Can I retire at age 60 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,408,222
2 years$744,029$730,172$716,743$703,722$691,092$648,054
3 years$491,092$477,176$463,780$450,882$438,457$396,802
4 years$364,649$350,775$337,513$324,835$312,711$272,758
5 years$288,802$275,012$261,924$249,504$237,718$199,576
6 years$238,255$224,568$211,674$199,531$188,098$151,801
7 years$202,163$188,592$175,902$164,045$152,974$118,521
8 years$175,107$161,658$149,179$137,613$126,907$94,276
9 years$154,074$140,752$128,487$117,216$106,874$76,032
10 years$137,258$124,066$112,018$101,041$91,062$61,967
11 years$123,508$110,449$98,619$87,936$78,316$50,917
12 years$112,059$99,133$87,522$77,132$67,867$42,110
13 years$102,378$89,587$78,195$68,096$59,182$35,007
14 years$94,087$81,432$70,259$60,448$51,878$29,224
15 years$86,908$74,390$63,434$53,909$45,678$24,481
16 years$80,633$68,251$57,512$48,270$40,370$20,566
17 years$75,102$62,857$52,334$43,370$35,795$17,317
18 years$70,190$58,083$47,774$39,085$31,827$14,610
19 years$65,801$53,830$43,735$35,317$28,368$12,346
20 years$61,856$50,022$40,138$31,986$25,339$10,447
21 years$58,291$46,593$36,919$29,029$22,676$8,850
22 years$55,055$43,493$34,027$26,394$20,325$7,505
23 years$52,104$40,678$31,417$24,038$18,245$6,369
24 years$49,403$38,113$29,056$21,924$16,399$5,409
25 years$46,922$35,767$26,912$20,022$14,757$4,596
26 years$44,636$33,615$24,959$18,307$13,292$3,907
27 years$42,523$31,636$23,177$16,757$11,984$3,323
28 years$40,564$29,810$21,546$15,353$10,814$2,827
29 years$38,743$28,123$20,050$14,079$9,764$2,406
30 years$37,047$26,559$18,676$12,921$8,823$2,048
31 years$35,464$25,107$17,411$11,867$7,977$1,744
32 years$33,982$23,756$16,245$10,906$7,215$1,485
33 years$32,594$22,498$15,168$10,029$6,530$1,265
34 years$31,289$21,323$14,172$9,228$5,912$1,078
35 years$30,062$20,224$13,250$8,494$5,355$918
36 years$28,906$19,196$12,395$7,823$4,852$782
37 years$27,815$18,231$11,601$7,208$4,397$667
38 years$26,783$17,326$10,864$6,644$3,987$568
39 years$25,807$16,476$10,179$6,126$3,615$484
40 years$24,882$15,675$9,540$5,650$3,279$413
41 years$24,005$14,921$8,946$5,213$2,975$352
42 years$23,171$14,211$8,392$4,811$2,699$300
43 years$22,379$13,540$7,874$4,441$2,450$255
44 years$21,624$12,906$7,391$4,101$2,224$218
45 years$20,905$12,307$6,940$3,787$2,019$186
46 years$20,220$11,741$6,518$3,498$1,833$158
47 years$19,565$11,204$6,124$3,232$1,664$135
48 years$18,940$10,696$5,755$2,986$1,511$115
49 years$18,342$10,214$5,409$2,760$1,373$98
50 years$17,770$9,757$5,085$2,551$1,247$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,200,000, adding $4,820 every year, while hoping to spend $45,210 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: 49/32/19 Blend
59$18,200,000$18,200,000$18,200,000$18,200,000
60$20,061,372$19,096,772$18,814,672$20,937,329
61$22,059,529$19,984,411$19,396,860$22,432,400
62$24,259,982$20,914,028$19,997,037$24,050,618
63$26,683,319$21,887,634$20,615,756$25,807,599
64$29,352,224$22,907,335$21,253,590$27,716,412
65$32,291,694$23,975,338$21,911,129$29,791,412
66$35,529,275$25,093,958$22,588,980$32,048,369
67$39,095,320$26,265,620$23,287,770$34,504,610
68$43,023,276$27,492,869$24,008,143$37,179,179
69$47,350,001$28,778,371$24,750,767$40,093,002
70$52,116,111$30,124,920$25,516,327$43,269,084
71$57,366,360$31,535,446$26,305,530$46,732,715
72$63,150,068$33,013,023$27,119,104$50,511,701
73$69,521,583$34,560,869$27,957,803$54,636,618
74$76,540,795$36,182,362$28,822,399$59,141,089
75$84,273,698$37,881,040$29,713,692$64,062,096
76$92,793,018$39,660,614$30,632,503$69,440,317
77$102,178,896$41,524,974$31,579,682$75,320,499
78$112,519,645$43,478,199$32,556,103$81,751,869
79$123,912,583$45,524,565$33,562,667$88,788,591
80$136,464,953$47,668,555$34,600,302$96,490,260
81$150,294,932$49,914,869$35,669,967$104,922,456
82$165,532,753$52,268,435$36,772,648$114,157,350
83$182,321,924$54,734,419$37,909,363$124,274,369
84$200,820,594$57,318,239$39,081,159$135,360,933
85$221,203,035$60,025,573$40,289,119$147,513,265
86$243,661,296$62,862,377$41,534,356$160,837,286
87$268,407,009$65,834,895$42,818,018$175,449,594
88$295,673,391$68,949,672$44,141,288$191,478,552
89$325,717,443$72,213,572$45,505,388$209,065,479
90$358,822,378$75,633,793$46,911,574$228,365,967
91$395,300,292$79,217,879$48,361,143$249,551,330
92$435,495,110$82,973,744$49,855,430$272,810,199
93$479,785,837$86,909,684$51,395,813$298,350,285
94$528,590,130$91,034,396$52,983,710$326,400,312
95$582,368,245$95,357,003$54,620,586$357,212,160
96$641,627,378$99,887,068$56,307,947$391,063,211
97$706,926,456$104,634,619$58,047,349$428,258,946
98$778,881,411$109,610,173$59,840,392$469,135,801
99$858,170,999$114,824,755$61,688,729$514,064,316
100$945,543,201$120,289,928$63,594,062$563,452,602