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%18.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,525,897
2 years$809,438$794,363$779,753$765,588$751,848$698,991
3 years$534,265$519,125$504,552$490,519$477,003$425,932
4 years$396,706$381,612$367,185$353,392$340,203$291,308
5 years$314,192$299,188$284,950$271,439$258,617$212,029
6 years$259,200$244,310$230,282$217,072$204,634$160,390
7 years$219,936$205,171$191,366$178,467$166,423$124,516
8 years$190,501$175,869$162,293$149,711$138,064$98,463
9 years$167,619$153,126$139,783$127,521$116,270$78,926
10 years$149,325$134,973$121,866$109,924$99,067$63,922
11 years$134,366$120,159$107,289$95,667$85,201$52,186
12 years$121,910$107,848$95,216$83,913$73,834$42,874
13 years$111,378$97,463$85,069$74,082$64,384$35,401
14 years$102,358$88,591$76,435$65,762$56,439$29,349
15 years$94,548$80,930$69,011$58,648$49,693$24,412
16 years$87,721$74,251$62,569$52,513$43,919$20,360
17 years$81,704$68,383$56,935$47,183$38,942$17,019
18 years$76,361$63,189$51,974$42,521$34,625$14,252
19 years$71,586$58,563$47,580$38,421$30,862$11,953
20 years$67,294$54,419$43,666$34,798$27,567$10,037
21 years$63,416$50,689$40,165$31,581$24,669$8,438
22 years$59,895$47,317$37,018$28,715$22,112$7,099
23 years$56,685$44,254$34,179$26,151$19,849$5,978
24 years$53,746$41,463$31,610$23,851$17,841$5,036
25 years$51,047$38,911$29,277$21,782$16,054$4,245
26 years$48,560$36,570$27,153$19,917$14,461$3,580
27 years$46,261$34,417$25,214$18,230$13,038$3,020
28 years$44,130$32,431$23,440$16,703$11,764$2,549
29 years$42,149$30,595$21,813$15,317$10,623$2,152
30 years$40,304$28,894$20,318$14,057$9,598$1,817
31 years$38,582$27,314$18,942$12,910$8,678$1,534
32 years$36,970$25,845$17,673$11,865$7,850$1,296
33 years$35,459$24,475$16,501$10,911$7,104$1,094
34 years$34,040$23,197$15,418$10,039$6,432$925
35 years$32,705$22,002$14,415$9,241$5,826$781
36 years$31,447$20,883$13,485$8,511$5,278$660
37 years$30,260$19,834$12,621$7,842$4,784$558
38 years$29,138$18,850$11,819$7,228$4,337$471
39 years$28,076$17,924$11,073$6,664$3,933$398
40 years$27,070$17,053$10,379$6,147$3,567$337
41 years$26,115$16,233$9,732$5,671$3,236$284
42 years$25,208$15,460$9,129$5,234$2,937$240
43 years$24,346$14,730$8,567$4,832$2,665$203
44 years$23,525$14,041$8,041$4,461$2,419$172
45 years$22,743$13,389$7,550$4,120$2,196$145
46 years$21,997$12,773$7,092$3,806$1,994$123
47 years$21,285$12,189$6,662$3,516$1,811$104
48 years$20,605$11,636$6,261$3,249$1,644$88
49 years$19,954$11,112$5,885$3,003$1,493$74
50 years$19,332$10,615$5,533$2,775$1,357$63

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 $6,270 every year, while hoping to spend $58,744 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: 37/48/15 Blend
59$19,800,000$19,800,000$19,800,000$19,800,000
60$21,826,068$20,776,668$20,469,768$22,533,725
61$23,989,823$21,732,221$21,093,002$23,998,304
62$26,372,313$22,732,628$21,735,145$25,573,144
63$28,995,786$23,780,024$22,396,770$27,272,927
64$31,884,759$24,876,647$23,078,464$29,108,867
65$35,066,246$26,024,844$23,780,834$31,093,255
66$38,570,015$27,227,074$24,504,504$33,239,563
67$42,428,870$28,485,914$25,250,118$35,562,565
68$46,678,957$29,804,066$26,018,339$38,078,462
69$51,360,106$31,184,361$26,809,849$40,805,026
70$56,516,209$32,629,767$27,625,352$43,761,757
71$62,195,632$34,143,395$28,465,571$46,970,054
72$68,451,672$35,728,507$29,331,252$50,453,407
73$75,343,058$37,388,519$30,223,165$54,237,603
74$82,934,509$39,127,015$31,142,100$58,350,956
75$91,297,341$40,947,752$32,088,873$62,824,563
76$100,510,143$42,854,665$33,064,323$67,692,580
77$110,659,516$44,851,881$34,069,316$72,992,531
78$121,840,890$46,943,728$35,104,742$78,765,642
79$134,159,430$49,134,739$36,171,519$85,057,220
80$147,731,019$51,429,668$37,270,593$91,917,055
81$162,683,362$53,833,501$38,402,936$99,399,877
82$179,157,182$56,351,460$39,569,552$107,565,853
83$197,307,556$58,989,022$40,771,473$116,481,130
84$217,305,372$61,751,930$42,009,763$126,218,443
85$239,338,948$64,646,203$43,285,518$136,857,778
86$263,615,804$67,678,150$44,599,867$148,487,101
87$290,364,625$70,854,388$45,953,971$161,203,167
88$319,837,415$74,181,852$47,349,027$175,112,408
89$352,311,882$77,667,813$48,786,270$190,331,908
90$388,094,052$81,319,893$50,266,968$206,990,482
91$427,521,163$85,146,087$51,792,430$225,229,863
92$470,964,848$89,154,771$53,364,002$245,206,008
93$518,834,639$93,354,732$54,983,073$267,090,538
94$571,581,838$97,755,179$56,651,071$291,072,328
95$629,703,771$102,365,769$58,369,468$317,359,247
96$693,748,491$107,196,626$60,139,780$346,180,091
97$764,319,942$112,258,366$61,963,568$377,786,701
98$842,083,668$117,562,117$63,842,439$412,456,298
99$927,773,091$123,119,550$65,778,050$450,494,062
100$1,022,196,438$128,942,900$67,772,106$492,235,962