Can I retire at age 60 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,522,449
2 years$805,350$790,351$775,815$761,721$748,050$699,655
3 years$531,567$516,503$502,004$488,042$474,594$427,777
4 years$394,702$379,685$365,330$351,607$338,484$293,606
5 years$312,605$297,677$283,511$270,068$257,310$214,491
6 years$257,891$243,076$229,119$215,975$203,601$162,877
7 years$218,825$204,135$190,399$177,565$165,582$126,952
8 years$189,539$174,981$161,474$148,955$137,366$100,805
9 years$166,773$152,353$139,077$126,877$115,682$81,149
10 years$148,571$134,291$121,251$109,369$98,567$66,012
11 years$133,688$119,552$106,747$95,184$84,771$54,137
12 years$121,294$107,303$94,735$83,489$73,461$44,684
13 years$110,815$96,971$84,640$73,708$64,059$37,071
14 years$101,841$88,144$76,049$65,430$56,154$30,884
15 years$94,071$80,521$68,662$58,352$49,442$25,816
16 years$87,278$73,876$62,253$52,248$43,697$21,641
17 years$81,291$68,037$56,647$46,944$38,745$18,182
18 years$75,975$62,870$51,712$42,306$34,450$15,306
19 years$71,225$58,267$47,339$38,227$30,706$12,905
20 years$66,954$54,144$43,446$34,622$27,427$10,895
21 years$63,095$50,433$39,962$31,422$24,544$9,208
22 years$59,592$47,078$36,831$28,570$22,001$7,790
23 years$56,398$44,031$34,007$26,019$19,749$6,595
24 years$53,475$41,254$31,451$23,731$17,751$5,588
25 years$50,790$38,715$29,130$21,672$15,973$4,737
26 years$48,315$36,386$27,016$19,816$14,388$4,017
27 years$46,027$34,243$25,087$18,138$12,972$3,408
28 years$43,907$32,267$23,322$16,618$11,705$2,893
29 years$41,936$30,440$21,703$15,239$10,569$2,456
30 years$40,101$28,748$20,215$13,986$9,550$2,085
31 years$38,387$27,176$18,846$12,845$8,634$1,771
32 years$36,783$25,714$17,584$11,805$7,810$1,505
33 years$35,280$24,352$16,418$10,856$7,068$1,278
34 years$33,868$23,080$15,340$9,988$6,399$1,086
35 years$32,540$21,891$14,342$9,195$5,796$923
36 years$31,288$20,778$13,416$8,468$5,252$785
37 years$30,107$19,734$12,558$7,802$4,760$667
38 years$28,991$18,754$11,760$7,191$4,315$567
39 years$27,934$17,834$11,017$6,631$3,913$482
40 years$26,933$16,967$10,327$6,116$3,549$410
41 years$25,983$16,151$9,683$5,643$3,220$348
42 years$25,081$15,382$9,083$5,208$2,922$296
43 years$24,223$14,656$8,523$4,807$2,652$252
44 years$23,406$13,970$8,001$4,439$2,407$214
45 years$22,628$13,322$7,512$4,099$2,185$182
46 years$21,886$12,708$7,056$3,787$1,984$155
47 years$21,178$12,128$6,629$3,498$1,802$132
48 years$20,501$11,577$6,229$3,233$1,636$112
49 years$19,854$11,056$5,855$2,987$1,486$95
50 years$19,234$10,561$5,505$2,761$1,350$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,700,000, adding $5,776 every year, while hoping to spend $23,792 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: 78/10/12 Blend
59$19,700,000$19,700,000$19,700,000$19,700,000
60$21,715,358$20,671,258$20,365,908$23,359,321
61$23,905,010$21,658,835$21,022,851$25,429,296
62$26,317,209$22,694,006$21,701,005$27,695,490
63$28,974,630$23,779,078$22,401,054$30,180,420
64$31,902,259$24,916,470$23,123,707$32,905,904
65$35,127,632$26,108,719$23,869,693$35,895,967
66$38,681,089$27,358,485$24,639,767$39,177,062
67$42,596,069$28,668,559$25,434,707$42,778,319
68$46,909,415$30,041,866$26,255,317$46,731,816
69$51,661,732$31,481,474$27,102,427$51,072,879
70$56,897,764$32,990,602$27,976,893$55,840,411
71$62,666,817$34,572,622$28,879,600$61,077,259
72$69,023,225$36,231,074$29,811,460$66,830,611
73$76,026,866$37,969,668$30,773,416$73,152,440
74$83,743,721$39,792,297$31,766,440$80,099,991
75$92,246,502$41,703,040$32,791,537$87,736,316
76$101,615,336$43,706,180$33,849,744$96,130,868
77$111,938,521$45,806,203$34,942,131$105,360,148
78$123,313,361$48,007,818$36,069,804$115,508,424
79$135,847,084$50,315,961$37,233,902$126,668,526
80$149,657,852$52,735,810$38,435,604$138,942,711
81$164,875,882$55,272,794$39,676,126$152,443,627
82$181,644,669$57,932,607$40,956,722$167,295,370
83$200,122,342$60,721,221$42,278,689$183,634,650
84$220,483,159$63,644,900$43,643,364$201,612,076
85$242,919,154$66,710,212$45,052,129$221,393,569
86$267,641,940$69,924,046$46,506,408$243,161,927
87$294,884,720$73,293,626$48,007,675$267,118,540
88$324,904,477$76,826,529$49,557,448$293,485,285
89$357,984,408$80,530,702$51,157,296$322,506,614
90$394,436,590$84,414,480$52,808,838$354,451,853
91$434,604,936$88,486,603$54,513,747$389,617,737
92$478,868,430$92,756,238$56,273,749$428,331,206
93$527,644,716$97,232,999$58,090,625$470,952,476
94$581,394,031$101,926,970$59,966,216$517,878,436
95$640,623,558$106,848,727$61,902,419$569,546,384
96$705,892,207$112,009,361$63,901,197$626,438,146
97$777,815,898$117,420,505$65,964,572$689,084,611
98$857,073,369$123,094,360$68,094,635$758,070,736
99$944,412,591$129,043,721$70,293,543$834,041,057
100$1,040,657,821$135,282,010$72,563,524$917,705,756