Can I retire at age 60 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,307,469
2 years$682,708$669,993$657,671$645,723$634,134$609,827
3 years$450,618$437,848$425,556$413,721$402,321$378,676
4 years$334,595$321,865$309,696$298,063$286,938$264,139
5 years$265,000$252,346$240,337$228,941$218,126$196,237
6 years$218,618$206,059$194,228$183,086$172,596$151,641
7 years$185,501$173,048$161,404$150,525$140,367$120,352
8 years$160,675$148,334$136,884$126,272$116,448$97,368
9 years$141,376$129,152$117,898$107,555$98,066$79,910
10 years$125,946$113,841$102,786$92,714$83,557$66,309
11 years$113,329$101,346$90,491$80,689$71,862$55,502
12 years$102,823$90,963$80,309$70,775$62,274$46,780
13 years$93,940$82,204$71,750$62,484$54,304$39,651
14 years$86,333$74,721$64,468$55,466$47,603$33,765
15 years$79,745$68,259$58,206$49,466$41,913$28,863
16 years$73,987$62,626$52,772$44,291$37,043$24,753
17 years$68,912$57,676$48,021$39,795$32,845$21,285
18 years$64,405$53,296$43,837$35,864$29,204$18,344
19 years$60,378$49,394$40,130$32,406$26,030$15,841
20 years$56,758$45,899$36,830$29,350$23,251$13,702
21 years$53,487$42,753$33,876$26,637$20,807$11,869
22 years$50,517$39,909$31,222$24,219$18,650$10,293
23 years$47,810$37,326$28,828$22,057$16,742$8,936
24 years$45,332$34,972$26,661$20,117$15,048$7,765
25 years$43,055$32,819$24,694$18,372$13,541$6,752
26 years$40,957$30,845$22,902$16,798$12,197$5,876
27 years$39,018$29,029$21,267$15,376$10,997$5,116
28 years$37,221$27,353$19,770$14,088$9,922$4,457
29 years$35,550$25,805$18,398$12,919$8,960$3,884
30 years$33,994$24,370$17,137$11,856$8,096$3,387
31 years$32,541$23,038$15,976$10,889$7,319$2,954
32 years$31,182$21,798$14,906$10,007$6,621$2,577
33 years$29,907$20,643$13,918$9,202$5,992$2,248
34 years$28,710$19,565$13,004$8,467$5,425$1,963
35 years$27,584$18,557$12,158$7,794$4,914$1,713
36 years$26,523$17,614$11,373$7,178$4,452$1,496
37 years$25,522$16,729$10,645$6,614$4,035$1,306
38 years$24,576$15,898$9,969$6,096$3,658$1,141
39 years$23,680$15,118$9,340$5,621$3,317$996
40 years$22,832$14,383$8,754$5,185$3,009$870
41 years$22,026$13,692$8,209$4,783$2,730$760
42 years$21,262$13,039$7,700$4,415$2,477$664
43 years$20,534$12,424$7,225$4,075$2,248$581
44 years$19,842$11,843$6,782$3,763$2,040$507
45 years$19,182$11,293$6,368$3,475$1,852$443
46 years$18,553$10,773$5,981$3,210$1,682$387
47 years$17,953$10,281$5,619$2,966$1,527$338
48 years$17,379$9,814$5,281$2,740$1,387$296
49 years$16,830$9,372$4,963$2,533$1,260$259
50 years$16,305$8,953$4,666$2,341$1,144$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,700,000, adding $3,609 every year, while hoping to spend $32,323 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: 35/42/23 Blend
59$16,700,000$16,700,000$16,700,000$16,700,000
60$18,407,123$17,522,023$17,263,173$18,922,784
61$20,250,258$18,346,210$17,807,098$20,128,534
62$22,280,309$19,209,700$18,368,161$21,425,398
63$24,516,309$20,114,383$18,946,902$22,824,050
64$26,979,227$21,062,243$19,543,878$24,333,584
65$29,692,175$22,055,359$20,159,664$25,963,966
66$32,680,616$23,095,911$20,794,853$27,726,120
67$35,972,614$24,186,186$21,450,055$29,632,023
68$39,599,090$25,328,579$22,125,902$31,694,806
69$43,594,121$26,525,603$22,823,043$33,928,874
70$47,995,257$27,779,893$23,542,151$36,350,032
71$52,843,877$29,094,211$24,283,916$38,975,619
72$58,185,578$30,471,453$25,049,053$41,824,671
73$64,070,609$31,914,657$25,838,299$44,918,079
74$70,554,342$33,427,005$26,652,412$48,278,784
75$77,697,794$35,011,838$27,492,177$51,931,979
76$85,568,206$36,672,655$28,358,402$55,905,333
77$94,239,674$38,413,126$29,251,920$60,229,240
78$103,793,854$40,237,102$30,173,592$64,937,094
79$114,320,724$42,148,617$31,124,304$70,065,589
80$125,919,441$44,151,903$32,104,972$75,655,053
81$138,699,275$46,251,397$33,116,539$81,749,810
82$152,780,637$48,451,752$34,159,980$88,398,583
83$168,296,221$50,757,846$35,236,298$95,654,942
84$185,392,251$53,174,796$36,346,529$103,577,785
85$204,229,865$55,707,966$37,491,742$112,231,881
86$224,986,635$58,362,980$38,673,040$121,688,460
87$247,858,244$61,145,738$39,891,558$132,025,865
88$273,060,330$64,062,424$41,148,471$143,330,273
89$300,830,526$67,119,526$42,444,987$155,696,484
90$331,430,701$70,323,843$43,782,355$169,228,794
91$365,149,430$73,682,509$45,161,862$184,041,955
92$402,304,723$77,203,003$46,584,835$200,262,234
93$443,247,022$80,893,168$48,052,645$218,028,579
94$488,362,513$84,761,228$49,566,703$237,493,900
95$538,076,770$88,815,809$51,128,468$258,826,488
96$592,858,771$93,065,954$52,739,442$282,211,571
97$653,225,329$97,521,149$54,401,177$307,853,030
98$719,745,967$102,191,339$56,115,270$335,975,292
99$793,048,297$107,086,956$57,883,373$366,825,417
100$873,823,944$112,218,938$59,707,187$400,675,388