Can I retire at age 60 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,277,788
2 years$662,268$649,934$637,980$626,390$615,148$601,029
3 years$437,126$424,739$412,815$401,334$390,275$376,498
4 years$324,577$312,228$300,424$289,139$278,348$265,019
5 years$257,066$244,791$233,141$222,086$211,595$198,753
6 years$212,073$199,890$188,413$177,604$167,428$155,089
7 years$179,948$167,867$156,572$146,018$136,164$124,332
8 years$155,865$143,893$132,785$122,491$112,961$101,637
9 years$137,143$125,285$114,368$104,335$95,130$84,308
10 years$122,175$110,433$99,709$89,938$81,055$70,729
11 years$109,936$98,312$87,782$78,273$69,710$59,871
12 years$99,744$88,239$77,904$68,656$60,409$51,048
13 years$91,127$79,742$69,602$60,613$52,678$43,782
14 years$83,748$72,484$62,538$53,805$46,177$37,735
15 years$77,358$66,215$56,463$47,985$40,658$32,656
16 years$71,772$60,751$51,192$42,965$35,934$28,358
17 years$66,849$55,950$46,583$38,604$31,861$24,698
18 years$62,477$51,700$42,524$34,790$28,330$21,564
19 years$58,570$47,915$38,929$31,436$25,251$18,868
20 years$55,059$44,525$35,727$28,471$22,555$16,540
21 years$51,886$41,473$32,862$25,839$20,184$14,522
22 years$49,005$38,714$30,287$23,494$18,092$12,768
23 years$46,378$36,208$27,965$21,396$16,240$11,240
24 years$43,974$33,925$25,863$19,515$14,597$9,905
25 years$41,766$31,837$23,954$17,822$13,135$8,736
26 years$39,731$29,921$22,216$16,295$11,832$7,712
27 years$37,850$28,159$20,630$14,916$10,667$6,812
28 years$36,106$26,534$19,178$13,666$9,625$6,021
29 years$34,486$25,032$17,847$12,532$8,691$5,325
30 years$32,976$23,640$16,624$11,501$7,853$4,712
31 years$31,567$22,348$15,498$10,563$7,100$4,171
32 years$30,248$21,146$14,460$9,708$6,423$3,694
33 years$29,012$20,025$13,501$8,927$5,812$3,272
34 years$27,851$18,979$12,615$8,214$5,262$2,899
35 years$26,759$18,002$11,794$7,561$4,766$2,570
36 years$25,729$17,086$11,033$6,964$4,319$2,278
37 years$24,758$16,228$10,327$6,416$3,914$2,020
38 years$23,840$15,422$9,670$5,914$3,549$1,791
39 years$22,971$14,665$9,060$5,453$3,218$1,589
40 years$22,148$13,953$8,492$5,029$2,919$1,410
41 years$21,367$13,282$7,963$4,640$2,648$1,251
42 years$20,625$12,649$7,469$4,282$2,403$1,110
43 years$19,919$12,052$7,009$3,953$2,181$985
44 years$19,248$11,488$6,579$3,650$1,979$874
45 years$18,608$10,955$6,178$3,371$1,797$776
46 years$17,998$10,451$5,802$3,114$1,631$689
47 years$17,415$9,973$5,451$2,877$1,481$611
48 years$16,858$9,521$5,122$2,658$1,345$543
49 years$16,326$9,092$4,815$2,457$1,222$482
50 years$15,817$8,685$4,527$2,271$1,110$428

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,200,000, adding $4,750 every year, while hoping to spend $51,430 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: 50/40/10 Blend
59$16,200,000$16,200,000$16,200,000$16,200,000
60$17,857,300$16,998,700$16,747,600$18,702,529
61$19,624,023$17,776,915$17,253,923$20,059,270
62$21,569,229$18,591,539$17,775,485$21,526,925
63$23,711,067$19,444,301$18,312,741$23,120,554
64$26,069,539$20,337,015$18,866,161$24,851,986
65$28,666,683$21,271,580$19,436,228$26,734,213
66$31,526,785$22,249,988$20,023,442$28,781,501
67$34,676,604$23,274,324$20,628,314$31,009,526
68$38,145,629$24,346,777$21,251,374$33,435,506
69$41,966,352$25,469,638$21,893,164$36,078,365
70$46,174,580$26,645,311$22,554,245$38,958,897
71$50,809,768$27,876,312$23,235,193$42,099,958
72$55,915,396$29,165,282$23,936,603$45,526,675
73$61,539,372$30,514,987$24,659,086$49,266,671
74$67,734,494$31,928,327$25,403,271$53,350,316
75$74,558,938$33,408,341$26,169,806$57,811,011
76$82,076,814$34,958,215$26,959,359$62,685,485
77$90,358,770$36,581,287$27,772,618$68,014,137
78$99,482,653$38,281,059$28,610,290$73,841,404
79$109,534,252$40,061,200$29,473,103$80,216,169
80$120,608,102$41,925,554$30,361,808$87,192,214
81$132,808,377$43,878,155$31,277,177$94,828,710
82$146,249,875$45,923,229$32,220,006$103,190,767
83$161,059,100$48,065,204$33,191,114$112,350,031
84$177,375,455$50,308,726$34,191,343$122,385,351
85$195,352,561$52,658,664$35,221,563$133,383,503
86$215,159,703$55,120,119$36,282,666$145,439,999
87$236,983,431$57,698,443$37,375,574$158,659,966
88$261,029,319$60,399,244$38,501,233$173,159,129
89$287,523,905$63,228,403$39,660,620$189,064,878
90$316,716,830$66,192,082$40,854,738$206,517,455
91$348,883,198$69,296,744$42,084,622$225,671,262
92$384,326,163$72,549,164$43,351,336$246,696,290
93$423,379,803$75,956,445$44,655,978$269,779,708
94$466,412,265$79,526,032$45,999,674$295,127,608
95$513,829,240$83,265,732$47,383,587$322,966,922
96$566,077,799$87,183,729$48,808,914$353,547,543
97$623,650,607$91,288,604$50,276,885$387,144,658
98$687,090,577$95,589,354$51,788,769$424,061,319
99$756,995,994$100,095,410$53,345,871$464,631,273
100$834,026,162$104,816,662$54,949,534$509,222,085