Can I retire at age 60 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,523,302
2 years$784,910$770,292$756,124$742,388$729,064$721,261
3 years$518,075$503,394$489,263$475,655$462,548$454,915
4 years$384,684$370,048$356,058$342,683$329,893$322,489
5 years$304,671$290,122$276,316$263,213$250,780$243,626
6 years$251,346$236,907$223,304$210,494$198,433$191,540
7 years$213,271$198,954$185,567$173,059$161,380$154,750
8 years$184,728$170,540$157,375$145,175$133,880$127,514
9 years$162,540$148,486$135,547$123,656$112,746$106,643
10 years$144,800$130,883$118,173$106,593$96,065$90,222
11 years$130,295$116,517$104,038$92,768$82,619$77,032
12 years$118,216$104,580$92,331$81,370$71,596$66,260
13 years$108,003$94,510$82,492$71,837$62,433$57,343
14 years$99,257$85,907$74,119$63,769$54,729$49,879
15 years$91,683$78,477$66,919$56,871$48,187$43,572
16 years$85,063$72,001$60,672$50,922$42,588$38,201
17 years$79,228$66,311$55,209$45,753$37,762$33,596
18 years$74,047$61,274$50,399$41,233$33,576$29,625
19 years$69,417$56,788$46,138$37,257$29,927$26,183
20 years$65,255$52,770$42,343$33,743$26,731$23,187
21 years$61,494$49,153$38,947$30,624$23,921$20,570
22 years$58,080$45,883$35,896$27,845$21,442$18,277
23 years$54,967$42,913$33,144$25,359$19,248$16,260
24 years$52,118$40,207$30,652$23,128$17,300$14,484
25 years$49,501$37,732$28,390$21,122$15,568$12,914
26 years$47,089$35,462$26,330$19,313$14,023$11,526
27 years$44,859$33,374$24,450$17,678$12,643$10,295
28 years$42,793$31,448$22,730$16,197$11,408$9,202
29 years$40,872$29,668$21,152$14,853$10,301$8,231
30 years$39,083$28,018$19,702$13,631$9,308$7,366
31 years$37,412$26,486$18,368$12,519$8,415$6,595
32 years$35,850$25,062$17,137$11,505$7,612$5,908
33 years$34,384$23,734$16,001$10,580$6,889$5,294
34 years$33,008$22,494$14,951$9,735$6,237$4,746
35 years$31,714$21,335$13,978$8,961$5,649$4,256
36 years$30,494$20,250$13,076$8,253$5,118$3,818
37 years$29,343$19,233$12,239$7,604$4,639$3,426
38 years$28,255$18,278$11,461$7,009$4,206$3,075
39 years$27,225$17,381$10,738$6,463$3,814$2,760
40 years$26,249$16,537$10,065$5,961$3,459$2,478
41 years$25,324$15,741$9,437$5,500$3,138$2,225
42 years$24,444$14,991$8,853$5,075$2,848$1,998
43 years$23,608$14,284$8,307$4,685$2,584$1,795
44 years$22,812$13,615$7,798$4,326$2,346$1,612
45 years$22,054$12,984$7,322$3,995$2,130$1,449
46 years$21,331$12,386$6,877$3,690$1,934$1,302
47 years$20,640$11,820$6,460$3,410$1,756$1,170
48 years$19,980$11,284$6,071$3,151$1,595$1,051
49 years$19,350$10,775$5,706$2,912$1,448$945
50 years$18,746$10,293$5,365$2,691$1,315$849

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,200,000, adding $5,197 every year, while hoping to spend $50,647 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: 52/23/25 Blend
59$19,200,000$19,200,000$19,200,000$19,200,000
60$21,163,761$20,146,161$19,848,561$22,116,328
61$23,268,576$21,079,435$20,459,599$23,709,826
62$25,586,386$22,056,741$21,089,411$25,436,669
63$28,138,860$23,080,185$21,738,569$27,314,119
64$30,949,882$24,151,972$22,407,669$29,356,547
65$34,045,764$25,274,413$23,097,320$31,579,747
66$37,455,505$26,449,932$23,808,153$34,001,083
67$41,211,057$27,681,069$24,540,817$36,639,647
68$45,347,631$28,970,488$25,295,980$39,516,431
69$49,904,026$30,320,978$26,074,333$42,654,521
70$54,922,998$31,735,468$26,876,584$46,079,307
71$60,451,661$33,217,023$27,703,467$49,818,716
72$66,541,933$34,768,860$28,555,736$53,903,470
73$73,251,026$36,394,349$29,434,168$58,367,368
74$80,641,983$38,097,024$30,339,565$63,247,598
75$88,784,277$39,880,591$31,272,752$68,585,076
76$97,754,464$41,748,931$32,234,581$74,424,830
77$107,636,908$43,706,117$33,225,928$80,816,411
78$118,524,573$45,756,417$34,247,697$87,814,357
79$130,519,904$47,904,306$35,300,819$95,478,692
80$143,735,792$50,154,475$36,386,255$103,875,488
81$158,296,641$52,511,842$37,504,992$113,077,475
82$174,339,540$54,981,564$38,658,051$123,164,718
83$192,015,558$57,569,046$39,846,481$134,225,363
84$211,491,173$60,279,957$41,071,366$146,356,454
85$232,949,836$63,120,238$42,333,820$159,664,839
86$256,593,709$66,096,119$43,634,993$174,268,166
87$282,645,571$69,214,133$44,976,069$190,295,977
88$311,350,922$72,481,128$46,358,270$207,890,921
89$342,980,296$75,904,284$47,782,852$227,210,084
90$377,831,822$79,491,129$49,251,113$248,426,457
91$416,234,031$83,249,557$50,764,388$271,730,550
92$458,548,960$87,187,844$52,324,054$297,332,179
93$505,175,573$91,314,668$53,931,529$325,462,426
94$556,553,521$95,639,126$55,588,274$356,375,802
95$613,167,296$100,170,759$57,295,797$390,352,631
96$675,550,804$104,919,569$59,055,650$427,701,678
97$744,292,403$109,896,045$60,869,431$468,763,039
98$820,040,461$115,111,185$62,738,790$513,911,335
99$903,509,473$120,576,518$64,665,425$563,559,222
100$995,486,808$126,304,136$66,651,085$618,161,263