Can I retire at age 60 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,456,124
2 years$776,734$762,268$748,248$734,655$721,470$662,778
3 years$512,679$498,150$484,166$470,701$457,730$401,157
4 years$380,677$366,193$352,349$339,113$326,457$272,433
5 years$301,497$287,100$273,437$260,471$248,167$196,831
6 years$248,727$234,439$220,978$208,301$196,366$147,752
7 years$211,050$196,881$183,634$171,256$159,698$113,789
8 years$182,804$168,764$155,736$143,662$132,485$89,236
9 years$160,847$146,939$134,135$122,368$111,572$70,919
10 years$143,292$129,520$116,942$105,483$95,065$56,931
11 years$128,937$115,304$102,954$91,802$81,759$46,057
12 years$116,984$103,490$91,369$80,522$70,850$37,486
13 years$106,878$93,525$81,632$71,089$61,783$30,658
14 years$98,223$85,012$73,347$63,105$54,159$25,169
15 years$90,728$77,660$66,222$56,279$47,686$20,728
16 years$84,177$71,251$60,040$50,391$42,145$17,113
17 years$78,403$65,620$54,634$45,276$37,368$14,157
18 years$73,276$60,636$49,874$40,803$33,226$11,732
19 years$68,694$56,197$45,657$36,869$29,615$9,736
20 years$64,575$52,221$41,902$33,392$26,453$8,088
21 years$60,853$48,641$38,542$30,305$23,672$6,726
22 years$57,475$45,405$35,522$27,554$21,219$5,597
23 years$54,394$42,466$32,798$25,094$19,047$4,661
24 years$51,575$39,788$30,333$22,888$17,120$3,884
25 years$48,985$37,339$28,094$20,902$15,406$3,237
26 years$46,598$35,093$26,056$19,112$13,877$2,700
27 years$44,392$33,026$24,195$17,494$12,511$2,252
28 years$42,347$31,121$22,493$16,028$11,289$1,879
29 years$40,446$29,359$20,931$14,698$10,194$1,568
30 years$38,676$27,726$19,497$13,489$9,211$1,309
31 years$37,023$26,211$18,176$12,389$8,327$1,092
32 years$35,476$24,800$16,959$11,385$7,533$912
33 years$34,026$23,486$15,835$10,470$6,817$762
34 years$32,665$22,260$14,795$9,633$6,172$636
35 years$31,384$21,113$13,832$8,868$5,590$531
36 years$30,176$20,039$12,940$8,167$5,065$444
37 years$29,037$19,033$12,111$7,525$4,591$370
38 years$27,961$18,088$11,342$6,936$4,162$309
39 years$26,942$17,200$10,626$6,395$3,774$258
40 years$25,976$16,364$9,960$5,899$3,423$216
41 years$25,060$15,577$9,339$5,442$3,106$180
42 years$24,190$14,835$8,760$5,023$2,818$151
43 years$23,362$14,135$8,220$4,636$2,558$126
44 years$22,575$13,474$7,716$4,281$2,321$105
45 years$21,824$12,848$7,245$3,954$2,107$88
46 years$21,108$12,257$6,805$3,652$1,913$73
47 years$20,425$11,697$6,393$3,374$1,738$61
48 years$19,772$11,166$6,008$3,118$1,578$51
49 years$19,148$10,663$5,647$2,881$1,433$43
50 years$18,551$10,186$5,309$2,663$1,302$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,000,000, adding $4,243 every year, while hoping to spend $52,506 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: 70/15/15 Blend
59$19,000,000$19,000,000$19,000,000$19,000,000
60$20,942,377$19,935,377$19,640,877$22,336,241
61$23,022,633$20,856,344$20,242,980$24,184,253
62$25,313,316$21,820,679$20,863,494$26,199,367
63$27,835,833$22,830,452$21,502,980$28,403,412
64$30,613,775$23,887,830$22,162,017$30,815,019
65$33,673,135$24,995,089$22,841,200$33,454,689
66$37,042,558$26,154,612$23,541,143$36,344,988
67$40,753,607$27,368,896$24,262,479$39,510,756
68$44,841,063$28,640,560$25,005,861$42,979,337
69$49,343,254$29,972,349$25,771,959$46,780,831
70$54,302,412$31,367,141$26,561,466$50,948,379
71$59,765,078$32,827,951$27,375,095$55,518,466
72$65,782,537$34,357,942$28,213,582$60,531,265
73$72,411,301$35,960,426$29,077,682$66,031,009
74$79,713,646$37,638,879$29,968,176$72,066,405
75$87,758,196$39,396,942$30,885,869$78,691,088
76$96,620,574$41,238,434$31,831,587$85,964,123
77$106,384,112$43,167,357$32,806,185$93,950,554
78$117,140,641$45,187,907$33,810,541$102,722,016
79$128,991,354$47,304,482$34,845,562$112,357,403
80$142,047,764$49,521,694$35,912,181$122,943,606
81$156,432,756$51,844,377$37,011,359$134,576,329
82$172,281,745$54,277,599$38,144,087$147,360,982
83$189,743,955$56,826,674$39,311,386$161,413,671
84$208,983,830$59,497,172$40,514,309$176,862,288
85$230,182,580$62,294,933$41,753,938$193,847,706
86$253,539,898$65,226,080$43,031,390$212,525,105
87$279,275,842$68,297,032$44,347,815$233,065,425
88$307,632,910$71,514,519$45,704,400$255,656,974
89$338,878,334$74,885,597$47,102,364$280,507,193
90$373,306,597$78,417,665$48,542,966$307,844,607
91$411,242,218$82,118,478$50,027,503$337,920,970
92$453,042,809$85,996,169$51,557,310$371,013,633
93$499,102,459$90,059,264$53,133,763$407,428,150
94$549,855,445$94,316,703$54,758,279$447,501,149
95$605,780,338$98,777,859$56,432,319$491,603,503
96$667,404,519$103,452,561$58,157,389$540,143,813
97$735,309,156$108,351,113$59,935,037$593,572,254
98$810,134,692$113,484,319$61,766,863$652,384,811
99$892,586,888$118,863,508$63,654,510$717,127,947
100$983,443,489$124,500,559$65,599,675$788,403,748