Can I retire at age 60 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,509,586
2 years$793,086$778,316$764,001$750,121$736,659$699,206
3 years$523,472$508,638$494,359$480,610$467,367$431,029
4 years$388,691$373,903$359,767$346,252$333,330$298,388
5 years$307,844$293,144$279,194$265,955$253,392$219,942
6 years$253,964$239,374$225,630$212,686$200,500$168,577
7 years$215,493$201,026$187,500$174,861$163,061$132,668
8 years$186,653$172,317$159,015$146,687$135,274$106,400
9 years$164,233$150,033$136,959$124,945$113,921$86,540
10 years$146,308$132,246$119,404$107,703$97,066$71,149
11 years$131,652$117,731$105,121$93,734$83,480$58,989
12 years$119,447$105,669$93,293$82,218$72,342$49,237
13 years$109,128$95,494$83,351$72,586$63,084$41,319
14 years$100,290$86,801$74,891$64,434$55,299$34,828
15 years$92,638$79,295$67,617$57,463$48,689$29,464
16 years$85,949$72,751$61,304$51,452$43,032$25,001
17 years$80,053$67,001$55,784$46,229$38,155$21,267
18 years$74,818$61,912$50,924$41,662$33,926$18,129
19 years$70,140$57,380$46,619$37,645$30,239$15,482
20 years$65,934$53,320$42,784$34,095$27,010$13,241
21 years$62,135$49,665$39,353$30,943$24,171$11,338
22 years$58,685$46,361$36,270$28,135$21,666$9,720
23 years$55,539$43,360$33,489$25,623$19,448$8,340
24 years$52,661$40,626$30,972$23,369$17,481$7,162
25 years$50,016$38,125$28,686$21,342$15,730$6,154
26 years$47,579$35,832$26,605$19,514$14,169$5,291
27 years$45,326$33,722$24,705$17,862$12,774$4,552
28 years$43,238$31,776$22,966$16,365$11,527$3,917
29 years$41,298$29,977$21,372$15,007$10,408$3,372
30 years$39,490$28,310$19,907$13,773$9,404$2,904
31 years$37,802$26,762$18,559$12,649$8,503$2,501
32 years$36,223$25,323$17,316$11,625$7,691$2,155
33 years$34,743$23,981$16,168$10,690$6,961$1,857
34 years$33,352$22,728$15,106$9,836$6,302$1,601
35 years$32,044$21,558$14,123$9,055$5,708$1,380
36 years$30,812$20,461$13,212$8,339$5,172$1,190
37 years$29,648$19,434$12,366$7,683$4,687$1,026
38 years$28,549$18,469$11,581$7,082$4,249$884
39 years$27,509$17,562$10,850$6,530$3,854$763
40 years$26,523$16,709$10,169$6,023$3,495$658
41 years$25,587$15,905$9,536$5,557$3,171$567
42 years$24,699$15,148$8,945$5,128$2,877$489
43 years$23,854$14,433$8,393$4,734$2,611$422
44 years$23,050$13,757$7,879$4,371$2,370$364
45 years$22,284$13,119$7,398$4,037$2,152$314
46 years$21,553$12,515$6,948$3,729$1,954$271
47 years$20,855$11,943$6,528$3,445$1,774$234
48 years$20,189$11,401$6,134$3,183$1,611$202
49 years$19,551$10,887$5,766$2,942$1,463$174
50 years$18,941$10,400$5,421$2,719$1,329$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,400,000, adding $5,414 every year, while hoping to spend $24,986 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: 66/15/19 Blend
59$19,400,000$19,400,000$19,400,000$19,400,000
60$21,384,385$20,356,185$20,055,485$22,694,079
61$23,539,007$21,327,053$20,700,758$24,543,261
62$25,912,563$22,344,656$21,366,811$26,560,573
63$28,527,359$23,411,258$22,054,313$28,765,267
64$31,407,972$24,529,232$22,763,956$31,175,729
65$34,581,489$25,701,069$23,496,452$33,812,191
66$38,077,756$26,929,377$24,252,539$36,696,917
67$41,929,665$28,216,894$25,032,977$39,854,408
68$46,173,460$29,566,491$25,838,551$43,311,632
69$50,849,082$30,981,178$26,670,071$47,098,272
70$56,000,544$32,464,111$27,528,374$51,247,000
71$61,676,348$34,018,601$28,414,323$55,793,784
72$67,929,942$35,648,118$29,328,809$60,778,218
73$74,820,224$37,356,305$30,272,752$66,243,895
74$82,412,101$39,146,977$31,247,103$72,238,807
75$90,777,095$41,024,139$32,252,841$78,815,800
76$99,994,026$42,991,990$33,290,979$86,033,058
77$110,149,751$45,054,931$34,362,561$93,954,653
78$121,339,984$47,217,582$35,468,665$102,651,138
79$133,670,203$49,484,783$36,610,405$112,200,210
80$147,256,640$51,861,613$37,788,930$122,687,431
81$162,227,383$54,353,399$39,005,426$134,207,034
82$178,723,586$56,965,725$40,261,117$146,862,802
83$196,900,795$59,704,449$41,557,268$160,769,037
84$216,930,423$62,575,714$42,895,183$176,051,633
85$239,001,364$65,585,961$44,276,209$192,849,255
86$263,321,777$68,741,948$45,701,737$211,314,640
87$290,121,055$72,050,760$47,173,202$231,616,024
88$319,651,983$75,519,828$48,692,085$253,938,724
89$352,193,132$79,156,945$50,259,916$278,486,876
90$388,051,482$82,970,286$51,878,273$305,485,351
91$427,565,325$86,968,422$53,548,787$335,181,863
92$471,107,456$91,160,343$55,273,140$367,849,300
93$519,088,695$95,555,478$57,053,069$403,788,282
94$571,961,761$100,163,716$58,890,365$443,329,990
95$630,225,549$104,995,427$60,786,881$486,839,277
96$694,429,840$110,061,487$62,744,527$534,718,094
97$765,180,489$115,373,306$64,765,274$587,409,275
98$843,145,147$120,942,845$66,851,158$645,400,699
99$929,059,561$126,782,654$69,004,281$709,229,877
100$1,023,734,524$132,905,892$71,226,813$779,489,011