Can I retire at age 60 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,555,038
2 years$801,262$786,339$771,877$757,855$744,253$736,287
3 years$528,869$513,882$499,455$485,565$472,185$464,392
4 years$392,699$377,757$363,476$349,822$336,766$329,207
5 years$311,018$296,166$282,072$268,697$256,004$248,702
6 years$256,582$241,842$227,956$214,879$202,567$195,531
7 years$217,714$203,099$189,433$176,664$164,742$157,974
8 years$188,577$174,093$160,654$148,199$136,669$130,171
9 years$165,926$151,579$138,371$126,233$115,095$108,865
10 years$147,817$133,610$120,635$108,814$98,067$92,102
11 years$133,009$118,945$106,205$94,701$84,341$78,637
12 years$120,678$106,759$94,254$83,065$73,088$67,641
13 years$110,253$96,479$84,210$73,334$63,734$58,538
14 years$101,324$87,696$75,663$65,098$55,869$50,918
15 years$93,593$80,112$68,314$58,056$49,191$44,480
16 years$86,835$73,501$61,936$51,983$43,475$38,997
17 years$80,879$67,692$56,360$46,706$38,548$34,296
18 years$75,590$62,550$51,449$42,092$34,275$30,242
19 years$70,863$57,971$47,099$38,033$30,550$26,728
20 years$66,614$53,870$43,225$34,446$27,288$23,670
21 years$62,775$50,177$39,759$31,262$24,420$20,999
22 years$59,290$46,839$36,644$28,425$21,889$18,657
23 years$56,112$43,807$33,834$25,887$19,649$16,599
24 years$53,204$41,045$31,291$23,610$17,661$14,785
25 years$50,532$38,518$28,982$21,562$15,892$13,183
26 years$48,070$36,201$26,879$19,715$14,315$11,766
27 years$45,794$34,069$24,960$18,046$12,906$10,509
28 years$43,684$32,103$23,203$16,534$11,645$9,394
29 years$41,724$30,286$21,592$15,162$10,516$8,402
30 years$39,897$28,602$20,113$13,915$9,501$7,519
31 years$38,192$27,038$18,750$12,780$8,590$6,733
32 years$36,596$25,584$17,494$11,745$7,770$6,031
33 years$35,101$24,228$16,335$10,800$7,032$5,405
34 years$33,696$22,963$15,262$9,937$6,367$4,845
35 years$32,375$21,780$14,269$9,148$5,767$4,345
36 years$31,129$20,672$13,348$8,425$5,225$3,898
37 years$29,954$19,634$12,494$7,763$4,736$3,497
38 years$28,843$18,659$11,700$7,155$4,293$3,139
39 years$27,792$17,743$10,962$6,597$3,893$2,817
40 years$26,796$16,881$10,274$6,085$3,531$2,529
41 years$25,851$16,069$9,634$5,614$3,204$2,271
42 years$24,954$15,304$9,037$5,181$2,907$2,040
43 years$24,100$14,581$8,480$4,783$2,638$1,832
44 years$23,288$13,899$7,960$4,416$2,395$1,646
45 years$22,513$13,254$7,474$4,078$2,174$1,479
46 years$21,775$12,644$7,020$3,767$1,974$1,329
47 years$21,070$12,066$6,595$3,481$1,792$1,194
48 years$20,397$11,519$6,198$3,216$1,628$1,073
49 years$19,753$11,000$5,825$2,972$1,478$964
50 years$19,136$10,507$5,477$2,747$1,343$867

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,600,000, adding $3,793 every year, while hoping to spend $37,931 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: 85/10/5 Blend
59$19,600,000$19,600,000$19,600,000$19,600,000
60$21,603,112$20,564,312$20,260,512$23,439,429
61$23,766,272$21,531,606$20,898,881$25,604,246
62$26,148,802$22,545,025$21,557,364$27,976,416
63$28,773,039$23,606,790$22,236,595$30,581,139
64$31,663,595$24,719,229$22,937,227$33,441,749
65$34,847,593$25,884,782$23,659,936$36,583,943
66$38,354,919$27,106,009$24,405,416$40,036,019
67$42,218,509$28,385,591$25,174,385$43,829,146
68$46,474,653$29,726,341$25,967,583$47,997,652
69$51,163,344$31,131,208$26,785,773$52,579,347
70$56,328,653$32,603,285$27,629,744$57,615,877
71$62,019,142$34,145,813$28,500,307$63,153,112
72$68,288,327$35,762,191$29,398,301$69,241,582
73$75,195,182$37,455,983$30,324,589$75,936,944
74$82,804,691$39,230,927$31,280,063$83,300,509
75$91,188,468$41,090,940$32,265,643$91,399,816
76$100,425,427$43,040,132$33,282,278$100,309,263
77$110,602,531$45,082,809$34,330,945$110,110,813
78$121,815,613$47,223,490$35,412,655$120,894,755
79$134,170,274$49,466,910$36,528,448$132,760,561
80$147,782,890$51,818,036$37,679,399$145,817,814
81$162,781,700$54,282,076$38,866,614$160,187,241
82$179,308,026$56,864,489$40,091,238$176,001,848
83$197,517,598$59,571,003$41,354,448$193,408,171
84$217,582,031$62,407,620$42,657,460$212,567,654
85$239,690,442$65,380,638$44,001,529$233,658,169
86$264,051,235$68,496,657$45,387,948$256,875,687
87$290,894,069$71,762,600$46,818,052$282,436,125
88$320,472,024$75,185,728$48,293,216$310,577,376
89$353,063,993$78,773,651$49,814,862$341,561,552
90$388,977,314$82,534,354$51,384,453$375,677,449
91$428,550,668$86,476,205$53,003,501$413,243,266
92$472,157,281$90,607,984$54,673,563$454,609,605
93$520,208,444$94,938,896$56,396,248$500,162,771
94$573,157,395$99,478,592$58,173,212$550,328,413
95$631,503,602$104,237,195$60,006,167$605,575,530
96$695,797,473$109,225,321$61,896,877$666,420,896
97$766,645,554$114,454,101$63,847,162$733,433,925
98$844,716,257$119,935,208$65,858,898$807,242,039
99$930,746,167$125,680,885$67,934,023$888,536,583
100$1,025,546,996$131,703,969$70,074,533$978,079,337