Can I retire at age 60 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,255,166
2 years$666,356$653,946$641,918$630,257$618,945$574,447
3 years$439,824$427,361$415,363$403,811$392,684$349,704
4 years$326,581$314,155$302,278$290,923$280,066$238,932
5 years$258,653$246,302$234,580$223,457$212,901$173,723
6 years$213,382$201,124$189,576$178,700$168,462$131,270
7 years$181,058$168,903$157,538$146,919$137,004$101,792
8 years$156,827$144,781$133,605$123,247$113,658$80,399
9 years$137,990$126,058$115,074$104,979$95,717$64,368
10 years$122,929$111,114$100,324$90,493$81,556$52,065
11 years$110,615$98,918$88,324$78,756$70,140$42,451
12 years$100,360$88,784$78,385$69,080$60,782$34,830
13 years$91,690$80,235$70,032$60,987$53,003$28,720
14 years$84,265$72,931$62,924$54,137$46,462$23,777
15 years$77,835$66,624$56,812$48,281$40,909$19,749
16 years$72,215$61,126$51,508$43,230$36,156$16,448
17 years$67,261$56,295$46,870$38,842$32,058$13,728
18 years$62,863$52,019$42,787$35,005$28,505$11,479
19 years$58,932$48,211$39,169$31,630$25,407$9,613
20 years$55,399$44,800$35,948$28,647$22,694$8,060
21 years$52,206$41,729$33,065$25,999$20,308$6,765
22 years$49,307$38,953$30,474$23,639$18,204$5,683
23 years$46,665$36,432$28,138$21,528$16,341$4,777
24 years$44,246$34,134$26,023$19,635$14,687$4,019
25 years$42,024$32,033$24,102$17,932$13,216$3,382
26 years$39,976$30,106$22,353$16,396$11,905$2,848
27 years$38,084$28,333$20,757$15,008$10,733$2,399
28 years$36,329$26,698$19,296$13,750$9,685$2,021
29 years$34,699$25,187$17,957$12,609$8,745$1,703
30 years$33,180$23,786$16,726$11,572$7,902$1,435
31 years$31,762$22,486$15,593$10,628$7,144$1,210
32 years$30,435$21,276$14,549$9,768$6,462$1,020
33 years$29,191$20,149$13,584$8,982$5,848$861
34 years$28,023$19,097$12,692$8,264$5,295$726
35 years$26,924$18,113$11,867$7,608$4,796$612
36 years$25,888$17,192$11,101$7,007$4,345$516
37 years$24,911$16,328$10,390$6,456$3,938$436
38 years$23,987$15,518$9,730$5,950$3,570$368
39 years$23,113$14,756$9,116$5,486$3,238$310
40 years$22,285$14,039$8,544$5,060$2,937$262
41 years$21,499$13,364$8,012$4,669$2,664$221
42 years$20,752$12,727$7,515$4,309$2,418$186
43 years$20,042$12,126$7,052$3,978$2,194$157
44 years$19,367$11,559$6,620$3,673$1,992$133
45 years$18,723$11,023$6,216$3,392$1,808$112
46 years$18,109$10,515$5,838$3,133$1,642$94
47 years$17,523$10,035$5,485$2,895$1,491$80
48 years$16,963$9,579$5,154$2,675$1,354$67
49 years$16,427$9,148$4,845$2,472$1,229$57
50 years$15,914$8,738$4,555$2,285$1,117$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,300,000, adding $6,760 every year, while hoping to spend $33,095 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: 63/22/15 Blend
59$16,300,000$16,300,000$16,300,000$16,300,000
60$17,969,573$17,105,673$16,853,023$19,035,285
61$19,767,257$17,908,638$17,382,386$20,554,095
62$21,747,195$18,749,839$17,928,374$22,207,550
63$23,927,942$19,631,115$18,491,509$24,012,328
64$26,329,946$20,554,394$19,072,328$25,983,153
65$28,975,737$21,521,695$19,671,387$28,136,220
66$31,890,143$22,535,139$20,289,259$30,489,344
67$35,100,523$23,596,946$20,926,535$33,062,124
68$38,637,025$24,709,446$21,583,823$35,876,122
69$42,532,873$25,875,079$22,261,752$38,955,064
70$46,824,675$27,096,408$22,960,970$42,325,060
71$51,552,775$28,376,115$23,682,146$46,014,839
72$56,761,629$29,717,015$24,425,969$50,056,023
73$62,500,226$31,122,060$25,193,149$54,483,414
74$68,822,550$32,594,342$25,984,421$59,335,320
75$75,788,091$34,137,106$26,800,540$64,653,908
76$83,462,406$35,753,753$27,642,287$70,485,596
77$91,917,734$37,447,849$28,510,466$76,881,486
78$101,233,683$39,223,135$29,405,907$83,897,839
79$111,497,980$41,083,530$30,329,467$91,596,597
80$122,807,297$43,033,146$31,282,027$100,045,962
81$135,268,165$45,076,293$32,264,498$109,321,030
82$148,997,979$47,217,493$33,277,820$119,504,491
83$164,126,106$49,461,483$34,322,961$130,687,406
84$180,795,108$51,813,235$35,400,919$142,970,051
85$199,162,085$54,277,959$36,512,725$156,462,856
86$219,400,158$56,861,119$37,659,442$171,287,439
87$241,700,106$59,568,446$38,842,165$187,577,743
88$266,272,164$62,405,948$40,062,025$205,481,286
89$293,348,010$65,379,924$41,320,188$225,160,549
90$323,182,949$68,496,982$42,617,856$246,794,491
91$356,058,325$71,764,049$43,956,269$270,580,229
92$392,284,176$75,188,390$45,336,707$296,734,886
93$432,202,164$78,777,623$46,760,488$325,497,625
94$476,188,794$82,539,736$48,228,974$357,131,895
95$524,658,973$86,483,105$49,743,567$391,927,899
96$578,069,927$90,616,516$51,305,715$430,205,323
97$636,925,514$94,949,180$52,916,911$472,316,334
98$701,780,983$99,490,756$54,578,694$518,648,886
99$773,248,215$104,251,375$56,292,652$569,630,368
100$852,001,501$109,241,660$58,060,424$625,731,620