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%17.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,490,341
2 years$788,998$774,304$760,063$746,255$732,861$684,270
3 years$520,774$506,016$491,811$478,133$464,957$417,968
4 years$386,688$371,975$357,912$344,468$331,612$286,583
5 years$306,257$291,633$277,755$264,584$252,086$209,140
6 years$252,655$238,140$224,467$211,590$199,467$158,640
7 years$214,382$199,990$186,533$173,960$162,220$123,509
8 years$185,691$171,428$158,195$145,931$134,577$97,955
9 years$163,387$149,259$136,253$124,301$113,333$78,759
10 years$145,554$131,565$118,789$107,148$96,566$63,988
11 years$130,973$117,124$104,580$93,251$83,050$52,409
12 years$118,831$105,124$92,812$81,794$71,969$43,200
13 years$108,565$95,002$82,921$72,212$62,759$35,792
14 years$99,774$86,354$74,505$64,101$55,014$29,776
15 years$92,161$78,886$67,268$57,167$48,438$24,856
16 years$85,506$72,376$60,988$51,187$42,810$20,805
17 years$79,641$66,656$55,497$45,991$37,958$17,455
18 years$74,433$61,593$50,662$41,447$33,751$14,671
19 years$69,778$57,084$46,378$37,451$30,083$12,351
20 years$65,595$53,045$42,564$33,919$26,871$10,412
21 years$61,814$49,409$39,150$30,784$24,046$8,786
22 years$58,382$46,122$36,083$27,990$21,554$7,422
23 years$55,253$43,137$33,316$25,491$19,348$6,274
24 years$52,389$40,416$30,812$23,249$17,390$5,307
25 years$49,758$37,929$28,538$21,232$15,649$4,491
26 years$47,334$35,647$26,468$19,414$14,096$3,803
27 years$45,093$33,548$24,578$17,770$12,709$3,221
28 years$43,015$31,612$22,848$16,281$11,467$2,730
29 years$41,085$29,822$21,262$14,930$10,355$2,313
30 years$39,286$28,164$19,805$13,702$9,356$1,961
31 years$37,607$26,624$18,463$12,584$8,459$1,663
32 years$36,036$25,192$17,227$11,565$7,652$1,410
33 years$34,563$23,857$16,085$10,635$6,925$1,196
34 years$33,180$22,611$15,029$9,785$6,269$1,015
35 years$31,879$21,446$14,051$9,008$5,678$861
36 years$30,653$20,356$13,144$8,296$5,145$731
37 years$29,496$19,333$12,303$7,644$4,663$620
38 years$28,402$18,374$11,521$7,045$4,228$526
39 years$27,367$17,471$10,794$6,496$3,834$446
40 years$26,386$16,623$10,117$5,992$3,477$379
41 years$25,456$15,823$9,487$5,528$3,155$322
42 years$24,572$15,070$8,899$5,102$2,863$273
43 years$23,731$14,358$8,350$4,710$2,598$232
44 years$22,931$13,686$7,838$4,349$2,358$197
45 years$22,169$13,051$7,360$4,016$2,141$167
46 years$21,442$12,450$6,912$3,710$1,944$142
47 years$20,748$11,881$6,494$3,427$1,765$120
48 years$20,085$11,342$6,103$3,167$1,603$102
49 years$19,450$10,831$5,736$2,927$1,456$87
50 years$18,844$10,347$5,393$2,705$1,322$74

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 $3,590 every year, while hoping to spend $32,133 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: 37/42/21 Blend
59$19,300,000$19,300,000$19,300,000$19,300,000
60$21,272,303$20,249,403$19,950,253$21,924,712
61$23,407,889$21,207,435$20,584,397$23,357,673
62$25,760,227$22,211,333$21,238,708$24,901,192
63$28,351,393$23,263,311$21,913,828$26,567,792
64$31,205,712$24,365,690$22,610,418$28,368,557
65$34,349,990$25,520,904$23,329,162$30,315,639
66$37,813,765$26,731,504$24,070,765$32,422,358
67$41,629,587$28,000,166$24,835,954$34,703,324
68$45,833,326$29,329,695$25,625,479$37,174,560
69$50,464,508$30,723,033$26,440,116$39,853,647
70$55,566,691$32,183,264$27,280,662$42,759,877
71$61,187,872$33,713,623$28,147,944$45,914,427
72$67,380,945$35,317,501$29,042,810$49,340,540
73$74,204,197$36,998,454$29,966,140$53,063,741
74$81,721,858$38,760,212$30,918,838$57,112,059
75$90,004,709$40,606,683$31,901,841$61,516,278
76$99,130,748$42,541,969$32,916,111$66,310,218
77$109,185,929$44,570,370$33,962,645$71,531,037
78$120,264,968$46,696,393$35,042,468$77,219,563
79$132,472,245$48,924,766$36,156,641$83,420,668
80$145,922,782$51,260,448$37,306,257$90,183,675
81$160,743,333$53,708,637$38,492,443$97,562,800
82$177,073,577$56,274,784$39,716,364$105,617,651
83$195,067,440$58,964,607$40,979,221$114,413,771
84$214,894,547$61,784,101$42,282,253$124,023,230
85$236,741,821$64,739,552$43,626,738$134,525,295
86$260,815,250$67,837,553$45,013,997$146,007,143
87$287,341,830$71,085,017$46,445,390$158,564,674
88$316,571,709$74,489,195$47,922,323$172,303,382
89$348,780,547$78,057,690$49,446,245$187,339,328
90$384,272,121$81,798,475$51,018,652$203,800,213
91$423,381,188$85,719,911$52,641,088$221,826,548
92$466,476,649$89,830,766$54,315,144$241,572,959
93$513,965,030$94,140,237$56,042,464$263,209,611
94$566,294,320$98,657,966$57,824,744$286,923,784
95$623,958,202$103,394,067$59,663,734$312,921,607
96$687,500,707$108,359,145$61,561,238$341,429,970
97$757,521,360$113,564,323$63,519,120$372,698,625
98$834,680,830$119,021,266$65,539,302$407,002,513
99$919,707,173$124,742,207$67,623,767$444,644,309
100$1,013,402,703$130,739,974$69,774,561$485,957,247