Can I retire at age 60 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,306,210
2 years$686,796$674,005$661,609$649,590$637,931$604,447
3 years$453,316$440,470$428,105$416,198$404,730$372,254
4 years$336,599$323,792$311,551$299,847$288,657$257,439
5 years$266,587$253,857$241,776$230,312$219,432$189,560
6 years$219,927$207,293$195,391$184,182$173,629$145,132
7 years$186,612$174,085$162,371$151,426$141,207$114,088
8 years$161,637$149,223$137,703$127,028$117,145$91,391
9 years$142,223$129,925$118,604$108,199$98,653$74,243
10 years$126,700$114,523$103,402$93,269$84,057$60,963
11 years$114,008$101,953$91,033$81,172$72,292$50,480
12 years$103,439$91,507$80,790$71,199$62,647$42,079
13 years$94,503$82,696$72,180$62,858$54,629$35,265
14 years$86,849$75,168$64,854$55,798$47,888$29,685
15 years$80,223$68,668$58,555$49,762$42,164$25,077
16 years$74,430$63,001$53,088$44,557$37,265$21,248
17 years$69,325$58,022$48,308$40,034$33,041$18,049
18 years$64,791$53,615$44,099$36,078$29,379$15,363
19 years$60,740$49,690$40,371$32,600$26,186$13,100
20 years$57,098$46,174$37,050$29,526$23,390$11,187
21 years$53,807$43,009$34,079$26,796$20,931$9,565
22 years$50,820$40,148$31,409$24,364$18,762$8,187
23 years$48,096$37,549$29,001$22,189$16,842$7,014
24 years$45,603$35,181$26,821$20,237$15,138$6,013
25 years$43,313$33,016$24,841$18,482$13,622$5,159
26 years$41,203$31,029$23,039$16,899$12,270$4,428
27 years$39,252$29,202$21,394$15,468$11,062$3,803
28 years$37,444$27,517$19,888$14,172$9,982$3,268
29 years$35,763$25,959$18,508$12,996$9,013$2,808
30 years$34,198$24,516$17,239$11,927$8,144$2,415
31 years$32,736$23,176$16,072$10,954$7,363$2,076
32 years$31,368$21,929$14,995$10,067$6,660$1,786
33 years$30,086$20,767$14,001$9,258$6,028$1,537
34 years$28,882$19,682$13,082$8,518$5,457$1,322
35 years$27,750$18,668$12,231$7,841$4,943$1,138
36 years$26,682$17,719$11,441$7,221$4,479$979
37 years$25,675$16,829$10,709$6,654$4,059$843
38 years$24,723$15,994$10,028$6,133$3,680$726
39 years$23,822$15,208$9,396$5,655$3,337$625
40 years$22,968$14,469$8,807$5,216$3,027$538
41 years$22,158$13,774$8,258$4,812$2,746$463
42 years$21,389$13,117$7,746$4,441$2,492$399
43 years$20,657$12,498$7,269$4,100$2,261$343
44 years$19,961$11,913$6,823$3,785$2,053$296
45 years$19,297$11,361$6,406$3,496$1,863$255
46 years$18,664$10,838$6,017$3,229$1,692$219
47 years$18,060$10,342$5,653$2,983$1,536$189
48 years$17,483$9,873$5,312$2,757$1,395$163
49 years$16,931$9,428$4,993$2,548$1,267$140
50 years$16,403$9,006$4,694$2,355$1,151$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,800,000, adding $6,401 every year, while hoping to spend $39,823 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: 54/28/18 Blend
59$16,800,000$16,800,000$16,800,000$16,800,000
60$18,520,203$17,629,803$17,369,403$19,429,964
61$20,366,892$18,451,292$17,908,906$20,874,208
62$22,400,609$19,311,699$18,465,149$22,440,729
63$24,640,388$20,212,889$19,038,648$24,145,065
64$27,107,205$21,156,818$19,629,940$26,000,374
65$29,824,172$22,145,534$20,239,575$28,021,112
66$32,816,759$23,181,187$20,868,122$30,223,174
67$36,113,031$24,266,028$21,516,167$32,624,032
68$39,743,915$25,402,418$22,184,314$35,242,894
69$43,743,491$26,592,833$22,873,185$38,100,886
70$48,149,313$27,839,868$23,583,423$41,221,235
71$53,002,765$29,146,243$24,315,689$44,629,491
72$58,349,449$30,514,811$25,070,666$48,353,756
73$64,239,617$31,948,561$25,849,058$52,424,943
74$70,728,645$33,450,628$26,651,589$56,877,061
75$77,877,558$35,024,299$27,479,008$61,747,529
76$85,753,599$36,673,020$28,332,085$67,077,517
77$94,430,870$38,400,403$29,211,614$72,912,333
78$103,991,031$40,210,235$30,118,416$79,301,834
79$114,524,068$42,106,487$31,053,334$86,300,892
80$126,129,141$44,093,324$32,017,239$93,969,903
81$138,915,526$46,175,109$33,011,029$102,375,342
82$153,003,641$48,356,420$34,035,629$111,590,384
83$168,526,183$50,642,056$35,091,993$121,695,582
84$185,629,383$53,037,047$36,181,105$132,779,616
85$204,474,387$55,546,668$37,303,979$144,940,119
86$225,238,771$58,176,452$38,461,659$158,284,582
87$248,118,224$60,932,196$39,655,223$172,931,360
88$273,328,392$63,819,983$40,885,782$189,010,772
89$301,106,914$66,846,188$42,154,482$206,666,319
90$331,715,664$70,017,496$43,462,502$226,056,020
91$365,443,226$73,340,918$44,811,060$247,353,890
92$402,607,615$76,823,803$46,201,410$270,751,568
93$443,559,281$80,473,858$47,634,846$296,460,103
94$488,684,416$84,299,165$49,112,702$324,711,932
95$538,408,600$88,308,198$50,636,351$355,763,056
96$593,200,820$92,509,843$52,207,212$389,895,431
97$653,577,895$96,913,416$53,826,744$427,419,615
98$720,109,355$101,528,688$55,496,455$468,677,675
99$793,422,819$106,365,904$57,217,896$514,046,393
100$874,209,918$111,435,805$58,992,668$563,940,797