Can I retire at age 60 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,545,738
2 years$809,438$794,363$779,753$765,588$751,848$718,613
3 years$534,265$519,125$504,552$490,519$477,003$444,714
4 years$396,706$381,612$367,185$353,392$340,203$309,108
5 years$314,192$299,188$284,950$271,439$258,617$228,803
6 years$259,200$244,310$230,282$217,072$204,634$176,135
7 years$219,936$205,171$191,366$178,467$166,423$139,243
8 years$190,501$175,869$162,293$149,711$138,064$112,195
9 years$167,619$153,126$139,783$127,521$116,270$91,694
10 years$149,325$134,973$121,866$109,924$99,067$75,760
11 years$134,366$120,159$107,289$95,667$85,201$63,133
12 years$121,910$107,848$95,216$83,913$73,834$52,970
13 years$111,378$97,463$85,069$74,082$64,384$44,691
14 years$102,358$88,591$76,435$65,762$56,439$37,876
15 years$94,548$80,930$69,011$58,648$49,693$32,221
16 years$87,721$74,251$62,569$52,513$43,919$27,496
17 years$81,704$68,383$56,935$47,183$38,942$23,525
18 years$76,361$63,189$51,974$42,521$34,625$20,172
19 years$71,586$58,563$47,580$38,421$30,862$17,329
20 years$67,294$54,419$43,666$34,798$27,567$14,911
21 years$63,416$50,689$40,165$31,581$24,669$12,847
22 years$59,895$47,317$37,018$28,715$22,112$11,082
23 years$56,685$44,254$34,179$26,151$19,849$9,568
24 years$53,746$41,463$31,610$23,851$17,841$8,268
25 years$51,047$38,911$29,277$21,782$16,054$7,150
26 years$48,560$36,570$27,153$19,917$14,461$6,188
27 years$46,261$34,417$25,214$18,230$13,038$5,357
28 years$44,130$32,431$23,440$16,703$11,764$4,640
29 years$42,149$30,595$21,813$15,317$10,623$4,021
30 years$40,304$28,894$20,318$14,057$9,598$3,486
31 years$38,582$27,314$18,942$12,910$8,678$3,022
32 years$36,970$25,845$17,673$11,865$7,850$2,622
33 years$35,459$24,475$16,501$10,911$7,104$2,274
34 years$34,040$23,197$15,418$10,039$6,432$1,973
35 years$32,705$22,002$14,415$9,241$5,826$1,713
36 years$31,447$20,883$13,485$8,511$5,278$1,486
37 years$30,260$19,834$12,621$7,842$4,784$1,290
38 years$29,138$18,850$11,819$7,228$4,337$1,120
39 years$28,076$17,924$11,073$6,664$3,933$973
40 years$27,070$17,053$10,379$6,147$3,567$845
41 years$26,115$16,233$9,732$5,671$3,236$733
42 years$25,208$15,460$9,129$5,234$2,937$637
43 years$24,346$14,730$8,567$4,832$2,665$553
44 years$23,525$14,041$8,041$4,461$2,419$480
45 years$22,743$13,389$7,550$4,120$2,196$417
46 years$21,997$12,773$7,092$3,806$1,994$363
47 years$21,285$12,189$6,662$3,516$1,811$315
48 years$20,605$11,636$6,261$3,249$1,644$274
49 years$19,954$11,112$5,885$3,003$1,493$238
50 years$19,332$10,615$5,533$2,775$1,357$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,800,000, adding $2,334 every year, while hoping to spend $24,204 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: 68/5/27 Blend
59$19,800,000$19,800,000$19,800,000$19,800,000
60$21,822,008$20,772,608$20,465,708$23,152,722
61$24,022,099$21,764,712$21,125,556$25,039,823
62$26,445,789$22,804,619$21,806,698$27,100,717
63$29,115,859$23,894,645$22,509,821$29,355,003
64$32,057,413$25,037,218$23,235,636$31,821,818
65$35,298,115$26,234,888$23,984,876$34,522,232
66$38,868,450$27,490,325$24,758,297$37,479,439
67$42,802,012$28,806,331$25,556,680$40,718,979
68$47,135,820$30,185,844$26,380,831$44,268,972
69$51,910,668$31,631,945$27,231,584$48,160,380
70$57,171,512$33,147,866$28,109,798$52,427,301
71$62,967,889$34,736,994$29,016,359$57,107,282
72$69,354,390$36,402,884$29,952,184$62,241,673
73$76,391,174$38,149,261$30,918,218$67,876,014
74$84,144,533$39,980,033$31,915,437$74,060,459
75$92,687,520$41,899,299$32,944,848$80,850,248
76$102,100,639$43,911,358$34,007,493$88,306,222
77$112,472,605$46,020,715$35,104,445$96,495,398
78$123,901,179$48,232,098$36,236,812$105,491,590
79$136,494,093$50,550,465$37,405,739$115,376,109
80$150,370,067$52,981,014$38,612,408$126,238,520
81$165,659,927$55,529,197$39,858,037$138,177,487
82$182,507,845$58,200,733$41,143,887$151,301,697
83$201,072,695$61,001,619$42,471,256$165,730,881
84$221,529,554$63,938,142$43,841,488$181,596,940
85$244,071,358$67,016,900$45,255,967$199,045,184
86$268,910,718$70,244,810$46,716,123$218,235,698
87$296,281,931$73,629,126$48,223,433$239,344,847
88$326,443,191$77,177,456$49,779,421$262,566,936
89$359,679,025$80,897,780$51,385,661$288,116,037
90$396,302,981$84,798,467$53,043,776$316,228,001
91$436,660,587$88,888,293$54,755,444$347,162,681
92$481,132,612$93,176,464$56,522,396$381,206,377
93$530,138,661$97,672,634$58,346,420$418,674,531
94$584,141,139$102,386,928$60,229,359$459,914,694
95$643,649,612$107,329,964$62,173,120$505,309,805
96$709,225,621$112,512,881$64,179,668$555,281,792
97$781,487,981$117,947,359$66,251,033$610,295,551
98$861,118,624$123,645,648$68,389,312$670,863,321
99$948,869,037$129,620,598$70,596,667$737,549,515
100$1,045,567,355$135,885,685$72,875,332$810,976,034