Can I retire at age 60 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,477,287
2 years$772,646$758,256$744,310$730,788$717,673$687,750
3 years$509,981$495,529$481,618$468,223$455,321$426,234
4 years$378,674$364,266$350,494$337,328$324,739$296,712
5 years$299,910$285,589$271,998$259,101$246,861$219,974
6 years$247,418$233,205$219,815$207,205$195,333$169,615
7 years$209,939$195,845$182,667$170,354$158,858$134,315
8 years$181,842$167,875$154,916$142,906$131,788$108,413
9 years$160,000$146,166$133,429$121,724$110,985$88,762
10 years$142,537$128,838$116,327$104,928$94,564$73,473
11 years$128,259$114,697$102,412$91,318$81,329$61,344
12 years$116,368$102,946$90,888$80,099$70,478$51,570
13 years$106,315$93,033$81,203$70,715$61,458$43,596
14 years$97,706$84,564$72,961$62,773$53,874$37,024
15 years$90,251$77,251$65,874$55,982$47,435$31,562
16 years$83,734$70,876$59,724$50,126$41,923$26,990
17 years$77,990$65,274$54,347$45,038$37,172$23,142
18 years$72,890$60,317$49,612$40,588$33,051$19,888
19 years$68,332$55,901$45,417$36,675$29,459$17,123
20 years$64,235$51,946$41,681$33,216$26,314$14,766
21 years$60,533$48,385$38,339$30,146$23,548$12,752
22 years$57,172$45,166$35,335$27,409$21,107$11,025
23 years$54,108$42,243$32,626$24,962$18,947$9,541
24 years$51,303$39,579$30,173$22,767$17,030$8,265
25 years$48,727$37,143$27,947$20,792$15,324$7,164
26 years$46,353$34,908$25,919$19,011$13,804$6,215
27 years$44,158$32,853$24,068$17,402$12,445$5,394
28 years$42,124$30,957$22,374$15,944$11,230$4,683
29 years$40,233$29,204$20,821$14,621$10,140$4,068
30 years$38,472$27,580$19,394$13,418$9,162$3,535
31 years$36,828$26,073$18,081$12,323$8,283$3,073
32 years$35,289$24,670$16,870$11,326$7,493$2,672
33 years$33,847$23,363$15,751$10,415$6,781$2,324
34 years$32,493$22,143$14,717$9,582$6,140$2,022
35 years$31,218$21,002$13,759$8,821$5,561$1,759
36 years$30,018$19,934$12,872$8,124$5,038$1,531
37 years$28,884$18,933$12,048$7,485$4,566$1,332
38 years$27,813$17,993$11,282$6,899$4,140$1,159
39 years$26,800$17,109$10,570$6,362$3,754$1,009
40 years$25,839$16,278$9,907$5,868$3,405$879
41 years$24,928$15,495$9,290$5,414$3,089$765
42 years$24,062$14,757$8,714$4,996$2,803$666
43 years$23,239$14,061$8,177$4,612$2,544$580
44 years$22,456$13,403$7,676$4,258$2,309$505
45 years$21,709$12,781$7,207$3,933$2,096$440
46 years$20,997$12,192$6,769$3,633$1,903$383
47 years$20,318$11,635$6,360$3,356$1,728$334
48 years$19,668$11,107$5,976$3,101$1,570$290
49 years$19,047$10,607$5,617$2,866$1,426$253
50 years$18,453$10,132$5,281$2,649$1,295$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,900,000, adding $4,036 every year, while hoping to spend $26,792 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: 53/33/14 Blend
59$18,900,000$18,900,000$18,900,000$18,900,000
60$20,831,963$19,830,263$19,537,313$21,858,301
61$22,928,317$20,773,440$20,163,307$23,502,219
62$25,237,601$21,761,934$20,809,373$25,286,713
63$27,781,505$22,797,938$21,476,156$27,227,686
64$30,583,933$23,883,751$22,164,321$29,339,989
65$33,671,222$25,021,783$22,874,555$31,639,942
66$37,072,399$26,214,562$23,607,564$34,145,473
67$40,819,447$27,464,739$24,364,081$36,876,286
68$44,947,612$28,775,093$25,144,859$39,854,039
69$49,495,735$30,148,538$25,950,678$43,102,539
70$54,506,615$31,588,132$26,782,341$46,647,957
71$60,027,417$33,097,078$27,640,677$50,519,071
72$66,110,118$34,678,739$28,526,543$54,747,524
73$72,811,990$36,336,637$29,440,823$59,368,116
74$80,196,151$38,074,470$30,384,429$64,419,123
75$88,332,152$39,896,113$31,358,301$69,942,644
76$97,296,639$41,805,631$32,363,412$75,984,993
77$107,174,075$43,807,284$33,400,764$82,597,122
78$118,057,533$45,905,544$34,471,392$89,835,089
79$130,049,583$48,105,098$35,576,366$97,760,578
80$143,263,253$50,410,860$36,716,786$106,441,465
81$157,823,098$52,827,985$37,893,792$115,952,446
82$173,866,378$55,361,881$39,108,558$126,375,733
83$191,544,350$58,018,214$40,362,296$137,801,805
84$211,023,699$60,802,932$41,656,258$150,330,255
85$232,488,109$63,722,268$42,991,736$164,070,713
86$256,139,998$66,782,762$44,370,061$179,143,858
87$282,202,431$69,991,269$45,792,611$195,682,546
88$310,921,220$73,354,983$47,260,804$213,833,042
89$342,567,251$76,881,444$48,776,108$233,756,383
90$377,439,038$80,578,562$50,340,035$255,629,875
91$415,865,539$84,454,631$51,954,145$279,648,747
92$458,209,267$88,518,350$53,620,052$306,027,973
93$504,869,707$92,778,844$55,339,418$335,004,275
94$556,287,088$97,245,679$57,113,960$366,838,336
95$612,946,544$101,928,890$58,945,451$401,817,230
96$675,382,687$106,839,001$60,835,719$440,257,113
97$744,184,658$111,987,048$62,786,652$482,506,171
98$820,001,687$117,384,608$64,800,199$528,947,884
99$903,549,224$123,043,819$66,878,370$580,004,610
100$995,615,692$128,977,413$69,023,243$636,141,544