Can I retire at age 60 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,516,136
2 years$797,174$782,328$767,939$753,988$740,456$701,590
3 years$526,170$511,260$496,907$483,087$469,776$432,080
4 years$390,695$375,830$361,621$348,037$335,048$298,813
5 years$309,431$294,655$280,633$267,326$254,698$220,025
6 years$255,273$240,608$226,793$213,783$201,534$168,457
7 years$216,603$202,062$188,466$175,763$163,901$132,423
8 years$187,615$173,205$159,834$147,443$135,972$106,079
9 years$165,080$150,806$137,665$125,589$114,508$86,175
10 years$147,062$132,928$120,020$108,259$97,566$70,761
11 years$132,330$118,338$105,663$94,217$83,910$58,593
12 years$120,063$106,214$93,774$82,641$72,715$48,842
13 years$109,690$95,986$83,780$72,960$63,409$40,933
14 years$100,807$87,249$75,277$64,766$55,584$34,455
15 years$93,116$79,703$67,965$57,760$48,940$29,108
16 years$86,392$73,126$61,620$51,717$43,254$24,663
17 years$80,466$67,347$56,072$46,468$38,352$20,950
18 years$75,204$62,231$51,187$41,877$34,101$17,832
19 years$70,501$57,675$46,859$37,839$30,395$15,205
20 years$66,274$53,595$43,005$34,271$27,149$12,985
21 years$62,455$49,921$39,556$31,103$24,295$11,102
22 years$58,987$46,600$36,457$28,280$21,777$9,503
23 years$55,826$43,584$33,662$25,755$19,549$8,141
24 years$52,932$40,835$31,131$23,490$17,571$6,980
25 years$50,274$38,322$28,834$21,452$15,811$5,988
26 years$47,824$36,016$26,742$19,615$14,242$5,140
27 years$45,560$33,896$24,832$17,954$12,840$4,414
28 years$43,461$31,940$23,085$16,450$11,586$3,793
29 years$41,511$30,131$21,482$15,085$10,462$3,260
30 years$39,694$28,456$20,010$13,844$9,453$2,803
31 years$37,997$26,900$18,655$12,715$8,546$2,410
32 years$36,410$25,453$17,405$11,685$7,731$2,073
33 years$34,922$24,105$16,251$10,745$6,996$1,783
34 years$33,524$22,846$15,184$9,887$6,334$1,535
35 years$32,209$21,669$14,196$9,101$5,737$1,321
36 years$30,971$20,567$13,280$8,382$5,198$1,137
37 years$29,801$19,534$12,430$7,723$4,711$978
38 years$28,696$18,564$11,640$7,118$4,271$842
39 years$27,651$17,653$10,906$6,564$3,873$725
40 years$26,660$16,795$10,222$6,054$3,513$624
41 years$25,719$15,987$9,585$5,585$3,187$538
42 years$24,826$15,226$8,991$5,155$2,892$463
43 years$23,977$14,507$8,437$4,758$2,625$399
44 years$23,169$13,828$7,919$4,394$2,383$343
45 years$22,399$13,186$7,436$4,058$2,163$296
46 years$21,664$12,579$6,984$3,748$1,964$255
47 years$20,963$12,005$6,561$3,463$1,783$219
48 years$20,293$11,460$6,166$3,200$1,619$189
49 years$19,652$10,944$5,796$2,957$1,471$163
50 years$19,039$10,454$5,449$2,733$1,336$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,500,000, adding $4,718 every year, while hoping to spend $42,295 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: 78/16/6 Blend
59$19,500,000$19,500,000$19,500,000$19,500,000
60$21,493,867$20,460,367$20,158,117$23,158,906
61$23,641,239$21,417,923$20,788,412$25,208,961
62$26,006,227$22,420,982$21,438,405$27,450,596
63$28,610,981$23,471,729$22,108,710$29,907,592
64$31,479,911$24,572,454$22,799,962$32,601,355
65$34,639,917$25,725,559$23,512,816$35,555,449
66$38,120,638$26,933,561$24,247,945$38,795,818
67$41,954,738$28,199,100$25,006,045$42,351,023
68$46,178,208$29,524,943$25,787,835$46,252,510
69$50,830,711$30,913,991$26,594,053$50,534,904
70$55,955,953$32,369,286$27,425,463$55,236,332
71$61,602,095$33,894,016$28,282,851$60,398,775
72$67,822,211$35,491,525$29,167,029$66,068,464
73$74,674,785$37,165,318$30,078,833$72,296,311
74$82,224,264$38,919,070$31,019,125$79,138,383
75$90,541,669$40,756,635$31,988,796$86,656,427
76$99,705,261$42,682,052$32,988,762$94,918,450
77$109,801,282$44,699,557$34,019,971$103,999,351
78$120,924,769$46,813,591$35,083,396$113,981,626
79$133,180,451$49,028,812$36,180,044$124,956,140
80$146,683,734$51,350,101$37,310,953$137,022,976
81$161,561,796$53,782,578$38,477,192$150,292,378
82$177,954,786$56,331,610$39,679,863$164,885,779
83$196,017,141$59,002,826$40,920,106$180,936,944
84$215,919,052$61,802,127$42,199,092$198,593,226
85$237,848,065$64,735,701$43,518,031$218,016,945
86$262,010,853$67,810,036$44,878,171$239,386,917
87$288,635,167$71,031,935$46,280,797$262,900,129
88$317,971,987$74,408,533$47,727,237$288,773,591
89$350,297,888$77,947,309$49,218,857$317,246,378
90$385,917,652$81,656,106$50,757,068$348,581,874
91$425,167,147$85,543,151$52,343,325$383,070,247
92$468,416,497$89,617,066$53,979,127$421,031,182
93$516,073,573$93,886,895$55,666,021$462,816,882
94$568,587,846$98,362,122$57,405,602$508,815,386
95$626,454,631$103,052,690$59,199,514$559,454,218
96$690,219,758$107,969,027$61,049,452$615,204,407
97$760,484,732$113,122,067$62,957,167$676,584,926
98$837,912,403$118,523,277$64,924,461$744,167,573
99$923,233,230$124,184,680$66,953,193$818,582,355
100$1,017,252,176$130,118,886$69,045,281$900,523,419