,531$881
36 years$29,859$19,828$12,804$8,081$5,012$749
37 years$28,732$18,833$11,984$7,446$4,542$636
38 years$27,666$17,898$11,222$6,863$4,118$541
39 years$26,658$17,019$10,514$6,328$3,734$460
40 years$25,703$16,192$9,855$5,837$3,387$391
41 years$24,796$15,413$9,241$5,385$3,073$332
42 years$23,935$14,679$8,668$4,970$2,788$283
43 years$23,116$13,986$8,134$4,588$2,531$240
44 years$22,337$13,332$7,635$4,236$2,297$204
45 years$21,594$12,713$7,169$3,912$2,085$174
46 years$20,886$12,128$6,733$3,614$1,893$148
47 years$20,210$11,574$6,326$3,338$1,719$126
48 years$19,564$11,049$5,945$3,085$1,561$107
49 years$18,946$10,551$5,588$2,851$1,418$91
50 years$18,355$10,079$5,253$2,635$1,288$77

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 $6,522 every year, while hoping to spend $46,144 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: 72/22/6 Blend
59$18,800,000$18,800,000$18,800,000$18,800,000
60$20,724,327$19,727,927$19,436,527$22,201,000
61$22,789,112$20,645,499$20,038,554$24,093,186
62$25,062,958$21,606,485$20,659,202$26,157,742
63$27,567,141$22,612,964$21,299,047$28,416,751
64$30,325,105$23,667,115$21,958,681$30,889,353
65$33,362,684$24,771,222$22,638,715$33,596,611
66$36,708,346$25,927,680$23,339,780$36,561,703
67$40,393,459$27,138,998$24,062,524$39,810,140
68$44,452,590$28,407,808$24,807,617$43,369,998
69$48,923,832$29,736,867$25,575,750$47,272,177
70$53,849,158$31,129,069$26,367,633$51,550,696
71$59,274,823$32,587,444$27,183,999$56,242,999
72$65,251,796$34,115,171$28,025,605$61,390,307
73$71,836,246$35,715,581$28,893,229$67,038,004
74$79,090,066$37,392,167$29,787,675$73,236,056
75$87,081,461$39,148,591$30,709,770$80,039,474
76$95,885,590$40,988,692$31,660,368$87,508,834
77$105,585,279$42,916,496$32,640,348$95,710,834
78$116,271,795$44,936,222$33,650,618$104,718,922
79$128,045,715$47,052,295$34,692,111$114,613,977
80$141,017,873$49,269,352$35,765,791$125,485,071
81$155,310,403$51,592,257$36,872,652$137,430,292
82$171,057,895$54,026,109$38,013,717$150,557,672
83$188,408,665$56,576,253$39,190,041$164,986,189
84$207,526,154$59,248,294$40,402,713$180,846,885
85$228,590,470$62,048,109$41,652,852$198,284,091
86$251,800,092$64,981,860$42,941,616$217,456,781
87$277,373,736$68,056,006$44,270,196$238,540,060
88$305,552,429$71,277,322$45,639,819$261,726,805
89$336,601,775$74,652,909$47,051,751$287,229,479
90$370,814,468$78,190,214$48,507,297$315,282,114
91$408,513,055$81,897,046$50,007,803$346,142,517
92$450,052,976$85,781,591$51,554,654$380,094,686
93$495,825,925$89,852,434$53,149,279$417,451,475
94$546,263,542$94,118,575$54,793,153$458,557,534
95$601,841,491$98,589,454$56,487,792$503,792,548
96$663,083,953$103,274,967$58,234,762$553,574,801
97$730,568,566$108,185,490$60,035,677$608,365,113
98$804,931,887$113,331,906$61,892,199$668,671,166
99$886,875,394$118,725,624$63,806,042$735,052,282
100$977,172,113$124,378,608$65,778,973$808,124,681