Can I retire at age 60 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,498,446
2 years$780,822$766,280$752,186$738,521$725,267$700,536
3 years$515,377$500,772$486,714$473,178$460,139$436,061
4 years$382,681$368,121$354,203$340,898$328,175$304,936
5 years$303,084$288,611$274,876$261,842$249,474$227,140
6 years$250,036$235,673$222,141$209,397$197,400$175,998
7 years$212,160$197,918$184,600$172,157$160,539$140,075
8 years$183,766$169,652$156,556$144,418$133,183$113,653
9 years$161,694$147,712$134,841$123,012$112,159$93,553
10 years$144,046$130,201$117,558$106,038$95,565$77,868
11 years$129,616$115,911$103,496$92,285$82,189$65,382
12 years$117,600$104,035$91,850$80,946$71,223$55,285
13 years$107,440$94,017$82,062$71,463$62,108$47,016
14 years$98,740$85,459$73,733$63,437$54,444$40,171
15 years$91,206$78,068$66,571$56,575$47,936$34,458
16 years$84,620$71,626$60,356$50,657$42,366$29,654
17 years$78,815$65,965$54,922$45,515$37,565$25,591
18 years$73,661$60,955$50,137$41,018$33,401$22,136
19 years$69,055$56,492$45,898$37,063$29,771$19,185
20 years$64,915$52,495$42,123$33,568$26,592$16,657
21 years$61,174$48,897$38,745$30,465$23,797$14,483
22 years$57,777$45,644$35,709$27,700$21,331$12,608
23 years$54,681$42,690$32,971$25,226$19,148$10,989
24 years$51,846$39,998$30,493$23,008$17,210$9,586
25 years$49,243$37,536$28,242$21,012$15,487$8,369
26 years$46,843$35,278$26,193$19,213$13,950$7,312
27 years$44,626$33,200$24,323$17,586$12,577$6,392
28 years$42,570$31,284$22,611$16,112$11,348$5,591
29 years$40,659$29,513$21,042$14,775$10,247$4,893
30 years$38,879$27,872$19,600$13,560$9,259$4,283
31 years$37,218$26,348$18,272$12,454$8,371$3,751
32 years$35,663$24,931$17,048$11,445$7,572$3,286
33 years$34,205$23,610$15,918$10,525$6,853$2,880
34 years$32,836$22,377$14,873$9,684$6,205$2,524
35 years$31,549$21,224$13,905$8,915$5,620$2,213
36 years$30,335$20,145$13,008$8,210$5,092$1,940
37 years$29,190$19,133$12,175$7,564$4,615$1,701
38 years$28,108$18,183$11,401$6,972$4,184$1,492
39 years$27,083$17,290$10,682$6,429$3,794$1,309
40 years$26,113$16,450$10,012$5,930$3,441$1,148
41 years$25,192$15,659$9,388$5,471$3,122$1,008
42 years$24,317$14,913$8,806$5,049$2,833$884
43 years$23,485$14,209$8,264$4,661$2,571$776
44 years$22,694$13,545$7,757$4,303$2,334$681
45 years$21,939$12,916$7,283$3,974$2,119$597
46 years$21,220$12,321$6,841$3,671$1,924$524
47 years$20,533$11,758$6,427$3,392$1,747$460
48 years$19,876$11,225$6,039$3,134$1,586$404
49 years$19,249$10,719$5,677$2,896$1,441$355
50 years$18,648$10,239$5,337$2,677$1,309$311

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,100,000, adding $2,653 every year, while hoping to spend $24,417 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: 59/14/27 Blend
59$19,100,000$19,100,000$19,100,000$19,100,000
60$21,050,937$20,038,637$19,742,587$22,138,634
61$23,172,153$20,994,550$20,377,984$23,837,681
62$25,508,914$21,996,485$21,033,848$25,687,219
63$28,083,182$23,046,671$21,710,840$27,704,162
64$30,919,153$24,147,445$22,409,641$29,904,777
65$34,043,496$25,301,259$23,130,953$32,306,958
66$37,485,596$26,510,684$23,875,502$34,930,391
67$41,277,833$27,778,414$24,644,039$37,796,736
68$45,455,894$29,107,278$25,437,335$40,929,825
69$50,059,099$30,500,239$26,256,191$44,355,882
70$55,130,783$31,960,407$27,101,429$48,103,769
71$60,718,697$33,491,040$27,973,901$52,205,249
72$66,875,462$35,095,559$28,874,484$56,695,283
73$73,659,066$36,777,549$29,804,087$61,612,352
74$81,133,411$38,540,768$30,763,643$66,998,817
75$89,368,913$40,389,161$31,754,120$72,901,312
76$98,443,174$42,326,861$32,776,515$79,371,176
77$108,441,706$44,358,206$33,831,856$86,464,932
78$119,458,745$46,487,742$34,921,208$94,244,814
79$131,598,134$48,720,239$36,045,666$102,779,347
80$144,974,312$51,060,699$37,206,363$112,143,985
81$159,713,384$53,514,365$38,404,469$122,421,818
82$175,954,320$56,086,740$39,641,189$133,704,345
83$193,850,261$58,783,591$40,917,770$146,092,331
84$213,569,970$61,610,969$42,235,498$159,696,748
85$235,299,419$64,575,219$43,595,699$174,639,816
86$259,243,549$67,682,994$44,999,744$191,056,141
87$285,628,204$70,941,273$46,449,048$209,093,982
88$314,702,260$74,357,375$47,945,070$228,916,638
89$346,739,979$77,938,975$49,489,319$250,703,975
90$382,043,595$81,694,123$51,083,350$274,654,116
91$420,946,169$85,631,262$52,728,769$300,985,299
92$463,814,730$89,759,246$54,427,235$329,937,922
93$511,053,744$94,087,361$56,180,459$361,776,802
94$563,108,930$98,625,345$57,990,208$396,793,661
95$620,471,468$103,383,414$59,858,306$435,309,862
96$683,682,635$108,372,278$61,786,637$477,679,433
97$753,338,918$113,603,174$63,777,143$524,292,390
98$830,097,642$119,087,885$65,831,833$575,578,403
99$914,683,179$124,838,768$67,952,776$632,010,836
100$1,007,893,780$130,868,785$70,142,111$694,111,199