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

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 $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%19.2%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,459,010
2 years$776,734$762,268$748,248$734,655$721,470$665,607
3 years$512,679$498,150$484,166$470,701$457,730$403,837
4 years$380,677$366,193$352,349$339,113$326,457$274,946
5 years$301,497$287,100$273,437$260,471$248,167$199,172
6 years$248,727$234,439$220,978$208,301$196,366$149,921
7 years$211,050$196,881$183,634$171,256$159,698$115,791
8 years$182,804$168,764$155,736$143,662$132,485$91,076
9 years$160,847$146,939$134,135$122,368$111,572$72,604
10 years$143,292$129,520$116,942$105,483$95,065$58,469
11 years$128,937$115,304$102,954$91,802$81,759$47,455
12 years$116,984$103,490$91,369$80,522$70,850$38,754
13 years$106,878$93,525$81,632$71,089$61,783$31,803
14 years$98,223$85,012$73,347$63,105$54,159$26,201
15 years$90,728$77,660$66,222$56,279$47,686$21,655
16 years$84,177$71,251$60,040$50,391$42,145$17,943
17 years$78,403$65,620$54,634$45,276$37,368$14,899
18 years$73,276$60,636$49,874$40,803$33,226$12,393
19 years$68,694$56,197$45,657$36,869$29,615$10,324
20 years$64,575$52,221$41,902$33,392$26,453$8,610
21 years$60,853$48,641$38,542$30,305$23,672$7,187
22 years$57,475$45,405$35,522$27,554$21,219$6,005
23 years$54,394$42,466$32,798$25,094$19,047$5,020
24 years$51,575$39,788$30,333$22,888$17,120$4,199
25 years$48,985$37,339$28,094$20,902$15,406$3,515
26 years$46,598$35,093$26,056$19,112$13,877$2,942
27 years$44,392$33,026$24,195$17,494$12,511$2,464
28 years$42,347$31,121$22,493$16,028$11,289$2,064
29 years$40,446$29,359$20,931$14,698$10,194$1,730
30 years$38,676$27,726$19,497$13,489$9,211$1,450
31 years$37,023$26,211$18,176$12,389$8,327$1,215
32 years$35,476$24,800$16,959$11,385$7,533$1,019
33 years$34,026$23,486$15,835$10,470$6,817$854
34 years$32,665$22,260$14,795$9,633$6,172$716
35 years$31,384$21,113$13,832$8,868$5,590$601
36 years$30,176$20,039$12,940$8,167$5,065$504
37 years$29,037$19,033$12,111$7,525$4,591$422
38 years$27,961$18,088$11,342$6,936$4,162$354
39 years$26,942$17,200$10,626$6,395$3,774$297
40 years$25,976$16,364$9,960$5,899$3,423$249
41 years$25,060$15,577$9,339$5,442$3,106$209
42 years$24,190$14,835$8,760$5,023$2,818$175
43 years$23,362$14,135$8,220$4,636$2,558$147
44 years$22,575$13,474$7,716$4,281$2,321$123
45 years$21,824$12,848$7,245$3,954$2,107$104
46 years$21,108$12,257$6,805$3,652$1,913$87
47 years$20,425$11,697$6,393$3,374$1,738$73
48 years$19,772$11,166$6,008$3,118$1,578$61
49 years$19,148$10,663$5,647$2,881$1,433$51
50 years$18,551$10,186$5,309$2,663$1,302$43

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 $5,729 every year, while hoping to spend $31,467 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: 56/25/19 Blend
59$19,000,000$19,000,000$19,000,000$19,000,000
60$20,943,909$19,936,909$19,642,409$22,009,994
61$23,046,708$20,880,337$20,266,950$23,680,708
62$25,362,936$21,868,939$20,911,357$25,495,979
63$27,914,333$22,904,893$21,576,264$27,472,822
64$30,724,850$23,990,488$22,262,324$29,626,749
65$33,820,881$25,128,119$22,970,209$31,974,807
66$37,231,515$26,320,300$23,700,614$34,535,743
67$40,988,801$27,569,667$24,454,257$37,330,168
68$45,128,060$28,878,982$25,231,876$40,380,749
69$49,688,213$30,251,143$26,034,235$43,712,415
70$54,712,150$31,689,189$26,862,121$47,352,584
71$60,247,135$33,196,304$27,716,347$51,331,421
72$66,345,250$34,775,830$28,597,752$55,682,106
73$73,063,889$36,431,269$29,507,200$60,441,148
74$80,466,299$38,166,295$30,445,585$65,648,716
75$88,622,177$39,984,759$31,413,827$71,349,011
76$97,608,326$41,890,699$32,412,878$77,590,678
77$107,509,383$43,888,351$33,443,717$84,427,251
78$118,418,616$45,982,156$34,507,357$91,917,650
79$130,438,803$48,176,770$35,604,842$100,126,728
80$143,683,207$50,477,077$36,737,250$109,125,875
81$158,276,638$52,888,198$37,905,692$118,993,675
82$174,356,638$55,415,503$39,111,316$129,816,642
83$192,074,776$58,064,624$40,355,306$141,690,020
84$211,598,077$60,841,464$41,638,882$154,718,673
85$233,110,603$63,752,218$42,963,307$169,018,062
86$256,815,186$66,803,378$44,329,879$184,715,316
87$282,935,347$70,001,755$45,739,942$201,950,424
88$311,717,401$73,354,491$47,194,879$220,877,539
89$343,432,789$76,869,074$48,696,121$241,666,414
90$378,380,634$80,553,358$50,245,140$264,503,995
91$416,890,565$84,415,580$51,843,460$289,596,162
92$459,325,836$88,464,376$53,492,649$317,169,659
93$506,086,746$92,708,805$55,194,327$347,474,212
94$557,614,424$97,158,366$56,950,167$380,784,871
95$614,394,990$101,823,021$58,761,892$417,404,581
96$676,964,146$106,713,216$60,631,283$457,667,024
97$745,912,233$111,839,908$62,560,175$501,939,747
98$821,889,805$117,214,587$64,550,465$550,627,602
99$905,613,766$122,849,303$66,604,106$604,176,552
100$997,874,144$128,756,693$68,723,118$663,077,849