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

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,462,632
2 years$780,822$766,280$752,186$738,521$725,267$665,135
3 years$515,377$500,772$486,714$473,178$460,139$402,197
4 years$382,681$368,121$354,203$340,898$328,175$272,865
5 years$303,084$288,611$274,876$261,842$249,474$196,935
6 years$250,036$235,673$222,141$209,397$197,400$147,667
7 years$212,160$197,918$184,600$172,157$160,539$113,593
8 years$183,766$169,652$156,556$144,418$133,183$88,977
9 years$161,694$147,712$134,841$123,012$112,159$70,626
10 years$144,046$130,201$117,558$106,038$95,565$56,624
11 years$129,616$115,911$103,496$92,285$82,189$45,748
12 years$117,600$104,035$91,850$80,946$71,223$37,185
13 years$107,440$94,017$82,062$71,463$62,108$30,370
14 years$98,740$85,459$73,733$63,437$54,444$24,898
15 years$91,206$78,068$66,571$56,575$47,936$20,475
16 years$84,620$71,626$60,356$50,657$42,366$16,880
17 years$78,815$65,965$54,922$45,515$37,565$13,944
18 years$73,661$60,955$50,137$41,018$33,401$11,538
19 years$69,055$56,492$45,898$37,063$29,771$9,560
20 years$64,915$52,495$42,123$33,568$26,592$7,930
21 years$61,174$48,897$38,745$30,465$23,797$6,584
22 years$57,777$45,644$35,709$27,700$21,331$5,471
23 years$54,681$42,690$32,971$25,226$19,148$4,549
24 years$51,846$39,998$30,493$23,008$17,210$3,784
25 years$49,243$37,536$28,242$21,012$15,487$3,149
26 years$46,843$35,278$26,193$19,213$13,950$2,622
27 years$44,626$33,200$24,323$17,586$12,577$2,183
28 years$42,570$31,284$22,611$16,112$11,348$1,819
29 years$40,659$29,513$21,042$14,775$10,247$1,515
30 years$38,879$27,872$19,600$13,560$9,259$1,263
31 years$37,218$26,348$18,272$12,454$8,371$1,052
32 years$35,663$24,931$17,048$11,445$7,572$877
33 years$34,205$23,610$15,918$10,525$6,853$731
34 years$32,836$22,377$14,873$9,684$6,205$610
35 years$31,549$21,224$13,905$8,915$5,620$508
36 years$30,335$20,145$13,008$8,210$5,092$424
37 years$29,190$19,133$12,175$7,564$4,615$353
38 years$28,108$18,183$11,401$6,972$4,184$295
39 years$27,083$17,290$10,682$6,429$3,794$246
40 years$26,113$16,450$10,012$5,930$3,441$205
41 years$25,192$15,659$9,388$5,471$3,122$171
42 years$24,317$14,913$8,806$5,049$2,833$142
43 years$23,485$14,209$8,264$4,661$2,571$119
44 years$22,694$13,545$7,757$4,303$2,334$99
45 years$21,939$12,916$7,283$3,974$2,119$83
46 years$21,220$12,321$6,841$3,671$1,924$69
47 years$20,533$11,758$6,427$3,392$1,747$57
48 years$19,876$11,225$6,039$3,134$1,586$48
49 years$19,249$10,719$5,677$2,896$1,441$40
50 years$18,648$10,239$5,337$2,677$1,309$33

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 $5,334 every year, while hoping to spend $23,662 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: 43/30/27 Blend
59$19,100,000$19,100,000$19,100,000$19,100,000
60$21,053,702$20,041,402$19,745,352$21,793,006
61$23,176,003$20,998,255$20,381,645$23,279,430
62$25,513,987$22,001,200$21,038,461$24,886,268
63$28,089,626$23,052,471$21,716,462$26,626,844
64$30,927,137$24,154,411$22,416,333$28,513,560
65$34,053,203$25,309,476$23,138,778$30,560,030
66$37,497,231$26,520,241$23,884,528$32,781,203
67$41,291,623$27,789,408$24,654,335$35,193,494
68$45,472,088$29,119,808$25,448,974$37,814,931
69$50,077,975$30,514,413$26,269,249$40,665,319
70$55,152,646$31,976,337$27,115,986$43,766,417
71$60,743,885$33,508,847$27,990,041$47,142,134
72$66,904,350$35,115,368$28,892,296$50,818,746
73$73,692,066$36,799,493$29,823,660$54,825,135
74$81,170,978$38,564,990$30,785,074$59,193,051
75$89,411,553$40,415,810$31,777,509$63,957,396
76$98,491,442$42,356,095$32,801,967$69,156,553
77$108,496,217$44,390,192$33,859,480$74,832,725
78$119,520,176$46,522,657$34,951,118$81,032,329
79$131,667,236$48,758,268$36,077,982$87,806,419
80$145,051,910$51,102,039$37,241,211$95,211,152
81$159,800,391$53,559,225$38,441,977$103,308,308
82$176,051,742$56,135,339$39,681,495$112,165,857
83$193,959,210$58,836,161$40,961,015$121,858,585
84$213,691,671$61,667,754$42,281,831$132,468,784
85$235,435,225$64,636,477$43,645,275$144,087,014
86$259,394,951$67,748,998$45,052,726$156,812,935
87$285,796,848$71,012,310$46,505,603$170,756,237
88$314,889,962$74,433,749$48,005,376$186,037,650
89$346,948,741$78,021,006$49,553,560$202,790,070
90$382,275,626$81,782,148$51,151,717$221,159,785
91$421,203,903$85,725,637$52,801,464$241,307,840
92$464,100,854$89,860,347$54,504,466$263,411,532
93$511,371,220$94,195,582$56,262,444$287,666,062
94$563,461,024$98,741,105$58,077,175$314,286,348
95$620,861,781$103,507,152$59,950,493$343,509,035
96$684,115,138$108,504,458$61,884,290$375,594,694
97$753,817,990$113,744,284$63,880,522$410,830,258
98$830,628,111$119,238,440$65,941,205$449,531,699
99$915,270,366$124,999,311$68,068,423$492,046,983
100$1,008,543,553$131,039,887$70,264,325$538,759,314