Can I retire at age 60 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,375,628
2 years$723,589$710,113$697,052$684,389$672,106$636,275
3 years$477,601$464,066$451,039$438,495$426,412$391,666
4 years$354,631$341,138$328,241$315,911$304,120$270,727
5 years$280,868$267,456$254,728$242,650$231,188$199,240
6 years$231,709$218,398$205,858$194,049$182,931$152,460
7 years$196,609$183,410$171,069$159,538$148,772$119,780
8 years$170,296$157,217$145,080$133,833$123,420$95,895
9 years$149,842$136,885$124,958$113,996$103,938$77,855
10 years$133,487$120,658$108,941$98,265$88,560$63,889
11 years$120,115$107,415$95,910$85,520$76,165$52,869
12 years$108,980$96,409$85,118$75,013$66,003$44,042
13 years$99,565$87,126$76,047$66,225$57,556$36,885
14 years$91,502$79,195$68,328$58,787$50,453$31,027
15 years$84,521$72,346$61,691$52,428$44,423$26,193
16 years$78,418$66,376$55,932$46,944$39,261$22,178
17 years$73,038$61,130$50,896$42,178$34,812$18,825
18 years$68,262$56,487$46,462$38,011$30,953$16,012
19 years$63,994$52,351$42,533$34,346$27,589$13,643
20 years$60,157$48,648$39,035$31,107$24,643$11,641
21 years$56,690$45,313$35,905$28,232$22,053$9,946
22 years$53,542$42,298$33,092$25,669$19,767$8,506
23 years$50,673$39,561$30,554$23,377$17,744$7,282
24 years$48,046$37,066$28,258$21,322$15,949$6,238
25 years$45,633$34,784$26,172$19,472$14,351$5,348
26 years$43,410$32,692$24,273$17,804$12,927$4,587
27 years$41,355$30,767$22,540$16,297$11,655$3,936
28 years$39,449$28,991$20,954$14,931$10,517$3,379
29 years$37,679$27,350$19,499$13,692$9,496$2,902
30 years$36,030$25,829$18,163$12,566$8,580$2,493
31 years$34,490$24,417$16,933$11,541$7,757$2,142
32 years$33,049$23,104$15,799$10,606$7,017$1,841
33 years$31,698$21,879$14,751$9,753$6,351$1,582
34 years$30,430$20,737$13,783$8,974$5,750$1,360
35 years$29,236$19,669$12,886$8,261$5,208$1,170
36 years$28,112$18,668$12,054$7,608$4,718$1,006
37 years$27,050$17,731$11,283$7,010$4,277$865
38 years$26,047$16,850$10,566$6,461$3,877$744
39 years$25,098$16,023$9,899$5,958$3,516$640
40 years$24,199$15,245$9,278$5,495$3,189$551
41 years$23,345$14,511$8,700$5,070$2,893$474
42 years$22,535$13,820$8,161$4,679$2,625$408
43 years$21,764$13,168$7,658$4,319$2,383$351
44 years$21,030$12,552$7,188$3,988$2,163$302
45 years$20,331$11,969$6,750$3,683$1,963$260
46 years$19,664$11,418$6,339$3,402$1,783$223
47 years$19,028$10,896$5,956$3,143$1,619$192
48 years$18,419$10,402$5,597$2,904$1,470$165
49 years$17,838$9,933$5,261$2,684$1,335$142
50 years$17,281$9,489$4,946$2,481$1,213$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,700,000, adding $3,499 every year, while hoping to spend $39,033 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: 48/29/23 Blend
59$17,700,000$17,700,000$17,700,000$17,700,000
60$19,509,009$18,570,909$18,296,559$20,317,870
61$21,457,397$19,439,353$18,867,963$21,751,703
62$23,603,213$20,349,042$19,457,201$23,303,648
63$25,966,552$21,301,957$20,064,829$24,988,178
64$28,569,560$22,300,172$20,691,420$26,817,774
65$31,436,639$23,345,865$21,337,566$28,806,149
66$34,594,679$24,441,315$22,003,878$30,968,363
67$38,073,311$25,588,914$22,690,983$33,320,968
68$41,905,188$26,791,171$23,399,530$35,882,153
69$46,126,292$28,050,712$24,130,188$38,671,909
70$50,776,271$29,370,294$24,883,647$41,712,212
71$55,898,818$30,752,806$25,660,617$45,027,221
72$61,542,082$32,201,278$26,461,832$48,643,500
73$67,759,118$33,718,884$27,288,047$52,590,261
74$74,608,394$35,308,955$28,140,042$56,899,627
75$82,154,338$36,974,982$29,018,622$61,606,933
76$90,467,949$38,720,625$29,924,614$66,751,045
77$99,627,465$40,549,721$30,858,874$72,374,718
78$109,719,103$42,466,293$31,822,282$78,524,990
79$120,837,871$44,474,562$32,815,749$85,253,619
80$133,088,468$46,578,949$33,840,210$92,617,551
81$146,586,267$48,784,093$34,896,633$100,679,458
82$161,458,409$51,094,857$35,986,013$109,508,307
83$177,845,001$53,516,339$37,109,378$119,180,005
84$195,900,436$56,053,885$38,267,788$129,778,099
85$215,794,857$58,713,101$39,462,335$141,394,550
86$237,715,754$61,499,865$40,694,145$154,130,592
87$261,869,742$64,420,339$41,964,380$168,097,666
88$288,484,507$67,480,987$43,274,238$183,418,459
89$317,810,955$70,688,584$44,624,953$200,228,046
90$350,125,584$74,050,236$46,017,800$218,675,148
91$385,733,089$77,573,393$47,454,092$238,923,515
92$424,969,242$81,265,867$48,935,183$261,153,456
93$468,204,062$85,135,852$50,462,468$285,563,520
94$515,845,303$89,191,936$52,037,388$312,372,349
95$568,342,311$93,443,127$53,661,427$341,820,721
96$626,190,259$97,898,872$55,336,117$374,173,802
97$689,934,823$102,569,075$57,063,035$409,723,621
98$760,177,337$107,464,122$58,843,809$448,791,806
99$837,580,467$112,594,905$60,680,118$491,732,593
100$922,874,465$117,972,846$62,573,692$538,936,142