Can I retire at age 60 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,368,491
2 years$727,677$714,125$700,990$688,256$675,903$625,167
3 years$480,299$466,688$453,587$440,972$428,821$379,849
4 years$356,634$343,065$330,095$317,696$305,839$259,006
5 years$282,455$268,967$256,167$244,021$232,494$187,922
6 years$233,018$219,632$207,021$195,145$183,964$141,686
7 years$197,720$184,447$172,036$160,440$149,612$109,619
8 years$171,259$158,105$145,900$134,589$124,118$86,375
9 years$150,688$137,659$125,664$114,640$104,525$68,983
10 years$134,242$121,339$109,556$98,821$89,061$55,658
11 years$120,794$108,021$96,452$86,004$76,595$45,263
12 years$109,596$96,954$85,598$75,437$66,376$37,038
13 years$100,128$87,618$76,477$66,599$57,881$30,457
14 years$92,019$79,643$68,715$59,119$50,738$25,145
15 years$84,998$72,755$62,040$52,724$44,674$20,826
16 years$78,861$66,751$56,248$47,209$39,483$17,294
17 years$73,451$61,475$51,184$42,417$35,008$14,392
18 years$68,648$56,806$46,724$38,226$31,128$11,998
19 years$64,355$52,647$42,774$34,540$27,745$10,017
20 years$60,497$48,922$39,256$31,283$24,782$8,373
21 years$57,010$45,569$36,108$28,391$22,177$7,006
22 years$53,845$42,537$33,279$25,814$19,879$5,867
23 years$50,959$39,784$30,727$23,510$17,844$4,917
24 years$48,317$37,275$28,417$21,442$16,039$4,123
25 years$45,891$34,981$26,320$19,582$14,433$3,459
26 years$43,655$32,876$24,411$17,905$13,000$2,903
27 years$41,588$30,941$22,667$16,389$11,721$2,437
28 years$39,672$29,155$21,072$15,016$10,576$2,047
29 years$37,892$27,505$19,610$13,770$9,550$1,719
30 years$36,233$25,975$18,266$12,637$8,629$1,444
31 years$34,684$24,555$17,028$11,606$7,801$1,214
32 years$33,235$23,234$15,888$10,666$7,057$1,020
33 years$31,877$22,003$14,835$9,809$6,386$857
34 years$30,602$20,854$13,861$9,025$5,782$721
35 years$29,401$19,780$12,959$8,308$5,237$606
36 years$28,271$18,774$12,122$7,651$4,745$509
37 years$27,203$17,831$11,346$7,050$4,301$428
38 years$26,195$16,946$10,625$6,498$3,899$360
39 years$25,240$16,114$9,955$5,991$3,536$303
40 years$24,335$15,331$9,331$5,526$3,207$255
41 years$23,477$14,593$8,749$5,099$2,909$214
42 years$22,662$13,898$8,207$4,705$2,640$180
43 years$21,887$13,242$7,701$4,344$2,396$151
44 years$21,149$12,623$7,229$4,011$2,175$127
45 years$20,446$12,037$6,788$3,704$1,974$107
46 years$19,775$11,483$6,375$3,421$1,793$90
47 years$19,135$10,958$5,989$3,161$1,628$76
48 years$18,524$10,461$5,628$2,921$1,478$64
49 years$17,939$9,990$5,290$2,699$1,343$54
50 years$17,379$9,542$4,974$2,495$1,220$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,800,000, adding $4,058 every year, while hoping to spend $45,552 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: 49/46/5 Blend
59$17,800,000$17,800,000$17,800,000$17,800,000
60$19,619,786$18,676,386$18,400,486$20,556,930
61$21,572,537$19,543,062$18,968,435$22,062,837
62$23,722,942$20,450,678$19,553,884$23,692,341
63$26,091,114$21,401,193$20,157,371$25,461,069
64$28,699,214$22,396,658$20,779,450$27,382,010
65$31,571,666$23,439,226$21,420,693$29,469,418
66$34,735,379$24,531,151$22,081,689$31,738,942
67$38,220,008$25,674,798$22,763,046$34,207,769
68$42,058,230$26,872,645$23,465,390$36,894,771
69$46,286,054$28,127,289$24,189,365$39,820,680
70$50,943,160$29,441,454$24,935,636$43,008,269
71$56,073,271$30,817,995$25,704,890$46,482,564
72$61,724,573$32,259,904$26,497,831$50,271,063
73$67,950,160$33,770,320$27,315,189$54,403,987
74$74,808,541$35,352,531$28,157,713$58,914,558
75$82,364,193$37,009,985$29,026,177$63,839,294
76$90,688,164$38,746,298$29,921,377$69,218,347
77$99,858,750$40,565,259$30,844,136$75,095,865
78$109,962,227$42,470,842$31,795,300$81,520,398
79$121,093,672$44,467,212$32,775,741$88,545,340
80$133,357,857$46,558,735$33,786,358$96,229,420
81$146,870,237$48,749,991$34,828,079$104,637,239
82$161,758,040$51,045,780$35,901,859$113,839,863
83$178,161,471$53,451,134$37,008,682$123,915,480
84$196,235,032$55,971,330$38,149,563$134,950,115
85$216,148,980$58,611,900$39,325,549$147,038,430
86$238,090,936$61,378,644$40,537,715$160,284,590
87$262,267,658$64,277,644$41,787,175$174,803,231
88$288,906,986$67,315,275$43,075,072$190,720,519
89$318,259,997$70,498,223$44,402,586$208,175,319
90$350,603,378$73,833,497$45,770,934$227,320,480
91$386,242,031$77,328,446$47,181,368$248,324,256
92$425,511,955$80,990,777$48,635,181$271,371,864
93$468,783,419$84,828,570$50,133,704$296,667,209
94$516,464,453$88,850,295$51,678,308$324,434,780
95$569,004,704$93,064,836$53,270,408$354,921,736
96$626,899,678$97,481,507$54,911,461$388,400,212
97$690,695,419$102,110,075$56,602,969$425,169,849
98$760,993,663$106,960,780$58,346,480$465,560,596
99$838,457,518$112,044,359$60,143,588$509,935,781
100$923,817,725$117,372,073$61,995,939$558,695,509