Can I retire at age 60 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,526,752
2 years$788,998$774,304$760,063$746,255$732,861$720,506
3 years$520,774$506,016$491,811$478,133$464,957$452,886
4 years$386,688$371,975$357,912$344,468$331,612$319,918
5 years$306,257$291,633$277,755$264,584$252,086$240,804
6 years$252,655$238,140$224,467$211,590$199,467$188,611
7 years$214,382$199,990$186,533$173,960$162,220$151,795
8 years$185,691$171,428$158,195$145,931$134,577$124,583
9 years$163,387$149,259$136,253$124,301$113,333$103,767
10 years$145,554$131,565$118,789$107,148$96,566$87,422
11 years$130,973$117,124$104,580$93,251$83,050$74,322
12 years$118,831$105,124$92,812$81,794$71,969$63,649
13 years$108,565$95,002$82,921$72,212$62,759$54,838
14 years$99,774$86,354$74,505$64,101$55,014$47,482
15 years$92,161$78,886$67,268$57,167$48,438$41,285
16 years$85,506$72,376$60,988$51,187$42,810$36,024
17 years$79,641$66,656$55,497$45,991$37,958$31,528
18 years$74,433$61,593$50,662$41,447$33,751$27,665
19 years$69,778$57,084$46,378$37,451$30,083$24,329
20 years$65,595$53,045$42,564$33,919$26,871$21,436
21 years$61,814$49,409$39,150$30,784$24,046$18,919
22 years$58,382$46,122$36,083$27,990$21,554$16,722
23 years$55,253$43,137$33,316$25,491$19,348$14,799
24 years$52,389$40,416$30,812$23,249$17,390$13,112
25 years$49,758$37,929$28,538$21,232$15,649$11,628
26 years$47,334$35,647$26,468$19,414$14,096$10,321
27 years$45,093$33,548$24,578$17,770$12,709$9,168
28 years$43,015$31,612$22,848$16,281$11,467$8,149
29 years$41,085$29,822$21,262$14,930$10,355$7,248
30 years$39,286$28,164$19,805$13,702$9,356$6,450
31 years$37,607$26,624$18,463$12,584$8,459$5,742
32 years$36,036$25,192$17,227$11,565$7,652$5,115
33 years$34,563$23,857$16,085$10,635$6,925$4,557
34 years$33,180$22,611$15,029$9,785$6,269$4,062
35 years$31,879$21,446$14,051$9,008$5,678$3,621
36 years$30,653$20,356$13,144$8,296$5,145$3,229
37 years$29,496$19,333$12,303$7,644$4,663$2,880
38 years$28,402$18,374$11,521$7,045$4,228$2,570
39 years$27,367$17,471$10,794$6,496$3,834$2,293
40 years$26,386$16,623$10,117$5,992$3,477$2,046
41 years$25,456$15,823$9,487$5,528$3,155$1,827
42 years$24,572$15,070$8,899$5,102$2,863$1,631
43 years$23,731$14,358$8,350$4,710$2,598$1,456
44 years$22,931$13,686$7,838$4,349$2,358$1,300
45 years$22,169$13,051$7,360$4,016$2,141$1,161
46 years$21,442$12,450$6,912$3,710$1,944$1,037
47 years$20,748$11,881$6,494$3,427$1,765$926
48 years$20,085$11,342$6,103$3,167$1,603$827
49 years$19,450$10,831$5,736$2,927$1,456$739
50 years$18,844$10,347$5,393$2,705$1,322$660

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,300,000, adding $3,355 every year, while hoping to spend $42,767 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: 65/25/10 Blend
59$19,300,000$19,300,000$19,300,000$19,300,000
60$21,272,061$20,249,161$19,950,011$22,609,070
61$23,396,307$21,195,866$20,572,832$24,447,320
62$25,735,793$22,187,526$21,215,085$26,449,651
63$28,312,429$23,226,299$21,877,375$28,636,281
64$31,150,356$24,314,447$22,560,326$31,025,163
65$34,276,178$25,454,341$23,264,583$33,636,041
66$37,719,212$26,648,467$23,990,810$36,490,634
67$41,511,761$27,899,432$24,739,692$39,612,836
68$45,689,423$29,209,967$25,511,935$43,028,937
69$50,291,427$30,582,938$26,308,267$46,767,860
70$55,360,998$32,021,347$27,129,439$50,861,435
71$60,945,770$33,528,343$27,976,225$55,344,688
72$67,098,234$35,107,228$28,849,425$60,256,165
73$73,876,233$36,761,462$29,749,860$65,638,294
74$81,343,509$38,494,673$30,678,380$71,537,772
75$89,570,302$40,310,667$31,635,861$78,005,999
76$98,634,015$42,213,432$32,623,204$85,099,560
77$108,619,944$44,207,150$33,641,341$92,880,745
78$119,622,084$46,296,205$34,691,232$101,418,131
79$131,744,013$48,485,196$35,773,865$110,787,221
80$145,099,874$50,778,943$36,890,261$121,071,144
81$159,815,450$53,182,499$38,041,473$132,361,433
82$176,029,348$55,701,164$39,228,585$144,758,875
83$193,894,315$58,340,495$40,452,716$158,374,454
84$213,578,673$61,106,317$41,715,020$173,330,388
85$235,267,910$64,004,739$43,016,685$189,761,266
86$259,166,432$67,042,166$44,358,939$207,815,312
87$285,499,491$70,225,315$45,743,047$227,655,765
88$314,515,312$73,561,228$47,170,311$249,462,411
89$346,487,434$77,057,289$48,642,078$273,433,263
90$381,717,298$80,721,241$50,159,732$299,786,415
91$420,537,084$84,561,204$51,724,705$328,762,087
92$463,312,854$88,585,690$53,338,470$360,624,872
93$510,448,003$92,803,627$55,002,547$395,666,223
94$562,387,071$97,224,376$56,718,504$434,207,180
95$619,619,935$101,857,753$58,487,956$476,601,383
96$682,686,436$106,714,051$60,312,571$523,238,393
97$752,181,477$111,804,064$62,194,066$574,547,346
98$828,760,634$117,139,109$64,134,214$631,000,985
99$913,146,349$122,731,056$66,134,840$693,120,096
100$1,006,134,749$128,592,351$68,197,830$761,478,403