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%14.4%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,495,369
2 years$780,822$766,280$752,186$738,521$725,267$697,467
3 years$515,377$500,772$486,714$473,178$460,139$433,097
4 years$382,681$368,121$354,203$340,898$328,175$302,099
5 years$303,084$288,611$274,876$261,842$249,474$224,438
6 years$250,036$235,673$222,141$209,397$197,400$173,433
7 years$212,160$197,918$184,600$172,157$160,539$137,648
8 years$183,766$169,652$156,556$144,418$133,183$111,361
9 years$161,694$147,712$134,841$123,012$112,159$91,394
10 years$144,046$130,201$117,558$106,038$95,565$75,838
11 years$129,616$115,911$103,496$92,285$82,189$63,478
12 years$117,600$104,035$91,850$80,946$71,223$53,503
13 years$107,440$94,017$82,062$71,463$62,108$45,350
14 years$98,740$85,459$73,733$63,437$54,444$38,618
15 years$91,206$78,068$66,571$56,575$47,936$33,011
16 years$84,620$71,626$60,356$50,657$42,366$28,310
17 years$78,815$65,965$54,922$45,515$37,565$24,344
18 years$73,661$60,955$50,137$41,018$33,401$20,981
19 years$69,055$56,492$45,898$37,063$29,771$18,118
20 years$64,915$52,495$42,123$33,568$26,592$15,671
21 years$61,174$48,897$38,745$30,465$23,797$13,574
22 years$57,777$45,644$35,709$27,700$21,331$11,772
23 years$54,681$42,690$32,971$25,226$19,148$10,220
24 years$51,846$39,998$30,493$23,008$17,210$8,880
25 years$49,243$37,536$28,242$21,012$15,487$7,723
26 years$46,843$35,278$26,193$19,213$13,950$6,720
27 years$44,626$33,200$24,323$17,586$12,577$5,851
28 years$42,570$31,284$22,611$16,112$11,348$5,097
29 years$40,659$29,513$21,042$14,775$10,247$4,442
30 years$38,879$27,872$19,600$13,560$9,259$3,873
31 years$37,218$26,348$18,272$12,454$8,371$3,378
32 years$35,663$24,931$17,048$11,445$7,572$2,947
33 years$34,205$23,610$15,918$10,525$6,853$2,572
34 years$32,836$22,377$14,873$9,684$6,205$2,245
35 years$31,549$21,224$13,905$8,915$5,620$1,959
36 years$30,335$20,145$13,008$8,210$5,092$1,711
37 years$29,190$19,133$12,175$7,564$4,615$1,494
38 years$28,108$18,183$11,401$6,972$4,184$1,305
39 years$27,083$17,290$10,682$6,429$3,794$1,140
40 years$26,113$16,450$10,012$5,930$3,441$996
41 years$25,192$15,659$9,388$5,471$3,122$870
42 years$24,317$14,913$8,806$5,049$2,833$760
43 years$23,485$14,209$8,264$4,661$2,571$664
44 years$22,694$13,545$7,757$4,303$2,334$580
45 years$21,939$12,916$7,283$3,974$2,119$507
46 years$21,220$12,321$6,841$3,671$1,924$443
47 years$20,533$11,758$6,427$3,392$1,747$387
48 years$19,876$11,225$6,039$3,134$1,586$338
49 years$19,249$10,719$5,677$2,896$1,441$296
50 years$18,648$10,239$5,337$2,677$1,309$258

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 $4,424 every year, while hoping to spend $40,860 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: 66/14/20 Blend
59$19,100,000$19,100,000$19,100,000$19,100,000
60$21,052,763$20,040,463$19,744,413$22,336,039
61$23,156,670$20,978,971$20,362,376$24,135,701
62$25,473,807$21,962,097$20,999,672$26,097,222
63$28,025,878$22,991,983$21,656,904$28,240,608
64$30,836,804$24,070,876$22,334,697$30,583,714
65$33,932,941$25,201,132$23,033,692$33,146,190
66$37,343,334$26,385,220$23,754,554$35,949,659
67$41,099,988$27,625,730$24,497,965$39,017,922
68$45,238,171$28,925,375$25,264,631$42,377,175
69$49,796,747$30,287,001$26,055,278$46,056,251
70$54,818,542$31,713,591$26,870,658$50,086,893
71$60,350,751$33,208,274$27,711,542$54,504,046
72$66,445,377$34,774,330$28,578,728$59,346,179
73$73,159,729$36,415,195$29,473,039$64,655,648
74$80,556,958$38,134,476$30,395,323$70,479,091
75$88,706,655$39,935,953$31,346,453$76,867,858
76$97,685,506$41,823,588$32,327,332$83,878,493
77$107,578,020$43,801,536$33,338,890$91,573,263
78$118,477,322$45,874,154$34,382,086$100,020,738
79$130,486,031$48,046,010$35,457,909$109,296,432
80$143,717,236$50,321,894$36,567,378$119,483,509
81$158,295,555$52,706,828$37,711,547$130,673,563
82$174,358,316$55,206,077$38,891,498$142,967,472
83$192,056,852$57,825,163$40,108,351$156,476,346
84$211,557,929$60,569,874$41,363,259$171,322,566
85$233,045,322$63,446,282$42,657,412$187,640,933
86$256,721,546$66,460,751$43,992,036$205,579,929
87$282,809,771$69,619,955$45,368,397$225,303,112
88$311,555,927$72,930,893$46,787,798$246,990,649
89$343,231,028$76,400,903$48,251,586$270,841,010
90$378,133,726$80,037,680$49,761,147$297,072,828
91$416,593,132$83,849,292$51,317,911$325,926,952
92$458,971,926$87,844,202$52,923,356$357,668,715
93$505,669,775$92,031,280$54,579,000$392,590,420
94$557,127,110$96,419,831$56,286,415$431,014,093
95$613,829,282$101,019,609$58,047,216$473,294,506
96$676,311,144$105,840,846$59,863,074$519,822,517
97$745,162,102$110,894,268$61,735,708$571,028,742
98$821,031,675$116,191,126$63,666,893$627,387,611
99$904,635,630$121,743,215$65,658,458$689,421,825
100$996,762,738$127,562,907$67,712,290$757,707,280