Can I retire at age 60 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,295,536
2 years$674,532$661,969$649,794$637,990$626,540$606,241
3 years$445,221$432,604$420,460$408,766$397,502$377,733
4 years$330,588$318,010$305,987$294,493$283,502$264,414
5 years$261,826$249,324$237,459$226,199$215,514$197,163
6 years$216,000$203,592$191,902$180,893$170,529$152,936
7 years$183,280$170,976$159,471$148,722$138,686$121,857
8 years$158,751$146,558$135,244$124,759$115,053$98,985
9 years$139,683$127,605$116,486$106,267$96,891$81,576
10 years$124,437$112,478$101,555$91,603$82,556$67,982
11 years$111,972$100,132$89,407$79,722$71,001$57,153
12 years$101,592$89,873$79,347$69,927$61,528$48,389
13 years$92,815$81,219$70,891$61,735$53,654$41,205
14 years$85,299$73,826$63,696$54,802$47,032$35,254
15 years$78,790$67,441$57,509$48,873$41,411$30,281
16 years$73,101$61,876$52,140$43,761$36,599$26,096
17 years$68,087$56,986$47,446$39,319$32,451$22,552
18 years$63,634$52,657$43,312$35,434$28,854$19,536
19 years$59,655$48,802$39,650$32,018$25,718$16,957
20 years$56,078$45,349$36,389$28,998$22,972$14,744
21 years$52,846$42,241$33,470$26,318$20,558$12,839
22 years$49,912$39,431$30,848$23,929$18,427$11,194
23 years$47,237$36,879$28,483$21,793$16,541$9,771
24 years$44,789$34,553$26,342$19,876$14,867$8,537
25 years$42,540$32,426$24,398$18,152$13,378$7,465
26 years$40,467$30,475$22,628$16,597$12,051$6,533
27 years$38,551$28,681$21,012$15,192$10,865$5,720
28 years$36,775$27,026$19,533$13,919$9,804$5,012
29 years$35,124$25,496$18,177$12,764$8,852$4,393
30 years$33,587$24,078$16,932$11,714$7,999$3,852
31 years$32,151$22,762$15,785$10,759$7,232$3,379
32 years$30,808$21,537$14,727$9,887$6,541$2,965
33 years$29,549$20,396$13,751$9,092$5,920$2,603
34 years$28,367$19,331$12,848$8,366$5,360$2,285
35 years$27,254$18,335$12,012$7,701$4,855$2,006
36 years$26,206$17,403$11,237$7,092$4,399$1,762
37 years$25,216$16,529$10,518$6,535$3,987$1,548
38 years$24,281$15,708$9,849$6,023$3,614$1,360
39 years$23,397$14,937$9,228$5,554$3,277$1,195
40 years$22,558$14,211$8,649$5,123$2,973$1,050
41 years$21,763$13,528$8,110$4,726$2,697$923
42 years$21,007$12,883$7,608$4,362$2,447$811
43 years$20,288$12,275$7,139$4,026$2,221$713
44 years$19,604$11,701$6,701$3,718$2,016$627
45 years$18,953$11,158$6,292$3,433$1,830$551
46 years$18,331$10,644$5,910$3,171$1,662$485
47 years$17,738$10,158$5,552$2,930$1,509$426
48 years$17,171$9,697$5,217$2,707$1,370$375
49 years$16,629$9,260$4,904$2,502$1,245$329
50 years$16,110$8,846$4,610$2,313$1,130$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,500,000, adding $2,584 every year, while hoping to spend $26,129 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: 66/8/26 Blend
59$16,500,000$16,500,000$16,500,000$16,500,000
60$18,185,665$17,311,165$17,055,415$19,262,299
61$20,012,802$18,131,611$17,598,971$20,808,558
62$22,025,431$18,991,384$18,159,859$22,495,322
63$24,242,445$19,892,381$18,738,635$24,339,007
64$26,684,663$20,836,596$19,335,867$26,355,076
65$29,375,025$21,826,116$19,952,146$28,560,548
66$32,338,813$22,863,132$20,588,078$30,974,158
67$35,603,885$23,949,938$21,244,292$33,616,528
68$39,200,940$25,088,943$21,921,434$36,510,362
69$43,163,806$26,282,671$22,620,172$39,680,656
70$47,529,762$27,533,770$23,341,195$43,154,931
71$52,339,887$28,845,015$24,085,215$46,963,490
72$57,639,452$30,219,316$24,852,966$51,139,698
73$63,478,340$31,659,727$25,645,204$55,720,298
74$69,911,524$33,169,447$26,462,712$60,745,751
75$76,999,582$34,751,833$27,306,296$66,260,616
76$84,809,271$36,410,404$28,176,788$72,313,964
77$93,414,153$38,148,850$29,075,047$78,959,840
78$102,895,295$39,971,042$30,001,959$86,257,768
79$113,342,029$41,881,037$30,958,439$94,273,308
80$124,852,800$43,883,092$31,945,430$103,078,671
81$137,536,091$45,981,669$32,963,908$112,753,396
82$151,511,449$48,181,447$34,014,875$123,385,095
83$166,910,614$50,487,336$35,099,371$135,070,274
84$183,878,761$52,904,480$36,218,465$147,915,244
85$202,575,873$55,438,277$37,373,261$162,037,112
86$223,178,246$58,094,386$38,564,899$177,564,883
87$245,880,159$60,878,744$39,794,556$194,640,675
88$270,895,706$63,797,573$41,063,444$213,421,051
89$298,460,816$66,857,402$42,372,818$234,078,491
90$328,835,481$70,065,076$43,723,968$256,803,014
91$362,306,208$73,427,773$45,118,229$281,803,965
92$399,188,729$76,953,022$46,556,978$309,311,983
93$439,830,977$80,648,717$48,041,634$339,581,170
94$484,616,371$84,523,139$49,573,663$372,891,485
95$533,967,439$88,584,970$51,154,579$409,551,375
96$588,349,801$92,843,318$52,785,941$449,900,680
97$648,276,572$97,307,732$54,469,361$494,313,832
98$714,313,199$101,988,227$56,206,501$543,203,379
99$787,082,802$106,895,307$57,999,076$597,023,873
100$867,272,060$112,039,989$59,848,857$656,276,147