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%11.3%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,514,732
2 years$780,822$766,280$752,186$738,521$725,267$716,863
3 years$515,377$500,772$486,714$473,178$460,139$451,920
4 years$382,681$368,121$354,203$340,898$328,175$320,204
5 years$303,084$288,611$274,876$261,842$249,474$241,774
6 years$250,036$235,673$222,141$209,397$197,400$189,982
7 years$212,160$197,918$184,600$172,157$160,539$153,407
8 years$183,766$169,652$156,556$144,418$133,183$126,336
9 years$161,694$147,712$134,841$123,012$112,159$105,596
10 years$144,046$130,201$117,558$106,038$95,565$89,283
11 years$129,616$115,911$103,496$92,285$82,189$76,184
12 years$117,600$104,035$91,850$80,946$71,223$65,490
13 years$107,440$94,017$82,062$71,463$62,108$56,640
14 years$98,740$85,459$73,733$63,437$54,444$49,236
15 years$91,206$78,068$66,571$56,575$47,936$42,982
16 years$84,620$71,626$60,356$50,657$42,366$37,658
17 years$78,815$65,965$54,922$45,515$37,565$33,095
18 years$73,661$60,955$50,137$41,018$33,401$29,163
19 years$69,055$56,492$45,898$37,063$29,771$25,756
20 years$64,915$52,495$42,123$33,568$26,592$22,793
21 years$61,174$48,897$38,745$30,465$23,797$20,206
22 years$57,777$45,644$35,709$27,700$21,331$17,939
23 years$54,681$42,690$32,971$25,226$19,148$15,948
24 years$51,846$39,998$30,493$23,008$17,210$14,195
25 years$49,243$37,536$28,242$21,012$15,487$12,647
26 years$46,843$35,278$26,193$19,213$13,950$11,279
27 years$44,626$33,200$24,323$17,586$12,577$10,066
28 years$42,570$31,284$22,611$16,112$11,348$8,990
29 years$40,659$29,513$21,042$14,775$10,247$8,035
30 years$38,879$27,872$19,600$13,560$9,259$7,185
31 years$37,218$26,348$18,272$12,454$8,371$6,428
32 years$35,663$24,931$17,048$11,445$7,572$5,753
33 years$34,205$23,610$15,918$10,525$6,853$5,152
34 years$32,836$22,377$14,873$9,684$6,205$4,615
35 years$31,549$21,224$13,905$8,915$5,620$4,135
36 years$30,335$20,145$13,008$8,210$5,092$3,706
37 years$29,190$19,133$12,175$7,564$4,615$3,322
38 years$28,108$18,183$11,401$6,972$4,184$2,979
39 years$27,083$17,290$10,682$6,429$3,794$2,672
40 years$26,113$16,450$10,012$5,930$3,441$2,397
41 years$25,192$15,659$9,388$5,471$3,122$2,150
42 years$24,317$14,913$8,806$5,049$2,833$1,930
43 years$23,485$14,209$8,264$4,661$2,571$1,732
44 years$22,694$13,545$7,757$4,303$2,334$1,554
45 years$21,939$12,916$7,283$3,974$2,119$1,395
46 years$21,220$12,321$6,841$3,671$1,924$1,253
47 years$20,533$11,758$6,427$3,392$1,747$1,125
48 years$19,876$11,225$6,039$3,134$1,586$1,010
49 years$19,249$10,719$5,677$2,896$1,441$907
50 years$18,648$10,239$5,337$2,677$1,309$814

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 $3,332 every year, while hoping to spend $55,774 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: 44/34/22 Blend
59$19,100,000$19,100,000$19,100,000$19,100,000
60$21,051,637$20,039,337$19,743,287$21,843,542
61$23,139,561$20,961,921$20,345,344$23,326,199
62$25,438,584$21,927,843$20,965,701$24,926,634
63$27,970,179$22,939,167$21,604,911$26,660,323
64$30,758,007$23,998,056$22,263,546$28,539,640
65$33,828,143$25,106,780$22,942,194$30,578,170
66$37,209,316$26,267,715$23,641,460$32,790,830
67$40,933,186$27,483,353$24,361,968$35,194,002
68$45,034,639$28,756,305$25,104,363$37,805,680
69$49,552,118$30,089,310$25,869,304$40,645,629
70$54,527,984$31,485,236$26,657,476$43,735,570
71$60,008,917$32,947,091$27,469,580$47,099,368
72$66,046,357$34,478,029$28,306,341$50,763,256
73$72,696,985$36,081,352$29,168,504$54,756,065
74$80,023,266$37,760,527$30,056,837$59,109,494
75$88,094,030$39,519,183$30,972,132$63,858,392
76$96,985,126$41,361,129$31,915,203$69,041,079
77$106,780,137$43,290,352$32,886,891$74,699,699
78$117,571,170$45,311,038$33,888,060$80,880,600
79$129,459,720$47,427,569$34,919,601$87,634,762
80$142,557,635$49,644,544$35,982,432$95,018,267
81$156,988,169$51,966,782$37,077,497$103,092,810
82$172,887,140$54,399,332$38,205,772$111,926,272
83$190,404,222$56,947,493$39,368,259$121,593,343
84$209,704,347$59,616,815$40,565,990$132,176,212
85$230,969,271$62,413,119$41,800,031$143,765,324
86$254,399,282$65,342,507$43,071,477$156,460,223
87$280,215,094$68,411,376$44,381,458$170,370,467
88$308,659,933$71,626,432$45,731,136$185,616,648
89$340,001,827$74,994,708$47,121,709$202,331,507
90$374,536,140$78,523,575$48,554,413$220,661,171
91$412,588,357$82,220,761$50,030,516$240,766,506
92$454,517,160$86,094,370$51,551,330$262,824,620
93$500,717,813$90,152,896$53,118,202$287,030,503
94$551,625,889$94,405,247$54,732,520$313,598,849
95$607,721,386$98,860,761$56,395,717$342,766,057
96$669,533,259$103,529,229$58,109,265$374,792,433
97$737,644,408$108,420,918$59,874,681$409,964,621
98$812,697,185$113,546,590$61,693,530$448,598,279
99$895,399,456$118,917,531$63,567,422$491,041,028
100$986,531,284$124,545,574$65,498,014$537,675,704