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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,464,741
2 years$772,646$758,256$744,310$730,788$717,673$675,307
3 years$509,981$495,529$481,618$468,223$455,321$414,288
4 years$378,674$364,266$350,494$337,328$324,739$285,354
5 years$299,910$285,589$271,998$259,101$246,861$209,232
6 years$247,418$233,205$219,815$207,205$195,333$159,494
7 years$209,939$195,845$182,667$170,354$158,858$124,811
8 years$181,842$167,875$154,916$142,906$131,788$99,513
9 years$160,000$146,166$133,429$121,724$110,985$80,451
10 years$142,537$128,838$116,327$104,928$94,564$65,732
11 years$128,259$114,697$102,412$91,318$81,329$54,151
12 years$116,368$102,946$90,888$80,099$70,478$44,902
13 years$106,315$93,033$81,203$70,715$61,458$37,429
14 years$97,706$84,564$72,961$62,773$53,874$31,333
15 years$90,251$77,251$65,874$55,982$47,435$26,322
16 years$83,734$70,876$59,724$50,126$41,923$22,176
17 years$77,990$65,274$54,347$45,038$37,172$18,727
18 years$72,890$60,317$49,612$40,588$33,051$15,847
19 years$68,332$55,901$45,417$36,675$29,459$13,431
20 years$64,235$51,946$41,681$33,216$26,314$11,400
21 years$60,533$48,385$38,339$30,146$23,548$9,688
22 years$57,172$45,166$35,335$27,409$21,107$8,240
23 years$54,108$42,243$32,626$24,962$18,947$7,015
24 years$51,303$39,579$30,173$22,767$17,030$5,977
25 years$48,727$37,143$27,947$20,792$15,324$5,095
26 years$46,353$34,908$25,919$19,011$13,804$4,345
27 years$44,158$32,853$24,068$17,402$12,445$3,708
28 years$42,124$30,957$22,374$15,944$11,230$3,165
29 years$40,233$29,204$20,821$14,621$10,140$2,702
30 years$38,472$27,580$19,394$13,418$9,162$2,308
31 years$36,828$26,073$18,081$12,323$8,283$1,972
32 years$35,289$24,670$16,870$11,326$7,493$1,685
33 years$33,847$23,363$15,751$10,415$6,781$1,440
34 years$32,493$22,143$14,717$9,582$6,140$1,231
35 years$31,218$21,002$13,759$8,821$5,561$1,052
36 years$30,018$19,934$12,872$8,124$5,038$899
37 years$28,884$18,933$12,048$7,485$4,566$769
38 years$27,813$17,993$11,282$6,899$4,140$657
39 years$26,800$17,109$10,570$6,362$3,754$562
40 years$25,839$16,278$9,907$5,868$3,405$481
41 years$24,928$15,495$9,290$5,414$3,089$411
42 years$24,062$14,757$8,714$4,996$2,803$352
43 years$23,239$14,061$8,177$4,612$2,544$301
44 years$22,456$13,403$7,676$4,258$2,309$257
45 years$21,709$12,781$7,207$3,933$2,096$220
46 years$20,997$12,192$6,769$3,633$1,903$188
47 years$20,318$11,635$6,360$3,356$1,728$161
48 years$19,668$11,107$5,976$3,101$1,570$138
49 years$19,047$10,607$5,617$2,866$1,426$118
50 years$18,453$10,132$5,281$2,649$1,295$101

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 $2,246 every year, while hoping to spend $43,026 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: 31/49/20 Blend
59$18,900,000$18,900,000$18,900,000$18,900,000
60$20,830,117$19,828,417$19,535,467$21,345,826
61$22,909,009$20,754,230$20,144,126$22,660,702
62$25,198,507$21,723,966$20,771,732$24,071,110
63$27,720,046$22,739,731$21,418,877$25,588,489
64$30,497,247$23,803,735$22,086,166$27,222,169
65$33,556,141$24,918,292$22,774,226$28,982,363
66$36,925,409$26,085,830$23,483,705$30,880,249
67$40,636,658$27,308,893$24,215,266$32,928,072
68$44,724,718$28,590,150$24,969,599$35,139,242
69$49,227,968$29,932,396$25,747,409$37,528,456
70$54,188,702$31,338,564$26,549,428$40,111,819
71$59,653,524$32,811,729$27,376,409$42,906,988
72$65,673,791$34,355,112$28,229,127$45,933,325
73$72,306,098$35,972,092$29,108,382$49,212,067
74$79,612,807$37,666,212$30,015,000$52,766,508
75$87,662,643$39,441,186$30,949,832$56,622,211
76$96,531,336$41,300,907$31,913,755$60,807,231
77$106,302,339$43,249,459$32,907,673$65,352,362
78$117,067,617$45,291,120$33,932,518$70,291,414
79$128,928,509$47,430,381$34,989,253$75,661,512
80$141,996,692$49,671,944$36,078,868$81,503,432
81$156,395,230$52,020,745$37,202,386$87,861,961
82$172,259,737$54,481,956$38,360,860$94,786,304
83$189,739,659$57,061,000$39,555,377$102,330,529
84$208,999,679$59,763,564$40,787,057$110,554,048
85$230,221,279$62,595,611$42,057,056$119,522,164
86$253,604,446$65,563,393$43,366,564$129,306,655
87$279,369,566$68,673,465$44,716,810$139,986,434
88$307,759,497$71,932,701$46,109,059$151,648,262
89$339,041,870$75,348,307$47,544,617$164,387,539
90$373,511,609$78,927,842$49,024,829$178,309,182
91$411,493,716$82,679,229$50,551,084$193,528,578
92$453,346,341$86,610,778$52,124,812$210,172,645
93$499,464,163$90,731,201$53,747,488$228,380,996
94$550,282,112$95,049,634$55,420,633$248,307,223
95$606,279,479$99,575,658$57,145,816$270,120,310
96$667,984,438$104,319,317$58,924,653$294,006,190
97$735,979,033$109,291,146$60,758,811$320,169,460
98$810,904,672$114,502,191$62,650,009$348,835,271
99$893,468,184$119,964,033$64,600,020$380,251,410
100$984,448,488$125,688,820$66,610,670$414,690,593