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%14%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,529,197
2 years$797,174$782,328$767,939$753,988$740,456$714,578
3 years$526,170$511,260$496,907$483,087$469,776$444,586
4 years$390,695$375,830$361,621$348,037$335,048$310,740
5 years$309,431$294,655$280,633$267,326$254,698$231,342
6 years$255,273$240,608$226,793$213,783$201,534$179,157
7 years$216,603$202,062$188,466$175,763$163,901$142,510
8 years$187,615$173,205$159,834$147,443$135,972$115,561
9 years$165,080$150,806$137,665$125,589$114,508$95,068
10 years$147,062$132,928$120,020$108,259$97,566$79,080
11 years$132,330$118,338$105,663$94,217$83,910$66,358
12 years$120,063$106,214$93,774$82,641$72,715$56,075
13 years$109,690$95,986$83,780$72,960$63,409$47,655
14 years$100,807$87,249$75,277$64,766$55,584$40,691
15 years$93,116$79,703$67,965$57,760$48,940$34,879
16 years$86,392$73,126$61,620$51,717$43,254$29,996
17 years$80,466$67,347$56,072$46,468$38,352$25,867
18 years$75,204$62,231$51,187$41,877$34,101$22,359
19 years$70,501$57,675$46,859$37,839$30,395$19,364
20 years$66,274$53,595$43,005$34,271$27,149$16,800
21 years$62,455$49,921$39,556$31,103$24,295$14,596
22 years$58,987$46,600$36,457$28,280$21,777$12,697
23 years$55,826$43,584$33,662$25,755$19,549$11,057
24 years$52,932$40,835$31,131$23,490$17,571$9,638
25 years$50,274$38,322$28,834$21,452$15,811$8,408
26 years$47,824$36,016$26,742$19,615$14,242$7,340
27 years$45,560$33,896$24,832$17,954$12,840$6,412
28 years$43,461$31,940$23,085$16,450$11,586$5,604
29 years$41,511$30,131$21,482$15,085$10,462$4,900
30 years$39,694$28,456$20,010$13,844$9,453$4,286
31 years$37,997$26,900$18,655$12,715$8,546$3,750
32 years$36,410$25,453$17,405$11,685$7,731$3,283
33 years$34,922$24,105$16,251$10,745$6,996$2,874
34 years$33,524$22,846$15,184$9,887$6,334$2,517
35 years$32,209$21,669$14,196$9,101$5,737$2,205
36 years$30,971$20,567$13,280$8,382$5,198$1,932
37 years$29,801$19,534$12,430$7,723$4,711$1,693
38 years$28,696$18,564$11,640$7,118$4,271$1,483
39 years$27,651$17,653$10,906$6,564$3,873$1,300
40 years$26,660$16,795$10,222$6,054$3,513$1,139
41 years$25,719$15,987$9,585$5,585$3,187$999
42 years$24,826$15,226$8,991$5,155$2,892$876
43 years$23,977$14,507$8,437$4,758$2,625$768
44 years$23,169$13,828$7,919$4,394$2,383$673
45 years$22,399$13,186$7,436$4,058$2,163$590
46 years$21,664$12,579$6,984$3,748$1,964$518
47 years$20,963$12,005$6,561$3,463$1,783$454
48 years$20,293$11,460$6,166$3,200$1,619$398
49 years$19,652$10,944$5,796$2,957$1,471$349
50 years$19,039$10,454$5,449$2,733$1,336$306

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 $2,774 every year, while hoping to spend $39,506 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: 49/36/15 Blend
59$19,500,000$19,500,000$19,500,000$19,500,000
60$21,491,861$20,458,361$20,156,111$22,455,564
61$23,641,997$21,418,787$20,789,307$24,080,712
62$26,010,123$22,424,949$21,442,391$25,840,760
63$28,618,431$23,479,048$22,115,987$27,751,788
64$31,491,379$24,583,389$22,810,740$29,827,972
65$34,655,913$25,740,389$23,527,314$32,084,879
66$38,141,732$26,952,583$24,266,394$34,539,609
67$41,981,557$28,222,628$25,028,687$37,210,945
68$46,211,450$29,553,311$25,814,922$40,119,523
69$50,871,147$30,947,553$26,625,851$43,288,022
70$56,004,436$32,408,415$27,462,249$46,741,361
71$61,659,570$33,939,109$28,324,916$50,506,933
72$67,889,722$35,543,001$29,214,676$54,614,851
73$74,753,488$37,223,622$30,132,382$59,098,220
74$82,315,436$38,984,672$31,078,909$63,993,438
75$90,646,721$40,830,032$32,055,164$69,340,535
76$99,825,754$42,763,770$33,062,079$75,183,532
77$109,938,940$44,790,154$34,100,617$81,570,846
78$121,081,495$46,913,655$35,171,772$88,555,736
79$133,358,348$49,138,965$36,276,566$96,196,791
80$146,885,126$51,471,001$37,416,058$104,558,468
81$161,789,249$53,914,919$38,591,336$113,711,689
82$178,211,130$56,476,128$39,803,523$123,734,489
83$196,305,503$59,160,296$41,053,779$134,712,744
84$216,242,883$61,973,369$42,343,299$146,740,957
85$238,211,174$64,921,581$43,673,316$159,923,139
86$262,417,443$68,011,467$45,045,101$174,373,768
87$289,089,876$71,249,883$46,459,966$190,218,853
88$318,479,932$74,644,016$47,919,264$207,597,098
89$350,864,714$78,201,402$49,424,388$226,661,199
90$386,549,589$81,929,945$50,976,779$247,579,253
91$425,871,066$85,837,932$52,577,921$270,536,330
92$469,199,977$89,934,053$54,229,343$295,736,190
93$516,944,974$94,227,420$55,932,625$323,403,183
94$569,556,388$98,727,591$57,689,395$353,784,342
95$627,530,482$103,444,585$59,501,332$387,151,682
96$691,414,132$108,388,911$61,370,168$423,804,743
97$761,809,995$113,571,588$63,297,690$464,073,386
98$839,382,191$119,004,173$65,285,739$508,320,873
99$924,862,581$124,698,784$67,336,217$556,947,265
100$1,019,057,667$130,668,127$69,451,084$610,393,160