Can I retire at age 60 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,455,556
2 years$752,205$738,196$724,619$711,455$698,687$686,907
3 years$496,489$482,419$468,877$455,836$443,275$431,767
4 years$368,656$354,629$341,222$328,404$316,148$304,999
5 years$291,976$278,034$264,802$252,246$240,331$229,574
6 years$240,873$227,035$214,000$201,723$190,165$179,815
7 years$204,385$190,664$177,835$165,848$154,655$144,716
8 years$177,031$163,434$150,818$139,126$128,302$118,773
9 years$155,768$142,299$129,899$118,504$108,048$98,928
10 years$138,767$125,430$113,249$102,152$92,063$83,346
11 years$124,866$111,663$99,703$88,903$79,177$70,856
12 years$113,290$100,222$88,484$77,980$68,613$60,681
13 years$103,503$90,572$79,054$68,844$59,832$52,280
14 years$95,121$82,327$71,031$61,112$52,448$45,268
15 years$87,863$75,207$64,131$54,501$46,180$39,360
16 years$81,519$69,001$58,144$48,800$40,814$34,344
17 years$75,927$63,548$52,909$43,846$36,188$30,058
18 years$70,962$58,721$48,299$39,514$32,177$26,375
19 years$66,524$54,422$44,216$35,705$28,680$23,194
20 years$62,536$50,571$40,579$32,337$25,617$20,437
21 years$58,932$47,105$37,325$29,348$22,925$18,037
22 years$55,660$43,971$34,400$26,684$20,549$15,942
23 years$52,677$41,125$31,763$24,302$18,446$14,109
24 years$49,946$38,532$29,375$22,165$16,580$12,500
25 years$47,438$36,160$27,207$20,242$14,919$11,086
26 years$45,127$33,985$25,233$18,508$13,439$9,840
27 years$42,990$31,984$23,431$16,941$12,116$8,741
28 years$41,010$30,138$21,783$15,522$10,932$7,769
29 years$39,169$28,432$20,270$14,234$9,872$6,910
30 years$37,454$26,851$18,881$13,063$8,920$6,149
31 years$35,854$25,383$17,602$11,997$8,064$5,475
32 years$34,356$24,017$16,423$11,026$7,295$4,876
33 years$32,952$22,745$15,335$10,139$6,602$4,345
34 years$31,633$21,557$14,328$9,329$5,977$3,872
35 years$30,392$20,446$13,395$8,588$5,414$3,452
36 years$29,223$19,407$12,531$7,909$4,905$3,079
37 years$28,120$18,432$11,729$7,287$4,446$2,746
38 years$27,078$17,517$10,984$6,717$4,030$2,450
39 years$26,091$16,657$10,290$6,193$3,655$2,186
40 years$25,156$15,848$9,645$5,712$3,315$1,951
41 years$24,269$15,085$9,044$5,270$3,008$1,741
42 years$23,426$14,367$8,484$4,864$2,729$1,555
43 years$22,625$13,689$7,961$4,490$2,477$1,388
44 years$21,862$13,048$7,473$4,146$2,248$1,239
45 years$21,135$12,443$7,017$3,829$2,041$1,107
46 years$20,442$11,870$6,590$3,537$1,853$988
47 years$19,780$11,327$6,191$3,267$1,683$883
48 years$19,148$10,813$5,818$3,019$1,528$788
49 years$18,543$10,326$5,469$2,790$1,388$704
50 years$17,965$9,864$5,141$2,579$1,261$629

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,400,000, adding $5,477 every year, while hoping to spend $27,527 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: 38/42/20 Blend
59$18,400,000$18,400,000$18,400,000$18,400,000
60$20,282,450$19,307,250$19,022,050$20,931,351
61$22,321,971$20,224,016$19,630,000$22,317,301
62$24,568,601$21,184,782$20,257,394$23,811,137
63$27,043,435$22,191,673$20,904,853$25,425,008
64$29,769,721$23,246,921$21,573,022$27,169,763
65$32,773,076$24,352,863$22,262,561$29,057,299
66$36,081,728$25,511,952$22,974,155$31,100,657
67$39,726,786$26,726,759$23,708,511$33,314,143
68$43,742,528$27,999,980$24,466,356$35,713,451
69$48,166,730$29,334,443$25,248,443$38,315,801
70$53,041,017$30,733,112$26,055,547$41,140,090
71$58,411,263$32,199,096$26,888,469$44,207,063
72$64,328,015$33,735,656$27,748,037$47,539,495
73$70,846,979$35,346,209$28,635,102$51,162,395
74$78,029,538$37,034,340$29,550,545$55,103,232
75$85,943,338$38,803,810$30,495,275$59,392,174
76$94,662,921$40,658,559$31,470,229$64,062,369
77$104,270,432$42,602,722$32,476,375$69,150,237
78$114,856,394$44,640,633$33,514,712$74,695,802
79$126,520,561$46,776,839$34,586,270$80,743,052
80$139,372,861$49,016,107$35,692,112$87,340,342
81$153,534,432$51,363,435$36,833,337$94,540,829
82$169,138,768$53,824,068$38,011,078$102,402,958
83$186,332,977$56,403,501$39,226,504$110,990,997
84$205,279,170$59,107,502$40,480,821$120,375,621
85$226,155,991$61,942,116$41,775,275$130,634,561
86$249,160,306$64,913,684$43,111,150$141,853,315
87$274,509,059$68,028,855$44,489,775$154,125,935
88$302,441,317$71,294,604$45,912,517$167,555,888
89$333,220,535$74,718,243$47,380,790$182,257,013
90$367,137,034$78,307,441$48,896,051$198,354,565
91$404,510,748$82,070,242$50,459,805$215,986,374
92$445,694,242$86,015,082$52,073,606$235,304,118
93$491,076,039$90,150,805$53,739,056$256,474,725
94$541,084,290$94,486,690$55,457,810$279,681,915
95$596,190,816$99,032,466$57,231,574$305,127,908
96$656,915,559$103,798,336$59,062,112$333,035,296
97$723,831,494$108,795,003$60,951,241$363,649,108
98$797,570,037$114,033,688$62,900,838$397,239,087
99$878,827,004$119,526,163$64,912,840$434,102,202
100$968,369,184$125,284,771$66,989,245$474,565,404