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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,496,811
2 years$797,174$782,328$767,939$753,988$740,456$682,540
3 years$526,170$511,260$496,907$483,087$469,776$413,913
4 years$390,695$375,830$361,621$348,037$335,048$281,663
5 years$309,431$294,655$280,633$267,326$254,698$203,930
6 years$255,273$240,608$226,793$213,783$201,534$153,418
7 years$216,603$202,062$188,466$175,763$163,901$118,424
8 years$187,615$173,205$159,834$147,443$135,972$93,092
9 years$165,080$150,806$137,665$125,589$114,508$74,166
10 years$147,062$132,928$120,020$108,259$97,566$59,688
11 years$132,330$118,338$105,663$94,217$83,910$48,414
12 years$120,063$106,214$93,774$82,641$72,715$39,510
13 years$109,690$95,986$83,780$72,960$63,409$32,402
14 years$100,807$87,249$75,277$64,766$55,584$26,676
15 years$93,116$79,703$67,965$57,760$48,940$22,031
16 years$86,392$73,126$61,620$51,717$43,254$18,242
17 years$80,466$67,347$56,072$46,468$38,352$15,136
18 years$75,204$62,231$51,187$41,877$34,101$12,581
19 years$70,501$57,675$46,859$37,839$30,395$10,472
20 years$66,274$53,595$43,005$34,271$27,149$8,727
21 years$62,455$49,921$39,556$31,103$24,295$7,279
22 years$58,987$46,600$36,457$28,280$21,777$6,077
23 years$55,826$43,584$33,662$25,755$19,549$5,076
24 years$52,932$40,835$31,131$23,490$17,571$4,243
25 years$50,274$38,322$28,834$21,452$15,811$3,548
26 years$47,824$36,016$26,742$19,615$14,242$2,968
27 years$45,560$33,896$24,832$17,954$12,840$2,484
28 years$43,461$31,940$23,085$16,450$11,586$2,079
29 years$41,511$30,131$21,482$15,085$10,462$1,741
30 years$39,694$28,456$20,010$13,844$9,453$1,458
31 years$37,997$26,900$18,655$12,715$8,546$1,221
32 years$36,410$25,453$17,405$11,685$7,731$1,023
33 years$34,922$24,105$16,251$10,745$6,996$857
34 years$33,524$22,846$15,184$9,887$6,334$718
35 years$32,209$21,669$14,196$9,101$5,737$601
36 years$30,971$20,567$13,280$8,382$5,198$504
37 years$29,801$19,534$12,430$7,723$4,711$422
38 years$28,696$18,564$11,640$7,118$4,271$354
39 years$27,651$17,653$10,906$6,564$3,873$297
40 years$26,660$16,795$10,222$6,054$3,513$249
41 years$25,719$15,987$9,585$5,585$3,187$208
42 years$24,826$15,226$8,991$5,155$2,892$175
43 years$23,977$14,507$8,437$4,758$2,625$146
44 years$23,169$13,828$7,919$4,394$2,383$123
45 years$22,399$13,186$7,436$4,058$2,163$103
46 years$21,664$12,579$6,984$3,748$1,964$86
47 years$20,963$12,005$6,561$3,463$1,783$72
48 years$20,293$11,460$6,166$3,200$1,619$61
49 years$19,652$10,944$5,796$2,957$1,471$51
50 years$19,039$10,454$5,449$2,733$1,336$43

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 $3,354 every year, while hoping to spend $39,433 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: 23/49/28 Blend
59$19,500,000$19,500,000$19,500,000$19,500,000
60$21,492,460$20,458,960$20,156,710$21,796,341
61$23,642,734$21,419,492$20,790,003$23,020,917
62$26,011,015$22,425,769$21,443,190$24,327,512
63$28,619,497$23,479,991$22,116,896$25,725,573
64$31,492,638$24,584,463$22,811,764$27,222,670
65$34,657,390$25,741,604$23,528,460$28,827,070
66$38,143,449$26,953,948$24,267,670$30,547,801
67$41,983,543$28,224,154$25,030,099$32,394,729
68$46,213,735$29,555,008$25,816,478$34,378,639
69$50,873,765$30,949,432$26,627,558$36,511,322
70$56,007,424$32,410,489$27,464,116$38,805,676
71$61,662,968$33,941,390$28,326,952$41,275,816
72$67,893,577$35,545,504$29,216,890$43,937,189
73$74,757,848$37,226,360$30,134,782$46,806,709
74$82,320,357$38,987,660$31,081,506$49,902,901
75$90,652,265$40,833,287$32,057,968$53,246,057
76$99,831,986$42,767,308$33,065,100$56,858,416
77$109,945,935$44,793,993$34,103,867$60,764,352
78$121,089,336$46,917,814$35,175,262$64,990,587
79$133,367,124$49,143,463$36,280,310$69,566,427
80$146,894,938$51,475,859$37,420,067$74,524,016
81$161,800,205$53,920,160$38,595,623$79,898,618
82$178,223,353$56,481,775$39,808,103$85,728,932
83$196,319,127$59,166,374$41,058,666$92,057,430
84$216,258,055$61,979,903$42,348,509$98,930,736
85$238,228,056$64,928,598$43,678,864$106,400,042
86$262,436,216$68,018,997$45,051,003$114,521,566
87$289,110,738$71,257,956$46,466,240$123,357,052
88$318,503,101$74,652,664$47,925,927$132,974,327
89$350,890,432$78,210,659$49,431,460$143,447,910
90$386,578,121$81,939,846$50,984,279$154,859,685
91$425,902,705$85,848,515$52,585,869$167,299,641
92$469,235,046$89,945,357$54,237,760$180,866,689
93$516,983,830$94,239,488$55,941,534$195,669,557
94$569,599,423$98,740,466$57,698,818$211,827,778
95$627,578,130$103,458,314$59,511,294$229,472,786
96$691,466,870$108,403,543$61,380,694$248,749,105
97$761,868,349$113,587,175$63,308,805$269,815,682
98$839,446,743$119,020,768$65,297,472$292,847,333
99$924,933,969$124,716,444$67,348,595$318,036,351
100$1,019,136,597$130,686,913$69,464,137$345,594,269