Can I retire at age 60 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,430,389
2 years$748,117$734,184$720,681$707,589$694,889$665,917
3 years$493,791$479,798$466,328$453,359$440,866$412,703
4 years$366,652$352,702$339,368$326,620$314,430$287,293
5 years$290,389$276,523$263,363$250,875$239,024$212,991
6 years$239,564$225,802$212,837$200,627$189,132$164,230
7 years$203,274$189,628$176,868$164,946$153,815$130,051
8 years$176,069$162,546$149,998$138,369$127,604$104,971
9 years$154,921$141,526$129,193$117,860$107,461$85,944
10 years$138,012$124,748$112,634$101,597$91,562$71,141
11 years$124,187$111,056$99,161$88,419$78,747$59,396
12 years$112,674$99,678$88,003$77,556$68,240$49,933
13 years$102,940$90,079$78,625$68,470$59,507$42,212
14 years$94,604$81,880$70,645$60,780$52,163$35,848
15 years$87,386$74,799$63,783$54,205$45,929$30,560
16 years$81,076$68,626$57,828$48,535$40,592$26,134
17 years$75,514$63,202$52,621$43,608$35,992$22,408
18 years$70,576$58,402$48,037$39,300$32,002$19,256
19 years$66,163$54,126$43,975$35,511$28,524$16,579
20 years$62,196$50,297$40,358$32,162$25,478$14,298
21 years$58,611$46,849$37,122$29,189$22,800$12,347
22 years$55,357$43,732$34,214$26,539$20,437$10,675
23 years$52,390$40,902$31,590$24,170$18,346$9,239
24 years$49,675$38,322$29,216$22,044$16,489$8,002
25 years$47,180$35,964$27,059$20,132$14,838$6,937
26 years$44,881$33,800$25,096$18,408$13,365$6,017
27 years$42,756$31,810$23,304$16,849$12,050$5,222
28 years$40,787$29,974$21,664$15,437$10,873$4,535
29 years$38,956$28,277$20,160$14,156$9,818$3,939
30 years$37,251$26,705$18,779$12,992$8,871$3,423
31 years$35,659$25,245$17,507$11,932$8,020$2,976
32 years$34,169$23,887$16,334$10,966$7,255$2,587
33 years$32,773$22,621$15,251$10,084$6,566$2,250
34 years$31,461$21,440$14,250$9,278$5,945$1,957
35 years$30,227$20,335$13,323$8,541$5,384$1,703
36 years$29,065$19,301$12,463$7,866$4,878$1,482
37 years$27,967$18,332$11,665$7,248$4,421$1,290
38 years$26,930$17,422$10,924$6,680$4,008$1,123
39 years$25,949$16,566$10,235$6,160$3,635$977
40 years$25,019$15,761$9,593$5,681$3,297$851
41 years$24,137$15,003$8,995$5,242$2,991$741
42 years$23,299$14,289$8,438$4,838$2,714$645
43 years$22,502$13,614$7,918$4,466$2,463$562
44 years$21,743$12,977$7,432$4,123$2,236$489
45 years$21,020$12,375$6,978$3,808$2,030$426
46 years$20,331$11,805$6,554$3,517$1,843$371
47 years$19,673$11,266$6,158$3,250$1,674$323
48 years$19,044$10,755$5,786$3,003$1,520$281
49 years$18,443$10,270$5,439$2,775$1,380$245
50 years$17,867$9,810$5,113$2,565$1,254$213

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,300,000, adding $3,046 every year, while hoping to spend $55,549 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: 62/24/14 Blend
59$18,300,000$18,300,000$18,300,000$18,300,000
60$20,169,742$19,199,842$18,916,192$21,351,260
61$22,167,952$20,081,530$19,490,781$23,026,589
62$24,368,118$21,004,560$20,082,756$24,848,013
63$26,790,780$21,970,898$20,692,643$26,834,955
64$29,458,572$22,982,605$21,320,980$29,003,477
65$32,396,437$24,041,842$21,968,322$31,371,244
66$35,631,855$25,150,875$22,635,243$33,957,687
67$39,195,113$26,312,076$23,322,332$36,784,179
68$43,119,580$27,527,933$24,030,196$39,874,235
69$47,442,030$28,801,054$24,759,460$43,253,728
70$52,202,983$30,134,172$25,510,768$46,951,125
71$57,447,093$31,530,152$26,284,784$50,997,751
72$63,223,562$32,991,996$27,082,191$55,428,079
73$69,586,614$34,522,852$27,903,692$60,280,050
74$76,595,995$36,126,018$28,750,012$65,595,422
75$84,317,546$37,804,953$29,621,898$71,420,159
76$92,823,822$39,563,282$30,520,118$77,804,856
77$102,194,774$41,404,804$31,445,463$84,805,211
78$112,518,505$43,333,504$32,398,750$92,482,541
79$123,892,101$45,353,555$33,380,818$100,904,352
80$136,422,552$47,469,334$34,392,531$110,144,970
81$150,227,751$49,685,431$35,434,780$120,286,229
82$165,437,620$52,006,655$36,508,483$131,418,241
83$182,195,324$54,438,048$37,614,584$143,640,229
84$200,658,630$56,984,896$38,754,056$157,061,456
85$221,001,394$59,652,740$39,927,901$171,802,249
86$243,415,202$62,447,389$41,137,150$187,995,118
87$268,111,174$65,374,933$42,382,867$205,785,998
88$295,321,967$68,441,758$43,666,146$225,335,613
89$325,303,958$71,654,555$44,988,113$246,820,981
90$358,339,677$75,020,342$46,349,929$270,437,071
91$394,740,462$78,546,477$47,752,789$296,398,628
92$434,849,406$82,240,672$49,197,925$324,942,186
93$479,044,593$86,111,013$50,686,604$356,328,288
94$527,742,667$90,165,978$52,220,130$390,843,924
95$581,402,763$94,414,455$53,799,849$428,805,227
96$640,530,845$98,865,763$55,427,144$470,560,438
97$705,684,479$103,529,673$57,103,440$516,493,176
98$777,478,097$108,416,428$58,830,207$567,026,036
99$856,588,799$113,536,770$60,608,955$622,624,564
100$943,762,743$118,901,958$62,441,242$683,801,624